Overview
What is The Bottom Line Inc?
The Bottom Line Inc, based in Boston, Massachusetts, is a nonprofit organization with a mission to support first-generation students from low-income backgrounds in their college journey. Founded in 1997, the organization has grown to employ 207 individuals. In 2022, they provided assistance to around 700 high school seniors during the college application process and supported 5,600 college students at over 40 campuses, helping them earn degrees and thrive in life. The organization's comprehensive, one-on-one approach includes guiding students through the application process and offering assistance for up to six years in college.
Official website here: www.bottomline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star Rating)
The Bottom Line Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in areas such as program expense ratio and fundraising efficiency, demonstrating a strong commitment to utilizing its resources effectively for its mission of supporting low-income and first-generation college students. A majority of the board members are independent, and the organization has robust policies in place, ensuring transparency and ethical governance.
User feedback from Great Nonprofits consistently highlights the transformative impact of The Bottom Line on its clients. Many alumni and current students express deep gratitude for the personalized support throughout their college application processes and educational journeys. Clients often refer to their counselors as invaluable mentors who provide not only academic guidance but also emotional support, helping them navigate challenges effectively and achieve their educational goals.
While the overall feedback is overwhelmingly positive, there are a few instances where clients noted needing more information or resources at times. However, the strong emphasis on mentorship and individualized attention appears to significantly outweigh any limitations, solidifying The Bottom Line's reputation as a vital resource for students seeking higher education.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Bottom Line Inc legitimate?
The Bottom Line Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bottom Line Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,827,805
For more financial information, click here
Official website here: www.bottomline.org
What is the mission statement of The Bottom Line Inc?
The Bottom Line Inc was established in 1997 with a mission to assist first-generation students from low-income backgrounds in gaining admission to college and graduating. Through one-on-one comprehensive support, the organization helps these students throughout the application process and for up to six years while they pursue their degrees. In fiscal year 2022, The Bottom Line Inc supported roughly 700 high school seniors during the college application process and provided assistance to over 5,600 college students across more than 40 campuses. The goal is to empower these students to succeed in their academic journey and go far in life.
Official website here: www.bottomline.org
Who is the CEO of The Bottom Line Inc?
Steven Colon is the Ceo of The Bottom Line Inc. The CEO's salary of The Bottom Line Inc is $284,174 and their total compensation is $299,203.
Official website here: www.bottomline.org
What is the revenue of The Bottom Line Inc?
The Bottom Line Inc's revenue in 2022 was $18,128,457.
Official website here: www.bottomline.org
Who are the executives of The Bottom Line Inc and what are their salaries?
The average compensation at The Bottom Line Inc during 2022 was $42,646. There are 207 employees and 250 volunteers at The Bottom Line Inc.
Here are 25 key members and their salaries (The Bottom Line Inc's CEO's salary is $284,174 and their total compensation is $299,203):
- Compensation: $284,174
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- Other: $15,029
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- Other: $15,029
- Compensation: $144,475
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- Other: $12,413
- Compensation: $144,379
- Related: $0
- Other: $5,021
- Compensation: $140,316
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- Other: $0
- Compensation: $112,737
- Related: $0
- Other: $2,909
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Official website here: www.bottomline.org
Where can I find the form 990 for The Bottom Line Inc?
The Bottom Line Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bottomline.org
Learn more at the official website: www.bottomline.org
Mission Statement of The Bottom Line Inc
The Bottom Line Inc, a pioneering nonprofit organization founded in 1997, is dedicated to empowering first-generation students from low-income backgrounds to not only gain admission into college but also graduate and thrive in their careers. The organization provides one-on-one comprehensive support throughout the college application process and offers assistance for up to six years while students are in college.
In the academic year of 2022, The Bottom Line Inc made a significant impact on the lives of approximately 700 high school seniors as they navigated the intricacies of the college application process. Meanwhile, the organization provided essential guidance and resources to over 5,600 college students spread across more than 40 campuses, enabling them to persist in their pursuit of higher education and earn their degrees. Through personalized attention and unwavering commitment, The Bottom Line Inc fosters the academic, professional, and personal growth of its students, equipping them with the necessary tools to overcome challenges and reach their full potential.
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Impact
October, 2024
The Bottom Line Inc has a profound impact on first-generation students from low-income backgrounds by providing them with essential support throughout their college journey. Since its inception in 1997, the organization has focused on guiding these students through the college application process and offering comprehensive, one-on-one assistance for up to six years once they are enrolled in college.
In fiscal year 2022, The Bottom Line Inc supported approximately 700 high school seniors, helping them navigate the complexities of college applications. Additionally, the organization aided 5,600 college students across more than 40 campuses, facilitating their progress toward earning a degree. This targeted support not only enhances their college experience but also empowers them to achieve their personal and professional goals. By focusing on education accessibility and student success, The Bottom Line Inc drives significant community improvement, helping to break the cycle of poverty and create a pathway to a brighter future for countless individuals.
This information is meant to be a general summary of The Bottom Line Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $305,150
- Gross Receipts: $18,459,081
Assets and Liabilities:
- Total Assets: $21,295,444
- Total Liabilities: $1,626,084
- Net Assets: $19,669,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$305,150
Organization Details
Founding Year
1997
Phone
(857) 415-4810Principal Officer
Steven Colon
Main Address
50 MILK STREET 16TH FLOOR, BOSTON, MA, 02109
Website
www.bottomline.orgNTEE Category
Code: S99 - Community improvement
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