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Nonprofiteer
← COLLEGE FOR CERTAIN INC

Form 990 for tax year 2024

Filed by COLLEGE FOR CERTAIN INC.

Totals

Total revenue
$14,320,441
Total expenses
$19,196,057
Contributions and grants received
$0
Grants paid
$2,720,711
Program service revenue
$13,406,746
Investment income
$913,695
Other revenue
$0
Total assets, end of year
$228,141,259
Total liabilities, end of year
$218,504,276
Net assets or fund balances, end of year
$9,636,983
Program services expenses (Part IX)
$19,196,057
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,196,057

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $13,406,746 · related or exempt $13,406,746

  • 3 · Investment income

    total $913,695 · excluded $913,695

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,720,711 · program services $2,720,711

  • 20 · Interest

    total $9,241,144 · program services $9,241,144

  • 22 · Depreciation, depletion and amortization

    total $7,234,202 · program services $7,234,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,735,835 · end of year $28,115,184

  • 4 · Accounts receivable

    beginning of year $25,012 · end of year $126,246

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

    $242,189,325

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

    $58,986,618

  • 10c · Land, buildings and equipment, net

    beginning of year $188,182,451 · end of year $183,202,707

  • 15 · Other assets

    beginning of year $17,861,361 · end of year $16,697,122

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,103,303 · end of year $2,739,806

  • 20 · Tax-exempt bond liabilities

    beginning of year $201,793,757 · end of year $212,074,470

  • 25 · Other liabilities

    beginning of year $17,395,000 · end of year $3,690,000

  • 27 · Net assets without donor restrictions

    beginning of year $14,512,599 · end of year $9,636,983

Mission and programs · 2024

Mission

TO SUPPORT ASPIRE PUBLIC SCHOOLS, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.

  • COLLEGE FOR CERTAIN, INC. FACILITATED AND SUPPORTED THE DEVELOPMENT OF CHARTER SCHOOLS FOR ASPIRE PUBLIC SCHOOLS. THE ORGANIZATION IS THE SOLE OWNER AND PARENT OF TWO LLCS: COLLEGE FOR CERTAIN, LLC, AND COLLEGE FOR CERTAIN II, LLC, BOTH OF WHICH HOLD TITLE, MANAGE, OPERATE, AND LEASE PROPERTIES WHERE ASPIRE PUBLIC SCHOOLS OPERATES ITS CHARTER SCHOOLS.

    Expenses $19,196,057 · Grants $2,720,711 · Revenue $13,406,746

As filed on the 2024 return.

Listed in Part VII

  • Mala Batra

    PRESIDENT

    Total calculated
    $410,738
    From this org
    $0
    From related orgs
    $300,361
    Other
    $110,377
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,010 related
    Bonus
    $0 + $1,000 related
    Other
    $0 + $351 related
    Deferred
    $0 + $80,334 related
    Nontaxable benefits
    $0 + $30,043 related
    Filer's total
    $0 + $410,738 related

  • Mary Cha-Caswell

    COO

    Total calculated
    $310,093
    From this org
    $0
    From related orgs
    $253,042
    Other
    $57,051
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,388 related
    Bonus
    $0 + $12,743 related
    Other
    $0 + $911 related
    Deferred
    $0 + $40,527 related
    Nontaxable benefits
    $0 + $16,524 related
    Filer's total
    $0 + $310,093 related

  • Michael Wimbish

    TREASURER

    Total calculated
    $315,962
    From this org
    $0
    From related orgs
    $232,488
    Other
    $83,474
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,820 related
    Bonus
    $0 + $667 related
    Other
    $0 + $7,001 related
    Deferred
    $0 + $47,304 related
    Nontaxable benefits
    $0 + $36,170 related
    Filer's total
    $0 + $315,962 related

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

The filer's explanations (Part III)

PART I, LINE 3
COLLEGE FOR CERTAIN RELIED ON ASPIRE PUBLIC SCHOOLS, A RELATED ORGANIZATION, WHICH USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: EXECUTIVE COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, CONSULTATION WITH THE BOARD CHAIR, AND APPROVAL BY THE BOARD OF DIRECTORS.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COLLEGE FOR CERTAIN LLC

    HOLDS TITLE, MANAGES, OPERATES, LEASES PROPERTIES FOR ASPIRE PUBLIC SCHOOLS · CA · income -$3,433,044 · assets $209,894,221

    Directly controlled by COLLEGE FOR CERTAIN INC

  • COLLEGE FOR CERTAIN II LLC

    HOLDS TITLE, MANAGES, OPERATES, LEASES PROPERTIES FOR ASPIRE PUBLIC SCHOOLS · CA · income -$1,442,572 · assets $38,623,963

    Directly controlled by COLLEGE FOR CERTAIN INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349314950

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