Totals
- Total revenue
- $1,016,959
- Total expenses
- $1,146,130
- Contributions and grants received
- $813,661
- Grants paid
- $320,803
- Program service revenue
- $0
- Investment income
- $70,232
- Other revenue
- $133,066
- Total assets, end of year
- $1,639,612
- Total liabilities, end of year
- $2,161,114
- Net assets or fund balances, end of year
- -$521,502
- Program services expenses (Part IX)
- $851,138
- Management and general expenses
- $75,104
- Fundraising expenses
- $219,888
- Program service expenses (Part III)
- $851,138
Program services were 74.3% 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.
-
1c · Fundraising events
$139,732
-
1e · Government grants (contributions)
$6,000
-
1f · All other contributions, gifts and grants
$667,929
-
3 · Investment income
total $25,506 · related or exempt $25,506
-
7a · Gross sales of assets other than inventory
securities $543,353
-
7b · Less cost or other basis and sales expenses
securities $498,627
-
7c · Gain or loss
securities $44,726
-
7d · Net gain or loss
total $44,726 · related or exempt $44,726
-
8a · Fundraising events: gross income
$233,466
-
8a · Fundraising events: contributions included on line 1c
$139,732
-
8b · Fundraising events: direct expenses
$100,400
-
8c · Net income from fundraising events
total $133,066 · excluded $133,066
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $320,803 · program services $320,803
-
7 · Other salaries and wages
total $521,871 · program services $330,521 · management and general $21,003 · fundraising $170,347
-
9 · Other employee benefits
total $41,490 · program services $31,832 · management and general $379 · fundraising $9,279
-
10 · Payroll taxes
total $35,505 · program services $23,219 · management and general $996 · fundraising $11,290
-
11c · Fees: accounting
total $5,931 · management and general $5,931
-
12 · Advertising and promotion
total $669 · fundraising $669
-
16 · Occupancy
total $46,254 · program services $46,254
-
22 · Depreciation, depletion and amortization
total $1,590 · program services $1,590
-
23 · Insurance
total $12,232 · management and general $12,232
-
24a · Other expenses: STUDENT COMPUTER EXPENS
total $60,616 · program services $60,616
-
24b · Other expenses: DISCOUNT ON PLEDGES REC
total $24,090 · management and general $24,090
-
24c · Other expenses: COMPUTER AND SOFTWARE
total $13,782 · program services $2,373 · fundraising $11,409
-
24d · Other expenses: STUDENT SUPPORT EXPENSE
total $12,965 · program services $12,965
-
24e · All other expenses
total $48,332 · program services $20,965 · management and general $10,473 · fundraising $16,894
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $218,656 · end of year $233,061
-
2 · Savings and temporary cash investments
beginning of year $1,138,213 · end of year $789,901
-
3 · Pledges and grants receivable
beginning of year $279,103 · end of year $177,000
-
9 · Prepaid expenses and deferred charges
beginning of year $25,501 · end of year $26,720
-
10a · Land, buildings and equipment: cost or other basis
$7,952
-
10b · Land, buildings and equipment: accumulated depreciation
$3,496
-
10c · Land, buildings and equipment, net
beginning of year $6,046 · end of year $4,456
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $229,184
-
15 · Other assets
beginning of year $271,836 · end of year $179,290
-
17 · Accounts payable and accrued expenses
beginning of year $22,160 · end of year $25,451
-
19 · Deferred revenue
beginning of year $52,050 · end of year $61,450
-
25 · Other liabilities
beginning of year $2,227,430 · end of year $2,074,213
-
27 · Net assets without donor restrictions
beginning of year -$468,285 · end of year -$627,502
-
28 · Net assets with donor restrictions
beginning of year $106,000 · end of year $106,000
Mission and programs · 2022
Mission
COLLEGE BOUND OPPORTUNITIES MENTORS, EMPOWERS AND INSPIRES LOW-INCOME, FIRST-GENERATION SCHOLARS TO OVERCOME BARRIERS, GRADUATE COLLEGE AND ACHIEVE SUCCESS IN LIFE.
Activities or mission (Part I)
COLLEGE BOUND OPPORTUNITIES (CBO) PROVIDES ASSISTANCE TO HIGH SCHOOL AND COLLEGE STUDENTS OF LIMITED MEANS AND WHOSE CULTURAL BACKGROUNDS MAY POSE BARRIERS TO GAIN ENTRY INTO A COLLEGE OR UNIVERSITY. CBO ASSISTS THEM IN IDENTIFYING SCHOLARSHIP OPPORTUNITIES AND IN GUIDING THEM TOWARD THE SUCCESSFUL COOMPLETION OF THEIR HIGHER EDUCATION EXPERIENCE.
-
THE ORGANIZATION PROVIDED FINANCIAL ASSISTANCE TO STUDENTS, SPONSORED STUDENT TRIPS TO COLLEGES, AND PROVIDED TRAINING AIMED TOWARD ENHANCING THE STUDENT'S COLLEGE ADMISSION KNOWLEDGE AND PROSPECTS.
Expenses $851,138 · Grants $320,803 · Revenue $70,232
As filed on the 2022 return.
Listed in Part VII
-
Brian WeinbergBRIAN WEINBERG
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Karen LygizosKAREN LYGIZOS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Matt LaughtonMATT LAUGHTON
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Todd HeydenTODD HEYDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth HullBETH HULL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seth KatzSETH KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy McKennaKATHY MCKENNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alyssa Shlensky ShapiroALYSSA SHLENSKY SHAPIRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie C ShlenskyBONNIE C SHLENSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David SmithDAVID SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom TerranovaTOM TERRANOVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin WozniakERIN WOZNIAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan R BellSUSAN R BELL
EXECUTIVE DIRECTOR
- Total calculated
- $128,397
- From this org
- $128,397
- From related orgs
- $0
- Other
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400899349301005
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