CRIMSON BUSINESS EDUCATION GROUP LTD

EIN: 320486460 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$1,040,038
Total Expenses
$843,171
Total Assets
$2,032,018
Net Assets
$1,874,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
ELIZABETH YANG
Phone
6172590804
Tax Period
2022-07-01 to 2023-06-30

CRIMSON BUSINESS EDUCATION GROUP LTD, founded in 2016, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $197K, a strong 19% operating margin.

Mission

THE CRIMSON BUSINESS EDUCATION GROUP (CBE) IS DEDICATED TO PREPARING STUDENTS FROM DIVERSE ACADEMIC AND SOCIOECONOMIC BACKGROUNDS TO BE TALENTED, ETHICAL, AND PRODUCTIVE LEADERS IN THE RAPIDLY CHANGING BUSINESS WORLD. CBE ACHIEVES ITS MISSION THROUGH PRO BONO TRAINING SEMINARS, EDUCATIONAL CONFERENCES, BUSINESS COMPETITIONS, CORPORATE SPONSORSHIPS, AND STUDENT MENTORSHIP PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,025,868
Investment Income $5,396
Other Revenue $8,774
TOTAL REVENUE $1,040,038

Expense Breakdown

Grants Paid $107,190
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $664,470
Other Expenses $735,981
TOTAL EXPENSES $843,171

Year-over-Year Comparison

2022 2021 Change
Revenue $1,040,038 $1,205,454 -0.1%
Expenses $843,171 $855,604 0.0%
Net Income $196,867 $349,850 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
9
Employees
N/A
Volunteers
122

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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH YANG PRESIDENT - 07/22-12/22 10.00
Officer Director
$0 $0 $0
IRIS CHEN VICE PRESIDENT-07/22-12/22 & PRESIDENT 01/23-06/23 10.00
Officer Director
$0 $0 $0
BRAEDON PRICE DIRECTOR -07/22-06/23 10.00
Officer Director
$0 $0 $0
AUDREY VANDERSLICE DIRECTOR -07/22-06/23 10.00
Director
$0 $0 $0
HAILEY OLCOTT DIRECTOR -07/22-12/22 & TREASURER 01/23-06/23 10.00
Officer Director
$0 $0 $0
ZOREE JONES DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
ERIC SHEN DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
CHARLIE YANG DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
IRIS YAN DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
HELENA JIANG DIRECTOR -07/22-06/23 10.00
Director
$0 $0 $0
CHARLES MA DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
HELEN HE DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
JOEY LIU DIRECTOR - 07/22-12/22 10.00
Director
$0 $0 $0
ALEX FLEURY DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
LAUREN SHEN DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
LINDSEY CHAN DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
SPENCER TYSON DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
MARINA SANCHEZ DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
ANDREA FERNANDEZ DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
HENRY BAE DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
ELLIOT CHIN DIRECTOR - 01/23-06/23 10.00
Director
$0 $0 $0
WILL SCHREPFERMAN DIRECTOR -07/22-06/23 10.00
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,040,038 $843,171 $2,032,018 $196,867
2022 $1,205,454 $855,604 $1,808,569 $349,850
2021 $993,363 $640,697 $1,516,290 $352,666
2020 $437,142 $489,079 $1,146,225 $-51,937
2019 $881,652 $459,589 $1,077,810 $422,063
2018 $993,076 $354,208 $645,090 $638,868
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