Form 990 for tax year 2023

Totals

Total revenue

$25,019,187

Total expenses

$22,426,717

Contributions and grants received

$23,809,919

Grants paid

$12,903,842

Program service revenue

$788,562

Investment income

$420,706

Other revenue

$0

Total assets, end of year

$18,494,062

Total liabilities, end of year

$2,211,951

Net assets or fund balances, end of year

$16,282,111

Program services expenses (Part IX)

$19,631,635

Management and general expenses

$1,930,657

Fundraising expenses

$864,425

Program service expenses (Part III)

$19,631,635

Program services were 87.5% 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.

Mission and programs · 2023

• LAUNCHED IN 2005 WITH JUST 14 ADVISERS SERVING 2,500 STUDENTS IN VIRGINIA, THE NATIONAL ORGANIZATION ESTIMATES THAT AROUND 950,000 STUDENTS AT SCHOOLS WITH A CAC ADVISER HAVE SINCE ENROLLED IN EITHER A TWO-YEAR OR FOUR-YEAR COLLEGE. CAC IS WELL ON ITS WAY TO REACHING ITS GOAL OF SUPPORTING 1 MILLION STUDENTS IN ACCESSING A COLLEGE EDUCATION BY THE ORGANIZATION'S TWENTIETH ANNIVERSARY YEAR IN 2025-26. EARLY INVESTMENT IN VIRTUAL ADVISING (SINCE 2015), HYBRID ADVISING (SINCE 2019), AND CHATBOT-POWERED ADVISING (SINCE 2020) HAS HELPED SOLIDIFY CAC'S EXPERTISE IN OFFERING NIMBLE, ADAPTABLE, AND INTEGRATED ADVISING MODELS TO ADDRESS THE WIDE-RANGING NEEDS OF STUDENTS AND EDUCATION SYSTEMS TODAY.

  Expenses $19,631,635 · Grants $12,903,842 · Revenue $788,562

• CAC ALSO HELPS STUDENTS DIFFERENT THAN OTHER COLLEGE ACCESS ORGANIZATIONS. CAC BELIEVES THAT EDUCATIONAL EQUITY MEANS THAT 100% OF HIGH SCHOOL STUDENTS DESERVE PERSONALIZED GUIDANCE SO THEY CAN IDENTIFY THEIR BEST CAREER PATH. CAC PROVIDES WHOLE-SCHOOL, WRAP-AROUND COLLEGE AND CAREER SERVICES TO ALL STUDENTS AND THEIR FAMILIES EVEN BEFORE SENIOR YEAR, RATHER THAN FOCUSING ON A SMALL COHORT OF TOP-PERFORMING, COLLEGE-BOUND SENIORS. CAC'S "BEST MATCH/BEST FIT" MODEL MEETS STUDENTS WHERE THEY ARE, HELPING THEM TO IDENTIFY AND MATRICULATE AT INSTITUTIONS THAT REPRESENT A GOOD ACADEMIC MATCH AND A GOOD FINANCIAL, SOCIAL, AND CULTURAL FIT, SO THEY ARE WELL PREPARED TO PERSIST AND GRADUATE WITH MINIMAL DEBT.ROUGHLY 90% OF THE SENIORS CAC SERVES GRADUATE FROM HIGH SCHOOL AND ABOUT HALF WILL ENROLL IN COLLEGE IN THE IMMEDIATE FALL SEMESTER AFTER GRADUATION. SLIGHTLY MORE THAN HALF OF THESE STUDENTS MATRICULATE AT A 4-YEAR COLLEGE. WITHIN FIVE YEARS, ANOTHER 7-8% OF THOSE HS GRADUATES EVENTUALLY ENROLL IN COLLEGE AND MOST ATTEND A TWO-YEAR INSTITUTION.

• IN THE 2023-24 ACADEMIC YEAR, CAC PARTNERED WITH 33 COLLEGES AND UNIVERSITIES TO TRAIN AND PLACE 801 CAC ADVISERS IN NEARLY 800 HIGH SCHOOLS ACROSS 16 STATES. COLLECTIVELY, OUR ADVISERS SERVED ABOUT 225,000 STUDENTS IN GRADES 9-11, MOST OF THEM SENIORS. CAC ADVISERS ALSO PROMOTE ECONOMIC MOBILITY BY ESTABLISHING A COLLEGE-GOING CULTURE AT THESE SCHOOLS POSITIVELY AFFECTING MORE THAN 800,000 STUDENTS THEY ENROLLED THIS PAST SCHOOL YEAR.OF THE STUDENTS WE SERVE, ABOUT TWO IN EVERY THREE ARE ELIGIBLE FOR FREE OR REDUCED-PRICE LUNCH. CLOSE TO 40% OF CAC SERVED SCHOOLS ARE IN EITHER URBAN AREAS OR SUBURBS AND TOWNS, WHILE THE REST ARE CONSIDERED RURAL. STUDENT DEMOGRAPHICS INCLUDED: 45% HISPANIC, 29% WHITE, NON-HISPANIC; 18% BLACK OR AFRICAN-AMERICAN; 4% ASIAN OR PACIFIC ISLANDER; 3% MULTI-OR BIRACIAL; AND 1% NATIVE AMERICAN OR ALASKAN NATIVE. LAST YEAR ALONE, CAC ADVISERS HELPED THESE HIGH SCHOOL GRADUATES TO SECURE OVER $1 BILLION IN FINANCIAL AID AND SCHOLARSHIPS.

As filed on the 2023 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

• UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

  $1,871,293

  COLLEGE ADVISING PROGRAM OPERATIONS

• NORTH CAROLINA STATE UNIVERSITY (NC STATE)

  $994,750

  COLLEGE ADVISING PROGRAM OPERATIONS

• FRANKLIN & MARSHALL COLLEGE

  $902,728

  COLLEGE ADVISING PROGRAM OPERATIONS

• UNIVERSITY OF SOUTHERN CALIFORNIA

  $865,170

  COLLEGE ADVISING PROGRAM OPERATIONS

• UNIVERSITY OF CALIFORNIA BERKELEY

  $807,161

  COLLEGE ADVISING PROGRAM OPERATIONS

• UNIVERSITY OF CALIFORNIA LOS ANGELES

  $764,870

  COLLEGE ADVISING PROGRAM OPERATIONS

• TEXAS A & M UNIVERSITY (TA&M)

  $711,838

  COLLEGE ADVISING PROGRAM OPERATIONS

• UNIVERSITY OF GEORGIA RESEARCH FOUNDATION

  $587,691

  COLLEGE ADVISING PROGRAM OPERATIONS

• BOSTON UNIVERSITY

  $447,906

  COLLEGE ADVISING PROGRAM OPERATIONS

• DUKE UNIVERSITY

  $434,329

  COLLEGE ADVISING PROGRAM OPERATIONS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

12 November 2024

IRS schema version

2023v5.1

Source object

202413199349301616

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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