2024-05-09T12:15:59-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 521598921 COLLEGEBOUND FOUNDATION COLL 4107832905 2601 N HOWARD STREET 210 BALTIMORE MD 212184666 CATHERINE MOTZ EXECUTIVE DIRECTOR 4107832905 2024-05-07 1 CATHERINE MOTZ 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-05-06 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE MOTZ 2601 N HOWARD STREET 210 BALTIMORE MD 212184666 9158561 0 X WWW.COLLEGEBOUNDFOUNDATION.ORG X 1988 MD TO PROVIDE COUNSELING AND FINANCIAL RESOURCES TO BALTIMORE CITY PUBLIC SCHOOL STUDENTS. 32 32 61 185 0 0 6596985 7229310 0 0 1988438 1424155 0 -27616 8585423 8625849 1398316 1664294 0 0 2627890 3292363 163452 0 381662 603847 1064196 4793505 6020853 3791918 2604996 36170637 40172443 841112 942941 35329525 39229502 X OUR MISSION IS TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND CARING, NURTURING CHILD CARE IN A WAY THAT VALUES AND RESPECTS EACH CHILD'S INDIVIDUALITY, AND FACILITATES GROWTH IN ALL ASPECTS OF THE CHILD'S DEVELOPMENT. TO CARRY OUT THIS MISSION, THE WESTMORELAND CHILDREN'S CENTER IS COMMITTED TO EMPLOYING OUTSTANDING DEDICATED STAFF; FOSTERING A STRONG SCHOOL-PARENT PARTNERSHIP; AND ENCOURAGING SOCIAL RESPONSIBILITY. 0 0 1664294 1664294 TO ENCOURAGE AND ENABLE BALTIMORE CITY PUBLIC SCHOOL STUDENTS TO PURSUE A POSTSECONDARY EDUCATION BY PROVIDING COUNSELING THROUGH ITS COLLEGE ADVISING PROGRAM AND FINANCIAL RESOURCES. 3329122 TO ENCOURAGE AND ENABLE BALTIMORE CITY PUBLIC SCHOOL STUDENTS TO PURSUE A POSTSECONDARY EDUCATION BY PROVIDING SCHOLARSHIPS AND LAST DOLLAR GRANT AWARDS TO STUDENTS. 4993416 1 1 0 0 0 0 0 0 0 1 1 1 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 0 0 0 0 0 0 0 0 0 1 18 0 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD X KRISTI STRAIGHT 4107832905 2601 N HOWARD STREET SUITE 210 BALTIMORE MD 21218 ALICIA WILSON CHAIR 1.00 X X 0 0 0 ROBERT C EMBRY JR TREASURER 1.00 X X 0 0 0 CAROL D RECKLING SECRETARY 1.00 X X 0 0 0 ROBERT D BIAGIOTTI DIRECTOR 1.00 X 0 0 0 GREG BROWN DIRECTOR 1.00 X 0 0 0 MOHAMMED CHOUDHURY DIRECTOR 1.00 X 0 0 0 DAVID GIBBONS DIRECTOR 1.00 X 0 0 0 RICHARD GREENWOOD DIRECTOR 1.00 X 0 0 0 ATERIA GRIFFON DIRECTOR 1.00 X 0 0 0 MICHAEL E HAYNIE DIRECTOR 1.00 X 0 0 0 JEANNE HITCHCOCK DIRECTOR 1.00 X 0 0 0 THE HONORABLE LARRY HOGAN DIRECTOR (UNTIL 1/23) 1.00 X 0 0 0 BRETT INGERMAN DIRECTOR 1.00 X 0 0 0 JULIA JASKEN DIRECTOR 1.00 X 0 0 0 ADRIAN S JOHNSON DIRECTOR 1.00 X 0 0 0 J DREXEL KNIGHT DIRECTOR 1.00 X 0 0 0 EDWIN LUGO II DIRECTOR 1.00 X 0 0 0 JOHN MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 THE HONORABLE WES MOORE DIRECTOR 1.00 X 0 0 0 PETER H NACHTWEY DIRECTOR 1.00 X 0 0 0 JOSHUA PERRY DIRECTOR 1.00 X 0 0 0 DR MELANIE PERREAULT DIRECTOR 1.00 X 0 0 0 THOMASINA POIROT DIRECTOR 1.00 X 0 0 0 DAVID A QUARANTA DIRECTOR 1.00 X 0 0 0 GEORGE ROCHE DIRECTOR 1.00 X 0 0 0 THE HONORABLE JULIE R RUBIN DIRECTOR 1.00 X 0 0 0 SONJA B SANTELISES DIRECTOR 1.00 X 0 0 0 KIM SCHATZEL DIRECTOR (UNTIL 2/23) 1.00 X 0 0 0 CHARLES SCHEELER DIRECTOR 1.00 X 0 0 0 THE HONORABLE BRANDON SCOTT DIRECTOR 1.00 X 0 0 0 D SCOTT WARMAN DIRECTOR 1.00 X 0 0 0 ALAN WEISS DIRECTOR (UNTIL 12/22) 1.00 X 0 0 0 DAVID WILSON DIRECTOR 1.00 X 0 0 0 SAMUEL T WOODSIDE DIRECTOR 1.00 X 0 0 0 DR CAREY WRIGHT DIRECTOR 1.00 X 0 0 0 CATHERINE MOTZ EXECUTIVE DIRECTOR 40.00 X 187642 0 19586 JENNIFER D COVAHEY DIRECTOR OF COLLEGE SUCCESS 40.00 X 97067 0 9861 MARQUISE A O'NEAL DIRECTOR OF HIGH SCHOOL PROGRAM 40.00 X 92298 0 3704 SHANETTE QUATTLEBAUM DIRECTOR OF ACCOUNTING & HR 40.00 X 97923 0 13561 474930 0 46712 1 0 1 0 0 39750 2046457 5143103 2402 7229310 924663 924663 1003338 503846 499492 499492 499492 0 39750 28866 -28866 -28866 MISCELLANEOUS INCOME 900099 1250 1250 1250 8625849 0 0 1396539 1664294 1664294 574468 344681 57446 172341 2181016 1842719 270427 67870 47183 35907 10773 503 290745 212461 59365 18919 198951 143089 38794 17068 141 141 28726 28726 119759 119759 83969 40392 8714 34863 42368 31967 3127 7274 103672 88424 8178 7070 102275 57274 24546 20455 38940 34620 1769 2551 47429 26560 11383 9486 22429 18616 2467 1346 OTHER PROGRAM COSTS 417518 417518 OTHER FUNDRAISING EXPEN 21829 21829 DUES AND PUBLICATIONS 1851 1604 160 87 33290 33290 6020853 4993416 645775 381662 387007 140881 1900691 953505 2195366 2481041 839615 512923 56769 163020 295647 216136 104928 79511 27252394 32458926 3123674 3116167 310193 266469 36170637 40172443 195941 313837 82642 133369 562529 495735 841112 942941 X 25734948 28609964 9594577 10619538 35329525 39229502 36170637 40172443 2604996 1578647 -283666 0 X 0 1 X 1 0 X 3503360 2670508 3442220 6596985 7229310 23442383 3503360 2670508 3442220 6596985 7229310 23442383 3347201 20095182 861805 855784 1334180 1280248 924663 5256680 1250 1250 28700313 0.70020 0.72700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 1,250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23847731 2230828 700000 25378559 27343996 -3496265 0 23847731 21896443 6568195 1120642 27343996 22541349 396896 1041802 21896443 22300331 1323494 1082476 22541349 1.00000 0.00000 0.00000 0 0 21035 18400 2635 274612 197736 76876 79511 HEDGE FUND 2298590 F REAL ESTATE INVESTMENT TRUST 817577 F 3116167 DEFERRED COMPENSATION PLAN LIABILITY 219542 OPERATION LEASE LIABILITY 276193 495735 X 10113603 1578647 1578647 8534956 119759 -28866 90893 8625849 5929960 0 5929960 119759 -28866 90893 6020853 PART V, LINE 4: THE BOARD DESIGNATED ENDOWMENT FUNDS CONSIST OF UNRESTRICTED FUNDS DESIGNATED FOR LONG-TERM INVESTMENT BY THE BOARD OF DIRECTORS. THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF THE INVESTMENT PORTFOLIO'S ROLLING AVERAGE FAIR VALUE FOR THE PRECEDING FIVE FISCAL YEARS. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -28,866. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -28,866. LUNCHEON 39750 39750 28866 39750 39750 28866 28866 -28866 1 STUDENT GRANTS 470 1664294 N/A N/A PART I, LINE 2: FUNDS ARE SENT DIRECTLY TO THE INSTITUTION WHERE THE SELECTED STUDENT IS ENROLLED. STUDENTS NEVER RECEIVE A CHECK MAILED TO THEM AND CANNOT MISAPPROPRIATE THE FUNDS FOR ANYTHING OTHER THAN COST OF ATTENDANCE. STUDENTS ARE REQUIRED TO SUBMIT FINANCIAL AID AWARD LETTERS TO MAKE SURE THERE IS STILL A NEED TO RECEIVE THE FUNDS. IF THERE IS NOT A NEED THE FUNDS MAY BE HELD FOR WINTER OR SUMMER COURSES. ALL FUNDS MUST BE SPENT IN ONE YEAR AND DO NOT CARRYOVER. X 0 0 0 0 0 0 0 0 0 CATHERINE MOTZ EXECUTIVE DIRECTOR 187642 0 0 0 0 0 6651 0 12935 0 207228 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A SECTION I. EXECUTIVE COMMITTEE. AT THE START OF THE TERM OF A BOARD CHAIR, THE CHAIR SHALL SELECT FROM THE BOARD MEMBERS AN EXECUTIVE COMMITTEE, WHICH SHALL INCLUDE THE CHAIR- ELECT AND MAY INCLUDE AT LEAST AS MANY BOARD MEMBERS AS THE NUMBER OF BOARD COMMITTEES, IN ADDITION TO THE BOARD CHAIR AND CHAIR-ELECT, AS WELL AS ANY ADDITIONAL MEMBERS THE CHAIR SELECTS. THE BOARD CHAIR SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED TO ACT IN THE NAME AND PLACE OF THE BOARD IN THE MANAGEMENT OF THE FOUNDATION'S PROGRAMS AND ACTIVITIES BETWEEN BOARD MEETINGS. A QUORUM OF THE EXECUTIVE COMMITTEE SHALL BE PRESENT AT ANY MEETING OF THE EXECUTIVE COMMITTEE IN ORDER TO CONDUCT BUSINESS, INCLUDING WITHOUT LIMITATION TO VOTE ON ANY MATTER. THE CHAIR SHALL REPORT TO THE FULL BOARD ON ANY AND ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE AT THE NEXT REGULARLY SCHEDULED BOARD MEETING OR AT A SPECIAL MEETING OF THE BOARD IF THE CHAIR DEEMS AN EARLIER REPORT TO BE APPROPRIATE. THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND THE FOUNDATION'S ARTICLES OF INCORPORATION, THESE BYLAWS, OR TO ELECT OR REMOVE A BOARD MEMBER OR AN OFFICER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF ACCOUNTING AND EXECUTIVE DIRECTOR BOTH REVIEW AND APPROVE THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY INCLUDED IN THEIR BYLAWS. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE REVIEWED AND SIGNED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR AND CHAIR OF THE AUDIT AND COMPENSATION COMMITTEE APPROVE THE EXECUTIVE DIRECTOR'S SALARY CHANGE BASED ON COST OF LIVING RATES AND SALARY AND BENEFITS SURVEYS PROVIDED BY MARYLAND NONPROFITS. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS IN JANUARY FOR HEADQUARTERS' EMPLOYEES AND IN JUNE FOR OTHER EMPLOYEES. THE EXECUTIVE DIRECTOR APPROVES ALL SALARY CHANGES TO HER TEAM BASED ON COST OF LIVING RATES AND SALARY AND BENEFITS SURVEYS PROVIDED BY MARYLAND NONPROFITS. THE PROCESS DESCRIBED HERE WAS LAST PERFORMED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FNANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.