College Now Greater Cleveland Inc is located in Cleveland, OH. The organization was established in 1967. 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 07/2023, College Now Greater Cleveland Inc employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Now Greater Cleveland 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 07/2022, College Now Greater Cleveland Inc generated $24.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $21.2m during the year ending 07/2022. While expenses have increased by 10.0% 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
TO INCREASE POSTSECONDARY EDUCATIONAL ATTAINMENT THROUGH COLLEGE AND CAREER ACCESS ADVISING, FINANCIAL AID COUNSELING AND SCHOLARSHIP AND RETENTION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL AID: COLLEGE NOW GREATER CLEVELAND AWARDED SCHOLARSHIPS TO MORE THAN 2,500 TRADITIONAL AGE AND ADULT STUDENTS FROM THE NORTHEAST OHIO AREA THROUGH ITS OWN SCHOLARSHIP PROGRAM AND THROUGH SCHOLARSHIP PROGRAMS THAT IT MANAGES. AWARDED SCHOLARSHIPS TOTALED OVER $6.9 MILLION IN THE 2022-2023 ACADEMIC YEAR. COLLEGE NOW HELPS TO ENSURE SUCCESSFUL TRANSITIONS TO AND THROUGH THE FIRST YEAR OF POSTSECONDARY ENROLLMENT VIA SCHOLARSHIP AND RETENTION SERVICES AND STRENGTHENS POSTSECONDARY PERSISTENCE AND COMPLETION FOR ITS TRADITIONAL AGE STUDENTS THROUGH ITS INNOVATIVE E-MENTORING PROGRAM. THIS PROGRAM IS LEVERAGED BY ABOUT 1,700 COMMUNITY VOLUNTEERS. ON AVERAGE, COLLEGE NOW TRADITIONAL STUDENTS ENROLL IN COLLEGE AT HIGHER RATES THAN STUDENTS FROM LOW-INCOME BACKGROUNDS ACROSS THE COUNTRY AND NEAR THE AVERAGE RATE FOR STUDENTS FROM ALL INCOME BACKGROUNDS ACROSS THE COUNTRY. COLLEGE NOW'S TRADITIONAL STUDENT SCHOLARSHIP RECIPIENTS GRADUATE FROM COLLEGE AT SIGNIFICANTLY HIGHER RATES THAN THEIR PEERS FROM LOW-INCOME BACKGROUNDS AND ABOVE THE RATES OF ALL US STUDENTS. SINCE 1967, COLLEGE NOW HAS SERVED HUNDREDS OF THOUSANDS OF INDIVIDUALS AND AWARDED SOME $102 MILLION IN SCHOLARSHIPS TO NORTHEAST OHIO STUDENTS AND ADULT LEARNERS.
SPECIAL SERVICES
ADVISORY SERVICES: COLLEGE NOW GREATER CLEVELAND PROVIDED COLLEGE AND CAREER ACCESS ADVISING, STUDENT FINANCIAL AID COUNSELING, SCHOLARSHIP, AND RETENTION SERVICES TO OVER 33,000 NORTHEAST OHIO STUDENTS AND INDIVIDUALS IN ONE-ON-ONE AND GROUP SESSIONS. DURING THE 2022-2023 ACADEMIC YEAR, COLLEGE NOW SERVED STUDENTS AND INDIVIDUALS VIRTUALLY AND IN APPROXIMATELY 200 VENUES, INCLUDING MORE THAN 100 MIDDLE AND HIGH SCHOOLS IN CUYAHOGA, GEAUGA, LAKE, LORAIN, MEDINA, RICHLAND, AND SUMMIT COUNTIES. COLLEGE NOW PROVIDES VIRTUAL, IN-SCHOOL, NEED-BASED SERVICES THROUGHOUT THE SCHOOL YEAR, AFTER SCHOOL, AND DURING THE SUMMER. CORE SERVICES INCLUDE: ACADEMIC ADVISING - GUIDANCE ON HIGH SCHOOL COURSE PLANNING; GRADUATION REQUIREMENTS; COURSE REQUIREMENTS FOR SPECIFIC COLLEGE MAJORS AND COURSES OF STUDY; AND TIPS ON TIME MANAGEMENT SKILLS NECESSARY FOR POSTSECONDARY SUCCESS; CAREER EXPLORATION - GUIDING STUDENTS AS THEY EXPLORE THEIR OWN INTERESTS AND VARIOUS CAREER OPPORTUNITIES AND THE TRAINING/EDUCATION THAT IS REQUIRED TO BE SUCCESSFUL IN A PARTICULAR FIELD, SHARING INFORMATION ON SPECIFIC CAREERS IN DEMAND IN NORTHEAST OHIO, AS WELL AS EXTENDING OPPORTUNITIES FOR FIELD VISITS AND VISITS FROM PROFESSIONALS; COLLEGE EXPLORATION, APPLICATIONS AND ENROLLMENT - ASSISTING STUDENTS WITH RESEARCHING POSTSECONDARY OPTIONS, COMPLETING COLLEGE APPLICATIONS, PROVIDING APPLICATION FEE WAIVERS, VISITING COLLEGE CAMPUSES, AND ENSURING THAT STUDENTS WHO HAVE BEEN ACCEPTED INTO COLLEGE ENROLL AND REGISTER FOR CLASSES; AND STUDENT FINANCIAL AID COUNSELING - GUIDING STUDENTS AND THEIR FAMILIES THROUGH THE OFTEN-ARDUOUS PROCESS OF FILING FOR FINANCIAL AID AND SCHOLARSHIPS, INCLUDING THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID), ASSISTING WITH SPECIAL CIRCUMSTANCE APPEALS AND REQUESTS FOR VERIFICATION, IDENTIFYING OTHER FINANCIAL AID SOURCES, PROVIDING PERSONALIZED STRATEGIES SECURE MAXIMUM FINANCIAL AID TO HELP STUDENTS PERSIST TO GRADUATION WITH MINIMAL STUDENT LOAN DEBT, INTERPRETING THE STUDENT AID REPORT AND FINANCIAL AID AWARD LETTERS, AND DETERMINING FINAL COLLEGE COSTS.
ADULT PROGRAMS AND SERVICES AND THE COLLEGE NOW RESOURCE CENTERS: IN COOPERATION WITH ABOUT 40 NEIGHBORHOOD-BASED COMMUNITY PARTNERS, AT OUR RESOURCE CENTERS IN CLEVELAND AND AKRON, AND VIRTUALLY, COLLEGE NOW GREATER CLEVELAND OFFERED OUTREACH, ONE-ON-ONE SESSIONS, AND SMALL GROUP WORKSHOPS TO SERVE JUST MORE THAN 11,000 PEOPLE FROM ACROSS NORTHEAST OHIO WITH A CONCENTRATION IN CUYAHOGA AND SUMMIT COUNTIES. THE RESOURCE CENTERS ARE FREE AND OPEN TO THE PUBLIC. VIRTUAL SERVICES ARE ALSO FREE AND OPEN TO THE PUBLIC. CORE SERVICES TO ADULTS INCLUDE COLLEGE AND CAREER ACCESS ADVISING, STUDENT FINANCIAL AID AND STUDENT LOAN COUNSELING, MENTORING, AND SCHOLARSHIP SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lee Friedman Chief Executive Officer | Officer | 40 | $560,300 |
Alenka Winslett Chief Operating Officer | Officer | 40 | $289,077 |
Michele Scott-Taylor Chief Programs Officer | Officer | 40 | $273,149 |
Kittie Warshawsky Chief Development Officer | Officer | 40 | $266,206 |
Mark Magyar Chief Financial Officer | Officer | 40 | $212,442 |
Margaret Armour Hied Compact Project Director | 40 | $158,195 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $860,885 |
Related organizations | $0 |
Government grants | $5,666,820 |
All other contributions, gifts, grants, and similar amounts not included above | $15,317,276 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $21,844,981 |
Total Program Service Revenue | $1,612,199 |
Investment income | $208,863 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,096,376 |
Net Income from Fundraising Events | -$153,708 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,635,286 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $7,508,638 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,527,483 |
Compensation of current officers, directors, key employees. | $150,966 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,111,832 |
Pension plan accruals and contributions | $226,425 |
Other employee benefits | $1,007,553 |
Payroll taxes | $573,508 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $21,007 |
Fees for services: Other | $496,345 |
Advertising and promotion | $218,849 |
Office expenses | $172,718 |
Information technology | $229,669 |
Royalties | $0 |
Occupancy | $379,272 |
Travel | $84,981 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $147,524 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $60,903 |
Insurance | $0 |
All other expenses | $6,940 |
Total functional expenses | $21,210,020 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250 |
Savings and temporary cash investments | $8,537,805 |
Pledges and grants receivable | $3,491,490 |
Accounts receivable, net | $3,385,700 |
Loans from Officers, Directors, or Controlling Persons | $953,904 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $146,415 |
Net Land, buildings, and equipment | $577,274 |
Investments—publicly traded securities | $10,212,723 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $242,018 |
Total assets | $27,547,579 |
Accounts payable and accrued expenses | $583,274 |
Grants payable | $3,300,967 |
Deferred revenue | $2,752,111 |
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 | $6,636,352 |
Net assets without donor restrictions | $4,470,619 |
Net assets with donor restrictions | $16,440,608 |
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 | $27,547,579 |