COME TO BELIEVE FOUNDATION

EIN: 831551889 501(c)(3)

NEW YORK, NY

Total Revenue
$2,927,616
Total Expenses
$2,171,407
Total Assets
$2,795,514
Net Assets
$2,774,769
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
REV STEPHEN KATSOUROS SJ
Phone
2129403832
Tax Period
2023-07-01 to 2024-06-30

COME TO BELIEVE FOUNDATION, founded in 2018, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 26% operating margin.

Mission

TO PROVIDE HIGHER EDUCATION INSTITUTIONS WITH AN INNOVATIVE, RESULTS- ORIENTED COLLEGE MODEL THAT IS INCLUSIVE AND ACCESSIBLE TO STUDENTS WHO ARE OFTEN UNDERREPRESENTED AT SELECTIVE UNIVERSITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,867,344
Program Service Revenue $0
Investment Income $60,272
Other Revenue $0
TOTAL REVENUE $2,927,616

Expense Breakdown

Grants Paid $1,242,500
Salaries & Benefits $352,351
Fundraising Expenses $283,899
Program Expenses $1,620,517
Other Expenses $576,556
TOTAL EXPENSES $2,171,407

Year-over-Year Comparison

2023 2022 Change
Revenue $2,927,616 $1,065,240 +1.7%
Expenses $2,171,407 $983,442 +1.2%
Net Income $756,209 $81,798 +8.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
16
Employees
5
Volunteers
16

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$202,011
Total Directors
18
$9,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV STEPHEN KATSOUROS SJ PRES & CEO 40.00
Officer Director
$9,500 $0 $9,500
SAMUEL ADAMS CHIEF OPERAT 40.00
Officer
$168,865 $23,646 $192,511
MARK ARMSTRONG TREASURER 0.50
Officer Director
$0 $0 $0
REV ROBERT REISER SJ TRUSTEE 0.50
Director
$0 $0 $0
REV TIMOTHY LANNON SJ TRUSTEE 0.50
Director
$0 $0 $0
ALICIA DONAHUE TRUSTEE 0.50
Director
$0 $0 $0
AMY JO DOWD TRUSTEE 0.50
Director
$0 $0 $0
KWAKU FRIMPONG TRUSTEE 0.50
Director
$0 $0 $0
KIMBERLY KEISERMAN TRUSTEE 0.50
Director
$0 $0 $0
JANE MARTINEZ DOWLING TRUSTEE 0.50
Director
$0 $0 $0
REV STEPHEN MITTEN SJ TRUSTEE 0.50
Director
$0 $0 $0
JOHN MULLMAN TRUSTEE 0.50
Director
$0 $0 $0
MARA SMITH TRUSTEE 0.50
Director
$0 $0 $0
JOHN SMITH TRUSTEE 0.50
Director
$0 $0 $0
KHUNDMEER SYED TRUSTEE 0.50
Director
$0 $0 $0
CARMEN ROMERO TRUSTEE 0.50
Director
$0 $0 $0
JEFFREY WRIGHT TRUSTEE 0.50
Director
$0 $0 $0
MARIANNE SCHIMELFENIG TRUSTEE 0.50
Director
$0 $0 $0
AMY STEVENS TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,927,616 $2,171,407 $2,795,514 $756,209
2023 $1,065,240 $983,442 $2,063,723 $81,798
2022 $1,369,889 $772,392 $1,992,357 $597,497
2020 $1,159,038 $119,328 $1,239,322 $1,039,710
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