Nonprofit · EIN 03-0566869
COLLEGE OPTIONS FOUNDATION INC
Also known as DBA JROTC-JR RESR OFF TRNG CORP OF
Tax-exempt · PEACHTREE CTY, GA 30269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $648,915 | $550,366 | $98,549 | $324,774 | $70,851 | $253,923 |
| December 31, 2023 | 990 | $763,000 | $588,148 | $174,852 | $307,613 | $152,239 | $155,374 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,500
- Program service revenue
- $636,044
- Investment income
- $371
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $55
- Compensation of officers, directors and key employees
- $126,063
- Other salaries and wages
- $289,257
- Salaries, compensation and benefits (total)
- $507,241
- Professional fundraising fees
- $0
- Travel
- $13,016
- Program services (functional)
- $380,011
- Management and general (functional)
- $95,214
- Fundraising (functional)
- $75,141
Balance sheet and other
- Total assets, start of year
- $307,613
- Total assets, end of year
- $324,774
- Total liabilities, end of year
- $70,851
- Net assets, end of year
- $253,923
- Net assets without donor restrictions
- $253,923
- Gross receipts
- $648,915
- Employees
- 9
- Volunteers
- 19
- Year formed
- 2005
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Terry Wilfong | President Officer | 40 | $122,464 | $3,599 |
| Major General Wallace C Arnold | Chairman Trustee or director | 1 | $0 | $0 |
| Dr Arlene Cash | Director Trustee or director | 1 | $0 | $0 |
| Mack Palmour | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Terry Wilfong | President Officer | 40 | $116,300 | $3,300 |
| Major General Wallace C Arnold | Chairman Trustee or director | 1.3 | $0 | $0 |
| Dr Arlene Cash | Director Trustee or director | 1.3 | $0 | $0 |
| Mack Palmour | Director Trustee or director | 1.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 128 WILLOW CREEK DR, PEACHTREE CTY, GA 30269-1695
- In care of
- % TERRY WILFONG
- Principal officer (990 for 2024)
- Terry Wilfong, 128 Willow Creek Dr, Peachtree City, GA 30269
- Signed the 990
- Terry Wilfong, President
- Phone
- (888) 576-8287
- Return prepared by
- PICKETT CHANEY & MCMULLEN LLP
Mission
TO ENRICH THE ACADEMIC DEVELOPMENT OF HIGH SCHOOL STUDENTS AND ASSIST THEM IN THEIR PREPARATION FOR HIGHER EDUCATION. OUR EMPHASIS LIES WITH SERVING ALL FAMILIES, INCLUDING MILITARY FAMILIES AND STUDENTS WHO PARTICIPATE IN JROTC. TO ACCOMPLISH OUR MISSION WE PROVIDE RESOURCES FOR COLLEGE ADMISSIONS AND FUNDING, UTILIZE STUDENT PLANNING GUIDES, COLLEGE EXAM STUDY GUIDES, ADMISSIONS TUTORIALS AND PERSONALIZED COUNSELING, AND CONDUCT SPIRITED ACADEMIC COMPETITIONS FOR STUDENTS NATIONWIDE.
Program accomplishments
- THE FOUNDATION ORGANIZES ACADEMIC CONTESTS EACH YEAR FOR TEAMS OF HIGH SCHOOL STUDENTS. ALL OF THESE CONTESTS WERE FOR MEMBERS OF CHAPTERS OF THE VARIOUS JUNIOR RESERVE OFFICER TRAINING CORPS ("JROTC") PROGRAMS. THESE CONTESTS GENERALLY CONSIST OF MULTIPLE ROUNDS IN WHICH THE STUDENTS PARTICIPATE REMOTELY THROUGH AN INTERNET APPLICATION. IN THE CASE OF THE ARMY JROTC LEADERSHIP SYMPOSIUM AND ACADEMIC BOWL, THE AIR FORCE JROTC ACADEMIC BOWL, AND THE NAVY JROTC ACADEMIC BOWL, THERE IS ALSO A FINAL ROUND IN WHICH THE TOP TEAMS FROM THE ON-LINE COMPETITION TRAVEL TO A VENUE FOR A HEAD-TO-HEAD FINAL ROUND TO DETERMINE THE CHAMPION. THE FOUNDATION PROVIDES LOGISTICAL SUPPORT TO PARTICIPANTS AND HOSTS THESE HEAD-TO-HEAD ROUNDS.Expenses $380,011 · grants $55 · revenue $636,044
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0566869
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $324,774
- Income (IRS master file)
- $648,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $648,915 | $550,366 | $324,774 | XML |
| 990 | December 2023 | $763,000 | $588,148 | $307,613 | XML |
| 990 | December 2022 | $695,179 | $821,693 | $283,708 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0566869).
Questions about COLLEGE OPTIONS FOUNDATION INC
- What is the EIN of COLLEGE OPTIONS FOUNDATION INC?
- The employer identification number (EIN) of COLLEGE OPTIONS FOUNDATION INC is 03-0566869.
- Is COLLEGE OPTIONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to COLLEGE OPTIONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLLEGE OPTIONS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLLEGE OPTIONS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLLEGE OPTIONS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COLLEGE OPTIONS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Terry Wilfong.
- Who are the officers and directors of COLLEGE OPTIONS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $122,464 (Terry Wilfong, President).
- How much revenue does COLLEGE OPTIONS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $648,915, expenses of $550,366 and total assets of $324,774 at year end.
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