Provide postsecondary higher education to a number of students.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$518K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$950K
+45% vs prior year
Spent
$951K
To programs
44%
Net assets
$540K
By yearFY2021–FY2025
Revenue
$950K
FY2023▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2021$656K
FY2023$950K
FY2024$940K
FY2025$947K
Expenses
$951K
FY2023▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2021$603K
FY2023$951K
FY2024$1.0M
FY2025$913K
Net assets
$540K
FY2023▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2021$718K
FY2023$540K
FY2024$468K
FY2025$722K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $421K Management & general 56% · $530K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Kernel University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers college education to students.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provided postsecondary higher education to a number of students

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$950K
Ln 12
Fees for servicesLn 2g$937K
Investment incomeLn 3$5K
Gifts and grantsLn 1h$4K
Money outPt IX
$951K
Ln 25
Programscol B$421K
Managementcol C$530K
Owns and owesPt X
$540K
net assets · Ln 32
Cash and savingsLn 1–2$588K
Total assetsLn 16$1.1M
LiabilitiesLn 26$518K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$937K
Investment incomeLn 3$5K
Other incomeLn 4–11$4K
Total revenueLn 12$950K
Assets in detailPt X, end of year
CashLn 1$588K
Cash and savings togetherLn 1–2$588K
Land, buildings, equipmentLn 10c$288K
Other assetsLn 15$13K
Total assetsLn 16$1.1M
LiabilitiesLn 26$518K
Net assetsLn 32$540K
OperationsPt I, VI
EmployeesI 514
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$717K$588K
Land, buildings, equipmentLn 10c$217K$288K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$543K$518K
Net assetsLn 32$541K$540K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$332K$164K$168K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$28K$14K$14K
Management feesLn 11a$0
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$19K$19K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$241K$241K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$18K$18K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$230K$230K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$951K$421K$530K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $947K$913K$34K$722K 990 PDF
FY2024 $940K$1.0M−$73K$468K 990 PDF
FY2023 Viewing $950K$951K−$1K$540K 990 PDF
FY2022 Not on file
FY2021 $656K$603K$53K$718K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $950,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,050$4,230
I-9 Program service revenuePrior year $831,331$937,076
I-10 Investment incomePrior year $749$4,705
I-11 Other revenuePrior year $62,000$4,066
I-12 Total revenuePrior year $895,130$950,077
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $312,911$359,821
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $484,177$591,425
I-18 Total expensesPrior year $797,088$951,246
I-19 Revenue less expensesPrior year $98,042−$1,169
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $950,077 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,230
VIII-1h Total contributions, gifts and grants$4,230
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $937,076$937,076
VIII-3 Investment incomeUnrelated business $4,705$4,705
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $4,066$4,066
VIII-12 Total revenueRelated to mission $937,076 · Unrelated business $8,771$950,077
Part IX · Statement of functional expenses $951,246 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $163,647 · Management $168,000$331,647
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $13,805 · Management $14,369$28,174
IX-11a Management fees$0
IX-11b Legal feesPrograms $8,588$8,588
IX-11c Accounting feesManagement $12,500$12,500
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $18,669$18,669
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $240,936$240,936
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $5,185$5,185
IX-20 InterestManagement $17,709$17,709
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $39,102$39,102
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $229,933$229,933
IX-24e All other expensesManagement $18,803$18,803
IX-25 Total functional expensesPrograms $421,158 · Management $530,088 · Fundraising $0$951,246
Part X · Balance sheet $1,058,229 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $716,981$588,354
X-4 Accounts receivableStart of year $143,524$168,705
X-10c Land, buildings and equipment, netStart of year $216,733$288,070
X-15 Other assetsStart of year $7,400$13,100
X-16 Total assetsStart of year $1,084,638$1,058,229
X-17 Accounts payable and accrued expensesStart of year $2,236$6,651
X-19 Deferred revenueStart of year $37,808$17,400
X-25 Other liabilitiesStart of year $503,108$493,861
X-26 Total liabilitiesStart of year $543,152$517,912
X-32 Total net assets or fund balancesStart of year $541,486$540,317
X-33 Total liabilities and net assetsStart of year $1,084,638$1,058,229
Part XI · Reconciliation of net assets $540,317 net assets at year end
XI-1 Total revenue$950,077
XI-2 Total expenses$951,246
XI-3 Revenue less expenses−$1,169
XI-4 Net assets at start of year$541,486
XI-10 Net assets at end of year$540,317

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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