College Bound INC FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 1991EducationEIN 52-1761312Revenue $1.0M in FY2020

On file with the IRScollegebound.org128 M St Nw Ste 220, 20001-1222 · Washington, DCTax-exempt since Jun 1992Publicly supported charity — 170(b)(1)(A)(vi)

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To prepare public and public charter school students in the metropolitan washington, d.c. Area to enter College, earn a degree, and achieve their personal and professional goals.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$121K 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

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $57K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $383K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$131K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$897K
To programs
75%
Net assets
$384K
By yearFY2020–FY2025
Revenue
$1.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$963K
FY2025$1.3M
Expenses
$897K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$897K
FY2021$1.0M
FY2022$1.0M
FY2023$1.2M
FY2024$1.1M
FY2025$1.3M
Net assets
$384K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$384K
FY2021$523K
FY2022$674K
FY2023$755K
FY2024$612K
FY2025$630K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jun 1992.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $672K Management & general 16% · $145K Fundraising 9% · $80K

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

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Who runs it and what they're paid

13 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$121,280Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See College Bound 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

Helps DC-area students prepare for college, earn degrees, and reach their goals.

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Provided by the organization

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1 program · $672K · in their own filed words · FY2020
01

College bound's multi-pronged approach to supporting students has been making college a reality for public school students since 1991. It's academic mentoring program matches over 200 students in 8TH-12TH grade with college-educated professionals, who become their academic mentors.

$672Kprogram 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 · 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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$6K
Fees for servicesLn 2g$750
Money outPt IX
$897K
Ln 25
Programscol B$672K
Managementcol C$145K
Fundraisingcol D$80K
Owns and owesPt X
$384K
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$515K
LiabilitiesLn 26$131K
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$1.0M
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$25K
Fees for servicesLn 2g$750
Investment incomeLn 3$478
Other incomeLn 4–11$6K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$330K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$335K
InvestmentsLn 11–13$60K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$3K
Total assetsLn 16$515K
LiabilitiesLn 26$131K
Net assetsLn 32$384K
OperationsPt I, VI
EmployeesI 56
VolunteersI 6595
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 FY20End FY20
Cash and savingsLn 1–2$130K$335K
InvestmentsLn 11–13$33K$60K
Land, buildings, equipmentLn 10c$13K$11K
Total assetsLn 16$259K$515K
LiabilitiesLn 26$16K$131K
Net assetsLn 32$243K$384K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$185K$185K
Pay of current officers, directors and key staffLn 5$141K$113K$14K$14K
Other salaries and wagesLn 7$298K$228K$26K$45K
Other employee benefitsLn 9$21K$16K$2K$4K
Payroll taxesLn 10$39K$31K$3K$6K
Accounting feesLn 11c$73K$73K
Investment management feesLn 11f$35$35
Other fees for servicesLn 11g$14K$11K$1K$2K
Advertising and promotionLn 12$883$57$7$819
Office expensesLn 13$13K$10K$1K$2K
Information technologyLn 14$10K$8K$740$1K
OccupancyLn 16$35K$32K$1K$2K
TravelLn 17$12K$12K$230$344
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$4K$3K$371$556
InsuranceLn 23$12K$9K$1K$2K
Other expenses (24a–d)Ln 24$31K$9K$21K$1K
All other expensesLn 24e$7K$5K$538$1K
Total functional expensesLn 25$897K$672K$145K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.3M$13K$630K 990 PDF
FY2024 $963K$1.1M−$155K$612K 990 PDF
FY2023 $1.3M$1.2M$61K$755K 990 PDF
FY2022 $1.2M$1.0M$174K$674K 990 PDF
FY2021 $1.1M$1.0M$126K$523K 990 PDF
FY2020 Viewing $1.0M$897K$124K$384K 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 FY2020 990 (6 parts)
Part I · Summary $1,021,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $596,538$1,014,121
I-9 Program service revenuePrior year $50,573$750
I-10 Investment incomePrior year $396$478
I-11 Other revenuePrior year −$14,671$5,853
I-12 Total revenuePrior year $632,836$1,021,202
I-13 Grants and similar amounts paidPrior year $132,312$184,917
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $433,699$499,302
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $292,847$212,990
I-18 Total expensesPrior year $858,858$897,209
I-19 Revenue less expensesPrior year −$226,022$123,993
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,021,202 across 10 lines filed
VIII-1a Federated campaigns$21,297
VIII-1c Fundraising events$24,910
VIII-1f All other contributions, gifts and grants$967,914
VIII-1g Noncash contributions (included above)$3,005
VIII-1h Total contributions, gifts and grants$1,014,121
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $750$750
VIII-3 Investment incomeExcluded from tax $478$478
VIII-8 Net income from fundraising eventsExcluded from tax −$572−$572
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,425$6,425
VIII-12 Total revenueRelated to mission $750 · Unrelated business $0 · Excluded from tax $6,331$1,021,202
Part IX · Statement of functional expenses $897,209 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $184,917$184,917
IX-5 Pay of current officers, directors and key staffPrograms $112,737 · Management $14,092 · Fundraising $14,092$140,921
IX-7 Other salaries and wagesPrograms $227,795 · Management $25,892 · Fundraising $44,672$298,359
IX-9 Other employee benefitsPrograms $15,592 · Management $1,700 · Fundraising $3,512$20,804
IX-10 Payroll taxesPrograms $31,143 · Management $2,555 · Fundraising $5,520$39,218
IX-11c Accounting feesManagement $73,245$73,245
IX-11f Investment management feesManagement $35$35
IX-11g Other fees for servicesPrograms $10,892 · Management $1,188 · Fundraising $1,777$13,857
IX-12 Advertising and promotionPrograms $57 · Management $7 · Fundraising $819$883
IX-13 Office expensesPrograms $9,781 · Management $1,131 · Fundraising $1,691$12,603
IX-14 Information technologyPrograms $7,682 · Management $740 · Fundraising $1,087$9,509
IX-16 OccupancyPrograms $31,793 · Management $1,206 · Fundraising $1,802$34,801
IX-17 TravelPrograms $11,701 · Management $230 · Fundraising $344$12,275
IX-19 Conferences, conventions and meetingsPrograms $1,431$1,431
IX-22 Depreciation, depletion and amortizationPrograms $3,177 · Management $371 · Fundraising $556$4,104
IX-23 InsurancePrograms $9,475 · Management $1,109 · Fundraising $1,657$12,241
IX-24 Other expenses (24a–d)Programs $8,917 · Management $20,667 · Fundraising $1,460$31,044
IX-24e All other expensesPrograms $5,086 · Management $538 · Fundraising $1,338$6,962
IX-25 Total functional expensesPrograms $672,176 · Management $144,706 · Fundraising $80,327$897,209
Part X · Balance sheet $515,487 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $109,486$329,805
X-2 Savings and temporary cash investmentsStart of year $20,244$5,676
X-3 Pledges and grants receivableStart of year $79,958$85,905
X-9 Prepaid expenses and deferred chargesStart of year $1,776$19,907
X-10c Land, buildings and equipment, netStart of year $12,519$11,237
X-11 Publicly traded securitiesStart of year $32,627$60,219
X-15 Other assetsStart of year $2,738$2,738
X-16 Total assetsStart of year $259,348$515,487
X-17 Accounts payable and accrued expensesStart of year $15,954$51,148
X-19 Deferred revenue$2,075
X-24 Unsecured notes and loans payable$77,990
X-26 Total liabilitiesStart of year $15,954$131,213
X-27 Net assets without donor restrictionsStart of year −$138,629−$98,438
X-28 Net assets with donor restrictionsStart of year $382,023$482,712
X-32 Total net assets or fund balancesStart of year $243,394$384,274
X-33 Total liabilities and net assetsStart of year $259,348$515,487
Part XI · Reconciliation of net assets $384,274 net assets at year end
XI-1 Total revenue$1,021,202
XI-2 Total expenses$897,209
XI-3 Revenue less expenses$123,993
XI-4 Net assets at start of year$243,394
XI-5 Net unrealized gains (losses) on investments$16,887
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$384,274

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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