2023-01-27T09:40:16-06:00 2022-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-07-01 411968798 COLLEGE POSSIBLE INC COLL 6512889455 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 CARL SEARLES CONTROLLER 6512889455 2023-01-18 1 CARL SEARLES XXX-XX-XXXX TROY MARINE CPA P00187863 4147775500 2023-01-18 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z AL FAN 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 31323954 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 12 813 294 0 0 24357470 28875422 944000 2144057 457707 183562 -57305 -1858 25701872 31201183 751705 927214 0 0 18234981 19870317 0 0 3483939 5057732 7036773 24044418 27834304 1657454 3366879 23436452 23283310 4790470 4198140 18645982 19085170 X COLLEGE POSSIBLE IS A 501(C)(3) NON-PROFIT TAX-EXEMPT ORGANIZATION MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR LOW-INCOME STUDENTS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. 1 0 17811927 613314 576966 FLAGSHIP: SEE SCHEDULE O. 1203296 717000 CATALYZE: SEE SCHEDULE O. 1552495 313900 COLLEGEPOINT: SEE SCHEDULE O. 813761 850091 COPILOT: COPILOT IS AN INDUSTRY-LEADING STUDENT INFORMATION SYSTEM PROVIDING STUDENT SUPPORT PROFESSIONALS/PRACTITIONERS WITH A 360-DEGREE VIEW OF THEIR STUDENTS. 813761 850091 21381479 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 813 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 MN WI OR PA IL NY CT OH IA WA TX X X JAMES NARR 6512889455 755 PRIOR AVENUE NORTH 210 SAINT PAUL MN 55104 X CRAIG ROBINSON CEO / DIRECTOR (THROUGH 05/2022) 40.00 X X 284898 0 18062 AL FAN INTERIM CEO (AS OF 06/2022) 0.30 X X 0 0 0 STEPHEN SMITH CHAIR (THROUGH 05/2022) 0.80 X X 0 0 0 JOANNA BURLESON VICE CHAIR/CHAIR 0.80 X X 0 0 0 DANIEL LUGO TREASURER 0.30 X X 0 0 0 NORM BONTJE DIRECTOR 0.30 X 0 0 0 DR DONNELL BUTLER DIRECTOR 0.30 X 0 0 0 MARLENE IBSEN DIRECTOR 0.30 X 0 0 0 DR FAYNEESE MILLER DIRECTOR 0.30 X 0 0 0 JEFF KUTASH DIRECTOR (THROUGH 06/2022) 0.30 X 0 0 0 ANDREA MOKROS DIRECTOR 0.30 X 0 0 0 JOELLE MURCHISON 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 DR DOREEN JAMES WISE DIRECTOR 0.30 X 0 0 0 ADAM WRAY DIRECTOR 0.30 X 0 0 0 JON SCHWARTZ SVP FINANCE AND OPERATIONS (THROUGH 05/2022) 40.00 X 172323 0 8463 LAVADA WILLIAMS SENIOR VP, PEOPLE & CULTURE 40.00 X 169675 0 17927 AUSTIN BUCHAN SENIOR VP, POGRAM & TECH INNOVATION 40.00 X 148075 0 6173 KELLIE SIGH VP. SITE LEADERSHIP 40.00 X 133079 0 21141 WILLIAM WESLEY WELLS INTERIM SENIOR VP, EXTERNAL RELATIONS 40.00 X 183476 0 0 JOANNA RAMIREZ SVP SITE OPS UNTIL LATE 2021, THEN MN ED 40.00 X 152300 0 18590 CHRISTINE POORMAN EXECUTIVE DIRECTOR OF CHI 40.00 X 143536 0 8697 ARVIN FRAZIER SENIOR EXECUTIVE DIRECTOR OF OMA 40.00 X 137471 0 14463 CATHERINE MARCIANO VICE PRESIDENT, PARTNERSHIPS 40.00 X 138362 0 13162 JIM MCCORKELL FORMER CHIEF EXECUTIVE OFFICER / FORMER DIRECTOR 0.00 X 281582 0 0 1944777 0 126678 17 1 1 0 BELLWEATHER EDUCATION PARTNERS 517 BOSTON POST ROAD 171 SUDBURY MA 01776 STRATEGIC PLANNING 186510 MIRROR MIRROR STRATEGIES 6009 DUBLIN CIRCLE MINNEAPOLIS MN 55439 ORGANIZATIONAL DEVELOPMENT 163000 WHITEBOARD ADVISORS 4005 WASHINGTON AVE NW PO BOX 9535 WASHINGTON DC 200169997 MARKETING CONSULTANTS 130591 ASPEN ROOT STRATEGY 2876 GENEVA ST DENVER CO 80238 EXECUTIVE COACHING 107667 4 1580851 7089271 20205300 260618 28875422 CONSORTIUM FEES 611710 940550 940550 COPILOT PARTNERSHIP FEES 611710 850091 850091 SERVICE FEES 611710 353416 353416 2144057 244798 244798 61236 -61236 -61236 -61236 23500 1580851 61535 -38035 -38035 EDUCATION DESIGN LAB 900099 25000 25000 MISCELLANEOUS INCOME 900099 11177 11177 36177 31201183 2144057 0 181704 927214 927214 979815 771781 89029 119005 15580675 12272598 1415705 1892372 434612 332942 38903 62767 1657366 1391537 101717 164112 1217849 965264 106718 145867 60725 60725 78634 78634 70500 70500 22288 22288 1998318 694094 729609 574615 192865 31596 -2645 163914 51993 47155 1851 2987 1282400 1163066 45662 73672 1372960 1245200 48886 78874 115436 115436 55351 51024 1656 2671 25000 22674 890 1436 407165 369276 14498 23391 73192 66381 2606 4205 STAFF ACQUISITION & TRA 746003 647470 37703 60830 STUDENT SUPPORT COSTS 375940 375940 DUES AND SUBSCRIPTIONS 84648 42324 42324 BANK CHARGES 16443 16443 6912 6267 248 397 27834304 21381479 2968886 3483939 1303035 1033702 2781124 3209174 3395064 3855925 1103185 2367362 508861 402553 3894144 3164474 904977 729670 13440206 11684924 23436452 23283310 1405290 1795584 3117999 1147176 0 1000000 267181 255380 4790470 4198140 X 10759267 9116812 7886715 9968358 18645982 19085170 23436452 23283310 X 3366879 -1578234 -1349457 X X 0 1 X 1 1 1 X 19167435 18430727 24125726 24357470 28875422 114956780 19167435 18430727 24125726 24357470 28875422 114956780 16876271 98080509 92056 90421 283649 265210 244798 976134 7299 9692 10381 1610 36177 65159 115998073 4902132 0.84550 0.84780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 70500 0 0 70500 0 PART II-B, LINE 1: COLLEGE POSSIBLE PAID ROGER J ARONSON, AN OUTSIDE CONSULTANT, $20,000 FOR LOBBYING IN FY22. THE ORGANIZATION ALSO PAID EBI PUBLIC AFFAIRS, AN OUTSIDE CONSULTANT, $16,500 FOR LOBBYING IN FY22. THE ORGANIZATION ALSO PAID WISCONSIN CAPITOL SOLUTIONS, AN OUTSIDE CONSULTANT, $25,000 FOR LOBBYING IN FY22. AND, THE ORGANIZATION PAID GRIST PUBLIC AFFAIRS AND LACEY STANAGE A TOTAL OF $9,000 IN FY22 FOR LOBBYING IN WA. 2695060 -397855 2297205 2453292 241768 2695060 0.00000 1.00000 0.00000 0 0 869082 441809 427273 3025062 2722665 302397 729670 DEFERRED RENT LIABILITY 255380 255380 X 29615071 -1578234 81980 -67570 -1563824 31178895 22288 22288 31201183 27955531 81980 61535 143515 27812016 22288 22288 27834304 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 2022 AND 2021, 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, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 61,535. ENDOWMENT CONTRIBUTIONS -129,105. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 61,535. RESULTS BY DEGREES 1361440 1348940 12500 4264 13294 12579 8381 DREAM BIG DINNER 234866 223866 11000 11234 9879 1391 4 8045 8045 200 313 1604351 1580851 23500 4264 24528 22658 10085 61535 -38035 1 DIRECT STUDENT AID 705 927213 PART I, LINE 2: COLLEGE POSSIBLE UTILIZES SALESFORCE TO MONITOR THE USE OF AWARDED DIRECT STUDENT AID. X 1 1 X X X X X X 0 0 0 1 0 1 0 0 0 CRAIG ROBINSON CEO / DIRECTOR (THROUGH 05/2022) 267988 0 0 0 16910 0 17972 0 90 0 302960 0 0 0 JIM MCCORKELL FORMER CHIEF EXECUTIVE OFFICER / FORMER DIRECTOR 256076 0 25506 0 0 0 0 0 0 0 281582 0 0 0 LAVADA WILLIAMS SENIOR VP, PEOPLE & CULTURE 159675 0 10000 0 0 0 5167 0 12760 0 187602 0 0 0 WILLIAM WESLEY WELLS INTERIM SENIOR VP, EXTERNAL RELATIONS 183476 0 0 0 0 0 0 0 0 0 183476 0 0 0 JON SCHWARTZ SVP FINANCE AND OPERATIONS (THROUGH 05/2022) 162323 0 10000 0 0 0 8373 0 90 0 180786 0 0 0 JOANNA RAMIREZ SVP SITE OPS UNTIL LATE 2021, THEN MN ED 142300 0 10000 0 0 0 8672 0 9918 0 170890 0 0 0 AUSTIN BUCHAN SENIOR VP, POGRAM & TECH INNOVATION 138075 0 10000 0 0 0 0 0 6173 0 154248 0 0 0 KELLIE SIGH VP. SITE LEADERSHIP 121829 0 11250 0 0 0 6775 0 14366 0 154220 0 0 0 CHRISTINE POORMAN EXECUTIVE DIRECTOR OF CHI 132158 0 11378 0 0 0 8607 0 90 0 152233 0 0 0 ARVIN FRAZIER SENIOR EXECUTIVE DIRECTOR OF OMA 126221 0 11250 0 0 0 8291 0 6172 0 151934 0 0 0 CATHERINE MARCIANO VICE PRESIDENT, PARTNERSHIPS 138362 0 0 0 0 0 7418 0 5744 0 151524 0 0 0 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. JIM MCCORKELL FORMER CEO 256076 EXECUTIVE CONSULTING CONTRACT PAYMENT 0 X 13 199738 NET SELLING PRICE X STUDENT LAPTOPS 4 54855 COST X STUDENT PRIZES 23 4994 COST X SCHOOL SUPPLIES 2 1031 COST 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 2 COPILOT: COPILOT IS AN INDUSTRY-LEADING STUDENT INFORMATION SYSTEM PROVIDING STUDENT SUPPORT PROFESSIONALS/PRACTITIONERS WITH A 360-DEGREE VIEW OF THEIR STUDENTS. 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. COACHES LEAD MULTIPLE SMALL GROUP SESSIONS PER WEEK, WITH 10-20 HIGH SCHOOL STUDENTS AT A TIME. TYPICALLY, THESE COACHES WILL SUPPORT 35-40 STUDENTS THROUGHOUT THE YEAR. OVER THE COURSE OF TWO YEARS, STUDENTS COMMIT TO PARTICIPATING IN AFTER-SCHOOL SESSIONS, COLLEGE FAIRS AND COLLEGE CAMPUS VISITS. THESE AFTER-SCHOOL SESSIONS ARE TWO HOURS EACH, TWICE PER WEEK, GIVING STUDENTS A CONSISTENT MEETING SCHEDULE THAT ALLOWS THEM TO BUILD A SUPPORTIVE PEER GROUP, A KEY FACTOR TO STUDENT ACADEMIC SUCCESS. 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 AND OREGON. IN ORDER TO FULFILL OUR MISSION, COLLEGE POSSIBLE FOCUSES ON: * IDENTIFYING LOW-INCOME STUDENTS WITH THE POTENTIAL FOR HIGHER EDUCATION. NATIONALLY, 240,000 LOW-INCOME HIGH SCHOOL STUDENTS GRADUATE FROM HIGH SCHOOL PREPARED FOR COLLEGE, BUT DON'T GO (GEORGETOWN UNIVERSITY CENTER ON EDUCATION AND THE WORKFORCE, 2013). 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, 2022 ARE AS FOLLOWS: HIGH SCHOOL STUDENTS SERVED: 4,481 COLLEGE STUDENTS SERVED: 14,259 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 2021-2022 PROGRAM YEAR WE PARTNERED WITH A TOTAL OF EIGHT INSTITUTIONS ACROSS SEVEN 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: 3,062 FORM 990, PART III, LINE 4C: COLLEGEPOINT: STUDENTS FROM LOW-INCOME BACKGROUNDS ARE OFTEN STEERED TOWARD LESS-DEMANDING COLLEGES, REGARDLESS OF THEIR QUALIFICATIONS. THIS UNDERMATCHING CAN RESULT IN LOWER GRADUATION RATES, AND, LONG-TERM, CAN HAVE SIGNIFICANT NEGATIVE IMPACTS ON ECONOMIC INEQUALITY. IN 2014, COLLEGE POSSIBLE WAS INVITED TO JOIN A COMMUNITY OF COLLEGE ACCESS ORGANIZATIONS CONVENED BY BLOOMBERG PHILANTHROPIES TO ADDRESS THIS CHALLENGE. THE COLLEGEPOINT TECH-CONNECTED COACHING MODEL WAS LAUNCHED WITH THE GOAL TO INCREASE THE NUMBER OF HIGH-ACHIEVING, LOW-AND MODERATE-INCOME STUDENTS WHO APPLY TO RIGOROUS, SELECTIVE SCHOOLS. COLLEGEPOINT STUDENTS SERVED: 2,201 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE CONTROLLER. 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. 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 CONTROLLER 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 15A THE CEO'S COMPENSATION IS DETERMINED ANNUALLY BY THE ORGANIZATION'S BOARD OF DIRECTORS. AN INDEPENDENT CONSULTANT IS HIRED REGULARLY (MOST RECENTLY IN 2021) 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 2021). 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 VII, SECTION A, LINE 1A: (2) JIM MCCORKELL - FORMER CHIEF EXECUTIVE OFFICER / FORMER DIRECTOR: THE TOTAL PAYMENT OF $281,582.83 WERE COMPRISED OF SIX MONTHLY PAYMENTS FOR GENERAL SUPPORT OF $42,679.41 (TOTAL OF $256,076.46) AND A BONUS PAYMENT OF $25,506.37. PER HIS CONSULTING AGREEMENT HE WOULD BE ELIGIBLE FOR THIS BONUS AT THE END OF HIS CONTRACT IF HE WAS ABLE TO ACHIEVE "MUTUALLY AGREEABLE FUNDRAISING PERFORMANCE METRICS TO BE ESTABLISHED BY YOU AND THE COMPANY WHICH SHALL INCLUDE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ENDOWMENT FUNDS -129,105. INHERENT CONTRIBUTIONS FROM COLLEGE FORWARD -1,220,352. 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.