10000 Degrees
Nonprofit profile at a glance
- EIN
- 953667812
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- San Rafael, CA, USA
- Phone
- 4154646065
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $25,891,640
- Expenses
- $20,211,760
- Assets
- $29,385,081
- Liabilities
- $3,323,675
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
40 people listed
Executive titles in this filing
- KIM MAZZUCA (PRESIDENT & CEO)
- TRACI LANIER (VICE PRESIDENT)
Highest reported compensation
- KIM MAZZUCA (PRESIDENT & CEO): $286,975 total reported compensation
- TRACI LANIER (VICE PRESIDENT): $222,873 total reported compensation
- VANESSA BURNSIDE (CHIEF IMPACT OFFICER): $201,678 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
10,000 degrees is a leading college success nonprofit in the san francisco bay area. We help students from low-income backgrounds gain access to and complete higher education to positively impact their communities and the world. Specifically, we deliver near-peer advising around college access, enrollment, and graduation as well as one-on-one financial aid support and management. We also provide comprehensive college success programming and financial aid support after students enroll in college. Our college success support includes scholarship grants as well as on-campus office hours, near-peer advising, an innovative texting platform, leadership development opportunities, and paid summer internships for current college students.
What it reported doing in 2024
College success and scholarship programsthe organization's college success program supports students from low-income backgrounds through college to achieve a baccalaureate and graduate career ready. With this support, over 80% of the organization's four-year college students earn bachelor's degrees double the national average. For those who start at community college, the organization's students transfer to and graduate from four-year colleges at double the national average. Program participation is not limited by academic requirements or test scores. The college success program staff trusts and believes in each student's strengths and goals as they help them achieve their dream of graduating from college.for this program, the organization's services include on-campus and virtual office hours at local community colleges and state universities, near-peer advising, and the development of a campus community that fosters campus connections and assists students in activating resources and navigating opportunities. The organization also offers regular public workshops on financial aid, college knowledge and resources, and career development.in addition to college success support, the organization awards undergraduate scholarships as well as administers additional scholarships for more than 95 foundations, civic organizations, and individuals. Additionally, the organization administers profile-specific scholarships for qualifying undergraduates, including scholarships for teacher and vocational training as well as scholarships to help cover the cost of childcare while in school. Since 1986, the organization has administered the donor advised scholarships of the marin community foundation (mcf). Likewise, since 2014, the organization has administered the donor advised scholarships for the community foundation of sonoma county.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 87
- Accountability: 98
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.3%; rating input score 58
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $10.01 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.7%; rating input score 97; 30th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.9%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 1.45; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 11.8% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 11.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 58.3% of revenue deployed · 72.9% of spending went to programs
- Governance: 29 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $14.7M in reported program spending
- Leadership: top reported pay $287K · 40 people listed · 4 of 6 pay-setting controls reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.