2021-02-01T13:12:26-06:00 2020-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2019-07-01 411968798 COLLEGE POSSIBLE INC COLL 6512889455 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 CRAIG ROBINSON PRESIDENT 6512889455 2020-12-18 1 TROY MARINE CPA P00187863 4147775500 2020-12-18 2019 2022-09-23 18:48:47Z CRAIG ROBINSON 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 25365321 0 X WWW.COLLEGEPOSSIBLE.ORG X 1999 MN HELP STUDENTS FROM LOW INCOME BACKGROUNDS PREPARE FOR AND EARN ADMISSION TO COLLEGE AND GRADUATE. 14 13 775 167 0 0 18430727 24125726 545350 924000 88698 283649 1044 -4190 19065819 25329185 216790 368265 0 0 14753742 18058587 0 0 3656247 5399375 5678940 20369907 24105792 -1304088 1223393 13433633 23322692 1527309 9835265 11906324 13487427 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 16539266 368265 399000 FLAGSHIP: SEE SCHEDULE O. 1493813 525000 CATALYZE: SEE SCHEDULE O. 18033079 1 1 0 1 0 0 0 0 0 0 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 0 0 0 1 0 0 0 0 0 0 0 0 1 71 0 1 775 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 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 CA X X JON SCHWARTZ 6512889455 755 PRIOR AVENUE NORTH NO 210 SAINT PAUL MN 55104 JIM MCCORKELL CHIEF EXECUTIVE OFFICER/DIRECTOR 40.00 X X 313084 0 27677 LAURA LIU CHIEF OPERATING OFFICER 40.00 X 207982 0 23764 TRACI KIRTLEY CHIEF PROGRAM OFFICER 40.00 X 177210 0 22533 SARA DZIUK CHIEF ADVANCEMENT OFFICER 40.00 X 161824 0 22421 CRAIG ROBINSON PRESIDENT 40.00 X 140862 0 20312 JEN WEIKERT EXECUTIVE DIRECTOR OF PHL 40.00 X 133778 0 7578 KENDRA KROLIK SR. DIRECTOR AND GENERAL MANAGER, CATALYZE 40.00 X 131592 0 13858 CHRISTINE POORMAN EXECUTIVE DIRECTOR OF CHI 40.00 X 128413 0 14344 BONNIE CHRISTENSEN SR. DIRECTOR OF FINANCE 40.00 X 114680 0 15492 JASON SEIFERT CHIEF FINANCE AND OPERATIONS OFFICER 40.00 X 0 0 0 STEPHEN SMITH CHAIR 0.80 X X 0 0 0 MILLIE ACAMOVIC VICE CHAIR & TREASURER 0.80 X X 0 0 0 SHANNON BINS DIRECTOR 0.30 X 0 0 0 JOANNA BURLESON DIRECTOR 0.30 X 0 0 0 MARLENE IBSEN DIRECTOR 0.30 X 0 0 0 JEFF KUTASH DIRECTOR 0.30 X 0 0 0 ANDREA MOKROS DIRECTOR 0.30 X 0 0 0 AL FAN DIRECTOR 0.30 X 0 0 0 JOELLE MURCHISON DIRECTOR 0.30 X 0 0 0 SCOTT NELSON DIRECTOR 0.30 X 0 0 0 LORELLE ESPINOSA DIRECTOR 0.30 X 0 0 0 DEANNA SINGH DIRECTOR 0.30 X 0 0 0 JEFF TURNER DIRECTOR 0.30 X 0 0 0 1509425 0 167979 15 0 1 0 WHITEBOARD ADVISORS 4005 WASHINGTON AVE NW PO BOX 9535 WASHINGTON DC 200169997 MARKETING CONSULTANTS 124088 SSI INC DBA SPENCER STUART PO BOX 98991 CHICAGO IL 60693 EXECUTIVE SEARCH SERVICES 121275 2 173999 5452069 18499658 172736 24125726 CONSORTIUM FEES 611710 703000 703000 SERVICE FEES 611710 221000 221000 924000 283649 283649 21565 173999 36136 -14571 -14571 MISCELLANEOUS INCOME 900099 10381 10381 10381 25329185 924000 0 279459 368265 368265 863853 645400 85463 132990 14279292 10668320 1412681 2198291 425812 279253 55150 91409 1415925 1122383 110460 183082 1073705 809036 108971 155698 44068 44068 54043 54043 65000 65000 17815 17815 953118 351103 312601 289414 256896 51180 11080 194636 46281 41077 1958 3246 920046 816588 38931 64527 1228964 1090768 52003 86193 266440 219658 13322 33460 73932 61856 4424 7652 789 701 33 55 502654 446131 21270 35253 47746 42377 2020 3349 STAFF ACQUISITION & TRA 795277 665138 48971 81168 STUDENT SUPPORT COSTS 327959 327959 DUES AND SUBSCRIPTIONS 64428 25042 8632 30754 BANK CHARGES 12203 12203 1281 844 367 70 24105792 18033079 2416466 3656247 17416 2123464 4291677 5497191 4793871 335 1075490 337534 420863 3472604 2254788 1575660 1217816 3899449 11505559 13433633 23322692 1219564 1694750 7794466 307745 346049 1527309 9835265 X 5585181 6399151 6321143 7088276 11906324 13487427 13433633 23322692 1223393 357710 0 X X 0 1 X 1 1 1 X 11975202 17550033 19167435 18430727 24125726 91249123 11975202 17550033 19167435 18430727 24125726 91249123 10438814 80810309 22390 39660 92056 90421 283649 528176 7299 9692 10381 27372 91804671 2346766 0.88020 0.88720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME SCHEDULE A, PART II, COLUMN (A): THE ORGANIZATION FILED A SHORT PERIOD RETURN FOR THE 2015 FORM 990. THE INFORMATION IN COLUMN (A) IS FOR THE TEN-MONTH PERIOD SEPTEMBER 1, 2015 TO JUNE 30, 2016. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 65000 0 0 65000 0 PART II-B, LINE 1: COLLEGE POSSIBLE PAID ROGER J ARONSON, AN OUTSIDE CONSULTANT, $20,000 FOR LOBBYING IN FY20. THE ORGANIZATION ALSO PAID EBI PUBLIC AFFAIRS, AN OUTSIDE CONSULTANT, $15,000 FOR LOBBYING IN FY20. THE ORGANIZATION ALSO PAID WISCONSIN CAPITOL SOLUTIONS, AN OUTSIDE CONSULTANT, $30,000 FOR LOBBYING IN FY20. 869083 292972 576111 2603521 1961816 641705 1217816 DEFERRED COMPENSATION LIABILITY 66000 CAPITAL LEASE OBLIGATION 858 DEFERRED RENT LIABILITY 279191 346049 X 26720265 357710 997234 36136 1391080 25329185 0 25329185 25139162 997234 36136 1033370 24105792 0 24105792 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 2020 AND 2019, 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, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 36,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 36,136. CIRCLE OF IMPACT 140430 128078 12352 1326 9359 15025 3436 CHANGE THROUGH DEGREES 44029 36316 7713 1119 1 11105 9605 1500 4598 1273 195564 173999 21565 1326 9359 19623 5828 36136 -14571 1 DIRECT STUDENT AID 325 368247 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 0 0 0 1 0 1 0 0 0 JIM MCCORKELL CHIEF EXECUTIVE OFFICER/DIRECTOR 313084 0 0 0 0 0 16055 0 11622 0 340761 0 0 0 LAURA LIU CHIEF OPERATING OFFICER 194427 0 13555 0 0 0 12221 0 11543 0 231746 0 0 0 TRACI KIRTLEY CHIEF PROGRAM OFFICER 158204 0 19006 0 0 0 10911 0 11622 0 199743 0 0 0 SARA DZIUK CHIEF ADVANCEMENT OFFICER 145984 0 15840 0 0 0 10425 0 11996 0 184245 0 0 0 CRAIG ROBINSON PRESIDENT 125862 0 15000 0 0 0 4738 0 15574 0 161174 0 0 0 PART I, LINE 5 REVENUE IS ONE ELEMENT OF THE SLT BONUSES. PART I, LINE 6 NET EARNINGS IS ONE ELEMENT OF THE SLT BONUSES. X 14 107273 FMV X 34 6465 COST X OTHER SUPPLIES 8 37795 COST X SUPPLIES FOR FUNDRAISING EVENTS 43 15278 COST X STUDENT PRIZES 52 3094 COST X SCHOOL SUPPLIES 6 2832 COST 0 1 0 PART I, COLUMN (B): 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 INTENSIVE SUMMER BRIDGE SERVICES. 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. SUMMER MELT CAN BE CAUSED BY A NUMBER OF BARRIERS INCLUDING: UNEXPECTED FEES, LACK OF ACCESS TO THEIR PARENT'S TAX FORMS, UNCERTAINTY ABOUT COURSES, IMPOSTER SYNDROME AND FAMILIAL PRESSURE TO CHOOSE ANOTHER PATH. COLLEGE POSSIBLE'S SUMMER BRIDGE PROGRAMING GIVES STUDENTS ONE-ON-ONE SUPPORT AS PART OF A FOUR-HOUR WORKSHOP, AS WELL AS THE OPPORTUNITY FOR ADDITIONAL SERVICES AS NEEDED TO ENSURE THAT THEY COMPLETE ALL NECESSARY TASKS FOR SUCCESSFUL ENROLLMENT IN AND MATRICULATION TO COLLEGE. BY PROVIDING THIS CRITICAL TRANSITION PROGRAMMING, COLLEGE POSSIBLE HELPS STUDENTS STAY FIRMLY ON THE PATH TO COLLEGE MATRICULATION. 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. 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, 2020 ARE AS FOLLOWS: HIGH SCHOOL STUDENTS SERVED: 5,000 COLLEGE STUDENTS SERVED: 10,700 SPECIAL INITIATIVES NAVIGATE COLLEGE POSSIBLE CONTINUALLY STRIVES TO IMPROVE AND EXPAND OUR PROGRAMING. IN RESPONSE TO THE NEEDS IN AREAS OUTSIDE OF THE METROPOLITAN AREAS WHERE WE ARE BASED, WE ARE IMPLEMENTING A TECH-CONNECTED MODEL FOCUSED ON IMPROVING ACHIEVEMENT OF STUDENTS FROM LOW-INCOME BACKGROUNDS, IN GEOGRAPHICALLY UNDERSERVED AREAS. AFTER A TWO-YEAR PILOT IN MINNESOTA, SIMILAR PROGRAMING HAS BEEN IMPLEMENTED IN OREGON AND WISCONSIN. RURAL COMMUNITIES AND NONMETROPOLITAN AREAS ACROSS THE U.S. ARE NOT IDENTICAL, AND THE SOLUTIONS TO INCREASED COLLEGE ACCESS MUST BE ADAPTABLE. IN MINNESOTA, WE HAVE IMPLEMENTED A PURELY TECH-CONNECTED COACHING MODEL, IN WHICH COACHES ENGAGE SELECTED STUDENTS THROUGH EMAIL, TEXT, SOCIAL MEDIA, DISCUSSION BOARDS AND VIRTUAL WORKSHOPS. IN OREGON AND WISCONSIN, EACH SITE HAS DEVELOPED A SPECIFIC BLEND OF STRATEGIES FOR STUDENT ENGAGEMENT, UTILIZING BOTH TRADITIONAL IN-PERS+B24ON, NEAR-PEER COACHING METHOD AND TECH-CONNECTED APPROACHES. COLLEGE POSSIBLE COACHES TRAVEL TO EACH PARTNER SCHOOL TO MEET IN-PERSON WITH A COHORT OF STUDENTS AND ALSO MEET VIRTUALLY WITH EACH STUDENT. STUDENTS SERVED: 570 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: 2,700 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 2019-2020 PROGRAM YEAR WE PARTNERED WITH A TOTAL OF NINE 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. DATA FROM THE FIRST TWO YEARS OF CATALYZE HAVE SHOWN PROMISING RESULTS: CATALYZE STUDENTS AT PARTNER INSTITUTIONS HAVE SHOWN A 12% INCREASE IN ANNUAL RETENTION RATES COMPARED TO THE OVERALL PELL-ELIGIBLE POPULATION ON THE CAMPUS, AND CATALYZE STUDENTS HAVE A FALL-TO-FALL PERSISTENCE RATE OF 76%. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE FINANCE MANAGER AND INTERIM 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 PRESIDENT 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 PRESIDENT (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 2016) TO DETERMINE THE MARKET RATE FOR THE CEO'S COMPENSATION. ANNUALLY, THE HUMAN RESOURCES (HR) COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPARABLE COMPENSATION DATA FOR NONPROFIT CEO'S/EXECUTIVE DIRECTORS AS WELL AS PRE-DETERMINED PERFORMANCE METRICS FOR THE ORGANIZATION'S CEO. 1. FOLLOWING THE 2016 MARKET RATE STUDY, THE CEO'S BASE SALARY INCREASES FOR 2017-2019 WERE DETERMINED BY ASSESSING PERFORMANCE AGAINST ANNUAL GOALS THAT WERE SET BY MUTUAL AGREEMENT BETWEEN THE CEO AND THE HR COMMITTEE, COMPARING THE SALARY AGAINST THE MARKET RATE DATA ('AGED' BY 3% EACH YEAR), AND THEN THE HR COMMITTEE USED DISCRETION TO CHOOSE AN INCREASE. 2. THE BOARD OF DIRECTORS APPROVED A SALARY INCREASE FOR THE CEO TAKING EFFECT AT THE END OF NOVEMBER, 2019. 3. THE DOCUMENTATION OF THE PROCESS INCLUDED AN OUTLINE OF ACTIONS REQUIRED BY THE HR COMMITTEE, MATERIALS/SPREADSHEETS USED BY THE COMMITTEE TO MAKE THE DECISIONS, AND E-MAIL INSTRUCTION FROM THE CHAIR OF THE HR COMMITTEE TO THE COO CONVEYING THE RESULTS OF THE BOARD VOTE. THE PRESIDENT'S COMPENSATION IS RECOMMENDED BY AN OUTSIDE CONSULTING FIRM AND A BOARD HIRING COMMITTEE, ASSESSED AGAINST MARKET RATES, AND THEN APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION ALSO USES AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE MARKET RATE FOR THE COO AND CPO COMPENSATION PACKAGES. 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 XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS FOR THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR.