2025-05-14T16:29:01-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-07-01 521598921 COLLEGEBOUND FOUNDATION COLL 4107832905 2507 N HOWARD STREET 200 BALTIMORE MD 21218 CATHERINE MOTZ EXECUTIVE DIRECTOR 4107832905 2025-05-14 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-05-14 2023 2025-03-06 01:10:19Z X CATHERINE MOTZ 2507 N HOWARD STREET 200 BALTIMORE MD 21218 22342666 0 X WWW.COLLEGEBOUNDFOUNDATION.ORG X 1988 MD TO PROVIDE COUNSELING AND FINANCIAL RESOURCES TO BALTIMORE CITY PUBLIC SCHOOL STUDENTS. 31 31 66 143 0 0 7229310 18415535 0 1203820 1424155 2109188 -27616 -11291 8625849 21717252 1664294 1902294 0 0 3292363 3856841 0 0 539060 1064196 1511076 6020853 7270211 2604996 14447041 40172443 57139518 942941 1065809 39229502 56073709 X COLLEGEBOUND EMPOWERS BALTIMORE CITY SCHOOLS' STUDENTS TO SUCCESSFULLY PURSUE AND COMPLETE A COLLEGE DEGREE OR OTHER POST-SECONDARY OPTIONS. AS A TRUSTED ADVOCATE FOR CITY-WIDE COLLEGE ACCESS, RETENTION, AND GRADUATION, WE PROVIDE ADVISING, FINANCIAL GUIDANCE, SCHOLARSHIPS AND OTHER RESOURCES. 0 0 4058633 0 1203820 TO ENCOURAGE AND ENABLE BALTIMORE CITY PUBLIC SCHOOL STUDENTS TO PURSUE A POSTSECONDARY EDUCATION BY PROVIDING COUNSELING THROUGH ITS COLLEGE ADVISING PROGRAM AND FINANCIAL RESOURCES. 1902294 1902294 0 TO ENCOURAGE AND ENABLE BALTIMORE CITY PUBLIC SCHOOL STUDENTS TO PURSUE A POSTSECONDARY EDUCATION BY PROVIDING SCHOLARSHIPS AND LAST DOLLAR GRANT AWARDS TO STUDENTS. 5960927 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 66 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X CATHERINE MOTZ 2024945469 2507 N HOWARD STREET SUITE 200 BALTIMORE MD 21218 ALICIA WILSON CHAIR 1.00 X X 0 0 0 ROBERT C EMBRY JR TREASURER 1.00 X X 0 0 0 CAROL D RECKLING SECRETARY 1.00 X X 0 0 0 GREG BROWN DIRECTOR 1.00 X 0 0 0 DAVID GIBBONS DIRECTOR 1.00 X 0 0 0 RICHARD GREENWOOD DIRECTOR 1.00 X 0 0 0 MARK GINSBERG DIRECTOR 1.00 X 0 0 0 ATERIA GRIFFON DIRECTOR 1.00 X 0 0 0 MICHAEL E HAYNIE DIRECTOR 1.00 X 0 0 0 BRETT INGERMAN DIRECTOR 1.00 X 0 0 0 JULIA JASKEN DIRECTOR 1.00 X 0 0 0 ADRIAN S JOHNSON DIRECTOR 1.00 X 0 0 0 J DREXEL KNIGHT DIRECTOR 1.00 X 0 0 0 EDWIN LUGO II DIRECTOR 1.00 X 0 0 0 JOHN MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 THE HONORABLE WES MOORE DIRECTOR 1.00 X 0 0 0 PETER H NACHTWEY DIRECTOR 1.00 X 0 0 0 ASMA NAEEM DIRECTOR (AS OF 3/24) 1.00 X 0 0 0 JOSHUA PERRY DIRECTOR 1.00 X 0 0 0 THOMASINA POIROT DIRECTOR 1.00 X 0 0 0 DAVID A QUARANTA DIRECTOR 1.00 X 0 0 0 GEORGE ROCHE DIRECTOR 1.00 X 0 0 0 THE HONORABLE JULIE R RUBIN DIRECTOR 1.00 X 0 0 0 DR SONJA B SANTELISES DIRECTOR 1.00 X 0 0 0 CHARLES SCHEELER DIRECTOR 1.00 X 0 0 0 BALTIMORE MAYOR BRANDON SCOTT DIRECTOR 1.00 X 0 0 0 D SCOTT WARMAN DIRECTOR 1.00 X 0 0 0 CHARLES WASHINGTON DIRECTOR 1.00 X 0 0 0 DAVID WILSON DIRECTOR 1.00 X 0 0 0 SAMUEL T WOODSIDE DIRECTOR 1.00 X 0 0 0 DR CAREY WRIGHT DIRECTOR 1.00 X 0 0 0 MOHAMMED CHOUDHURY DIRECTOR (UNTIL 10/23) 1.00 X 0 0 0 JEANNE HITCHCOCK DIRECTOR (UNTIL 12/23) 1.00 X 0 0 0 DR MELANIE PERREAULT DIRECTOR (UNTIL 11/23) 1.00 X 0 0 0 CATHERINE MOTZ EXECUTIVE DIRECTOR 40.00 X 193597 0 20935 JENNIFER COVAHEY DIRECTOR OF COLLEGE SUCCESS 40.00 X 109408 0 11537 SHANETTE QUATTLEBAUM DIRECTOR OF ACCOUTING AND HUMAN RESOURCES 40.00 X 109589 0 28994 MARQUISE O'NEAL PROGRAM DIRECTOR OF HIGH SCHOOLS 40.00 X 94615 0 9701 507209 0 71167 3 0 1 0 0 103693 2415016 15896826 18415535 COLLEGE ACCESS PROGRAM SPECIALIST 611710 1203820 1203820 1203820 1288667 1288667 1368796 548275 820521 820521 820521 65848 103693 77139 -11291 -11291 21717252 1203820 0 2097897 1902294 1902294 445843 267506 44584 133753 2703915 2136001 305486 262428 101928 80567 11519 9842 379752 296484 42665 40603 225403 172281 25071 28051 3 3 62540 62540 157224 157224 83264 83264 161567 135189 16487 9891 42152 26824 9580 5748 92989 59175 21134 12680 94033 59839 21371 12823 43793 27868 9953 5972 101477 64576 23063 13838 OTHER PROGRAM COSTS 488799 488799 DUES AND PUBLICATIONS 31132 26049 3177 1906 152103 134211 16367 1525 7270211 5960927 770224 539060 140881 383916 953505 580963 2481041 14692066 512923 938532 163020 87830 296119 258737 79511 37382 32458926 36776060 3116167 3491462 266469 151307 40172443 57139518 313837 486867 133369 169541 495735 409401 942941 1065809 X 28609964 30198163 10619538 25875546 39229502 56073709 40172443 57139518 14447041 2397166 0 X 0 1 X 1 0 X 2670508 3442220 6596985 7229310 18415535 38354558 2670508 3442220 6596985 7229310 18415535 38354558 15201467 23153091 855784 1334180 1280248 924663 1288667 5683542 1250 1250 44039350 1269668 0.52570 0.70020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 1,250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25378559 12545 3363809 1265787 27489126 23847731 2230828 700000 25378559 27343996 -3496265 23847731 21896443 6568195 1120642 27343996 22541349 396896 1041802 21896443 1.00000 0.00000 0.00000 0 0 22183 20161 2022 273936 238576 35360 37382 HEDGE FUND 2662015 F REAL ESTATE INVESTMENT TRUST 829447 F 3491462 DEFERRED COMPENSATION PLAN LIABILITY 256869 OPERATION LEASE LIABILITY 152532 409401 X 24034333 2397166 2397166 21637167 157224 -77139 80085 21717252 7190126 0 7190126 157224 -77139 80085 7270211 PART V, LINE 4: THE BOARD DESIGNATED ENDOWMENT FUNDS CONSIST OF UNRESTRICTED FUNDS DESIGNATED FOR LONG-TERM INVESTMENT BY THE BOARD OF DIRECTORS. THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF THE INVESTMENT PORTFOLIO'S ROLLING AVERAGE FAIR VALUE FOR THE PRECEDING FIVE FISCAL YEARS. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -77,139. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -77,139. LUNCHEON 169541 103693 65848 33000 32848 725 10566 169541 103693 65848 33000 32848 725 10566 77139 -11291 1 STUDENT GRANTS 624 1902294 N/A N/A PART I, LINE 2: FUNDS ARE SENT DIRECTLY TO THE INSTITUTION WHERE THE SELECTED STUDENT IS ENROLLED. STUDENTS NEVER RECEIVE A CHECK MAILED TO THEM AND CANNOT MISAPPROPRIATE THE FUNDS FOR ANYTHING OTHER THAN COST OF ATTENDANCE. STUDENTS ARE REQUIRED TO SUBMIT FINANCIAL AID AWARD LETTERS TO MAKE SURE THERE IS STILL A NEED TO RECEIVE THE FUNDS. IF THERE IS NOT A NEED THE FUNDS MAY BE HELD FOR WINTER OR SUMMER COURSES. ALL FUNDS MUST BE SPENT IN ONE YEAR AND DO NOT CARRYOVER. X 0 0 0 0 0 0 0 0 0 CATHERINE MOTZ EXECUTIVE DIRECTOR 193597 0 0 0 0 0 7744 0 13191 0 214532 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A SECTION I. EXECUTIVE COMMITTEE. AT THE START OF THE TERM OF A BOARD CHAIR, THE CHAIR SHALL SELECT FROM THE BOARD MEMBERS AN EXECUTIVE COMMITTEE, WHICH SHALL INCLUDE THE CHAIR- ELECT AND MAY INCLUDE AT LEAST AS MANY BOARD MEMBERS AS THE NUMBER OF BOARD COMMITTEES, IN ADDITION TO THE BOARD CHAIR AND CHAIR-ELECT, AS WELL AS ANY ADDITIONAL MEMBERS THE CHAIR SELECTS. THE BOARD CHAIR SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED TO ACT IN THE NAME AND PLACE OF THE BOARD IN THE MANAGEMENT OF THE FOUNDATION'S PROGRAMS AND ACTIVITIES BETWEEN BOARD MEETINGS. A QUORUM OF THE EXECUTIVE COMMITTEE SHALL BE PRESENT AT ANY MEETING OF THE EXECUTIVE COMMITTEE IN ORDER TO CONDUCT BUSINESS, INCLUDING WITHOUT LIMITATION TO VOTE ON ANY MATTER. THE CHAIR SHALL REPORT TO THE FULL BOARD ON ANY AND ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE AT THE NEXT REGULARLY SCHEDULED BOARD MEETING OR AT A SPECIAL MEETING OF THE BOARD IF THE CHAIR DEEMS AN EARLIER REPORT TO BE APPROPRIATE. THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND THE FOUNDATION'S ARTICLES OF INCORPORATION, THESE BYLAWS, OR TO ELECT OR REMOVE A BOARD MEMBER OR AN OFFICER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF ACCOUNTING AND EXECUTIVE DIRECTOR BOTH REVIEW AND APPROVE THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY INCLUDED IN THEIR BYLAWS. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED ON AN ANNUAL BASIS. OVERSIGHT AND ENFORCEMENT OF THE POLICY ARE UNDERTAKEN BY THE ORGANIZATION'S EXECUTIVE DIRECTOR AND OPERATIONS MANAGER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR AND CHAIR OF THE AUDIT AND COMPENSATION COMMITTEE APPROVE THE EXECUTIVE DIRECTOR'S SALARY CHANGE BASED ON COST OF LIVING RATES AND SALARY AND BENEFITS SURVEYS PROVIDED BY MARYLAND NONPROFITS. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS IN JANUARY FOR HEADQUARTERS' EMPLOYEES AND IN JUNE FOR OTHER EMPLOYEES. THE EXECUTIVE DIRECTOR APPROVES ALL SALARY CHANGES TO HER TEAM BASED ON COST OF LIVING RATES AND SALARY AND OF THE AUDIT AND COMPENSATION COMMITTEE APPROVE THE EXECUTIVE DIRECTOR'S PROVIDED BY MARYLAND NONPROFITS. THE PROCESS DESCRIBED HERE WAS LAST PERFORMED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FNANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.