2020-06-11T11:48:07-05:00 2019-07-31 HW&CO 23240 Chagrin Blvd Suite 700 Cleveland OH 441225450 990 2018-08-01 346580096 College Now Greater Cleveland Inc % MARK MAGYAR COLL 2162415587 1500 West 3rd Street Suite 125 Cleveland OH 44113 MARK MAGYAR CFO 2162415587 2020-06-10 true Tracy L Bender CPA P01048121 2168311200 2020-06-02 12.203.198.2 34122420201635000014 2020-06-11 P B63F4647308A7BED1550E23DFA722B91A627C774 0B9CEC56E7D7AED94D6C12A1AC71A259EF49A470 2018 2020-09-23 17:36:50Z LEE FRIEDMAN 1500 West 3rd Street Suite 125 Cleveland OH 44113 14900353 false X www.collegenowgc.org X 1967 OH TO INCREASE POSTSECONDARY EDUCATIONAL ATTAINMENT THROUGH COLLEGE AND CAREER ACCESS ADVISING, FINANCIAL AID COUNSELING AND SCHOLARSHIP AND RETENTION SERVICES. 50 48 291 1150 0 0 11445751 12636742 1026786 1248220 329256 256723 -11513 56168 12790280 14197853 3592946 3763137 0 0 6592442 7477862 0 0 552384 1836569 2226806 12021957 13467805 768323 730048 18719228 19331463 2459794 2482044 16259434 16849419 X COLLEGE NOW'S MISSION IS TO INCREASE POSTSECONDARY EDUCATIONAL ATTAINMENT THROUGH COLLEGE AND CAREER ACCESS ADVISING, FINANCIAL AID COUNSELING AND SCHOLARSHIP AND RETENTION SERVICES. false false 4438998 3763137 263224 FINANCIAL AID: COLLEGE NOW GREATER CLEVELAND PROVIDES DIRECT SCHOLARSHIP ASSISTANCE TO ABOUT 1,700 TRADITIONAL AGE AND ADULT STUDENTS IN THE NORTHEAST OHIO AREA THROUGH TRADITIONAL AND MANAGED SCHOLARSHIP FUNDS IN THE AMOUNT OF $3.8 MILLION. COLLEGE NOW HELPS TO ENSURE SUCCESSFUL TRANSITIONS TO AND THROUGH THE FIRST YEAR OF POSTSECONDARY ENROLLMENT VIA SCHOLARSHIP AND RETENTION SERVICES; AND COLLEGE NOW STRENGTHENS POSTSECONDARY PERSISTENCE AND COMPLETION FOR TRADITIONAL AGE SCHOLARSHIP RECIPIENTS THROUGH AN INNOVATIVE E-MENTORING PROGRAM LEVERAGED BY 1,100 COMMUNITY VOLUNTEERS. COLLEGE NOW'S TRADITIONAL STUDENTS ENROLL IN COLLEGE AT A HIGHER RATE THAN LOW-INCOME STUDENTS ACROSS THE COUNTRY AND NEAR THE AVERAGE RATE FOR STUDENTS FROM ALL INCOMES ACROSS THE COUNTRY. COLLEGE NOW'S TRADITIONAL STUDENT SCHOLARSHIP RECIPIENTS GRADUATE FROM COLLEGE AT A HIGHER RATE THAN THE U.S. AVERAGE FOR ALL STUDENTS AND AT A REMARKABLY HIGHER RATE THAN OTHER U.S. STUDENTS FROM LOW-INCOME BACKGROUNDS. 2547469 984997 ADVISORY SERVICES: COLLEGE NOW PROVIDES COLLEGE AND CAREER ACCESS ADVISING, STUDENT FINANCIAL AID COUNSELING, SCHOLARSHIP AND RETENTION SERVICES TO OVER 30,000 NORTHEAST OHIO STUDENTS AND INDIVIDUALS VIA SINGLE AND GROUP SESSIONS. DURING THE 2018-2019 ACADEMIC YEAR, COLLEGE NOW SERVED STUDENTS IN ABOUT 185 NORTHEAST OHIO VENUES, INCLUDING 85 SECONDARY SCHOOLS. COLLEGE NOW PROVIDES IN-SCHOOL SERVICES GENERALLY DURING THE ACADEMIC YEAR WITH SCHEDULES VARYING PER BUILDING. COLLEGE NOW ALSO PROVIDES SPECIAL AFTERSCHOOL AND SUMMER BRIDGE PROGRAMMING DESIGNED TO UNDERGIRD COLLEGE ACCESS AND SUCCESS OUTCOMES. CORE SERVICES INCLUDE: ACADEMIC ADVISING-GUIDANCE CONCERNING GRADUATION REQUIREMENTS; COURSE REQUIREMENTS FOR SPECIFIC COLLEGE PROGRAMS; AND TIPS ON TIME MANAGEMENT SKILLS NECESSARY FOR POSTSECONDARY SUCCESS. CAREER EXPLORATION-GUIDANCE TO STUDENTS AS THEY EXPLORE THEIR OWN INTERESTS AND VARIOUS CAREER OPPORTUNITIES AND THE TRAINING/EDUCATION THAT IS REQUIRED TO BE SUCCESSFUL IN A PARTICULAR FIELD. ADVISORS ALSO SHARE INFORMATION ON SPECIFIC CAREERS IN DEMAND IN THE REGION. COLLEGE PREPARATION AND APPLICATION-ASSIST STUDENTS WITH RESEARCHING POSTSECONDARY OPTIONS; COMPLETING COLLEGE APPLICATIONS AND REGISTERING FOR THE SAT AND ACT EXAMS; TAKING STUDENTS TO VISIT COLLEGE CAMPUSES; AND ENSURING THAT STUDENTS WHO HAVE BEEN ACCEPTED INTO COLLEGE ENROLL AND REGISTER FOR CLASSES. COLLEGE NOW PROVIDES STUDENTS WITH IN-DEPTH STUDENT FINANCIAL AID ADVISING, ASSISTING STUDENTS IN FILING FINANCIAL AID AND SCHOLARSHIP APPLICATIONS INCLUDING THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) AND ASSISTING WITH SPECIAL CIRCUMSTANCE APPEALS AND REQUESTS FOR VERIFICATION; IDENTIFYING OTHER FINANCIAL AID SOURCES; PROVIDING GUIDANCE ON HOW TO SECURE THE MAXIMUM STUDENT FINANCIAL AID TO HELP STUDENTS PERSIST TO GRADUATION WITH MINIMAL STUDENT LOAN DEBT; INTERPRETING THE STUDENT AID REPORT, FINANCIAL AID AWARD LETTERS; AND DETERMINING FINAL COLLEGE COSTS. 624142 ADULT PROGRAMS AND SERVICES AND THE COLLEGE NOW RESOURCE CENTER: IN COOPERATION WITH ABOUT 40 NEIGHBORHOOD-BASED COMMUNITY PARTNERS AND AT OUR RESOURCE CENTER, COLLEGE NOW OFFERED 5,000 INDIVIDUALIZED SESSIONS AND SMALL GROUP WORKSHOPS TO 4,500 ADULTS. THE RESOURCE CENTER, LOCATED IN DOWNTOWN CLEVELAND, IS FREE AND OPEN TO THE PUBLIC. APPROXIMATELY 3,300 ADULTS ATTENDED LARGE COMMUNITY-BASED PRESENTATIONS WHERE COLLEGE NOW PROVIDED INFORMATION. CORE SERVICES TO ADULTS INCLUDE COLLEGE AND CAREER ACCESS ADVISING, STUDENT FINANCIAL AID COUNSELING, STUDENT LOAN DEBT COUNSELING AND SCHOLARSHIP SERVICES. 4746420 19867 SPECIAL SERVICES 4746420 19867 12357029 true true false false false true false false false true true false false false false false true false false false false false false false true false false false true true false false false true false true false false false false false false false false false false false true 31 0 true 291 true false false false false false true true false false false false false false false false false X 50 48 true false false false false false false true true false false true true true true true true true true false OH X X MARK MAGYAR 2162415587 1500 WEST 3RD STREET SUITE 125 CLEVELAND OH 44113 PATRICK S MULLIN DIRECTOR 1.0 0.0 X 0 0 0 HARRY CARLSON DIRECTOR 1.0 0.0 X 0 0 0 BRIAN BARREN SECRETARY 2.0 0.0 X X 0 0 0 SUZANNE ARAL-BOUTROS DIRECTOR 1.0 0.0 X 0 0 0 ENID ROSENBERG DIRECTOR 1.0 0.0 X 0 0 0 SEAN STACK DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL COGAN DIRECTOR 1.0 0.0 X 0 0 0 RICHARD CAHOON DIRECTOR 1.0 0.0 X 0 0 0 MARGARET A KENNEDY DIRECTOR 1.0 0.0 X 0 0 0 JD SULLIVAN JR DIRECTOR 1.0 0.0 X 0 0 0 SUSAN M TYLER DIRECTOR 1.0 0.0 X 0 0 0 JEFF M WASSERMAN DIRECTOR 1.0 0.0 X 0 0 0 ADAM MYERS DIRECTOR 1.0 0.0 X 0 0 0 ALAN S KOPIT PAST CHAIR 1.0 0.0 X X 0 0 0 INGRID TOLENTINO DIRECTOR 1.0 0.0 X 0 0 0 JIMMY MALONE DIRECTOR 1.0 0.0 X 0 0 0 MEGAN MEHALKO DIRECTOR 1.0 0.0 X 0 0 0 KRISTEN BAIRD ADAMS DIRECTOR 1.0 0.0 X 0 0 0 RITA ANDOLSEN DIRECTOR 1.0 0.0 X 0 0 0 STEPHANIE ANTUNEZ DIRECTOR 1.0 0.0 X 0 0 0 BRENT BUCKLEY DIRECTOR 1.0 0.0 X 0 0 0 DEBORAH VESY DIRECTOR 1.0 0.0 X 0 0 0 DIANE DOWNING DIRECTOR 1.0 0.0 X 0 0 0 LAUREN RICH FINE DIRECTOR 1.0 0.0 X 0 0 0 TIMOTHY COSGROVE DIRECTOR 1.0 0.0 X 0 0 0 RICHARD GROSS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM KOEHLER DIRECTOR 1.0 0.0 X 0 0 0 SANDRA PIANALTO DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL JEANS DIRECTOR 1.0 0.0 X 0 0 0 SALLY STEWART DIRECTOR 1.0 0.0 X 0 0 0 EDDIE TAYLOR DIRECTOR 1.0 0.0 X 0 0 0 JENNIFER ALTSTADT DIRECTOR 1.0 0.0 X 0 0 0 PATRICIA INGLIS DIRECTOR 1.0 0.0 X 0 0 0 JUDITH EMBRESCIA DIRECTOR 1.0 0.0 X 0 0 0 JAMES GEUTHER DIRECTOR 1.0 0.0 X 0 0 0 JOSEPH MORFORD DIRECTOR 1.0 0.0 X 0 0 0 CHERI PHYFER DIRECTOR 1.0 0.0 X 0 0 0 GABE BRUNO TREASURER 2.0 0.0 X X 0 0 0 TRINA EVANS DIRECTOR 1.0 0.0 X 0 0 0 KATINKA DOMOTORFFY DIRECTOR 1.0 0.0 X 0 0 0 WARD DUMM DIRECTOR 1.0 0.0 X 0 0 0 KATHLEEN SZCZESNIAK DIRECTOR 1.0 0.0 X 0 0 0 JOHN SPENCER DIRECTOR 1.0 0.0 X 0 0 0 RUSS MITCHELL DIRECTOR 1.0 0.0 X 0 0 0 JULIE ADLER RASKIND DIRECTOR 1.0 0.0 X 0 0 0 MARK ROSS CHAIRMAN 2.0 0.0 X X 0 0 0 TRACI ROURKE DIRECTOR 1.0 0.0 X 0 0 0 KATIE KENNEDY DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER WILLIAMS DIRECTOR 1.0 0.0 X 0 0 0 GINA ABERCROMBIE-WINSTANLEY DIRECTOR 1.0 0.0 X 0 0 0 LEE FRIEDMAN CHIEF EXECUTIVE OFFICER 40.0 0.0 X 373790 0 24720 ALENKA WINSLETT CHIEF OPERATING OFFICER 40.0 0.0 X 192673 0 18681 MARK MAGYAR CHIEF FINANCIAL OFFICER 40.0 0.0 X 143995 0 13339 KITTIE WARSHAWSKY CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 186253 0 20785 MICHELE SCOTT-TAYLOR CHIEF PROGRAMS OFFICER 40.0 0.0 X 184211 0 21795 1080922 0 99320 5 false true false 0 541114 4189485 7906143 12636742 REIMBURSEMENT BY SCHOOLS 900099 984997 984997 SCHOLARSHIP ADMIN FEE 900099 263223 263223 1248220 190350 190350 0 0 0 0 0 700599 634226 66373 66373 66373 104574 541114 68274 36300 36300 0 0 0 0 0 0 OTHER REVENUE 900099 19868 19868 19868 14197853 1268088 293023 0 3763137 3763137 0 0 1227528 974863 120841 131824 0 5019761 4668911 94724 256126 169214 154809 4833 9572 641710 587122 18314 36274 419649 384933 13106 21610 0 0 0 0 0 7697 7697 358341 302448 21635 34258 226946 52468 167724 6754 107792 85668 11261 10863 171056 158366 8651 4039 0 289004 260422 15638 12944 128843 113012 12003 3828 0 104028 74009 17836 12183 0 0 85464 68668 7676 9120 0 STUDENT ACTIVITIES 613028 612524 504 MISCELLANEOUS EXPENSE 57979 41918 13072 2989 EQUIPMENT RENTAL & MAINTENANCE 37213 34572 2641 BAD DEBT EXPENSE 20236 20236 19179 19179 13467805 12357029 558392 552384 250 250 5850748 5540425 2962169 3147445 820978 1237409 542095 644361 0 0 0 0 0 0 77493 94245 1052442 654604 136246 397838 8078497 8024681 0 0 0 0 0 0 250752 244809 18719228 19331463 190134 314043 2262910 2114676 6750 53325 0 0 0 0 0 0 0 0 0 0 0 0 2459794 2482044 X 1278924 1352940 8603795 9546375 6376715 5950104 16259434 16849419 18719228 19331463 730048 -140063 X false true X true true true X 11257727 10047698 10890764 10939659 12636742 55772590 0 0 11257727 10047698 10890764 10939659 12636742 55772590 0 55772590 233173 225532 272952 250717 190350 1172724 0 14387 8515 25729 12520 19868 81019 57026333 4899927 0.97801 0.97530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71 2075414 1128240 3098902 true true 8245810 203675 178581 261739 63075 8303252 8102079 134901 490722 417712 64180 8245810 7233800 330065 854359 258200 57945 8102079 7206007 206870 129080 253922 54235 7233800 7476604 96821 -82819 241222 43377 7206007 0.31300 0.68700 false false 153679 121678 32001 898763 532926 365837 397838 14126064 -140063 68274 -71789 14197853 14197853 13536079 68274 68274 13467805 13467805 SCHEDULE D, PART V, #4 INTENDED USE OF ENDOWMENT FUNDS THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE A FINANCIAL SUPPLEMENT TO THE CONTRIBUTED INCOME OF COLLEGE NOW GREATER CLEVELAND, INC. (COLLEGE NOW)TO BE USED FOR STUDENT GRANTS AND RELATED PURPOSES IN THE FUTURE, AND TO SERVE AS AN ADDITIONAL SOURCE FROM BOARD DESIGNATED FUNDS FOR OPERATING OR CAPITAL NEEDS AS DETERMINED BY COLLEGE NOW GREATER CLEVELAND'S BOARD OR DIRECTORS. SCHEDULE D, PART XI, #2D OTHER REVENUE SPECIAL EVENTS EXPENSES $68,274 SCHEDULE D, PART XII, #2D OTHER EXPENSES SPECIAL EVENTS EXPENSES $68,274 GOLF OUTING 238630 220981 17649 3104 14555 LUNCHEON 407058 320133 86925 1594 4439 44582 0 645688 541114 104574 1594 7543 59137 68274 36300 true SCHOLARSHIP AWARDS 1919 3763137 PROCEDURES FOR MONITORING USE OF GRANT FUNDS: ALL FUNDS ARE TRACKED AT THE PROGRAM/PROJECT LEVEL IN THE GENERAL LEDGER. THE REPORTS ARE THEN RUN FROM THE SYSTEM TO COMPLETE THE REQUIRED GRANT REPORTS. X true true X X X X false true false false false false false false false LEE FRIEDMAN CHIEF EXECUTIVE OFFICER 313790 0 60000 0 0 0 8938 0 15782 0 398510 0 0 ALENKA WINSLETT CHIEF OPERATING OFFICER 177673 0 15000 0 0 0 9168 0 9513 0 211354 0 0 MARK MAGYAR CHIEF FINANCIAL OFFICER 121995 0 22000 0 0 0 6281 0 7058 0 157334 0 0 KITTIE WARSHAWSKY CHIEF DEVELOPMENT OFFICER 158253 0 28000 0 0 0 8402 0 12383 0 207038 0 0 MICHELE SCOTT-TAYLOR CHIEF PROGRAMS OFFICER 154211 0 30000 0 0 0 6954 0 14841 0 206006 0 0 HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE ORGANIZATION PURCHASES A CLUB MEMBERSHIP FOR THE CEO TO CONDUCT MEETINGS/LUNCHES WITH POTENTIAL DONORS OR OTHER PARTIES. THIS COST IS SUBJECT TO THE SAME PROCUREMENT AND EXPENSE REPORTING PROCEDURES THAT ARE USED THROUGHOUT THE ORGANIZATION. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE ORGANIZATION AND ITS CHIEF EXECUTIVE OFFICER (CEO) ENTERED INTO AN AGREEMENT WHEREAS THE CEO OWNS A SPLIT-DOLLAR LIFE INSURANCE POLICY. IN ACCORDANCE WITH THE AGREEMENT, THE ORGANIZATION MAKES CONTRIBUTIONS TO THIS POLICY THROUGHOUT THE CEO'S EMPLOYMENT WHICH PROVIDES SUPPLEMENTAL LIFE INSURANCE BENEFITS TO THE CEO. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, CONTRIBUTIONS UNDER THIS TYPE OF ARRANGEMENT ARE TREATED AS A LOAN RECEIVABLE AND ARE NOT EXPENSED BY THE ORGANIZATION. THE ORGANIZATION WILL BE REPAID ALL CONTRIBUTIONS MADE TO THE POLICY PLUS ACCRUED INTEREST UPON THE CEO'S DEATH AND THE ORGANIZATION CLASSIFIES THESE CONTRIBUTIONS AS A LONG-TERM ASSET ON THE BALANCE SHEET. THE ORGANIZATION ENTERED INTO A SIMILAR ARRANGEMENT WITH THE CHIEF OPERATING OFFICER ALTHOUGH PARTICIPANT ONLY CONTRIBUTIONS ARE PERMITTED. LEE FRIEDMAN CEO LIFE INSURANCE X 434808 559419 false true true ALENKA WINSLETT COO LIFE INSURANCE X 80000 84942 false true true 644361 EDDIE TAYLOR BOARD TRUSTEE 13145 INSURANCE COMMISSIONS false JEFF M WASSERMAN BOARD TRUSTEE 13145 INSURANCE COMMISSIONS false LOANS TO INTERESTED PERSONS THE ORGANIZATION AND ITS CHIEF EXECUTIVE OFFICER (CEO) ENTERED INTO AN AGREEMENT WHEREAS THE CEO OWNS A SPLIT-DOLLAR LIFE INSURANCE POLICY. IN ACCORDANCE WITH THE AGREEMENT, THE ORGANIZATION MAKES CONTRIBUTIONS TO THIS POLICY THROUGHOUT THE CEO'S EMPLOYMENT WHICH PROVIDES SUPPLEMENTAL LIFE INSURANCE BENEFITS TO THE CEO. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, CONTRIBUTIONS UNDER THIS TYPE OF ARRANGEMENT ARE TREATED AS A LOAN RECEIVABLE AND ARE NOT EXPENSED BY THE ORGANIZATION. THE ORGANIZATION WILL BE REPAID ALL CONTRIBUTIONS MADE TO THE POLICY PLUS ACCRUED INTEREST UPON THE CEO'S DEATH AND THE ORGANIZATION CLASSIFIES THESE CONTRIBUTIONS AS A LONG-TERM ASSET ON THE BALANCE SHEET. THE ORGANIZATION ENTERED INTO A SIMILAR ARRANGEMENT WITH THE CHIEF OPERATING OFFICER ALTHOUGH PARTICIPANT ONLY CONTRIBUTIONS ARE PERMITTED. PAGE 6, PART VI, SECTION B, #11B FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED IN-DEPTH BY THE ORGANIZATION'S FINANCE COMMITTEE. THIS COMMITTEE IS COMPOSED OF PREDOMINANTLY FINANCIAL PROFESSIONALS FAMILIAR WITH THE REQUIREMENTS OF FORM 990. AFTER THE FINANCE COMMITTEE'S REVIEW, THE FORM 990 IS PROVIDED TO THE FULL BOARD. PAGE 6, PART VI, SECTION B, #12C MONITOR AND ENFORCE CONFLICT OF INTEREST POLICY THE ORGANIZATION REQUIRES ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM BY DIRECTORS, OFFICERS, AND KEY EMPLOYEES. PAGE 6, PART VI, SECTION B, #15A AND B PROCESS FOR DETERMINING COMPENSATION ALL POSITIONS ARE EVALUATED BY THE HUMAN RESOURCES DEPARTMENT BY COMPARISON WITH AVAILABLE DATA FOR SIMILAR POSITIONS IN THE INDUSTRY AND GEOGRAPHIC AREA. THIS PROCESS IS DOCUMENTED AT THE TIME THE DECISION IS MADE. A COMPENSATION COMMITTEE COMPRISED OF THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION OF THE EXECUTIVE TEAM ON AN ANNUAL BASIS. PAGE 6, PART VI, SECTION C, #19 DOCUMENTS AVAILABLE TO PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. COLLEGE NOW GREATER CLEVELAND'S FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THEIR WEBSITE. PAGE 6, PART VI, SECTION A, #2 FAMILY OR BUSINESS RELATIONSHIP EDDIE TAYLOR AND JEFFERY WASSERMAN HAVE A BUSINESS RELATIONSHIP.