2024-04-12T18:09:01-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-07-01 873077790 EDVANCE EDVA 4155316092 3848 MCHENRY AVE STE 135 101 MODESTO CA 95356 LYGIA STEBBING CHIEF EXECUTIVE OFFICER 4155316092 2024-04-11 1 LYGIA STEBBING 999009999 0 LISA N RYSSEL CPA P00643670 7149781300 2024-04-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LYGIA STEBBING 3848 MCHENRY AVE STE 135 101 MODESTO CA 95356 3597792 0 X WWW.ED-VANCE.ORG X 2021 CA TO CREATE AN ECOSYSTEM OF EQUITY-DRIVEN TEACHERS, LEADERS, AND CHANGE AGENTS WORKING TO TRANSFORM THE FUTURE OF OUR COMMUNITIES. 9 9 19 10 0 0 1040328 3597740 0 0 12 52 0 0 1040340 3597792 4500 4500 0 0 254432 1101988 7875 0 0 213070 745994 479877 1852482 560463 1745310 618909 2436377 58446 130604 560463 2305773 X EDVANCE COLLEGES' MISSION IS TO CREATE AN ECOSYSTEM OF EQUITY-DRIVEN TEACHERS, LEADERS, AND CHANGE AGENTS WORKING TO TRANSFORM THE FUTURE OF OUR COMMUNITIES. THE ORGANIZATION WAS BUILT WITH EARLY CHILDHOOD EDUCATORS AT THE CORE, TO REIMAGINE HIGHER EDUCATION THAT PREPARES ACADEMICALLY WELL-ROUNDED, EQUITY-FOCUSED, AND SELF-DETERMINED ECE LEADERS AND COMMUNITY CATALYSTS. OUR VALUES ARE THE GUIDING PRINCIPLES BEHIND EVERY DECISION WE MAKE AND ENSURE OUR WORK STAYS TRUE TO OUR PURPOSE. 0 0 1781646 4500 EDVANCE COLLEGE PROVIDES AN AFFORDABLE, INCLUSIVE, AND DYNAMIC REMOTE BA DEGREE PROGRAM TO ACCELERATE CAREER ADVANCEMENT. 1781646 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X LYGIA STEBBING 4155316092 3848 MCHENRY AVE MODESTO CA 95356 DR ASHLEY WILLIAMS PRESIDENT 1.00 X X 0 0 0 JESSICA CAMPOS SECRETARY 1.00 X X 0 0 0 MICHAEL LIMOSANA TREASURER 1.00 X X 0 0 0 DR CHERYL POLK MEMBER 1.00 X 0 0 0 DR DIANE CARNAHAN MEMBER 1.00 X 0 0 0 DR ROSE MYERS MEMBER 1.00 X 0 0 0 LINDA GRIFFITH MEMBER 1.00 X 0 0 0 RICHARD WINN MEMBER 1.00 X 0 0 0 CARLTON UNDERWOOD MEMBER 1.00 X 0 0 0 LYGIA STEBBING CHIEF EXECUTIVE OFFICER 40.00 X 154463 0 3270 VICTORIA QUIJANO EVETS CHIEF ACADEMIC OFFICER 40.00 X 60504 0 0 CHAD THOMPSON CHIEF FINANCIAL OFFICER 10.00 X 0 0 0 214967 0 3270 1 0 1 0 0 3597740 3597740 52 52 3597792 0 0 52 X 4500 4500 371376 371376 555818 555818 95834 64051 31783 78960 78960 432 432 72300 49200 23100 361407 361407 19302 19290 12 76081 72703 3378 12691 10889 1802 68004 63501 4503 8423 8423 3939 3939 66222 60687 5535 DUES AND SUBSCRIPTIONS 28326 27961 365 ACCREDITATION FEES 25623 25312 311 FILING FEES, LICENSES, 3244 3197 47 1852482 1781646 70836 0 611403 1575600 2178 0 0 823478 5328 21527 19711 3939 0 15772 618909 2436377 58446 130604 58446 130604 X 95695 693416 464768 1612357 560463 2305773 618909 2436377 1745310 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19711 3939 15772 15772 X 3597792 0 3597792 0 3597792 1852482 0 1852482 0 1852482 PART X, LINE 2: EDVANCE COLLEGE, INC. IS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1) AND(3), RESPECTIVELY. EDVANCE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, EDVANCE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS BEEN DETERMINED THAT EDVANCE IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND DOES NOT NEED FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 EDVANCE RECEIVED A 2020 INTEGRATED TEACHER PREPARATION PROGRAM PLANNING GRANT FROM THE COMMISSION ON TEACHER CREDENTIALING (CTC). X 0 0 0 0 0 0 0 0 0 LYGIA STEBBING CHIEF EXECUTIVE OFFICER 154463 0 0 0 0 0 0 0 3270 0 157733 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER GATHERS AND PROVIDES THE 990 INFORMATION TO THE TAX ACCOUNTANT FOR PREPARING THE FORM 990. THE FIRST DRAFT OF THE 990 IS REVIEWED BY THE CONTROLLER. THEN, THE SECOND DRAFT OF THE 990 IS REVIEWED BY CFO AND CEO PRIOR TO BEING DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW OFFICERS, BOARD MEMBERS, KEY EMPLOYEES AND STAFF ARE PROVIDED THE WRITTEN CONFLICT OF INTEREST POLICY AND MUST SIGN A DOCUMENT FIRMING THAT THEY HAVE READ, UNDERSTOOD, AND AGREE TO COMPLY WITH THE POLICY. ALL OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ARE ALSO REQUIRED TO UPDATE THE DOCUMENT ANNUALLY, AND THE POLICY IS PERIODICALLY REVIEWED AT BOARD MEETINGS, TO DETERMINE IF ANY CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USES THE FOLLOWING PROCESS IN ITS ANNUAL REVIEW OF THE PERFORMANCE AND COMPENSATION OF THE CHIEF EXECUTIVE: I. COMPILATION OF INFORMATION ON COMPENSATION PACKAGES OFFERED AT SIMILAR ORGANIZATIONS IN THE MARKETPLACE. II. IN CLOSED SESSION WITHOUT THE CHIEF EXECUTIVE PRESENT, DISCUSSION OF THE VALUE TO THE ORGANIZATION OF THE CHIEF EXECUTIVE, INCLUDING PERFORMANCE VERSUS GOALS. III. MEET WITH THE CHIEF EXECUTIVE TO DISCUSS PERFORMANCE AND COMPENSATION EXPECTATIONS. IV. DETERMINATION OF COMPENSATION AND GOALS. V. MEET WITH CHIEF EXECUTIVE TO DISCUSS AND DOCUMENT PERFORMANCE, GOALS, AND COMPENSATION FOR UPCOMING YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 18 INFORMATION REGARDING THE ORGANIZATION'S FINANCIALS ARE AVAILABLE UPON REQUEST THROUGH THE SUBMISSION OF A PUBLIC RECORDS REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE AVAILABLE ON REQUEST AND TO BE POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G INSTRUCTIONAL/CURRICULUM DESIGNERS: PROGRAM SERVICE EXPENSES 14,133. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,133. PLANNING AND STRATEGIC CONSULTING: PROGRAM SERVICE EXPENSES 50,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,250. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 277,544. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 277,544. STIPEND/HONOARARIUM/SPEAKER: PROGRAM SERVICE EXPENSES 4,355. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,355. FUNDRAISING/DEVLOPMENT CONSULTING: PROGRAM SERVICE EXPENSES 15,125. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,125. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS WAS PROVIDED AND APPROVED A DRAFT OF THE AUDITED FINANCIAL STATEMENTS.