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COME TO BELIEVE FOUNDATION

NEW YORK, NY · EIN 831551889 · Form 990 · FY2024 · Medium ($1M-$10M) · ctbnetwork.org
revenue
$2.2M
expenses
$1.8M
net assets
$3.2M
employees
4
volunteers
17
program ratio
61%
mission · from form 990

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.

profile · synthesized from sources

Come to Believe Foundation supports higher education institutions in launching and sustaining two-year, affordable college models designed for underrepresented students. Through its network, it provides funding, technical assistance, and a replicable model emphasizing intentional design, community, and holistic student support. The foundation partners with colleges to improve access, retention, and success for students who face systemic barriers to higher education.

named programs · 5 · from sources

What they call their work

Arrupe College
Two-year Jesuit college in Chicago offering a rigorous liberal arts education with comprehensive support services to low-income and first-generation students.
Bridge and Bond Events
Program connecting CTB students with professionals for mentorship, networking, and real-world career exposure to enhance post-college opportunities.
Design Grant Program
CTB-funded initiative that supports colleges in exploring and launching CTB model colleges through funding, technical assistance, site visits, and feasibility studies.
Dougherty Family College (DFC)
Two-year, affordable college program at the University of St. Thomas in Minneapolis that offers holistic student support, free tuition and meals, and pathways to bachelor’s degrees.
Founder’s College
New two-year college program at Butler University designed to provide intentional, community-based support for underrepresented students through academic advising, mentorship, and career connections.
activities · 2 groups

What they do

  • College Access and Success Support 2 activities
    • Hosting events and producing content to advance college access and success
      Hosts panel discussions, Bridge and Bond events connecting students with professionals, and produces a podcast series focused on reimagining higher education and addressing systemic barriers to college access, success, and completion.
    • Operating two-year college programs with high graduation and transfer rates
      Operates two-year college programs embedded within larger four-year universities, achieving graduation rates three to five times higher than the national average, with over 80% of graduates transferring to bachelor’s programs and 70% of those completing a degree within five years. Programs are designed so 90% of students graduate with no debt.
  • Uncategorized 3 activities
    • Establishing and expanding CTB model college programs at partner universities
      Directly operates and launches CTB model two-year college programs at partner institutions, including Arrupe College (Loyola University Chicago, 2015), Dougherty Family College (University of St. Thomas, 2017), Seton College (College of Mount Saint Vincent, 2024), and Founder’s College (Butler University, planned 2025).
    • Funding feasibility studies for replication of the CTB two-year college model
      Runs an annual Design Grant initiative that awards up to five colleges or universities $40,000 each to explore the feasibility of implementing the Come to Believe (CTB) two-year college model on their campuses.
    • Providing capacity-building support for institutions adopting the CTB model
      Assists higher education institutions in developing and launching the CTB two-year college model through customized planning support, site visits, and direct engagement, enabling replication of the model at new campuses pending board approval.
financials · form 990 · fy2024
revenue
Total revenue$2.23M
Contributions & grants$2.09M94%
Program service revenue$00%
Investment income$133K6%
Other revenue$0
expenses
Total expenses$1.76M
Program expenses61%
Admin / overhead15%
Fundraising24%
Salaries & benefits$545K
Grants paid out$428K
Largest expense lineCompensation
balance sheet
Total assets$3.46M
Cash$1.83M
Investments$1.45M
Liabilities$224K
Net assets$3.24M
Liquid reserves22.4 mo
5 years on record · 2020–2024 · YoY revenue -23.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SAMUEL ADAMS CHIEF OPERAT 40 $217K
board members · 17
  • ALICIA DONAHUE — TRUSTEE
  • AMY STEVENS — TRUSTEE
  • JANE MARTINEZ DOWLING — TRUSTEE
  • JEFFREY WRIGHT — TRUSTEE
  • JOHN MULLMAN — TRUSTEE
  • JOHN SMITH — TRUSTEE
  • JOHN SMITHSON — TRUSTEE
  • KHUNDMEER SYED — TRUSTEE
  • KIMBERLY KEISERMAN — TRUSTEE
  • KWAKU FRIMPONG — TRUSTEE
  • MARA SMITH — TRUSTEE
  • MARIANNE SCHIMELFENIG — TRUSTEE
  • MARK ARMSTRONG — CHAIR
  • MIKE SHORT — TRUSTEE
  • REV ROBERT REISER SJ — TRUSTEE
  • REV STEPHEN MITTEN SJ — TRUSTEE
  • REV TIMOTHY LANNON SJ — TRUSTEE
relationships · 20

Who they work with

  • Arrupe College Partner — Partner institution implementing the Come To Believe college model
  • Arrupe College at Loyola University Chicago Partner — Original developer of the CTB model; serves as the foundational example for replication.
  • Arrupe College at Loyola University Chicago Partner — Partner institution in the development and implementation of a college completion model for low-income students of color.
  • Butler University Partner — Future host institution for Founder’s College, set to implement the Come to Believe model in Fall 2025.
  • Butler University Partner — Host institution for Founder's College, a CTB model college
  • College of Mount Saint Vincent Partner — Host institution for Seton College, implementing the Come to Believe model within its campus.
  • Dougherty Family College Partner — Collaborates with CTB Network to support student success and transition to four-year institutions.
  • Dougherty Family College Partner — Host institution for CTB design grant site visit and exemplar of the CTB model
  • Dougherty Family College Partner — Partner institution implementing the Come To Believe college model
  • Hollins University Partner — Recipient of a CTB design grant to explore the two-year college model.
  • Joan Sextro Funder — Sponsor of the 2024-2025 CTB design grant cohort.
  • Loyola University Partner — Host institution for Arrupe College, implementing the Come to Believe model within its campus.
  • Loyola University Chicago Partner — Host institution where the CTB model was first implemented at Arrupe College.
  • Mary Kathryn Black Funder — Sponsor of the 2024-2025 CTB design grant cohort.
  • Saint Mary’s College Partner — Recipient of a CTB design grant to explore the two-year college model.
  • The Catholic University of America Partner — Recipient of a CTB design grant to explore the two-year college model.
  • University of Detroit Mercy Partner — Recipient of a CTB design grant to explore the two-year college model.
  • University of St. Thomas Partner — Host institution for Dougherty Family College, implementing the Come to Believe model within its campus.
  • University of St. Thomas Partner — Host university for Dougherty Family College and partner in CTB model implementation
  • University of St. Thomas Partner — Partner institution where CTB Network supports student advancement and engagement.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.