To be eligible for participation in the Program, a nonprofit organization shall: Be located in the State; Have a contract or memorandum of understanding with a local school system or an institution of higher education or must establish one if one does not exist; and Demonstrate an equal match for funds requested. A nonprofit organization that receives funding through the Program shall: Submit data on outreach programs; Track student progress through the higher education system; and Submit annual reports to the Commission on or before October 1 following the fiscal year in which funds were received.