College Dreams Inc
Nonprofit profile at a glance
- EIN
- 263161884
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2012
- Location
- Grants Pass, OR, USA
- Phone
- 5414768146
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $4,638,100
- Expenses
- $4,194,693
- Assets
- $2,784,068
- Liabilities
- $565,986
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- STEVE BOYARKSY (PRESIDENT)
- CAROL CHRISTEN (VICE PRESIDENT)
- CARL THOMAS (EXECUTIVE DIRECTOR)
Highest reported compensation
- CARL THOMAS (EXECUTIVE DIRECTOR): $111,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
College dreams promotes resiliency and college/career readiness for over 1,400 low income, first generation college-bound, and underrepresented students of color. (continued on schedule o) it serves 22 secondary schools in southern Oregon through matched college savings accounts, career exploration and post-secondary planning and dropout prevention programs. Key activities: academic motivational enhancement; mentoring; skill-building and tutoring; college/career awareness; community service; competitive scholarships; barrier removal support; rigorous course/dual credit planning; access to youth camp, career development activities, pre-college programs, and campus visits; academic monitoring, excellence incentives and supporttive interventions; 3-to-1 matched college savings; and soft-skills development through paid work experiences.
What it reported doing in 2024
Career build program focuses on providing career related learning experience to high school students and out-of-school youth up to age 24 through an interagency agreement with rogue workforce partnership. Services include a regional career fair, youth work ethics classes, career academies, and paid or unpaid work experience.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.3%; rating input score 76
- Program expense ratio: 83.9%; rating input score 84
- Fundraising efficiency: $17.64 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.6%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 11.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 76.3% of revenue deployed · 83.9% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $3.5M in reported program spending
- Leadership: top reported pay $112K · 9 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2014 to 2024
- 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.
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.