2022-04-14T08:26:55-05:00 2021-06-30 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2020-07-01 432003552 COLLEGE FORWARD COLL 5124524800 1023 SPRINGDALE ROAD BUILDING 15 AUSTIN TX 78721 AUSTIN BUCHAN CEO 5124524800 2022-03-15 1 AUSTIN BUCHAN 999009999 SEAN HOLCOMB P01249221 5123703200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X AUSTIN BUCHAN 1023 SPRINGDALE ROAD BUILDING 15 AUSTIN TX 78721 4050534 0 X WWW.COLLEGEFORWARD.ORG X 2003 TX PROVIDE COLLEGE PREPARATORY AND RETENTION SERVICES TO LOW INCOME STUDENTS. X 8 8 129 8 0 0 2028643 3105519 1165240 944694 0 0 6518 321 3200401 4050534 0 0 0 0 3041708 3030014 0 0 532778 1391778 1570944 4433486 4600958 -1233085 -550424 2433160 0 1882736 0 550424 0 X COLLEGE FORWARD PROVIDES COLLEGE PREPARATORY AND RETENTION SERVICES TOMOTIVATED ECONOMICALLY CHALLENGED STUDENTS IN ORDER TO FACILITATETHEIR TRANSITION TO COLLEGE AND TO MAKE THE PROCESS MORE EXCITING ANDREWARDING. 0 1 3427137 945015 COLLEGE FORWARD PROVIDES COLLEGE PREPARATORY AND RETENTION SERVICES TOMOTIVATED ECONOMICALLY CHALLENGED STUDENTS IN ORDER TO FACILITATETHEIR TRANSITION TO COLLEGE AND TO MAKE THE PROCESS MORE EXCITING ANDREWARDING.IN MAY 2021, THE ORGANIZATION ENTERED INTO AN AGREEMENT AND PLAN OF MERGER WITH COLLEGE POSSIBLE, A MINNESOTA NONPROFIT CORPORATION. COLLEGE POSSIBLE'S MISSION IS TO MAKE COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR LOW-INCOME STUDENTS IN THE UNITED STATES THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. EFFECTIVE JULY 1, 2021, COLLEGE POSSIBLE ACQUIRED ALL OF THE ORGANIZATION'S ASSETS AND LIABILITIES. 3427137 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 20 0 129 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X CARL SEARLES 5126810228 1023 SPRINGDALE ROAD BUILDING 15 AUSTIN TX 78721 CAROL MCDONALD BOARD MEMBER 0.30 X 0 0 0 TODD PENNER FINANCE COMMITTEE MEMBER 0.30 X 0 0 0 NIRAV SHAH BOARD MEMBER 0.30 X 0 0 0 DOREEN WISE DEVELOPMENT COMMITTEE CHAI 0.30 X 0 0 0 RICHARD TAGLE BOARD CHAIR 0.30 X X 0 0 0 JENN STARR BOARD MEMBER 0.30 X 0 0 0 STEPHANIE VERDUGO FINANCE COMMITTEE MEMBER 0.30 X 0 0 0 AUSTIN BUCHAN CHIEF EXECUTIVE OFFICER 40.00 X 120561 0 6095 120561 0 6095 1 0 0 0 0 1185566 1919953 1291347 3105519 CONTRACT REVENUE 900099 944694 944694 944694 OTHER INCOME 900099 321 321 321 4050534 945015 0 0 126656 98341 14507 13808 2659317 2064805 304598 289914 22494 17291 3688 1515 221547 172018 25376 24153 680 680 27518 27518 270430 142043 66049 62338 5817 4408 907 502 53814 39876 8505 5433 33708 24681 3925 5102 295776 229736 36138 29902 893 676 144 73 1480 1137 243 100 17562 17562 47792 39202 6167 2423 413691 302176 63841 47674 SUBSCRIPTIONS 179974 121802 25976 32196 MISCELLANEOUS 86161 65294 13436 7431 BUSINESS EXPENSES 78655 60463 12895 5297 BAD DEBT/WRITE OFFS 37569 28469 5859 3241 19424 14719 3029 1676 4600958 3427137 641043 532778 1467825 0 0 559352 0 138088 0 0 0 0 0 49617 0 0 139790 0 0 0 0 0 78488 0 2433160 0 195186 109938 1577612 1882736 0 X -1047507 0 1597931 0 550424 0 2433160 0 -550424 0 X X 0 1 X 1 0 X 4293643 1401029 3253452 2028643 3105519 14082286 4293643 1401029 3253452 2028643 3105519 14082286 2772501 11309785 8197 19463 4624 6518 321 39123 14121409 5723220 0.80090 0.76260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2759187 0 2759187 1291347 1291347 4050534 4600958 0 4600958 0 4600958 PART XI, LINE 4B - OTHER ADJUSTMENTS: INHERENT CONTRIBUTION FROM MERGER WITH COLLEGE POSSIBLE ON JULY 1, 2021 1,291,347. X INHERENT CONTRIBUTION OF ASSETS NET OF ASSOCIATED LIABILITIES IN MERGE 1 1291347 BOOK VALUE 0 0 0 CASH, RECEIVABLES, FIXED ASSETS, PREPAIDS AND OTHER ASSETS NET OF ASSOCIATED LIABILITIES 2021-06-30 1291347 BOOK VALUE 411968798 COLLEGE POSSIBLE 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 501(C)(3) 1 1 0 0 1 0 0 0 0 PART I, LINE 2E: PERSON(S) INVOLVED: DOREEN WISE, AUSTIN BUCHAN PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DOREEN WISE, BOARD MEMBER OF COLLEGE FOWARD, WILL BECOME A BOARD MEMBER OF COLLEGE POSSIBLE. AUSTIN BUCHAN, CURRENT OFFICER OF COLLEGE FORWARD, WILL BECOME AN EMPLOYEE OF COLLEGE POSSIBLE. FORM 990, PART III, LINE 3 IN MAY 2021, THE ORGANIZATION ENTERED INTO AN AGREEMENT AND PLAN OF MERGER WITH COLLEGE POSSIBLE, A MINNESOTA NONPROFIT CORPORATION. COLLEGE POSSIBLE'S MISSION IS TO MAKE COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR LOW-INCOME STUDENTS IN THE UNITED STATES THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT. EFFECTIVE JULY 1, 2021, COLLEGE POSSIBLE ACQUIRED ALL OF THE ORGANIZATION'S ASSETS AND LIABILITIES, AND CERTAIN MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS (THE "BOARD") ARE THE COLLEGE POSSIBLE TEXAS SITE BOARD OF DIRECTORS. COLLEGE POSSIBLE DID NOT PAY ANY CONSIDERATION FOR THE ACQUISITION OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY SO LINE 8B IS NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO BEING PRESENTED TO THE FULL BOARD OF DIRECTORS FOR THEIR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CURRENTLY, EACH BOARD MEMBER IS REQUIRED TO FILE AND SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. THIS CONFLICT OF INTEREST STATEMENT IS THEN SUBMITTED TO MANAGEMENT FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S OVERSIGHT PROCESS AND ITS PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE DURING THE TAX YEAR.