FURP.ORG / PUBLIC DATA EXPLORER

COLLEGE POSSIBLE: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
COLLEGE POSSIBLE (EIN 41-1968798)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-01-08
IRS object ID
201830089349300918
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-01-08T14:17:48-06:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450250958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eide Bailly LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 Nicollet Mall Ste 1300AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554027033ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411968798EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1College Possible IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLLBusinessNameControlTxt
Phone6512889455PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1540 Fairview Ave N No 304AddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55104ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJim McCorkellPersonNm
Person TitleCEOPersonTitleTxt
Phone6512889455PhoneNum
Signature2018-01-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDeb Nelson CPAPreparerPersonNm
PTINP01264758PTIN
Phone6122536500PhoneNum
Preparation2018-01-08PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address198.135.125.43IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-01-08IPDt
IP Tm14:17:15IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD8A1E5117AA53286D53F57459EBB2DE5C7CA50FCAtSubmissionCreationDeviceId
At Submission Filing Device IdC2F93E997884607275CF0BC09EAA2E8662D9DCFAAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJim McCorkellPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1540 Fairview Ave N No 304AddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55104ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$19,338,825GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.collegepossible.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTo help promising low-income youth prepare for and earn admission to college and graduate.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee512TotalEmployeeCnt
Total Volunteers154TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$11,975,202PYContributionsGrantsAmt
CY Contributions Grants$18,924,033CYContributionsGrantsAmt
PY Program Service Revenue$185,466PYProgramServiceRevenueAmt
CY Program Service Revenue$346,725CYProgramServiceRevenueAmt
PY Investment Income$22,390PYInvestmentIncomeAmt
CY Investment Income$39,667CYInvestmentIncomeAmt
PY Other Revenue$11,028PYOtherRevenueAmt
CY Other Revenue-$12,133CYOtherRevenueAmt
PY Total Revenue$12,194,086PYTotalRevenueAmt
CY Total Revenue$19,298,292CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,471,443PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,241,717CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,782,393CYTotalFundraisingExpenseAmt
PY Other Expenses$3,170,944PYOtherExpensesAmt
CY Other Expenses$4,149,322CYOtherExpensesAmt
PY Total Expenses$11,642,387PYTotalExpensesAmt
CY Total Expenses$16,391,039CYTotalExpensesAmt
PY Revenues Less Expenses$551,699PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,907,253CYRevenuesLessExpensesAmt
Total Assets BOY$10,863,993TotalAssetsBOYAmt
Total Assets EOY$13,385,051TotalAssetsEOYAmt
Total Liabilities BOY$1,681,069TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,265,453TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,182,924NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,119,598NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCollege Possible is a 501(c)(3) nonprofit making college admission and success possible for low-income students through an intensive curriculum of coaching and support.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,761,477ExpenseAmt
Grant$0GrantAmt
Revenue$346,725RevenueAmt
DescCollege Possible helps promising, low-income students become college graduates. In FY2017, College Possible served nearly 30,000 students; launched a new transformational growth approach called "Catalyze, and joined forces with major philanthropists across the country to continue to achieve stellar results for the students we serve. 98% of College Possible students earn admission to college. Our students are twice as likely to enroll in a four-year college compared to their low income peers, and about twice as likely to graduate once they get there. Overall, this ultimately makes our students FOUR TIMES as likely to earn a college degree as similar low-income students.Continued on Schedule O.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 2016-17, student ACT/SAT scores increased 24 percent.* 84.4 percent of 2017 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, 2017 at College Possible's six sites are as follows:Minnesota High school students served: 7,046Area high schools served: 26ACT score increase achieved by juniors: 27 percentSeniors admitted to college: 97 percentCollege students served: 3,341Students who immediately enroll in college: 83.7 percent (Class of 2017, as of 10.20.17)Students renewing FAFSA: 80 percentGreater Milwaukee, WI High school students served: 3051Area high schools served: 14ACT score increase achieved by juniors: 17 percentSeniors admitted to college: 98 percentCollege students served: 1,232Students who immediately enroll in college: 83.5 percent (Class of 2017, as of 10.20.17)Students renewing FAFSA: 91 percentGreater Omaha, NEHigh school students served: 2,569Area high schools served: 10ACT score increase achieved by juniors: 22 percentSeniors admitted to college: 99 percentCollege students served: 785Students who immediately enroll in college: 89.1 percent (Class of 2017, as of 10.20.17)Students renewing FAFSA: 93 percentGreater Portland, ORHigh school students served: 1,841Area high schools served: 6ACT score increase achieved by juniors: 25 percentSeniors admitted to college: 98 percentCollege students served: 479Students who immediately enroll in college: 84.6 percent (Class of 2017, as of 10.20.17)Students renewing FAFSA: 85 percentGreater Philadelphia, PAHigh school students served: 1,244Area high schools served: 8SAT score increase achieved by juniors: 24 percentSeniors Admitted to College: 98 percentStudents who immediately enroll in college: 84.2 percent (Class of 2017, as of 10.20.17)College students served: 476Students renewing FAFSA: 93 percentGreater Chicago, ILHigh school students served: 963Area high schools served: 5SAT score increase achieved by juniors: 26 percentSeniors Admitted to College: 99 percentStudents who immediately enroll in college: 81.2 percent (Class of 2017, as of 10.20.17)College students served: 195Students renewing FAFSA: 81 percent Pilot Programming:College PointHigh school students served: 4,576Tech-Connected High School Program - MNHigh school students served: 321Area high schools served: 32Seniors Admitted to College: 89 percentStatewide Initiative - PDXHigh school students served: 74 (juniors)Area high schools served: 7CatalyzeCollege students served: 1303Students renewing FAFSA: 90 percentDesc
Total Program Service Expenses$12,761,477TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document36IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee512EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bonnie ChristensenBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6512889455PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1540 Fairview Ave N Suite 304AddressLine1Txt
CitySt PaulCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55104ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Laura Gillund
Chair0.80Yes (X)Yes (X)$0$0$0
Stephen Smith
Vice Chair0.50Yes (X)Yes (X)$0$0$0
Millie Acamovic
Treasurer0.50Yes (X)Yes (X)$0$0$0
Alex Ware thru Aug 2016
Treasurer0.50Yes (X)Yes (X)$0$0$0
Jeff Berstein
Director0.30Yes (X)$0$0$0
Shannon Bins
Director0.30Yes (X)$0$0$0
Joanna Burleson
Director0.30Yes (X)$0$0$0
Kweilin Ellingrud
Director0.30Yes (X)$0$0$0
Sara Gavin
Director0.30Yes (X)$0$0$0
Marlene Ibsen
Director0.30Yes (X)$0$0$0
Jeff Kutash
Director0.30Yes (X)$0$0$0
Andrea Mokros
Director0.30Yes (X)$0$0$0
Joelle Murchison
Director0.30Yes (X)$0$0$0
Scott Nelson
Director0.30Yes (X)$0$0$0
Jeff Turner
Director0.30Yes (X)$0$0$0
Thomas Ranese Thru Aug 2016
Director0.30Yes (X)$0$0$0
Jim McCorkell
Chief Executive Officer/Director40.00Yes (X)Yes (X)$275,159$0$78,135
Bonnie Christensen
Director of Finance40.00Yes (X)$108,362$0$30,952
Laura Liu
Chief Operating Officer40.00$190,399$0$53,579Yes (X)
Traci Kirtley
Chief Program Officer40.00$143,683$0$34,390Yes (X)
Wyneshia Foxworth
Executive Director - PA40.00$120,953$0$21,561Yes (X)
Sara Dzuik
Executive Director - MN40.00$142,056$0$44,013Yes (X)
Beth Giese
Senior Director of External Relations40.00$132,837$0$25,305Yes (X)
Christine Poorman
Executive Director - IL40.00$117,339$0$25,242Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,230,788TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$313,177TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$189,176FundraisingAmt
Government Grants$4,694,206GovernmentGrantsAmt
All Other Contributions$14,040,651AllOtherContributionsAmt
Noncash Contributions$401,631NoncashContributionsAmt
Total Contributions$18,924,033TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Consortium Fees611710$223,725$223,725
Service Fees611710$123,000$123,000
FieldValueIRS element (for citing)
Total Program Service Revenue$346,725TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,660TotalRevenueColumnAmt
Exclusion$39,660ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$7SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7TotalRevenueColumnAmt
Exclusion$7ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$28,400FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$189,176ContriRptFundraisingEventAmt
Fundraising Direct Expenses$40,533FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$12,133TotalRevenueColumnAmt
Exclusion-$12,133ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,298,292TotalRevenueColumnAmt
Related Or Exempt Func Income$346,725RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$27,534ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$692,818TotalAmt
Program Services$207,242ProgramServicesAmt
Management And General$364,818ManagementAndGeneralAmt
Fundraising$120,758FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,497,210TotalAmt
Program Services$7,639,573ProgramServicesAmt
Management And General$931,737ManagementAndGeneralAmt
Fundraising$925,900FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$262,039TotalAmt
Program Services$217,815ProgramServicesAmt
Management And General$19,037ManagementAndGeneralAmt
Fundraising$25,187FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,029,307TotalAmt
Program Services$790,937ProgramServicesAmt
Management And General$118,655ManagementAndGeneralAmt
Fundraising$119,715FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$760,343TotalAmt
Program Services$586,967ProgramServicesAmt
Management And General$94,569ManagementAndGeneralAmt
Fundraising$78,807FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$20,565TotalAmt
Management And General$20,565ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$39,097TotalAmt
Management And General$39,097ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$76,125TotalAmt
Management And General$76,125ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$9,272TotalAmt
Management And General$9,272ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$369,183TotalAmt
Program Services$229,065ProgramServicesAmt
Management And General$28,371ManagementAndGeneralAmt
Fundraising$111,747FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$186,336TotalAmt
Program Services$32,670ProgramServicesAmt
Fundraising$153,666FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$128,842TotalAmt
Program Services$63,320ProgramServicesAmt
Management And General$11,883ManagementAndGeneralAmt
Fundraising$53,639FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$749,264TotalAmt
Program Services$684,367ProgramServicesAmt
Management And General$31,465ManagementAndGeneralAmt
Fundraising$33,432FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$964,484TotalAmt
Program Services$880,946ProgramServicesAmt
Management And General$40,503ManagementAndGeneralAmt
Fundraising$43,035FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$378,922TotalAmt
Program Services$334,516ProgramServicesAmt
Management And General$3,146ManagementAndGeneralAmt
Fundraising$41,260FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$94,129TotalAmt
Program Services$49,453ProgramServicesAmt
Fundraising$44,676FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$284,653TotalAmt
Program Services$259,998ProgramServicesAmt
Management And General$11,954ManagementAndGeneralAmt
Fundraising$12,701FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$35,131TotalAmt
Program Services$32,088ProgramServicesAmt
Management And General$1,475ManagementAndGeneralAmt
Fundraising$1,568FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Staff Acquisition,Train$438,834$378,035$44,497$16,302
Student Support Costs$374,485$374,485

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$16,391,039TotalAmt
Program Services$12,761,477ProgramServicesAmt
Management And General$1,847,169ManagementAndGeneralAmt
Fundraising$1,782,393FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,419,875BOYAmt
EOY$5,807,252EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,489,992BOYAmt
EOY$4,348,932EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,333BOYAmt
EOY$9,703EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$284,163BOYAmt
EOY$329,220EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,734,020LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$888,788LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$675,995BOYAmt
EOY$845,232EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$986,635BOYAmt
EOY$2,044,712EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,863,993BOYAmt
EOY$13,385,051EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$981,108BOYAmt
EOY$990,327EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$553,578BOYAmt
EOY$159,257EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$146,383BOYAmt
EOY$115,869EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,681,069BOYAmt
EOY$1,265,453EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,822,773BOYAmt
EOY$4,921,725EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,360,151BOYAmt
EOY$7,197,873EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,182,924BOYAmt
EOY$12,119,598EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,863,993BOYAmt
EOY$13,385,051EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,907,253ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$29,421NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,902,009CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,747,298CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,612,846CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,975,202CurrentTaxYearMinus1YearAmt
Current Tax Year$17,550,033CurrentTaxYearAmt
Total$55,787,388TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,902,009CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,747,298CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,612,846CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,975,202CurrentTaxYearMinus1YearAmt
Current Tax Year$17,550,033CurrentTaxYearAmt
Total$55,787,388TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$12,146,748SubstantialContributorsTotAmt
Public Support Total170$43,640,640PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$37,892CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,479CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,184CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$22,390CurrentTaxYearMinus1YearAmt
Current Tax Year$39,660CurrentTaxYearAmt
Total$159,605TotalAmt
FieldValueIRS element (for citing)
Total Support$55,946,993TotalSupportAmt
Gross Receipts Rltd Activities$878,602GrossReceiptsRltdActivitiesAmt
Public Support CY1700.78000PublicSupportCY170Pct
Public Support PY1700.74950PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart II, Short Year Explanation:FormAndLineReferenceDesc
ExplanationCollege Possible changed their year-end from August 31st to June 30th. Information reported for 2015 is for the ten month period of September 1, 2015 - June 30, 2016.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$76,125OtherActivitiesAmt
Total Lobbying Expenditures$76,125TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II-B, Line 1:FormAndLineReferenceDesc
ExplanationCollege Possible paid Roger J Aronson, an outside consultant, $30,000 for lobbying in FY17. The organization also paid EBI Public Affairs, an outside consultant, $18,000 for lobbying in FY17. The organization also paid Wisconsin Capitol Solutions, an outside consultant, $28,125 for lobbying in FY17.ExplanationTxt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,734,020OtherCostOrOtherBasisAmt
Depreciation$888,788DepreciationAmt
Book Value$845,232BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$845,232TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Deferred compensation liability$30,000
Capital lease obligation$33,338
Deferred rent liability$52,531
FieldValueIRS element (for citing)
Total Liability$115,869TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$21,013,746TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$29,421NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$1,645,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,674,921RevenueNotReportedAmt
Revenue Subtotal$19,338,825RevenueSubtotalAmt
Other Revenues Not Included-$40,533OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$40,533RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$19,298,292TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$18,077,072TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,645,500DonatedServicesUseFcltsAmt
Other Expenses Included$40,533OtherExpensesIncludedAmt
Expenses Not Reported$1,686,033ExpensesNotReportedAmt
Expenses Subtotal$16,391,039ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$16,391,039TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. The Organization is not 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.
Part XI, Line 4b - Other Adjustments:Special event expenses netted with revenue for tax purposes. -40,533.
Part XII, Line 2d - Other Adjustments:Special event expenses netted with revenue for tax purposes. 40,533.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Dream Big EventEvent1Nm
Gross Receipts Event1$217,576GrossReceiptsEvent1Amt
Charitable Contri Event1$189,176CharitableContriEvent1Amt
Gross Revenue Event1$28,400GrossRevenueEvent1Amt
Non Cash Prizes Event1$548NonCashPrizesEvent1Amt
Rent Facility Costs Event1$5,472RentFacilityCostsEvent1Amt
Food And Beverage Event1$23,511FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$11,002OtherDirectExpensesEvent1Amt
Gross Receipts Total$217,576GrossReceiptsTotalAmt
Charitable Contributions Tot$189,176CharitableContributionsTotAmt
Gross Revenue Total Events$28,400GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$548NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$5,472RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$23,511FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$11,002OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$40,533DirectExpenseSummaryEventsAmt
Net Income Summary-$12,133NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Jim McCorkell
Chief Executive Officer/Director$198,959$0$59,052$0$17,148$0$42,150$0$35,984$0$353,293$0$16,538$0
Laura Liu
Chief Operating Officer$163,990$0$25,650$0$759$0$11,181$0$42,398$0$243,978$0$0$0
Traci Kirtley
Chief Program Officer$126,186$0$16,787$0$710$0$8,811$0$25,579$0$178,073$0$0$0
Sara Dzuik
Executive Director - MN$120,248$0$21,136$0$672$0$8,393$0$35,620$0$186,069$0$0$0
Beth Giese
Senior Director of External Relation$121,050$0$11,106$0$681$0$5,527$0$19,778$0$158,142$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 4bFormAndLineReferenceDesc
ExplanationThe Board of Directors has a non-qualified 457(F) deferred compensation plan in place for CEO, Jim McCorkell. On June 30, 2017 the plan balance was $30,000; however, none of this was vested and Mr. McCorkell had no ability to access the funds in fiscal year 2017. IRS rules require including the entire plan balance as Deferred Compensation on Schedule J, Part II, Column C, despite the fact that none of it was actually paid to Mr. McCorkell and none of it is under his control. He may eventually receive that compensation in the future, if he meets certain standards set by the board of directors. The board of directors approved $15,000 during fiscal year 2017 which is included in Schedule J, Part II, Column B(iii). This compensation was reported in a previous year as deferred compensation as noted in Column (F), but is required to be shown as taxable compensation in the year of receipt. Schedule J, Part III, Column B represents the total taxable compensation reported to Mr. McCorkell on his Form W-2 for the calendar year ended December 31, 2016 - $275,160.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution24ContributionCnt
Noncash Contributions Rpt F990$347,578NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescMiscellaneous giftsDesc
Contribution394ContributionCnt
Noncash Contributions Rpt F990$54,053NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, line 2Catalyze 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 will shift 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 data 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.
Form 990, Part VI, Section A, line 8bThe Board of Directors may act by and through such committees as may be specified in resolutions approved by a majority of the total number of directors. Committees are subject at all times to the direction and control of the Board of Directors.
Form 990, Part VI, Section B, line 11bThe 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 12cAll 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 Operations Manager 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 exists 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 15aThe 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 compensation committee reviews comparable compensation data for nonprofit CEO's/Executive Directors as well as pre-determined performance metrics for the organization's CEO.
Form 990, Part VI, Section C, line 19The audit report and Form 990 are available on College Possible's website. All other documents are available upon request.