Overview
What is Collegetracks Inc?
Collegetracks Inc, located at 8737 Coleville Road Suite 1010, Silver Spring, MD 20910, is a dedicated nonprofit organization. Their mission is to transform lives and communities by providing low-income and first-generation college-bound students with the necessary financial aid and support to successfully complete their college education. They achieve this through two primary services: college admissions and financial aid advising, and college success advising. By offering these resources, Collegetracks Inc increases the likelihood of these students obtaining degrees, ultimately contributing positively to their lives and the broader community. With a team of 39 employees, this organization is committed to empowering individuals and fostering a more educated society.
Official website here: www.collegetracksusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
CollegeTracks Inc has received a two-star rating from Charity Navigator, indicating a need for improvement despite a solid accountability and finance score of 100%. The organization has demonstrated strengths in governance, with all board members being independent and a high score in financial oversight practices. However, it faces challenges with its financial ratios, such as a poor working capital ratio and a missing tax form on its website, which contributed to a lower overall score.
User reviews from Great Nonprofits highlight the positive impact CollegeTracks has on first-generation college students, with volunteers praising its comprehensive support system that assists students throughout their college journey. Many reviews emphasize the organization's ability to empower underserved students, offering them guidance in the college application process and financial aid opportunities that they might not have access to otherwise.
While the feedback is overwhelmingly positive regarding the effectiveness and dedication of CollegeTracks in transforming students' lives, the organization's financial management aspects raise concerns. Maintaining transparency and improving fiscal health will be essential for CollegeTracks to enhance its rating and overall effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Collegetracks Inc legitimate?
Collegetracks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collegetracks 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: $180,256
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,710,663
For more financial information, click here
Official website here: www.collegetracksusa.org
What is the mission statement of Collegetracks Inc?
Collegetracks Inc's mission is centered around transforming lives and communities by providing financial aid and ongoing support to low-income and first-generation students, enabling them to pursue higher education and obtain degrees. The organization offers college admissions and financial aid advising to assist students and their families in navigating the college admissions process successfully. Additionally, they provide college success advising to increase the likelihood of these students completing their degrees. By doing so, Collegetracks Inc aims to empower these students, contributing positively to their personal growth and the broader community.
Official website here: www.collegetracksusa.org
Who is the CEO of Collegetracks Inc?
Mecha Inman is the President of Collegetracks Inc. The CEO's salary of Collegetracks Inc is $171,923 and their total compensation is $172,177.
Official website here: www.collegetracksusa.org
What is the revenue of Collegetracks Inc?
Collegetracks Inc's revenue in 2022 was $2,560,515.
Official website here: www.collegetracksusa.org
Who are the executives of Collegetracks Inc and what are their salaries?
The average compensation at Collegetracks Inc during 2022 was $48,485. There are 39 employees and 64 volunteers at Collegetracks Inc.
Here are 20 key members and their salaries (Collegetracks Inc's CEO's salary is $171,923 and their total compensation is $172,177):
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- Compensation: $171,923
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- Other: $254
Official website here: www.collegetracksusa.org
Where can I find the form 990 for Collegetracks Inc?
Collegetracks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegetracksusa.org
Learn more at the official website: www.collegetracksusa.org
Mission Statement of Collegetracks Inc
Collegetracks Inc, a nonprofit organization, is dedicated to transforming lives and communities by offering low-income and first-generation-to-college students the opportunity to pursue higher education. Through its mission, the organization provides these students with sufficient financial aid and ongoing support, enabling them to complete their degrees.
To achieve this goal, Collegetracks Inc offers two crucial services. Firstly, they provide college admissions and financial aid advising to students and their families, enabling them to navigate the college admission process successfully. This guidance not only helps students find suitable colleges but also ensures they secure adequate financial aid to cover their educational expenses.
Secondly, the organization offers college success advising to increase the likelihood that low-income, first-generation college students will complete their degrees. By providing continuous support, Collegetracks Inc helps these students overcome the challenges they may face during their academic journey, thereby increasing their chances of graduating and securing a brighter future.
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Impact
October, 2024
Collegetracks Inc significantly impacts the lives of low-income and first-generation college students by providing vital resources and support throughout the college admissions and success journey. By offering comprehensive college admissions and financial aid advising, they empower students and their families to navigate the complex landscape of college applications successfully. This guidance ensures that students are informed about their options, helping them secure the financial aid necessary to pursue higher education.
Additionally, Collegetracks Inc continues to support these students after they are enrolled in college. Through ongoing college success advising, they enhance the likelihood that these students will not only attend college but also graduate with degrees. This dual focus on both access and persistence has a profound effect, changing individual lives and contributing to the overall betterment of communities. By fostering a pathway to higher education for underrepresented populations, Collegetracks Inc plays a critical role in promoting social equity and opportunity.
This information is meant to be a general summary of Collegetracks 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: $646
- Gross Receipts: $2,560,515
Assets and Liabilities:
- Total Assets: $901,627
- Total Liabilities: $498,013
- Net Assets: $403,614
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Organization Details
Founding Year
2006
Phone
(301) 986-4124Principal Officer
Mecha Inman
Main Address
8737 COLESVILLE ROAD SUITE 1010, SILVER SPRING, MD, 20910
Website
www.collegetracksusa.orgNTEE Category
Code: B82 - Education
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