College Summit INC FY2021 filing

Tax-deductible

Washington, DC501(c)(3)EducationEIN 52-2007028Revenue $4.3M in FY2021

On file with the IRSpeerforward.org1140 3rd St Ne Ste 320, 20002-7899 · Washington, DCTax-exempt since Feb 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Peerforward transforms the lives of low-income youth by connecting them to College and career.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$716K 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

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $834K a year · 14% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$716K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+34% vs prior year
Spent
$3.2M
To programs
83%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$4.3M
FY2021▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$4.3M
FY2022$6.1M
FY2023$13.7M
FY2024$2.7M
FY2025$4.6M
Expenses
$3.2M
FY2021▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$3.2M
FY2022$3.6M
FY2023$4.7M
FY2024$5.9M
FY2025$6.4M
Net assets
$1.4M
FY2021▲ +330%
Tap a bar for its year
Net assets by fiscal year
FY2020$330K
FY2021$1.4M
FY2022$3.9M
FY2023$12.8M
FY2024$9.6M
FY2025$7.9M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Feb 1997.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.6M Management & general 15% · $473K Fundraising 2% · $75K

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

20 people listed on the 990; $716K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$229,420Pt VII · Sec A
President and COO - Until 08/2020
$139,248Pt VII · Sec A
Managing Director, Marketing
$120,090Pt VII · Sec A
MD of Program & Innovation
$114,974Pt VII · Sec A
VP Strategic Partner - Until 08/2020
$112,057Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Gary Z Linnen’s $318K as CEO is at the 96th percentile of top reported officer pay among 3395 $1–10M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary Z Linnen$318,231$313,741————
Keith Frome Edd—————$265,576
Gary Linnen——$245,330$208,415$229,420$119,121
Joanne Smith————$139,248$233,434
Sean Murray————$112,057$171,767
Raquel Figueroa$152,017$144,370$113,788$122,019$114,974$105,610
Bess Amerman—————$141,752
Reagan Walker—$128,977$119,636$117,335$120,090$137,193

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

Connects low-income youth to college and career opportunities.

Questions for College Summit INC

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Provided by the organization

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2 programs · $2.6M · in their own filed words · FY2020
01

Peerforward- this program trains influential high school students to build a college-going culture by persuading and coaching their classmates and friends through the college admissions process.

$1.8Mprogram expense
02

Innovation

This program designs and explores new ways to help all students in low-income communities navigate the college-going process by collaborating with government, technology companies, businesses, foundations and policy organizations.

$799Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$80K
Grants paid · 6 grants · $185K · 2021–2022
Unitemized GrantFY2022$58,200
Unitemized GrantFY2022$25,062
Unitemized GrantFY2022$9,800
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$40,793

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$751K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.6M
Managementcol C$473K
Fundraisingcol D$75K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$731K
Total assetsLn 16$3.5M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$2K
Fees for servicesLn 2g$751K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$731K
Cash and savings togetherLn 1–2$731K
Land, buildings, equipmentLn 10c$435K
Other assetsLn 15$53K
Total assetsLn 16$3.5M
LiabilitiesLn 26$2.1M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 537
VolunteersI 6184
Fiscal year endsHeaderApril
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 FY21End FY21
Cash and savingsLn 1–2$1.1M$731K
Land, buildings, equipmentLn 10c$513K$435K
Total assetsLn 16$2.3M$3.5M
LiabilitiesLn 26$2.0M$2.1M
Net assetsLn 32$330K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$507K$500K$7K
Other salaries and wagesLn 7$1.0M$932K$78K$7K
Pension plan contributionsLn 8$36K$33K$3K$258
Other employee benefitsLn 9$304K$284K$18K$2K
Payroll taxesLn 10$130K$122K$7K$626
Legal feesLn 11b$22K$13K$8K$374
Accounting feesLn 11c$47K$28K$18K$804
Other fees for servicesLn 11g$382K$236K$94K$53K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$118K$82K$34K$2K
Information technologyLn 14$57K$40K$16K$740
OccupancyLn 16$302K$184K$113K$5K
TravelLn 17$36K$32K$3K$140
Conferences, conventions and meetingsLn 19$2K$2K$15$2
InterestLn 20$14K$8K$5K$234
Depreciation, depletion and amortizationLn 22$79K$47K$30K$1K
InsuranceLn 23$28K$15K$12K$890
Other expenses (24a–d)Ln 24$80K$56K$23K$1K
All other expensesLn 24e$5K$3K$2K$166
Total functional expensesLn 25$3.2M$2.6M$473K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$6.4M−$1.8M$7.9M 990 PDF
FY2024 $2.7M$5.9M−$3.2M$9.6M 990 PDF
FY2023 $13.7M$4.7M$9.0M$12.8M 990 PDF
FY2022 $6.1M$3.6M$2.4M$3.9M 990 PDF
FY2021 Viewing $4.3M$3.2M$1.1M$1.4M 990 PDF
FY2020 $3.2M$5.7M−$2.5M$330K 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 FY2021 990 (6 parts)
Part I · Summary $4,272,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,174,471$3,521,775
I-9 Program service revenuePrior year $1,017,906$751,209
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,192,377$4,272,984
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,184,301$1,994,180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,528,195$1,198,836
I-18 Total expensesPrior year $5,712,496$3,193,016
I-19 Revenue less expensesPrior year −$2,520,119$1,079,968
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $4,272,984 across 5 lines filed
VIII-1e Government grants$1,696
VIII-1f All other contributions, gifts and grants$3,520,079
VIII-1h Total contributions, gifts and grants$3,521,775
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $751,209$751,209
VIII-12 Total revenueRelated to mission $751,209 · Unrelated business $0 · Excluded from tax $0$4,272,984
Part IX · Statement of functional expenses $3,193,016 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $499,901 · Management $7,345$507,246
IX-7 Other salaries and wagesPrograms $932,180 · Management $78,393 · Fundraising $7,153$1,017,726
IX-8 Pension plan contributionsPrograms $32,700 · Management $2,759 · Fundraising $258$35,717
IX-9 Other employee benefitsPrograms $283,639 · Management $18,346 · Fundraising $1,569$303,554
IX-10 Payroll taxesPrograms $121,864 · Management $7,447 · Fundraising $626$129,937
IX-11b Legal feesPrograms $13,141 · Management $8,312 · Fundraising $374$21,827
IX-11c Accounting feesPrograms $28,260 · Management $17,875 · Fundraising $804$46,939
IX-11g Other fees for servicesPrograms $235,645 · Management $93,799 · Fundraising $52,718$382,162
IX-12 Advertising and promotionPrograms $26,699$26,699
IX-13 Office expensesPrograms $82,073 · Management $34,229 · Fundraising $2,054$118,356
IX-14 Information technologyPrograms $39,850 · Management $16,467 · Fundraising $740$57,057
IX-16 OccupancyPrograms $184,455 · Management $112,518 · Fundraising $5,059$302,032
IX-17 TravelPrograms $32,368 · Management $3,122 · Fundraising $140$35,630
IX-19 Conferences, conventions and meetingsPrograms $2,188 · Management $15 · Fundraising $2$2,205
IX-20 InterestPrograms $8,211 · Management $5,193 · Fundraising $234$13,638
IX-22 Depreciation, depletion and amortizationPrograms $47,382 · Management $29,970 · Fundraising $1,348$78,700
IX-23 InsurancePrograms $15,301 · Management $11,766 · Fundraising $890$27,957
IX-24 Other expenses (24a–d)Programs $55,913 · Management $23,073 · Fundraising $1,242$80,228
IX-24e All other expensesPrograms $3,044 · Management $2,196 · Fundraising $166$5,406
IX-25 Total functional expensesPrograms $2,644,814 · Management $472,825 · Fundraising $75,377$3,193,016
Part X · Balance sheet $3,484,168 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,078,900$730,866
X-3 Pledges and grants receivableStart of year $616,014$2,193,510
X-4 Accounts receivableStart of year $19,500$59,900
X-9 Prepaid expenses and deferred chargesStart of year $16,311$12,532
X-10c Land, buildings and equipment, netStart of year $513,409$434,709
X-15 Other assetsStart of year $54,226$52,651
X-16 Total assetsStart of year $2,298,360$3,484,168
X-17 Accounts payable and accrued expensesStart of year $261,333$267,652
X-19 Deferred revenueStart of year $101,724$72,165
X-24 Unsecured notes and loans payableStart of year $435,400$1,098,557
X-25 Other liabilitiesStart of year $669,535$624,958
X-26 Total liabilitiesStart of year $1,967,992$2,063,332
X-27 Net assets without donor restrictionsStart of year $66,152$60,528
X-28 Net assets with donor restrictionsStart of year $264,216$1,360,308
X-32 Total net assets or fund balancesStart of year $330,368$1,420,836
X-33 Total liabilities and net assetsStart of year $2,298,360$3,484,168
Part XI · Reconciliation of net assets $1,420,836 net assets at year end
XI-1 Total revenue$4,272,984
XI-2 Total expenses$3,193,016
XI-3 Revenue less expenses$1,079,968
XI-4 Net assets at start of year$330,368
XI-6 Donated services and use of facilities$10,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,420,836

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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