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Nonprofiteer
← COLLEGE TRACK

Form 990 for tax year 2023

Filed by COLLEGE TRACK.

Totals

Total revenue
$62,428,658
Total expenses
$43,013,251
Contributions and grants received
$61,169,089
Grants paid
$2,109,672
Program service revenue
$0
Investment income
$1,439,974
Other revenue
-$180,405
Total assets, end of year
$110,837,685
Total liabilities, end of year
$31,336,727
Net assets or fund balances, end of year
$79,500,958
Program services expenses (Part IX)
$33,479,249
Management and general expenses
$5,769,145
Fundraising expenses
$3,764,857
Program service expenses (Part III)
$33,479,249

Program services were 77.8% 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

    $5,599,237

  • 1e · Government grants (contributions)

    $762,156

  • 1f · All other contributions, gifts and grants

    $54,807,696

  • 1g · Noncash contributions included above

    $3,117,957

  • 3 · Investment income

    total $767,294 · excluded $767,294

  • 7a · Gross sales of assets other than inventory

    securities $19,207,114 · other assets $13,479

  • 7b · Less cost or other basis and sales expenses

    securities $18,520,555 · other assets $27,358

  • 7c · Gain or loss

    securities $686,559 · other assets -$13,879

  • 7d · Net gain or loss

    total $672,680 · excluded $672,680

  • 8a · Fundraising events: gross income

    $110,700

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

    $5,599,237

  • 8b · Fundraising events: direct expenses

    $296,521

  • 8c · Net income from fundraising events

    total -$185,821 · excluded -$185,821

  • 11a · Other revenue: RENTAL INCOME

    total $5,416 · excluded $5,416

  • 11e · Other revenue, total

    $5,416

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,109,672 · program services $2,109,672

  • 5 · Compensation of officers, directors and key employees

    total $2,221,012 · program services $1,134,442 · management and general $536,429 · fundraising $550,141

  • 7 · Other salaries and wages

    total $20,606,034 · program services $16,552,434 · management and general $2,270,270 · fundraising $1,783,330

  • 8 · Pension plan contributions

    total $577,148 · program services $443,804 · management and general $66,970 · fundraising $66,374

  • 9 · Other employee benefits

    total $2,359,314 · program services $1,993,876 · management and general $168,910 · fundraising $196,528

  • 10 · Payroll taxes

    total $1,719,049 · program services $1,353,365 · management and general $204,006 · fundraising $161,678

  • 11b · Fees: legal

    total $235,500 · program services $134,235 · management and general $63,585 · fundraising $37,680

  • 11c · Fees: accounting

    total $21,595 · program services $12,309 · management and general $5,831 · fundraising $3,455

  • 11g · Fees: other

    total $1,890,261 · program services $1,077,706 · management and general $512,996 · fundraising $299,559

  • 13 · Office expenses

    total $827,270 · program services $746,673 · management and general $49,121 · fundraising $31,476

  • 14 · Information technology

    total $871,721 · program services $529,091 · management and general $305,490 · fundraising $37,140

  • 16 · Occupancy

    total $5,340,522 · program services $4,495,328 · management and general $742,479 · fundraising $102,715

  • 17 · Travel

    total $1,440,506 · program services $1,233,503 · management and general $101,246 · fundraising $105,757

  • 22 · Depreciation, depletion and amortization

    total $968,264 · program services $834,176 · management and general $134,088

  • 24a · Other expenses: OTHER GENERAL AND ADMIN

    total $1,248,901 · program services $422,648 · management and general $515,055 · fundraising $311,198

  • 24b · Other expenses: STAFF DEVELOPMENT & REC

    total $363,362 · program services $201,655 · management and general $84,211 · fundraising $77,496

  • 24c · Other expenses: FLEET AND TRANSPORTATIO

    total $213,120 · program services $204,332 · management and general $8,458 · fundraising $330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,263,292 · end of year $8,135,889

  • 2 · Savings and temporary cash investments

    beginning of year $28,319,197 · end of year $32,440,822

  • 3 · Pledges and grants receivable

    beginning of year $20,985,100 · end of year $36,807,741

  • 4 · Accounts receivable

    beginning of year $14,203 · end of year $5,237

  • 9 · Prepaid expenses and deferred charges

    beginning of year $697,413 · end of year $1,633,375

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

    $17,121,658

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

    $6,238,529

  • 10c · Land, buildings and equipment, net

    beginning of year $10,512,367 · end of year $10,883,129

  • 15 · Other assets

    beginning of year $22,862,192 · end of year $20,931,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,031,569 · end of year $3,287,005

  • 25 · Other liabilities

    beginning of year $30,666,666 · end of year $28,049,722

  • 27 · Net assets without donor restrictions

    beginning of year $37,404,238 · end of year $40,149,009

  • 28 · Net assets with donor restrictions

    beginning of year $22,551,291 · end of year $39,351,949

Mission and programs · 2023

Mission

SEE SCHEDULE O COLLEGE TRACK IS A COMPREHENSIVE COLLEGE COMPLETION PROGRAM THAT EQUIPS SCHOLARS CONFRONTING SYSTEMIC BARRIERS TO EARN A BACHELOR'S DEGREE, IN PURSUIT OF A LIFE OF OPPORTUNITY, CHOICE, PURPOSE, AND POWER. AT THE CORE OF THE PROGRAM MODEL IS A 10-YEAR COMMITMENT MADE TO EVERY SCHOLAR. THE SCHOLARS JOIN COLLEGE TRACK IN HIGH SCHOOL AND LEVERAGE THE PROGRAM TO GET TO AND THROUGH COLLEGE AND UTILIZE THE RESOURCES AND NETWORKS TO LAUNCH THEIR CAREERS. THE PROGRAM OFFERS LEADERSHIP AND ACADEMIC SKILL DEVELOPMENT, INDIVIDUALIZED AND GROUP ADVISING FOR COLLEGE PREPARATION, ACCESS AND SUCCESS, CAREER AND LIFE PLANNING, BEGINNING IN HIGH SCHOOL, AND WITH A NATIONWIDE COMMUNITY OF COLLEGE TRACK SCHOLARS, ALUMNI, AND STAFF.

Activities or mission (Part I)

COLLEGE TRACK IS A COMPREHENSIVE COLLEGE COMPLETION PROGRAM THAT EQUIPS SCHOLARS CONFRONTING SYSTEMIC BARRIERS TO EARN A BACHELOR'S DEGREE, IN PURSUIT OF A LIFE OF OPPORTUNITY, CHOICE, PURPOSE, AND POWER.

  • EQUIPPED 4,052 SCHOLARS TO ADVANCE TOWARDS BACHELOR'S DEGREES, AND PROVIDED RESOURCES TO A GROWING ALUMNI NETWORK OF 1,388 COLLEGE GRADUATES. OUR CLASS OF 2024 HIGH SCHOOL SENIORS HAD AN AVERAGE GPA AT GRADUATION OF 3.52, WITH 99% ACCEPTED INTO AT LEAST ONE FOUR-YEAR COLLEGE AND 99% MATRICULATING TO A TWO-YEAR OR FOUR-YEAR COLLEGE. 89% COLLEGE PERSISTENCE RATE FOR CLASS OF 2023. 62% OF COLLEGE TRACK SCHOLARS FROM THE CLASS OF 2018 HAVE GRADUATED WITH A BACHELOR'S DEGREE WITHIN SIX YEARS, MORE THAN 3 TIMES THE NATIONAL AVERAGE FOR FIRST-GENERATION COLLEGE SCHOLARS.

    Expenses $33,479,249 · Grants $2,109,672

As filed on the 2023 return.

Listed in Part VII

  • Powell Jobs Laurene

    CHAIR AND CO-FOUNDER

    Total calculated
    $0
    Hours/week
    1

  • Singer David

    VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karim Omar A

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Beckwith Michael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dreyfus Andy

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • King Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Garcia Mildred

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • Fintech Lynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindo Debbra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keely Cynthia

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • Mazur Marc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kransnoff Darell L

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adams William

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zamora - Emeritus Roger

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • Sorrell Dr Michael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fasah Safia

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • Wu Timothy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Eric

    DIRECTOR UNTIL 10/23

    Total calculated
    $0
    Hours/week
    0.25

  • Ajayi Toyin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ayala Esme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Collado Shirley

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $603,872
    From this org
    $569,992
    From related orgs
    $0
    Other
    $33,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $569,440
    Bonus
    $0
    Other
    $552
    Deferred
    $24,200
    Nontaxable benefits
    $9,680
    Filer's total
    $603,872

  • Draper Karen

    CHIEF FINANCE & OPERATING OFFICER

    Total calculated
    $306,089
    From this org
    $279,668
    From related orgs
    $0
    Other
    $26,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,958
    Bonus
    $350
    Other
    $360
    Deferred
    $7,751
    Nontaxable benefits
    $18,670
    Filer's total
    $306,089

  • Ferro Rosanna

    CHIEF OF EDUCATION

    Total calculated
    $302,115
    From this org
    $271,137
    From related orgs
    $0
    Other
    $30,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,847
    Bonus
    $50
    Other
    $240
    Deferred
    $0
    Nontaxable benefits
    $30,978
    Filer's total
    $302,115

  • Embury Nicole

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $291,948
    From this org
    $274,633
    From related orgs
    $0
    Other
    $17,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,149
    Bonus
    $295
    Other
    $189
    Deferred
    $7,635
    Nontaxable benefits
    $9,680
    Filer's total
    $291,948

  • Rubie Jessica

    CHIEF OF STAFF

    Total calculated
    $277,850
    From this org
    $260,051
    From related orgs
    $0
    Other
    $17,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,814
    Bonus
    $0
    Other
    $237
    Deferred
    $9,108
    Nontaxable benefits
    $8,691
    Filer's total
    $277,850

  • Tomlinson Shria

    VICE PRESIDENT, SITE STRATEGY

    Total calculated
    $238,975
    From this org
    $212,767
    From related orgs
    $0
    Other
    $26,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,393
    Bonus
    $70
    Other
    $304
    Deferred
    $8,856
    Nontaxable benefits
    $17,352
    Filer's total
    $238,975

  • Newsome Christiana

    CHIEF PEOPLE OFFICER

    Total calculated
    $238,816
    From this org
    $197,840
    From related orgs
    $0
    Other
    $40,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,650
    Bonus
    $0
    Other
    $190
    Deferred
    $7,787
    Nontaxable benefits
    $33,189
    Filer's total
    $238,816

  • Lott Marshall V

    VP, SITE SUPPORT UNTIL 7/23

    Total calculated
    $360,436
    From this org
    $337,141
    From related orgs
    $0
    Other
    $23,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,518
    Bonus
    $410
    Other
    $213
    Deferred
    $5,303
    Nontaxable benefits
    $17,992
    Filer's total
    $360,436

  • Melczer Zoe S

    VP, PHILANTHROPIC OPERATIONS & INITIATIVES

    Total calculated
    $199,643
    From this org
    $182,297
    From related orgs
    $0
    Other
    $17,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,064
    Bonus
    $100
    Other
    $133
    Deferred
    $6,973
    Nontaxable benefits
    $10,373
    Filer's total
    $199,643

  • Negussie Robel

    VICE PRESIDENT, FINANCE

    Total calculated
    $190,366
    From this org
    $173,030
    From related orgs
    $0
    Other
    $17,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,747
    Bonus
    $150
    Other
    $133
    Deferred
    $6,963
    Nontaxable benefits
    $10,373
    Filer's total
    $190,366

  • Estrada-Feller Jennifer

    VICE PRESIDENT, UNIVERSITY RELATIONS

    Total calculated
    $182,742
    From this org
    $165,317
    From related orgs
    $0
    Other
    $17,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,187
    Bonus
    $0
    Other
    $130
    Deferred
    $0
    Nontaxable benefits
    $17,425
    Filer's total
    $182,742

  • Timmins Colin

    HR BUSINESS PARTNER I

    Total calculated
    $179,310
    From this org
    $152,157
    From related orgs
    $0
    Other
    $27,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,041
    Bonus
    $0
    Other
    $116
    Deferred
    $5,855
    Nontaxable benefits
    $21,298
    Filer's total
    $179,310

  • Brankman Joshua David

    EXE VP & COO UNTIL 3/23

    Total calculated
    $334,459
    From this org
    $321,832
    From related orgs
    $0
    Other
    $12,627
    Hours/week
    6.7

    Schedule J breakdown matched by us

    Base
    $321,642
    Bonus
    $100
    Other
    $90
    Deferred
    $2,947
    Nontaxable benefits
    $9,680
    Filer's total
    $334,459

  • De Souza Bransten Leela

    CHIEF DEV. & MKTG OFFICER UNTIL 1/23

    Total calculated
    $116,985
    From this org
    $113,846
    From related orgs
    $0
    Other
    $3,139
    Hours/week
    3.3

    Schedule J breakdown matched by us

    Base
    $78,660
    Bonus
    $35,100
    Other
    $86
    Deferred
    $508
    Nontaxable benefits
    $2,631
    Filer's total
    $116,985

  • Gutierrez Atziry

    SR DIR OF MKTG&ALUM STRAT UNTIL 6/23

    Total calculated
    $182,969
    From this org
    $171,097
    From related orgs
    $0
    Other
    $11,872
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $170,964
    Bonus
    $85
    Other
    $48
    Deferred
    $3,984
    Nontaxable benefits
    $7,888
    Filer's total
    $182,969

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 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A:
LOTT, MARSHALL V SEVERANCE PAYMENT: $208,991

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
25 April 2025
IRS schema version
2023v6.0
Source object
202501159349301345

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