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College Options Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814602964 ✦ Redding, CA ✦ Designated as a 501(c)(3)

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Overview

What is College Options Inc?

College Options Inc is a nonprofit organization situated in Redding, California, specifically at 1321 Butte Street Suite 101. Their primary objective is to enhance the number of students from Shasta, Siskiyou, Trinity, and Modoc counties in California who pursue and succeed in post-secondary education. To achieve this goal, they engage in various charitable activities, all within the legal framework. With a team of 13 dedicated individuals, College Options Inc works tirelessly to make higher education more accessible and attainable for the youth in these counties.


Official website here: www.collegeoptions.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69%, Two-Star out of Four Star rating

College Options Inc has received a 69% rating from Charity Navigator, which translates to a Two-Star rating. This score indicates that while the organization demonstrates acceptable accountability and finance practices, there are areas that need improvement. The organization excels in having a fully independent board and maintains a good program expense ratio, suggesting that a significant portion of its funds is directed towards its mission.

Strengths of College Options Inc include its independent board structure, with 100% of its members being independent, and a solid liabilities to assets ratio of 20.93%. Additionally, the charity shows a commitment to transparency through the documentation of board meeting minutes and having its website listed on its tax form. The program expense ratio stands out positively, indicating a strong focus on its programming.

However, the organization has notable limitations regarding its governance policies, as it lacks both a conflict of interest policy and a whistleblower policy. It also has not provided certain documents on its website, including its tax form, which could affect transparency. Addressing these areas could enhance the charity's overall accountability and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is College Options Inc legitimate?

College Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Options 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $944,754

For more financial information, click here


Official website here: www.collegeoptions.org

What is the mission statement of College Options Inc?

College Options Inc is an organization with a mission to enhance the rate of students from Shasta, Siskiyou, Trinity, and Modoc Counties in California, pursuing and succeeding in post-secondary education. They are committed to carrying out charitable activities that align with this goal, as permitted by law. The primary objective of College Options Inc is to foster a culture of higher education among the youth in these regions, aiming to equip them with the necessary skills and knowledge for their future. They strive to provide resources and support to help students navigate the complexities of higher education and increase their chances of success.


Official website here: www.collegeoptions.org

Who is the CEO of College Options Inc?

Lianne Richelieu-Boren is the Ceo of College Options Inc. The CEO's salary of College Options Inc is $146,062 and their total compensation is $159,166.


Official website here: www.collegeoptions.org

What is the revenue of College Options Inc?

College Options Inc's revenue in 2023 was $1,781,200.


Official website here: www.collegeoptions.org

Who are the executives of College Options Inc and what are their salaries?

The average compensation at College Options Inc during 2023 was $72,673. There are 13 employees at College Options Inc.


Here are 8 key members and their salaries (College Options Inc's CEO's salary is $146,062 and their total compensation is $159,166):


Lianne Richelieu-Boren (Ceo)
  • Compensation: $146,062
  • Related: $0
  • Other: $13,104
Marie Caldwell (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy Davis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Diestler (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Johnson (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Mangas (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Scott (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashli Weiss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.collegeoptions.org

Where can I find the form 990 for College Options Inc?

College Options Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.collegeoptions.org

Learn more at the official website: www.collegeoptions.org

Mission Statement of College Options Inc

College Options Inc is a nonprofit organization with a mission to significantly increase the number of students from Shasta, Siskiyou, Trinity, and Modoc Counties in California who pursue and succeed in post-secondary education. This mission is not limited to academic achievements but also includes carrying out other charitable activities aligned with this goal, as permitted by law. The organization's primary objective is to provide opportunities and support for students in these counties, enabling them to pursue higher education and ultimately achieve their academic and professional goals. By doing so, College Options Inc aims to contribute to the overall development and prosperity of the communities it serves.

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Impact




July, 2024

College Options Inc's impact lies in its dedication to increasing the rate of students in Shasta, Siskiyou, Trinity, and Modoc counties of California pursuing and succeeding in post-secondary education. Through its charitable activities, College Options Inc works tirelessly to support and guide students in these counties towards successful educational pathways. With a focus on empowering students to pursue higher education, College Options Inc plays a crucial role in shaping the future of these communities by fostering a culture of educational attainment and achievement.




This information is meant to be a general summary of College Options 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.

Revenue
$1,781,200 (2023)
Expenses
$2,084,949 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,447
  • Gross Receipts: $1,781,200

Assets and Liabilities:

  • Total Assets: $62,750
  • Total Liabilities: $13,136
  • Net Assets: $49,614

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Organization Details

Founding Year

2016

Principal Officer

Lianne Richelieu-Boren

Main Address

1321 BUTTE STREET SUITE 101, REDDING, CA, 96001

NTEE Category

Code: B90 - Education

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