CENTER FOR SUCCESS NETWORK

EIN: 463792734 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$1,132,060
Total Expenses
$929,126
Total Assets
$672,661
Net Assets
$444,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
ALEX RESNIK
Phone
3133208961
Tax Period
2024-01-01 to 2024-12-31

CENTER FOR SUCCESS NETWORK, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $203K, a strong 18% operating margin.

Mission

CENTER FOR SUCCESS UNITES LITERACY AND COMMUNITY TO EMPOWER STUDENTS IN THE JOURNEY OF EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $750,332 Revenue: $211,651

WE EXIST TO IGNITE A PASSION FOR EDUCATION AND INSPIRE STUDENTS TO THRIVE ACADEMICALLY. THROUGH STRUCTURED INTERVENTIONS SPECIFIC TO EACH LEARNER, WE EXPOSE STUDENTS TO VARIOUS EXPERIENCES THAT...

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WE EXIST TO IGNITE A PASSION FOR EDUCATION AND INSPIRE STUDENTS TO THRIVE ACADEMICALLY. THROUGH STRUCTURED INTERVENTIONS SPECIFIC TO EACH LEARNER, WE EXPOSE STUDENTS TO VARIOUS EXPERIENCES THAT ENCOURAGE THEM IN THEIR JOURNEY TOWARDS SELF-IDENTIFIED GOALS. WE PROVIDE SPACE AND STRUCTURE FOR STUDENTS TO COLLABORATE WITH A DEDICATED MENTOR. OUR INTENTION IS TO PAVE THE WAY FOR LIFELONG, ENGAGED LEARNING. THE CENTER FOR SUCCESS NETWORK (CFSN) DELIVERS EVIDENCE-BASED LITERACY AND YOUTH DEVELOPMENT PROGRAMS THAT ADVANCE ACADEMIC ACHIEVEMENT AND STRENGTHEN SOCIAL-EMOTIONAL SKILLS FOR K8 STUDENTS IN UNDER-RESOURCED COMMUNITIES. THROUGH A PROVEN MODEL GROUNDED IN ONE-ON-ONE LITERACY MENTORING, CONSISTENT ENRICHMENT PROGRAMMING, AND STRONG SCHOOL PARTNERSHIPS, CFSN PROVIDES THE PERSONALIZED SUPPORT STUDENTS NEED TO THRIVE.CFSN'S IMPACT IS DEMONSTRATED THROUGH BOTH MEASURABLE STUDENT GROWTH AND LONG-TERM ENGAGEMENT. EACH YEAR, STUDENTS RECEIVE APPROXIMATELY 60 HOURS OF INDIVIDUALIZED LITERACY INTERVENTION, TARGETED SKILL-BUILDING, AND RELATIONSHIP-BASED MENTORING. OUR PROGRAMS CONSISTENTLY DRIVE ACCELERATED ACADEMIC OUTCOMES: ON AVERAGE, STUDENTS GAIN 4 INDEPENDENT AND 4 INSTRUCTIONAL LEVELS IN A SINGLE PROGRAM YEAR, SIGNIFICANTLY NARROWING ACHIEVEMENT GAPS IN DISTRICTS WITH SOME OF THE LOWEST PROFICIENCY RATES IN MICHIGAN.OUR MODEL CENTERS ON MEANINGFUL CONNECTIONS. MORE THAN 300 TRAINED VOLUNTEER LITERACY MENTORS PROVIDE ONE-ON-ONE SUPPORT, RESULTING IN HIGH PROGRAM CONSISTENCY AND STRONG STUDENT RETENTION. CFSN ALSO DELIVERS AFTER-SCHOOL ENRICHMENT IN STEAM, SOCIAL-EMOTIONAL LEARNING, AND PROJECT-BASED LEARNING, ENSURING STUDENTS RECEIVE A HOLISTIC EXPERIENCE THAT SUPPORTS THEIR ACADEMIC SUCCESS AND PERSONAL DEVELOPMENT.IN 2024, CFSN: PROVIDED OVER 25,000 HOURS OF INDIVIDUALIZED LITERACY MENTORING, SUPPORTED BY TRAINED VOLUNTEERS, CERTIFIED TEACHERS, AND AMERICORPS MEMBERS. ENSURED THAT 84% OF STUDENTS DEMONSTRATED MEASURABLE READING GROWTH, WITH THE MAJORITY ACCELERATING FASTER THAN GRADE-LEVEL EXPECTATIONS. EXPANDED SCHOOL AND COMMUNITY PARTNERSHIPS TO INCREASE ACCESS TO HIGH-QUALITY AFTER-SCHOOL PROGRAMMING FOR STUDENTS WITH LIMITED EXISTING OPTIONS.CFSN HAS MEASURED PROGRAM EFFICACY FOR MORE THAN A DECADE, WITH A FOCUS ON LITERACY OUTCOMES, SOCIAL-EMOTIONAL LEARNING INDICATORS, AND THE PROTECTIVE FACTORS THAT CONTRIBUTE TO LIFELONG SUCCESS. OUR WORK IS DRIVEN BY THE BELIEF THAT EVERY CHILD DESERVES THE OPPORTUNITY TO ACHIEVE THEIR FULL POTENTIALAND OUR RESULTS CONTINUE TO PROVE THAT WHEN STUDENTS ARE GIVEN THE RIGHT SUPPORT AT THE RIGHT TIME, THEY THRIVE.

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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 $920,409
Program Service Revenue $211,651
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,132,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $737,357
Fundraising Expenses $51,760
Program Expenses $750,332
Other Expenses $191,769
TOTAL EXPENSES $929,126

Year-over-Year Comparison

2024 2023 Change
Revenue $1,132,060 $1,096,461 +0.0%
Expenses $929,126 $1,165,191 -0.2%
Net Income $202,934 $-68,730 -4.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
25
Volunteers
410

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
$101,215
Total Directors
7
$101,215
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX RESNIK BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREA MEYER EXECUTIVE DIRECTOR/SECRETA 40.00
Officer Director
$101,215 $0 $101,215
DEREK J IKELER RESIGNED 2024 BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
INGRID WHITE DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BOHNE TREASURER 1.00
Officer Director
$0 $0 $0
SUDHISH SUBHASH DIRECTOR 1.00
Director
$0 $0 $0
LEKISHA TODD DIRECTOR 1.00
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
2024 $1,132,060 $929,126 $672,661 $202,934
2023 $1,096,461 $1,165,191 $456,970 $-68,730
2022 $551,319 $856,441 $573,740 $-305,122
2021 $958,430 $650,185 $871,553 $308,245
2020 $531,611 $495,855 $471,424 $35,756
2019 $562,480 $405,165 $280,200 $157,315
2018 $344,511 $294,835 $124,106 $49,676
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