BELIEVE IN STUDENTS INC

EIN: 813612875 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$448,169
Total Expenses
$748,524
Total Assets
$324,227
Net Assets
$286,216
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
PA
Principal Officer
TRACI KIRTLEY
Phone
2672254845
Tax Period
2023-01-01 to 2023-12-31

BELIEVE IN STUDENTS INC, founded in 2016, is a small nonprofit that reported $448K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $749K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO ADDRESS THE BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS TO PROMOTE COLLEGE ATTAINMENT, BY DEVELOPING AND SUPPORTING INNOVATIVE, SUSTAINABLE, AND EFFECTIVE SOLUTIONS THAT CAN SCALE TO MEET THE WIDESPREAD DEMANDS.

Program Service Accomplishments

Program 1
Expenses: $186,582

FAST FUND NETWORK - THE FAST FUND IS THE ORGANIZATION'S FLAGSHIP PROGRAM, WHERE SMALL-DOLLAR, FLEXIBLE EMERGENCY AID GRANTS ARE PROVIDED TO STUDENTS TO ADDRESS IMMEDIATE BASIC NEEDS CHALLENGES THAT...

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FAST FUND NETWORK - THE FAST FUND IS THE ORGANIZATION'S FLAGSHIP PROGRAM, WHERE SMALL-DOLLAR, FLEXIBLE EMERGENCY AID GRANTS ARE PROVIDED TO STUDENTS TO ADDRESS IMMEDIATE BASIC NEEDS CHALLENGES THAT THREATEN THEIR ABILITY TO STAY IN SCHOOL. THE ORGANIZATION DOES THIS BY ORGANIZING A NETWORK OF FACULTY ON CAMPUSES ACROSS THE COUNTRY WHO SERVE AS VOLUNTEER PROGRAM LEADERS TO ENGAGE FACULTY, STAFF, AND IMPACTED STUDENTS IN ADDRESSING STUDENT BASIC NEEDS INSECURITY, INCLUDING DISSEMINATING EMERGENCY GRANTS FROM FUNDS RAISED THROUGH BIS AND OTHERS. IN 2023, BIS DISTRIBUTED 100,090 DIRECTLY, AND COORDINATED AND SUPPORTED 30 OTHER FAST FUND LEADERS ACROSS THE COUNTRY TO HELP THEM RAISE AN ADDITIONAL 438,869 TO SUPPORT STUDENTS AS EMERGENCY AID. THE AVERAGE GRANT SIZE INCREASED SLIGHTLY, FROM 262 TO 302, DRIVEN PRIMARILY BY NEEDS RELATED TO HOUSING COSTS. THE ORGANIZATION ALSO PUBLISHED ITS FIRST IMPACT REPORT, WHICH GENERATED A MAJOR FEATURE STORY IN ONE OF THE PREMIER HIGHER EDUCATION PUBLICATIONS. THE REPORT CAN BE FOUND AT HTTPS://BELIEVEINSTUDENTS.ORG/WP- CONTENT/UPLOADS/2023/10/BELIEVEINSTUDENTS_FASTFUNDIMPACTREPORT_2023-3.PDF

Program 2
Expenses: $180,674

BIS IS THE ORGANIZATIONAL HOME OF THE REAL COLLEGE MOVEMENT, A NATIONAL EFFORT TO RAISE AWARENESS OF BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS AND REDEFINE WHAT IT MEANS TO BE A STUDENT-READY...

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BIS IS THE ORGANIZATIONAL HOME OF THE REAL COLLEGE MOVEMENT, A NATIONAL EFFORT TO RAISE AWARENESS OF BASIC NEEDS INSECURITY AMONG COLLEGE STUDENTS AND REDEFINE WHAT IT MEANS TO BE A STUDENT-READY COLLEGE. THE ORGANIZATION DEVELOPS EDUCATIONAL TOOLS AND RESOURCES TO EDUCATE AND EMPOWER FACULTY, STAFF, AND ADMINISTRATORS IN HIGHER EDUCATION TO DEVELOP AND EXECUTE STRATEGIES TO BETTER ADDRESS STUDENTS' BASIC NEEDS IN A WAY THAT WILL INCREASE PERSISTENCE AND GRADUATION. IN 2023, BIS PRODUCED AND DISSEMINATED TWO REPORTS ABOUT THE IMPACT OF EMERGENCY AID ON STUDENT PERSISTENCE, AND BEGAN WORK ON THE REALCOLLEGE CURRICULUM, ON ONLINE RESOURCE FOR EDUCATORS TO BETTER UNDERSTAND WHY BASIC NEEDS INSECURITY EXISTS AND HOW TO ADDRESS IT.

Program 3
Expenses: $216,478

GREAT LAKES CONSORTIUM - IN AN EFFORT TO PURSUE STRUCTURAL SOLUTIONS, THE ORGANIZATION LAUNCHED THE GREAT LAKES FAST FUND CONSORTIUM, ORGANIZING AND LEADING A GROUP OF FAST FUND LEADERS AT COLLEGES...

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GREAT LAKES CONSORTIUM - IN AN EFFORT TO PURSUE STRUCTURAL SOLUTIONS, THE ORGANIZATION LAUNCHED THE GREAT LAKES FAST FUND CONSORTIUM, ORGANIZING AND LEADING A GROUP OF FAST FUND LEADERS AT COLLEGES IN THE GREAT LAKES REGION TO DEVELOP AN ADVOCACY AGENDA, CREATE A PAID STUDENT FELLOWSHIP TO TRAIN AND SUPPORT IMPACTED STUDENTS TO SERVE AS LEADERS IN THIS WORK, AND ORGANIZE FACULTY, STAFF, AND STUDENTS TO ADVOCATE FOR CAMPUS POLICY AND PRACTICE CHANGES. FACULTY AND STUDENTS ON FIVE CAMPUSES WORKED TOGETHER TO SUPPORT 12 FELLOWS WHO PURSUED CAMPUS INNOVATIONS TO BETTER ADDRESS FOOD AND HOUSING INSECURITY ON THEIR CAMPUSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $438,761
Program Service Revenue $0
Investment Income $9,408
Other Revenue $0
TOTAL REVENUE $448,169

Expense Breakdown

Grants Paid $0
Salaries & Benefits $392,447
Fundraising Expenses $64,428
Program Expenses $596,550
Other Expenses $356,077
TOTAL EXPENSES $748,524

Year-over-Year Comparison

2023 2022 Change
Revenue $448,169 $567,193 -0.2%
Expenses $748,524 $1,047,838 -0.3%
Net Income $-300,355 $-480,645 -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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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
N/A

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
$107,951
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACI KIRTLEY CEO 50.00
Officer
$104,373 $3,578 $107,951
RICHARD BINSWANGER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
RENE BRYCE-LAPORTE MEMBER 1.00
Director
$0 $0 $0
MARK HAYS BOARD TREASU 1.00
Officer Director
$0 $0 $0
BILL KIOLBASA MEMBER 1.00
Director
$0 $0 $0
STEPHANIE OWENS MEMBER 1.00
Director
$0 $0 $0
JESSE THOMPSON MEMBER 1.00
Director
$0 $0 $0
DR ELIZABETH VAQUERA MEMBER 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 No data No data No data No data
2023 $448,169 $748,524 $324,227 $-300,355
2022 $567,193 $1,047,838 $862,473 $-480,645
2021 $469,083 $1,841,890 $1,174,357 $-1,372,807
2020 $3,803,135 $1,671,059 $2,546,943 $2,132,076
2019 $363,968 $159,215 $316,475 $204,753
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