2026-01-15T07:45:43-06:00 2025-06-30 994625061 CRI ADVISORS LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2024-07-01 844725498 BREAKTHROUGH ATLANTA BREA 4708528902 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 MONIQUE SHIELDS CEO & CFO 4708528902 2026-01-13 1 0 TIFFANY T ORR CPA P01559485 7703948000 2026-01-13 2024 2025-03-06 01:10:19Z MONIQUE SHIELDS 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 1857949 0 X BREAKTRHOUGHATLANTA.ORG X 2020 GA OFFERING A SIX-YEAR COLLEGE PREPARATORY PROGRAM FOR UNDERSERVED STUDENTS, AND A TEACHING FELLOWSHIP FOR UNDERGRADUATE STUDENTS. 20 19 0 100 0 0 1895598 1146489 0 0 281279 162982 -71716 -123720 2105161 1185751 30270 38561 0 0 1269667 1562576 0 0 360236 591854 639689 1891791 2240826 213370 -1055075 5652150 4592619 541173 296421 5110977 4296198 BREAKTHROUGH ATLANTA PURSUES A DUAL MISSION: TO INCREASE ACADEMIC OPPORTUNITY FOR HIGHLY MOTIVATED, UNDERSERVED STUDENTS AND GET THEM INTO COLLEGE READY TO SUCCEED; AND INSPIRE AND DEVELOP THE NEXT GENERATION OF TEACHERS AND EDUCATIONAL LEADERS. 0 0 849475 HIGH SCHOOL READINESS PREPARES MIDDLE SCHOOL STUDENTS FOR THE ACADEMIC RIGOR OF HIGH SCHOOL THROUGH A SIX-WEEK SUMMER LEARNING PROGRAM, AND SATURDAY ENRICHMENT PROGRAMMING IS IMPLEMENTED BY A PROGRAM DIRECTOR, ASSSISTED BY TWO PROGRAM MANAGERS, APPROXIMATELY 70 SEASONAL STAFF AND VOLUNTEERS, AND BUS DRIVERS. 448407 THE TEACHING FELLOWSHIP PROGRAM PROVIDES A PAID SUMMER INTERNSHIP FOR UNDERGRADUATE STUDENTS INTERESTED IN EXPLORING A CAREER IN TEACHING. TEACHING FELLOWS SERVE AS THE INSTRUCTORS FOR MIDDLE SCHOOL STUDENTS DURING BREAKTHROUGH'S SIX-WEEK SUMMER LEARNING PROGRAM. THEY RECEIVE INTENSIVE, ONGOING TRAINING AND MENTORING FROM PROFESSIONAL EDUCATORS THROUGH THEIR FELLOWSHIPS. THIS PROGRAM IS LED BY A PROGRAM DIRECTOR, ASSISTED BY A PROGRAM MANAGER, AND 10 SEASONAL INSTRUCTIONAL COACHES. 356193 38561 COLLEGE PREP PROGRAMMING HELPS HIGH SCHOOL STUDENTS AND THEIR PARENTS PREPARE FOR COLLEGE ADMISSIONS THROUGH EDUCATIONAL WORKSHOPS, COLLEGE TOURS AND FAIRS, COLLEGE ENTRANCE EXAM PREPARATION, PERSONALIZED COLLEGE COUNSELING, APPLICATION ASSISTANCE AND SCHOLARSHIP OPPORTUNITIES. THESE ACTIVITIES ARE IMPLEMENTED BY A PROGRAM DIRECTOR AND MANAGER, ASSISTED BY VENDORS. ACTIVITIES CAN OCCUR VIRTUALLY (E.G. A COUNSELLING SESSION) OR IN PERSON (E.G. COLLEGE TOUR OR FINANCIAL AID WORKSHOP). 1654075 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 GA X X X MONIQUE SHIELDS 4708528902 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 NEYSA DILLON BROWN CHAIR 1.00 X X 0 0 0 KERRY HEYWARD SECRETARY 1.00 X X 0 0 0 SIMONE WALSH TREASURER 1.00 X X 0 0 0 WILLIAM HOLDEN VICE CHAIR 1.00 X X 0 0 0 DAVID W GHEGAN PAST CHAIR 0.50 X 0 0 0 NANCY BRUMLEY ROBITAILLE BOARD MEMBER 0.50 X 0 0 0 BRIAN BOUTTE BOARD MEMBER 0.50 X 0 0 0 MEREDYTH COLE LOVETT HEAD OF SCHOOL 0.50 40.00 X 0 938092 157152 AIMEE CONNOLLY BOARD MEMBER 0.50 X 0 0 0 KATIKA LOVETT BOARD MEMBER 0.50 X 0 0 0 JANIS MIDDLETON BOARD MEMBER 0.50 X 0 0 0 TIFFANY MITSUI BOARD MEMBER 0.50 X 0 0 0 KEVIN O'KEEFE BOARD MEMBER 0.50 X 0 0 0 TAMARA PEARSON BOARD MEMBER 0.50 X 0 0 0 BRITTAIN PRIGGE BOARD MEMBER 0.50 X 0 0 0 GRANT RIVERA BOARD MEMBER 0.50 X 0 0 0 BRENNAN SPRY BOARD MEMBER 0.50 X 0 0 0 CRYSTAL STEPHENS BOARD MEMBER 0.50 X 0 0 0 JONATHAN WATKINS BOARD MEMBER 0.50 X 0 0 0 CRISTEL WILLIAMS BOARD MEMBER 0.50 X 0 0 0 MONIQUE SHIELDS CEO & CFO 40.00 X 0 148899 33466 0 1086991 190618 0 0 1 0 0 377235 281793 487461 47295 1146489 146103 146103 563451 546572 16879 16879 16879 0 377235 125626 -125626 -125626 OTHER REVENUE 900099 1906 1906 1906 1185751 0 0 39262 38561 38561 148899 102279 14704 31916 1138664 867854 102111 168699 60803 41766 6005 13032 113069 77511 11215 24343 101141 69474 9988 21679 100849 69273 9959 21617 29135 29135 157262 108023 15530 33709 26069 17907 2574 5588 11606 7972 1146 2488 17564 12065 1734 3765 6525 4482 644 1399 53572 53572 38374 26359 3790 8225 SUPPLIES-FOOD 87808 80783 7025 MISCELLANEOUS EXPENSE 61624 42330 6086 13208 STUDENT AFFAIRS 28968 19898 2861 6209 RENT 13481 9260 1331 2890 6852 4706 677 1469 2240826 1654075 226515 360236 378566 240835 140115 23709 668969 331130 214213 44081 6496 11084 710230 598005 165797 112225 4077994 3829555 5652150 4592619 173310 187660 16000 960 351863 107801 541173 296421 X 1120802 442521 3990175 3853677 5110977 4296198 5652150 4592619 -1055075 240296 0 X 0 1 X 1 0 X X X 1 THE LOVETT SCHOOL 580619038 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3004365 318102 145967 3176500 2699987 10000 409622 115244 3004365 3140530 320861 761404 2699987 3676194 10550 -428172 117502 3140530 2809147 99479 873010 105442 3676194 0.00000 0.61688 0.38311 0 0 710230 598005 112225 112225 INVESTMENTS 3829555 F 3829555 DUE TO THE LOVETT SCHOOL 107801 107801 X 1658638 240296 136100 376396 1282242 29135 -125626 -96491 1185751 2473417 136100 125626 261726 2211691 29135 29135 2240826 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT ASSETS CONSIST OF APPROXIMATELY SEVEN INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR EDUCATIONAL PURPOSES. THE PERCENT REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). HOWEVER, INCOME UNRELATED TO ITS EXEMPTION FUNCTION, IF ANY, IS SUBJECT TO INCOME TAXATION. MANAGEMENT BELIEVES THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -125,626. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 125,626. X X X X X X X 0 GA FUND-A-SCHOLAR 377235 377235 15117 11782 80049 18678 377235 377235 15117 11782 80049 18678 125626 -125626 MONIQUE SHIELDS 4075 PACES FERRY ROAD NW ATLANTA GA 30327 1 FINANCIAL AID 14 38561 PART I, LINE 2: YES, STUDENTS SUBMIT PROOF OF ENROLLMENT, TRANSCRIPTS AND LETTERS AT THE END OF EACH SEMESTER BEFORE THEIR NEXT SEMESTER'S DISBURSEMENT OF $1,250 IS RELEASED. PAYMENTS ARE ISSUED THROUGH BREAKTHROUGH'S BILL.COM ACCOUNT. X X 0 1 0 0 0 0 0 0 0 MEREDYTH COLE LOVETT HEAD OF SCHOOL 0 560091 0 100000 0 278001 0 75000 0 82152 0 1095244 0 0 MONIQUE SHIELDS CEO & CFO 0 148899 0 0 0 0 0 17413 0 16053 0 182365 0 0 PART I, LINE 3 TWO MEMBERS OF THE RELATED ORGANIZATION'S BOARD ARE EXECUTIVE SEARCH PROFESSIONALS. EACH YEAR, THEY SHARE INDUSTRY RESEARCH-BASED COMPENSATION RECOMMENDATIONS WITH THE BOARD, AND THE EXECUTIVE COMMITTEE OF THE BOARD DISCUSSES AND VOTES TO APPROVE THE CEO'S SALARY. PART I, LINE 4B AS OF JULY 1, 2018, THE SCHOOL ESTABLISHED A NONQUALIFIED 457 (F) DEFERRED COMPENSATION PLAN FOR MEREDYTH M. COLE. THE TERMS OF THE PLAN PROVIDE THAT THE SCHOOL MAY MAKE A DISCRETIONARY CONTRIBUTION TO THE PLAN EACH YEAR. DURING THE FISCAL YEAR ENDING JUNE 30, 2025, THE SCHOOL MADE A CONTRIBUTION OF $75,000 TO THE PLAN. ADDITIONAL CONTRIBUTIONS CAN BE MADE TO THE PLAN IN FUTURE YEARS, WITH VESTING OF THOSE AMOUNTS CONTINGENT UPON HER CONTINUED EMPLOYMENT FOR THE REMAINDER OF HER EMPLOYMET AGREEMENT WHICH RUNS THROUGH JUNE 30, 2025. CASH DISTRIBUTIONS TO MS. COLE FROM THE PLAN ARE TO BE PAID 60 DAYS AFTER THE EARLIEST OF THE FOLLOWING EVENTS: VESTING, DEATH, DISABILITY, OR CERTAIN SEPARATIONS FROM SERVICE. X AUCTION ITEMS 55 47295 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF THE DIRECTORS OF THE ORGANIZATION ARE APPOINTED BY THE LOVETT SCHOOL. FORM 990, PART VI, SECTION A, LINE 8B ALL BOARD MEETINGS ARE DOCUMENTED. TWO FINANCE COMMITTEE MEETINGS WHERE THE AUDIT AND 990 ARE APPROVED TO BE ADVANCED TO THE FULL BOARD ARE DOCUMENTED. OTHER COMMITTEE MEETINGS ARE NOT DOCUMENTED AS OFFICIAL DECISIONS ARE NOT DELEGATED TO SUBCOMMITTEES OTHER THAN THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE, RETURNED FOR CORRECTIONS, AND THEN ADVANCED TO THE FULL BOARD FOR ACCEPTANCE. FROM THERE, THE BOARD VOTES TO APPROVE THE 990 FILING BASED ON THE FINANCE COMMITTEE'S RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 12C IF A BOARD MEMBER INDICATES A CONFLICT OF INTEREST, THE OFFICERS ARE MADE AWARE AND DISCUSS POTENTIAL DECISIONS FROM WHICH THE MEMBER SHOULD RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15A THERE ARE TWO EXECUTIVE SEARCH SEARCH PROFESSIONALS ON THE BOARD OF DIRECTORS WHO CONDUCT MARKET RESEARCH TO DETERMINE THE MARKET RATE FOR NONPROFIT CEO COMPENSATION. ONCE THE BOARD EVALUATES THE CEO'S PERFORMANCE, THE BOARD DETERMINES A SALARY INCREASE THAT IS EITHER MERITED, BASED ON THE COST OF LIVING OR MARKET. PROGRAM AND FUNDRAISING DIRECTOR SALARIES ARE DETERMINED THROUGH WAGE STUDY AND PERFORMANCE EVALUATIONS. THE CEO BUDGETS WAGE INCREASES AND AWARDS THEM AS THE ORGANIZATION HAS THE ABILITY TO AFFORD THEM. YES, THE ORGANIZATION HAS A DOCUMENTED COMPENSATION PHILOSOPHY AND CONDUCTS PERIODIC WAGE STUDIES. FORM 990, PART VI, SECTION C, LINE 18 AUDITED FINANCIAL STATEMENTS AND 990S ARE AVAILABLE ON BREAKTHROUGH'S WEBSITE, AND ARE AVAILABLE TO DONORS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE LOVETT SCHOOL 4075 PACES FERRY ROAD NW ATLANTA GA 30327 580619038 EDUCATION INSTITUTION GA 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE LOVETT SCHOOL N 129600 FMV THE LOVETT SCHOOL O 1277609 FMV THE LOVETT SCHOOL P 244062 CASH