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Nonprofiteer
← COLLEGE BOUND ACADEMY INC

Form 990 for tax year 2023

Filed by COLLEGE BOUND ACADEMY INC.

Totals

Total revenue
$10,982,559
Total expenses
$9,814,675
Contributions and grants received
$10,753,376
Grants paid
$0
Program service revenue
$0
Investment income
$64,921
Other revenue
$164,262
Total assets, end of year
$3,973,035
Total liabilities, end of year
$902,254
Net assets or fund balances, end of year
$3,070,781
Program services expenses (Part IX)
$8,132,141
Management and general expenses
$1,682,534
Fundraising expenses
$0
Program service expenses (Part III)
$8,132,141

Program services were 82.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,553,326

  • 1f · All other contributions, gifts and grants

    $200,050

  • 3 · Investment income

    total $64,921 · related or exempt $64,921

  • 11a · Other revenue: MISC REVENUES

    total $77,057 · related or exempt $77,057

  • 11b · Other revenue: LAPSED APPREST WARR

    total $87,205 · related or exempt $87,205

  • 11e · Other revenue, total

    $164,262

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,006,918 · program services $3,975,878 · management and general $1,031,040

  • 8 · Pension plan contributions

    total $139,787 · program services $108,221 · management and general $31,566

  • 9 · Other employee benefits

    total $674,278 · program services $583,774 · management and general $90,504

  • 10 · Payroll taxes

    total $366,890 · program services $288,989 · management and general $77,901

  • 11a · Fees: management

    total $59,703 · management and general $59,703

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 11g · Fees: other

    total $319,921 · program services $263,248 · management and general $56,673

  • 12 · Advertising and promotion

    total $41,422 · management and general $41,422

  • 13 · Office expenses

    total $531 · management and general $531

  • 14 · Information technology

    total $24,668 · program services $1,983 · management and general $22,685

  • 16 · Occupancy

    total $889,828 · program services $830,341 · management and general $59,487

  • 19 · Conferences, conventions and meetings

    total $3,550 · program services $3,495 · management and general $55

  • 23 · Insurance

    total $53,252 · program services $52,176 · management and general $1,076

  • 24a · Other expenses: SUPPLIES

    total $1,131,659 · program services $1,130,795 · management and general $864

  • 24b · Other expenses: TRANSPORTATION

    total $536,194 · program services $536,194

  • 24c · Other expenses: FOOD SERVICE

    total $156,329 · program services $156,329

  • 24d · Other expenses: UTILITIES

    total $183,473 · program services $183,473

  • 24e · All other expenses

    total $220,272 · program services $17,245 · management and general $203,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,340,633 · end of year $458,283

  • 2 · Savings and temporary cash investments

    beginning of year $1,405,874 · end of year $3,514,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $843,610 · end of year $902,254

  • 27 · Net assets without donor restrictions

    beginning of year $1,902,897 · end of year $3,070,781

Mission and programs · 2023

Mission

THROUGH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A JOYFUL, ACHIEVEMENT ORIENTED SCHOOL CULTURE, WE WILL EQUIP EVERY K-4 SCHOLAR WITH THE FREEDOM TO SUCCEED IN MIDDLE SCHOOL AND HIGH SCHOOL, GRADUATE FROM COLLEGE AND ACCESS THE PROFESSIONAL CAREER OF THEIR CHOICE.

  • THROUGH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A JOYFUL, ACHIEVEMENT ORIENTED SCHOOL CULTURE, COLLEGE BOUND ACADEMY WILL EQUIP EVERY K-4 SCHOLAR WITH THE FREEDOM TO SUCCEED IN MIDDLE SCHOOL AND HIGH SCHOOL, GRADUATE FROM COLLEGE AND ACCESS THE PROFESSIONAL CAREER OF THEIR CHOICE.

    Expenses $8,132,141

As filed on the 2023 return.

Listed in Part VII

  • Andrea Warren

    HEAD OF SCHOOL

    Total calculated
    $144,000
    From this org
    $144,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christopher Mahnken

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Samantha Powell

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elian Hurtado

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sarah Schemmer

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Gnaedig

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Caleb Leggett

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julie Peters

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Witter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v6.0
Source object
202530429349301143

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