Overview
What is College Bound Opportunities?
College Bound Opportunities (CBO) is a nonprofit organization located in Riverwoods, Illinois. Their primary mission is to support low-income, first-generation students by offering financial aid, sponsoring college tours, and providing training to enhance their college admission prospects. CBO aims to help these students identify scholarship opportunities and navigate their higher education journey successfully. With a dedicated workforce of 13 individuals, CBO works tirelessly to mentor, empower, and inspire these scholars, enabling them to overcome barriers and achieve academic success, ultimately leading to a prosperous life.
Official website here: www.cbo4success.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76% (Three-Star out of Four Star rating)
College Bound Opportunities (CBO) has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. With an impressive 83% in this area, CBO demonstrates a commitment to transparency and responsible financial management. Its program expense ratio of 79.23% indicates that a significant portion of its funding directly supports its mission-focused programs.
User feedback highlights CBO's strengths, particularly its impactful mentoring programs, which have positively affected over 125 students. Reviewers praise the organization for its unique approach, fostering relationships between mentors and students, and providing essential resources such as ACT tutoring and internship opportunities. The high scores in constituent feedback underscore a strong community perception of the organization's effectiveness and dedication.
However, while CBO showcases robust performance in many key metrics, the lower score in Culture & Community (17%) may suggest areas for improvement in fostering an inclusive and engaging organizational culture. Nonetheless, the feedback indicates that the organization is well-regarded within the communities it serves, suggesting that its strengths far outweigh any limitations noted.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about College Bound Opportunities?
With 4 reviews on Facebook, College Bound Opportunities has not yet received an overall rating. However, one review highlights the service as providing good information and indicates that the reviewer recommends it.
The sentiment towards the organization seems positive, with users appreciating the valuable insights offered. Although the review count is low and lacks a detailed range of opinions, the existing feedback suggests that the nonprofit is on the right track in supporting its constituents.
While there's limited data available at this time, the recommendation hints that users find the organization's offerings beneficial and relevant. It will be interesting to see how more reviews unfold in the future to provide a clearer picture of the nonprofit's impact.
This AI summary has been generated from reviews found on Facebook.
Is College Bound Opportunities legitimate?
College Bound Opportunities is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Bound Opportunities 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: $493,437
For more financial information, click here
Official website here: www.cbo4success.org
What is the mission statement of College Bound Opportunities?
College Bound Opportunities (CBO) has a mission to guide and support low-income, first-generation students, empowering them to overcome various barriers and successfully complete their higher education experiences. The organization aims to mentor these scholars, inspiring them to graduate from college and achieve success in their lives. CBO provides financial assistance, sponsors college trips, and offers training to enhance the students' knowledge and prospects in college admissions. Their goal is to break down cultural and economic barriers that might hinder these students from gaining entry into colleges or universities.
Official website here: www.cbo4success.org
Who is the CEO of College Bound Opportunities?
Brian Weinberg is the Chair of College Bound Opportunities.
Official website here: www.cbo4success.org
What is the revenue of College Bound Opportunities?
College Bound Opportunities's revenue in 2022 was $1,050,401.
Official website here: www.cbo4success.org
Who are the executives of College Bound Opportunities and what are their salaries?
The average compensation at College Bound Opportunities during 2022 was $37,957. There are 13 employees at College Bound Opportunities.
Here are 13 key members and their salaries:
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- Compensation: $124,367
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Official website here: www.cbo4success.org
Where can I find the form 990 for College Bound Opportunities?
College Bound Opportunities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbo4success.org
Learn more at the official website: www.cbo4success.org
Mission Statement of College Bound Opportunities
College Bound Opportunities (CBO) is an organization dedicated to aiding high school and college students of limited means who may face cultural barriers in accessing higher education. The mission of this nonprofit is to mentor, empower, and inspire these individuals, often the first in their families to pursue higher education. By doing so, CBO aims to help these scholars overcome various obstacles, graduate from college, and achieve success in their lives.
In pursuit of this mission, CBO offers a range of assistance to its students. The organization provides financial aid to help students cover their educational expenses. Additionally, CBO sponsors trips for students to visit colleges and universities, offering them a firsthand experience of what higher education has to offer. Furthermore, CBO offers training programs designed to enhance the students' knowledge and prospects for college admission, thereby equipping them with the necessary tools to navigate the complex world of higher education.
In essence, College Bound Opportunities serves as a beacon of hope and support for students who may face financial and cultural barriers in their pursuit of higher education. By offering financial assistance, college visits, and admission-related training, CBO empowers these students to overcome challenges, graduate from college, and achieve personal and professional success.
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Impact
October, 2024
College Bound Opportunities (CBO) significantly impacts the lives of high school and college students from limited means and diverse cultural backgrounds. By providing essential financial assistance, CBO helps alleviate the economic barriers that often prevent these students from pursuing higher education. The organization’s efforts to identify scholarship opportunities opens doors that may have previously seemed closed, enabling more students to embark on their college journeys.
CBO also organizes student trips to colleges, offering firsthand experience of the college environment and fostering aspirations for higher education. This exposure is crucial for students who may lack access to such opportunities due to their socioeconomic backgrounds.
In addition to financial support and college visits, CBO offers training designed to enhance students' knowledge of the college admission process. This comprehensive guidance helps demystify the application process, equipping students with the skills and confidence necessary to navigate the challenges ahead. Through mentoring and empowerment, CBO inspires low-income, first-generation scholars to not only overcome barriers but also to graduate from college and achieve lasting success in their lives.
This information is meant to be a general summary of College Bound Opportunities. 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.
- Investment Income: $25,965
- Gross Receipts: $1,157,740
Assets and Liabilities:
- Total Assets: $1,813,531
- Total Liabilities: $2,169,885
- Net Assets: -$356,354
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Organization Details
Founding Year
2006
Phone
(847) 943-9226Principal Officer
Brian Weinberg
Main Address
2033 N MILWAUKEE AVE 246, RIVERWOODS, IL, 60015
Website
www.cbo4success.orgNTEE Category
Code: B82 - Education
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