2024-02-20T12:25:25-06:00 2023-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-07-01 461192687 NATIONAL COLLEGE ADVISING CORPS INC NATI 9194426300 5540 CENTERVIEW DR PMB 41997 204 RALEIGH NC 27606 JEFFERSON PARKER CFO 9194426300 2024-02-06 1 JEFFERSON PARKER 999009999 0 JANICE A RATICA P00358837 7043338881 2024-02-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFERSON PARKER 5540 CENTERVIEW DR PMB 41997 204 RALEIGH NC 27606 21753097 0 X WWW.ADVISINGCORPS.ORG X 2013 NC TO INCREASE OPPORTUNITIES FOR STUDENTS BY MAKING EDUCATION BEYOND HIGH SCHOOL MORE ACCESSIBLE AND EQUITABLE. WE ENVISION A WORLD WHERE STUDENTS' BACKGROUNDS DO NOT DETERMINE THEIR DESTINIES. 7 7 89 7 0 0 29288450 21193150 1235945 526143 1320 11433 0 0 30525715 21730726 17025630 9380067 0 0 5381670 4155430 0 0 737343 2696616 2067580 25103916 15603077 5421799 6127649 28872669 15598224 21790681 2388583 7081988 13209641 X COLLEGE ADVISING CORPS ("CAC") IS ONE OF THE LARGEST COLLEGE ACCESS ORGANIZATIONS IN THE COUNTRY. WE ENSURE LOW-INCOME, FIRST-GENERATION COLLEGE, AND UNDERREPRESENTED HIGH SCHOOL STUDENTS RECEIVE THE GUIDANCE AND TOOLS THEY NEED TO IDENTIFY AND PURSUE POSTSECONDARY EDUCATION OPPORTUNITIES. WE BELIEVE EVERY STUDENT DESERVES THE OPPORTUNITY TO PURSUE A POSTSECONDARY EDUCATION, THE SUREST PATH, WE BELIEVE, TO ECONOMIC MOBILITY. 0 0 13296005 9380067 526143 LAUNCHED IN 2005, WITH 14 ADVISERS SERVING 2,500 STUDENTS IN VIRGINIA, CAC HAS NOW HELPED OVER 825,000 STUDENTS NATIONWIDE TO ENROLL IN 2- AND 4-YEAR POSTSECONDARY EDUCATION PROGRAMS IMMEDIATELY AFTER GRADUATION. TO DATE, CAC ADVISERS HAVE HELPED THESE STUDENTS SECURE $2 BILLION IN POSTSECONDARY FINANCIAL AID, INCLUDING SCHOLARSHIPS. THE RESULT OF THIS STUDENT SUCCESS IS AN ESTIMATED $4 BILLION IN LIFETIME EARNINGS FROM U.S. COLLEGE GRADUATES ADVISED BY CAC. CAC IS DIFFERENT FROM OTHER COLLEGE ACCESS ORGANIZATIONS. CAC BELIEVES THAT EDUCATIONAL EQUITY MEANS THAT 100% OF HIGH SCHOOL STUDENTS DESERVE PERSONALIZED GUIDANCE SO THEY CAN IDENTIFY THEIR BEST CAREER PATH. CAC PROVIDES WHOLE-SCHOOL, WRAP-AROUND COLLEGE AND CAREER SERVICES TO ALL STUDENTS AND THEIR FAMILIES EVEN BEFORE SENIOR YEAR, RATHER THAN FOCUSING ON A SMALL COHORT OF TOP-PERFORMING, COLLEGE-BOUND SENIORS. CAC'S "BEST MATCH/BEST FIT" MODEL MEETS STUDENTS WHERE THEY ARE, HELPING THEM TO IDENTIFY AND MATRICULATE AT INSTITUTIONS THAT REPRESENT A GOOD ACADEMIC MATCH AND A GOOD FINANCIAL, SOCIAL, AND CULTURAL FIT, SO THEY ARE WELL PREPARED TO PERSIST AND GRADUATE WITH MINIMAL DEBT. ROUGHLY 80% OF THE SENIORS CAC SERVES GRADUATE FROM HIGH SCHOOL. ON AVERAGE, 50% OF THESE STUDENTS WILL ENROLL IN A 4-YEAR BACCALAUREATE PROGRAM, A 2-YEAR ASSOCIATE'S PROGRAM, OR A TRADE CERTIFICATION PROGRAM BY THE FALL AFTER GRADUATION. OTHERS WILL JOIN THE MILITARY OR CHOOSE SIMILAR EDUCATIONAL PATHS IN SUBSEQUENT YEARS. IN ACADEMIC YEAR 2021-22, PARTNERING WITH 33 COLLEGES AND UNIVERSITIES, OVER 840 CAC ADVISERS WORKED IN 750 HIGH SCHOOLS IN 19 STATES, HELPING MORE THAN 200,000 HIGH SCHOOL SENIORS PURSUE A BETTER LIFE AND ECONOMIC MOBILITY THROUGH EDUCATION BEYOND HIGH SCHOOL. OF STUDENTS SERVED, 84% WERE ELIGIBLE FOR FREE OR REDUCED-PRICE LUNCH. TWO-THIRDS WERE FROM URBAN COMMUNITIES WHILE THE OTHER ONE THIRD WERE FROM RURAL AREAS. STUDENT DEMOGRAPHICS INCLUDED: 39% BLACK OR AFRICAN-AMERICAN; 30% WHITE, NON-HISPANIC; 23% HISPANIC OR LATINX; 4% ASIAN OR PACIFIC ISLANDER; 3% MULTI-OR BIRACIAL; AND 1% NATIVE AMERICAN OR ALASKAN NATIVE. LAST YEAR, CAC ADVISERS HELPED THESE HIGH SCHOOL GRADUATES TO SECURE OVER $900 MILLION IN SCHOLARSHIPS AND STUDENT AID. 13296005 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 89 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROBERTA SORENSEN 9194426300 5540 CENTERVIEW DR PMB 41997 204 RALEIGH NC 27606 STEVEN DENNING MEMBER 0.50 X 0 0 0 DAVEED DIGGS MEMBER 0.50 X 0 0 0 JOAQUIN CASTRO MEMBER 0.50 X 0 0 0 HOLDEN THORP MEMBER 0.50 X 0 0 0 MC BELK PILON MEMBER 0.50 X 0 0 0 ANDRE DUA MEMBER 0.50 X 0 0 0 PETER GRAUER CHAIR 2.00 X X 0 0 0 EKATERINA STRUETT CHIEF EXECUTIVE OFFICER 40.00 X X 258637 0 22234 GREGORY NICHOLSON CHIEF PROGRAM OFFICER 40.00 X 35025 0 1819 JAMES TORRIBLE CHIEF DEVELOPMENT OFFICER 40.00 X 105522 0 12953 JEFFERSON PARKER CHIEF FINANCIAL OFFICER 40.00 X 37704 0 4052 LAURIE J REINHARDT-PLOTNIK CHIEF ADVANCEMENT OFFICER 40.00 X 171691 0 29818 TOBI KINSELL DIRECTOR OF NATIONAL PROJE 40.00 X 135302 0 9509 ROBERTA SORENSEN CONTROLLER 40.00 X 132059 0 14307 KAREN BUTLER SENIOR DIRECTOR - COMM, MARKETING & BRANDING 40.00 X 128950 0 32442 SHAMEEK ROBINSON REGIONAL DIRECTOR, NORTHEAST 40.00 X 111649 0 18442 STEPHANIE TEASDALE SENIOR EXEC. DIRECTOR - HR 40.00 X 129523 0 11724 1246062 0 157300 8 0 1 0 EASE 1839 WALNUT DR MOUNTAIN VIEW CA 94040 RESEARCH/DATA ANALYSIS 308497 BRITEWEB 195 MONTAGUE ST BROOKLYN NY 11201 SOFTWARE CONSULTANT 252813 ELLIOTT DAVIC LLC PO BOX 6286 GREENVILLE SC 29606 AUDIT SERVICES 107790 ADMITHUB 38 CHAUNCY ST 11TH FLOOR BOSTON MA 02111 SOFTWARE CONSULTANT 102850 4 5903396 15289754 21193150 CONTRACT INCOME 611710 520997 520997 PROGRAM REVENUE 611710 5146 5146 526143 30926 30926 2878 22371 -19493 -19493 -19493 21730726 526143 0 11433 9371972 9371972 8095 8095 815000 499640 188538 126822 2633949 1614759 609322 409868 110739 67889 25618 17232 333102 204210 77058 51834 262640 161013 60758 40869 50208 5216 43978 1014 631241 246620 315893 68728 32625 25774 4241 2610 34234 16887 15355 1992 806881 706725 97220 2936 6542 5168 851 523 215351 196976 14712 3663 51971 51971 104150 104150 28934 22858 3761 2315 COMMUNICATIONS 58712 36790 15164 6758 MEMBERSHIPS AND SUBSCRI 34205 180 33926 99 BAD DEBT EXPENSE 10513 10513 STAFF DEVELOPMENT 2013 1083 850 80 15603077 13296005 1569729 737343 23138886 8225433 5405878 7169443 38054 6477 42330 75542 705041 588374 243184 116667 4337 4662 28872669 15598224 464944 91607 20404210 1475574 47904 921527 773498 21790681 2388583 X -1459154 432889 8541142 12776752 7081988 13209641 28872669 15598224 X 6127649 4 X X 0 1 X 0 1 1 X 26023166 22556105 21642254 29288450 21193149 120703124 26023166 22556105 21642254 29288450 21193149 120703124 46211948 74491176 187 57221 242 307 30926 88883 31820 31820 120823827 3073747 0.61650 0.80560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15603072 15603072 930154 232539 0 0 1000000 1000000 1000000 930154 3930154 5895231 9440 9440 250000 250000 250000 232539 982539 1473809 76341 76341 0 628700 512033 116667 116667 X 21730726 0 21730726 0 21730726 15603077 0 15603077 0 15603077 PART X, LINE 2: US GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. US GAAP ALSO PROVIDES GUIDANCE ON DERECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE STATEMENT OF FINANCIAL POSITION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED JUNE 30, 2023 OR 2022. 1 APPALACHIAN STATE UNIVERSITY JOHN E THOMAS HALL 287 RIVERS ST BOONE NC 28608 561176030 115(1) 260118 0 COLLEGE ADVISING PROGRAM OPERATIONS BOSTON UNIVERSITY ONE SILBER WAY BOSTON MA 02215 042103547 501(C)(3) 425763 0 COLLEGE ADVISING PROGRAM OPERATIONS DUKE UNIVERSITY 220 ALLEN BUILDING DURHAM NC 27708 560532129 501(C)(3) 169405 0 COLLEGE ADVISING PROGRAM OPERATIONS FRANKLIN & MARSHALL COLLEGE 415 HARRISBURG AVE LANCASTER PA 17603 231352635 501(C)(3) 326237 0 COLLEGE ADVISING PROGRAM OPERATIONS GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION 33 GILMER STREET SE ATLANTA GA 30303 586002050 501(C)(3) 479772 0 COLLEGE ADVISING PROGRAM OPERATIONS MICHIGAN STATE UNIVERSITY (MSU) 200 TOWBRIDGE RD LANSING MI 48824 386005984 115(1) 317282 0 COLLEGE ADVISING PROGRAM OPERATIONS NEW YORK UNIVERSITY (NYU) 70 WASHINGTON SQUARE SOUTH NEW YORK NY 10012 135562308 501(C)(3) 53360 0 COLLEGE ADVISING PROGRAM OPERATIONS NORTH CAROLINA STATE UNIVERSITY (NC STATE) 203 PEELE HALL RALEIGH NC 27695 566000756 115(1) 323505 0 COLLEGE ADVISING PROGRAM OPERATIONS TEXAS A & M UNIVERSITY (TA&M) TEXAS A M UNIVERSITY 805 RUDDER TOWER COLLEGE STATION TX 77843 741238434 115(1) 651262 0 COLLEGE ADVISING PROGRAM OPERATIONS TEXAS CHRISTIAN UNIVERSITY 2800 S UNIVERSITY DRIVE FORT WORTH TX 76129 750827465 501(C)(3) 109519 0 COLLEGE ADVISING PROGRAM OPERATIONS TRINITY UNIVERSITY STORCH MEMORIAL BUILDING 202ONE TRINITY PLACE SAN ANTONIO TX 78212 741109633 501(C)(3) 133593 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF CA SANTA BARBARA SAASB BUILDING ROOM 1212 SANTA BARBARA CA 93106 956006145 115(1) 191845 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF CALIFORNIA BERKELEY 2195 HEARST AVE RM 130 MC 1103 BERKELEY CA 94720 946002123 115(1) 596980 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BOULEVARD SUITE 600 LOS ANGELES CA 90024 956006143 115(1) 895532 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF CONNECTICUT 352 MANSFIELD RD STORRS CT 06269 060772160 115(1) 175884 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF GEORGIA RESEARCH FOUNDATION 310 EAST CAMPUS RD TUCKER HALL ROOM 409 ATHENS GA 30602 581353149 115(1) 621364 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF MICHIGAN 500 S STATE ST ANN ARBOR MI 48109 386006309 115(1) 179934 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF MISSOURI PO BOX 807012 KANSAS CITY MO 64180 436003859 115(1) 246090 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL JACKSON HALL CB2200 CHAPEL HILL NC 27599 566001393 115(1) 751148 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF NORTH CAROLINA AT WILMINGTON 601 COLLEGE RD WILMINGTON NC 24803 561258660 115(1) 235947 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY PARK LOS ANGELES CA 90089 951642394 501(C)(3) 1622796 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF TEXAS AT EL PASO 500 W UNIVERSITY AVE EL PASO TX 79968 746000813 115(1) 39754 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF TEXAS-AUSTIN 550 EAST HUNTLAND DRIVE SUITE 270 AUSTIN TX 78752 746000203 115(1) 240810 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF VIRGINIA PO BOX 400218 CHARLOTTESVILLE VA 22904 CHARLOTTESVILLE VA 22904 546001796 115(1) 299627 0 COLLEGE ADVISING PROGRAM OPERATIONS UNIVERSITY OF WASHINGTON BOX 354966 SEATTLE WA 98195 916001537 115(1) 11266 0 COLLEGE ADVISING PROGRAM OPERATIONS 32 0 EDUCATION AWARD 3 8095 PART I, LINE 2: GRANTS ARE DISBURSED UPON RECEIPT OF A SCHOOL'S DETAILED INVOICE FOR SERVICES AND SUPPORT RENDERED BY THE SCHOOL FOR A SPECIFIED PERIOD COVERED BY THE GRANT. THE UNIVERSITY PROGRAM PARTNERS SIGN AN ANNUAL AGREEMENT WITH NATIONAL COLLEGE ADVISING CORPS THAT CONFIRMS THE AMOUNT OF THE GRANT BASED ON A MUTUALLY-AGREED UPON BUDGET FROM THE UNIVERSITY. NATIONAL COLLEGE ADVISING CORPS MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR ASSISTANCE DISBURSED DURING THE YEAR. GRANT OVERSIGHT CONSISTS OF A MULTI-TIER REVIEW OF INVOICE SUBMISSIONS BY MEMBERS OF THE FINANCE DEPARTMENT AND THE CFO. X X X 0 0 0 0 0 0 0 0 0 EKATERINA STRUETT CHIEF EXECUTIVE OFFICER 258637 0 0 0 0 0 13085 0 9149 0 280871 0 0 0 LAURIE J REINHARDT-PLOTNIK CHIEF ADVANCEMENT OFFICER 171691 0 0 0 0 0 26000 0 3818 0 201509 0 0 0 KAREN BUTLER SENIOR DIRECTOR - COMM, MARKETING & 128950 0 0 0 0 0 27000 0 5442 0 161392 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE FINANCE CONTROLLER, CFO AND CEO. THE CEO SUSEQUENTLY SENDS IT TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS RECEIVES THE CONFLICT-OF-INTEREST POLICY AS WELL AS CORPORATE COMPLIANCE POLICIES AND PROCEDURES. COMPLIANCE IS MONITORED ANNUALLY BY THE BOARD AND CEO WHO ARE KEENLY AWARE OF THE IMPORTANCE OF THESE POLICIES. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 USING AN ANNUAL PERFORMANCE EVALUATION AS WELL AS SALARIES FOR POSITIONS AT SIMILAR ORGANIZATIONS AND INFORMATION OBTAINED FROM IRS 990 FILINGS OF SIMILAR ORGANIZATIONS, THE CEO'S COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD AND IS DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. COMPENSATION FOR KEY EMPLOYEE POSITIONS IS DETERMINED THROUGH USE OF A BAND SYSTEM WHICH IS UPDATED REGULARLY WITH DATA COMPILED BY AN OUTSIDE COMPANY AND REVIEWED BY THE EXECUTIVE LEADERSHIP TEAM. ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORMS 990 ARE AVAILABLE UPON REQUEST AT OUR OFFICE FORM 990, PART XI, LINE 9: ROUNDING 4. FORM 990, PART XII, LINE 2C CEO, CFO AND FINANCIAL CONTROLLER OVERSEE THE AUDIT PROCESS. THE FINANCIAL STATEMENTS AND AUDITOR SELECTION ARE PRESENTED TO AND APPROVED BY THE BOARD OF DIRECTORS.