Overview
What is Doorway To College Foundation Inc?
Doorway to College Foundation Inc., based in North Liberty, Iowa, is a nonprofit organization dedicated to empowering high school students in their transition to higher education. During the 2021 fiscal year, they conducted approximately 325 live seminars, utilizing their proprietary materials to train teachers and students on test preparation for PSAT, SAT, and ACT. Apart from these live sessions, they offered online and web-based teaching resources, such as a 42-module ACT instructional class and a series of college readiness e-books. Doorway to College Foundation provided guidance on various aspects of higher education, from college selection to application processes and financial aid applications. Their services reached around 6,700 students during the fiscal year, with revenue sourced from schools, sponsors, and parents. The organization aims to work directly with schools, providing young scholars with effective strategies to excel in their test scores and smoothly transition from high school to higher education.
Official website here: www.doorwaytocollege.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 62%
The Doorway To College Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations and financial accountability. With a score of 62%, the organization demonstrates strengths in having a majority of independent board members and maintaining a conflict of interest policy, which are critical for good governance. However, the lack of financial statements and missing tax forms on the nonprofit's website significantly hinder their transparency and credibility.
In terms of financial management, the foundation shows a program expense ratio of 76.58%, suggesting that a substantial portion of its expenses is directed towards its programs. However, the liabilities to assets ratio at 107.99% raises concerns about the organization's financial health, indicating potential issues in covering its obligations. Additionally, while they have documented board meeting minutes, their missing document retention policies could pose risks to effective governance.
Overall, while the Doorway To College Foundation Inc has established some essential governance practices, the shortcomings in financial reporting and overall transparency need to be addressed to enhance stakeholder trust and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Doorway To College Foundation Inc legitimate?
Doorway To College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Doorway To College 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: $191,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $341,266
For more financial information, click here
Official website here: www.doorwaytocollege.org
What is the mission statement of Doorway To College Foundation Inc?
The Doorway to College Foundation Inc's mission is centered around preparing students for their transition into higher education. They achieve this by working directly with schools, providing young scholars with effective strategies to excel in standardized tests such as the PSAT, SAT, and ACT. The foundation conducts live seminars using proprietary materials, trains teachers, and offers instructional classes to students in grades 7-12. In addition, they provide online and web-based resources such as an ACT instructional class and a series of college readiness e-books. Furthermore, they offer guidance on various aspects of the college application process, including choosing a college, completing applications, and applying for financial aid. Revenue is generated through fees paid by schools, sponsors, and parents, and the foundation served approximately 6,700 students during the fiscal year.
Official website here: www.doorwaytocollege.org
Who is the CEO of Doorway To College Foundation Inc?
Kelsey Foster is the Executive Director of Doorway To College Foundation Inc.
Official website here: www.doorwaytocollege.org
What is the revenue of Doorway To College Foundation Inc?
Doorway To College Foundation Inc's revenue in 2022 was $742,049.
Official website here: www.doorwaytocollege.org
Who are the executives of Doorway To College Foundation Inc and what are their salaries?
The average compensation at Doorway To College Foundation Inc during 2022 was $11,576. There are 46 employees and 5 volunteers at Doorway To College Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $84,616
- Related: $0
- Other: $0
- Compensation: $69,321
- Related: $0
- Other: $8,816
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.doorwaytocollege.org
Where can I find the form 990 for Doorway To College Foundation Inc?
Doorway To College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.doorwaytocollege.org
Learn more at the official website: www.doorwaytocollege.org
Mission Statement of Doorway To College Foundation Inc
The Doorway to College Foundation, Inc. is dedicated to assisting students in their transition to higher education. Working closely with schools, its primary objective is to equip young scholars with effective strategies to excel in competitive entrance exams such as the PSAT, SAT, and ACT. The foundation's mission is to arm students with the necessary skills to succeed in their journey from high school to college.
To achieve this goal, Doorway to College Foundation Inc conducts live high school seminars utilizing its proprietary materials to educate teachers and students on exam preparation. In addition to these live sessions, the foundation offers online and web-based teaching materials, including a 42-module ACT instructional class and a series of college-readiness e-books. Furthermore, Doorway to College Foundation Inc provides guidance on various aspects of the college application process, from selecting a suitable institution to completing the application form and securing financial aid.
During the fiscal year, the foundation served approximately 6,700 students, generating revenue through fees paid by schools, sponsors, and parents. By providing comprehensive support and resources, Doorway to College Foundation, Inc. aims to empower students and ensure they have the best possible start in their higher education journey.
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Impact
July, 2024
Doorway To College Foundation Inc's impact is evident in their efforts to prepare students for their transition to higher education. By conducting live high school seminars, training teachers and students on standardized tests like the PSAT, SAT, and ACT, and offering instructional classes on study skills for grades 7-12, D2CF has directly empowered approximately 6,700 students in the fiscal year. Additionally, they have provided online teaching materials, such as an ACT instructional class and college-readiness e-books, as well as guidance on college selection, applications, and financial aid. This comprehensive approach equips young scholars with solid strategies to achieve competitive scores and succeed in the transition from high school to higher education, thus making a significant impact on the educational journey of the students they serve.
This information is meant to be a general summary of Doorway To College 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: $152
- Program Service Revenue: $741,897
- Gross Receipts: $742,049
Assets and Liabilities:
- Total Assets: $1,001,065
- Total Liabilities: $1,166,702
- Net Assets: -$165,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS AND BOOKS
Revenue
$740,633
Organization Details
Founding Year
2014
Phone
(877) 927-8378Principal Officer
Kelsey Foster
Main Address
70 CIRCLE DRIVE UNIT D, NORTH LIBERTY, IA, 52317
Website
www.doorwaytocollege.orgNTEE Category
Code: B90 - Education
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