Bound For College Inc
- Assets
- $392.2k
- Revenue
- $369.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Delray Beach, FL
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 45-4916115
Organization Overview
Bound For College Inc is located in Delray Beach, FL. The organization was established in 2014. According to its NTEE Classification (D61) the organization is classified as: Animal Training, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bound For College Inc 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 12/2022, Bound For College Inc generated $369.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $305.4k during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 8 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
HELPING ECONOMICALLY DISADVANTAGED STUDENTS REACH THEIR FULL POTENTIAL BY OFFERING ACT/SAT TEST TUTORING AND PREPARATION; FIELD TRIPS AND COLLEGE TOURS; ENVIRONMENTAL EDUCATION AND COMMUNITY PROJECTS; SWIM LESSONS; OUTDOOR ACTIVITIES AND FIELD TRIPS; LIFE SKILLS ENRICHMENT; DIRECT STUDENT SUPPORT (SUPPLEMENTAL FUNDING FOR MEDICAL, TRAVEL AND OTHER UNFORESEEN COLLEGE NEEDS) AND GROUP MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT/SAT TEST TUTORING AND PREPARATION; FIELD TRIPS AND COLLEGE TOURS; SWIM LESSONS; OUTDOOR ACTIVITIES AND FIELD TRIPS; LIFE SKILLS ENRICHMENT; FAMILY STRENGTHENING (MENTAL HEALTH COUNCELING); DIRECT STUDENT SUPPORT (SUPPLEMENTAL FUNDING FOR MEDICAL, TRAVEL AND OTHER UNFORESEEN COLLEGE NEEDS) AND GROUP MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Solis Executive Dir. | Trustee | 0.5 | $44,370 |
Leo Ressa Chairman | OfficerTrustee | 2 | $0 |
Michael Hlatki Treasurer | OfficerTrustee | 1 | $0 |
Margi Greenfield Secretary | OfficerTrustee | 1 | $0 |
Chip Dickson Director | Trustee | 0.5 | $0 |
Jeff Margolis Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,384 |
| Total Program Service Revenue | $0 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,624 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,529 |
| Office expenses | $1,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $5,542 |
| All other expenses | $28,301 |
| Total functional expenses | $305,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,442 |
| Savings and temporary cash investments | $99,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,249 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,611 |
| Total assets | $392,157 |
| Accounts payable and accrued expenses | $1,938 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,938 |
| Net assets without donor restrictions | $318,664 |
| Net assets with donor restrictions | $71,555 |
| 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 | $392,157 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bound For College Inc has recieved totaling $134,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Palm Beach County Inc West Palm Beach, FL PURPOSE: Allocations to Agencies and Community Impact | $47,000 |
Edwin A Levy Charitable Foundation Inc Henniker, NH PURPOSE: UNRESTRICTED | $45,000 |
Leslie L Alexander Foundation Delray Beach, FL PURPOSE: HUMANITARIAN CHARITY | $20,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Dogs Alabama Hope Hull, AL | $1,321,408 | $633,841 |
Top Dogg K9 Foundation Tdk9f Inc Lilburn, GA | $7,784 | $265,285 |
Bound For College Inc Delray Beach, FL | $392,157 | $369,554 |
Dog Training Club Of St Petersburg Inc St Petersburg, FL | $117,249 | $307,039 |
Dog Training Club Of Tampa Inc Palm Harbor, FL | $56,186 | $258,737 |
Atlanta Obedience Club Inc Norcross, GA | $62,971 | $0 |
Marion Alachua Dog Training Association Inc Ocala, FL | $664,474 | $195,828 |
West Volusia Kennel Club Inc Deland, FL | $120,103 | $0 |
Patriot Service Dogs Fleming Island, FL | $301,052 | $0 |
Fidos4heroes Inc Columbus, GA | $71,747 | $87,486 |
Semper Fi Service Dogs Inc West Palm Bch, FL | $1,179 | $0 |
Atlanta Golden Retriever Club Inc Hoschton, GA | $57,201 | $87,845 |