CREATING OPPORTUNITIES FOR EDUCATIONAL DEVELOPMENT

EIN: 272973078 501(c)(3) Education

West Sacramento, CA

Total Revenue
$48,423
Total Expenses
$20,576
Total Assets
$57,351
Net Assets
$57,351
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Marylou Carlos
Phone
9165448622
Tax Period
2024-01-01 to 2024-12-31

CREATING OPPORTUNITIES FOR EDUCATIONAL DEVELOPMENT, founded in 2010, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 58% operating margin.

Mission

The organization raises funds to provide educational scholarships (college education) to indigent students who are deserving of getting a college education based on their academic and extra curricular performance in high school. However, they cannot afford to attend university and go to college since their families are very poor and their parents cannot afford to send them to school. The students and their families live in poverty. In addition to the inability to go to school, these students are also expected to earn a living for their families, therefore going to college is not an option for them without a scholarship.

Program Service Accomplishments

Program 1
Expenses: $8,505 Revenue: $0

For the year 2023, the program provided financial assistance to a total of 10 indigent college students attending universities in the Philippines. Three of the 10 students were new to the scholarship...

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For the year 2023, the program provided financial assistance to a total of 10 indigent college students attending universities in the Philippines. Three of the 10 students were new to the scholarship program in 2023. All 10 students were required to submit their transcript of records to ensure they passed all their classes and fulfilled the requirement set forth by the COED Board of Directors. Of the 10 students, four attend the University of the Philippines majoring in Fine Arts, Math and Journalism and 2 attend the Polytechnic University of the Philippines, one student attends Mapua Institute of Technology, one attends Pamantasan ng Lungsod ng Maynila and one attends PAmantasan ng lungsod ng Marikina. By the end of 2022, one of the 10 students graduated from the University of the Philippines with a degree in Fine Arts while the 9 remaining students were achieving excellent grades.

Program 2
Expenses: $8,637 Revenue: $0

In 2019, COED initiated an effort to reach out to the indigenous tribe of the Philippines, the Aetas of Tarlac. The tribe lives in the mountains of Tarlac and education is very hard to achieve. There...

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In 2019, COED initiated an effort to reach out to the indigenous tribe of the Philippines, the Aetas of Tarlac. The tribe lives in the mountains of Tarlac and education is very hard to achieve. There are very few children who finish elementary school, let alone high school or achieve a college degree. As it stands right now, there is only a school there up to 3rd grade, then after third grade, the students will have to walk for about 10 km to attend 4th grade up to high school. In addition, since the members of the tribe look physically different from the children of the lowlands, they are discriminated and bullied in school. In 2020, COED successfully recruited 4 high school graduate from the community to attend college who are willing to serve the community by their majors in Education and Criminology. In 2021, COED added another student from the community who is pursuing a degree in engineering. They are now the beacon of hope for the tribe and the community for a better future. The Board members communicate with the student coordinator regularly to provide guidance on the financial assistance the students are receiving for their studies. In late 2022, classes to meet face to face has resumed so they had to give up their apartment and stayed in dormitories close to the school they are attending. Three of the Aeta community scholars unfortunately did not continue their studies in 2023 but there remains 4 students from the community. They are continuing to pursue their degrees in education, agriculture and criminology. By mid 2024, three of the students will be graduating.

Program 3
Expenses: $500 Revenue: $0

In 2023, COED continued to provide scholarships to two students in California. They are both graduates of River City High School in West Sacramento. The students are attending California Polytechnic...

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In 2023, COED continued to provide scholarships to two students in California. They are both graduates of River City High School in West Sacramento. The students are attending California Polytechnic University in San Luis Obispo and UC Berkeley. COED provides scholarships to both of them and will continue to do so as long as their GPA is maintained at 3.0. COED will continue to do so until graduation. In June 2023, the scholar attending UC Berkley graduated. COED continues to support one student attending CAL State San Luis Obispo.

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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 $47,980
Program Service Revenue $0
Investment Income $443
Other Revenue $0
TOTAL REVENUE $48,423

Expense Breakdown

Grants Paid $19,061
Salaries & Benefits $0
Fundraising Expenses $50
Program Expenses $19,061
Other Expenses $1,465
TOTAL EXPENSES $20,576

Year-over-Year Comparison

2024 2023 Change
Revenue $48,423 $16,190 +2.0%
Expenses $20,576 $14,830 +0.4%
Net Income $27,847 $1,360 +19.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rommel Carlos Board of Director 1
Officer
$0 $0 $0
Raeselle Lao Board of Director 1
Officer
$0 $0 $0
Errolben Elepano Treasurer 3
Officer
$0 $0 $0
Marylou V Carlos President 5
Officer
$0 $0 $0
Patricia Carlos Secretary 3
Officer
$0 $0 $0
Gabriel Catapang Board of Director 1
Officer
$0 $0 $0
Mikhael Catapang Board of Director 1
Officer
$0 $0 $0
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
2024 $48,423 $20,576 $57,351 $27,847
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