EIN 88-3690739

College Affordable

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2022
Most recent tax filings
2023-12-01
Description
College Affordable is a non-profit organization with a mission to assist families in reducing the cost of college, minimizing debt, and increasing higher education choices. The exorbitant cost of college in the United States, combined with the complex financial aid process, can hinder access to higher education and lead to unsustainable student loans for those who do not have the means to navigate this process.
Total revenues
$243,496
2023
Total expenses
$195,986
2023
Total assets
$57,187
2023
Num. employees
6
2023

Program areas at College Affordable

In the united states, the exorbitant cost of College and the complex financial aid process hinders access to higher education and can lead to unsustainable student loans for students that do not have the means to navigate this process. College Affordable, inc.'s mission is to reduce those barriers, particularly among student populations that possess the highest financial need and where the impact is greatest. College Affordable, Inc. is a newly formed organization with no past or present activities.in the future, College Affordable, Inc. will raise donations from individuals, corporations, and grants and then will spend 85 - 90 percent of its time and resources to provide educational services as a free resource for students and their families and provide personalized support to students with the greatest need to navigate the financial aid process, which is in line with the mission of the organization. We will partner with schools and non-profit organizations to provide online webinars on timely topics such as completing the financial aid applications (fafsa), student loan options, understanding financial aid awards, and financial literacy education for students. Families, high school guidance counselors, and non-profit partners may call or email for answers to financial aid questions. Personalized support with completing financial aid or student loan applications may be arranged with a partner school or nonprofit organization for students identified as qualifying based on adverse personal circumstances.college Affordable, Inc. Intends to raise money from philanthropists and from industry adjacent services providers. Expenses will be for fundraising and administrative expenses as well as execution of our programs to provide education and support to schools, non-profit organizations and families. College Affordable Inc. Intends to maximize the use of qualified volunteers in the delivery of the support and education provided. At the current time and in the initial stages all support being provided is on a volunteer basis, and no compensation is being paid at this time and during the startup phase of the organization.

Who funds College Affordable

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundEducation$22,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$11,000
The Kramer Family FoundationEducation$7,500
...and 2 more grants received

Personnel at College Affordable

NameTitleCompensation
Brian GardinerExecutive Director and Clerk$63,462
Gregg CohenChair$2,418
Polly Ross RibattTreasurer and Director$0

Financials for College Affordable

RevenuesFYE 12/2023
Total grants, contributions, etc.$204,996
Program services$38,500
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$243,496

Form 990s for College Affordable

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-11-10990EZView PDF
Data update history
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from Institution for Savings in Newburyport and Its Vicinity Charitable Foundation
January 23, 2024
Posted financials
Added Form 990EZ for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
January 3, 2024
Used new vendors
Identified 1 new vendor, including
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $7,500 from The Kramer Family Foundation
Nonprofit Types
Social advocacy organizationsSchoolsCharities
Issues
Education
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
200 Highland Ave 305
Needham, MA 02494
Metro area
Boston-Cambridge-Newton, MA-NH
County
Norfolk County, MA
Website URL
collegeaffordable.org/ 
Phone
(781) 274-8400
IRS details
EIN
88-3690739
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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