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College Bound

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521761312 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is College Bound?

College Bound is a distinguished nonprofit organization situated in Washington, D.C. Established in 1991, its primary objective is to empower public and public-charter school students in the metropolitan area to pursue higher education and achieve their personal and professional aspirations. College Bound achieves this through a multifaceted approach, including academic mentoring, SAT preparation, writing workshops, college tours, and career exploration events. The academic mentoring program pairs over 200 students in grades 8-12 with college-educated professionals, fostering a supportive relationship that lasts for two hours every week during the school year. Additionally, College Bound offers scholarships, totaling over $266,000 for the Class of 2022, ranging from $200 to $20,000. To strengthen students' STEM knowledge and awareness, College Bound offers remediation and enrichment sessions, along with monthly meetings with STEM professionals. With a growth in student population, College Bound provides a separate career exploration event for 8th and 9th graders. To ensure college success, College Bound offers virtual mentoring services, including college coaching, peer mentoring, and internships, to its alumni. College Bound's commitment to its students results in impressive college graduation rates, exceeding the national average for all students and more than doubling those for the demographic they serve.


Official website here: www.collegebound.org

Is College Bound legitimate?

College Bound is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Bound submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $159,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $337,688

For more financial information, click here


Official website here: www.collegebound.org

What is the mission statement of College Bound?

College Bound's mission is to prepare students from public and public-charter schools in the metropolitan Washington, D.C. area for college entry, degree completion, and achieving their personal and professional goals. They accomplish this through various programs, including academic mentoring, writing workshops, SAT preparation, college tours, and career exploration events. The organization matches students with college-educated professionals as mentors, offering them academic guidance, writing skills development, test preparation, and college awareness opportunities. Additionally, College Bound offers scholarships to assist students in funding their education and provides a virtual mentoring program to support their college transition. Their initiatives aim to increase college retention and graduation rates among students, surpassing the national average.


Official website here: www.collegebound.org

Who is the CEO of College Bound?

Kenneth Ward is the Board Chair of College Bound.


Official website here: www.collegebound.org

What is the revenue of College Bound?

College Bound's revenue in 2022 was $1,206,541.


Official website here: www.collegebound.org

Who are the executives of College Bound and what are their salaries?

The average compensation at College Bound during 2022 was $45,168. There are 11 employees and 391 volunteers at College Bound.

Here are 13 key members and their salaries:

    Kenneth A Ward (Executive Director)
  • Compensation: $141,924
  • Related: $0
  • Other: $17,240

    • Treneisha Jones Gaston (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Goutam Patnaik (Board Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Grant (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Hughes (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Williams-Lofton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Archie Rich (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Titus (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Siobhan Rausch (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Django Degree (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Quiana Mitchem (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jr Clark Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helynn Stephens-Nelson Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.collegebound.org

    Where can I find the form 990 for College Bound?

    The College Bound’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.collegebound.org

    Learn more at the official website: www.collegebound.org

    Mission Statement of College Bound

    College Bound, a nonprofit organization, is committed to preparing public and public-charter school students in the Metropolitan Washington, D.C. area for higher education. Its mission is to equip these students with the necessary skills and support to enter college, earn a degree, and achieve their personal and professional goals. College Bound employs a multifaceted approach to accomplish this mission, which includes providing academic mentoring, writing workshops, SAT preparation, college tours, and career exploration opportunities.

    The academic mentoring program pairs over 200 students in 8th-12th grade with college-educated professionals who act as their mentors. These pairs meet weekly for two hours during the school year at seven community-based sites, and also participate in monthly activities outside of the site to strengthen their mentoring relationship. College Bound also offers SAT preparation twice a year, providing access to a low-cost 10-week test preparation course taught by industry professionals. Students who complete the SAT class are then enrolled in one-on-one SAT tutoring to address their individual needs, leading to average increases of 200-300 points on the SAT.

    In addition to academic support, College Bound offers college tours, a college fair, and career night/exploration to expand students' awareness of higher education and its value. The fall tour is a one-day visit to two to three schools within a certain regional radius, while the spring tour is a four-day trip to eight to ten colleges and universities during spring break. The college fair, which takes place in the fall, is developed by students, parents, volunteers, and community leaders, and hosted by partners who attend, representing their alma maters. University representatives often offer on-site admissions or fee waivers to seniors. Career night, held annually for 10th-12th grade students, features roundtable discussions on career goals and opportunities that exist for them after college graduation.

    To address students' interest in STEM options, College Bound offers remediation and enrichment three times a week through its "STEM in Your Hood" program. Monthly meetings with STEM professionals during "Meditech Tuesdays" provide insights on career opportunities in STEM. College Bound also offers scholarships to assist its students with funding their education, totaling over $266,000 for the Class of 2022. Scholarships range from $200 to $20,000.

    Finally, College Bound's Virtual Mentoring Program (VMP) provides alumni access to services that students need to be successful as they matriculate through college. The program includes college coaching, college transition support, peer mentoring, scholarship information, and internships. Each freshman receives at least one campus visit, and more if needed, to increase college retention and graduation rates for students. College Bound's college graduation rates (4-year 60%; 6-year 81%) exceed the national average for all students and more than double those for the demographic it serves.

    Impact

    This information is meant to be a general summary of College Bound. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    College Bound's impact can be seen in its significant contribution to preparing public and public-charter school students in the Metropolitan Washington, D.C. area to enter college, earn degrees, and achieve their personal and professional goals. Since 1991, College Bound has been instrumental in making college a reality for students through a multi-pronged approach that includes academic mentoring, writing workshops, SAT preparation, college tours, career exploration events, STEM programs, scholarships, and a virtual mentoring program.

    Through these various initiatives, College Bound has been able to not only increase students' awareness of the value of a college education but also provide them with the necessary support and resources to succeed in higher education. The organization's efforts have resulted in impressive college graduation rates, with 60% graduating in four years and 81% in six years, exceeding the national average for all students and more than doubling those for the demographic it serves. Additionally, the Virtual Mentoring Program offers continued support to alumni as they navigate college life, further enhancing their chances of success.

    Overall, College Bound's impactful programs and dedicated support have played a crucial role in empowering students from underserved communities to pursue and achieve their educational and professional aspirations, ultimately transforming their lives and futures for the better.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $683
  • Program Service Revenue: $51,253
  • Gross Receipts: $1,234,256

    • Assets and Liabilities:
  • Total Assets: $731,420
  • Total Liabilities: $57,544
  • Net Assets: $673,876
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACT REVENUE

    Revenue

    $51,253

    Organization Details

    Founding Year

    1991

    Principal Officer

    Kenneth Ward

    Main Address

    128 M STREET NW 220, WASHINGTON, DC, 20001

    NTEE Category

    Code: B80Z - Education

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