Overview
What is College Options Foundation Inc?
College Options Foundation Inc is a nonprofit organization situated in Peachtree City, Georgia. Their primary mission is to enrich the academic development of high school students, particularly those from military families and JROTC participants. They accomplish this by offering resources for college admissions and funding, utilizing planning guides, exam study guides, tutorials, and personalized counseling. Additionally, they conduct nationwide academic competitions to engage and inspire students. The foundation annually organizes contests for high school teams participating in JROTC programs, which often involve multiple rounds of competition through an internet application. In some cases, the top teams from these online rounds travel to a venue for a head-to-head final round to determine the champion. The foundation provides logistical support to participants and hosts these final rounds, all with the aim of assisting students in preparing for higher education.
Official website here: www.collegeoptionsfoundation.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 62%)
College Options Foundation Inc has received a Two-Star rating from Charity Navigator, indicating it is in need of improvement in certain areas. The organization scored 58 in Accountability & Finance, highlighting some concerns regarding its financial transparency and governance practices. While it has achieved full credit for leadership development and adaptability, the presence of missing policies such as a whistleblower policy and a document retention policy raises significant questions about its operational integrity.
On the positive side, the organization demonstrates strong governance, with 100% independent board members and no material diversion of assets reported. Its program expense ratio is commendable at 79.83%, indicating a focus on programs rather than administrative costs. However, the liabilities to assets ratio of 106.86% suggests financial instability, which could impact its long-term viability and effectiveness.
In summary, while College Options Foundation Inc displays strengths in leadership and governance, the missing policies and financial concerns reflect areas that require attention to enhance accountability and transparency. Addressing these issues could significantly improve its rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is College Options Foundation Inc legitimate?
College Options Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Options Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $117,559
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,924
For more financial information, click here
Official website here: www.collegeoptionsfoundation.net
What is the mission statement of College Options Foundation Inc?
The College Options Foundation Inc's mission is centered around enriching the academic development of high school students and aiding them in their preparation for higher education. The organization prioritizes serving all families, including military families and students involved in JROTC. To accomplish this mission, they offer various resources for college admissions and funding, utilize student planning guides, college exam study guides, admission tutorials, and provide personalized counseling. Furthermore, they organize spirited academic competitions for students nationwide.
Official website here: www.collegeoptionsfoundation.net
Who is the CEO of College Options Foundation Inc?
Terry Wilfong is the President of College Options Foundation Inc.
Official website here: www.collegeoptionsfoundation.net
What is the revenue of College Options Foundation Inc?
College Options Foundation Inc's revenue in 2022 was $695,179.
Official website here: www.collegeoptionsfoundation.net
Who are the executives of College Options Foundation Inc and what are their salaries?
The average compensation at College Options Foundation Inc during 2022 was $48,720. There are 9 employees and 8 volunteers at College Options Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $114,259
- Related: $0
- Other: $3,300
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.collegeoptionsfoundation.net
Where can I find the form 990 for College Options Foundation Inc?
College Options Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegeoptionsfoundation.net
Learn more at the official website: www.collegeoptionsfoundation.net
Mission Statement of College Options Foundation Inc
College Options Foundation Inc is dedicated to enriching the academic development of high school students and aiding them in their preparation for higher education. The organization prioritizes serving all families, including military families and students involved in JROTC. To accomplish this mission, College Options Foundation Inc provides resources for college admissions and funding, utilizes student planning guides, college exam study guides, admission tutorials, and offers personalized counseling. Additionally, the foundation conducts spirited academic competitions for students nationwide. By offering these services, College Options Foundation Inc aims to help high school students from various backgrounds navigate the college application process and secure opportunities for higher education.
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Impact
July, 2024
College Options Foundation Inc has a significant impact on high school students by enriching their academic development and assisting them in their preparation for higher education. The foundation organizes academic contests each year for teams of high school students, particularly those involved in Junior Reserve Officer Training Corps (JROTC) programs. These contests help students gain valuable educational experiences and skills while fostering a spirit of competition and intellectual growth.
Through providing logistical support, resources for college admissions and funding, student planning guides, college exam study guides, admissions tutorials, and personalized counseling, College Options Foundation Inc plays a crucial role in ensuring that all families, including military families and JROTC participants, have access to the necessary tools and guidance for pursuing higher education.
Overall, the foundation's commitment to educational excellence and support for students nationwide underscores its dedication to empowering the next generation of scholars and leaders.
This information is meant to be a general summary of College Options Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $180
- Program Service Revenue: $578,038
- Gross Receipts: $695,179
Assets and Liabilities:
- Total Assets: $283,708
- Total Liabilities: $303,186
- Net Assets: -$19,478
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMIC CONTESTS
Revenue
$578,038
Organization Details
Founding Year
2005
Phone
(888) 576-8287Principal Officer
Terry Wilfong
Main Address
128 Willow Creek Dr, Peachtree City, GA, 30269
NTEE Category
Code: B80 - Education
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