2022-01-10T12:58:12-06:00 2021-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2020-07-01 411968798 COLLEGE POSSIBLE INC COLL 6512889455 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 JON SCHWARTZ SVP, FINANCE AND OPERATIONS 6512889455 2021-12-21 1 JON SCHWARTZ XXX-XX-XXXX TROY MARINE CPA P00187863 4147775500 2021-12-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CRAIG ROBINSON 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 27589101 0 X WWW.COLLEGEPOSSIBLE.ORG X 1999 MN HELP STUDENTS FROM LOW INCOME BACKGROUNDS PREPARE FOR AND EARN ADMISSION TO COLLEGE AND GRADUATE. 11 10 764 291 0 0 24125726 24357470 924000 944000 283649 457707 -4190 -57305 25329185 25701872 368265 751705 0 0 18058587 18234981 0 0 3400979 5678940 5057732 24105792 24044418 1223393 1657454 23322692 23436452 9835265 4790470 13487427 18645982 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. 0 0 15074242 494108 423000 FLAGSHIP: SEE SCHEDULE O. 1799919 46597 521000 CATALYZE: SEE SCHEDULE O. 1474601 211000 COLLEGEPOINT: SEE SCHEDULE O. 18348762 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 64 0 1 764 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 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 X X JON SCHWARTZ 6512889455 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 AL FAN TREASURER 0.30 X X 0 0 0 JOANNA BURLESON VICE CHAIR 0.80 X X 0 0 0 MILLIE ACAMOVIC VICE CHAIR & TREASURER 0.30 X X 0 0 0 STEPHEN SMITH CHAIR 0.80 X X 0 0 0 ANDREA MOKROS DIRECTOR 0.30 X 0 0 0 DANIEL LUGO DIRECTOR 0.30 X 0 0 0 DEANNA SINGH DIRECTOR 0.30 X 0 0 0 DONNELL BUTLER DIRECTOR 0.30 X 0 0 0 JEFF KUTASH DIRECTOR 0.30 X 0 0 0 LORELLE ESPINOSA DIRECTOR 0.30 X 0 0 0 JOELLE MURCHISON DIRECTOR 0.30 X 0 0 0 MARLENE IBSEN DIRECTOR 0.30 X 0 0 0 CRAIG ROBINSON CHIEF EXECUTIVE OFFICER / DIRECTOR 40.00 X 325737 0 46168 BONNIE CHRISTENSEN SR. DIRECTOR OF FINANCE 40.00 X 82444 0 11205 JON SCHWARTZ SENIOR VP, FINANCE AND OPERATIONS 40.00 X 86592 0 2280 JASON SEIFERT CHIEF FINANCE AND OPERATIONS OFFICER 40.00 X 78669 0 2648 GUADALUPE TORRES EXECUTIVE DIRECTOR OF WA 40.00 X 165893 0 9392 CATHERINE MARCIANO VICE PRESIDENT, PARTNERSHIPS 40.00 X 146800 0 8973 CHRISTINE POORMAN EXECUTIVE DIRECTOR OF CHI 40.00 X 135006 0 8206 ARVIN FRAZIER SENIOR EXECUTIVE DIRECTOR OF OMA 40.00 X 128642 0 14127 GEOFFREY WILSON EXECUTIVE DIRECTOR OF MN 40.00 X 116944 0 24016 JIM MCCORKELL FORMER CHIEF EXECUTIVE OFFICER / FORMER DIRECTOR 0.00 X 508697 0 29047 SARA DZIUK FORMER CHIEF ADVANCEMENT OFFICER 0.00 X 167725 0 15985 TRACI KIRTLEY FORMER CHIEF PROGRAM OFFICER 0.00 X 127419 0 15428 2070568 0 187475 15 1 1 0 WHITEBOARD ADVISORS 4005 WASHINGTON AVE NW PO BOX 9535 WASHINGTON DC 200169997 MARKETING CONSULTANTS 122934 1 717739 6382113 17257618 103341 24357470 CONSORTIUM FEES 611710 726500 726500 SERVICE FEES 611710 217500 217500 944000 265210 265210 2020811 1828314 192497 192497 192497 0 717739 58915 -58915 -58915 MISCELLANEOUS INCOME 900099 1610 1610 1610 25701872 944000 0 400402 751705 751705 814432 617211 82320 114901 14231071 10784913 1438420 2007738 478183 334948 56380 86855 1537214 1243561 115587 178066 1174081 884931 120395 168755 114576 114576 53614 53614 69000 69000 20811 20811 1149215 591166 101425 456624 127748 33517 7666 86565 34781 31304 1369 2108 1028312 925520 40461 62331 1251170 1126101 49230 75839 8033 8033 8470 7262 703 505 30 27 1 2 455899 410327 17938 27634 54640 49178 2150 3312 STAFF ACQUISITION & TRA 399383 345495 21211 32677 STUDENT SUPPORT COSTS 211596 211596 DUES AND SUBSCRIPTIONS 56134 28067 28067 BANK CHARGES 14379 14379 -59 -59 24044418 18348762 2294677 3400979 17416 1303035 4291677 2781124 4793871 3395064 1075490 1103185 420863 508861 3615664 2710687 1217816 904977 11505559 13440206 23322692 23436452 1694750 1405290 7794466 3117999 346049 267181 9835265 4790470 X 6399151 10759267 7088276 7886715 13487427 18645982 23322692 23436452 X 1657454 806041 2695060 X X 0 1 X 1 1 1 X 17550033 19167435 18430727 24125726 24357470 103631391 17550033 19167435 18430727 24125726 24357470 103631391 15090668 88540723 39660 92056 90421 283649 265210 770996 7299 9692 10381 1610 28982 104431369 3104800 0.84780 0.88020 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 69000 0 0 69000 0 PART II-B, LINE 1: COLLEGE POSSIBLE PAID ROGER J ARONSON, AN OUTSIDE CONSULTANT, $30,000 FOR LOBBYING IN FY21. THE ORGANIZATION ALSO PAID EBI PUBLIC AFFAIRS, AN OUTSIDE CONSULTANT, 9,000 FOR LOBBYING IN FY21. THE ORGANIZATION ALSO PAID WISCONSIN CAPITOL SOLUTIONS, AN OUTSIDE CONSULTANT, $30,000 FOR LOBBYING IN FY21. 2453292 241768 2695060 1.00000 0 0 869083 388590 480493 2746581 2322097 424484 904977 DEFERRED RENT LIABILITY 267181 267181 X 29329992 806041 88913 2733166 3628120 25701872 0 25701872 24171437 88913 58915 147828 24023609 20811 -2 20809 24044418 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 2021 AND 2020, 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, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 58,915. ENDOWMENT CONTRIBUTIONS 2,674,251. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 58,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -2. RESULTS BY DEGREES 412145 412145 17042 DREAM BIG DINNER 205032 205032 25836 4 100562 100562 8820 150 7067 717739 717739 8820 150 49945 58915 -58915 1 DIRECT STUDENT AID 960 751705 PART I, LINE 2: COLLEGE POSSIBLE UTILIZES SALESFORCE TO MONITOR THE USE OF AWARDED DIRECT STUDENT AID. X X 1 1 X X X X X X 1 1 0 1 0 1 0 0 0 JIM MCCORKELL FORMER CHIEF EXECUTIVE OFFICER / FORMER DIRECTOR 164802 0 29000 0 314895 0 19981 0 9066 0 537744 0 0 0 CRAIG ROBINSON CHIEF EXECUTIVE OFFICER / DIRECTOR 297737 0 28000 0 0 0 16249 0 29919 0 371905 0 0 0 SARA DZIUK FORMER CHIEF ADVANCEMENT OFFICER 90510 0 18392 0 58823 0 7901 0 8084 0 183710 0 0 0 GUADALUPE TORRES EXECUTIVE DIRECTOR OF WA 132564 0 29373 0 3956 0 8909 0 483 0 175285 0 0 0 CATHERINE MARCIANO VICE PRESIDENT, PARTNERSHIPS 136800 0 10000 0 0 0 4038 0 4935 0 155773 0 0 0 TRACI KIRTLEY FORMER CHIEF PROGRAM OFFICER 85454 0 17855 0 24110 0 7734 0 7694 0 142847 0 0 0 BONNIE CHRISTENSEN SR. DIRECTOR OF FINANCE 63552 0 12850 0 6042 0 4567 0 6638 0 93649 0 0 0 JASON SEIFERT CHIEF FINANCE AND OPERATIONS OFFICER 74769 0 0 0 3900 0 2610 0 38 0 81317 0 0 0 PART I, LINES 4A-B LINE 4A: JIM MCCORKELL: $314,895.43 SARA DZIUK: $58,822.50 LINE 4B: JIM MCCORKELL PARTICIPATED IN THE 457(F) PLAN. JIM RECIEVED HIS SECOND TO LAST PAYOUT OF $16,500 ON 10/30/2020; JIM RECEIVED HIS LAST PAYOUT OF $49,500 ON 4/16/2021. 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 50000 EXECUTIVE CONSULTING CONTRACT PAYMENT 0 X 15 70028 FMV X SCHOOL SUPPLIES 4 17955 COST X SUPPLIES FOR FUNDRAISING EVENTS 26 10194 COST X STUDENT PRIZES 34 5164 COST 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS. 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, 2021 ARE AS FOLLOWS: HIGH SCHOOL STUDENTS SERVED: 4,659 COLLEGE STUDENTS SERVED: 9,970 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 2020-2021 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: 3,247 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: 3,579 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE SVP OF FINANCE AND OPERATIONS. 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 SVP OF FINANCE AND OPERATIONS 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 XI, LINE 9: CHANGE IN VALUE OF ENDOWMENT FUNDS 2,695,060. 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.