philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

College Bound Opportunities FY2023 filing

Tax-deductible

Highland Park, IL501(c)(3)Since 2006Education EIN 20-4811544Revenue $1.0M in FY2023Latest return filed May 7, 2026

On file with the IRScbo4success.orgHighland Park, ILTax-exempt since May 2007Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

College Bound Opportunities mentors, empowers and inspires low-income, first-generation scholars to overcome barriers, graduate College and achieve success in life.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4811544) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $114K a year · 11% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
74% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
Cash reserves
10.7 mo
of spending, in cash
10.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
132% of total assets
Liabilities are 132% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.0M
-3% vs prior year
Spent
$1.1M
To programs
74%
Net assets
−$522K
By yearFY2021–FY2025
Revenue
$1.0M
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
FY2025$1.1M
Expenses
$1.1M
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$1.1M
FY2024$1.0M
FY2025$1.3M
Net assets
−$522K
FY2023▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2021−$42K
FY2022−$356K
FY2023−$522K
FY2024−$117K
FY2025−$237K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Visit site Support Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $851K Management & general 7% · $75K Fundraising 19% · $220K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $128K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Susan R Bell
Executive Director
$128,397Pt VII · Sec A
Karen Lygizos
Vice Chair
$0Pt VII · Sec A
Matt Laughton
Treasurer/Secretary
$0Pt VII · Sec A
Todd Heyden
Director
$0Pt VII · Sec A
Beth Hull
Director
$0Pt VII · Sec A
Seth Katz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan R Bell’s $134K as Former Executive Director is at the 55th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Susan R Bell$134,204$132,250$128,397$124,367$120,169

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See College Bound Opportunities executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income students overcome barriers to college and succeed in higher education.

Questions for College Bound Opportunities

Tap to ask. College Bound Opportunities sees how many people are interested.

Your first name shows with your question. College Bound Opportunities answers here, for everyone.

1 program · $851K · in their own filed words · FY2022
01

The organization provided financial assistance to students, sponsored student trips to colleges, and provided training aimed toward enhancing the student's college admission knowledge and prospects.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4811544) · Dispute this line
$851Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Schultz Family Private FoundationFY2025$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 5 grants · $2.0M · 2020–2024
Unitemized GrantFY2024$416,000
Unitemized GrantFY2023$237,220
Unitemized GrantFY2022$320,803
Unitemized GrantFY2021$542,553
Unitemized GrantFY2020$503,192

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$814K
Other incomeLn 4–11$133K
Investment incomeLn 3$70K
Money outPt IX
$1.1M
Ln 25
Programscol B$851K
Managementcol C$75K
Fundraisingcol D$220K
Owns and owesPt X
−$522K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.6M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$814K
Government grantsLn 1e$6K
Fundraising eventsLn 1c$140K
Investment incomeLn 3$70K
Other incomeLn 4–11$133K
Gains on assetsLn 7$45K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$233K
SavingsLn 2$790K
Cash and savings togetherLn 1–2$1.0M
Pledges and grants receivableLn 3$177K
Prepaid expenses and deferred chargesLn 9$27K
Land, buildings, equipmentLn 10c$4K
InvestmentsLn 11–13$229K
Other assetsLn 15$179K
Total assetsLn 16$1.6M
LiabilitiesLn 26$2.2M
Net assetsLn 32−$522K
OperationsPt I, VI
EmployeesI 59
VolunteersI 6320
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$100K$100K$100K$100K$100K
SpentLn 1d–1f$9K$6K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.4M$1.0M
InvestmentsLn 11–13$0$229K
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$1.9M$1.6M
LiabilitiesLn 26$2.3M$2.2M
Net assetsLn 32−$362K−$522K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$321K$321K
Other salaries and wagesLn 7$522K$331K$21K$170K
Other employee benefitsLn 9$41K$32K$379$9K
Payroll taxesLn 10$36K$23K$996$11K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$669$669
OccupancyLn 16$46K$46K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$111K$76K$24K$11K
All other expensesLn 24e$48K$21K$10K$17K
Total functional expensesLn 25$1.1M$851K$75K$220K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 7, 2026 $1.1M$1.3M−$120K−$237K 990 PDF
FY2024Filed with the IRS Apr 14, 2025 $1.0M$1.0M−$13K−$117K 990 PDF
FY2023 ViewingFiled with the IRS Mar 29, 2024 $1.0M$1.1M−$129K−$522K 990 PDF
FY2022Filed with the IRS Apr 18, 2023 $1.1M$1.3M−$223K−$356K 990 PDF
FY2021Filed with the IRS Mar 16, 2022 $1.1M$1.2M−$85K−$42K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $1,016,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $843,168$813,661
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $25,965$70,232
I-11 Other revenuePrior year $181,268$133,066
I-12 Total revenuePrior year $1,050,401$1,016,959
I-13 Grants and similar amounts paidPrior year $542,553$320,803
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $564,354$598,866
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $166,667$226,461
I-18 Total expensesPrior year $1,273,574$1,146,130
I-19 Revenue less expensesPrior year −$223,173−$129,171
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,016,959 across 8 lines filed
VIII-1c Fundraising events$139,732
VIII-1e Government grants$6,000
VIII-1f All other contributions, gifts and grants$667,929
VIII-1h Total contributions, gifts and grants$813,661
VIII-3 Investment incomeRelated to mission $25,506$25,506
VIII-7 Net gain or loss on sales of assetsRelated to mission $44,726$44,726
VIII-8 Net income from fundraising eventsExcluded from tax $133,066$133,066
VIII-12 Total revenueRelated to mission $70,232 · Unrelated business $0 · Excluded from tax $133,066$1,016,959
Part IX · Statement of functional expenses $1,146,130 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $320,803$320,803
IX-7 Other salaries and wagesPrograms $330,521 · Management $21,003 · Fundraising $170,347$521,871
IX-9 Other employee benefitsPrograms $31,832 · Management $379 · Fundraising $9,279$41,490
IX-10 Payroll taxesPrograms $23,219 · Management $996 · Fundraising $11,290$35,505
IX-11c Accounting feesManagement $5,931$5,931
IX-12 Advertising and promotionFundraising $669$669
IX-16 OccupancyPrograms $46,254$46,254
IX-22 Depreciation, depletion and amortizationPrograms $1,590$1,590
IX-23 InsuranceManagement $12,232$12,232
IX-24 Other expenses (24a–d)Programs $75,954 · Management $24,090 · Fundraising $11,409$111,453
IX-24e All other expensesPrograms $20,965 · Management $10,473 · Fundraising $16,894$48,332
IX-25 Total functional expensesPrograms $851,138 · Management $75,104 · Fundraising $219,888$1,146,130
Part X · Balance sheet $1,639,612 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $218,656$233,061
X-2 Savings and temporary cash investmentsStart of year $1,138,213$789,901
X-3 Pledges and grants receivableStart of year $279,103$177,000
X-9 Prepaid expenses and deferred chargesStart of year $25,501$26,720
X-10c Land, buildings and equipment, netStart of year $6,046$4,456
X-11 Publicly traded securitiesStart of year $0$229,184
X-15 Other assetsStart of year $271,836$179,290
X-16 Total assetsStart of year $1,939,355$1,639,612
X-17 Accounts payable and accrued expensesStart of year $22,160$25,451
X-19 Deferred revenueStart of year $52,050$61,450
X-25 Other liabilitiesStart of year $2,227,430$2,074,213
X-26 Total liabilitiesStart of year $2,301,640$2,161,114
X-27 Net assets without donor restrictionsStart of year −$468,285−$627,502
X-28 Net assets with donor restrictionsStart of year $106,000$106,000
X-32 Total net assets or fund balancesStart of year −$362,285−$521,502
X-33 Total liabilities and net assetsStart of year $1,939,355$1,639,612
Part XI · Reconciliation of net assets −$521,502 net assets at year end
XI-1 Total revenue$1,016,959
XI-2 Total expenses$1,146,130
XI-3 Revenue less expenses−$129,171
XI-4 Net assets at start of year−$362,285
XI-5 Net unrealized gains (losses) on investments−$35,977
XI-9 Other changes in net assets$5,931
XI-10 Net assets at end of year−$521,502

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.