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Nonprofiteer
← STUDENT U

Form 990 for tax year 2023

Filed by STUDENT U.

Totals

Total revenue
$2,728,376
Total expenses
$3,699,233
Contributions and grants received
$2,504,456
Grants paid
$0
Program service revenue
$177,927
Investment income
$45,993
Other revenue
$0
Total assets, end of year
$8,770,935
Total liabilities, end of year
$756,680
Net assets or fund balances, end of year
$8,014,255
Program services expenses (Part IX)
$2,818,506
Management and general expenses
$485,070
Fundraising expenses
$395,657
Program service expenses (Part III)
$2,818,506

Program services were 76.2% 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)

    $867,979

  • 1f · All other contributions, gifts and grants

    $1,636,477

  • 1g · Noncash contributions included above

    $31,378

  • 2a · Program service revenue: SUBLEASE - RENT

    total $177,927 · related or exempt $177,927

  • 3 · Investment income

    total $45,993 · excluded $45,993

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $238,158 · program services $181,119 · management and general $30,484 · fundraising $26,555

  • 7 · Other salaries and wages

    total $1,910,801 · program services $1,509,698 · management and general $189,839 · fundraising $211,264

  • 8 · Pension plan contributions

    total $40,891 · program services $31,077 · management and general $5,316 · fundraising $4,498

  • 9 · Other employee benefits

    total $201,572 · program services $124,432 · management and general $48,158 · fundraising $28,982

  • 10 · Payroll taxes

    total $165,810 · program services $130,460 · management and general $17,000 · fundraising $18,350

  • 11c · Fees: accounting

    total $128,916 · program services $90,058 · management and general $13,583 · fundraising $25,275

  • 11g · Fees: other

    total $173,679 · program services $137,241 · management and general $13,517 · fundraising $22,921

  • 13 · Office expenses

    total $80,977 · program services $23,706 · management and general $51,223 · fundraising $6,048

  • 14 · Information technology

    total $82,096 · program services $50,084 · management and general $23,102 · fundraising $8,910

  • 16 · Occupancy

    total $386,466 · program services $295,224 · management and general $52,051 · fundraising $39,191

  • 17 · Travel

    total $138,106 · program services $137,010 · management and general $1,096

  • 22 · Depreciation, depletion and amortization

    total $31,470 · management and general $31,417 · fundraising $53

  • 23 · Insurance

    total $35,448 · program services $26,559 · management and general $5,279 · fundraising $3,610

  • 24a · Other expenses: STUDENT PROGRAMMING OTHER

    total $36,808 · program services $36,808

  • 24b · Other expenses: DIRECT SUPPORT

    total $26,510 · program services $26,510

  • 24c · Other expenses: ORGANIZATIONAL DEVELOPMEN

    total $21,525 · program services $18,520 · management and general $3,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,403,347 · end of year $1,984,743

  • 3 · Pledges and grants receivable

    beginning of year $1,033,489 · end of year $400,000

  • 4 · Accounts receivable

    beginning of year $15,483 · end of year $10,691

  • 7 · Other notes and loans receivable

    beginning of year $5,463,290 · end of year $5,463,290

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,630 · end of year $29,630

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

    $258,332

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

    $45,022

  • 10c · Land, buildings and equipment, net

    beginning of year $145,028 · end of year $213,310

  • 14 · Intangible assets

    beginning of year $25,366 · end of year $12,013

  • 15 · Other assets

    beginning of year $808,329 · end of year $657,258

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,039 · end of year $9,746

  • 25 · Other liabilities

    beginning of year $907,889 · end of year $746,934

  • 27 · Net assets without donor restrictions

    beginning of year $7,417,322 · end of year $6,379,281

  • 28 · Net assets with donor restrictions

    beginning of year $1,546,712 · end of year $1,634,974

Mission and programs · 2023

Mission

TO EMPOWER AND EQUIP FIRST-GENERATION COLLEGE STUDENTS IN THE DURHAM PUBLIC SCHOOLS, THEIR FAMILIES AND EDUCATORS TO BECOME THE LEADERS THAT WILL TRANSFORM THE THE CITY.

  • MIDDLE SCHOOL PROGRAM: STUDENT U'S MIDDLE SCHOOL PROGRAM SERVES 150 STUDENTS AND FAMILIES IN THE DURHAM PUBLIC SCHOOLS THROUGH A 5-WEEK SUMMER ACADEMY AND DAILY AFTER-SCHOOL PROGRAMS THROUGHOUT THE SCHOOL YEAR. STUDENTS RECEIVE INSTRUCTION IN ENGLISH, MATH, SCIENCE AND GLOBAL CONNECT, AS WELL AS ELECTIVE CLASSES. DURING THE SCHOOL YEAR, STUDENTS HAVE AN OPPORTUNITY TO COMPLETE HOMEWORK, RECEIVE INDIVIDUALIZED TUTORING, AND ATTEND ELECTIVE CLASSES. FAMILIES ARE ENGAGED THROUGH MONTHLY PHONE CALLS, FAMILY CONFERENCES EACH SEMESTER, FAMILY WORKSHOPS, AND LARGER COMMUNITY DAYS THROUGHOUT THE YEAR.

    Expenses $1,023,344

  • HIGH SCHOOL PROGRAM: STUDENT U'S HIGH SCHOOL PROGRAM SERVES 200 STUDENTS AND FAMILIES IN THE DURHAM PUBLIC SCHOOLS THROUGH A 5-WEEK SUMMER ACADEMY, A TWICE-A-WEEK TUTORING PROGRAM DURING THE SCHOOL YEAR, AN IN-SCHOOL ADVOCATE, AND AN INTERNSHIP PROGRAM FOR RISING 11TH AND 12TH GRADERS. STUDENTS ATTEND MONTHLY CLUSTER MEETINGS WITH OTHER STUDENTS WHO ATTEND THEIR SCHOOL, U-PREP SATURDAYS FOR INTERACTIVE WORKSHOPS FOR BOTH STUDENTS AND FAMILIES REGARDING SUCCEEDING IN HIGH SCHOOL AND PREPARING FOR COLLEGE, AND COLLEGE-BOUND ACTIVITIES AND ADVISING IN 11TH AND 12TH GRADE.

    Expenses $784,146

  • W.G. PEARSON CENTER PARTNERSHIPS PROGRAM: IN 2017 THE W.G. PEARSON CENTER WAS ACQUIRED AND RENOVATED BY AN AFFILIATE OF THE SELF-HELP VENTURES FUND. STUDENT U BECAME THE MASTER TENANT OF THE SPACE IN 2018 AND HAS BEEN COMMITTED TO KEEPING THE CENTER A YOUTH-CENTERED SPACE THAT HOUSES ACTIVITIES AND PROGRAMS THAT ENRICH THE LIVES AND OUTCOMES OF YOUNG PEOPLE AND THEIR SURROUNDING HISTORIC HAYTI COMMUNITY. IN ORDER TO ACCOMPLISH THESE COMMITMENTS, STUDENT U SUBLEASES PORTIONS OF THE CENTER AND ITS GROUNDS TO OTHER NONPROFIT ORGANIZATIONS WHO ARE ALIGNED WITH THESE GOALS. STUDENT U HAS FURTHER PLANS TO PARTNER WITH OTHER ORGANIZATIONS TO UTILIZE THE KITCHEN SPACE TO SUPPORT MINORITY OWNED FOOD BUSINESSES WHO ACTIVELY WORK TO ADDRESS FOOD INSECURITY IN 2024.

    Expenses $361,278 · Revenue $177,927

  • COLLEGE PROGRAMMING: STUDENT U'S COLLEGE PROGRAM PROVIDES ACADEMIC, SOCIAL/EMOTIONAL, AND FINANCIAL SUPPORT FOR STUDENTS DURING THEIR YEARS IN COLLEGE. STAFF SUPPORTED 150 STUDENTS IN 2023 THROUGH IN-PERSON MEETINGS ON THEIR CAMPUS, PHONE CHECK-INS, TOPIC FOCUSED RETREATS AND CONNECTIONS TO ON-CAMPUS RESOURCES FOR EACH STUDENT. FAMILIES OF COLLEGE STUDENTS ARE SUPPORTED DURING THE ADVISING, ENROLLING, AND SENDING PERIODS THROUGH WORKSHOPS TO EDUCATE PARENTS ON THE ROAD AHEAD FOR STUDENTS AND THE WAYS THEY CAN SUPPORT THEIR CHILDREN. SHARING BEST PRACTICES: WHILE WE MAY NOT BE ABLE TO SERVE EVERY STUDENT IN DURHAM DIRECTLY, OUR ABILITY TO SHARE WHAT WE'VE LEARNED ALLOWS US TO EXPAND OUR IMPACT IN THE DURHAM AND BEYOND. THROUGH OUR SHARING BEST PRACTICES INITIATIVES, WE ARE WORKING TO MAKE SURE OUR KNOWLEDGE AND INSIGHTS ARE ACCESSIBLE TO DURHAM PUBLIC SCHOOLS, PRACTITIONERS, AND OTHER KEY STAKEHOLDERS, WHILE ALSO ENSURING OUR TEACHER ALUMNI ARE PREPARED TO TAKE ON LEADERSHIP ROLES IN OUR COMMUNITY. WE PROVIDE ADDITIONAL TRAINING AND CONSULTING TO OUR PARTNERS IN THESE KEY AREAS. STUDENT AND FAMILY ADVOCACY: STUDENT U SUPPORTS STUDENT AND FAMILY-LED ADVOCACY AND CHANGE EFFORTS IN OUR CITY AND BEYOND THROUGH ONGOING ENGAGEMENT AND REGULAR PROGRAMMING. WE DEVELOP STRATEGIC PARTNERSHIPS TO HELP PARENTS AND STUDENTS DEVELOP THE SKILLS THEY NEED TO SHAPE THEIR FUTURES.

    Expenses $649,738

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHELLE PRICE

    EXECUTIVE DI

    Total calculated
    $171,245
    From this org
    $160,000
    From related orgs
    $0
    Other
    $11,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $11,245
    Filer's total
    $171,245

  • AMY SALO

    OUTGOING COO

    Total calculated
    $88,449
    From this org
    $78,158
    From related orgs
    $0
    Other
    $10,291
    Hours/week
    40

  • ROBIN SMITH

    INCOMING COO

    Total calculated
    $31,003
    From this org
    $29,055
    From related orgs
    $0
    Other
    $1,948
    Hours/week
    40

  • VERNETTA ALSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAN BAUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • VICTORIA CHAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN CLAUSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FRANCIS DE LA CRUZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PABLO FRIEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW HICKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • IWINOSA IDAHOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • D'ATRA JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CLARENCE LANEY JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ZACK KAPLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICOLE KENDALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DANIEL KIMBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • VIRGINIA LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALYZIA MCALMON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • HENRY MCCOY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SAM MIGLARESE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JASON MUNDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LESLIE PERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DONNELL RINI-SWEYERS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • SHRUTI SHAH

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • LAUREN SHOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHANTAL STEVENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LANITA WIMBERLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KANECIA ZIMMERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202433209349304108

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