2016-12-14T12:52:07-06:00 2016-04-30 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2015-05-01 522007028 COLLEGE SUMMIT INC COLL 2023191763 1763 COLUMBIA ROAD NW NO 2ND FL WASHINGTON DC 20009 JOANNE SMITH PRESIDENT AND COO 2023191763 2016-12-14 1 FRANK H SMITH P00639053 2028225000 2016-12-14 2015 2017-02-10 21:41:12Z JOANNE SMITH 1763 COLUMBIA ROAD NW NO 2ND FL WASHINGTON DC 20009 16015277 0 X WWW.COLLEGESUMMIT.ORG X 1996 DC COLLEGE SUMMIT TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER. 20 20 101 676 0 0 14125193 7418461 3376183 2446357 49 2243764 378057 -262794 17879482 11845788 0 0 0 0 6191553 5479129 1673500 1543450 2715322 7070647 5349580 14935700 12372159 2943782 -526371 14103908 11671622 3061612 1155697 11042296 10515925 COLLEGE SUMMIT, INC. (COLLEGE SUMMIT) TRANSFORMS THE LIVES OF LOW-INCOME YOUTH BY CONNECTING THEM TO COLLEGE AND CAREER. IN LOW-INCOME COMMUNITIES ACROSS AMERICA, COLLEGE SUMMIT CREATES A CORPS OF HIGH SCHOOL STUDENTS WHO LEAD THEIR PEERS TO AND THROUGH COLLEGE. 0 0 6872875 2446357 12TH GRADE AND LAUNCH - THIS PROGRAM HELPS HIGH SCHOOLS RAISE THEIR COLLEGE ENROLLMENT RATES BY PROVIDING ALL STUDENTS WITH A COURSE IN POSTSECONDARY PLANNING, TRAINING TEACHERS AND COUNSELORS TO BUILD A COLLEGE-READY CULTURE, ENABLING THE MOST INFLUENTIAL STUDENTS IN THE SCHOOL TO HELP THEIR PEERS APPLY TO COLLEGE, AND HELPING SCHOOL LEADERS TRACK RESULTS. BY EQUIPPING EDUCATORS AND STUDENTS ALIKE, COLLEGE SUMMIT BUILDS THE CAPACITY AND EXCITEMENT TO PROMOTE COLLEGE ENROLLMENT AT ALL LEVELS. 1378557 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. 8251432 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 246 0 1 101 1 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 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 KEITH FROME EDD 2023191763 1763 COLUMBIA ROAD NW 2ND FLOOR WASHINGTON DC 20009 OWEN RYAN CHAIR 1.00 X X 0 0 0 CHUCK HARRIS BOARD MEMBER/TREAS. (AS OF 01/2016) 1.00 X X 0 0 0 BORIS BERSHTEYN BOARD MEMBER 1.00 X 0 0 0 JOHN DEASY BOARD MEMBER 1.00 X 0 0 0 ANTHONY EKMEKJIAN BOARD MEMBER 1.00 X 0 0 0 JANIECE EVANS-PAGE BOARD MEMBER 1.00 X 0 0 0 EMMANUEL FORTUNE 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 JAIME HARRISON BOARD MEMBER 1.00 X 0 0 0 ROCH HILLENBRAND BOARD MEMBER (UNTIL 11/2015) 1.00 X 0 0 0 VANESSA KIRSCH BOARD MEMBER 1.00 X 0 0 0 JULIE MORK BOARD MEMBER 1.00 X 0 0 0 STEVE SACKS BOARD MEMBER (UNTIL 04/2016) 1.00 X 0 0 0 BARRY SALZBERG BOARD MEMBER 1.00 X 0 0 0 ART SAMBERG BOARD MEMBER 1.00 X 0 0 0 LAURA SAMBERG BOARD MEMBER 1.00 X 0 0 0 JOSEPH SANBERG BOARD MEMBER 1.00 X 0 0 0 JB SCHRAMM BOARD MEMBER 1.00 X 0 0 0 IRVIN SCOTT BOARD MEMBER 1.00 X 0 0 0 FANNIE TSENG BOARD MEMBER (UNTIL 05/2015) 1.00 X 0 0 0 RAMSEY WALKER BOARD MEMBER 1.00 X 0 0 0 JOANNE SMITH PRESIDENT & COO 40.00 X 202579 0 14234 SEAN MURRAY CONSULTANT VP STRAT. PARTNER. (AS OF 11/2015) 40.00 X 181138 0 5492 MICHELLE TAFEL CHIEF STRATEGY & ADVANCEMENT OFFICER 40.00 X 153868 0 12271 MITCHELL ANDERSON CFO/TREASURER (UNTIL 11/2015) 40.00 X 142290 0 5189 KEITH FROME EDD CEO/SECRETARY AND CO-FOUNDER 40.00 X 131068 0 4075 ALLEN GOLDBERG CHIEF MARKET. OFFICER(UNTIL 03/2016) 40.00 X 164066 0 16085 ELIZABETH ROGERS CONTROLLER 40.00 X 124354 0 373 LESLIE GILL EXEC. DIR., MIDWEST (UNTIL 01/2016) 40.00 X 120852 0 10531 RUSTIN LEWIS EXEC. DIRECTOR, NCR (UNTIL 10/2015) 40.00 X 117600 0 7635 KATHYRN BARNES DIRECTOR REGIONAL OPERATIONS 40.00 X 114873 0 10687 ONUKA IBE VICE PRESIDENT OF PROGRAM 40.00 X 113504 0 10600 1566192 0 97172 12 0 1 0 ORR ASSOCIATES INC 2801 M STREET NW WASHINGTON DC 20007 FUNDRAISING 1422718 THE BRIDGESPAN GROUP 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 RESEARCH 284955 AMERICAN INSTITUTE FOR RESEARCH 1000 THOMAS JEFFERSON ST NW WASH DC 20007 EVALUATION SERVICES 274203 NONPROFIT HR SOLUTIONS 11400 EYE STREET NW WASHINGTON DC 20005 HUMAN RESOURCES 267042 THE YGS GROUP 3650 WEST MARKET STREET YORK PA 17404 PRINT CURRICULUM 205336 12 796618 915359 5706484 1450 7418461 AGENCY AND SCHOOL FEES 900099 2446357 2446357 2446357 9 9 235291 170090 65201 65201 65201 5888619 3644864 2243755 2243755 2243755 22490 796618 354535 -332045 -332045 OTHER INCOME 900099 4050 4050 4050 11845788 2446357 0 1980970 X 1060008 618350 204228 237430 3642320 2856997 405759 379564 66459 40677 25673 109 360888 214143 119602 27143 349454 204072 114932 30450 137247 77180 37628 22439 62589 33116 18463 11010 1543450 1543450 1465004 1001500 243398 220106 170601 162800 1861 5940 228166 183693 19054 25419 126215 78053 27829 20333 440619 342196 61656 36767 572473 447657 39024 85792 96781 51208 28549 17024 77029 40757 22722 13550 43851 23202 12935 7714 PROGRAM DELIVERY 1283043 1277275 735 5033 BAD DEBT EXPENSE 329620 329419 126 75 PRINTING 226479 225090 1389 LATE FEES AND PENALTIES 43309 16978 9379 16952 46554 27069 11852 7633 12372159 8251432 1405405 2715322 230478 2829245 8376 8385 9475648 8389661 438691 254485 133157 124600 135938 88517 3771399 47421 46159 17825 14103908 11671622 911119 818265 423774 337432 1700000 0 26719 0 3061612 1155697 X -731683 2637056 11773979 7878869 11042296 10515925 14103908 11671622 -526371 0 X 0 1 X 1 1 1 X 9305174 7578164 11336568 14125193 7418461 49763560 9305174 7578164 11336568 14125193 7418461 49763560 10103717 39659843 244796 191694 226576 248496 235300 1146862 70746 213017 283763 51194185 18285920 0.77470 0.75580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2011 AMOUNT: $ 70,746. 2012 AMOUNT: $ 0. 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 213,017. 2015 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135938 88517 47421 47421 X 13916668 1546255 524625 2070880 11845788 0 11845788 14443039 1546255 524625 2070880 12372159 0 12372159 PART X, LINE 2: COLLEGE SUMMIT PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED APRIL 30, 2016 AND 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 170,090. SPECIAL EVENT EXPENSE 354,535. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 170,090. SPECIAL EVENT EXPENSES 354,535. X X X X X X 1 ORR ASSOCIATES INC 2801 M ST NW WASHINGTON DC 20007 FUNDRAISING 0 3823689 1652950 2170739 3823689 1652950 2170739 AL AK AZ CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT AR MD ME WI WA VA VT WV WY FALL 2015 GALA 819108 796618 22490 0 0 0 98751 66954 188830 819108 796618 22490 98751 66954 188830 354535 -332045 X X X 1 0 0 0 0 0 0 1 0 JOANNE SMITH PRESIDENT & COO 184579 0 18000 0 0 0 8182 0 6052 0 216813 0 0 0 SEAN MURRAY CONSULTANT VP STRAT. PARTNER. (AS OF 11/2015) 181138 0 0 0 0 0 1035 0 4457 0 186630 0 0 0 MICHELLE TAFEL CHIEF STRATEGY & ADVANCEMENT OFFICER 140368 0 13500 0 0 0 6246 0 6025 0 166139 0 0 0 ALLEN GOLDBERG CHIEF MARKET. OFFICER(UNTIL 03/2016) 164066 0 0 0 0 0 7140 0 8945 0 180151 0 0 0 PART I, LINE 4A RUSTIN LEWIS, EXECUTIVE DIRECTOR, NCR, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $10,729. PART I, LINE 7 PRESIDENT & COO, JOANNE SMITH AND CHIEF STRATEGY AND ADVANCEMENT OFFICER, MICHELLE TAFEL, RECEIVED A NON-FIXED PAYMENT WHICH WAS BASED ON AN APPRAISAL OF THEIR PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 2 ART SAMBERG AND LAURA SAMBERG ARE BOTH MEMBERS OF THE BOARD OF DIRECTORS AND HAVE A FAMILY RELATIONSHIP. MICHELLE TAFEL, CHIEF STRATEGY AND ADVANCEMENT OFFICER AND ONUKE IBE, VICE PRESIDENT OF PROGRAM, ALSO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL FORM 990 IS REVIEWED BY THE CHIEF OPERATING OFFICER AND THE CONTROLLER. 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. 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/SECRETARY 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 SHALL REVIEW AND APPROVE CEO/SECRETARY COMPENSATION, AFTER A REVIEW OF COMPARABILITY DATA OR OTHER EVIDENCE THAT COMPENSATION IS REASONABLE, AND SHALL 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/SECRETARY) WAS LAST PERFORMED IN THE SPRING OF 2016. FORM 990, PART VI, SECTION C, LINE 19 COLLEGE SUMMIT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FEDERAL FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 417,204. MANAGEMENT AND GENERAL EXPENSES 114,085. FUNDRAISING EXPENSES 57,837. TOTAL EXPENSES 589,126. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 40,263. MANAGEMENT AND GENERAL EXPENSES 22,446. FUNDRAISING EXPENSES 13,385. TOTAL EXPENSES 76,094. EDUCATOR STIPENDS: PROGRAM SERVICE EXPENSES 262,918. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 262,918. INNOVATION SERVICES: PROGRAM SERVICE EXPENSES 281,115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,115. EXECUTIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50,766. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,766. HR CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 56,101. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,101. REGIONAL FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 64,438. TOTAL EXPENSES 64,438. NATIONAL FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 84,446. TOTAL EXPENSES 84,446.