Overview
What is Bound For College Inc?
Bound For College Inc, located in Delray Beach, Florida, is a nonprofit organization dedicated to empowering economically disadvantaged students. Through various programs and services, they aim to help students reach their full potential. Their offerings include ACT/SAT test tutoring and preparation, educational field trips and college tours, swim lessons, outdoor activities, life skills enrichment, mental health counseling, and direct student support through supplemental funding for unexpected college expenses. Additionally, they provide group mentoring and engage in environmental education and community projects.
Official website here: www.weareboundforcollege.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
Bound For College Inc demonstrates a strong performance with an overall score of 89%, reflecting its solid accountability and finance practices. The organization excels in having an independent board, achieving a perfect score for both the independence and size of its board members. Additionally, it maintains a commendable program expense ratio, indicating that a significant portion of its funds is directed towards its core mission.
While Bound For College Inc shows strengths in governance and financial health, it faces some limitations, particularly in its Culture & Community score of 79. The absence of a whistleblower policy, which received a score of zero, is a notable gap in its governance practices. This could impact its ability to manage internal concerns effectively and maintain a transparent organizational culture.
Overall, while Bound For College Inc is a reliable nonprofit with strong financial practices and governance structures, addressing its cultural and policy weaknesses could further enhance its effectiveness and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bound For College Inc legitimate?
Bound For College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bound For College 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: $34,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,746
For more financial information, click here
Official website here: www.weareboundforcollege.org
What is the mission statement of Bound For College Inc?
Bound For College Inc is dedicated to helping economically disadvantaged students reach their full potential. Through various initiatives, the organization strives to prepare students for college by providing ACT/SAT test tutoring and preparation, as well as college tours and field trips. Additionally, Bound For College Inc focuses on environmental education, community projects, and life skills enrichment programs. The organization also offers direct student support by providing supplemental funding for unexpected college expenses, such as medical or travel costs. Furthermore, group mentoring is available to offer guidance and encouragement to students as they pursue higher education.
Official website here: www.weareboundforcollege.org
Who is the CEO of Bound For College Inc?
Michael Hlatki is the Executive Dir. of Bound For College Inc.
Official website here: www.weareboundforcollege.org
What is the revenue of Bound For College Inc?
Bound For College Inc's revenue in 2022 was $369,554.
Official website here: www.weareboundforcollege.org
Who are the executives of Bound For College Inc and what are their salaries?
The average compensation at Bound For College Inc during 2022 was $44,370. There is 1 employee and 13 volunteers at Bound For College Inc.
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Official website here: www.weareboundforcollege.org
Where can I find the form 990 for Bound For College Inc?
Bound For College Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weareboundforcollege.org
Learn more at the official website: www.weareboundforcollege.org
Mission Statement of Bound For College Inc
Bound For College Inc, a dedicated nonprofit organization, strives to help economically disadvantaged students unlock their full potential. Through its various initiatives, the organization provides essential resources and support to enable students to thrive academically and personally.
The heart of Bound For College Inc's mission lies in offering ACT/SAT test tutoring and preparation. These crucial services help students build confidence and improve their skills, enhancing their chances of securing admissions to colleges and universities. In addition to academic support, the organization arranges field trips and college tours, exposing students to the vast opportunities available to them beyond high school.
Environmental education and community projects are another significant aspect of Bound For College Inc's mission. These initiatives foster a sense of stewardship and responsibility among students, promoting their growth as future leaders. Swim lessons and outdoor activities are offered to help students develop essential life skills, fostering their physical and emotional wellbeing. The organization also provides life skills enrichment programs, which instill valuable lessons in students, preparing them for the challenges of college and beyond.
To further support students in their academic and personal journeys, Bound For College Inc offers direct student assistance, providing supplemental funding for medical, travel, and other unforeseen college needs. Group mentoring is also an integral part of the organization's offerings, creating a nurturing environment where students can connect with their peers and learn from one another.
In summary, Bound For College Inc is a transformative force in the lives of economically disadvantaged students. By offering ACT/SAT test tutoring and preparation, field trips and college tours, environmental education and community projects, swim lessons, outdoor activities, life skills enrichment, direct student support, and group mentoring, the organization equips students with the tools they need to succeed and reach their full potential.
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Impact
October, 2024
Bound For College Inc plays a significant role in empowering economically disadvantaged students to achieve their academic and personal goals. By providing comprehensive ACT/SAT test tutoring and preparation, the organization equips students with essential skills to succeed in their college admissions process.
In addition to academic support, Bound For College Inc offers enriching experiences through field trips and college tours, allowing students to explore educational opportunities beyond their immediate environment. The inclusion of environmental education and community projects fosters a sense of responsibility and engagement with the world around them.
Moreover, the organization recognizes the importance of life skills development, offering swim lessons, outdoor activities, and group mentoring to promote personal growth and social interaction. This holistic approach not only supports academic achievement but also nurtures essential life skills that are critical for future success.
Direct student support addresses unforeseen challenges by providing supplemental funding for medical, travel, and other college-related needs, ensuring that financial barriers do not hinder students' educational journeys. Through family strengthening initiatives, including mental health counseling, Bound For College Inc supports the overall well-being of students and their families, fostering a nurturing environment for growth.
In summary, Bound For College Inc's impact is multifaceted, addressing academic, personal, and financial needs, all aimed at helping students reach their full potential and thrive in their educational pursuits and beyond.
This information is meant to be a general summary of Bound For College 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: $170
- Gross Receipts: $369,554
Assets and Liabilities:
- Total Assets: $392,157
- Total Liabilities: $1,938
- Net Assets: $390,219
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Organization Details
Founding Year
2012
Phone
(561) 819-9907Principal Officer
Michael Hlatki
Main Address
1730 S Federal Highway Suite 297, Delray Beach, FL, 33483
Website
www.weareboundforcollege.orgNTEE Category
Code: D61 - Animals
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