2024-12-20T14:37:07-06:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-07-01 411968798 COLLEGE POSSIBLE INC COLL 6512889455 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 DR SIVA KUMARI CHIEF EXECUTIVE OFFICER 6512889455 2024-12-19 1 1 KAREN A GRIES P00078514 4147775500 2024-12-10 2023 2024-10-15 13:58:12Z DR SIVA KUMARI 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 39177216 0 X WWW.COLLEGEPOSSIBLE.ORG X 1999 MN COLLEGE POSSIBLE IS MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR STUDENTS FROM LOW-INCOME BACKGROUNDS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. 13 11 619 102 0 0 21962415 31600031 2233250 2686255 252476 276429 150850 -122544 24598991 34440171 692144 712518 0 0 20025667 24571958 0 0 4061189 7514987 6922191 28232798 32206667 -3633807 2233504 23563961 25651190 7518973 6687182 16044988 18964008 X COLLEGE POSSIBLE IS A 501(C)(3) NON-PROFIT TAX-EXEMPT ORGANIZATION MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR STUDENTS FROM LOW-INCOME BACKGROUNDS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. 1 0 17431995 712518 644150 FLAGSHIP: SEE SCHEDULE O. 1803802 0 1019930 CATALYZE: SEE SCHEDULE O. 874536 0 1016175 CO-PILOT: SEE SCHEDULE O. 4896012 0 6000 NATIONAL OFFICE SUPPORTS THE ENTIRE OPERATION. 4896012 0 6000 25006345 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 94 0 1 619 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA MN WI OR PA IL NY CT OH IA WA TX X X DAWN SCHNITKEY 6512889455 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 DR SIVA KUMARI CEO 40.00 X X 213281 0 7338 ALBERT FAN FORMER CEO, CHAIR 40.00 X X 113129 0 3646 JOANNA BURLESON FORMER CHAIR 0.30 X 0 0 0 DANIEL LUGO JD TREASURER 0.30 X 0 0 0 ANDREA MOKROS DIRECTOR 0.30 X 0 0 0 DR DONNELL BUTLER DIRECTOR 0.30 X 0 0 0 DR DOREEN JAMES WISE DIRECTOR 0.30 X 0 0 0 DR FAYNEESE MILLER DIRECTOR 0.30 X 0 0 0 DR JENNIFER RICKARD DIRECTOR 0.30 X 0 0 0 DR SUZANNE RIVERA DIRECTOR 0.30 X 0 0 0 JOELLE MURCHISON DIRECTOR 0.30 X 0 0 0 JULIO VARGAS-ESSEX DIRECTOR 0.30 X 0 0 0 MARLENE IBSEN DIRECTOR 0.30 X 0 0 0 STEPHEN RAGAN SVP OF EXTERNAL RELATIONS 40.00 X 195962 0 14932 LAVADA WILLIAMS SVP, PEOPLE AND CULTURE 40.00 X 177528 0 23263 AUSTIN BUCHAN SVP, PROGRAM & TECH INNOVATION 40.00 X 164881 0 19930 ARVIN FRAZIER SR EXECUTIVE DIRECTOR, OMAHA 40.00 X 138136 0 27021 KELLIE SIGH VICE PRESIDENT OF SITE LEADERSHIP 40.00 X 135851 0 27264 JAMES NARR SENIOR DIRECTOR, FINANCE 40.00 X 115351 0 29127 CARL SEARLES CONTROLLER 40.00 X 130477 0 13356 CHRISTINE POORMAN EXECUTIVE DIRECTOR, CHICAGO 40.00 X 137650 0 9944 SCOTT DEL ROSSI VP, COLLEGE & CAREER SUCCESS 40.00 X 132885 0 12873 JOHN TOMKINSON VP OF SITE LEADERSHIP 40.00 X 114369 0 26441 1769500 0 215135 26 0 1 0 NATIONAL STRATEGIES LLC 555 11TH ST NW STE 402 WASHINGTON DC 20004 STRATEGIC CONSULTING 190050 1 1197824 10373140 20029067 678565 31600031 CONSORTIUM FEES 611710 1288430 1288430 COPILOT PARTNERSHIP FE 611710 1016175 1016175 SERVICE FEES 611710 381650 381650 2686255 376429 376429 4500000 4600000 -100000 -100000 -100000 0 1197824 137045 -137045 -137045 MISCELLANEOUS INCOME 900099 14501 14501 14501 34440171 2686255 0 153885 712518 712518 1262160 986594 117057 158509 18716370 14630036 1735825 2350509 600137 453976 56846 89315 2385133 1980744 157278 247111 1608158 1251682 151587 204889 90090 90090 77397 77397 171000 171000 20867 20867 1478203 900119 288332 289752 324478 27324 8603 288551 45417 40486 1918 3013 1628082 1451309 68752 108021 1110298 989744 46887 73667 273037 273037 73923 67668 2433 3822 17941 15993 758 1190 279505 249157 11803 18545 128988 114983 5447 8558 STUDENT SUPPORT COSTS 549221 549221 STAFF TRAINING, MTGS, R 539309 488742 19667 30900 BAD DEBT 106749 95158 4508 7083 RECONCILIATION DISCREPA 6688 6688 998 891 41 66 32206667 25006345 3139133 4061189 1101191 1071290 499559 1284494 2604292 6323016 2510994 4624047 601201 734619 1814185 1223061 708599 591124 12396395 8725284 3141730 2297316 23563961 25651190 1725101 1333528 1524161 2225047 1000000 666667 3269711 2461940 7518973 6687182 X 7434965 5802083 8610023 13161925 16044988 18964008 23563961 25651190 X 2233504 157143 528373 X X 0 1 X 1 0 X 24125726 24357470 28875422 21987114 31600031 130945763 24125726 24357470 28875422 21987114 31600031 130945763 16037633 114908130 283649 265210 244798 255696 376429 1425782 10381 1610 36177 217625 14501 280294 132651839 8933237 0.86620 0.85740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 10,381. 2020 AMOUNT: $ 1,610. 2021 AMOUNT: $ 36,177. 2022 AMOUNT: $ 217,625. 2023 AMOUNT: $ 14,501. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 171000 0 0 171000 0 PART II-B, LINE 1: COLLEGE POSSIBLE: PAID ROGER J ARONSON, AN OUTSIDE CONSULTANT, $30,000 FOR LOBBYING IN FY24. THE ORGANIZATION ALSO PAID EBI PUBLIC AFFAIRS, AN OUTSIDE CONSULTANT, $16,500 FOR LOBBYING IN FY24. IN ADDITION, THE ORGANIZATION PAID NATIONAL STRATEGIES $124,500 FOR LOBBYIST SUPPORT PAYMENTS IN PENNSYLVANIA AND TEXAS. 2946203 100000 428373 100000 3374576 2565955 100000 280248 2946203 2695061 268750 -397856 2565955 2453292 241769 2695061 0.00000 1.00000 0.00000 0 0 694572 474953 219619 1119613 748108 371505 591124 RIGHT OF USE ASSETS 2297316 2297316 OPERATING LEASE LIABILITIES 2422266 DEFERRED COMPENSATION 39674 2461940 X 35665568 157143 423703 665418 1246264 34419304 20867 20867 34440171 32746548 423703 137045 560748 32185800 20867 20867 32206667 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT ACCOUNT IS A DONOR-RESTRICTED ACCOUNT CREATED FOR THE PURPOSE OF PROVIDING COLLEGE STUDENTS ENROLLED IN COLLEGE POSSIBLE PROGRAMMING WITH ACADEMIC SCHOLARSHIPS. PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A MINNESOTA NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON ANY NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. DURING FISCAL YEARS 2024 AND 2023, THE ORGANIZATION DID NOT EARN ANY INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES, IF SUCH INTEREST AND PENALTIES WERE INCURRED. THERE WAS NO SUCH LIABILITY AS OF JUNE 30, 2024 AND 2023. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 137,045. ENDOWMENT CONTRIBUTIONS 528,373. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 137,045. RESULTS BY DEGREES - CHI 765338 765338 400 10095 17719 633 1609 DREAM BIG DINNER 230830 230830 5517 1206 25265 1680 6 201656 201656 200 6398 23270 37387 3761 1905 1197824 1197824 600 11915 34571 80371 6074 3514 137045 -137045 1 DIRECT STUDENT AID 326 712518 PART I, LINE 2: COLLEGE POSSIBLE UTILIZES SALESFORCE TO MONITOR THE USE OF AWARDED DIRECT STUDENT AID. 1 X X X X X X 1 0 0 1 0 1 0 0 0 DR SIVA KUMARI CEO 183281 0 30000 0 0 0 7094 0 244 0 220619 0 0 0 STEPHEN RAGAN SVP OF EXTERNAL RELATIONS 167615 0 19000 0 9347 0 7220 0 7712 0 210894 0 0 0 LAVADA WILLIAMS SVP, PEOPLE AND CULTURE 177528 0 0 0 0 0 7676 0 15587 0 200791 0 0 0 AUSTIN BUCHAN SVP, PROGRAM & TECH INNOVATION 164881 0 0 0 0 0 2849 0 17081 0 184811 0 0 0 ARVIN FRAZIER SR EXECUTIVE DIRECTOR, OMAHA 126490 0 11646 0 0 0 9421 0 17600 0 165157 0 0 0 KELLIE SIGH VICE PRESIDENT OF SITE LEADERSHIP 118562 0 0 0 17289 0 9523 0 17741 0 163115 0 0 0 PART I, LINE 4A CRAIG ROBINSON RECEIVED SEVERANCE COMPENSATION OF $186,142 DURING THE YEAR. PART I, LINE 5 SLT BONUSES ARE DETERMINED BY A COMBINATION OF THE INDIVIDUAL'S OVERALL ANNUAL PERFORMANCE REVIEW AND FINANCIAL PERFORMANCE OF THE SITE. PART I, LINE 6 SLT BONUSES ARE DETERMINED BY A COMBINATION OF THE INDIVIDUAL'S OVERALL ANNUAL PERFORMANCE REVIEW AND FINANCIAL PERFORMANCE OF THE SITE. X 1 348667 FMV X 13 254864 NET SELLING PRICE X FUNDRAISING EVENT SUPPLIES 46 21514 COST X STUDENT LAPTOPS 3 4208 COST X STUDENT PRIZES 16 3668 COST X SCHOOL SUPPLIES 1 330 COST 0 0 1 0 FORM 990, PART III, LINE 2 COLLGE POSSIBLE STARTED A NEW PROGRAM CO-PILOT DURING FY2024. FORM 990, PART III, LINE 4A: COLLEGE POSSIBLE'S FLAGSHIP HIGH SCHOOL PROGRAMMING STARTS AT THE BEGINNING OF STUDENTS' JUNIOR YEAR. AMERICORPS SERVICE MEMBERS, CALLED COACHES, SERVE FULL-TIME AT THE HIGH SCHOOL. COACHES SERVE AS STUDENT MENTORS, RESOURCES AND ADVOCATES, BUILDING A CULTURE OF HIGH EXPECTATIONS IN WHICH STUDENTS EXCEL. EACH HIGH SCHOOL STUDENT HAS THE OPPORTUNITY TO RECEIVE A TOTAL OF 320 HOURS OF DIRECT INSTRUCTION. IN THEIR SENIOR YEAR, STUDENTS WORK WITH COACHES TO APPLY TO "BEST-FIT" SCHOOLS THAT FIT THEIR ACADEMIC, SOCIAL AND FINANCIAL NEEDS. STUDENTS ALSO WORK WITH COACHES TO APPLY FOR FINANCIAL AID THROUGH THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND BY COMPLETING SCHOLARSHIP APPLICATIONS. ONCE A SENIOR SELECTS THE SCHOOL THEY WILL ATTEND FOR THE FALL, THEY RECEIVE CONTINUED COACHING SUPPORT TO GUIDE THEM THROUGH THE COMPLEX ENROLLMENT PROCESS WHICH INCLUDES ACCEPTING AND MANAGING FINANCIAL AID PACKAGES, REGISTERING FOR CLASSES, AND DEVELOPING A HOUSING AND/OR TRANSPORTATION PLAN. AFTER HIGH SCHOOL GRADUATION, AMERICORPS COACHES HELP FOSTER OUR STUDENTS' SUCCESSFUL TRANSITION TO COLLEGE BY PROVIDING SUMMER BRIDGE SERVICES, WHICH IS INTENSIVE ONE-ON-ONE SUPPORT TO ENSURE THAT THEY COMPLETE ALL NECESSARY TASKS FOR SUCCESSFUL ENROLLMENT IN AND MATRICULATION TO COLLEGE. EXTERNAL DATA SIGNALS THAT, WHILE MANY STUDENTS INTEND TO GO TO COLLEGE, SOMETHING HAPPENS TO PREVENT THEM FROM ENROLLING IN COLLEGE ON TIME AND, OFTEN, AT ALL. THIS PHENOMENON, CALLED "SUMMER MELT", ESPECIALLY IMPACTS STUDENTS FROM LOW-INCOME BACKGROUNDS. AFTER HIGH SCHOOL, COLLEGE POSSIBLE CONTINUES TO SERVE OUR STUDENTS THROUGHOUT THEIR COLLEGE CAREER AS THEY WORK TOWARD GRADUATION AND WORKFORCE ENTRY. COLLEGE COACHES ARE HIGHLY TRAINED TO ASSIST WITH THE CHALLENGES STUDENTS FROM LOW-INCOME BACKGROUNDS FACE WHEN NAVIGATING HIGHER EDUCATION. THEY PROVIDE TARGETED, PROACTIVE SUPPORT TO FOSTER COLLEGE ENROLLMENT, PERSISTENCE AND GRADUATION BY ADDRESSING COMMON ACADEMIC, FINANCIAL AND CULTURAL BARRIERS TO STUDENTS' COLLEGE SUCCESS. COACHES CONTINUE TO WORK WITH STUDENTS THROUGH COLLEGE GRADUATION. NAVIGATE HIGH SCHOOL PROGRAMMING: IN RESPONSE TO THE NEEDS IN AREAS OUTSIDE OF THE METROPOLITAN AREAS WHERE WE ARE BASED, COLLEGE POSSIBLE ALSO OPERATES A TECH-CONNECTED MODEL FOCUSED ON IMPROVING ACHIEVEMENT OF STUDENTS FROM LOW-INCOME BACKGROUNDS, IN GEOGRAPHICALLY UNDERSERVED AREAS. COLLEGE POSSIBLE OPERATES THIS PROGRAMMING IN MINNESOTA, WISCONSIN, TEXAS, AND OREGON. IN ORDER TO FULFILL OUR MISSION, COLLEGE POSSIBLE FOCUSES ON: * IDENTIFYING LOW-INCOME STUDENTS WITH THE POTENTIAL FOR HIGHER EDUCATION. COLLEGE POSSIBLE SERVES LOW-INCOME STUDENTS WHO HAVE COLLEGE POTENTIAL BUT LACK THE TOOLS TO APPLY. * PROVIDING ACADEMIC SUPPORT FOR COLLEGE ACCESS AND SUCCESS. IN HIGH SCHOOL, INTENSIVE ACT/SAT TEST PREPARATION ENSURES THAT STUDENTS' SCORES REFLECT THEIR TRUE APTITUDE FOR HIGHER EDUCATION IN ORDER TO IMPROVE COLLEGE ADMISSION OPPORTUNITIES WHILE IMPROVING STUDENTS' ACADEMIC PREPARATION. ONCE IN COLLEGE, WE SUPPORT STUDENTS IN IDENTIFYING MAJORS, COURSES AND ACADEMIC SUPPORTS THAT WILL LEAD TO COLLEGE SUCCESS. * INCREASING STUDENTS' UNDERSTANDING OF THE ADMISSIONS PROCESS AND IMPROVING COLLEGE ADMISSION RATES. COLLEGE POSSIBLE PROVIDES INTENSIVE ADMISSIONS CONSULTING TO HELP STUDENTS COMPETE WITH THEIR MORE AFFLUENT PEERS, CHOOSE COLLEGES THAT ARE THE BEST FIT FOR THEM AND ENROLL IN THE COLLEGE OF THEIR CHOICE. * ENSURING FINANCIAL AID FOR STUDENTS. COLLEGE POSSIBLE HELPS STUDENTS IDENTIFY SCHOLARSHIPS, COMPLETE THE ANNUAL FINANCIAL AID PROCESS AND SECURE WORK-STUDY POSITIONS ON CAMPUS. STUDENTS ALSO RECEIVE FINANCIAL LITERACY EDUCATION TO HELP THEM MANAGE AND MAKE THE MOST OF THEIR FINANCIAL RESOURCES. * BUILDING AND SUSTAINING PEER NETWORKS TO PROVIDE SOCIAL AND CULTURAL SUPPORT. RESEARCH SHOWS THE IMPORTANCE OF PEER SUPPORT IN BOTH PREPARING FOR AND SUCCEEDING IN COLLEGE. COLLEGE POSSIBLE HELPS STUDENTS BUILD AND EXPAND SOCIAL NETWORKS TO PROVIDE THIS SUPPORT THROUGHOUT THEIR PURSUIT OF A COLLEGE DEGREE. * LEVERAGING EXISTING NETWORKS OF SUPPORT THROUGH COLLABORATIVE PARTNERSHIPS AND COMMUNITY OUTREACH, COLLEGE POSSIBLE WORKS CLOSELY WITH OTHER MENTORING AND ENRICHMENT PROGRAMS CREATING A PIPELINE OF SERVICES AND LIMITING DUPLICATION OF EFFORT. PROGRAM RESULTS FOR THE FISCAL YEAR ENDING JUNE 30, 2024 ARE AS FOLLOWS: HIGH SCHOOL STUDENTS SERVED: 4,000 COLLEGE STUDENTS SERVED: 21,000 FORM 990, PART III, LINE 4B: CATALYZE: CATALYZE BUILDS THE CAPACITY OF COLLEGES AND UNIVERSITIES TO ADOPT AND INTEGRATE COLLEGE POSSIBLE'S PROVEN COLLEGE COACHING MODEL INTO THEIR OWN INFRASTRUCTURE TO BETTER SUPPORT EVERY LOW-INCOME AND FIRST-GENERATION COLLEGE STUDENT ON CAMPUS, FROM MATRICULATION THROUGH GRADUATION. A CATALYZE PARTNERSHIP ALLOWS COLLEGES AND UNIVERSITIES TO TAILOR THE COLLEGE POSSIBLE MODEL TO MEET THEIR UNIQUE NEEDS. BY PARTNERING WITH COLLEGE POSSIBLE, CAMPUSES CAN ENHANCE THEIR SUPPORT SERVICES FOR STUDENTS FROM LOW-INCOME BACKGROUNDS AND CLOSE THE OPPORTUNITY GAP. IN 2016 WE STARTED PILOT PROGRAMS AT THREE UNIVERSITIES IN MINNESOTA. IN OUR 2022-2023 PROGRAM YEAR WE PARTNERED WITH A TOTAL OF TEN INSTITUTIONS ACROSS SIX STATES. EACH OF THESE INSTITUTIONS HOSTS ON-CAMPUS COACHES WHO SUPPORT COLLEGE STUDENTS, FROM LOW-INCOME BACKGROUNDS, WITH COLLEGE POSSIBLE'S TRIED-AND-TRUE CURRICULUM AND COACHING. CATALYZE STUDENTS SERVED: 5,700 FORM 990, PART III, LINE 4C: COPILOT: COPILOT IS AN INDUSTRY-LEADING STUDENT INFORMATION SYSTEM BUILT ON SALESFORCE THAT PROVIDES STUDENT SUPPORT PROFESSIONALS WITH 360-DEGREE INSIGHT INTO THE ACADEMIC, FINANCIAL AND SOCIAL WELL-BEING OF THEIR STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE SENIOR DIRECTOR OF FINANCE. THE BUDGET & OVERSIGHT COMMITTEE WILL RECEIVE THE FORM 990 AND REVIEW. THE COMMITTEE WILL VOTE TO AUTHORIZE MANAGEMENT TO SIGN IT ON THE ORGANIZATION'S BEHALF AT THE COMMITTEE MEETING. A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES REVIEW AND AGREE TO OUR CONFLICT OF INTEREST POLICY INCLUDED IN OUR EMPLOYEE HANDBOOK AT THE ONSET OF THEIR EMPLOYMENT. ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO FILL OUT AN ANNUAL CONFLICT OF INTEREST FORM. BOARD AND OFFICER FORMS ARE REVIEWED BY THE SENIOR DIRECTOR OF FINANCE INITIALLY, THEN BY THE CEO AND BOARD OF DIRECTORS IF POTENTIAL CONFLICTS ARE IDENTIFIED. PERSONS WITH IDENTIFIED CONFLICTS OF INTEREST ARE RECUSED FROM PARTICIPATION IN DECISIONS AFFECTED BY THE CONFLICT OF INTEREST. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXIST MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICT OF INTEREST IS FULLY DISCLOSED, 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION, 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS, AND 4. THE BOARD CHAIR OR A DULY CONSTITUTED COMMITTEE THEREOF HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE CEO (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD CHAIR OR THE BUDGET AND OVERSIGHT COMMITTEE. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR), WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO COLLEGE POSSIBLE. THE DECISION OF THE BOARD, OR THE DESIGNATED COMMITTEE, ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF COLLEGE POSSIBLE AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED ANNUALLY BY THE ORGANIZATION'S BOARD OF DIRECTORS. AN INDEPENDENT CONSULTANT IS HIRED REGULARLY (MOST RECENTLY HIRED IN 2023) TO DETERMINE THE MARKET RATE FOR THE CEO'S COMPENSATION. THE ORGANIZATION ALSO USES AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE MARKET RATE FOR ALL SVP COMPENSATION (MOST RECENTLY HIRED IN 2023). FORM 990, PART VI, SECTION C, LINE 19 THE AUDIT REPORT AND FORM 990 ARE AVAILABLE ON COLLEGE POSSIBLE'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ENDOWMENT FUNDS 528,373. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS FOR THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR.