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Gift of College

Operating

GIFT OF COLLEGE, INC.

Fintech · Fintech · Calabasas, CA · Founded 2007

Let's end student loan debt

Post-money valuation ⓘ
$24.1M
As of Apr 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$92,358
Across 1 round since 2020
Latest share price
$5.00
Reg CF · Common Stock · Oct 2020 offering price

Financials

FY2018–FY2021 · from SEC filings · hover any figure for its source
$1.1M
$116K
2018
$1.2M
$72K
2019
$947K
−$147K
2020
$600K
−$70K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed
FY2020 unaudited
FY2021 unaudited
Income statement
Revenue
$1,054,718
$1,197,709
$946,690
$599,513
Cost of goods sold
$0
$0
$0
$0
Gross margin
100%
100%
100%
100%
Net income
$115,554
$71,554
-$146,982
-$69,687
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$467,115
$639,099
$622,980
$723,805
Accounts receivable
$28,587
$28,992
$0
$0
Total assets
$509,513
$757,820
$633,020
$733,257
Short-term debt
$677,160
$858,497
$102,848
$0
Long-term debt
$147,929
$143,344
$283,429
$278,312
Total liabilities
$825,089
$1,001,841
$386,277
$278,312
Other
Headcount
—
7
6
6

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$24.0M
pre-money
Reg CF · Common · Oct 2020

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $92.4K / $1.1MInvestors 90Post-money $24.1M

Team

8 people
Wayne Weber
CEO

Wayne Weber, CEO and Founder of GiftofCollege.com, is an entrepreneur dedicated to fighting one of the greatest multigenerational financial crises of our time – student loan debt, which is topping nearly $1.6 trillion in the U.S. Wayne has been a higher education savings advocate at the forefront of providing simple and streamlined solutions for families and employers to help save and pay for college and eliminate the unbearable burden of student loan debt. In 2008, he developed GiftofCollege.com – a leading crowdfunding platform aimed at eradicating student debt and helping Americans save for higher education. Its suite of products includes Gift of College Gift Cards (available online and at over 3000 retailer locations including select Target, Save Mart, Lucky, and H-E-B stores) and Gift of College At-Work, an employee benefit program offering payroll deduction and employer match technology. To learn more about the Gift of College platform or student loan repayment/college savings as an employee benefit, contact: wayne@giftofcollege.com

Brian Pautsch
CTO

Brian is a highly skilled and motivated software architect and developer with over 20 years of experience. He has designed and developed hundreds of web and mobile projects for businesses ranging from small start-ups to large enterprises in every industry. He has organized and executed all phases of SDLC for clients such as AAA, Allstate Insurance, United States Air Force, Thomson Corporation, eNom.com, Register.com, Eaton Corporation, and many more. In 2007, he co-founded KeyLimeTie, LLC. Within the first 4 years, he grew the company from 2 employees to over 40 while earning several awards and accolades. In 2015, he left KeyLimeTie and joined Gift of College. Brian holds multiple technical certifications, is a certified NAUI Divemaster, and 8 time Ironman Finisher. Brian's primary role is currently with Wavoto, he contributes approximately 10-15 hours per week to Gift of College.

Patricia Roberts
COO

Patricia Roberts has helped tens of thousands of families prepare for the cost of higher education through her leadership in nearly every aspect of the 529 college savings arena over the past 20 years. She is currently Chief Operating Officer at Gift of College, Inc. where innovations are created to engage friends, family and employers to help individuals save for college and pay down student loan debt. Prior to this, she held key legal, product and 529 program management roles at major financial services firms and she designed and launched several first-of-their-kind philanthropic programs through which families received seed money for college savings accounts along with valuable financial education and incentives to help them save on their own. In her favorite role of all, she made it a priority to save a little at a time for her son’s higher education expenses by directing contributions from her paycheck into 529 college savings accounts. After 18 years of saving, she will be proud to see him graduate debt-free from college in 2021. Patricia is also a motivational speaker and writer and holds a B.A. in Philosophy and Political Science from Duquesne University and a J.D. from Brooklyn Law School.

Christine Keyser
Director of Operations

Christine Keyser, Director of Operations, has nearly 30 years of mission-orientated experience including 25 years for the largest youth orientated organization in the country. In addition to key operational roles, she held roles in program planning and management, staff and volunteer management, and training. Christine holds a B.S. in Family & Child Studies from Northern Illinois University.

Nadine Perry
Director of Marketing

Nadine has over 20 years of experience leading strategic digital marketing, social media, influencer engagement and analytics initiatives. At GiftofCollege.com, Nadine focuses her talents on creating value for customers through content development, customer success programs, and social strategy. She is passionate about developing brand strategies that inspire and transform brands.

Dr. Kristine Sickels
CMO

Dr. Kristine Sickels has a successful track record in turnaround management, brand building, and strategy development. She is a transformational business leader who is known for a strategic focus on getting results. Throughout her marketing career, Kristine has led the marketing strategy for an impressive portfolio of global consumer brands such as Rubbermaid, Crockpot, Mr. Coffee, Oster, Calphalon, and more. She is an advocate for innovation and communication approaches grounded in consumer insights. Kristine is the CEO and Founder of a marketing consulting agency where she brings executive level thinking and partnership to small & medium sized businesses. Operating as a virtual CMO, she works with brands such as Kimball International, Jess Ekstrom, Nexus Project, to help them grow their businesses with great marketing. She focuses on organizational and personal branding, strategy, innovation along with coaching & mentorship. Kristine is also the Co-Founder, Director, Corporate Secretary & Chief Marketing Officer of Gift of College Inc. College loan debt has become the number one form of consumer debt in the US. Gift of College helps students and families save for college tuition, taking away the stress and worry of college loan debt. Kristine holds a Bachelor of Science in Marketing from Indiana University; a Master of Business Administration from the University of Michigan’s prestigious Ross School of business; and a Doctor of Business Administration from Georgia State University.

Jaime Casap
Strategic Advisor

Jaime Casap is the former Education Evangelist at Google. Jaime evangelizes the power and potential of technology and the web as enabling and supporting tools in pursuit of promoting inquiry-driven learning models. Jaime collaborates with school systems, educational organizations, and leaders focused on building innovation and iteration into our education policies and practices. He speaks on education, technology, innovation, and generation z, at events around the world. In addition to his role at Google, Jaime is also an author and serves on a number of boards for organizations focused on education, innovation, and equity. Jaime teaches a 10th-grade communication class at the Phoenix Coding Academy in Phoenix and is an adjunct professor at Arizona State University, where he teaches classes on policy, innovation, and leadership.

Rob Creaser
CCO

Rob has worked in the financial services and regulatory compliance field for over 25 years. Rob has been with Gift of College for over nine years. The friendship between Wayne Weber, CEO and Rob began as a simple lunch meeting in 2011. Fast forward to 2020. “Our entire Gift of College teams’ passion and mission of bringing awareness to educational savings and addressing the student-loan debt crisis is stronger than ever. As some wise individual once said, it takes ten years to become an overnight success.” For the past two years Rob has been with StartEngine Primary LLC, a registered broker-dealer and FINRA/SIPC member. He currently is the Chief Compliance Officer of StartEngine Primary LLC. Regulation Crowdfunding (Reg CF) is a separately regulated business and is not part of StartEngine Primary LLC’s operations. StartEngine Primary LLC is a wholly owned subsidiary of StartEngine Crowdfunding Inc., which is also the parent company of StartEngine Capital LLC, the funding portal conducting this Regulation Crowdfunding Offering. StartEngine Primary LLC and StartEngine Capital LLC are sister companies. This role is Rob's primary job. Rob received his Bachelors of Science degree in Business Administration, Real Estate and Finance from California State University, Northridge. He currently holds eight securities industry licenses.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 6 annual reports (FY2020–FY2025)

90 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-TRMar 6, 20230001665160-23-000353
    EDGAR
  • Form C-UOct 7, 20220001665160-22-002671
    EDGAR
  • Form C-AR/AJul 7, 20220001665160-22-001989
    EDGAR
  • Form C-ARApr 29, 20220001665160-22-001220
    EDGAR
  • Form C-AR/ADec 17, 20210001665160-21-002241
    EDGAR
  • Form C-ARApr 29, 20210001665160-21-000769
    EDGAR
  • Form C-UApr 15, 20210001665160-21-000469
    EDGAR
  • Form C/AJan 7, 20210001665160-21-000040
    EDGAR
Source: ManualCIK 0001584709CAShare price $5.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.