Overview
What is College Now Greater Cleveland Inc?
College Now Greater Cleveland Inc is a Cleveland-based nonprofit organization dedicated to expanding post-secondary educational opportunities. With a team of 407 employees, they provide scholarships and financial aid counseling to over 2,300 traditional age and adult students from Northeast Ohio each year, distributing over $7.5 million in scholarships in the 2021-2022 academic year. This dedicated organization goes beyond just scholarships. College Now also offers retention services, ensuring successful transitions to post-secondary education. Their innovative e-mentoring program, supported by about 1,700 community volunteers, strengthens persistence and completion for their traditional age students. College Now has served hundreds of thousands of individuals since its inception in 1967 and has awarded a remarkable $94.5 million in scholarships to Northeast Ohio students and adult learners. Their mission continues to be increasing post-secondary educational attainment through college and career access advising, financial aid counseling, and scholarship and retention services.
Official website here: www.collegenowgc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
College Now Greater Cleveland Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization boasts a remarkable Accountability & Finance score of 97, alongside a perfect score of 100 for Leadership & Adaptability. These ratings indicate that College Now operates with transparency and a commitment to responsible financial management, which is crucial for donor confidence.
The organization features a fully independent board, demonstrating its commitment to governance and oversight. With a high program expense ratio of 92.15%, it ensures that the majority of its funds are directed towards its mission of assisting students in accessing and completing postsecondary education. Additionally, its low fundraising efficiency ratio of $0.03 shows that the organization is able to raise funds effectively without significant expenditure on fundraising activities.
While the data reflects strong operational practices and strategic investment in leadership development, there are no notable limitations highlighted in the available information. Overall, College Now Greater Cleveland Inc exemplifies a well-managed nonprofit dedicated to its mission and effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is College Now Greater Cleveland Inc legitimate?
College Now Greater Cleveland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Now Greater Cleveland 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: $1,527,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,111,832
For more financial information, click here
Official website here: www.collegenowgc.org
What is the mission statement of College Now Greater Cleveland Inc?
College Now Greater Cleveland Inc strives to boost post-secondary educational attainment by providing college and career advising, financial aid counseling, and scholarship and retention services. Their mission is geared towards ensuring the success of students in transitioning to and persisting through college, with a particular focus on those from low-income backgrounds. The organization's innovative e-mentoring program, supported by approximately 1,700 community volunteers, strengthens college persistence and completion. Traditional students enrolled with College Now exhibit higher college enrollment rates compared to their low-income counterparts nationwide and have graduation rates above the national average. Since its inception in 1967, College Now has served hundreds of thousands of individuals and awarded over $94.5 million in scholarships to Northeast Ohio students and adult learners.
Official website here: www.collegenowgc.org
Who is the CEO of College Now Greater Cleveland Inc?
Lee Friedman is the Chief Executive Officer of College Now Greater Cleveland Inc. The CEO's salary of College Now Greater Cleveland Inc is $469,859 and their total compensation is $507,017.
Official website here: www.collegenowgc.org
What is the revenue of College Now Greater Cleveland Inc?
College Now Greater Cleveland Inc's revenue in 2022 was $24,635,286.
Official website here: www.collegenowgc.org
Who are the executives of College Now Greater Cleveland Inc and what are their salaries?
The average compensation at College Now Greater Cleveland Inc during 2022 was $21,227. There are 407 employees and 2000 volunteers at College Now Greater Cleveland Inc.
Here are 66 key members and their salaries (College Now Greater Cleveland Inc's CEO's salary is $469,859 and their total compensation is $507,017):
- Compensation: $469,859
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- Compensation: $153,485
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- Compensation: $125,776
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- Other: $15,276
- Compensation: $114,656
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Official website here: www.collegenowgc.org
Where can I find the form 990 for College Now Greater Cleveland Inc?
College Now Greater Cleveland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegenowgc.org
Learn more at the official website: www.collegenowgc.org
Mission Statement of College Now Greater Cleveland Inc
College Now Greater Cleveland Inc, a renowned nonprofit organization, is dedicated to enhancing post-secondary educational attainment by providing college and career access advising, financial aid counseling, and scholarship and retention services. Its primary objective is to empower students, both traditional age and adults, from the Northeast Ohio area, by offering scholarships and ensuring their successful transitions to and through the initial year of post-secondary enrollment.
Through its own scholarship program and those it manages, College Now Greater Cleveland Inc awarded over 2,300 scholarships totaling over $7.5 million in the 2021-2022 academic year. This funding not only enables students to attend college but also reinforces their commitment to completing their education. College Now's innovative e-mentoring program, supported by approximately 1,700 community volunteers, further strengthens post-secondary persistence and completion among its traditional age students.
College Now's impact on students is significant. Traditional students enroll in college at higher rates than their low-income counterparts nationwide and near the average rate for students from all income backgrounds. Moreover, College Now's traditional student scholarship recipients graduate from college at significantly higher rates than their peers from low-income backgrounds and above the rates of all US students. Since its inception in 1967, College Now has served hundreds of thousands of individuals and awarded over $94.5 million in scholarships to Northeast Ohio students and adult learners.
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Impact
October, 2024
College Now Greater Cleveland Inc significantly boosts postsecondary educational attainment in the region through its comprehensive suite of support services. By providing college and career access advising, financial aid counseling, and robust scholarship and retention services, it empowers both traditional-age students and adult learners to overcome barriers to higher education.
In the 2021-2022 academic year alone, College Now awarded over $7.5 million in scholarships to more than 2,300 students from Northeast Ohio. This financial assistance not only facilitates enrollment but also enhances academic persistence and completion rates. The innovative e-mentoring program, supported by around 1,700 community volunteers, plays a crucial role in ensuring that students successfully navigate their first year of college and beyond.
The impact of College Now is evident in the enrollment and graduation rates of its scholarship recipients. Traditional students who benefit from these scholarships enroll in college at higher rates compared to their peers from low-income backgrounds nationwide, and they graduate at rates significantly above those of their counterparts. Since its inception in 1967, College Now has awarded approximately $94.5 million in scholarships and served hundreds of thousands of individuals, solidifying its vital role in advancing educational access and success in the Cleveland area.
This information is meant to be a general summary of College Now Greater Cleveland 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.
- Investment Income: $1,305,239
- Program Service Revenue: $1,612,199
- Gross Receipts: $26,011,414
Assets and Liabilities:
- Total Assets: $27,547,579
- Total Liabilities: $6,636,352
- Net Assets: $20,911,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENT BY SCHOOLS
Revenue
$1,409,699
SCHOLARSHIP ADMIN FEE
Revenue
$202,500
Organization Details
Founding Year
1967
Phone
(216) 241-5587Principal Officer
Lee Friedman
Main Address
1500 West 3rd Street Suite 125, Cleveland, OH, 44113
Website
www.collegenowgc.orgNTEE Category
Code: B820 - Education
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