2015–2016 Annual Report

A Year of Results A MESSAGE FROM BOTTOM LINE LEADERSHIP

Dear Friends, We are proud to share Bottom Line’s 2016 Annual Report with you. The following pages highlight the work that Bottom Line focuses on, day after day, month after month. You will meet a few of our students that are the heart of this organization. You will see the incredible results of last year’s programming. Finally, you will see our strong financial position—and how we make this all possible—through a diverse community of supporters like you. In many ways, our 2016 fiscal year was a pivotal one for Bottom Line. • Our largest group of students, 1,289 in total, entered our Success Program and, at the same time, we saw 334 students graduate from college, up 35% over last year. • We provided college advising and coaching to almost 5,000 students. Virgil J. Jones, Jr. • 79% of our students graduated from college—a rate more than four times the national average of low-income, first-generation students. • We also approved a 5-year strategic plan, establishing our commitment to measured growth in our current regions as well as the expansion to new sites. • We have strengthened our executive staff and our board with seasoned professionals to lead our growth and expansion. These are milestones along a journey and direction that has made this one of the most successful years in Bottom Line’s history. Our commitment to our students graduating from college ready for a career, demonstrated by our high-touch and one-on-one counseling for up to 7 years of our students’ journeys towards their degrees, still drives our programs. Furthermore, our focus on results informs our decision-making at every level in our organization. In 2014, we launched a Randomized Controlled Trial, the gold standard of scientific evaluation, to truly understand our impact. The first year of results are in Kevin E. Connolly and one thing is clear: the Bottom Line model works. 2016 was a watershed year for the employment outcomes underneath our Go Far umbrella. More than 100 Bottom Line graduates are employed at State Street Corporation in and we are so proud to work alongside Bottom Line alumni at our offices. The first Managing National Board of Directors Director of Programs in our New York office leads her team through the lens of her own Kevin E. Connolly, State Street, Chair experience, and Bottom Line has eight other Bottom Line alumni on staff. John E. Bachman, Retired, PwC Our national and regional board members are highly committed and aligned to our work, Our Mission Bob Ballard, Scholarship America We help low-income, first-generation students get in Paul Busby, Walmart bringing a diverse set of industry and professional experience to our organization as well to college, graduate from college, and go far in life. Brad Couri, CFI Partners* as deep connections to our Bottom Line cities. And finally, our thousands of donors and Paul Garcia, General Electric volunteers truly make our work possible. We thank you all for your deep commitment to Louisa Holland, Sudler & Hennessey* Our Vision Virgil J. Jones, Jr., Bottom Line Bottom Line, and for your direct contribution and support of the continued development We strive to dramatically transform urban communities by Michel Paul, Retired, of young men and women, and the transformation of urban communities through their producing thousands of new career ready college graduates. Johnson & Johnson success in achieving meaningful and productive careers. Honorable Patti Saris, Our Goals for Our Students US District Judge Very truly yours, Dave Terry, Archway Health Advisors We expect our students to earn a bachelor’s degree, Barbara Thomas, SouthEast Bank accumulate no more than $36,000 in debt, and be employed Mike Volo, Cammack or continuing their education 6 months after graduation. Retirement Group* Harold R. Wilde, Retired, Virgil J. Jones, Jr. Kevin E. Connolly North Central College Chief Executive Officer, Bottom Line Chair, Board of Directors, Bottom Line BIVIANA SANCHEZ *Chairs of Bottom Line Regional Boards Bottom Line–NY Success Student City College, 2017

2 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 3 We are changing lives of low-income, first-generation students by helping them build a future through college acceptance, college graduation, and career readiness.

THE NEED

1 in 10 14% 5x $1 million While half of all students from of first-generation college  Low-income students who Over the course of a lifetime, the average high-income families will earn students from low-income  obtain a college degree are American with a bachelor’s degree will a bachelor’s degree by age 24, backgrounds earn a degree,  five times more likely than earn approximately $1 million more than only 1 in 10 students from compared to 60% of their their peers to escape poverty. someone without any postsecondary low-income families will. wealthier peers. education or degree.

BOTTOM LINE BY THE NUMBERS: 2015–2016

DURING THE 2015–2016 SCHOOL YEAR, BOTTOM LINE SUPPORTED 4,959 STUDENTS IN MASSACHUSETTS, NEW YORK, AND THROUGH YEAR-ROUND PROGRAMMING.

OPHELIA ALVAREZ 1,106 Access 3,853 Success Bottom Line–Chicago Success Student BOTTOM LINE STUDENTS GO FAR Our Access program helped 1,106 low-income, Our Success program supported 3,853 college students first-generation students get into college. on the path to graduation. OPHELIA ALVAREZ WILL GRADUATE READY FOR SUCCESS Ophelia Alvarez is determined to earn a degree, but is facing many challenges as a first- generation college student. That’s why her relationship with Bottom Line is so important. Ophelia applied to Bottom Line because she wanted support to balance life at home and the BOTTOM LINE UTILIZES A PROVEN AND PROACTIVE HIGH-TOUCH, HIGH-IMPACT demands of school, including managing a two hour commute from the south side of Chicago COUNSELING MODEL TAILORED TO THE SPECIFIC CHALLENGES OF EACH STUDENT. to her school on the north side. Once paired with a counselor to help her transition to and through college, she felt more confident about her journey towards a degree. Her Bottom 26 counselors 88 unique sessions Line counselor is a strong support system for her. 26 new counselors joined our program team. Our new counselors participated in an intensive 8-week training consisting “I don’t have any other support in my life, and that makes me doubt myself. Whenever of 88 unique sessions that prepared them to support our students. I need help making a decision, I go to my counselor. She cares about me and I feel completely safe going to her. I know she’s not going to judge me; if something is important to me, it’s also important to her.” WE ACCEPTED 1,167 RISING HIGH SCHOOL SENIORS INTO OUR ACCESS PROGRAM This year Ophelia had some financial issues. Her Bottom Line counselor was able to help her FROM A POOL OF 3,757. Students were selected based on family income and historical level of education. pay her tuition balance this fall through our Student Emergency Fund funded by All Chicago, a nonprofit organization that provides immediate financial assistance to Chicago residents in crisis or transition, so she could register for classes and continue persisting towards her degree. Ophelia’s dream is to become a teacher, possibly in the sciences—a great career $25,000 60% 94% 91% option for her with all of her energy, enthusiasm, and love of learning. was the average household income of our Access students are of our Access students of our students are for our Access students this year. the first person in their will be first-generation eligible for Pell Grants. family to go to college. college students.

4 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 5 When one of our students graduates from college with quality career prospects and manageable student loan debt, it has a ripple effect on the whole community. We are helping to break the cycle of poverty.

OUR IMPACT

99% 91% 79% 85% of the students in our of our Success students of our most recent class of students of Bottom Line’s last two Access program were persisted through their second graduated within 6 years. That’s graduating classes have  accepted into college. year in college compared to more than 4 times the national full-time jobs or are enrolled the national average of 72%. average for low-income students. in graduate school.

BOTTOM LINE BY THE NUMBERS: 2015–2016 continued

IN 2015–2016, ACCESS STUDENTS SUBMITTED 13,210 APPLICATIONS TO COLLEGES.

5 office locations 10 times per year MAX CLERMONT Our Access counselors worked with students at Bottom Line’s regional Counselors met with each Access student an average of 10 times Bottom Line–MA Access Graduate BOTTOM LINE STUDENTS GO FAR offices in Boston, Dorchester, Chicago, New York, and Worcester. throughout the year to work towards 16 Key Performance Indicators. Brown University BA, Community Health, 2011 GRADUATE MAX CLERMONT USES DEGREES TO GIVE BACK Brown University School of Public Health Masters of Public Health, 2012 Max Clermont knew he wanted to go to college, but was less sure about how to get there­— until he learned about Bottom Line. The son of Haitian immigrant parents, Max heard about Bottom Line when he was a junior in high school. Through Bottom Line, Max discovered he OUR SUCCESS PROGRAM GREW 25% LAST YEAR TO A TOTAL OF 3,850 STUDENTS. could overcome the deficit created by growing up in the inner city projects and having parents who didn’t understand the complexities and nuances of the college application process. Now, he could turn his goals into an action plan. 54 campuses 334 graduated “I felt I had someone who was committed to making sure I put my best foot forward. Bottom Line Success students attended 54 target colleges. 334 Success students graduated from college in 2016. It’s not enough to just do well in school. I needed to think about the requirements of getting accepted to college. Bottom Line rolled up their sleeves with me and helped me figure it out.” Bottom Line provided important one-on-one coaching and access to resources, opportunities, ADDITIONALLY, BOTTOM LINE HOSTED 13 CAREER PROGRAMMING EVENTS. and peers—people who had similar experiences—so Max could apply and get in to the school of his choice. Once in college, Max proved to be an exemplary student. He graduated with honors from Brown University in 2011 with a BA in Community Health, earned a Masters of Public Health from Brown University School of Public Health in 2012, and has embarked on 366 professionals 495 students a promising career in strategic consulting, working to protect rights, promote equity, and volunteered their time to connect with students at 3 Go Far Forums. gained valuable skills and received practical advice. close the representation gap in public and community systems.

6 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 7 FIRST REPORT FROM RANDOMIZED CONTROLLED TRIAL (RCT) RELEASED IN APRIL 2016

Bottom Line students were nearly Nearly Bottom Line students were Students who were offered Bottom Line advising were 20% 60% 7% 14% more likely of Bottom Line students rated more likely to have met with someone to their advisor as very important to report they were living on more likely review their financial aid award with college applications and campus, enjoying higher rates to enroll at a 4-year institution, letters than were control group decisions, compared with just of participation with student and attended institutions with students. This pattern of results over 20% of the control group groups, and feeling more higher mean graduation rates suggests that Bottom Line advising rating “another college access comfortable on campus than and lower cohort default rates. is helping students make informed organization” as very important. students in the control group. decisions about the affordability These student decisions may of college options they pursue. contribute to an increased probability of success in college.

POSITIVE INDEPENDENT PROGRAM EVALUATION Beginning with the high school class of 2015 and continuing with the high school class of 2016, Professors Ben Castleman (University of Virginia, Curry School of Education) and Andrew C. Barr (Texas A&M University) began a study of Bottom Line’s college Access and Success programs to attempt to demonstrate that the Bottom Line model of a third party partnering with students is making a significant improvement on the college graduation challenge facing the nation. The first report released in April 2016 shows empirically that Bottom Line’s direct service model is having an important impact on student success. Future reports will focus on persistence and success outcomes as well as students’ academic, social, and employment experiences in and out of college. To read the full report, please refer to Advising Students To and Through College: Experimental Evidence from the Bottom Line Advising Program published by Andrew C. Barr, Texas A&M University and Benjamin L. Castleman, University of Virgina in April 2016 which may be found at www.bottomline.org.

“The Laura and John Arnold Foundation (LJAF) commends Bottom Line for conducting a randomized controlled trial (RCT) to evaluate its College Access and Success programs. An RCT is widely regarded as the most credible method of evaluating the effectiveness of a social program, and Bottom Line has partnered with an experienced, independent researcher to carry out the study. It will produce a definitive answer about whether the program achieves its goals and helps low-income students become the first in their families to attend college and earn a degree. We are pleased to fund

BETSY SORIANO the RCT and applaud the leadership of Bottom Line for its interest in assessing the true impact of its work.” Bottom Line–New York Success Student Brooklyn College, 2017 —Jon Baron, Laura and John Arnold Foundation, Vice President of Evidence-Based Policy and

GINETTE SAIMPREVIL Bottom Line–New York’s Managing Director of Programs Bottom Line’s RCT is funded through the generosity of the and Bottom Line–Massachusetts Graduate MICHAEL and SUSAN DELL FOUNDATION and LAURA and JOHN ARNOLD FOUNDATION

8 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 9 RESULTS THROUGH SUCCESSFUL CONNECTIONS • Nearly 100 Bottom Line–New York students, staff, and supporters celebrated National College Signing Day with Michelle Obama. The First Lady and MTV OUR WORK HAPPENS IN LARGE PART THROUGH COLLABORATION gathered dozens of musicians, athletes, actors, and other As one of the first and most effective programs focused on college persistence through one-on-one advising, Bottom Line celebrities at the Harlem Armory to deliver inspiring is proud to serve as a thought leader and convener around college success. We partnered with high schools and other messages to over 4,000 NYC college-bound students. community-based organizations, developed relationships with corporate partners, recruited volunteers and funders, participated in industry conferences, and advocated for local policy-making that affects our students and eliminates was invited by the University obstacles to college completion. Here are a few highlights of our activities during the 2015–2016 school year. • Bottom Line–Chicago of Illinois at Chicago (UIC), to take part in a press UNIVERSITY OF ILLINOIS AT CHICAGO'S THOMAS MOSS conference organized by the Association of Public and AND EMANUEL POLLACK WITH BOTTOM LINE–CHICAGO CONFERENCES AND AWARDS SENIOR SUCCESS COUNSELOR MARGY BRILL AND Land Grant Universities (APLU) at the National Press SUCCESS PROGRAM STUDENT MARIA CALDERON AT THE Bottom Line was awarded the College Board Personalized Club in Washington, DC. Senior Success Counselor NATIONAL PRESS CLUB IN WASHINGTON, DC Learning Award of Excellence last September at the NCAN Margy Brill and Success program student Maria Calderon Conference. The award, which includes a $5,000 donation, were joined by UIC leaders and Goldie Blumenstyk, recognizes an NCAN member for incorporating technology senior writer at the Chronicle of Higher Education, as into its college Access/Success program without losing sight moderator for the panel. of the importance of human mentorship.

COMMUNITY ENGAGEMENT REGIONAL GO FAR FORUMS

• Bottom Line–Massachusetts launched a three part BOTTOM LINE COO GREG JOHNSON AND Regional Go Far Forums were held in Boston, Worcester Community Discussion Series engaging our community THE COLLEGE BOARD’S STEVE COLÓN and New York. The Go Far Forums bring together students, AT THE 2015 NCAN CONFERENCE partners from higher education, Boston Public Schools, employers, corporations, and volunteers to help our students and uAspire to talk about topics including admissions with mock interviews, career conversations, and obtaining a trends and bridge programs, college affordability, and paid internship or job. Here’s a snapshot of participation: “summer melt”. New York: January 7, 2016 Attendance: Students: 110 | Volunteers: 80

• Bottom Line–New York brought together nearly 100 Boston: January 10, 2016 Attendance: Students: 307 | Volunteers: 233 STUDENTS LEARN ABOUT thought leaders, nonprofit supporters, and journalists for CAREER OPTIONS AT a panel discussion on the implications of college choice Worcester: January 12, 2016 BOTTOM LINE–WORCESTER’S GO FAR FORUM for low-income, first-generation students. Panelists Attendance: Students: 78 | Volunteers: 53 included University of Pittsburgh professor Lindsay Page, CUNY Chancellor James B. Milliken, Bottom Line CEO Virgil Jones, and NY Times bestselling author Frank Bruni. BOTTOM LINE–MASSACHUSETTS DIRECTOR OF COMMUNITY ENGAGEMENT CINQUÉ DUNHAM-CARSON LEADS A COMMUNITY DISCUSSION • Bottom Line–Chicago staff joined former Illinois Governor Pat Quinn and hundreds of community Top Alumni Employers members, students, and college representatives to rally Bottom Line Arbella Insurance in support of Monetary Award Program (MAP) grant Enterprise funding. The MAP grant provides critical funding to Alumni: Beth Israel Deaconess Medical Center Granite Communications Illinois students with financial need who are attending Boston Children’s Hospital Liberty Mutual college in the state. Where Are Boston University College Advising Corps Massachusetts General Hospital They Now? Brigham & Women’s Hospital State Street Corporation • Bottom Line–Massachusetts became one of five Cognizant nonprofits to partner with State Street Corporation’s Stop & Shop Boston Workforce Investment Network (Boston WINs) CVS Health Sun Life Financial with a shared goal of preparing more Boston youth for BOTTOM LINE–NEW YORK’S PANEL DISCUSSION Dana Farber Cancer Institute Target 21st century careers, expanding Boston’s young, thriving ON THE IMPLICATIONS OF COLLEGE CHOICE Deloitte talent pool, and promoting economic mobility.

10 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 11 RECOGNITION OF LEADERSHIP

WE ARE SO GRATEFUL FOR OUR NATIONAL AND REGIONAL LEADERSHIP Bottom Line relies on the talents and expertise of dedicated groups of individuals who lead our efforts in fulfillment of our mission. We thank the following Board Members for their leadership.

NATIONAL Susie Roberts, The Belgrade Group Patricia Forts, Kevin Wood, Education Consultant Ruthanne Russell, Hill Holliday Harvard Pilgrim Health Care Parvin Zawahir, Established in 2012 Dave Sanford, WinterWyman Chris Gaturu, EMC Corporation New York Methodist Hospital CEO Virgil J. Jones. Jr. Michele Scavongelli, Ifrad Islam, Reliant Medical Group Lisa Zhu, Spring Inc. Board of Directors The EdLaw Project AiVi Nguyen, Kevin E. Connolly, State Street, Chair Linda St. John, Bowditch & Dewey LLP CHICAGO LSJ Leadership Coaching Jacqueline Peterson, Established in 2014 John E. Bachman, Retired, PwC Kirk Taylor, Prescient Medicine College of the Holy Cross Executive Director: Chris Broughton Bob Ballard, Scholarship America Francis Wanjau, Board of Visitors Paul Busby, Walmart UMass Memorial Health Care Regional Board Brad Couri, CFI Partners* Mark Buckley, New Leaf Paper, Brad Couri, CFI Partners, Chair Paul Garcia, General Electric Co-Chair NEW YORK Louisa Holland, Sudler & Hennessey* Dawn Perry, Ahold U.S.A., Co-Chair Jody Boutell, The Pritzker Traubert Established in 2011 Virgil J. Jones, Jr., Bottom Line Family Foundation Danya Abrams, Insurance and Executive Director: Ruth Genn Michel Paul, Retired, Peter Bowen, Bain & Company Financial Services LLC Johnson & Johnson Regional Board Pat Eskew, IBM Jim Benson, Retired Honorable Patti Saris, Tim Hanlon, FTI Consulting Fred Clark, Louisa Holland, US District Judge Dezra Jackson, Mayo Clinic Bridgewater State University Sudler & Hennessey, Chair Dave Terry, Archway Health Advisors Levoyd Robinson, CFI Partners Molly Conway, Pioneer Investments Barbara Thomas, SouthEast Bank Sarah Binder, PianoPiano LLC Lisa Scruggs, Duane Morris, LLP Paul Francisco, Mike Volo, Cammack Sheryl Colyer, Pfizer Jonathan Skinner, William Blair State Street Corporation Retirement Group* Mitch Danzig, Jon Van Gorp, Mayer Brown Robert Gittens Harold R. Wilde, Retired, Solo Technology Holdings, LLC Harold Wilde, Retired, Nicole Greene, DST Systems North Central College Elias Farhat, North Central College Rob Horrobin, John Hancock Candriam Investors Group *Chairs of Bottom Line Regional Boards Emerging Leaders Council James Hunter, Morgan Stanley Derrick Johnson, BlackRock Wealth Management MASSACHUSETTS Sarah Landy, Viacom Andrès Baltazar, Denise Kaigler, MDK Branding John MacPhee, The Jed Foundation Northwestern Mutual Founded 1997 by Dave Borgal, Saravanan Karuppusamy, Chitra Narasimhan Cesar Dominguez, Illinois Network Chief Program Officer, Bottom Line Ernst & Young William Oplinger, Alcoa of Charter Schools Executive Director: Justin Strasburger Kathy Larkin, Keystone Partners Andre Garcia, PNT Financial 3 Regional Sites: Jamaica Plain, Robert Shepler, Stroz Friedberg Gloria Larson, Bentley University Edgar Gonzalez*, Worcester, and Dorchester Leslie Sillcox, Tortora Sillcox Allyson Murphy, Sodexo Family Foundation Nuveen Investments Massachusetts Regional Board Tim Murray, Worcester Regional Hope Woodhouse Jasmin Jenkins, Chamber of Commerce Mike Volo, Cammack Retirement John Vaske, Northwestern University Richard Pierre, BCG Group, Chair Temasek Holdings Limited School of Law Marcy Reed, National Grid Jessica Zoob, Morgan Stanley Scott Koenning, Cynthia Barnhart, Massachusetts Robert Robertson, Honeywell Northwestern University Associate Board Institute of Technology Laura Sen, BJ’s Kylee Lacson, The Jacobson Group Mark Buckley, New Leaf Paper Rich Shea, John Hancock Mark LaGratta, Merrill Lynch, Chair Amanda McKenzie, Christal Fenton-Fortes, Financial Services Deloitte & Touche, LLP Jonathan Braun, Victor Group Ascensus College Savings Mark Stein, Tico Group Cynthia Panganiban, Michael Crook, UBS Emerson Foster, Sodexo Colleen Trinh, Liberty Mutual Publicis Health Media Nikki Ettore, InTouch + Maia Germain, Kevin Turner, Therese Stoch*, Life&Style Magazines State Street Corporation Massachusetts Port Authority Gerchen Keller Capital, LLC Kyle Fitzgerald, H.I.G. Capital Jack Kennedy, MassMutual Janice Van Ummersen, Malaika Tyson*, Lauren Fox, Leader & Berkon, LLP Leslee Kiley, Hill Holliday Blue Cross Blue Shield of MA McAndrews, Held and Malloy Jean-Pierre Jacquet, Mike MacNaught, Connie Walkingshaw, Retired Jessie Waller*, Mayer Brown Berkeley Carroll School MFS Investment Management Bill Weld, ML Strategies Chris Wheat, City of Chicago Dan Levy, Jefferies LLC Pat Meservey, Stacy Zabrin, William Blair Worcester Advisory Board Angelica Nikolausson, Salem State University *member of the ELC Executive Board Quincy Miller, Eastern Bank Linda St. John, Greentech Capital Advisors Sara Moreno, Jennison Associates LSJ Leadership Coaching, Chair Maryanne Paul, Viola Morse, Brandeis University Sullivan & Cromwell LLP Barry Bilzerian, Mike Palladino, Abhiram Rajendran, Hygrade Business Group Cove Key Management Tammy Bui, EMC Corporation Dawn Perry, Ahold U.S.A. Mason Rippey, HighBrook Investors Vickie Cox-Lanyon, Clark University Mike Refojo, Carli Roth, Viacom CECIALINA GRAHAM John Desmond, Bank of America RBC Global Asset Management Akiko Takahashi, Bottom Line–New York Access Graduate Gayle Falvey, HG Vora Capital Management The Hanover Insurance Group

12 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 13 DONOR ACKNOWLEDGMENT DONOR ACKNOWLEDGMENT

OUR STUDENTS GO FAR BECAUSE OF YOU General Catalyst Partners Blue Stone Energy Goldman Sachs Boston Capital Bottom Line could not serve its students, manage its programs, train its staff, nor contribute to the field of college success Goodwin Proctor LLP Boston Children’s Hospital without the generous support of donors like you. We are grateful for your giving during the during our 2015–2016 year. Greenhill & Co., LLC Bob Boudreau Carlton Guthrie Bowditch & Dewey, LLP Hartford Foundation Bridgewater State University $500,000+ Mitchell and Allison Danzig for Public Giving Bullhorn Deutsche Bank Americas Foundation Joele Frank David & Denise Bunning ECMC Foundation Epic Foundation MULTI-YEAR GIFT APPRECIATION John Hancock Paul D. Busby The Boston Foundation Google Community Grants Fund Jenjo Foundation The Charles and Margaret Clark Charles Hayden Foundation Bottom Line would like to thank the following donors of the Tides Foundation The Kraft Group Family Charitable Fund Robin Hood Foundation Ipsos Foundation with active multi-year commitments to support our work. Eva and Arthur Landy ClearBridge Investments Tiger Foundation Jeffrey Leiden, M.D., Ph.D. Leerink Partners Mary W. B. Curtis Trust USA Funds MB Financial Charitable Foundation $4,000,000+ LSNE CVS Health James C. Melvin Trust Mike MacNaught and Pam Miles Scott and Kim David $100,000 – $249,999 State Street Foundation, 4 year commitment Nypro, a Jabil Company The MacPhee Family Denise DeAmore and Karen Libby EVENT CHAIR DR. JEFFREY LEIDEN AND BOSTON The A.R.K. Foundation & The Nypro Foundation MassMutual Financial Group Delta Dental of Massachusetts $2,500,000 – $3,999,999 HONOREE MAYOR MARTY WALSH WITH Jeffrey H. and Shari L. Aronson James O’Donnell Jim McKeone Democracy Prep BOTTOM LINE–MASSACHUSETTS STUDENTS Family Foundation The Osa Foundation Lewis Family Foundation, 5 year commitment McKinsey & Company Digitas The Baupost Group, LCC The O’Shea Family Foundation Judy Meelia Eaton Vance The Commonwealth of Pinnacle Leadership Foundation $1,000,000 – $2,499,999 Mintz, Levin, Cohn, Ferris, John and Andra Ehrenkranz Massachusetts The Pritzker Traubert Glovsky, and Popeo, P.C. Esther Farkas and Brandon Gardner Michael and Susan Dell Foundation, 3 year commitment The Heckscher Foundation Family Foundation Morgan Stanley David and Willa Fawer CELEBRATING SUCCESS IN MASSACHUSETTS Richard and Susan Smith Family Foundation, 5 year commitment for Children Putnam Investments Viola and Richard Morse The Fletcher Foundation Richard and Susan Smith Bottom Line would like to thank the more than 850 attendees that State of New York Higher Education Robert Reynolds Chitra Narasimhan Forester Community Education Fund John and Amy S. Berylson and James Berylson joined us at the 11th Annual Get In, Graduate and Go Far Dinner Services Corporation RGK Foundation and Anoop Dhakad Tom Freston Robert Katz and Elizabeth Berylson Katz Invest for Kids Royal Bank of Canada Global Asset Michael Nichol The George F. and Sybil H. on April 6th! Guests, along with nearly 150 sponsors, contributed Jonathan Block and Jennifer Berylson Block The Janey Fund Charitable Trust Management, Capital Markets, Nicholas B. Ottaway Foundation Fuller Foundation Robert and Dana Smith more than $1.3 million in support of Bottom Line’s mission. Thank JPMorgan Chase Foundation and Wealth Management Pfizer Foundation Chris Gabrieli Debra S. Knez, Jessica Knez and Andrew Knez you for your generosity! Michael and Susan Dell Foundation Schrafft Charitable Trust The Poses Family Foundation Guy Carpenter Tortora Sillcox Family Foundation, 5 year commitment State Street Corporation Shawn Carter Foundation PricewaterhouseCoopers Hall Capital Partners LLC We are tremendously grateful for the leadership of our Event and Foundation Marjorie Cohen Stanzler $500,000 – $999,999 Andrew Rafal and Leslie Alkalay Hamersley Partners, LLC Chair, Dr. Jeffrey Leiden, and the partnership of our honoree, Vertex Pharmaceuticals and Paul E. Stanzler Red Sox Foundation Timothy Hanlon Mayor Martin J. Walsh. Sun Life Financial ECMC Foundation, 2 year commitment Michael and Christy Refojo The Hanover Insurance $50,000 – $99,999 Yawkey Foundation The Carroll and Milton Petrie Foundation, 3 year commitment Ropes & Gray LLP Group Foundation The Price Family Foundation, Inc., 2 year commitment Salem State University Harvard Pilgrim Health Care HONOREE Alcoa Foundation $10,000 – $24,999 Sanofi Genzyme Heidrick & Struggles J.E. and Z.B. Butler Foundation The Honorable Martin J. Walsh $250,000 – $499,999 Scherck Charitable Foundation Hill Holliday Capital One Foundation Anonymous (2) The Seabury Foundation Hoche-Scofield Foundation, Mayor, City of Boston Finnegan Family Foundation The Advocator Group A Better Chicago, 3 year commitment Robert Shepler and Elizabeth Hepper Bank of America, N.A., Trustee Great Lakes Higher Education Ascensus College Savings Altman Foundation, 2 year commitment The Siragusa Foundation Claudia Holland and Richard Crane Guaranty Corporation Jeb and Sally Bachman The Cosette Charitable Fund, 3 year commitment Jonathan Skinner Louisa Holland and Stephen Rinehart Legg Mason Charitable Foundation Bank of America College Completion Innovation Fund, 3 year commitment Sodexo The Howell Family Maverick Capital Foundation Charitable Foundation Klarman Family Foundation, 3 year commitment Speh Family Foundation Charitable Foundation The Mayer & Morris Kaplan James Benson Anonymous Donor, Administered by The Philanthropic Initiative, Student Sponsor Partners Insurance Industry Family Foundation Bentley University 3 year commitment Bill and Cheryl Swanson Charitable Foundation Richard Meelia BlackRock Stop & Shop Our Family Foundation, 5 year commitment Rachel O’Connell Sudler & Hennessey The Children’s Aid Society Catherine Jefferson MFS Investment Management Bloomberg L.P. USA Funds, 2 year commitment William Oplinger Suffolk University Wesley and Rosemarie Thompson Derrick and Tina Johnson & Subsidiaries Blue Cross Blue Shield Optical Phusion Inc WCI Realty Properties TIAA-CREF Bruce Jones The George H. and Jane A. Mifflin of Massachusetts $100,000 – $249,999 Partners Healthcare & Kevin Walker UMass Foundation JPMorgan Chase Memorial Fund BNY Mellon People’s United Jim and Lori Sylvia Laura and John Arnold Foundation, 3 year commitment Valerie Valdes Larry Kanter and Shelly London National Grid The Boston Consulting Group Community Foundation Santander Bank Foundation The Crown Family, 2 year commitment WinterWyman Leslee and Tom Kiley Robert R. McCormick Foundation Peter Bowen The Pine River Foundation The TJX Foundation EPIC Foundation, 3 year commitment Hope Woodhouse and Richard Canty Liz King Stop & Shop New England The Bozzuto Group and Research Foundation of Tolt Solutions, Inc. David Freudberg, 5 year commitment Jessica Zoob and Rob Donahue David Landy and Judy Krusell Suffolk Construction Southside Investment Partners The City University of New York Transamerican Life Insurance Co. Jewish Foundation for Education of Women, 2 year commitment Legg Mason, Inc. Summer Search Bronx Center for Science Rodman Ride for Kids UMass Boston Liberty Mutual Foundation, 2 year commitment $5,000 – $9,999 Marsh & McLennan Community John Vaske and Mathematics Rx Foundation Viacom Social Venture Partners, 3 year commitment Connections Foundation Young Women’s Leadership Network Citizens Bank Anonymous Michele and Peter Scavongelli Louis Vigden Michael and Sally McNamara – CollegeBound Initiative Kevin and Jane Connolly Arbella Insurance Group Howard and Debbie Schiller Frederick E. Weber Mercer Human Resource Consulting Costco Delaware Life EMC Corporation Paul and Edith Babson Foundation ScriptEd Charities Corporation Merck $25,000 – $49,999 The Couri Family Foundation Double S Management Eversource Energy Baltic Trail Engineering Laura Sen Anne Welch William Meury Mark and Borbala Cox DRW Trading Martha and Scott Farrell Cindy Barnhart-Baribeau Sherin and Lodgen LLP Dr. Harold Wilde Amelia Peabody Foundation Sara Moreno Josephine and Louise DTZ, A UGL Company E. Marla Felcher, Ph.D, and Mark Baribeau Marc and Mary Ellen Smith William Blair & Co. Brigham & Women’s Hospital Jeff and Andrea Nadolney Crane Foundation Eastern Bank Charitable Foundation and Max H. Bazerman, Ph.D John and Mary Ann Begley Staples Wintrust Bank The Brinson Foundation NCAN Dana Farber Cancer Institute Ruth H. and Warren A. Fidelity Investments Beverly Bank & Trust Fredericka and Howard Stevenson Worcester Polytechnic Institute Center for Family Life Nellie Mae Education Foundation Deloitte Services LP Ellsworth Foundation FM Facility Maintenance Sarah Binder and Punit Mehta The Stoddard Charitable Trust Zebra Technologies The City College of New York Newmark Grubb Knight Frank Edwin and Kate Birtwell 14 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 15 DONOR ACKNOWLEDGMENT DONOR ACKNOWLEDGMENT

$1,000 – $4,999 Thomas and Michelle Davis Kathryn Lakin Larry and Philippa Portnoy Kristin DeSousa Sarah Landy Property Resources Corporation Anonymous (4) Direct Energy Peter Lasky Prospect 33 501 Partners Judith Anne Donahue Michael Laub Manjari Raman AEW Capital Management and Bruce Lafranchi Sharon Lawrence Tim and Gia Ramza Ameresco DSF Advisors William LeCompte Robert and Susan Reece Arnold’s Meat Food Products, Inc. Steven Duncan Arthur and Susan Leeds Marcy Reed Mohit Assomull Joseph and Brittany Dursi Nancy Lehrer Jennifer Reid Lenna Bablouzian Durst Family Foundation Mary Lewis Kelly Reilly Rajeev and Rachna Balikrishna East Harlem Tutorial Program Lewis-Sebring Family Foundation Reliant Medical Group Timothy Bancroft Education Equity, Inc. Carey Lifschultz Breanna Richards BankUnited EF Education First Lowell Lifschultz Mason Rippey Lori Baronian Alex Ehrlich Linda Novak Memorial Foundation Kathryn Rippey Bay State Savings Bank Deborah and Vernon Ellinger Tal and Dana Litvin Susan Roberts Kerri and Chuck Bean, III Enterprise Holdings LSJ Leadership Coaching Steve Robins and Drake and Maria Behrakis Patrick Eskew Jennifer and Scott Madden Lauren Spagnola-Robins Jonathan Belt E*Trade Timothy Mahoney Adam and Rachel Robison The Benevity Community FRAN CASHMAN, JOHN MACPHEE AND EUSA – Academic Stefania Mallett The Rogers Foundation Impact Fund NEW YORK EXECUTIVE DIRECTOR RUTH GENN Internship Programs John and Fran Mannix Anne Romney BOTTOM LINE–CHICAGO AND NATIONAL STAFF Larry Bernstein WITH BOTTOM LINE–NEW YORK STUDENTS Nadine Farrell Peter and Valorie Markarian Todd Roof Gerard and Judy Binder Christal Fenton-Fortes Kay Marquet Steve Rosen Brian Blackburn Kyle Fitzgerald Drs. Owen and Eileen Mathieu Dennis and Gail Roth Jay Blackington Forest City Ratner Companies CELEBRATING SUCCESS IN NEW YORK McAndrews, Held, & Malloy, LTD William and Debra Roth CELEBRATING SUCCESS IN CHICAGO Eric Block Framingham State University Christina McCauley Ruthanne Russell Joshua Blosveren Bottom Line thanks the more than 400 attendees that joined us at Bottom Line would like to thank the 200 guests who attended Kelly Fredrickson Tim McCormick Bruce Sagan Boston Benefit Partners, LLC the 5th Annual Spring Reception on May 18th. Guests, along with our inaugural Get In, Graduate, and Go Far Luncheon on Friday, Haley Freeman Ken McCullum Saint-Gobain Abrasives Boston Globe Media Partners, LLC Claudia Freeman over 65 sponsors, contributed more than $600,000 in support of Lisa and John McGinn Dave Sanford May 13th! With the Chicago community’s support, we raised Boston Transit Group Chantal Frenette Bottom Line’s mission. Thank you for your tremendous generosity Diane McGrory Patti Saris and Arthur Segel $130,000 to support Bottom Line’s ambitious growth plan to Dan and Jessica Brierley Nick Galakatos Asheet Mehta John Scannell Timothy Brown and commitment to our work! serve nearly 700 local low-income, first-generation students Paul Garcia Hannah Mensch Jonathan D. Schiller John Buckley during 2016–2017, the Chicago region’s third year. Jenine Garrellick We appreciate the leadership of our Event Chairs, Bill Opplinger Stephen Meredith Schiller-Haskell Partners UBS Mark Buckley General Electric Foundation Michael Zenreich Architect, PC Priscilla Schwarzenbach Wayne Budd and John Vaske, and the support provided by our Event Vice We were thrilled to recognize Dr. Knowles’s tireless leadership Manny and Myra Genn Quincy Miller Thomas Seitz Bunker Hill Community College Chairs and Host Committee. in making college graduation a reality for all students. Under Gerchen Keller Capital Geoffrey Moodie Sentinel Investments C & S Wholesale Grocers Maia Germain Hee-Jung and John Moon John Seo Dr. Knowles’s thoughtful leadership, the Corrie Carrigan Julee Gianoulis HONOREES Alan Moore Dina and Mark Shapiro Urban Education Institute has distinguished itself as a national John Carroll Joan Goldberg Erik Moreno Rich Shea Catholic Big Brothers Big Sisters John MacPhee leader that empowers educators, policymakers, and families Bianca Gottesman Morgan Stanley Foundation Shook, Hardy & Bacon L.L.P. Stephanie Cave with the data, research, and resources they need to move Jeffrey Gould Executive Director/CEO Patrick and Meredith Mott Jill Sikoscow Century Bank Allen Gove The Jed Foundation Robyn Murgio Stacy Silk more students to and through high school and college. Brian Chaisson Peter Grape and Christopher Miller Simon Paston & Sons Agency Katherine and David Cheek William and Judith Greenblatt Allyson M. Murphy Scott Sipple HONOREE Chicago Athletic Association Hotel Rebecca Griffith Charles Murphy Brendan Smith Clinton Global Initiative Bill Hadge The New York Football Giants, Inc. Harry Smith Dr. Timothy Knowles Mitch and Cynthia Coddington The Francis A. and Jacquelyn H. New York Life Insurance Company Tracey and Michael Smith Chairman, University of Chicago Evan and Vita Cohen Harrington Foundation Nichols College Kirk and Nancy Smith Christopher Coleman Fran Cashman Urban Education Institute Sean Hendelman Andy Novak Paul Sohigian Lila Coleman Co-Head of US Sales Pritzker Director, UChicago Urban Labs Henry E. Niles Foundation Soren and Caroline Oberg Kevin Spahn College of the Holy Cross Julie and Jordan Hitch Legg Mason Global Asset Management John O’Donnell Linda St. John Commerce Bank Hoguet Newman Regal Murphy O’Flaherty Andrew Stager Jim and Barbara Conen & Kenney, LLP Chip O’Hare Edward J. Sullivan Russell Conn Arie and Elaine Hochberg OLI Systems Arthur O. Sulzberger, Jr. Molly Conway Allison Horne and Peter Riehl OneAmerica T. Rowe Price Trinity Financial Charitable Fund Wells Fargo Thomas Corcoran Robert Horrobin David and Kay O’Shaughnessy Julia and Celyn Takeda Christine Tryba-Cofrin Nina W. Werblow Charitable Trust Mark Corteil Ben Hoskins Tim Palmer Kirk Taylor and David Cofrin Barbara and Mark Wetzel Martin Courage Chris B. Howard Greg and Ginger Johnson David Keohane Neel Parekh David and Emily Terry Tufts University Christopher and Patricia A. Williams Thom and Tracy Cranley John A. Howell Johnson O’Hare Company KeyPoint Partners, LLC Kevin Parks The MENTOR Network Ultimate Medical Academy Winston & Strawn CRESA Partners Eric and Katherine Huang The Gerald R. Jordan Foundation KGI Properties James Parmentier Charitable Foundation UMass Medical School Rheeta Wise Michael Crook Richard and Margaret Hulit JPD Management Trust, Inc KimCo Realty Group and Elizabeth Fowler Barbara Thomas United Bank Foundation Susan and Robert Wislow CrossCountry Consulting Russ and Natalie Hutchinson Abhishek Kalra and Smita Jain Koester Family Fund People’s United Bank Tico Group United Way of Metropolitan Chicago Charitable Foundation Cushman & Wakefield Interpublic Group Jeffrey and Georgette Katuna David Korman PianoPiano LLC Neil Torres Rosa Velasquez Bill and Fidelma Woodley Edward Dadakis iRobot Jake Kemeny and Judith Kramer and Shari Brink PIMCO John Tosti Michael and Karen Volo Worcester State University Daiwa Capital Markets America Jay Jason Emily Frieze-Kemeny Mark and Emily LaGratta Pioneer Investments Totem Point Management, LLC Wanji Walcott Parvin Zawahir Kurt Dalton Jim and Kim Jessee Kenneth Vona Construction Roger J. and Constance LaGratta Robert Pittman and Vivian Genn Chris Tredway Connie Walkingshaw Michael Zoob Fred Harris Daniels Foundation William J. and Lia G. Poorvu Colleen Trinh Stanley Wasilauski Family Foundation

16 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 17 DONOR ACKNOWLEDGMENT 2015–2016 FINANCIAL STATEMENT RECOGNITION OF $500 – $999 Aashish Dhakad FORMER NATIONAL A SNAPSHOT OF OUR FINANCES Vincent Dowling Siisi Adu-Gyamfi Noah Drapacz BOARD CHAIR Bottom Line is proud to have a 4-star rating on Charity Advoqt DST Systems MARC E. SMITH Pushpa Agarwal Navigator and a Gold-Level Rating from Guidestar. Andrew Dunn Jessica Alfredo Erik and Julie Falk Thank you, Marc, for your To view our complete audited financials as well as our Program Services 73% American Century Investments Gayle Falvey Michael Amez four years of service as Form 990, please visit www.bottomline.org. Fundraising 18% Feed Resource Recovery Margaret Andrews Board Chair and over a Sally Fessler Administration 9% Bob Ballard The chart to the right shows the percentages we spend Robert F. Finnerty decade of support to Andres and Lisette Baltazar on Program Services, Fundraising, and Administration. Lauren Fox Becker College Bottom Line. Julie Frahm Allison and Jonathan Beer Christine Frederick Carol and Larry Begley Tanya Freeman Samir Bhatt David Freudberg STATEMENTS OF FINANCIAL POSITION * FY 2015 FY 2016 Elaine Boltz Lea Madry and James Herold Brandon K. Shankle Wes Fuller Boston Private Bank & Trust Co. Patricia Maguire Meservey Gabe Small Marquisa Gaines Cash and cash equivalents $2,884,939 $4,202,966 Boston Public Schools and Richard Meservey Leanne Smith Thomas Gibbs Richard Boutilier Thomas and Tammy Mandia Bob Sohigian Contributions receivable $2,772,440 $2,932,571 William Golden Jonathan Braun Ellen Martin SterlingBackcheck Stephanie Gonzalez Prepaid Expenses & other assets $71,393 $108,340 Briarwood Capital Partners Steve Maslaton Tarrab Lee Stern Google TOTAL CURRENT ASSETS $5,728,772 $7,243,877 Kurt Brockwell Massachusetts College of Pharmacy Marybeth Stewart Allan Grauer Ronn Bronzetti & Health Sciences Leanne Sutherland Property & Equipment $219,918 $260,153 Allison and Mauro Greco Tracey Brown Tim Maul Michael Szkodzinski Sarah Greenhill OTHER ASSETS $1,007,272 $717,491 Jessica Buchner Colin McArdle Target Whitney and Anne Griffith Michael Burker John McBride Teach for America TOTAL ASSETS $6,955,962 $8,221,501 James and Marianne Hayes Nancy Busk Steve McKay Tek Systems Honora Heavey Sarah Butter Kevin McLellan Fern Thomas Current liabilities $158,000 $623,725 Michael and Tiffany Herklots Charles Byrne Drew Millard Elaine Twitchell Deborah Hicks-McGovern Deferred rent $167,925 $187,586 Brian Carosielli Carl Mills Malaika Tyson David Hoffman Marshall Carter Jason and Kristen Mingelgreen Vinfen Net Assets $6,630,037 $7,410,190 Devon Holland Trevor Casey Divya Minisandram Walmart Roger Horn Stefanie Cavanaugh Deborah Montgomery Khadijah Watkins TOTAL LIABILITIES AND NET ASSETS $6,955,962 $8,221,501 Shion Ishikura Tim Cawley Victoria Moskowitz Wellesley Village Church Christopher Jacob Anddie Chan-Patera and Lee Glickenhaus Ulla Christina West Maria Jacobs Michelle Chasin Brendan Murray Alan Weston STATEMENTS OF ACTIVITIES ** FY 2015 FY 2016 Jean-Pierre Jacquet Suzanne and Dean Christensen Saul Natansohn Karen White Paula Jennings REVENUE AND SUPPORT $7,765,617 $10,686,839 Daniel Clark Patricia Neuwirth Charitable Fund Mary Wood Tina Jurman Shari and Steve Coats Robert Nichols Program Services $5,659,046 $7,260,642 Karl Stewart Taylor Jr. and Sons Rob Cohen David Nigliazzo Charitable Fund If we have inadvertently made an error Administration $676,312 $859,025 Janet and Garth Collins Kenneth and Laura Nordstrom Mark Kaye in recognition, please contact Jed Smith, The Charitable Giving Card Dawn Oates Fundraising $999,558 $1,787,019 Kathryn Kearney National Director of Development Program of The Community Chris O’Brien Michael and Laura Keene Operations, at [email protected]. EXPENSES $7,334,916 $9,906,686 Foundation of Middle Tennessee Family O’Hare Peter Kelly and Roma Razdan Donna Conforti Richard O’Malley, Jr. Change in net assets $430,701 $780,153 Marisa Kelly Brandon and Katie Conovitz Hence Orme Siobhan Kelly Net assets, beginning of year $6,199,336 $6,630,037 Courtney Corleto Rose and Jon Ostrow John Kettlewell Peter Cory and Maxine Creanza Michael Pascutti Cynthia Kim NET ASSETS, END OF YEAR $6,630,037 $7,410,190 Peter Couri Robert Quaintance, Jr. Adam Kirby Phillip Couri Marshall Rafal Richard Kolb Kevin Cox Scott and Patricia Ragusa Aaron and Hannah Kranich STATEMENTS OF CASH FLOWS ** FY 2015 FY 2016 Wayne and Debbie Craig Abhiram Rajendran Emilie Lara Angelica Crane-Dosik Ranesh Ramanathan Net cash provided by operating activities $(364,288) $1,665,316 Dave Larson Credit Suisse Kathryn Ramey Watkins Debra Laverne Matthews Purchase of property and equipment $(32,626) $(347,289) Christina Crespo Susan Ready Leader & Berkon, LLP Jim Cronin Ron Reber Net increase in cash $(396,914) $1,318,027 Kyle Legg Michael and Peg Culhane Tony Rivers Jason Lehman Cash & cash equivalents, beginning of year $3,281,853 $2,884,939 Kari and Brian Culhane Ben and Melanie Robbins David Leinheardt Sarah Curtis Rob Rogers Dan and Marcia Levy CASH END OF YEAR $2,884,939 $4,202,966 Mark Daigle Thomas Rose Robert Lewin Sabina Daley Deaton Theresa Rosen David Lewis The 2015 financial statements have been restated to correct for the following: Christopher B. Daly Carli Roth Amanda Lifschultz · $1 million in grant revenue receivable recorded in FY15 was more accurately recorded in FY16. and Anne K. Fishel Lisa Rubinstein Kim Littlefield · $413,046 of net assets previously reported as temporarily restricted should have been reported as released from restriction. Paul DeFronzo David Russell Mark Macomber Al and Peggy Dematteis Jennifer Rutley * June 30, 2016 & 2015 ** For the time periods from July 1, 2015 – June 30, 2016 & July 1, 2014 – June 30, 2015 Ian Madover Family Foundation Edward Scheuermann

18 Bottom Line 2015–2016 Annual Report: A Year of Results Bottom Line 2015–2016 Annual Report: A Year of Results 19 Get in. Graduate. BOSTON CHICAGO NEW YORK Go far. WORCESTER

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