Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
66 cents of each dollar spent went to programs.
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
29 people listed on the 990; $637K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Sylvia Spears | $162,921 | $164,658 | $164,658 | $160,175 | — | — |
| Adam Bush | $147,683 | $160,094 | $160,094 | $123,344 | $106,495 | $113,037 |
| Diana Perdomo | $141,101 | $108,031 | $108,031 | — | — | — |
| Jose Rodriguez | $140,776 | $125,795 | $125,795 | — | — | — |
| David Bromley | $132,235 | $116,996 | $116,996 | $139,894 | — | — |
| Julia Rickert | $136,858 | $121,316 | $121,316 | $109,759 | — | — |
| Allen Cowett | $106,261 | $108,365 | $108,365 | $104,063 | — | — |
| Sage Morgan-Hubbard | — | $103,909 | $103,909 | — | — | — |
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 Unbound 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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Reinventing higher education for adults through individualized, project-driven learning.
Questions for College Unbound
Your first name shows with your question. College Unbound answers here, for everyone.
College unbound integrates the students' own purposes for learning with the needs of their workplaces and communities, improving the lives of the students and the lives of those they touch.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 3 smaller programs.
The auditor reported 3 findings: a material weakness in money controls.
Plus 2 smaller programs.
The auditor reported 4 findings: a material weakness in money controls, questioned costs.
Plus 2 smaller programs.
The auditor reported 15 findings: a material weakness in money controls, questioned costs.
The auditor reported 13 findings: a material weakness in money controls, questioned costs.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $958K |
| Land, buildings, equipmentLn 10c | $27K | $45K |
| Total assetsLn 16 | $1.7M | $1.2M |
| LiabilitiesLn 26 | $138K | $213K |
| Net assetsLn 32 | $1.6M | $956K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $135K | $135K | ||
| Grants to domestic individualsLn 2 | $412K | $412K | ||
| Pay of current officers, directors and key staffLn 5 | $305K | $195K | $95K | $15K |
| Other salaries and wagesLn 7 | $2.0M | $1.3M | $609K | $110K |
| Other employee benefitsLn 9 | $299K | $190K | $93K | $16K |
| Payroll taxesLn 10 | $218K | $139K | $67K | $12K |
| Legal feesLn 11b | $18K | $18K | ||
| Accounting feesLn 11c | $37K | $37K | ||
| Other fees for servicesLn 11g | $235K | $61K | $174K | |
| Advertising and promotionLn 12 | $41K | $27K | $14K | |
| Information technologyLn 14 | $16K | $10K | $5K | $871 |
| OccupancyLn 16 | $29K | $18K | $9K | $2K |
| TravelLn 17 | $27K | $1K | $5K | $20K |
| Depreciation, depletion and amortizationLn 22 | $19K | $12K | $6K | $1K |
| InsuranceLn 23 | $14K | $9K | $4K | $760 |
| Other expenses (24a–d)Ln 24 | $243K | $205K | $38K | $295 |
| All other expensesLn 24e | $60K | $37K | $21K | $2K |
| Total functional expensesLn 25 | $4.1M | $2.7M | $1.2M | $180K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 6, 2026 | $10.2M | $8.1M | $2.1M | $4.0M | 990 PDF |
| FY2024Filed with the IRS Mar 28, 2025 | $8.4M | $8.3M | $116K | $1.9M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $7.7M | $6.8M | $840K | $1.8M | 990 PDF |
| FY2022 ViewingFiled with the IRS Feb 2, 2024 | $3.5M | $4.1M | −$599K | $956K | 990 PDF |
| FY2021Filed with the IRS May 13, 2022 | $3.5M | $2.9M | $594K | $1.6M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $2.6M | $2.4M | $248K | $962K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $3,481,524 revenue, 12 lines filed
Part VI · Governance 20 of 24 board members independent, no flags
Part VIII · Statement of revenue $3,481,524 across 6 lines filed
Part IX · Statement of functional expenses $4,080,646 across 17 lines filed
Part X · Balance sheet $1,169,599 assets, 13 lines filed
Part XI · Reconciliation of net assets $956,194 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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