Form 990 for tax year 2024

Totals

Total revenue

$2,794,142

Total expenses

$2,520,719

Contributions and grants received

$2,463,998

Grants paid

$259,750

Program service revenue

$257,000

Investment income

$73,144

Other revenue

$0

Total assets, end of year

$4,082,741

Total liabilities, end of year

$148,348

Net assets or fund balances, end of year

$3,934,393

Program services expenses (Part IX)

$1,998,815

Management and general expenses

$379,076

Fundraising expenses

$142,828

Program service expenses (Part III)

$1,998,815

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• SEE SCHEDULE OCALIFORNIA COMPETES ADVANCES EQUITABLE POSTSECONDARY OPPORTUNITIES AND A JUST AND INCLUSIVE ECONOMY BY INFLUENCING SYSTEMS-LEVEL CHANGE FOR UNDERSERVED CALIFORNIANS. IN FY24, CALIFORNIA COMPETES MADE SIGNIFICANT PROGRESS BY PURSUING A RANGE OF STRATEGIES, FROM PROMOTING ACCESS AND SUCCESS FOR ADULT LEARNERS TO ALIGNING HIGHER EDUCATION WITH WORKFORCE NEEDS, ADVANCING A MORE AGILE AND INNOVATIVE HIGHER EDUCATION SYSTEM, AND CONTRIBUTING TO COORDINATED POLICY DEVELOPMENT AND IMPLEMENTATION. IN OUR WORK TO ADVANCE COLLEGE ACCESS AND SUCCESS FOR ADULTS, WE CO-LED THE CALIFORNIA ALLIANCE FOR STUDENT PARENT SUCCESS, A STATEWIDE COALITION TO SUPPORT STUDENTS WITH DEPENDENT CHILDREN. THROUGH THIS COALITION, WE SPONSORED OUR FIRST BILL, THE GAINS FOR STUDENT PARENTS ACT (AB 2458) (AND SECURED ITS PASSAGE IN SEPTEMBER 2024) TO IMPROVE FINANCIAL AID ACCESS FOR STUDENT PARENTS AND DATA COLLECTION PRACTICES SO COLLEGES CAN BETTER IDENTIFY THE STUDENT PARENTS THEY SERVE. IN PARTNERSHIP WITH CALIFORNIAATTAIN!'S NETWORK OF HIGHER EDUCATION INSTITUTIONS, WE ALSO CONDUCTED RESEARCH THAT FOCUSED ON IDENTIFYING AND REMOVING BARRIERS TO RE-ENROLLMENT FOR CALIFORNIANS WITH SOME COLLEGE BUT NO CREDENTIAL, ENSURING THEY CAN ACCESS EDUCATIONAL OPPORTUNITIES AND ECONOMIC MOBILITY. TO STRENGTHEN WORKFORCE ALIGNMENT, WE FACILITATED STRATEGIC COLLABORATION AMONG COMMUNITY COLLEGES IN LOS ANGELES COUNTY AND LOCAL COUNTY GOVERNMENT OFFICIALS, FOSTERING A CROSS-SECTOR CULTURE TO BOOST CAREER READINESS. OUR EFFORTS IN PROMOTING A MORE AGILE AND INNOVATIVE HIGHER EDUCATION FOR THE STATE ADVANCED THROUGH OUR CALIFORNIA HIGHER EDUCATION POLICY INSTITUTE FOR LEGISLATIVE STAFF AND A SERIES OF EVENTS DURING THE WORLD'S LARGEST EDUCATION TECHNOLOGY CONFERENCE. THROUGH THESE ACTIVITIES, WE PROVIDED RESEARCH-BASED INSIGHTS AND CREATED SPACES FOR POLICYMAKERS, LEADERS, AND THEIR STAFF TO THINK CRITICALLY ON THE KEY ISSUES FACING THE STATE'S HIGHER EDUCATION AND WORKFORCE SYSTEMS AND SHARE IDEAS FOR REFORM. THROUGH EVENTS LIKE THIS, WE AIM TO CONTRIBUTE TO INFORMED DECISION-MAKING TOWARDS RESHAPING SYSTEMS TO BETTER SERVE CALIFORNIANS. IN THE REALM OF COORDINATED POLICY SETTING AND IMPLEMENTATION, WE ADVISED THE GOVERNOR'S OFFICE ON STRENGTHENING STRUCTURES TO PROMOTE COHESIVE AND EFFECTIVE POLICY IMPLEMENTATION. ADDITIONALLY, WE PLAYED A PIVOTAL ROLE AS LEAD ADVOCATE FOR AND ADVISOR TO THE CALIFORNIA CRADLE-TO-CAREER DATA SYSTEM (C2C). WITH CALIFORNIA COMPETES CEO ACTIVELY SERVING ON THE C2C GOVERNING BOARD AS A LEGISLATIVE APPOINTEE, WE'VE PROVIDED THOUGHT LEADERSHIP TO SHAPE DISCUSSIONS FOR PRODUCTIVE MEETINGS AND ADVANCED C2C'S DEVELOPMENT. WE ALSO IMPROVED HOLISTIC STUDENT SUPPORT THROUGH THE REFINEMENT OF STUDENT HOUSING POLICIES AND THE LAUNCH OF THE PUBLIC BENEFIT FINDER FOR CALIFORNIA STUDENTS, OUR NEW USER-FRIENDLY TOOL WHICH HELPS STUDENTS AND THEIR SUPPORTERS FIND THE RESOURCES TO WHICH THEY'RE ENTITLED.

  Expenses $1,998,815 · Grants $259,750 · Revenue $257,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• THE EDUCATION TRUST INC

  $259,750

  STUDENT PARENT COALITION

Provenance

Return type

form_990

Tax year

2024

Filed

4 May 2026

IRS schema version

2024v5.5

Source object

202611259349301766

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