Business and Education Alliance

Nonprofit profile at a glance

EIN
851890934
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Colorado Springs, CO, USA
Phone
7196600947
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$371,432
Expenses
$221,325
Assets
$154,902
Liabilities
$3,099

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Theresa Klinitski (Executive Director & Founder)
  • Bob Gemingnani (President & Co-Treasurer)
  • Stacey Burns (Vice President & Co-Treasurer)
  • Abbie Kohlman (Vice President & Secretary)
  • Scott Laband (Vice President)

Highest reported compensation

  • Theresa Klinitski (Executive Director & Founder): $72,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building sustainable bridges between education and industry to transform career exploration and development, creating thriving workforce pipelines for all students.

What it reported doing in 2024

During the 2024-25 program year, BEA successfully convened the Colorado Career Advising Summit on February 25-26, 2025, in Colorado Springs, bringing together 474 Colorado stakeholders to advance career-connected learning statewide. Commissioned by the Colorado Department of Education, this free professional development conference served as a critical convening platform for diverse workforce development stakeholders, including K-12 career advisors, post-secondary counselors, employers across multiple industries, workforce development professionals, and talent development organizations. The summit facilitated strategic conversations, collaborative problem-solving, and professional development focused on strengthening the connections between education systems and workforce needs throughout Colorado. Through curated programming featuring industry experts, innovative practitioners, and evidence-based strategies, the conference equipped participants with actionable tools.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 82
  • Accountability: 39
  • Sustainability: 57
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.5%; rating input score 53
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $32.63 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 15th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 40.4%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 32.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 52.5% of revenue deployed · 86.1% of spending went to programs
  • Governance: 2 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $191K in reported program spending
  • Leadership: top reported pay $72K · 5 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Accountability: Independent voting board scored 40/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.