Overview
What is College Unbound?
College Unbound is a nonprofit organization situated in Providence, Rhode Island. Its primary mission is to revolutionize higher education for underrepresented adult learners by employing an individualized, interest-driven, project-focused, workplace-integrated, cohort-supported, flexible, and affordable model. This innovative approach aims to improve the lives of the students and positively impact the communities they engage with. By focusing on the students' unique purposes for learning and aligning it with their workplaces' needs, College Unbound empowers individuals to make a meaningful difference in their lives and the lives of those around them.
Official website here: www.collegeunbound.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 93% (Four-Star out of Four Stars)
College Unbound has received a strong four-star rating from Charity Navigator, indicating a high level of accountability and transparency. The organization excels in its financial practices, with a perfect score in several metrics including independent governance and no material diversion of assets. This rating signifies that College Unbound is effectively managed and can be trusted to operate with integrity.
The organization has a solid program expense ratio of 67.15%, reflecting its commitment to directing funds towards its programs. Additionally, it displays exceptional fundraising efficiency, requiring only $0.08 to raise a dollar. However, the working capital ratio is a bit lower at 0.39 years, which may suggest challenges in liquidity, but this is mitigated by their other strong financial indicators.
In terms of leadership and adaptability, College Unbound scores an impressive 100%. The organization has established clear strategic goals aimed at growth and sustainability, and it actively invests in leadership development through mentorship and training. This indicates a forward-thinking approach that prepares the organization to adapt to changing circumstances effectively.
This AI summary has been generated from information found on Charity Navigator.
Is College Unbound legitimate?
College Unbound is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Unbound 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: $548,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,168,769
For more financial information, click here
Official website here: www.collegeunbound.edu
What is the mission statement of College Unbound?
College Unbound aims to revolutionize higher education for underrepresented adult learners by employing an innovative, customized, and project-driven approach. This model is interest-based, workplace-enhanced, cohort-supported, and flexible, ensuring affordability and a supportive learning environment. By integrating students' personal learning objectives with the needs of their workplaces and communities, College Unbound seeks to positively impact the lives of its students and those around them.
Official website here: www.collegeunbound.edu
What is the revenue of College Unbound?
College Unbound's revenue in 2024 was $8,424,432.
Official website here: www.collegeunbound.edu
Who are the executives of College Unbound and what are their salaries?
The average compensation at College Unbound during 2024 was $20,423. There are 231 employees and 20 volunteers at College Unbound.
Here are 31 key members and their salaries:
- Compensation: $164,658
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- Other: $24,513
- Compensation: $160,094
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- Other: $20,732
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- Other: $33,148
- Compensation: $116,996
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- Other: $36,428
- Compensation: $121,316
- Related: $0
- Other: $31,369
- Compensation: $108,031
- Related: $0
- Other: $21,332
- Compensation: $108,365
- Related: $0
- Other: $703
- Compensation: $103,909
- Related: $0
- Other: $580
- Compensation: $1,250
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Official website here: www.collegeunbound.edu
Where can I find the form 990 for College Unbound?
College Unbound's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.collegeunbound.edu
Learn more at the official website: www.collegeunbound.edu
Mission Statement of College Unbound
College Unbound, a pioneering organization, aims to revolutionize higher education for underrepresented adult learners. They achieve this goal by employing a unique model that is both individualized and project-driven, with a strong focus on the learners' interests and workplace needs. This approach is further enhanced by cohort support, flexibility, affordability, and a workplace-enhanced curriculum. By integrating the learners' personal motivations for learning with the needs of their communities and workplaces, College Unbound strives to improve the lives of its students and those they interact with. In essence, College Unbound seeks to reinvent higher education, making it more accessible, supportive, and engaging for underrepresented adult learners.
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Impact
July, 2024
College Unbound's impact can be seen in the lives of underrepresented returning adult learners who have been able to reinvent their higher education experience. By offering an individualized, interest-based, project-driven, and workplace-enhanced model, College Unbound has successfully supported students in achieving their educational goals while also making a positive impact in their workplaces and communities. This innovative approach has not only improved the lives of the students themselves but has also positively influenced those around them.
This information is meant to be a general summary of College Unbound. 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 2024.
- Investment Income: $1,615
- Program Service Revenue: $4,481,459
- Gross Receipts: $8,424,432
Assets and Liabilities:
- Total Assets: $1,692,870
- Total Liabilities: $137,554
- Net Assets: $1,555,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Income
Revenue
$4,481,459
Organization Details
Founding Year
2012
Principal Officer
Adam Bush
Website
www.collegeunbound.eduNTEE Category
Code: Z99 - Unknown
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