2019-01-15T08:27:55-06:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2017-07-01 411968798 COLLEGE POSSIBLE INC COLL 6512889455 755 PRIOR AVENUE NORTH NO 200 SAINT PAUL MN 55104 JIM MCCORKELL CEO 6512889455 2018-12-20 1 LAWRENCE H MOHR CPA P00447603 6128764500 38.88.188.75 2018-12-20 13:25:43 CS P 8E7B4B2323D592AC89F362C47B54D669E291C402 2519A5C6D4FE43330A9B665C55E2C286A0409372 2017 2019-02-21 02:37:17Z X JIM MCCORKELL 755 PRIOR AVENUE NORTH NO 200 SAINT PAUL MN 55104 19642605 0 X WWW.COLLEGEPOSSIBLE.ORG X 1999 MN TO HELP PROMISING YOUTH FROM LOW INCOME BACKGROUNDS PREPARE FOR AND EARN ADMISSION TO COLLEGE AND GRADUATE. 16 15 594 175 10346 7829 18924033 19167435 346725 345225 39667 91006 -12133 -29841 19298292 19573825 0 0 0 0 12241717 13763533 0 0 2434218 4149322 4936150 16391039 18699683 2907253 874142 13385051 14311022 1265453 1275936 12119598 13035086 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 13102124 0 325225 SEE SCHEDULE O. 1143252 0 20000 CATALYZE IS COLLEGE POSSIBLE'S NEW PARTNERSHIP STRATEGY AIMED AT BRINGING NEAR-PEER COACHING TO SIGNIFICANTLY MORE STUDENTS NATIONWIDE. THIS NEW APPROACH BUILDS THE CAPACITY OF COLLEGES AND UNIVERSITIES TO ADOPT AND INTEGRATE THE COLLEGE POSSIBLE MODEL INTO THEIR INFRASTRUCTURE TO BETTER SUPPORT EVERY LOW-INCOME OR FIRST-GENERATION STUDENT ON THEIR CAMPUS. DURING THE INITIAL PHASE (2016-17 ACADEMIC YEAR), WE PARTNERED WITH FOUR INSTITUTIONS AND CONTINUED TO OPERATE UNDER COLLEGE POSSIBLE'S DIRECT SERVICE MODEL. WE ALSO INVITED COLLEGE STUDENTS WHO DID NOT PARTICIPATE IN OUR HIGH SCHOOL PROGRAM TO JOIN COLLEGE POSSIBLE FOR THE FIRST TIME. THE OBJECTIVE WAS TO EVALUATE WHETHER OUR NEAR-PEER COACHING MODEL COULD BE JUST AS EFFECTIVE FOR THOSE WHO DID NOT HAVE THE HIGH SCHOOL PROGRAM EXPERIENCE. BEGINNING IN THE 2017-18 SCHOOL YEAR, WE MOVED TOWARDS THE FULL CATALYZE MODEL, WITH INSTITUTIONAL STAFF TAKING OWNERSHIP OVER KEY ELEMENTS OF THE PROGRAM. DURING 2016-17, FOUR INSTITUTIONS PARTICIPATED IN THE CATALYZE PROGRAM: AUGSBURG COLLEGE, THE COLLEGE OF SAINT BENEDICT, SAINT JOHN'S UNIVERSITY, AND SAINT CLOUD STATE UNIVERSITY (SCSU). OVER THE COURSE OF THE YEAR, EIGHT COACHES SERVED 294 NEWLY RECRUITED STUDENTS AND 483 STUDENTS RECRUITED INTO COLLEGE POSSIBLE DURING HIGH SCHOOL. EARLY DATE ANALYZED IN OCTOBER 2017 SHOWS THAT STUDENTS RECEIVING COLLEGE POSSIBLE SUPPORT HAVE AN ANNUAL RETENTION RATE HIGHER THAN THEIR PEERS BY ABOUT 8 PERCENT. IN SOME CASES, RETENTION RATES FOR COLLEGE POSSIBLE STUDENTS ARE EVEN HIGHER THAN THOSE OF THE GENERAL STUDENT BODY, LEVELING THE PLAYING FIELD ACROSS INCOME DIFFERENCES. IN 2017-18, WE ADDED THREE NEW CATALYZE PARTNERS: COE COLLEGE, LUTHER COLLEGE AND THE COLLEGE OF ARTS & SCIENCES AT THE UNIVERSITY OF CINCINNATI. 14245376 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 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 594 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 MN WI OR PA IL NY CT X X BONNIE CHRISTENSEN 6512889455 755 PRIOR AVENUE NORTH NO 200 SAINT PAUL MN 55104 LAURA GILLUND CHAIR 0.80 0.00 X X 0 0 0 STEPHEN SMITH VICE CHAIR 0.50 0.00 X X 0 0 0 MILLIE ACAMOVIC TREASURER 0.50 0.00 X X 0 0 0 JEFF BERSTEIN DIRECTOR 0.30 0.00 X 0 0 0 SHANNON BINS DIRECTOR 0.30 0.00 X 0 0 0 JOANNA BURLESON DIRECTOR 0.30 0.00 X 0 0 0 LORELLE ESPINOSA DIRECTOR 0.30 0.00 X 0 0 0 SARA GAVIN DIRECTOR 0.30 0.00 X 0 0 0 MARLENE IBSEN DIRECTOR 0.30 0.00 X 0 0 0 JEFF KUTASH DIRECTOR 0.30 0.00 X 0 0 0 ANDREA MOKROS DIRECTOR 0.30 0.00 X 0 0 0 JOELLE MURCHISON DIRECTOR 0.30 0.00 X 0 0 0 SCOTT NELSON DIRECTOR 0.30 0.00 X 0 0 0 DEANNA SINGH DIRECTOR 0.30 0.00 X 0 0 0 JEFF TURNER DIRECTOR 0.30 0.00 X 0 0 0 JIM MCCORKELL CHIEF EXECUTIVE OFFICER/DIRECTOR 40.00 0.00 X X 308398 0 31162 BONNIE CHRISTENSEN DIRECTOR OF FINANCE 40.00 0.00 X 94283 0 21905 LAURA LIU CHIEF OPERATING OFFICER 40.00 0.00 X 183527 0 31686 TRACI KIRTLEY CHIEF PROGRAM OFFICER 40.00 0.00 X 144095 0 24905 ERIN CAMPBELL VP OF SITE OPERATIONS 40.00 0.00 X 134048 0 11280 SARA DZIUK EXECUTIVE DIRECTOR OF MN 40.00 0.00 X 129648 0 28659 BETH GIESE SENIOR DIRECTOR OF EXTERNAL RELATIONS 40.00 0.00 X 135862 0 19969 KENDRA KROLIK SENIOR DIRECTOR AND GENERAL MANAGER 40.00 0.00 X 108752 0 14962 1238613 0 184528 12 0 1 0 0 284451 4384547 14498437 323491 19167435 CONSORTIUM FEES 611710 190975 190975 SERVICE FEES 611710 154250 154250 345225 92056 92056 1050 -1050 -1050 -1050 30590 284451 67730 -37140 -37140 MISCELLANEOUS INCOME 900099 7299 7299 7299 19573825 345225 0 61165 784309 235293 415684 133332 10608053 8478546 925809 1203698 320941 226455 40246 54240 1186331 955174 90101 141056 863899 668293 96603 99003 37288 37288 54060 54060 68500 68500 13782 13782 731221 349230 87830 294161 235332 35925 14370 185037 170990 63190 71808 35992 772567 700580 28795 43192 1029502 929146 42597 57759 451480 398333 14335 38812 98418 68931 5132 24355 6333 6333 343443 308128 14126 21189 44403 39837 2152 2414 STAFF ACQUISITION & TRA 527155 439847 55830 31478 STUDENT SUPPORT COSTS 348468 348468 TAXES 3208 3208 18699683 14245376 2020089 2434218 5807252 2042090 4348932 7224808 9703 26566 329220 348960 2240336 1230418 845232 1009918 2044712 3658680 13385051 14311022 990327 1148547 159257 58826 115869 68563 1265453 1275936 X 4921725 5243621 7197873 7791465 12119598 13035086 13385051 14311022 874142 41346 0 X X 0 1 X 1 1 1 X 9747298 9612846 11975202 17550033 19167435 68052814 9747298 9612846 11975202 17550033 19167435 68052814 6058862 61993952 30479 29184 22390 39660 92056 213769 7299 7299 68273882 0.90800 0.78000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME SCHEDULE A, PART II, COLUMN (C): THE ORGANIZATION FILED A SHORT PERIOD RETURN FOR THE 2015 FORM 990. THE INFORMATION IN COLUMN (C) IS FOR THE TEN-MONTH PERIOD SEPTEMBER 1, 2015 TO JUNE 30, 2016. 0 0 0 1 34250 0 0 1 34250 0 0 68500 0 PART II-B, LINE 1: COLLEGE POSSIBLE PAID ROGER J. ARONSON, AN OUTSIDE CONSULTANT, $20,000 FOR LOBBYING IN FY18. THE ORGANIZATION ALSO PAID EBI PUBLIC AFFAIRS, AN OUTSIDE CONSULTANT, $18,500 FOR LOBBYING IN FY18. THE ORGANIZATION ALSO PAID WISCONSIN CAPITOL SOLUTIONS, AN OUTSIDE CONSULTANT, $30,000 FOR LOBBYING IN FY18. 116402 78566 37836 2067392 1151852 915540 56542 56542 1009918 DEFERRED COMPENSATION LIABILITY 30000 CAPITAL LEASE OBLIGATION 17794 DEFERRED RENT LIABILITY 20769 68563 X 21411591 41346 1728690 67730 1837766 19573825 0 19573825 20496103 1728690 67730 1796420 18699683 0 18699683 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 2018 AND 2017, 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, 2018 AND 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 67,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSES 67,730. DREAM BIG 258413 235538 22875 1105 4391 34004 7690 SHAKING IT UP FOR STUDENTS 33271 30678 2593 474 995 4791 5111 1 23357 18235 5122 750 7794 625 315041 284451 30590 1579 6136 46589 13426 67730 -37140 X X X X X 0 0 0 1 0 1 0 0 0 JIM MCCORKELL CHIEF EXECUTIVE OFFICER/DIRECTOR 211927 0 78645 0 17826 0 12164 0 18998 0 339560 0 0 0 LAURA LIU CHIEF OPERATING OFFICER 156411 0 26246 0 870 0 11541 0 20145 0 215213 0 0 0 TRACI KIRTLEY CHIEF PROGRAM OFFICER 127522 0 15703 0 870 0 9824 0 15081 0 169000 0 0 0 SARA DZIUK EXECUTIVE DIRECTOR OF MN 112288 0 16490 0 870 0 8598 0 20061 0 158307 0 0 0 BETH GIESE SENIOR DIRECTOR OF EXTERNAL RELATION 117030 0 17837 0 995 0 5915 0 14054 0 155831 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 1 252152 FMV X 146 17359 COST X SUPPLIES FOR FUNDRAISING EVENTS 43 24849 COST X SCHOOL SUPPLIES 11 17035 COST X STUDENT PRIZES 107 12096 COST 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 4A: COLLEGE POSSIBLE PRODUCES UNMATCHED RESULTS: * HIGH SCHOOL JUNIORS HAVE RAISED THEIR ACT/SAT SCORES FROM THE BOTTOM 15TH PERCENTILE TO THE 46TH PERCENTILE OF TEST TAKERS, PUTTING COLLEGE ADMISSION WITHIN REACH. IN 2017-18, STUDENT ACT/SAT SCORES INCREASED 14 PERCENT. * 90 PERCENT OF 2017-18 HIGH SCHOOL SENIORS ENROLLED IN COLLEGE THE FALL IMMEDIATELY FOLLOWING HIGH SCHOOL GRADUATION, COMPARED TO 49 PERCENT FALL ENROLLMENT FOR ALL LOW-INCOME STUDENTS (NATIONAL CENTER FOR EDUCATION STATISTICS, 2013). 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. * STARTING ALL STUDENTS ON THE COLLEGE-GOING TRACK EARLY, COLLEGE POSSIBLE COACHES AND HIGH SCHOOL SENIORS DELIVER COLLEGE PREP TALKS FOR YOUNGER STUDENTS TO FOSTER EARLY COLLEGE PLANNING AND PREPARATION. * 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, 2018 AT COLLEGE POSSIBLE'S SIX FLAGSHIP SITES ARE AS FOLLOWS: MINNESOTA HIGH SCHOOL STUDENTS SERVED: 2,265 AREA HIGH SCHOOLS SERVED: 29 ACT SCORE INCREASE ACHIEVED BY JUNIORS: 24 PERCENT COLLEGE STUDENTS SERVED: 3,438 STUDENTS RENEWING FAFSA: 84 PERCENT GREATER MILWAUKEE, WI HIGH SCHOOL STUDENTS SERVED: 855 AREA HIGH SCHOOLS SERVED: 16 ACT SCORE INCREASE ACHIEVED BY JUNIORS: 14 PERCENT COLLEGE STUDENTS SERVED: 1,389 STUDENTS RENEWING FAFSA: 90 PERCENT GREATER OMAHA, NE HIGH SCHOOL STUDENTS SERVED: 743 AREA HIGH SCHOOLS SERVED: 10 ACT SCORE INCREASE ACHIEVED BY JUNIORS: 19 PERCENT COLLEGE STUDENTS SERVED: 1,326 STUDENTS RENEWING FAFSA: 86 PERCENT GREATER PORTLAND, OR HIGH SCHOOL STUDENTS SERVED: 550 AREA HIGH SCHOOLS SERVED: 6 ACT SCORE INCREASE ACHIEVED BY JUNIORS: 22 PERCENT COLLEGE STUDENTS SERVED: 653 STUDENTS RENEWING FAFSA: 87 PERCENT GREATER PHILADELPHIA, PA HIGH SCHOOL STUDENTS SERVED: 430 AREA HIGH SCHOOLS SERVED: 6 SAT SCORE INCREASE ACHIEVED BY JUNIORS: 3 PERCENT COLLEGE STUDENTS SERVED: 639 STUDENTS RENEWING FAFSA: 88 PERCENT GREATER CHICAGO, IL HIGH SCHOOL STUDENTS SERVED: 510 AREA HIGH SCHOOLS SERVED: 5 SAT SCORE INCREASE ACHIEVED BY JUNIORS: 7 PERCENT COLLEGE STUDENTS SERVED: 366 STUDENTS RENEWING FAFSA: 75 PERCENT PILOT PROGRAMMING: COLLEGE POINT HIGH SCHOOL STUDENTS SERVED: 4,576 TECH-CONNECTED HIGH SCHOOL PROGRAM - MN HIGH SCHOOL STUDENTS SERVED: 363 AREA HIGH SCHOOLS SERVED: 38 SENIORS ADMITTED TO COLLEGE: PERCENT STATEWIDE INITIATIVE PDX HIGH SCHOOL STUDENTS SERVED: 76 (JUNIORS) AREA HIGH SCHOOLS SERVED: 8 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE DIRECTOR OF FINANCE AND CHIEF EXECUTIVE OFFICER. THE BOARD WILL RECEIVE THE FORM 990 VIA E-MAIL. THE BOARD WILL REVIEW THE FORM 990 AND AUTHORIZE MANAGEMENT TO SIGN IT ON THE ORGANIZATION'S BEHALF. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO FILL OUT AN ANNUAL CONFLICT OF INTEREST FORM. EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM AS PART OF THEIR EMPLOYMENT WITH THE ORGANIZATION. BOARD FORMS ARE REVIEWED BY THE CEO INITIALLY, THEN BY THE BOARD OF DIRECTORS IF POTENTIAL CONFLICTS ARE IDENTIFIED. STAFF FORMS ARE REVIEWED BY THE DIRECTOR OF FINANCE INITIALLY, THEN BY THE COO AND CEO 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 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 AND 2018 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 IN OCTOBER, 2018, WHICH WILL TAKE EFFECT AT THE END OF NOVEMBER, 2018. 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 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.