Overview
What is Collegebound Foundation Inc?
Collegebound Foundation Inc, located in Baltimore, Maryland, is a dedicated nonprofit organization with a mission to inspire and assist Baltimore City Public School students in pursuing post-secondary education. They achieve this goal through their college advising program, offering valuable counseling services, and providing financial resources. With a team of 48 employees, the foundation strives to empower students, offering them the guidance and support needed to navigate the path towards higher education. Their work contributes to fostering educational opportunities and promoting academic growth within the Baltimore community.
Official website here: www.collegeboundfoundation.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% - Four-Star out of Four Star Rating**
The Collegebound Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, indicating strong performance across accountability, finance, and impact. This high rating is a reflection of the organization's commitment to transparency and effective financial management, highlighted by its 100% independent board and a noteworthy program expense ratio of 84.72%. This suggests that a significant majority of its funds are directed towards program services rather than overhead costs.
The foundation has demonstrated its effectiveness in delivering educational support, having successfully impacted 2,430 beneficiaries through its High School Advising Program. Furthermore, the organization is held in high regard for its accountability practices, including a robust audit and oversight structure and a comprehensive conflict of interest policy. However, it's important to note that there is a lack of publicly accessible tax forms, which may hinder complete transparency.
Unfortunately, user reviews from GreatNonprofits are currently unavailable, limiting insight from the general public regarding their experiences with the organization. Overall, Collegebound Foundation Inc. appears to be a well-managed nonprofit with a solid track record in serving students and communities, although prospective donors and beneficiaries might look for additional personal testimonials to gain a more rounded view of the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Collegebound Foundation Inc legitimate?
Collegebound Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collegebound Foundation 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: $574,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,181,016
For more financial information, click here
Official website here: www.collegeboundfoundation.org
What is the mission statement of Collegebound Foundation Inc?
The Collegebound Foundation Inc's mission is centered around encouraging and facilitating the pursuit of post-secondary education for students from Baltimore City Public Schools. They accomplish this by offering counseling services through their college advising program and providing necessary financial resources. The organization aims to equip these students with the tools and support needed to navigate the educational landscape beyond high school. By doing so, they contribute to enhancing the prospects and opportunities for these students' future academic and professional endeavors.
Official website here: www.collegeboundfoundation.org
What is the revenue of Collegebound Foundation Inc?
Collegebound Foundation Inc's revenue in 2023 was $8,625,849.
Official website here: www.collegeboundfoundation.org
Who are the executives of Collegebound Foundation Inc and what are their salaries?
The average compensation at Collegebound Foundation Inc during 2023 was $45,172. There are 61 employees and 185 volunteers at Collegebound Foundation Inc.
Here are 39 key members and their salaries:
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Official website here: www.collegeboundfoundation.org
Where can I find the form 990 for Collegebound Foundation Inc?
Collegebound Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.collegeboundfoundation.org
Learn more at the official website: www.collegeboundfoundation.org
Mission Statement of Collegebound Foundation Inc
Collegebound Foundation Inc is committed to fostering the aspirations of Baltimore City Public School students by encouraging and facilitating their pursuit of post-secondary education. The organization achieves this mission through its two primary strategies: counseling and financial resources. By providing college advising services, Collegebound Foundation Inc empowers students to navigate the often complex process of applying to and funding higher education. This support extends beyond just information, as the foundation also offers financial resources to help make this goal more attainable. In doing so, Collegebound Foundation Inc plays a crucial role in equipping Baltimore City Public School students with the tools they need to successfully transition from high school to higher education.
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Impact
July, 2024
Collegebound Foundation Inc's impact is significant in Baltimore City, Maryland. By providing counseling and financial resources to Baltimore City public school students, the organization encourages and enables these students to pursue a postsecondary education. Through its college advising program and financial assistance, Collegebound Foundation Inc plays a crucial role in supporting students and helping them achieve their academic goals. This direct support is pivotal in empowering students to overcome barriers and access higher education opportunities.
This information is meant to be a general summary of Collegebound Foundation 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 2023.
- Investment Income: $924,663
- Gross Receipts: $9,158,561
Assets and Liabilities:
- Total Assets: $36,170,637
- Total Liabilities: $841,112
- Net Assets: $35,329,525
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Organization Details
Founding Year
1988
Principal Officer
Catherine Motz
NTEE Category
Code: B90 - Education
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