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College Summit's mission is to increase the college enrollment rate of low-income students by ensuring that every student who can make it in college makes it to college. College Summit focuses on providing tools and resources to communities to build a support system for students in the critical transition from grade 12 to "13" by mobilizing high schools, colleges, teachers, employers, and philanthropists to help school districts close the college enrollment gap.
- Grew total revenue by 29% from FY2004 to FY2005; grew fee-for-service revenue from $477,000 in FY2002 to $845,466 in FY2005, covering more than half of variable program expenses.
- Successfully raised a $15 million Proof Fund from high-net-worth individuals providing growth capital to prove in 4 sites across the country that the college access problem can be solved in an economically feasible way.
- College Summit served more than 3,600 students during FY2005 and is on target to achieve a 79% college enrollment rate for workshop participants (data for FY2005 still be collected). The organization will grow to serve more than 5,500 students in FY2006 and anticipates serving more than 7,000 in FY2007.
- College Summit's new alumni initiative will engage more than 6,000 individuals across the country, leveraging the population in recruiting and serving as models for Peer Leaders.
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Through a partnership with the College Foundation of North Carolina, the leading state in the nation on college access, College Summit is exploring the possibility of providing its services statewide and working together to engage with other states interested in adopting the model.
Total Funding from New Profit to Date: $590,000
Value of Total Consulting Resources from New Profit (Monitor or Other) to Date:$1,454,000
| 946 |
3,603 |
40% |
2.1 |
8.9 |
43% |
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