College Summit Inc
- Assets
- $15.3m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 02/1997
- Data as of
- 04/2023
- EIN
- 52-2007028
Organization Overview
College Summit Inc, operating under the name Peerforward, is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 04/2023, Peerforward employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peerforward 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 04/2023, Peerforward generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.7m during the year ending 04/2023. 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
PEERFORWARD TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEERFORWARD- THIS PROGRAM TRAINS INFLUENTIAL HIGH SCHOOL STUDENTS TO BUILD A COLLEGE-GOING CULTURE BY PERSUADING AND COACHING THEIR CLASSMATES AND FRIENDS THROUGH THE COLLEGE ADMISSIONS PROCESS. THESE STUDENTS ARE KNOWN AS PEER LEADERS, AND THEY ARE TRAINING IN POWERFUL SUMMER WORKSHOPS AND SCHOOL-YEAR TRAINING SESSION FOCUSING ON THREE MAJOR CAMPAIGNS SURROUNDING EARLY FAFSA FILING, APPLYING TO THREE OR MORE POSTSECONDARY INSTITUTIONS AND CONNECTING CAREER WITH ACADEMIC CHOICES AND PLANNING.
INNOVATION - THIS PROGRAM DESIGNS AND EXPLORES NEW WAYS TO HELP ALL STUDENTS IN LOW-INCOME COMMUNITIES NAVIGATE THE COLLEGE-GOING PROCESS BY COLLABORATING WITH GOVERNMENT, TECHNOLOGY COMPANIES, BUSINESSES, FOUNDATIONS AND POLICY ORGANIZATIONS. IT CREATES NEW WAYS TO REACH STUDENTS, SUCH AS THE DEVELOPMENT OF MOBILE APPLICATIONS THAT GUIDE STUDENTS AND FAMILIES THROUGH THE COLLEGE ACCESS PROCESS AND SUPPORT PROGRAM ALUMNI BY PROVIDING INFORMATION AND ENCOURAGEMENT TO STAY ON TRACK WHILE IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Linnen CEO | OfficerTrustee | 40 | $245,330 |
Nicholas M Florio Chair | OfficerTrustee | 1 | $0 |
Ramsey Walker Treasurer | OfficerTrustee | 1 | $0 |
Renee Tribbett Secretary/managing Director Of Operations | OfficerTrustee | 40 | $99,419 |
Boris Bershteyn Board Member | Trustee | 1 | $0 |
Billy Butcher Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bridgespan Group Consulting Services | 4/29/20 | $180,000 |
Nonprofit Hr Solutions Llc Hr Services | 4/29/20 | $104,921 |
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 | $12,362,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,362,645 |
| Total Program Service Revenue | $1,008,007 |
| Investment income | $54,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $230,467 |
| 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 | $13,658,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $548,304 |
| Compensation of current officers, directors, key employees. | $126,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,473,143 |
| Pension plan accruals and contributions | $50,599 |
| Other employee benefits | $150,609 |
| Payroll taxes | $133,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,875 |
| Fees for services: Accounting | $218,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $431,200 |
| Advertising and promotion | $90,776 |
| Office expenses | $57,214 |
| Information technology | $100,517 |
| Royalties | $0 |
| Occupancy | $269,704 |
| Travel | $676,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,562 |
| Insurance | $52,555 |
| All other expenses | $0 |
| Total functional expenses | $4,693,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,538,372 |
| Accounts receivable, net | $397,688 |
| 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 | $36,744 |
| Net Land, buildings, and equipment | $311,598 |
| Investments—publicly traded securities | $7,009,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,496,667 |
| Total assets | $15,291,276 |
| Accounts payable and accrued expenses | $270,846 |
| 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 | $152,575 |
| Other liabilities | $2,044,248 |
| Total liabilities | $2,467,669 |
| Net assets without donor restrictions | $7,149,595 |
| Net assets with donor restrictions | $5,674,012 |
| 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 | $15,291,276 |