2021-01-14T13:29:14-06:00 2020-04-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-05-01 522007028 COLLEGE SUMMIT INC COLL 2023191763 1140 3RD STREET NE NO 320 WASHINGTON DC 20002 GARY LINNEN CEO 2023191763 2021-01-14 1 AARON M FOX P01365820 2022274000 2021-01-14 2019 2022-09-23 18:48:47Z PEERFORWARD GARY LINNEN 1140 3RD STREET NE NO 320 WASHINGTON DC 20002 3192377 0 X WWW.PEERFORWARD.ORG X 1996 DC PEERFORWARD TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER. 14 14 37 184 0 0 3242809 2174471 1054781 1017906 0 0 -323135 0 3974455 3192377 0 0 0 0 2883320 3184301 0 0 107394 1953106 2528195 4836426 5712496 -861971 -2520119 4386837 2298360 1536350 1967992 2850487 330368 X COLLEGE SUMMIT, INC. D/B/A PEERFORWARD (PEERFORWARD)'S MISSION IS TO UNLEASH THE POWER OF POSITIVE PEER INFLUENCE TO TRANSFORM THE LIVES OF YOUTH LIVING IN LOW-INCOME COMMUNITIES BY CONNECTING THEM TO COLLEGE AND CAREERS.IN LOW-INCOME COMMUNITIES ACROSS AMERICA, PEERFORWARD CREATES A CORPS OF HIGH SCHOOL STUDENTS WHO LEAD THEIR PEERS TO AND THROUGH COLLEGE. 0 0 4052902 1017906 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. 1025866 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. 5078768 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 89 0 1 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AZ CA CO CT FL GA IL IN KS KY MA MD ME MI MO MS NC PA OH NY NJ NH ND OK RI SC TN UT WA WI WV X WES TOMER 2023191763 1140 3RD STREET NE NO 320 WASHINGTON DC 20002 KEITH FROME EDD CEO/SEC./CO-FOUNDER - UNTIL 01/2020 40.00 X X 265576 0 11039 JOANNE SMITH PRESIDENT AND COO 40.00 X 233434 0 17620 SEAN MURRAY VICE PRESIDENT STRATEGIC PARTNER 40.00 X 171767 0 20731 REAGAN WALKER MANAGING DIRECTOR, MARKETING 40.00 X 137193 0 15788 BESS AMERMAN MANAGING DIRECTOR, FINANCE/OPERATIONS 40.00 X 141752 0 5556 KATHRYN BARNES DIRECTOR, STRATEGIC PARTNERSHIP OPS. 40.00 X 124923 0 14205 GARY LINNEN CEO - AS OF 02/2020 40.00 X 119121 0 10786 RAQUEL FIGUEROA MANAGING DIR., PROGRAM/INNOVATION 40.00 X 105610 0 13417 NICHOLAS M FLORIO CHAIR 1.00 X X 0 0 0 RAMSEY WALKER TREASURER 1.00 X X 0 0 0 RENEE TRIBBET SECRETARY 1.00 X X 0 0 0 BORIS BERSHTEYN BOARD MEMBER 1.00 X 0 0 0 BILLY BUTCHER BOARD MEMBER 1.00 X 0 0 0 ANTHONY EKMEKJIAN BOARD MEMBER 1.00 X 0 0 0 DEAN FURBUSH BOARD MEMBER 1.00 X 0 0 0 ALAN GHELBERG BOARD MEMBER 1.00 X 0 0 0 JOSHUA GREENWALD BOARD MEMBER 1.00 X 0 0 0 TIMOTHY HOEFFNER BOARD MEMBER 1.00 X 0 0 0 AADON PENNY BOARD MEMBER 1.00 X 0 0 0 DIONNE ROGERS BOARD MEMBER 1.00 X 0 0 0 OWEN RYAN BOARD MEMBER 1.00 X 0 0 0 JB SCHRAMM BOARD MEMBER 1.00 X 0 0 0 IRVIN SCOTT BOARD MEMBER - UNTIL 07/2019 1.00 X 0 0 0 1299376 0 109142 8 0 1 0 THE BRIDGESPAN GROUP 2 COPLEY PLACE 7TH FLOOR SUITE 37 BOSTON MA 02116 CONSULTING SERVICES 180000 NONPROFIT HR SOLUTIONS LLC 1441 L ST NW 12TH FLOOR WASHINGTON DC 20005 HR SERVICES 104921 2 19931 2154540 3004 2174471 AGENCY AND SCHOOL FEES 900099 1017906 1017906 1017906 3192377 1017906 0 0 943280 857687 85593 1450643 1390145 7773 52725 49804 47732 199 1873 526819 493286 20695 12838 213755 200681 8221 4853 48240 34348 13172 720 47777 34017 13046 714 544322 485800 55487 3035 15930 15930 236580 209378 22675 4527 69944 54651 14500 793 347286 251617 90707 4962 548369 531780 4608 11981 23513 20150 3188 175 22678 16119 6219 340 81051 57609 22226 1216 25014 18567 4223 2224 PROGRAM DELIVERY 315353 303395 11494 464 BAD DEBT EXPENSE 133614 133614 DUES/SUBCRIPTIONS 26635 19771 4496 2368 AWARDS & HONORARIA 19600 19015 555 30 22289 17090 3643 1556 5712496 5078768 526334 107394 1984343 1078900 1677614 616014 28180 19500 59904 16311 811781 298372 583095 513409 53701 54226 4386837 2298360 219361 261333 108380 101724 500000 500000 0 435400 708609 669535 1536350 1967992 X 994623 66152 1855864 264216 2850487 330368 4386837 2298360 -2520119 0 X 0 1 X 1 0 X 7418461 3294477 2108253 3242809 2174471 18238471 7418461 3294477 2108253 3242809 2174471 18238471 4537021 13701450 235300 11 1054 236365 4050 4050 18478886 6990087 0.74150 0.70450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 4,050. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 502714 104410 398304 217628 164571 53057 91439 29391 62048 513409 DEFERRED RENT AND LEASE INCENTIVE 669535 669535 X 3218766 26389 26389 3192377 0 3192377 5738885 26389 26389 5712496 0 5712496 PART X, LINE 2: PEERFORWARD EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED APRIL 30, 2020 AND 2019, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X X 0 0 0 0 0 0 0 0 0 KEITH FROME EDD CEO/SEC./CO-FOUNDER - UNTIL 01/2020 265576 0 0 0 0 0 10549 0 490 0 276615 0 0 0 JOANNE SMITH PRESIDENT AND COO 233434 0 0 0 0 0 8614 0 9006 0 251054 0 0 0 SEAN MURRAY VICE PRESIDENT STRATEGIC PARTNER 171767 0 0 0 0 0 6878 0 13853 0 192498 0 0 0 REAGAN WALKER MANAGING DIRECTOR, MARKETING 137193 0 0 0 0 0 5084 0 10704 0 152981 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 COLLEGE SUMMIT, INC. AMENDED THEIR BYLAWS TO REFLECT THEIR NEW BUSINESS NAME, PEERFORWARD. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND FINANCE SUPPORT. THE DRAFT FEDERAL FORM 990 IS THEN PRESENTED TO THE FINANCE COMMITTEE AND FINALLY TO THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CURRENTLY THERE ARE TWO CONFLICT OF INTEREST POLICIES IN PLACE. ONE IS FOR EMPLOYEES AND ONE FOR BOARD MEMBERS. THE FOLLOWING PROCESS IS FOR EMPLOYEES: - ALL NEW HIRES RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND SIGN RECEIPT OF READING AND UNDERSTANDING THE POLICY. - EMPLOYEES ARE NOTIFIED OF THE WHISTLE BLOWING POLICY THAT ENSURES PROTECTION FROM RETALIATION OF EMPLOYEE'S REPORTING CONFLICT OF INTEREST VIOLATIONS OR OTHER INFRACTIONS. - ALL EMPLOYEES ARE PROVIDED WITH COPIES OF ALL POLICIES IN THE EMPLOYEE HANDBOOK AS WELL. THE FOLLOWING PROCESS IS FOR BOARD MEMBERS: - BOARD MEMBERS ARE GIVEN THE CONFLICT OF INTEREST POLICY WHEN THEY JOIN THE BOARD OF DIRECTORS. THE SECRETARY (AND/OR VP, HUMAN RESOURCES) TO THE BOARD OF DIRECTORS PROVIDES AN OVERVIEW OF THE POLICY. - ANNUALLY BOARD MEMBERS SIGN A CERTIFICATE OF ACKNOWLEDGMENT OF HAVING RECEIVED A COPY, AND READ THE POLICY. THE CERTIFICATE OF ACKNOWLEDGEMENT IS THEN REVIEWED BY THE GENERAL COUNSEL. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE CORRECTIVE OR DISCIPLINARY ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS AUTHORIZED TO MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS REGARDING EXECUTIVE COMPENSATION. THE EXECUTIVE COMMITTEE'S PROCESS IN SETTING COMPENSATION SHALL INCLUDE ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AS PROVIDED FOR IN THE BYLAWS; (2) USE OF COMPARABLE COMPENSATION DATA; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. REVIEW AND APPROVAL - THE COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. USE OF COMPARABLE COMPENSATION DATA - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE EXECUTIVE COMMITTEE SHALL MAKE THIS DETERMINATION AT LEAST ONCE ANNUALLY. FINAL BOARD ACTION - ONLY THOSE DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST MAY VOTE ON EXECUTIVE COMPENSATION. THE BOARD OF DIRECTORS REVIEW AND APPROVE CEO COMPENSATION, AFTER A REVIEW OF COMPARABILITY DATA OR OTHER EVIDENCE THAT COMPENSATION IS REASONABLE, AND CONTEMPORANEOUSLY SUBSTANTIATE ITS DELIBERATION AND DECISION IN THE MINUTES. IN REGARDS TO THE NON-CEO SALARY, EACH YEAR THE BOARD OF DIRECTORS REVIEWS AND APPROVES A FISCAL YEAR BUDGET, ONE ELEMENT OF WHICH INCLUDES ANY PROPOSED SALARY ADJUSTMENTS AND THE BASES THEREFORE. A FULL COMPENSATION ANALYSIS/STUDY FOR THE ENTIRE ORGANIZATION (INCLUDING THE CEO) WAS LAST PERFORMED IN THE SPRING OF 2016. FORM 990, PART VI, SECTION C, LINE 19 PEERFORWARD MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FEDERAL FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.