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Nonprofiteer
← BELIEVE IN STUDENTS INC

Form 990 for tax year 2024

Filed by BELIEVE IN STUDENTS INC.

Totals

Total revenue
$1,082,848
Total expenses
$762,685
Contributions and grants received
$1,075,169
Grants paid
$0
Program service revenue
$0
Investment income
$7,679
Other revenue
$0
Total assets, end of year
$619,750
Total liabilities, end of year
$12,868
Net assets or fund balances, end of year
$606,882
Program services expenses (Part IX)
$618,413
Management and general expenses
$88,089
Fundraising expenses
$56,183
Program service expenses (Part III)
$618,413

Program services were 81.1% 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.

  • 1e · Government grants (contributions)

    $33,323

  • 1f · All other contributions, gifts and grants

    $1,041,846

  • 3 · Investment income

    total $7,679 · excluded $7,679

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,940 · program services $99,815 · management and general $5,754 · fundraising $7,371

  • 7 · Other salaries and wages

    total $264,481 · program services $233,747 · management and general $13,474 · fundraising $17,260

  • 9 · Other employee benefits

    total $40,218 · program services $34,122 · management and general $3,548 · fundraising $2,548

  • 10 · Payroll taxes

    total $29,294 · program services $26,056 · management and general $1,238 · fundraising $2,000

  • 11b · Fees: legal

    total $20,011 · program services $2,545 · management and general $17,466

  • 11c · Fees: accounting

    total $19,536 · management and general $19,536

  • 11f · Fees: investment management

    total $150 · program services $150

  • 11g · Fees: other

    total $49,171 · program services $22,500 · fundraising $26,671

  • 13 · Office expenses

    total $9,284 · program services $277 · management and general $8,674 · fundraising $333

  • 16 · Occupancy

    total $3,300 · management and general $3,300

  • 17 · Travel

    total $5,372 · program services $4,677 · management and general $695

  • 23 · Insurance

    total $1,689 · management and general $1,689

  • 24a · Other expenses: STIPENDS

    total $96,894 · program services $96,894

  • 24b · Other expenses: STUDENT DISTRIBUTIONS

    total $85,335 · program services $85,335

  • 24c · Other expenses: MARKETING

    total $21,886 · program services $10,800 · management and general $11,086

  • 24d · Other expenses: PRODUCTION COSTS

    total $3,124 · program services $1,495 · management and general $1,629

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,338 · end of year $14,420

  • 2 · Savings and temporary cash investments

    beginning of year $38,921 · end of year $33,692

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $291,966

  • 7 · Other notes and loans receivable

    beginning of year $10,000 · end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,364 · end of year $11,035

  • 11 · Investments: publicly traded securities

    beginning of year $140,604 · end of year $258,637

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,011 · end of year $12,868

  • 27 · Net assets without donor restrictions

    beginning of year $74,237 · end of year -$20,314

  • 28 · Net assets with donor restrictions

    beginning of year $211,979 · end of year $627,196

Mission and programs · 2024

Mission

TO ADDRESS BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS AND PROMOTE COLLEGE ATTAINMENT BY DEVELOPING AND SUPPORTING INNOVATIVE, SUSTAINABLE, AND EFFECTIVE SOLUTIONS THAT CAN SCALE TO MEET WIDESPREAD DEMAND.

Activities or mission (Part I)

TO PROVIDE COLLEGE STUDENTS STRUGGLING WITH BASIC NEEDS INSECURITY WITH RESOURCES AND SUPPORT.

  • #REALCOLLEGE - BIS IS THE ORGANIZATIONAL HOME OF THE #REAL COLLEGE MOVEMENT, A NATIONAL EFFORT TO RAISE AWARENESS OF BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS AND REDEFINE WHAT IT MEANS TO BE A STUDENT-READY COLLEGE. THE ORGANIZATION DEVELOPS EDUCATIONAL TOOLS AND RESOURCES TO EDUCATE AND EMPOWER FACULTY, STAFF, AND ADMINISTRATORS IN HIGHER EDUCATION TO DEVELOP AND EXECUTE STRATEGIES TO BETTER ADDRESS STUDENTS' BASIC NEEDS IN A WAY THAT WILL INCREASE PERSISTENCE AND GRADUATION. IN 2024, BIS LAUNCHED THE FIRST FOUR COURSES IN THE #REALCOLLEGE CURRICULUM, ON ONLINE RESOURCE FOR EDUCATORS TO BETTER UNDERSTAND WHY BASIC NEEDS INSECURITY EXISTS AND HOW TO ADDRESS IT TO BE USED BY NEARLY 100 FACULTY, STAFF, AND HIGHER EDUCATION ADMINISTRATORS.

    Expenses $246,489

  • GREAT LAKES CONSORTIUM - THE GREAT LAKES FAST FUND CONSORTIUM IS MADE UP OF SIX FAST FUND SITES IN ILLINOIS AND WISCONSIN WHO HAVE FORMED A COLLABORATION TO PURSUE SYSTEMIC CHANGE. BELIEVE IN STUDENTS HAS LED THIS GROUP TO RUN A PAID STUDENT FELLOWSHIP TO TRAIN AND SUPPORT IMPACTED STUDENTS TO SERVE AS LEADERS IN THIS WORK, AND ORGANIZE FACULTY, STAFF, AND STUDENTS TO ADVOCATE FOR CAMPUS POLICY AND PRACTICE CHANGES. IN 2024, THE ORGANIZATION SUPPORTED 22 STUDENT FELLOWS (10 IN SPRING, 12 IN FALL) AS THEY DEVELOPED SKILLS; BUILT RELATIONSHIPS AMONG FACULTY, STAFF, AND STUDENTS; AND CREATED COALITIONS AMONG OTHER STUDENT GROUPS.

    Expenses $225,446

  • FAST FUND NETWORK - THE FAST FUND IS THE ORGANIZATION'S FLAGSHIP PROGRAM, WHERE SMALL-DOLLAR, FLEXIBLE EMERGENCY AID GRANTS ARE PROVIDED TO STUDENTS TO ADDRESS IMMEDIATE BASIC NEEDS CHALLENGES THAT THREATEN THEIR ABILITY TO STAY IN SCHOOL. THE ORGANIZATION DOES THIS BY ORGANIZING A NETWORK OF FACULTY ON CAMPUSES ACROSS THE COUNTRY WHO SERVE AS VOLUNTEER PROGRAM LEADERS TO ENGAGE FACULTY, STAFF, AND IMPACTED STUDENTS IN ADDRESSING STUDENT BASIC NEEDS INSECURITY, INCLUDING DISSEMINATING EMERGENCY GRANTS FROM FUNDS RAISED THROUGH BIS AND OTHERS. IN 2024, BIS COORDINATED AND SUPPORTED 30 FAST FUND LEADERS ACROSS THE COUNTRY TO RAISE AND DISTRIBUTE $771,545 TO 2,384 STUDENTS. THIS IS A 21% INCREASE IN STUDENTS SERVED, AND A 43% INCREASE IN FUNDS DISTRIBUTED OVER THE PRIOR YEAR. THE ORGANIZATION HAS MADE INVESTMENTS IN IMPROVING THE INFRASTRUCTURE OF SUPPORTS IT PROVIDES TO THE VOLUNTEER FAST FUND LEADERS, FOCUSED ON INCREASING EFFICIENCY FOR VOLUNTEER LEADERS AND IMPROVING THEIR ABILITY TO RAISE LOCAL FUNDS.

    Expenses $137,788

  • GATHER FOOD HALL IS A SOCIAL ENTERPRISE TO COMBAT FOOD INSECURITY AMONG COLLEGE STUDENTS BY UTILIZING A PAY-WHAT-YOU-CAN MODEL THAT PROVIDES VOUCHERS FOR STUDENTS WHO NEED EXTRA SUPPORT AND HELPING THE COMMUNITY BETTER UNDERSTAND THESE ISSUES. BIS HAS BEEN WORKING WITH A GROUP OF PARTNERS TO IDENTIFY PEOPLE WHO WOULD OWN AND OPERATE THE FOOD HALL, WHILE THE ORGANIZATION WOULD FOCUS ON THE SOCIAL MISSION OF ADDRESSING COLLEGE FOOD INSECURITY AS A NONPROFIT PARTNER TO THE EFFORT. 2024 WAS A MILESTONE YEAR, AS AN AGREEMENT WAS REACHED FOR THE FOOD HALL TO BE BUILT BY BRANDYWINE REALTY AND OPERATED BY HOSPITALITY HQ, BROUGHT TOGETHER A SERIES OF PARTNERS TO HELP LEARN FROM PAST FAILURES IN MODELS LIKE THIS, AND GENERATE A CONCEPT THAT CAN BE SUSTAINABLE WHILE ADDRESSING THE SOCIAL GOOD. THE ORGANIZATION BEGAN FOCUSING ON ESTABLISHING THE PROGRAM OF PROVIDING MEALS, THE EDUCATIONAL CAMPAIGN TO EDUCATE GATHER'S PATRONS ABOUT THESE ISSUES, AND RAISING FUNDS TO SUPPORT STUDENT MEALS.

    Expenses $8,690

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

Listed in Part VII

  • Jesse Thompson

    BOARD VICE CHAIR (UNTIL 12.12.24); BOARD CHAIR (AS

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Binswanger

    BOARD CHAIR (UNTIL 12.12.24); BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Bill Kiolbasa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Dr Elizabeth Vaquera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Kristen Durkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Liz Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Mark Hays

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Rene Bryce-Laporte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Stephanie Owens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.33
  • Traci Kirtley

    EXECUTIVE DIRECTOR

    Total calculated
    $127,470
    From this org
    $112,940
    From related orgs
    $0
    Other
    $14,530
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349315062

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