EIN 54-2103707

Oakland Promise

IRS 501(c) type
501(c)(3)
Num. employees
47
Year formed
2002
Most recent tax filings
2023-06-01
Description
The East Bay College Fund helps resilient public high school seniors, under-represented in higher education, go to college and expand their life opportunities.
Also known as...
East Bay College Fund
Total revenues
$13,469,101
2023
Total expenses
$16,374,748
2023
Total assets
$74,037,520
2023
Num. employees
47
2023

Program areas at Oakland Promise

Oakland Promise ("op") is available to young learners (from newborns to college students) and their families who reside in Oakland. Op offers every child the financial resources, support, mentorship and incentives they need from birth and throughout their school years to empower them to seek out and thrive in the higher education and career of their choosing. Op provides services through four core cradle-to-college and career programs at each stage of a young person's development from ages 0 to 25: brilliant baby, kindergarten to college, college access and college completion. Through these programs, op offers college savings accounts (529s), college scholarship funding in elementary school years, 2-4 year college/cte scholarships, financial guidance for parents and students, college building culture programs and critical resources to empower students to develop their college and vocational bound identity and persistence.

Who funds Oakland Promise

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The San Francisco Foundation (TSFF)Advised - Seed Funding for K2C Cohort 2016 - 2021 (2029 - 2034 HS Grad Cohort). Advised - To Fund K2C Cohort 2020 (2033 HS Grad Cohort) With Initial Csa Accounts. Advised - for the Oakland Promise College Completion Program. Advised - for the Oakland Promise Brilliant Baby Program. Advised - for Scholarships. Advised - for General Operating Support.$4,686,250
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$1,503,000
Schwab Charitable FundEducation$561,000
...and 34 more grants received totalling $9,432,863

Personnel at Oakland Promise

NameTitleCompensation
Sandra ErnstChief Executive Officer$233,744
Rachel WestmorelandFormer Chief Financial Officer and Former Interim Chief Executive Officer$140,000
Veena Pathiparampil PawloskiChief Program Officer$121,082
Kyla JohnsonSuperintendent
Wallace LouieFormer Director of Communications$126,075
...and 16 more key personnel

Financials for Oakland Promise

RevenuesFYE 06/2023
Total grants, contributions, etc.$13,455,185
Program services$0
Investment income and dividends$151,725
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-137,809
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,469,101

Form 990s for Oakland Promise

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-18990View PDF
2022-062023-04-03990View PDF
2021-062022-09-29990View PDF
2021-062022-05-13990View PDF
2020-062022-09-29990View PDF
...and 13 more Form 990s
Data update history
September 21, 2024
Received grants
Identified 14 new grant, including a grant for $4,686,250 from The San Francisco Foundation (TSFF)
May 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 17 new grant, including a grant for $500,000 from JP Morgan Chase Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
EducationEnvironment
Characteristics
State / local levelReceives government fundingProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
484 9th St
Oakland, CA 94607
Metro area
San Francisco-Oakland-Berkeley, CA
County
Alameda County, CA
Website URL
oaklandpromise.org/ 
Phone
(510) 836-8900
Facebook page
EBCollegeFund 
Twitter profile
@ebcollegefund 
IRS details
EIN
54-2103707
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
122080
FTB Entity ID
2504888
AB 488 data last updated ("as-of") date
2024-12-04
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