West Sacramento, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Rommel Carlos | Board of Director | 1 |
Officer
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$0 | $0 | $0 |
| Raeselle Lao | Board of Director | 1 |
Officer
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$0 | $0 | $0 |
| Errolben Elepano | Treasurer | 3 |
Officer
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$0 | $0 | $0 |
| Marylou V Carlos | President | 5 |
Officer
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$0 | $0 | $0 |
| Patricia Carlos | Secretary | 3 |
Officer
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$0 | $0 | $0 |
| Gabriel Catapang | Board of Director | 1 |
Officer
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$0 | $0 | $0 |
| Mikhael Catapang | Board of Director | 1 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $48,423 | $20,576 | $57,351 | $27,847 |
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