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Nonprofit · EIN 20-4811544

COLLEGE BOUND OPPORTUNITIES

Tax-exempt · HIGHLAND PARK, IL 60035

Financials

$1.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of COLLEGE BOUND OPPORTUNITIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,144,688$1,264,251-$119,563$1,112,053$1,349,409-$237,356
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$948,496
of which government grants
$7,500
Program service revenue
$0
Investment income
$29,617
Net income from fundraising events
$157,871
Other revenue
$166,575

Expenses

Grants and similar amounts paid
$416,000
Other salaries and wages
$521,840
Salaries, compensation and benefits (total)
$615,416
Professional fundraising fees
$0
Legal fees
$9,148
Accounting fees
$7,682
Occupancy
$37,547
Depreciation
$1,590
Program services (functional)
$819,525
Management and general (functional)
$220,210
Fundraising (functional)
$224,516

Balance sheet and other

Total assets, start of year
$1,411,497
Total assets, end of year
$1,112,053
Total liabilities, end of year
$1,349,409
Net assets, end of year
-$237,356
Land, buildings and equipment
$1,274
Net assets without donor restrictions
-$344,856
Net assets with donor restrictions
$107,500
Gross receipts
$1,255,441
Employees
9
Volunteers
320
Year formed
2006
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
SUSAN R BELLFORMER EXECUTIVE DIRECTOR
Highest-paid employee
40$134,204
KAREN LYGIZOSCHAIR
Trustee or director, Officer
4$0
SETH KATZVICE CHAIR
Trustee or director, Officer
4$0
MATT LAUGHTONTREASURER/SECRETARY
Trustee or director, Officer
4$0
ANDY CHEUNGDIRECTOR
Trustee or director
1$0
ELIZABETH GEORGEDIRECTOR
Trustee or director
1$0
TODD HEYDENDIRECTOR
Trustee or director
1$0
KATHY MCKENNADIRECTOR
Trustee or director
1$0
MYTHYLY PUTCHADIRECTOR
Trustee or director
1$0
ALYSSA SCHLENSKY SHAPIRODIRECTOR
Trustee or director
1$0
BONNIE C SHLENSKYDIRECTOR
Trustee or director
1$0
JEN SILFADIRECTOR
Trustee or director
1$0
DAVID SMITHDIRECTOR
Trustee or director
1$0
TOM TERRANOVADIRECTOR
Trustee or director
1$0
BRIAN WEINBERGDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3500 WESTERN AVE, HIGHLAND PARK, IL 60035-1263
In care of
% BRIAN WEINBERG
Principal officer (990 for 2024)
KAREN LYGIZOS, PO BOX 392, HIGHLAND PARK, IL 60035
Signed the 990
KAREN LYGIZOS, BOARD CHAIR
Phone
(847) 943-9226
Return prepared by
CHERYL ROHLFS & ASSOCIATES LTD

Mission

COLLEGE BOUND OPPORTUNITIES MENTORS, EMPOWERS AND INSPIRES LOW-INCOME, FIRST-GENERATION SCHOLARS TO OVERCOME BARRIERS, GRADUATE COLLEGE AND ACHIEVE SUCCESS IN LIFE.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION PROVIDED FINANCIAL ASSISTANCE TO STUDENTS, SPONSORED STUDENT TRIPS TO COLLEGES, AND PROVIDED TRAINING AIMED TOWARD ENHANCING THE STUDENT'S COLLEGE ADMISSION KNOWLEDGE AND PROSPECTS.
    Expenses $819,525 · grants $416,000 · revenue $8,704

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-4811544
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,112,053
Income (IRS master file)
$1,255,441

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$1,016,959$1,146,130$1,639,612IRS
990June 2022$1,050,401$1,273,574$1,813,531IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about COLLEGE BOUND OPPORTUNITIES

What is the EIN of COLLEGE BOUND OPPORTUNITIES?
The employer identification number (EIN) of COLLEGE BOUND OPPORTUNITIES is 20-4811544.
Is COLLEGE BOUND OPPORTUNITIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to COLLEGE BOUND OPPORTUNITIES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COLLEGE BOUND OPPORTUNITIES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COLLEGE BOUND OPPORTUNITIES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COLLEGE BOUND OPPORTUNITIES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of COLLEGE BOUND OPPORTUNITIES?
The 990 for the year ended June 30, 2025 names KAREN LYGIZOS.
Who are the officers and directors of COLLEGE BOUND OPPORTUNITIES?
The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $134,204 (SUSAN R BELL, FORMER EXECUTIVE DIRECTOR).
How much revenue does COLLEGE BOUND OPPORTUNITIES have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,144,688, expenses of $1,264,251 and total assets of $1,112,053 at year end.

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