Skip to content
Nonprofiteer
← COLLEGE BOUND ACADEMY INC

Form 990 for tax year 2022

Filed by COLLEGE BOUND ACADEMY INC.

Totals

Total revenue
$5,374,421
Total expenses
$5,349,943
Contributions and grants received
$5,241,629
Grants paid
$0
Program service revenue
$0
Investment income
$35,403
Other revenue
$97,389
Total assets, end of year
$2,746,507
Total liabilities, end of year
$843,610
Net assets or fund balances, end of year
$1,902,897
Program services expenses (Part IX)
$4,544,430
Management and general expenses
$805,513
Fundraising expenses
$0
Program service expenses (Part III)
$4,544,430

Program services were 84.9% 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)

    $4,849,494

  • 1f · All other contributions, gifts and grants

    $392,135

  • 3 · Investment income

    total $35,403 · related or exempt $35,403

  • 11a · Other revenue: MISC REVENUES

    total $93,137 · related or exempt $93,137

  • 11b · Other revenue: LAPSED APPREST WARR

    total $4,252 · related or exempt $4,252

  • 11e · Other revenue, total

    $97,389

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,629,202 · program services $2,189,060 · management and general $440,142

  • 9 · Other employee benefits

    total $426,695 · program services $371,036 · management and general $55,659

  • 10 · Payroll taxes

    total $188,291 · program services $155,423 · management and general $32,868

  • 11a · Fees: management

    total $9,156 · management and general $9,156

  • 11c · Fees: accounting

    total $53,586 · management and general $53,586

  • 11g · Fees: other

    total $145,447 · program services $135,313 · management and general $10,134

  • 12 · Advertising and promotion

    total $6,381 · management and general $6,381

  • 13 · Office expenses

    total $14,791 · management and general $14,791

  • 14 · Information technology

    total $14,007 · management and general $14,007

  • 16 · Occupancy

    total $355,351 · program services $335,168 · management and general $20,183

  • 23 · Insurance

    total $36,530 · program services $35,705 · management and general $825

  • 24a · Other expenses: SUPPLIES

    total $1,092,549 · program services $1,074,622 · management and general $17,927

  • 24b · Other expenses: TRANSPORTATION

    total $136,403 · program services $136,403

  • 24c · Other expenses: FOOD SERVICE

    total $34,566 · management and general $34,566

  • 24d · Other expenses: UTILITIES

    total $59,323 · program services $59,323

  • 24e · All other expenses

    total $147,665 · program services $52,377 · management and general $95,288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,025 · end of year $1,340,633

  • 2 · Savings and temporary cash investments

    beginning of year $1,925,537 · end of year $1,405,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,143 · end of year $843,610

  • 27 · Net assets without donor restrictions

    beginning of year $1,878,419 · end of year $1,902,897

Mission and programs · 2022

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 $4,544,430

As filed on the 2022 return.

Listed in Part VII

  • Andrea Warren

    HEAD OF SCHOOL

    Total calculated
    $118,320
    From this org
    $118,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Samantha Powell

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Mahnken

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sarah Schemmer

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julie Peters

    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

  • 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
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202411169349300241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.