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Collegespring Inc

 800 S Figueroa St Suite 760
 Los Angeles, CA 90017
[P] (213) 5502202 x 2002
[F] --
www.collegespring.org
[email protected]
Krystal O'Leary
FOUNDED: --
INCORPORATED: 2010
 Printable 1 Page Summary
 Printable Profile
Organization DBA --
Former Names --
Organization received a competitive grant from the community foundation in the past five years No
Employer Identification Number 27-0920698 00000

Summary


Mission StatementMORE »

CollegeSpring equips schools and their teachers with an SAT, ACT, and college knowledge curriculum to prepare students to succeed on the exam and enter college.

Mission Statement

CollegeSpring equips schools and their teachers with an SAT, ACT, and college knowledge curriculum to prepare students to succeed on the exam and enter college.

FinancialsMORE »

Fiscal Year 2019
Projected Expenses $4,380,957.00
Projected Revenue $5,428,052.00

ProgramsMORE »

  • CollegeSpring Southern California

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview


Mission Statement

CollegeSpring equips schools and their teachers with an SAT, ACT, and college knowledge curriculum to prepare students to succeed on the exam and enter college.

Background Statement

CollegeSpring is a national nonprofit providing affordable SAT and ACT preparation to high schools that serve students who are historically underrepresented in higher education, including students from low-income households, students of color (predominantly Latinx, Black, or African American), and English language learners. Standardized test results are critical to both college admissions and persistence because higher scores can provide access to selective universities with better financial aid, stronger social support, and higher graduation rates. Unfortunately, formal test preparation is costly, leading to significant score disparities between those who have access to this resource and those who do not.


CollegeSpring addresses this challenge by training teachers to offer its proprietary test preparation curriculum during the school day to all students. CollegeSpring staff provide behind-the-scenes instructional support, including SAT and ACT overviews, lesson plans, test grading services, and data analysis. This allows teachers, who are the experts on their students’ unique strengths and needs, to maximize their time in the classroom. Staff also work closely with teachers and administrators to integrate test preparation into the existing school day, building their capacity to promote a school-wide college-going culture. Since 2008, CollegeSpring has provided over 25,000 students with access to test preparation.



Impact Statement

CollegeSpring’s test preparation model is proven to impact student success. On average, CollegeSpring students enter the program with a baseline score that is 223 points lower than the average score for students who take the SAT without a fee waiver. After the program, CollegeSpring students raise their scores by an average of 94 points, closing 42% percent of the score gap. Additionally, CollegeSpring’s program increases the number of students who meet the College Board’s college readiness benchmarks for evidence-based reading and writing (EBRW) and math. In the academic year 2017-18, the percentage of students meeting the College Board’s college readiness benchmarks increased from 23% to 44% in evidenced-based reading and writing and from 8% to 21% in math for students enrolled in the Core program. Although CollegeSpring is not a college persistence organization, we carefully track our students’ persistence and graduation rates because standardized tests scores have implications beyond college admissions, ultimately impacting the type of college experience a student will have. Forty-eight percent of CollegeSpring students enroll in a four-year college within two years of high school graduation; 87% persist to their second year of college; and 34% graduate within six years.



Needs Statement

Standardized tests are a key obstacle students from low-income households face when applying to college. Students from higher-income households often seek private SAT and ACT tutoring, but most students from low-income households cannot afford to to do. This gap in test preparation drives deep educational inequity: CollegeSpring students enter the program with a baseline score that is 223 points lower than students who do not use an SAT fee waiver. These tests are critical to both college admissions and persistence because higher scores can secure access to selective universities with better financial aid and higher graduation rates.


CEO Statement

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Board Chair Statement

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Other Ways to Donate/Volunteer

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Geographic Area Served

Central Orange County
CollegeSpring partners with the Santa Ana Unified School District to provide schools with the curriculum and support needed to implement SAT preparation programs at seven high schools. Additionally, CollegeSpring partners with the Nicholas Academic Centers.

Organization Categories

  1. Education - Educational Services
  2. -
  3. -

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Programs


CollegeSpring Southern California

CollegeSpring partners with traditional public and charter schools to offer high quality SAT and ACT preparation during the school day to all students in a junior class. CollegeSpring staff train teachers to deliver our proprietary test preparation curriculum. They also provide a full menu of instructional resources and support throughout the school year, including:

  • Up-to-date information about the SAT/ACT

  • Pre-planned lessons and assignments with options to account for varying learning styles

  • Four full-length diagnostic tests and grading

  • Data reporting and analysis, including individualized and aggregate score reports that can help students and teacher target areas for growth

By taking care of the time-consuming, behind-the-scenes work that prevents schools from offering SAT and ACT prep in house, CollegeSpring frees up teachers to maximize their time in the classroom and focus on tailoring their instruction to the needs of their individual students.

Budget  $1,494,301.00
Category  Education, General/Other Educational Programs
Population Served K-12 (5-19 years) Poor,Economically Disadvantaged,Indigent At-Risk Populations
Program Short-Term Success  CollegeSpring’s model is proven to impact student success. On average, CollegeSpring students enter the program with a baseline score that is 223 points lower than the average score for students who take the SAT without a fee waiver. After the program, CollegeSpring students raise their scores by an average of 94 points, closing 42% percent of the score gap. Additionally, CollegeSpring’s program increases the number of students who meet the College Board’s college readiness benchmarks for evidence-based reading and writing (EBRW) and math. In the academic year 2017-18, the percentage of students meeting the College Board’s college readiness benchmarks increased from % to 64% in evidenced-based reading and writing and from 24% to 38% in math for students enrolled in the Connect program.
Program Long-Term Success 

Although CollegeSpring is not a college persistence organization, we carefully track our students’ persistence and graduation rates because standardized tests scores have implications beyond college admissions, ultimately impacting the type of college experience a student will have. Forty-eight percent of CollegeSpring students enroll in a four-year college within two years of high school graduation; 87% persist to their second year of college; and 34% graduate within six years.


Program Success Monitored By 

CollegeSpring measures success based on students’ academic growth and motivation to attend college, partners’ satisfaction with our programs and service, and students’ long-term college trajectories. Specifically, CollegeSpring uses the following metrics to assess our impact:

Program Impact:

  • Number of students served

  • Number of schools served

  • Points score increase

  • Percent score increase

  • Percentage of score gap closed (between CollegeSpring baseline scores and CollegeBoard non-fee waiver scores)

  • Percentage of students who meet the CollegeBoard’s college readiness standards for math and evidence-based reading and writing (EBRW) after the program

  • Partner retention

  • School administrator and instructor satisfaction with the program

  • Students’ self-reported confidence that they are more prepared for the SAT, ACT, and college application process.


Long-Term Impact

  • Official SAT scores

  • Percentage of students who enroll in a 4-year college

  • 2-year persistence rate of students who enroll in a 4-year college

  • Percentage of students who graduate from 4-year college

Examples of Program Success  --

Management


CEO/Executive Director Krystal O'Leary
CEO Term Start --
CEO Email [email protected]
CEO Experience

The California territory of CollegeSpring is led by Head of California Krystal O'Leary. Krystal graduated from the University of California, Los Angeles with a degree in History and minor in Education Studies. After earning her teaching credential from UCLA, she began teaching history in the Los Angeles Unified School District. Krystal later earned a Master's Degree in Education from UCLA. During her second year of teaching, Krystal became the Lead Teacher and Coordinator of a media-based California Partnership Academy. Under her leadership, the academy saw an increase in student population, graduation rates, and business/educational partnerships.

Krystal has served CollegeSpring in a variety of roles regionally and nationally since 2011 and began her tenure as Executive Director in June 2016. Over the past three years, Krystal has solidified the region's cash position (exceeding her fiscal year 2017 and fiscal year 2018 fundraising goals and adding three regional board members) and led the programs team to maintain high quality program results. She also served as the Executive Sponsor of the Diversity, Equity and Inclusion committee in FY18. Krystal was recently promoted to Head of California in March 2019.


Former CEOs and Terms

Name Start End
Garett Neiman -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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Staff Information

Number of Full Time Staff 17
Number of Part Time Staff 2
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % --
Staff Professional Development Yes

Staff Demographics

Ethnicity African American/Black: --
Asian American/Pacific Islander: --
Caucasian: --
Hispanic/Latino: --
Native American/American Indian: --
Other: --
Other (if specified): --
Gender Female: --
Male: --
Not Specified --

Plans & Policies

Organization has Fundraising Plan? --
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan --
Organization Policies And Procedures --
Business Continuity of Operations Plan No

Risk Management Provisions

Nondiscrimination Policy Yes
Whistle Blower Policy --
Document Destruction Policy --
Directors and Officers Insurance Policy --

Reporting and Evaluations

Management Reports to Board? --
CEO Formal Evaluation and Frequency -- --
Senior Management Formal Evaluation and Frequency -- --
Non Management Formal Evaluation and Frequency -- --

Government Licenses

--

CEO Comments

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Foundation Comments

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Governance


Board Chair Thomas Friel
Board Chair Company Affiliation --
Board Chair Term -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Stephanie Cohen Goldman Sachs --
Avi Dorfman D.E. Shaw & Co. --
Alex Farman-Farmaian Edgewood --
Thomas Friel Heidrick & Struggles, International --
Joel Jones Facebook --
Larry Kubal Labrador Ventures --
Juanita Lott Portfolia Investment Fund --
Garrett Neiman CollegeSpring --
Todd Penner Michael & Susan Dell Foundation --
Mindy Rogers -- --
Ralph Sutton Validity Capital Partners, LLC --

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Additional Board Members and Affiliations

Name Company Affiliations Status
Ambassador Frank Baxter Jefferies & Company --
Jason Collins NBA Cares --
Shomik Dutta Higher Ground Labs --
Sarah Ketterer Causeway Capital --
John Kissick Ares Management --
Scott McConnell Ares Management --
Dale Okuno Okuno Associates --
Gene Sykes Goldman Sachs --
Wendy Wachtell Joseph Drown Foundation --

Board Demographics

Ethnicity African American/Black: 9
Asian American/Pacific Islander: 9
Caucasian: 82
Hispanic/Latino: 0
Native American/American Indian: 0
Other: --
Other (if specified): --
Gender Female: 27
Male: 73
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria --
Written Conflict Of Interest Policy --
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Board Orientation --

CEO Comments

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Foundation Comments

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Standing Committees

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Fiscal Year July 01, 2018 to June 30, 2019
Projected Revenue $5,428,052.00
Projected Expenses $4,380,957.00
Form 990s

2017 990

2016 990

2015 990

Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $3,857,604 $4,181,819 $2,876,465
Total Expenses $3,429,359 $3,215,231 $3,145,362

Prior Three Years Revenue Sources

Revenue By Revenue Source
Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
$2,866,008 $3,386,767 $2,328,848
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions -- -- --
Indirect Public Support -- -- --
Earned Revenue $984,615 $786,611 $546,172
Investment Income, Net of Losses $198 $169 $195
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $6,783 $8,272 $1,250

Prior Three Years Expense Allocations

Expense By Type
Fiscal Year 2017 2016 2015
Program Expense $2,281,282 $2,207,638 $2,117,404
Administration Expense $450,881 $365,759 $497,234
Fundraising Expense $697,196 $641,834 $530,724
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.12 1.30 0.91
Program Expense/Total Expenses 67% 69% 67%
Fundraising Expense/Contributed Revenue 24% 19% 23%

Prior Three Years Assets and Liabilities

Assets and Liabilities
Fiscal Year 2017 2016 2015
Total Assets $2,370,162 $1,787,513 $761,253
Current Assets $2,368,999 $1,784,081 $754,291
Long-Term Liabilities -- -- --
Current Liabilities $470,907 $437,315 $377,643
Total Net Assets $1,899,255 $1,350,198 $383,610

Short Term Solvency

Fiscal Year 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 5.03 4.08 2.00

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 0% 0% 0%
Endowment Value --
Spending Policy --
Percentage(If selected) --
Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

CEO Comments

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Foundation Comments

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Documents


Other Documents

No Other Documents currently available.