College Bound INC: FY2022 Nonprofit Profile & Form 990 (EIN 52-1761312)

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
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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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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1 program · $810K · in their own filed words · FY2022

01

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

$810Kprogram 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

Morgan Stanley Global Impact Funding Trust INCFY2024$180K

Greater Washington Community FoundationFY2024$71K

Greater Kansas City Community FoundationFY2024$43K

Fidelity Investments Charitable Gift FundFY2024$18K

Paypal Charitable Giving FundFY2024$17K

American Online Giving Foundation INCFY2024$15K

Staenberg Family FoundationFY2024$10K

Community Foundation of Broward INCFY2024$10K

Total grants receivedfrom 10 funders$383K

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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 FY2022 990, line by line.

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1The main four

Money inPt VIII

$1.2M

Ln 12

Gifts and grantsLn 1h$1.2M

Fees for servicesLn 2g$51K

Investment incomeLn 3$683

Money outPt IX

$1.0M

Ln 25

Programscol B$810K

Managementcol C$132K

Fundraisingcol D$90K

Owns and owesPt X

$674K

net assets · Ln 32

Cash and savingsLn 1–2$633K

Total assetsLn 16$731K

LiabilitiesLn 26$58K

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$1.2M

Government grantsLn 1e$83K

Fundraising eventsLn 1c$23K

Fees for servicesLn 2g$51K

Investment incomeLn 3$683

Total revenueLn 12$1.2M

Assets in detailPt X, end of year

CashLn 1$244K

SavingsLn 2$389K

Cash and savings togetherLn 1–2$633K

InvestmentsLn 11–13$56K

Land, buildings, equipmentLn 10c$8K

Other assetsLn 15$3K

Total assetsLn 16$731K

LiabilitiesLn 26$58K

Net assetsLn 32$674K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$397K	$633K
InvestmentsLn 11–13	$78K	$56K
Land, buildings, equipmentLn 10c	$9K	$8K
Total assetsLn 16	$669K	$731K
LiabilitiesLn 26	$146K	$58K
Net assetsLn 32	$523K	$674K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$219K	$219K
Pay of current officers, directors and key staffLn 5	$159K	$127K	$9K	$22K
Other salaries and wagesLn 7	$338K	$270K	$20K	$47K
Other employee benefitsLn 9	$22K	$18K	$1K	$3K
Payroll taxesLn 10	$43K	$35K	$2K	$6K
Accounting feesLn 11c	$53K		$53K
Other fees for servicesLn 11g	$6K	$5K	$347	$819
Office expensesLn 13	$19K	$11K	$7K	$1K
Information technologyLn 14	$13K	$11K	$347	$817
OccupancyLn 16	$34K	$27K	$2K	$5K
TravelLn 17	$63K	$57K	$6K
Conferences, conventions and meetingsLn 19	$8K	$8K
Depreciation, depletion and amortizationLn 22	$5K	$4K	$287	$675
InsuranceLn 23	$17K	$14K	$1K	$2K
Other expenses (24a–d)Ln 24	$32K	$3K	$29K	$174
Total functional expensesLn 25	$1.0M	$810K	$132K	$90K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$1.2M	$1.0M	$174K	$674K	990 PDF
FY2021	$1.1M	$1.0M	$126K	$523K	990 PDF
FY2020	$1.0M	$897K	$124K	$384K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $1,206,541 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,142,746$1,182,320

I-9 Program service revenuePrior year $1,455$51,253

I-10 Investment incomePrior year $571$683

I-11 Other revenuePrior year −$14,555−$27,715

I-12 Total revenuePrior year $1,130,217$1,206,541

I-13 Grants and similar amounts paidPrior year $266,750$219,385

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $530,241$562,152

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $207,207$250,522

I-18 Total expensesPrior year $1,004,198$1,032,059

I-19 Revenue less expensesPrior year $126,019$174,482

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 $1,206,541 across 9 lines filed

VIII-1a Federated campaigns$8,271

VIII-1c Fundraising events$23,050

VIII-1e Government grants$82,621

VIII-1f All other contributions, gifts and grants$1,068,378

VIII-1h Total contributions, gifts and grants$1,182,320

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,253$51,253

VIII-3 Investment incomeExcluded from tax $683$683

VIII-8 Net income from fundraising eventsExcluded from tax −$27,715−$27,715

VIII-12 Total revenueRelated to mission $51,253 · Unrelated business $0 · Excluded from tax −$27,032$1,206,541

Part IX · Statement of functional expenses $1,032,059 across 15 lines filed

IX-2 Grants to domestic individualsPrograms $219,385$219,385

IX-5 Pay of current officers, directors and key staffPrograms $127,410 · Management $9,461 · Fundraising $22,293$159,164

IX-7 Other salaries and wagesPrograms $270,317 · Management $20,073 · Fundraising $47,298$337,688

IX-9 Other employee benefitsPrograms $17,972 · Management $1,335 · Fundraising $3,145$22,452

IX-10 Payroll taxesPrograms $34,803 · Management $1,976 · Fundraising $6,069$42,848

IX-11c Accounting feesManagement $53,248$53,248

IX-11g Other fees for servicesPrograms $5,177 · Management $347 · Fundraising $819$6,343

IX-13 Office expensesPrograms $10,758 · Management $6,723 · Fundraising $1,332$18,813

IX-14 Information technologyPrograms $11,485 · Management $347 · Fundraising $817$12,649

IX-16 OccupancyPrograms $27,200 · Management $2,020 · Fundraising $4,759$33,979

IX-17 TravelPrograms $56,787 · Management $5,977$62,764

IX-19 Conferences, conventions and meetingsPrograms $8,496$8,496

IX-22 Depreciation, depletion and amortizationPrograms $3,856 · Management $287 · Fundraising $675$4,818

IX-23 InsurancePrograms $13,774 · Management $1,023 · Fundraising $2,410$17,207

IX-24 Other expenses (24a–d)Programs $2,827 · Management $29,204 · Fundraising $174$32,205

IX-25 Total functional expensesPrograms $810,247 · Management $132,021 · Fundraising $89,791$1,032,059

Part X · Balance sheet $731,420 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $157,686$244,423

X-2 Savings and temporary cash investmentsStart of year $239,304$388,582

X-3 Pledges and grants receivableStart of year $177,636$28,845

X-9 Prepaid expenses and deferred chargesStart of year $964$3,367

X-10c Land, buildings and equipment, netStart of year $9,177$7,873

X-11 Publicly traded securitiesStart of year $78,241$55,592

X-15 Other assetsStart of year $2,738$2,738

X-16 Total assetsStart of year $668,746$731,420

X-17 Accounts payable and accrued expensesStart of year $63,560$57,544

X-24 Unsecured notes and loans payableStart of year $82,621$0

X-26 Total liabilitiesStart of year $146,181$57,544

X-27 Net assets without donor restrictionsStart of year −$27,371$12,575

X-28 Net assets with donor restrictionsStart of year $549,936$661,301

X-32 Total net assets or fund balancesStart of year $522,565$673,876

X-33 Total liabilities and net assetsStart of year $668,746$731,420

Part XI · Reconciliation of net assets $673,876 net assets at year end

XI-1 Total revenue$1,206,541

XI-2 Total expenses$1,032,059

XI-3 Revenue less expenses$174,482

XI-4 Net assets at start of year$522,565

XI-5 Net unrealized gains (losses) on investments−$23,171

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$673,876

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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College Bound INC FY2022 filing

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