Nonprofit · EIN 45-4916115
BOUND FOR COLLEGE INC
Tax-exempt · DELRAY BEACH, FL 33483
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $668,109 | $664,665 | $3,444 | $668,315 | $0 | $668,315 |
| December 31, 2024 | 990 | $647,873 | $466,452 | $181,421 | $664,871 | $0 | $664,871 |
| December 31, 2023 | 990 | $445,040 | $351,809 | $93,231 | $483,450 | $0 | $483,450 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $650,460
- Program service revenue
- $0
- Investment income
- $17,649
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,000
- Salaries, compensation and benefits (total)
- $123,799
- Professional fundraising fees
- $0
- Accounting fees
- $10,000
- Program services (functional)
- $513,625
- Management and general (functional)
- $76,373
- Fundraising (functional)
- $74,667
Balance sheet and other
- Total assets, start of year
- $664,871
- Total assets, end of year
- $668,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $668,315
- Net assets without donor restrictions
- $516,774
- Net assets with donor restrictions
- $151,541
- Gross receipts
- $668,109
- Employees
- 2
- Volunteers
- 13
- Year formed
- 2012
- State of legal domicile
- FL
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shannon Solis | Chief Program Trustee or director | 17 | $60,000 |
| Donna Sauer | CEO Trustee or director | 40 | $55,000 |
| Chip Dickson | Director Trustee or director | 0.5 | $0 |
| Leo Ressa | Past Chair Trustee or director | 2 | $0 |
| Jeff Margolis | Chairman Trustee or director, Officer | 2 | $0 |
| Michael Hlatki | Treasurer Trustee or director, Officer | 1 | $0 |
| Margi Greenfield | Secretary Trustee or director, Officer | 1 | $0 |
| Kelly Baum | Director Trustee or director | 0.5 | $0 |
| Jerilyn Walter | Director Trustee or director | 1 | $0 |
| Cary Glickstein | Director Trustee or director | 0.5 | $0 |
| Danny Pancheo | Director Trustee or director | 0.5 | $0 |
| Raul Valero | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shannon Solis | Executive Dir. Trustee or director, Officer | 17 | $50,000 |
| Chip Dickson | Director Trustee or director | 0.5 | $0 |
| Leo Ressa | Director Trustee or director | 2 | $0 |
| Jeff Margolis | Chairman Trustee or director, Officer | 2 | $0 |
| Michael Hlatki | Treasurer Trustee or director, Officer | 1 | $0 |
| Margi Greenfield | Secretary Trustee or director, Officer | 1 | $0 |
| Ann Pepperresigned 11 | Director Trustee or director | 0.25 | $0 |
| Donna Sauer | CFO Trustee or director | 10 | $0 |
| Mark Sauer | Chair Emeritis Trustee or director | 16 | $0 |
| Kelly Baum | Director Trustee or director | 0.5 | $0 |
| Nick Sadowskyresigned 11 | Director Trustee or director | 0.25 | $0 |
| Jerilyn Walters | Director Trustee or director | 1 | $0 |
| Raul Valero | Director Trustee or director | 4 | $0 |
| Cary Glickstein | Director Trustee or director | 0.5 | $0 |
| Danny Pacheco | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shannon Solis | Executive Dir. Trustee or director, Officer | 17 | $46,223 |
| Chip Dickson | Director Trustee or director | 0.5 | $0 |
| Leo Ressa | Director Trustee or director | 2 | $0 |
| Jeff Margolis | Chairman Trustee or director, Officer | 2 | $0 |
| Michael Hlatki | Treasurer Trustee or director, Officer | 1 | $0 |
| Margi Greenfield | Secretary Trustee or director, Officer | 1 | $0 |
| Ann Pepperresigned 11 | Director Trustee or director | 0.25 | $0 |
| Donna Sauer | CFO Trustee or director | 10 | $0 |
| Mark Sauer | Chair Emeritis Trustee or director | 16 | $0 |
| Kelly Baum | Director Trustee or director | 0.5 | $0 |
| Nick Sadowskyresigned 11 | Director Trustee or director | 0.25 | $0 |
| Jerilyn Walters | Director Trustee or director | 1 | $0 |
| Raul Valero | Director Trustee or director | 4 | $0 |
| Cary Glickstein | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1686 SOUTH FEDERAL HWY 297, DELRAY BEACH, FL 33483-5030
- In care of
- % MARK SAUER
- Mailing address (990-N for 2014)
- 1730 s federal highway 297, delray beach FL 33483
- Principal officer (990 for 2025)
- Michael Hlatki, 1686 S Federal Highway 297, Delray Beach, FL 33483
- Principal officer (990-N for 2014)
- Mark Sauer Executive Director, 1730 s federl highway 297, delray beach FL 33483
- Signed the 990
- Michael Hlatki, Treasurer
- Phone
- (561) 239-3255
- Website
- www.delraystudentsfirst.org
- Return prepared by
- DIVINE BLALOCK MARTIN & SELLARI LLC
Mission
Our Mission at Bound For College is to provide comprehensive college readiness resources empowering motivated low-income students toward promising futures.
Program accomplishments
- ACT/SAT Test Tutoring and Preparation; Field Trips and College Tours and Field Trips; Direct Students Support; Assistance with college and scholarship applications & essays.Expenses $513,625
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4916115
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D61)
- Assets (IRS master file)
- $668,315
- Income (IRS master file)
- $668,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $668,109 | $664,665 | $668,315 | IRS |
| 990 | December 2024 | $647,873 | $466,452 | $664,871 | XML |
| 990 | December 2023 | $445,040 | $351,809 | $483,450 | XML |
| 990 | December 2022 | $369,554 | $305,429 | $392,157 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Mark Sauer Executive Director | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 45-4916115).
Questions about BOUND FOR COLLEGE INC
- What is the EIN of BOUND FOR COLLEGE INC?
- The employer identification number (EIN) of BOUND FOR COLLEGE INC is 45-4916115.
- Is BOUND FOR COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BOUND FOR COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOUND FOR COLLEGE INC 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 BOUND FOR COLLEGE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOUND FOR COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BOUND FOR COLLEGE INC?
- The 990 for the year ended December 31, 2025 names Michael Hlatki.
- Who are the officers and directors of BOUND FOR COLLEGE INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $60,000 (Shannon Solis, Chief Program).
- How much revenue does BOUND FOR COLLEGE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $668,109, expenses of $664,665 and total assets of $668,315 at year end.
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