College Summit INC FY2023 filing

Tax-deductible

Washington, DC501(c)(3)EducationEIN 52-2007028Revenue $13.7M in FY2023

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)

Tell your story. Claim this org

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

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
$578K 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

FY2023 · 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
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$578K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 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
$2.5M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.7M
+125% vs prior year
Spent
$4.7M
To programs
46%
Net assets
$12.8M
By yearFY2020–FY2025
Revenue
$13.7M
FY2023▲ +125%
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
$4.7M
FY2023▲ +29%
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
$12.8M
FY2023▲ +233%
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 FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

46 cents of each dollar spent went to programs.

Program services 46% · $2.2M Management & general 45% · $2.1M Fundraising 9% · $422K

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

Something off? Claim to fix it

Who runs it and what they're paid

20 people listed on the 990; $578K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$245,330Pt VII · Sec A
Managing Dir., Marketing
$119,636Pt VII · Sec A
MD of Program & Innovation
$113,788Pt VII · Sec A
Secretary/Managing Director of Operations
$99,419Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member as of 03/23
$0Pt VII · Sec A
Board Member-Until 10/22
$0Pt VII · Sec A
Board Member - as of 10/22
$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.

See College Summit INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Tap to ask. College Summit INC sees how many people are interested.

Your first name shows with your question. College Summit INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $2.2M · in their own filed words · FY2022
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.

$2.1Mprogram 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.

$91Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$13.7M
Ln 12
Gifts and grantsLn 1h$12.4M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$234K
Money outPt IX
$4.7M
Ln 25
Programscol B$2.2M
Managementcol C$2.1M
Fundraisingcol D$422K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$501K
Total assetsLn 16$15.3M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
20
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.4M
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$54K
Other incomeLn 4–11$234K
Total revenueLn 12$13.7M
Assets in detailPt X, end of year
CashLn 1$501K
Cash and savings togetherLn 1–2$501K
InvestmentsLn 11–13$7.0M
Land, buildings, equipmentLn 10c$312K
Other assetsLn 15$1.5M
Total assetsLn 16$15.3M
LiabilitiesLn 26$2.5M
Net assetsLn 32$12.8M
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 FY23End FY23
Cash and savingsLn 1–2$2.0M$501K
InvestmentsLn 11–13$7.0M
Land, buildings, equipmentLn 10c$369K$312K
Total assetsLn 16$5.0M$15.3M
LiabilitiesLn 26$1.1M$2.5M
Net assetsLn 32$3.9M$12.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$94K$94K
Pay of current officers, directors and key staffLn 5$548K$364K$127K$57K
Other salaries and wagesLn 7$1.5M$752K$465K$257K
Pension plan contributionsLn 8$51K$51K
Other employee benefitsLn 9$151K$143K$8K
Payroll taxesLn 10$134K$134K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$219K$219K
Other fees for servicesLn 11g$431K$39K$326K$66K
Advertising and promotionLn 12$91K$78K$13K$314
Office expensesLn 13$57K$45K$10K$2K
Information technologyLn 14$101K$3K$97K$627
OccupancyLn 16$270K$270K
TravelLn 17$676K$570K$89K$17K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$68K$68K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$255K$232K$8K$15K
Total functional expensesLn 25$4.7M$2.2M$2.1M$422K

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 Viewing $13.7M$4.7M$9.0M$12.8M 990 PDF
FY2022 $6.1M$3.6M$2.4M$3.9M 990 PDF
FY2021 $4.3M$3.2M$1.1M$1.4M 990 PDF
FY2020 $3.2M$5.7M−$2.5M$330K 990 PDF

More to add? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $13,658,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,923,469$12,362,645
I-9 Program service revenuePrior year $1,143,795$1,008,007
I-10 Investment incomePrior year $4,664$54,086
I-11 Other revenuePrior year $6,068$233,550
I-12 Total revenuePrior year $6,077,996$13,658,288
I-13 Grants and similar amounts paidPrior year $90,793$94,062
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,003,489$2,356,612
I-16a Professional fundraising feesPrior year $12,000$0
I-17 Other expensesPrior year $1,539,144$2,242,954
I-18 Total expensesPrior year $3,645,426$4,693,628
I-19 Revenue less expensesPrior year $2,432,570$8,964,660
Part VI · Governance 13 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
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 $13,658,288 across 7 lines filed
VIII-1f All other contributions, gifts and grants$12,362,645
VIII-1h Total contributions, gifts and grants$12,362,645
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,008,007$1,008,007
VIII-3 Investment incomeExcluded from tax $54,086$54,086
VIII-6 Net rental income or lossExcluded from tax $230,467$230,467
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,083$3,083
VIII-12 Total revenueRelated to mission $1,008,007 · Unrelated business $0 · Excluded from tax $287,636$13,658,288
Part IX · Statement of functional expenses $4,693,628 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $94,062$94,062
IX-5 Pay of current officers, directors and key staffPrograms $364,176 · Management $126,945 · Fundraising $57,183$548,304
IX-7 Other salaries and wagesPrograms $751,858 · Management $464,602 · Fundraising $256,683$1,473,143
IX-8 Pension plan contributionsManagement $50,599$50,599
IX-9 Other employee benefitsManagement $142,998 · Fundraising $7,611$150,609
IX-10 Payroll taxesManagement $133,957$133,957
IX-11b Legal feesManagement $19,875$19,875
IX-11c Accounting feesManagement $218,736$218,736
IX-11g Other fees for servicesPrograms $39,294 · Management $325,656 · Fundraising $66,250$431,200
IX-12 Advertising and promotionPrograms $77,503 · Management $12,959 · Fundraising $314$90,776
IX-13 Office expensesPrograms $45,061 · Management $10,480 · Fundraising $1,673$57,214
IX-14 Information technologyPrograms $2,637 · Management $97,253 · Fundraising $627$100,517
IX-16 OccupancyManagement $269,704$269,704
IX-17 TravelPrograms $570,241 · Management $88,681 · Fundraising $17,208$676,130
IX-20 InterestManagement $4,009$4,009
IX-22 Depreciation, depletion and amortizationManagement $67,562$67,562
IX-23 InsuranceManagement $52,555$52,555
IX-24 Other expenses (24a–d)Programs $232,163 · Management $7,906 · Fundraising $14,607$254,676
IX-25 Total functional expensesPrograms $2,176,995 · Management $2,094,477 · Fundraising $422,156$4,693,628
Part X · Balance sheet $15,291,276 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,956,125$500,581
X-3 Pledges and grants receivableStart of year $2,240,021$5,538,372
X-4 Accounts receivableStart of year $326,442$397,688
X-9 Prepaid expenses and deferred chargesStart of year $32,646$36,744
X-10c Land, buildings and equipment, netStart of year $368,792$311,598
X-11 Publicly traded securities$7,009,626
X-15 Other assetsStart of year $52,651$1,496,667
X-16 Total assetsStart of year $4,976,677$15,291,276
X-17 Accounts payable and accrued expensesStart of year $278,846$270,846
X-24 Unsecured notes and loans payableStart of year $156,288$152,575
X-25 Other liabilitiesStart of year $605,338$2,044,248
X-26 Total liabilitiesStart of year $1,123,271$2,467,669
X-27 Net assets without donor restrictionsStart of year $2,129,026$7,149,595
X-28 Net assets with donor restrictionsStart of year $1,724,380$5,674,012
X-32 Total net assets or fund balancesStart of year $3,853,406$12,823,607
X-33 Total liabilities and net assetsStart of year $4,976,677$15,291,276
Part XI · Reconciliation of net assets $12,823,607 net assets at year end
XI-1 Total revenue$13,658,288
XI-2 Total expenses$4,693,628
XI-3 Revenue less expenses$8,964,660
XI-4 Net assets at start of year$3,853,406
XI-5 Net unrealized gains (losses) on investments$5,541
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,823,607

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.