College Bound Opportunities
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Riverwoods, IL
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 20-4811544
Organization Overview
College Bound Opportunities is located in Riverwoods, IL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, College Bound Opportunities employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Bound Opportunities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, College Bound Opportunities generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Bell Executive Director | 40 | $124,367 | |
Brian Weinberg Chair | OfficerTrustee | 4 | $0 |
Kathy Mckenna Treasurer/secretary | OfficerTrustee | 4 | $0 |
Karen Lygizos Vice Chair | OfficerTrustee | 4 | $0 |
Matt Laughton Director | Trustee | 1 | $0 |
Bonnie C Shlensky Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,100 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,168 |
| Total Program Service Revenue | $0 |
| Investment income | $25,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $181,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,050,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $542,553 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $493,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,659 |
| Payroll taxes | $34,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,969 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,456 |
| Insurance | $12,204 |
| All other expenses | $19,479 |
| Total functional expenses | $1,273,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,656 |
| Savings and temporary cash investments | $1,138,213 |
| Pledges and grants receivable | $279,103 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,501 |
| Net Land, buildings, and equipment | $6,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,012 |
| Total assets | $1,813,531 |
| Accounts payable and accrued expenses | $22,160 |
| Grants payable | $0 |
| Deferred revenue | $52,050 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,095,675 |
| Total liabilities | $2,169,885 |
| Net assets without donor restrictions | -$462,354 |
| Net assets with donor restrictions | $106,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,813,531 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that College Bound Opportunities has recieved totaling $1,300.
| Awarding Organization | Amount |
|---|---|
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $500 |
Denise Frisch Davis Foundation Highland Park, IL PURPOSE: TO MENTOR, EMPOWER AND INSPIRE LOW-INCOME, FIRST GENERATION HIGH SCHOOL STUDENTS TO OVERCOME BARRIERS, GRADUATE COLLEGE AND ACHIEVE SUCCESS IN LIFE | $500 |
Nathan Tannenbaum Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $300 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |