2025-04-28T17:29:12-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 043351427 THE BOTTOM LINE INC BOTT 8574154810 500 AMORY STREET STE 3 JAMAICA PLAIN MA 02130 SHANNON DONNELLY COFO 8574154810 2025-04-24 1 1 AMY CHAPMAN P00843460 4078021200 2025-04-24 2023 2025-03-06 01:10:19Z STEVEN COLON 500 AMORY STREET STE 3 JAMAICA PLAIN MA 02130 55030956 0 X HTTPS://WWW.BOTTOMLINE.ORG X 1997 MA BOTTOM LINE PARTNERS WITH DEGREE-ASPIRING STUDENTS FROM FIRST GENERATION AND LOW-INCOME BACKGROUNDS AS THEY GET INTO COLLEGE, GRADUATE, AND GO FAR IN LIFE. BOTTOM LINE'S VISION IS TO DRAMATICALLY TRANSFORM URBAN COMMUNITIES BY PRODUCING THOUSANDS OF NEW CAREER-READY COLLEGE GRADUATES. 21 21 249 250 0 0 35372392 21063743 555950 1105100 621527 1180425 -5592 22054 36544277 23371322 1349528 2015803 0 0 12695806 16090619 0 0 3914957 5190041 6365837 19235375 24472259 17308902 -1100937 39708126 37282019 3104662 3620523 36603464 33661496 X BOTTOM LINE WAS FOUNDED IN 1997 TO HELP FIRST GENERATION STUDENTS FROM LOW INCOME BACKGROUNDS GET INTO COLLEGE, GRADUATE FROM COLLEGE, AND GO FAR IN LIFE. WE ACCOMPLISH THIS MISSION BY PROVIDING ONE-ON-ONE COMPREHENSIVE SUPPORT DURING THE COLLEGE (CONTINUED ON SCH O) APPLICATION PROCESS AND FOR UP TO SIX YEARS IN COLLEGE. 0 0 17039945 2015803 1105100 IN FISCAL YEAR 2024, BOTTOM LINE SERVERD MORE THAN 750 HIGH SCHOOL STUDENTS THROUGH THE ORGANIZATION'S HIGHSCHOOL ACCESS PROGRAM, OF WHICH 91% MADE A COMMITMENT TO COLLEGE BY THE END OF THEIR SENIOR YEARS. THE ORGANIZATION SUPPORTED APPROXIMATELY 4500 STUDENTS IN THE COLLEGE SUCCESS PROGRAM, ACROSS MORE THAN 40 CAMPUSES NATIONWIDE, CELEBRATING 813 GRADUATES! BOTTOMLINE SUPPORTED MORE THAN 1300 STUDENTS IN THE CURRENT YEAR OF THE BLUPRINT PROGRAM, CONNECTING DEGREE-ASPIRING STUDENTS ALL OVER THE COUNTRY WITH A VIRTUAL ADVISOR. 17039945 1 1 0 1 0 0 0 0 0 0 1 0 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 1 0 0 0 0 0 0 0 0 1 116 0 1 249 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL MA NY X X SHANNON DONNELLY 8572721980 500 AMORY STREET STE 3 JAMAICA PLAIN MA 02130 STEVEN COLON CEO 40.00 X X 345806 0 35244 AUDITI CHAKRAVARTY CHAIR 1.00 X X 0 0 0 ROBERT BALLARD VICE CHAIR 1.00 X X 0 0 0 BARBARA THOMAS SECRETARY 1.00 X X 0 0 0 JOHN BACHMAN TREASURER 1.00 X X 0 0 0 ALEJANDRO LONGORIA DIRECTOR 1.00 X 0 0 0 ANAND NAIR DIRECTOR 1.00 X 0 0 0 CALVIN CROSSLIN DIRECTOR 1.00 X 0 0 0 DENISE DEAMORE DIRECTOR 1.00 X 0 0 0 GERALDINE WHITE DIRECTOR 1.00 X 0 0 0 HAROLD WILDE DIRECTOR 1.00 X 0 0 0 JIM JESSEE DIRECTOR 1.00 X 0 0 0 KEVIN CONNOLLY DIRECTOR 1.00 X 0 0 0 LARRY BRADLEY DIRECTOR 1.00 X 0 0 0 MARK COX DIRECTOR 1.00 X 0 0 0 MAX CLERMONT DIRECTOR 1.00 X 0 0 0 MIKE REFOJO DIRECTOR 1.00 X 0 0 0 MIKE VOLO DIRECTOR 1.00 X 0 0 0 PETER BOWEN DIRECTOR 1.00 X 0 0 0 RAVI ACHARYA DIRECTOR 1.00 X 0 0 0 STACEY WOLF DIRECTOR 1.00 X 0 0 0 SHANNON DONNELLY COFO 40.00 X 181317 0 26918 SHAUWEA HAMILTON CRO 40.00 X 222008 0 6125 GINETTE SAIMPREVIL EXECUTIVE DIRECTOR - MA 40.00 X 182524 0 14129 SARAH PLACE CPO 40.00 X 180155 0 5142 THOMAS HOBART EXECUTIVE DIRECTOR - CHICAGO 40.00 X 174371 0 31603 VICTORIA COKER EXECUTIVE DIRECTOR - NY 40.00 X 161483 0 4364 VANESSA LANDIVAR CTDO 40.00 X 156854 0 2706 ALISSA SILVERMAN VP OF REGIONAL SUCCESS, CONSULTANT 22 LAUNCH PAD C 40.00 X 235049 0 1601 ANDREA CARTER CEA 40.00 X 140701 0 9231 BLENDA CHIU MANAGING DIRECTOR OF PROGRAM, CHICAGO 40.00 X 126795 0 3537 BRANDI HOLTEN MANAGING DIRECTOR OF PRODUCT 40.00 X 121127 0 10447 MICHELLE BARTON MANAGING DIRECTOR OF PROGRAM 40.00 X 116534 0 27324 2344724 0 178371 13 0 1 0 THE WAKEMAN AGENCY 445 HAMILTON AVE WHITE PLAINS NY 10601 GROWTH STRATEGY FOR ORGANIZATION 257917 CHANTELLE GEORGE CONSULTING 3436 MAGAZINE ST NEW ORLEANS LA 70115 GROWTH STRATEGY FOR ORGANIZATION 197000 TASSANT PARTNERS 17 ADAMS STREET NW WASHINGTON DC 20001 CHIEF OF STAFF SUPPORT 103003 3 1225296 109999 19728448 43467 21063743 PROGRAM SERVICE REVENU 611710 1105100 1105100 1105100 792401 792401 31522998 31134974 388024 388024 388024 540739 1225296 524660 16079 16079 OTHER INCOME 900099 5975 5975 5975 23371322 1105100 0 1202479 2015803 2015803 1794825 947195 472062 375568 11835452 8958280 1184242 1692930 336317 244336 49709 42272 1084740 787941 155204 141595 1039285 729378 168388 141519 162902 162902 97968 97968 33600 33600 3484 3484 2427107 927338 506894 992875 168862 123374 20157 25331 313883 227685 57829 28369 657557 325365 170773 161419 887625 746359 30966 110300 76938 76938 767247 279973 385467 101807 117 117 120050 95144 7016 17890 STUDENT FEE AND EXPENSE 193804 193804 BANK FEES, DUES & OTHER 179346 64254 44179 70913 PROGRAM EVENTS 135267 135267 OTHER PROGRAM EXPENSE 80427 80427 59653 47484 12169 24472259 17039945 3517357 3914957 2233696 2291795 12025173 14092651 8582114 7664513 287436 297476 999355 865592 59218 133763 14614325 10948074 4945 239771 1901219 1613976 39708126 37282019 1162346 2123195 1942316 1497328 3104662 3620523 X 24159371 19565380 12444093 14096116 36603464 33661496 39708126 37282019 X -1100937 83004 -1924035 0 X 0 1 X 1 0 X 12133069 18888429 17833307 35372392 21063743 105290940 12133069 18888429 17833307 35372392 21063743 105290940 3788519 101502421 27944 13195 501692 792401 1335232 456820 546714 1003534 107629706 2871211 0.94310 0.95240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 1,750. 2023 AMOUNT: $ 5,975. FUNDRAISING INCOME - 2022 AMOUNT: $ 455,070. 2023 AMOUNT: $ 540,739. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 33600 33600 0 PART II-B, LINE 1: BOTTOM LINE WORKS WITH A LOBBYIST TO HELP ENGAGE WITH THE COMMONWEALTH OF MA LEGISLATORS IN SUPPORT OF A $110,000 LINE ITEM IN THE STATE BUDGET SUPPORTING COLLEGE AND CAREER READINESS ACTIVITIES. 305772 156722 33292 3479 492307 299544 6228 305772 1.00000 0 0 383507 375331 8176 615848 490261 125587 133763 OPERATING LEASE OBLIGATION 1497328 1497328 X 24420060 83004 996718 -27500 1052222 23367838 3484 3484 23371322 25437993 996718 -27500 969218 24468775 3484 3484 24472259 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE, THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITIONS AND THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THOSE YEARS. TAX YEARS REMAIN OPEN FOR YEARS IN WHICH ANY UNRELATED BUSINESS INCOME TAX RETURN HAS NOT BEEN FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DONATED SERVICES AND USE OF FACILITIES INCLUDED IN FUNDRAISING EXPENSES -27,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONATED SERVICES AND USE OF FACILITIES INCLUDED IN FUNDARAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: DONATED SERVICES AND USE OF FACILITIES INCLUDED IN FUNDRAISING EXPENSES -27,500. MA EVENT 801447 578563 222884 2600 109346 5290 80749 NY EVENT 615077 449804 165273 67400 4350 24527 68996 1 349511 196929 152582 26362 40036 95004 1766035 1225296 540739 2600 203108 49676 24527 244749 524660 16079 1 SCHOLARSHIP 843 2015803 N/A N/A PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF SCHOLARSHIP FUNDS IN THREE WAYS: FOR THE PORTION INTENDED FOR TUITION, PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL, OR REQUIRE A CONFIRMATION RECEIPT PRINTED FROM THE PORTAL THAT A STUDENT USES TO PAY THEIR TUITION BILL. FOR THE PORTION INTENDED TO ASSIST WITH NON-TUITION EXPENSE ITEMS, PAYMENTS ARE MADE ACCORDING TO A PREDETERMINED SCHEDULE OR WHEN THE ELIGIBLE STUDENT SUBMITS A REQUEST FOR PAYMENT AGAINST AN ELIGIBLE EXPENSE (IE, BOOKS, ON-CAMPUS FEES, ETC.) X X X 0 0 0 0 0 0 0 0 0 STEVEN COLON CEO 345806 0 0 0 0 0 9150 0 26094 0 381050 0 0 0 ALISSA SILVERMAN VP OF REGIONAL SUCCESS, CONSULTANT 2 235049 0 0 0 0 0 0 0 1601 0 236650 0 0 0 SHAUWEA HAMILTON CRO 222008 0 0 0 0 0 6125 0 0 0 228133 0 0 0 SHANNON DONNELLY COFO 181317 0 0 0 0 0 5066 0 21852 0 208235 0 0 0 THOMAS HOBART EXECUTIVE DIRECTOR - CHICAGO 174371 0 0 0 0 0 5509 0 26094 0 205974 0 0 0 GINETTE SAIMPREVIL EXECUTIVE DIRECTOR - MA 182524 0 0 0 0 0 5428 0 8701 0 196653 0 0 0 SARAH PLACE CPO 180155 0 0 0 0 0 5142 0 0 0 185297 0 0 0 VICTORIA COKER EXECUTIVE DIRECTOR - NY 161483 0 0 0 0 0 4364 0 0 0 165847 0 0 0 VANESSA LANDIVAR CTDO 156854 0 0 0 0 0 1387 0 1319 0 159560 0 0 0 PART I, LINE 3 BOTTOM LINE'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE COMMITTEE PERFORMS A COMPARABLE SALARY REVIEW, WITHIN INDUSTRY, USING PUBLICLY AVAILABLE DATA FROM FORM 990. THE COMMITTEE MEETS AND REVIEWS THE CEO'S PERFORMANCE AND DETERMINES THE APPROPRIATE SALARY. X AUCTIONS ITEMS 38 43467 COMPARABLE SALES PRI 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS IN PART I COLUMN B THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT COMPLETES AND REVIEWS THE DRAFT OF THE FORM 990 AND SUBMITS IT TO THE BOARD OF DIRECTORS. AFTER THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FINAL DRAFT, THE FORM 990 IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A FORM AT EACH ANNUAL MEETING OF THE BOARD DISCLOSING ANY KNOWN OR POTENTIAL CONFLICTS. THEY ARE ALSO TASKED WITH COMPLETING THIS FORM IF ANY KNOWN OR POTENTIAL CONFLICTS ARISE DURING THE COURSE OF THE ANNUAL MEETING CYCLE. THESE FORMS ARE REVIEWED ANNUALLY BY THE GOVERNANCE & NOMINATING COMMITTEE OF THE BOARD. TO THE EXTENT THAT AN IDENTIFIED CONFLICT OF INTEREST BY A DIRECTOR MAY REASONABLY BE THOUGHT TO HAVE A BEARING ON A MATTER THAT REQUIRES APPROVAL BY THE BORD OF DIRECTORS, THEN THE DIRECTOR WOULD GENERALLY BE ASKED TO RECUSE THEMSELVES FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 BOTTOM LINE'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE COMMITTEE PERFORMS A COMPARABLE SALARY REVIEW, WITHIN INDUSTRY, USING PUBLICLY AVAILABLE DATA FROM FORM 990. THE COMMITTEE MEETS AND REVIEWS THE CEO'S PERFORMANCE AND DETERMINES THE APPROPRIATE SALARY. FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, THE MANAGEMENT HIRES AN INDEPENDENT FIRM TO CONDUCT A COMPREHENSIVE COMPENSATION STUDY, USING MARKET DATA AND INDUSTRY STANDARD BENCHMARKING TECHNIQUES. THE EXECUITVE LEADERSHIP TEAM REIVEWS THIS REPORT. ADJUSTING SALARIES APPROPRIATELY. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. PART XI LINE 8 PRIOR PERIOD ADJUSTMENTS DURING THE YEAR ENDED JUNE 30, 2024, IT WAS DETERMINED THERE WERE SEVERAL ACCOUNTS THAT WERE NOT PROPERLY STATED AS OF JUNE 30, 2023. IN ORDER TO CORRECT THE ERRORS, CASH, CONTRIBUTIONS RECEIVABLE, AND NET ASSETS IN THE STATEMENT OF FINANCIAL POSITION, AND CONTRIBUTIONS AND CHANGES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES WERE ADJUSTED. THE ADJUSTMENT TO CORRECT CASH WAS DUE TO AGED, OUTSTANDING RECONCILING ITEMS. ADDITIONALLY, THE ADJUSTMENTS TO THE OTHER FINANCIAL STATEMENT CAPTIONS WERE RELATED TO A SINGLE GRANT WHICH WAS DETERMINED TO HAVE CERTAIN ANNUAL DONOR-IMPOSED CONDITIONS. ALL OF THE CONDITIONS HAVE BEEN MET, RESULTING IN ANNUAL RECOGNITION OF CONTRIBUTION REVENUE AS THE CASH HAS BEEN TIMELY RECEIVED EACH YEAR.