Totals
- Total revenue
- $13,658,288
- Total expenses
- $4,693,628
- Contributions and grants received
- $12,362,645
- Grants paid
- $94,062
- Program service revenue
- $1,008,007
- Investment income
- $54,086
- Other revenue
- $233,550
- Total assets, end of year
- $15,291,276
- Total liabilities, end of year
- $2,467,669
- Net assets or fund balances, end of year
- $12,823,607
- Program services expenses (Part IX)
- $2,176,995
- Management and general expenses
- $2,094,477
- Fundraising expenses
- $422,156
- Program service expenses (Part III)
- $2,176,995
Program services were 46.4% 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.
-
1f · All other contributions, gifts and grants
$12,362,645
-
2a · Program service revenue: AGENCY AND SCHOOL FEES
total $1,008,007 · related or exempt $1,008,007
-
3 · Investment income
total $54,086 · excluded $54,086
-
6a · Gross rents
real property $230,467
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $230,467
-
6d · Net rental income or loss
total $230,467 · excluded $230,467
-
11a · Other revenue: OTHER INCOME
total $3,083 · excluded $3,083
-
11e · Other revenue, total
$3,083
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $94,062 · program services $94,062
-
5 · Compensation of officers, directors and key employees
total $548,304 · program services $364,176 · management and general $126,945 · fundraising $57,183
-
7 · Other salaries and wages
total $1,473,143 · program services $751,858 · management and general $464,602 · fundraising $256,683
-
8 · Pension plan contributions
total $50,599 · management and general $50,599
-
9 · Other employee benefits
total $150,609 · management and general $142,998 · fundraising $7,611
-
10 · Payroll taxes
total $133,957 · management and general $133,957
-
11b · Fees: legal
total $19,875 · management and general $19,875
-
11c · Fees: accounting
total $218,736 · management and general $218,736
-
11g · Fees: other
total $431,200 · program services $39,294 · management and general $325,656 · fundraising $66,250
-
12 · Advertising and promotion
total $90,776 · program services $77,503 · management and general $12,959 · fundraising $314
-
13 · Office expenses
total $57,214 · program services $45,061 · management and general $10,480 · fundraising $1,673
-
14 · Information technology
total $100,517 · program services $2,637 · management and general $97,253 · fundraising $627
-
16 · Occupancy
total $269,704 · management and general $269,704
-
17 · Travel
total $676,130 · program services $570,241 · management and general $88,681 · fundraising $17,208
-
20 · Interest
total $4,009 · management and general $4,009
-
22 · Depreciation, depletion and amortization
total $67,562 · management and general $67,562
-
23 · Insurance
total $52,555 · management and general $52,555
-
24a · Other expenses: COLLEGE HOSTING AND PRO
total $205,949 · program services $183,436 · management and general $7,906 · fundraising $14,607
-
24b · Other expenses: BAD DEBT EXPENSES
total $43,504 · program services $43,504
-
24c · Other expenses: AWARDS & HONORARIA
total $5,223 · program services $5,223
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,956,125 · end of year $500,581
-
3 · Pledges and grants receivable
beginning of year $2,240,021 · end of year $5,538,372
-
4 · Accounts receivable
beginning of year $326,442 · end of year $397,688
-
9 · Prepaid expenses and deferred charges
beginning of year $32,646 · end of year $36,744
-
10a · Land, buildings and equipment: cost or other basis
$829,032
-
10b · Land, buildings and equipment: accumulated depreciation
$517,434
-
10c · Land, buildings and equipment, net
beginning of year $368,792 · end of year $311,598
-
11 · Investments: publicly traded securities
end of year $7,009,626
-
15 · Other assets
beginning of year $52,651 · end of year $1,496,667
-
17 · Accounts payable and accrued expenses
beginning of year $278,846 · end of year $270,846
-
19 · Deferred revenue
beginning of year $82,799
-
24 · Unsecured notes and loans payable
beginning of year $156,288 · end of year $152,575
-
25 · Other liabilities
beginning of year $605,338 · end of year $2,044,248
-
27 · Net assets without donor restrictions
beginning of year $2,129,026 · end of year $7,149,595
-
28 · Net assets with donor restrictions
beginning of year $1,724,380 · end of year $5,674,012
Mission and programs · 2022
Mission
COLLEGE SUMMIT, INC. D/B/A PEERFORWARD (PEERFORWARD)'S MISSION IS TO UNLEASH THE POWER OF POSITIVE PEER INFLUENCE TO TRANSFORM THE LIVES OF YOUTH LIVING IN LOW-INCOME COMMUNITIES BY CONNECTING THEM TO COLLEGE AND CAREERS.IN LOW-INCOME COMMUNITIES ACROSS AMERICA, PEERFORWARD CREATES A CORPS OF HIGH SCHOOL STUDENTS WHO LEAD THEIR PEERS TO AND THROUGH COLLEGE.
Activities or mission (Part I)
PEERFORWARD TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER.
-
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. THESE STUDENTS ARE KNOWN AS PEER LEADERS, AND THEY ARE TRAINING IN POWERFUL SUMMER WORKSHOPS AND SCHOOL-YEAR TRAINING SESSION FOCUSING ON THREE MAJOR CAMPAIGNS SURROUNDING EARLY FAFSA FILING, APPLYING TO THREE OR MORE POSTSECONDARY INSTITUTIONS AND CONNECTING CAREER WITH ACADEMIC CHOICES AND PLANNING.
Expenses $2,085,895 · Grants $94,062 · Revenue $1,008,007
-
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. IT CREATES NEW WAYS TO REACH STUDENTS, SUCH AS THE DEVELOPMENT OF MOBILE APPLICATIONS THAT GUIDE STUDENTS AND FAMILIES THROUGH THE COLLEGE ACCESS PROCESS AND SUPPORT PROGRAM ALUMNI BY PROVIDING INFORMATION AND ENCOURAGEMENT TO STAY ON TRACK WHILE IN COLLEGE.
Expenses $91,100
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gary LinnenGARY LINNEN
CEO
- Total calculated
- $265,000
- From this org
- $245,330
- From related orgs
- $0
- Other
- $19,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,330
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,670
- Filer's total
- $265,000
-
Nicholas M FlorioNICHOLAS M FLORIO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ramsey WalkerRAMSEY WALKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Renee TribbettRENEE TRIBBETT
SECRETARY/MANAGING DIRECTOR OF OPERATIONS
- Total calculated
- $111,917
- From this org
- $99,419
- From related orgs
- $0
- Other
- $12,498
- Hours/week
- 40
-
Boris BershteynBORIS BERSHTEYN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Billy ButcherBILLY BUTCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Howard ByckHOWARD BYCK
BOARD MEMBER AS OF 03/23
- Total calculated
- $0
- Hours/week
- 1
-
Dean FurbushDEAN FURBUSH
BOARD MEMBER-UNTIL 10/22
- Total calculated
- $0
- Hours/week
- 1
-
Karin GoldmarkKARIN GOLDMARK
BOARD MEMBER - AS OF 10/22
- Total calculated
- $0
- Hours/week
- 1
-
Joshua GreenwaldJOSHUA GREENWALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Timothy HoeffnerTIMOTHY HOEFFNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aadon PennyAADON PENNY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dionne RogersDIONNE ROGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jb SchrammJB SCHRAMM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amanda HaleAMANDA HALE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana WarrenDANA WARREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank S WilliamsFRANK S WILLIAMS
BOARD MEMBER AS OF 10/22
- Total calculated
- $0
- Hours/week
- 1
-
Raquel FigueroaRAQUEL FIGUEROA
MD OF PROGRAM & INNOVATION
- Total calculated
- $139,640
- From this org
- $113,788
- From related orgs
- $0
- Other
- $25,852
- Hours/week
- 40
-
Shyla IngramSHYLA INGRAM
DIRECTOR OF FINANCE
- Total calculated
- $0
- Hours/week
- 40
-
Reagan WalkerREAGAN WALKER
MANAGING DIR., MARKETING
- Total calculated
- $129,870
- From this org
- $119,636
- From related orgs
- $0
- Other
- $10,234
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400739349301710
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