College Bound Opportunities
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Riverwoods, IL
- Founding
- 05/2007
- Data as of
- 06/2023
- 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 06/2023, College Bound Opportunities employed 9 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 06/2023, College Bound Opportunities generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 3.9% 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
2023
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 |
|---|---|---|---|
Brian Weinberg Chair | OfficerTrustee | 4 | $0 |
Karen Lygizos Vice Chair | OfficerTrustee | 4 | $0 |
Matt Laughton Treasurer/secretary | OfficerTrustee | 4 | $0 |
Todd Heyden Director | Trustee | 1 | $0 |
Beth Hull Director | Trustee | 1 | $0 |
Seth Katz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,732 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $667,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,661 |
| Total Program Service Revenue | $0 |
| Investment income | $25,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,726 |
| Net Income from Fundraising Events | $133,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $320,803 |
| 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 | $521,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,490 |
| Payroll taxes | $35,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $669 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,254 |
| 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 | $1,590 |
| Insurance | $12,232 |
| All other expenses | $48,332 |
| Total functional expenses | $1,146,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,061 |
| Savings and temporary cash investments | $789,901 |
| Pledges and grants receivable | $177,000 |
| 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 | $26,720 |
| Net Land, buildings, and equipment | $4,456 |
| Investments—publicly traded securities | $229,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,290 |
| Total assets | $1,639,612 |
| Accounts payable and accrued expenses | $25,451 |
| Grants payable | $0 |
| Deferred revenue | $61,450 |
| 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 | $2,074,213 |
| Total liabilities | $2,161,114 |
| Net assets without donor restrictions | -$627,502 |
| 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 | $1,639,612 |