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← NATIONAL COLLEGE RESOURCES FOUNDATION

Form 990 for tax year 2023

Filed by NATIONAL COLLEGE RESOURCES FOUNDATION.

Totals

Total revenue
$6,468,404
Total expenses
$7,389,562
Contributions and grants received
$698,962
Grants paid
$271,957
Program service revenue
$5,768,773
Investment income
$165
Other revenue
$504
Total assets, end of year
$1,462,407
Total liabilities, end of year
$1,405,429
Net assets or fund balances, end of year
$56,978
Program services expenses (Part IX)
$7,352,281
Management and general expenses
$0
Fundraising expenses
$37,281
Program service expenses (Part III)
$7,352,281

Program services were 99.5% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $86,025

  • 1f · All other contributions, gifts and grants

    $612,937

  • 2f · All other program service revenue

    total $5,768,773 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $165 · unrelated business $165 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $86,025

  • 11d · All other revenue

    total $504 · related or exempt $504 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $504

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,884 · program services $18,884

  • 2 · Grants to domestic individuals

    total $253,073 · program services $253,073

  • 5 · Compensation of officers, directors and key employees

    total $291,004 · program services $291,004 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $3,046,079 · program services $3,046,079 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $94,204 · program services $94,204 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $253,392 · program services $253,392 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $1,174,974 · program services $1,169,987 · management and general $0 · fundraising $4,987

  • 11b · Fees: legal

    total $8,007 · program services $8,007 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $82,986 · program services $78,992 · management and general $0 · fundraising $3,994

  • 12 · Advertising and promotion

    total $194,676 · program services $192,574 · management and general $0 · fundraising $2,102

  • 13 · Office expenses

    total $190,673 · program services $182,660 · management and general $0 · fundraising $8,013

  • 14 · Information technology

    total $39,822 · program services $39,822 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $117,409 · program services $113,659 · management and general $0 · fundraising $3,750

  • 17 · Travel

    total $785,641 · program services $785,441 · management and general $0 · fundraising $200

  • 19 · Conferences, conventions and meetings

    total $502,950 · program services $488,715 · management and general $0 · fundraising $14,235

  • 20 · Interest

    total $34,488 · program services $34,488 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $38,474 · program services $38,474 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $65,215 · program services $65,215 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $197,611 · program services $197,611 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,094,566 · end of year $285,341

  • 4 · Accounts receivable

    beginning of year $480,495 · end of year $418,183

  • 10a · Land, buildings and equipment: cost or other basis

    $547,702

  • 10b · Land, buildings and equipment: accumulated depreciation

    $217,427

  • 10c · Land, buildings and equipment, net

    beginning of year $322,483 · end of year $330,275

  • 15 · Other assets

    beginning of year $4,798 · end of year $428,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $283,244 · end of year $515,613

  • 23 · Secured mortgages and notes payable

    beginning of year $575,842 · end of year $500,000

  • 24 · Unsecured notes and loans payable

    end of year $389,816

  • 27 · Net assets without donor restrictions

    beginning of year $1,043,256 · end of year $56,978

Mission and programs · 2023

Mission

PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE

  • ASSISTANCE

    Expenses $7,352,281 · Grants $271,957 · Revenue $6,468,404

As filed on the 2023 return.

Listed in Part VII

  • Corey Price

    Vice President, CAP Enterprises

    Total calculated
    $100,239
    From this org
    $100,239
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,239
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $100,239

  • Ryan Anderson

    Board President

    Total calculated
    $0
    Hours/week
    1

  • Veronica Kummerfeldt

    CEO, AAANIMO. LLC

    Total calculated
    $0
    Hours/week
    1

  • Carmelo MarKray

    CEO, ON MY OWN INC

    Total calculated
    $0
    Hours/week
    1

  • Chase Price

    FIREFIGHTER/FORMER PRO ATHLETE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Henry

    VP BATH & BODY WORKS

    Total calculated
    $0
    Hours/week
    1

  • Gloria Ponce-Rodriguez

    Manager, COLLEGE AND CAREER READINESS

    Total calculated
    $0
    Hours/week
    1

  • Vicki Tucker

    Accountanting Consultant

    Total calculated
    $0
    Hours/week
    1

  • Ruben Torres

    Assistant VP, US BANK

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Ramos

    Manager, COMERICA BANK

    Total calculated
    $0
    Hours/week
    1

  • Neal Verga

    CEO, Newport Printing Solutions

    Total calculated
    $0
    Hours/week
    1

  • Dawn Yamazi

    VP Talent Recruitment, ILLUMINATION ENTERTAINMENT

    Total calculated
    $0
    Hours/week
    1

  • Theresa A Price

    Founder/CEO

    Total calculated
    $190,765
    From this org
    $190,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,765
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,765

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

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.1
Source object
202423209349323907

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