Bound for College INC

Tax-deductible

Delray Beach, FL501(c)(3)Since 2012AnimalsEIN 45-4916115

Our Mission at Bound For College is to provide comprehensive college readiness resources empowering motivated low-income students toward promising futures.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 13 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $76K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 17% of spending
Top officer’s pay higher than 68% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$668K
+3% vs prior year
Spent
$665K
To programs
77%
Net assets
$668K
By yearFY2020–FY2025
Revenue
$668K
FY2025▲ +3%
Revenue by fiscal year
FY2020$297K
FY2021$351K
FY2022$370K
FY2023$445K
FY2024$648K
FY2025$668K
Expenses
$665K
FY2025▲ +42%
Expenses by fiscal year
FY2020$256K
FY2021$277K
FY2022$305K
FY2023$352K
FY2024$466K
FY2025$665K
Net assets
$668K
FY2025▲ +0.5%
Net assets by fiscal year
FY2020$252K
FY2021$326K
FY2022$390K
FY2023$483K
FY2024$665K
FY2025$668K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2014.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $514K Management & general 11% · $76K Fundraising 11% · $75K

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

Who runs it and what they're paid

12 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Program
$60,000Pt VII · Sec A
$55,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Shannon Solis’s $60K as Chief Program is at the 68th percentile of top reported officer pay among 1220 $100K–1M animals 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Shannon Solis$60,000$50,000$46,223$44,370$35,568
Donna Sauer$55,000————

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 Bound for College INC executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers disadvantaged students with academic prep, life skills, and support for college success.

Provided by the organization

This section is blank until Bound for College INC claims this page.

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1 program service account for $514K of program spending, described in the organization's own filed words · FY2025.
01

ACT/SAT Test Tutoring and Preparation; Field Trips and College Tours and Field Trips; Direct Students Support; Assistance with college and scholarship applications & essays.

$514Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$668K
Ln 12
Gifts and grantsLn 1h$650K
Investment incomeLn 3$18K
Money outPt IX
$665K
Ln 25
Programscol B$514K
Managementcol C$76K
Fundraisingcol D$75K
Owns and owesPt X
$668K
net assets · Ln 32
Cash and savingsLn 1–2$631K
Total assetsLn 16$668K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Investment incomeLn 3$18K
Gains on assetsLn 7$0
Total revenueLn 12$668K
Assets in detailPt X, end of year
CashLn 1$605K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$631K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$668K
LiabilitiesLn 26$0
Net assetsLn 32$668K
OperationsPt I, VI
EmployeesI 52
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$602K$631K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$665K$668K
LiabilitiesLn 26$0$0
Net assetsLn 32$665K$668K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$115K$74K$14K$28K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$6K$1K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$423K$412K$11K
All other expensesLn 24e$70K$22K$13K$34K
Total functional expensesLn 25$665K$514K$76K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $668K$665K$3K$668K 990 PDF
FY2024 $648K$466K$181K$665K 990 PDF
FY2023 $445K$352K$93K$483K 990 PDF
FY2022 $370K$305K$64K$390K 990 PDF
FY2021 $351K$277K$74K$326K 990 PDF
FY2020 $297K$256K$40K$252K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $668,109 across 8 lines filed
VIII-1f All other contributions, gifts and grants$650,460
VIII-1h Total contributions, gifts and grants$650,460
VIII-3 Investment incomeExcluded from tax $17,649$17,649
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $17,649$668,109
Part IX · Statement of functional expenses $664,665 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $73,750 · Management $13,750 · Fundraising $27,500$115,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,643 · Management $1,052 · Fundraising $2,104$8,799
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,000$10,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $21,543$21,543
IX-12 Advertising and promotionManagement $1,892$1,892
IX-13 Office expensesManagement $8,889$8,889
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $6,165$6,165
IX-24 Other expenses (24a–d)Programs $411,952 · Fundraising $10,623$422,575
IX-24e All other expensesPrograms $22,280 · Management $13,082 · Fundraising $34,440$69,802
IX-25 Total functional expensesPrograms $513,625 · Management $76,373 · Fundraising $74,667$664,665
Part X · Balance sheet $668,315 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $371,265$605,475
X-2 Savings and temporary cash investmentsStart of year $230,795$25,341
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $37,484$37,499
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $25,327$0
X-16 Total assetsStart of year $664,871$668,315
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $465,301$516,774
X-28 Net assets with donor restrictionsStart of year $199,570$151,541
X-32 Total net assets or fund balancesStart of year $664,871$668,315
X-33 Total liabilities and net assetsStart of year $664,871$668,315
Part XI · Reconciliation of net assets $668,315 net assets at year end
XI-1 Total revenue$668,109
XI-2 Total expenses$664,665
XI-3 Revenue less expenses$3,444
XI-4 Net assets at start of year$664,871
XI-10 Net assets at end of year$668,315

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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