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Nonprofiteer
← CAREER EDVANTAGE

Form 990 for tax year 2022

Filed by CAREER EDVANTAGE.

Totals

Total revenue
$2,970,201
Total expenses
$1,989,486
Contributions and grants received
$2,902,905
Grants paid
$116,291
Program service revenue
$0
Investment income
$50,002
Other revenue
$17,294
Total assets, end of year
$3,435,046
Total liabilities, end of year
$46,227
Net assets or fund balances, end of year
$3,388,819
Program services expenses (Part IX)
$1,435,847
Management and general expenses
$553,639
Fundraising expenses
$0
Program service expenses (Part III)
$1,435,847

Program services were 72.2% 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)

    $31,183

  • 1f · All other contributions, gifts and grants

    $2,871,722

  • 3 · Investment income

    total $50,002 · excluded $50,002

  • 11a · Other revenue: OTHER INCOME

    total $17,294 · excluded $17,294

  • 11e · Other revenue, total

    $17,294

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $116,291 · program services $116,291

  • 5 · Compensation of officers, directors and key employees

    total $337,836 · program services $168,918 · management and general $168,918

  • 7 · Other salaries and wages

    total $953,663 · program services $805,196 · management and general $148,467

  • 11a · Fees: management

    total $216,000 · program services $172,800 · management and general $43,200

  • 11g · Fees: other

    total $68,764 · program services $24,694 · management and general $44,070

  • 12 · Advertising and promotion

    total $18,710 · management and general $18,710

  • 13 · Office expenses

    total $53,082 · management and general $53,082

  • 16 · Occupancy

    total $58,297 · program services $23,416 · management and general $34,881

  • 20 · Interest

    total $3,139 · management and general $3,139

  • 22 · Depreciation, depletion and amortization

    total $24,398 · management and general $24,398

  • 24a · Other expenses: STUDENT SUPPORT

    total $67,912 · program services $67,912

  • 24b · Other expenses: SUPPLIES / OTHER PROGRA

    total $44,973 · program services $44,973

  • 24c · Other expenses: RECOGNITION AND EVENTS

    total $14,774 · management and general $14,774

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $6,057 · program services $6,057

  • 24e · All other expenses

    total $5,590 · program services $5,590

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,427,056 · end of year $3,362,093

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

    $125,839

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

    $52,886

  • 10c · Land, buildings and equipment, net

    beginning of year $43,778 · end of year $72,953

  • 23 · Secured mortgages and notes payable

    beginning of year $60,000 · end of year $46,227

  • 25 · Other liabilities

    beginning of year $2,730 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,396,572 · end of year $3,351,521

  • 28 · Net assets with donor restrictions

    beginning of year $11,532 · end of year $37,298

Mission and programs · 2022

Mission

TO PROVIDE AN AVENUE OF SUCCESS FOR DES MOINES AND SOUTHWEST IOWA AREA STUDENTS OF HOPE AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH POST-SECONDARY TRAINING UP TO AND INCLUDING AN ASSOCIATE'S DEGREE OR FULL-TIME EMPLOYMENT.

Activities or mission (Part I)

AVENUE SCHOLARS IOWA'S PRIMARY GOAL IS TO ENSURE CAREERS FOR STUDENTS IN NEED THROUGH EDUCATION/TRAINING AND SUPPORTIVE (SOCIALLY, ACADEMICALLY, AND FINANCIALLY) RELATIONSHIPS.

  • AVENUE SCHOLARS IOWA'S PRIMARY GOAL IS TO ENSURE CAREERS FOR STUDENTS IN NEED THROUGH EDUCATION/TRAINING AND SUPPORTIVE (SOCIALLY, ACADEMICALLY, AND FINANCIALLY) RELATIONSHIPS.

    Expenses $1,435,847 · Grants $116,291

As filed on the 2022 return.

Listed in Part VII

  • Ed May

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ken Bird

    PRESIDENT

    Total calculated
    $579,724
    From this org
    $0
    From related orgs
    $506,918
    Other
    $72,806
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,918 related
    Bonus
    $0 + $125,000 related
    Other
    $0
    Deferred
    $0 + $45,750 related
    Nontaxable benefits
    $0 + $27,056 related
    Filer's total
    $0 + $579,724 related

  • Michael Alvano

    VP/TREASURER/SECRETARY

    Total calculated
    $306,235
    From this org
    $0
    From related orgs
    $250,449
    Other
    $55,786
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,949 related
    Bonus
    $0 + $30,500 related
    Other
    $0
    Deferred
    $0 + $29,624 related
    Nontaxable benefits
    $0 + $26,162 related
    Filer's total
    $0 + $306,235 related

  • Cara Cool-Trede

    EXECUTIVE DIRECTOR (SWIA)

    Total calculated
    $174,034
    From this org
    $131,768
    From related orgs
    $0
    Other
    $42,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,768
    Bonus
    $0
    Other
    $0
    Deferred
    $14,479
    Nontaxable benefits
    $27,787
    Filer's total
    $174,034

  • Noelle Nelson

    EXECUTIVE DIRECTOR (DSM)

    Total calculated
    $133,121
    From this org
    $108,294
    From related orgs
    $0
    Other
    $24,827
    Hours/week
    40

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202411929349301756

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