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Nonprofiteer
← BELIEVE IN STUDENTS INC

Form 990 for tax year 2022

Filed by BELIEVE IN STUDENTS INC.

Totals

Total revenue
$567,193
Total expenses
$1,047,838
Contributions and grants received
$409,829
Grants paid
$0
Program service revenue
$150,901
Investment income
$6,463
Other revenue
$0
Total assets, end of year
$862,473
Total liabilities, end of year
$277,322
Net assets or fund balances, end of year
$585,151
Program services expenses (Part IX)
$892,974
Management and general expenses
$129,675
Fundraising expenses
$25,189
Program service expenses (Part III)
$892,974

Program services were 85.2% 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)

    $393,889

  • 1f · All other contributions, gifts and grants

    $15,940

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $150,901 · related or exempt $150,901

  • 3 · Investment income

    total $6,463 · related or exempt $6,463

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $116,383 · program services $104,507 · management and general $8,393 · fundraising $3,483

  • 7 · Other salaries and wages

    total $174,089 · program services $156,324 · management and general $12,554 · fundraising $5,211

  • 13 · Office expenses

    total $12,401 · program services $3,833 · management and general $5,101 · fundraising $3,467

  • 16 · Occupancy

    total $3,613 · management and general $2,413 · fundraising $1,200

  • 17 · Travel

    total $7,999 · program services $1,935 · management and general $6,064

  • 23 · Insurance

    total $415 · management and general $415

  • 24a · Other expenses: STUDENT DISTRIBUTIONS

    total $290,962 · program services $290,962

  • 24b · Other expenses: PROGRAM DESIGN & DELIVERY

    total $199,921 · program services $197,587 · management and general $2,334

  • 24c · Other expenses: CONSULTANTS

    total $153,514 · program services $85,841 · management and general $65,401 · fundraising $2,272

  • 24d · Other expenses: PROFESSIONAL SERVICES

    total $84,876 · program services $49,910 · management and general $25,560 · fundraising $9,406

  • 24e · All other expenses

    total $3,665 · program services $2,075 · management and general $1,440 · fundraising $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95,936 · end of year $110,275

  • 2 · Savings and temporary cash investments

    beginning of year $208,161 · end of year $23,165

  • 3 · Pledges and grants receivable

    end of year $370,784

  • 7 · Other notes and loans receivable

    end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,964 · end of year $3,471

  • 11 · Investments: publicly traded securities

    beginning of year $825,296 · end of year $344,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,584 · end of year $277,322

  • 27 · Net assets without donor restrictions

    beginning of year $125,379 · end of year $153,598

  • 28 · Net assets with donor restrictions

    beginning of year $947,394 · end of year $431,553

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

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

  • EMERGENCY AID: SINCE OUR INCEPTION, BELIEVE IN STUDENTS HAS FOCUSED ON GETTING EMERGENCY AID IN THE HANDS OF STUDENTS TO HELP THEM MEET BASIC LIVING EXPENSES SO THEY CAN STAY IN SCHOOL AND EARN THEIR DEGREES. IN 2022, THIS INVOLVED TWO INNOVATIVE APPROACHES: FIRST, WE PARTNERED WITH EDQUITY (NOW BEAM), A TECHNOLOGY COMPANY WHO HAS DESIGNED A UNIQUE PLATFORM SPECIFICALLY BUILT TO ADMINISTER LARGE AMOUNTS OF EMERGENCY AID QUICKLY AND EFFICIENTLY. SECOND, WE CONTINUED TO EXPAND THE WORK OF THE FAST FUND, A NETWORK OF FACULTY-LED EMERGENCY AID PROGRAMS AROUND THE COUNTRY THAT ARE LOCALLY DESIGNED IN ALIGNMENT WITH OUR CORE PRINCIPLES DESIGNED TO DELIVER FAST, STIGMA-FREE AID. IN ALL, WE SUPPORTED MORE THAN 1,500 STUDENTS DURING THE YEAR. IN ADDITION, WE BEGAN THE DEVELOPMENT OF A STUDENT FELLOWSHIP TO ALLOW IMPACTED STUDENTS TO DEVELOP ADVOCACY AND LEADERSHIP SKILLS TO AFFECT DEEPER SYSTEM CHANGES.

    Expenses $582,608

  • REALCOLLEGE: A MOVEMENT TO RAISE AWARENESS ABOUT WHO TODAY'S COLLEGE STUDENTS ARE AND WHY THE PREVALENCE OF BASIC NEEDS INSECURITY EXISTS TODAY. AS A LEADER OF THE REALCOLLEGE MOVEMENT, WE WORK IN PARTNERSHIP WITH OTHERS ON A VARIETY OF COMMUNICATIONS, ADVOCACY, AND RESEARCH ACTIVITIES TO SHARE STUDENT STORIES, IDENTIFY AND REPLICATE BEST PRACTICES, AND INFORM POLICYMAKERS OF THE ISSUES STUDENTS FACE TODAY. IN 2022, WE DEVELOPED TWO MAJOR REPORTS DOCUMENTING LEARNINGS ABOUT EMERGENCY AID DISTRIBUTION DURING THE PANDEMIC; WE ALSO WORKED ON A THIRD REPORT TO BE PUBLISHED IN 2023. IN ADDITION, WE PARTNERED WITH A RESEARCH ORGANIZATION TO DEVELOP AN ONLINE DASHBOARD TO HELP INSTITUTIONS UNDERSTAND THE NEEDS OF STUDENTS ON THEIR CAMPUS.

    Expenses $290,349

  • GATHER FOOD HALL: A SOCIAL ENTERPRISE PROGRAM CURRENTLY BEING DEVELOPED TO COMBAT FOOD INSECURITY AMONG COLLEGE STUDENTS BY UTILIZING A PAY-WHAT-YOU- CAN MODEL THAT WILL PROVIDE VOUCHERS FOR STUDENTS WHO NEED EXTRA SUPPORT. WE EXPECT THE GATHER FOOD HALL TO LAUNCH IN 2023.

    Expenses $20,017

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TRACI KIRTLEY

    CEO

    Total calculated
    $116,383
    From this org
    $105,936
    From related orgs
    $0
    Other
    $10,447
    Hours/week
    50

  • RICHARD BINSWANGER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR SARA GOLDRICK-RABV

    FOUNDER/MEMB

    Total calculated
    $0
    Hours/week
    1

  • MARK HAYS

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    1

  • BILL KIOLBASA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE OWENS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR ELIZABETH VAQUERA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349302692

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