Data / Crowdfunding / California / GIFT OF COLLEGE, INC.
GIFT OF COLLEGE, INC.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2021)
GIFT OF COLLEGE, INC., a corporation in Calabasas, CA, filed a Form C with the SEC on January 7, 2021 to raise $10,000 to $1,070,000 in Class A Common Voting through StartEngine Capital, LLC. The offering closed on April 14, 2021. In its most recent fiscal year it reported $1,197,709 in revenue and $71,554 in net income, with 7 employees.
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- Website
- www.giftofcollege.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 24005 VENTURA BOULEVARD, Calabasas, CA 91302
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- September 11, 2007
- SEC CIK
- 0001584709
Offering terms
From the amendment filed January 7, 2021.
- Security
- Class A Common Voting
- Price
- $5.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- April 14, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-U filed October 7, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,197,709 | $1,054,718 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $71,554 | $115,554 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $757,820 | $509,513 | sec.gov |
| Cash | $639,099 | $467,115 | sec.gov |
| Accounts receivable | $28,992 | $28,587 | sec.gov |
| Short-term debt | $858,497 | $677,160 | sec.gov |
| Long-term debt | $143,344 | $147,929 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 6, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| October 7, 2022 | Progress update | $10,000 | $1,070,000 | April 14, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $92,358.22 and 19,942 number of securities. | sec.gov |
| July 7, 2022 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| December 17, 2021 | Annual report, amended | Not listed | Not listed | sec.gov | ||
| April 29, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 15, 2021 | Progress update | $10,000 | $1,070,000 | April 14, 2021 | At the close of the offering, the issuer closed on $89,235.00 and 19,942 number of securities. | sec.gov |
| January 7, 2021 | Amendment | $10,000 | $1,070,000 | April 14, 2021 | Issuer provided stamped Secretary of State document. | sec.gov |
| November 24, 2020 | Amendment | $10,000 | $1,070,000 | April 14, 2021 | Gift of College removed Dan Schatt as board member | sec.gov |
| October 16, 2020 | Offering | $10,000 | $1,070,000 | April 14, 2021 | sec.gov |
Updated March 6, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.