College Bound INC EIN 52-1761312 Form 990 (PDF) Claim this org

College Bound INC

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Helps DC-area students prepare for college, earn degrees, and reach their goals. For fiscal year 2025 it reported $1.3M in revenue, $1.3M in expenses, and $630K in net assets.Pt I

Founded
1991
Type
Higher education institution · Education
Location
Washington, DC
Website
www.collegebound.org
Filings
6 on file (2020–2025)
Revenue
$1.3MFY2025
Expenses
$1.3M
Net assets
$630K
People
20
Filings
6
Updates
0
More identity details & actions ⌄
EIN  52-1761312 Higher education institution Washington, DC Founded 1991
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps DC-area students prepare for college, earn degrees, and reach their goals.
Leadership
Kenneth Ward · Executive Director · $142K
Money in and out
$1.3M revenue, $1.3M expenses
Bottom line
+1% operating surplus
Financial scale & money flow · FY2025
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$630K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.16 Fundraising $0.04
Operating surplus
+1%
revenue over expenses, this legal entity▲ +106% vs prior filing year
Payroll share
39%
of this entity's spending is salaries & benefits▼ -15% vs prior filing year
Program spending
79%
of expenses reach program services▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.3M
FY2025▲ +32%
Expenses
$1.3M
FY2025▲ +12%
Total assets
$758K
FY2025▲ +11%
Total liabilities
$128K
FY2025▲ +74%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$630K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$758K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCollege Bound INC
EINHdr · item D52-1761312
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.collegebound.org
Year of formationHdr · item L1991
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80Z)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$141,962Pt VII · Sec A
(thru July); Board Vice Chair
$0Pt VII · Sec A
Vice Chair (thru July);board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Treasurer (thru July);board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kenneth Ward’s $142K as Executive Director is at the 94th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenneth Ward$141,962$153,508$121,280
Kenneth a Ward$146,284$141,924$137,314

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $997K of program spending, described in the organization's own filed words · FY2025.
01

College bound accomplishes its mission by providing sustained tutoring, mentoring, and college preparatory enrichment activities to over 200 students in its weekly academic mentoring program and an additional 250 students through its outreach activities.

$997Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 92%
Program service revenue$120K · 9%
Contributions & grants92%$1.2M
Program service revenue9%$120K
Investment income$921
— government grantsLn 1e$200K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.16 Fundraising $0.04
Program services79%$997K
Management & general16%$207K
Fundraising4%$52K
Total functional expensesLn 25$1.3M

Balance Sheet

Part X · end of year
CashLn 1$474K
Total assetsLn 16$758K
Total liabilitiesLn 26$128K
Total net assetsLn 32$630K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $576K · Operating expenses/yr $1.3M
5.5 months
Where the money goes
Program services
Program services $997K · Total expenses $1.3M
79%
Management & General
Management & general $207K · Total expenses $1.3M
16%
Fundraising
Fundraising $52K · Total expenses $1.3M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $74K · Solicited contributions (3-yr avg) $1.0M
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.3M
92%
Government reliance
Government grants $200K · Total revenue $1.3M
16%
Earned-income share
Program service revenue $120K · Total revenue $1.3M
9%
Investment reliance
Investment income $921 · Total revenue $1.3M
+0.07%
Program self-sufficiency
Program service revenue $120K · Total expenses $1.3M
10%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $963K
+32%
Revenue CAGR
FY2020 $1.0M · FY2025 $1.3M
+4%
Net-asset trend (YoY)
End of year $630K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.3M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $758K
Net-asset ratio
Net assets $630K · Total assets $758K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $96K · Other securities (Pt X, ln 12) $6K · Total assets (Pt X, ln 16) $758K
13%
People & payroll
Highest Reported Total Compensation
Individual Kenneth Ward · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $142K · Total expenses $1.3M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $495K · Total expenses $1.3M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth 32%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 5 grants · $1.1M · 2020–2025
Unitemized GrantFY2025$215,613
Unitemized GrantFY2024$225,688
Unitemized GrantFY2023$265,125
Unitemized GrantFY2022$219,385
Unitemized GrantFY2020$184,917

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.3M revenue · viewing · ⤓ 990 PDF
FY2024$963K revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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