College Now Greater Cleveland, Inc.
EIN: 34-6580096
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
College Access Advising, Financial Aid Counseling, Scholarships & Retention Services
We provide services to 31,000 people across five Northeast Ohio counties.
Where we work
External reviews

Our results
How does this organization measure their results? It's a hard question but an important one.
Number of high school graduates who are persisting in college
This metric is no longer tracked.Totals By Year
Related Program
College Access Advising, Financial Aid Counseling, Scholarships & Retention Services
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The high school students we served in one-on-one sessions matriculated to college in 2021 at an average rate of 60% (a hard-won increase from 2020’s 53% and near the 2019 pre-COVID rate of 61%
Number of scholars who earn a Bachelor's degree
This metric is no longer tracked.Totals By Year
Related Program
College Access Advising, Financial Aid Counseling, Scholarships & Retention Services
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
College Now’s traditional scholarship awardees, students with high financial need and academic capability, have an average graduation rate, pre-pandemic, of 71%.
Number of adult learners enrolled
This metric is no longer tracked.Totals By Year
Related Program
College Access Advising, Financial Aid Counseling, Scholarships & Retention Services
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
College Now’s adult learner scholarship recipients have a three-year average graduation rate of 71%, significantly higher than the national average of adult learners ages 24+ (51%).
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
4.09
Months of cash in 2021 info
5.3
Fringe rate in 2021 info
22%
Funding sources info
Assets & liabilities info
College Now Greater Cleveland, Inc.
Revenue & expensesFiscal Year: Aug 01 - Jul 31
SOURCE: IRS Form 990
College Now Greater Cleveland, Inc.
Balance sheetFiscal Year: Aug 01 - Jul 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Aug 01 - Jul 31
SOURCE: IRS Form 990
This snapshot of College Now Greater Cleveland, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $628,396 | $374,900 | $159,480 | $1,031,689 | $1,718,166 |
As % of expenses | 5.1% | 3.1% | 1.2% | 6.4% | 10.1% |
Unrestricted surplus (deficit) after depreciation | $566,629 | $325,450 | $74,016 | $936,823 | $1,641,936 |
As % of expenses | 4.5% | 2.7% | 0.5% | 5.8% | 9.6% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $12,291,852 | $12,790,280 | $14,197,853 | $16,715,812 | $18,465,003 |
Total revenue, % change over prior year | 6.7% | 4.1% | 11.0% | 17.7% | 10.5% |
Program services revenue | 8.5% | 8.0% | 8.8% | 7.2% | 6.3% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 2.2% | 2.0% | 1.3% | 0.7% | 0.4% |
Government grants | 27.3% | 26.2% | 29.5% | 25.1% | 25.8% |
All other grants and contributions | 61.4% | 63.1% | 59.8% | 64.7% | 65.8% |
Other revenue | 0.5% | 0.7% | 0.6% | 2.3% | 1.7% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $12,404,660 | $11,972,507 | $13,382,341 | $16,131,808 | $16,940,293 |
Total expenses, % change over prior year | 14.3% | -3.5% | 11.8% | 20.5% | 5.0% |
Personnel | 53.9% | 55.1% | 55.9% | 51.5% | 51.5% |
Professional fees | 2.7% | 3.0% | 2.7% | 2.2% | 2.5% |
Occupancy | 2.1% | 2.2% | 2.2% | 2.4% | 2.4% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 30.6% | 30.0% | 28.1% | 34.6% | 34.7% |
All other expenses | 10.6% | 9.8% | 11.1% | 9.3% | 8.9% |
Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $12,466,427 | $12,021,957 | $13,467,805 | $16,226,674 | $17,016,523 |
One month of savings | $1,033,722 | $997,709 | $1,115,195 | $1,344,317 | $1,411,691 |
Debt principal payment | $0 | $0 | $0 | $0 | $724,700 |
Fixed asset additions | $0 | $0 | $347,056 | $0 | $0 |
Total full costs (estimated) | $13,500,149 | $13,019,666 | $14,930,056 | $17,570,991 | $19,152,914 |
Capital structure indicators
Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Months of cash | 4.8 | 5.9 | 5.0 | 5.7 | 5.3 |
Months of cash and investments | 12.2 | 14.0 | 12.2 | 11.9 | 12.6 |
Months of estimated liquid unrestricted net assets | 0.8 | 1.1 | 0.9 | 1.5 | 2.6 |
Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Cash | $4,986,710 | $5,850,998 | $5,540,675 | $7,643,558 | $7,413,238 |
Investments | $7,652,258 | $8,078,497 | $8,024,681 | $8,345,674 | $10,308,079 |
Receivables | $4,610,333 | $4,325,242 | $5,029,215 | $4,262,101 | $5,903,592 |
Gross land, buildings, equipment (LBE) | $690,602 | $705,386 | $1,052,442 | $618,540 | $526,532 |
Accumulated depreciation (as a % of LBE) | 75.3% | 80.7% | 62.2% | 45.8% | 56.1% |
Liabilities (as a % of assets) | 13.6% | 13.1% | 12.8% | 20.9% | 19.0% |
Unrestricted net assets | $953,474 | $1,278,924 | $1,352,940 | $2,289,763 | $3,931,699 |
Temporarily restricted net assets | $7,971,557 | $8,603,795 | $9,546,375 | N/A | N/A |
Permanently restricted net assets | $6,403,476 | $6,376,715 | $5,950,104 | N/A | N/A |
Total restricted net assets | $14,375,033 | $14,980,510 | $15,496,479 | $14,249,638 | $15,734,491 |
Total net assets | $15,328,507 | $16,259,434 | $16,849,419 | $16,539,401 | $19,666,190 |
Key data checks
Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Ms. Lee A. Friedman
Number of employees
Source: IRS Form 990
College Now Greater Cleveland, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
College Now Greater Cleveland, Inc.
Board of directorsas of 04/12/2023
Board of directors data
Mike Cogan
Northern Trust
Term: 2014 - 2022
Kristen Baird Adams
PNC
Rita Andolsen
MetroHealth System
Harry Carlson
Retired, Lincoln Electric
Judith Embrescia
Community Leader
Lauren Rich Fine
Gries Financial Corporation
Margaret Kennedy
Retired, Benesch, Friedlander, Coplan & Aronoff
William Koehler
Team NEO
Alan Kopit
MediLogix LLC
Timothy Cosgrove
Cosgrove Jonhenry
Jimmy Malone
iHeart Media
Megan Mehalko
Benesch, Friedlander, Coplan & Aronoff, LLP
AD Naik
Eaton Corporation
Patrick Mullin
Retired, Deloitte
Sally Stewart
Howard Hanna
J.D. Sullivan
MFH Partners
Susan Tyler
Community Leader
Deborah Vesy
Retired, Deaconess Community Foundation
Brent Buckley
Buckley King, LPA
Gabe Bruno
Lincoln Electric Company
Brian Barren
Cleveland Guardians
Veena Khanna
KeyBank
Stephanie Antunez
California Closets
Suzanne Aral-Boutros
Community Leader
Michael Cogan
Northern Trust
Katinka Domotorffy
Community Leader
Ward Dumm
Community Leader
James Geuther
Truist
Joseph Morford
Tucker Ellis LLP
Ashley George
Moen
Enid Rosenberg
Community Leader
Sean Stack
Proterial
Joshua Bagshaw
Sherwin-Williams Company
Ingrid Tolentino
MetLife Legal Plans
April Miller Boise
Intel
Shelly Cayette
Cleveland Cavaliers
Tom Dewey
Medical Mutual of Ohio
Jitin Eidnani
Cognizant
Rich Garcia
Bluepoint Capital Partners
Elizabeth Newman
CBIZ
Kevin Kelley
Cuyahoga County Court of Common Please
Jessica Jung
Oswald Companies
Marisa Darden
Squire Patton Boggs
Sam Prentis
Bank of America
Rich Poehle
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Adam Zelwin
PwC
Mark Ross
Community Leader
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data