COLLEGE FOR CERTAIN INC

EIN: 271870108 501(c)(3) Education

OAKLAND, CA

Total Revenue
$14,320,441
Total Expenses
$19,196,057
Total Assets
$228,141,259
Net Assets
$9,636,983
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
MALA BATRA
Phone
5104345000
Tax Period
2024-07-01 to 2025-06-30

COLLEGE FOR CERTAIN INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $14.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $19.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO SUPPORT ASPIRE PUBLIC SCHOOLS, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $19,196,057 Revenue: $13,406,746

COLLEGE FOR CERTAIN, INC. FACILITATED AND SUPPORTED THE DEVELOPMENT OF CHARTER SCHOOLS FOR ASPIRE PUBLIC SCHOOLS. THE ORGANIZATION IS THE SOLE OWNER AND PARENT OF TWO LLCS: COLLEGE FOR CERTAIN, LLC...

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COLLEGE FOR CERTAIN, INC. FACILITATED AND SUPPORTED THE DEVELOPMENT OF CHARTER SCHOOLS FOR ASPIRE PUBLIC SCHOOLS. THE ORGANIZATION IS THE SOLE OWNER AND PARENT OF TWO LLCS: COLLEGE FOR CERTAIN, LLC, AND COLLEGE FOR CERTAIN II, LLC, BOTH OF WHICH HOLD TITLE, MANAGE, OPERATE, AND LEASE PROPERTIES WHERE ASPIRE PUBLIC SCHOOLS OPERATES ITS CHARTER SCHOOLS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,406,746
Investment Income $913,695
Other Revenue $0
TOTAL REVENUE $14,320,441

Expense Breakdown

Grants Paid $2,720,711
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,196,057
Other Expenses $16,475,346
TOTAL EXPENSES $19,196,057

Year-over-Year Comparison

2024 2023 Change
Revenue $14,320,441 $15,606,421 -0.1%
Expenses $19,196,057 $17,099,007 +0.1%
Net Income $-4,875,616 $-1,492,586 +2.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,036,793
Total Directors
3
$1,036,793
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MALA BATRA PRESIDENT 1.00
Officer Director
$0 $110,377 $410,738
MARY CHA-CASWELL COO 1.00
Officer Director
$0 $57,051 $310,093
MICHAEL WIMBISH TREASURER 1.00
Officer Director
$0 $83,474 $315,962
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,320,441 $19,196,057 $228,141,259 $-4,875,616
2024 $15,606,421 $17,099,007 $236,804,659 $-1,492,586
2023 $15,046,860 $12,641,481 $240,332,090 $2,405,379
2022 $10,498,401 $9,569,450 $238,495,591 $928,951
2021 $19,960,533 $8,708,471 $162,300,050 $11,252,062
2020 $6,842,429 $8,127,084 $104,940,896 $-1,284,655
2019 $6,900,491 $7,999,274 $108,350,276 $-1,098,783
2018 $6,810,321 $8,026,674 $111,657,065 $-1,216,353
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