COLLEGE POSSIBLE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGE POSSIBLE (EIN 41-1968798)
- Tax period
- 2012-09-01 to 2013-08-31
- Filed
- 2014-03-24
- IRS object ID
- 201440839349300664
- Schema version
- 2012v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-03-24T14:50:50-05:00 | Timestamp |
| Tax Period End Date | 2013-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450250958 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 NICOLLET MALL STE 1300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 554027033 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411968798 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEGE POSSIBLE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COLL | NameControl |
| Phone | 6512889455 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 540 FAIRVIEW AVE N NO 304 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JIM MCCORKELL | Name |
| Title | CEO | Title |
| Phone | 6512889455 | Phone |
| Date Signed | 2014-03-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEB NELSON CPA | Name |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | Phone |
| Date Prepared | 2014-03-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | JIM MCCORKELL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 540 FAIRVIEW AVE N NO 304 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7411932 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.COLLEGEPOSSIBLE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | TO HELP PROMISING LOW-INCOME YOUTH PREPARE FOR AND EARN ADMISSION TO COLLEGE AND GRADUATE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 190 | TotalNbrEmployees |
| Total Nbr Volunteers | 339 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5079695 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6902009 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 207029 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 78246 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 45151 | InvestmentIncomePriorYear |
| Investment Income Current Year | 48993 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5331875 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7029248 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3528542 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4731817 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 795258 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1432359 | OtherExpensePriorYear |
| Other Expenses Current Year | 2212170 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4960901 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6943987 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 370974 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 85261 | RevenuesLessExpensesCY |
| Total Assets BOY | 8500907 | TotalAssetsBOY |
| Total Assets EOY | 8863854 | TotalAssetsEOY |
| Total Liabilities BOY | 491101 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 768150 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8009806 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8095704 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | COLLEGE 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5010133 | Expense |
| Revenue | 78246 | Revenue |
| Description | * 98 PERCENT OF COLLEGE POSSIBLE STUDENTS ARE ADMITTED TO COLLEGE * COLLEGE POSSIBLE STUDENTS ARE GRADUATING AT FIVE TIMES THE RATE OF THEIR LOW-INCOME PEERS* COLLEGE POSSIBLE STUDENTS ARE TWO TIMES AS LIKELY TO GO TO A FOUR-YEAR SCHOOL THAN THEIR LOW-INCOME PEERS* 80 PERCENT OF 2011 COLLEGE FRESHMEN WERE RETAINED FROM THEIR FIRST TO SECOND YEAR* HIGH SCHOOL JUNIORS HAVE RAISED THEIR ACT SCORES FROM THE BOTTOM 17TH PERCENTILE TO THE 35TH PERCENTILE OF TEST TAKERS, PUTTING COLLEGE ADMISSION WITHIN REACH. IN 2012-13, STUDENT ACT SCORES INCREASED OVER 22 PERCENT.* 85 PERCENT OF 2013 HIGH SCHOOL SENIORS ENROLLED IN COLLEGE THE FALL IMMEDIATELY FOLLOWING HIGH SCHOOL GRADUATION, COMPARED TO 52 PERCENT FALL ENROLLMENT FOR ALL LOW-INCOME STUDENTS (NATIONAL CENTER FOR EDUCATION STATISTICS, 2012). IN TOTAL, 93 PERCENT OF COLLEGE POSSIBLE STUDENTS HAVE ENROLLED IN COLLEGE. RESULTS FROM A 2013 RANDOMIZED CONTROLLED TRIAL (RCT) BY HARVARD KENNEDY SCHOOL PROFESSOR, DR. CHRIS AVERY, SHOWS COLLEGE POSSIBLE HAS A SIGNIFICANT POSITIVE EFFECT ON ENROLLMENT FOR LOW-INCOME STUDENTS INTO FOUR-YEAR COLLEGES AND UNIVERSITIES. COLLEGE POSSIBLE IS THE FIRST AND ONLY COLLEGE ACCESS ORGANIZATION TO ATTEMPT SUCH A RIGOROUS EVALUATION. NATIONALLY, ONLY 12 PERCENT OF RCTS SHOW A POSITIVE FINDING (COALITION FOR EVIDENCE-BASED POLICY, 2013). IN 2013, WE ALSO COMPLETED THE FIRST EVALUATION OF COLLEGE POSSIBLE'S IMPACT ON COLLEGE STUDENTS WITH ICF INTERNATIONAL, WHICH SHOWED OUR STUDENTS EARN DEGREES AT HIGHER RATES THAN THEIR LOW-INCOME PEERS. 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 IMPROVE 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 UNDERCLASSMEN 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 AUGUST 31, 2013 AT COLLEGE POSSIBLE'S FOUR SITES ARE AS FOLLOWS:GREATER TWIN CITIES, MN HIGH SCHOOL STUDENTS SERVED: 5,100AREA HIGH SCHOOLS SERVED: 19ACT SCORE INCREASE ACHIEVED BY JUNIORS: 25%SENIORS ADMITTED TO COLLEGE: 99%COLLEGE STUDENTS SERVED: 3,500STUDENTS WHO IMMEDIATELY ENROLL IN COLLEGE: 84%STUDENTS RENEWING FAFSA: 97% GREATER MILWAUKEE, WI HIGH SCHOOL STUDENTS SERVED: 1,750AREA HIGH SCHOOLS SERVED: 10ACT SCORE INCREASE ACHIEVED BY JUNIORS: 19.2%SENIORS ADMITTED TO COLLEGE: 98%COLLEGE STUDENTS SERVED: 300STUDENTS WHO IMMEDIATELY ENROLL IN COLLEGE: 79%STUDENTS RENEWING FAFSA: 93% GREATER OMAHA, NE HIGH SCHOOL STUDENTS SERVED: 650AREA HIGH SCHOOLS SERVED: 6ACT SCORE INCREASE ACHIEVED BY JUNIORS: 15.2%SENIORS ADMITTED TO COLLEGE: 97%GREATER PORTLAND, ORHIGH SCHOOL STUDENTS SERVED: 250IN TOTAL, INCLUDING SERVED THROUGH "COLLEGE PREP TALKS," COLLEGE POSSIBLE SERVED APPROXIMATELY 12,000 STUDENTS IN THE 2012-13 ACADEMIC YEAR. | Description |
| Total Program Service Expense | 5010133 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 190 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY ANDERSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6512889455 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 540 FAIRVIEW AVE N SUITE 304 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|
| LEVI DOWNS MD | |||||||
| CHAIR | 0.80 | X | X | 0 | 0 | 0 | |
| LAURA GILLUND | |||||||
| VICE CHAIR | 0.50 | X | X | 0 | 0 | 0 | |
| MARGARET MURPHY | |||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 | |
| LIBBY CARRIER DORAN | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| KWEILIN ELLINGRUD | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TODD FIREBAUGH | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| SARA GAVIN | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| LIBBY DRISCOLL HLAVKA | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TULAINE MONTGOMERY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAVID M LARSON | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| THOMAS RANESE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| STEPHEN SMITH | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JULIE MOORE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MICHAEL NEWMAN | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| BARRY NORDSTRAND | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| ALEX WARE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JIM MCCORKELL | |||||||
| CEO/DIRECTOR | 40.00 | X | X | 236259 | 0 | 30298 | |
| KIM MOORE BAILEY | |||||||
| COO (THRU 4/5/13) | 40.00 | X | 109751 | 0 | 12747 | ||
| ANGELA KLEIN | |||||||
| DIRECTOR OF FINANCE (1/13-6/13) | 40.00 | X | 0 | 0 | 0 | ||
| TRACI KIRTLEY | |||||||
| FORMER COO | 40.00 | 108766 | 0 | 11794 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 454776 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 54839 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Federated Campaigns | 148403 | FederatedCampaigns |
| Government Grants | 1073142 | GovernmentGrants |
| All Other Contributions | 5680464 | AllOtherContributions |
| Noncash Contributions | 125910 | NoncashContributions |
| Total Contributions | 6902009 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SERVICE FEES | 611710 | 65746 | 65746 |
| CONSORTIUM FEES | 611710 | 12500 | 12500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 78246 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 37892 | TotalRevenueColumn |
| Exclusion | $37,892 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 393785 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 382684 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11101 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11101 | TotalRevenueColumn |
| Exclusion | $11,101 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7029248 | TotalRevenueColumn |
| Related Or Exempt Function Income | 78246 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $48,993 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 437661 | Total |
| Program Services | 298749 | ProgramServices |
| Management And General | 103709 | ManagementAndGeneral |
| Fundraising | 35203 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123364 | Total |
| Program Services | 112262 | ProgramServices |
| Management And General | 7402 | ManagementAndGeneral |
| Fundraising | 3700 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3454400 | Total |
| Program Services | 2683542 | ProgramServices |
| Management And General | 305163 | ManagementAndGeneral |
| Fundraising | 465695 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85986 | Total |
| Program Services | 63547 | ProgramServices |
| Management And General | 10831 | ManagementAndGeneral |
| Fundraising | 11608 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342231 | Total |
| Program Services | 253804 | ProgramServices |
| Management And General | 45900 | ManagementAndGeneral |
| Fundraising | 42527 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 288175 | Total |
| Program Services | 225498 | ProgramServices |
| Management And General | 32597 | ManagementAndGeneral |
| Fundraising | 30080 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27621 | Total |
| Management And General | 27621 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32026 | Total |
| Management And General | 32026 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3292 | Total |
| Management And General | 3292 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 618928 | Total |
| Program Services | 254927 | ProgramServices |
| Management And General | 305945 | ManagementAndGeneral |
| Fundraising | 58056 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 316218 | Total |
| Program Services | 220375 | ProgramServices |
| Management And General | 21558 | ManagementAndGeneral |
| Fundraising | 74285 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25093 | Total |
| Management And General | 25093 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260169 | Total |
| Program Services | 234907 | ProgramServices |
| Management And General | 13374 | ManagementAndGeneral |
| Fundraising | 11888 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46235 | Total |
| Program Services | 35079 | ProgramServices |
| Management And General | 9499 | ManagementAndGeneral |
| Fundraising | 1657 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232223 | Total |
| Program Services | 176192 | ProgramServices |
| Management And General | 47709 | ManagementAndGeneral |
| Fundraising | 8322 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57946 | Total |
| Program Services | 49098 | ProgramServices |
| Management And General | 8848 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7182 | Total |
| Program Services | 74 | ProgramServices |
| Management And General | 7108 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| TEACHING MATERIALS & SU | 321135 | 284355 | 29685 | 7095 |
| ACQUISITION,TRAINING & | 254706 | 117715 | 91849 | 45142 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9396 | Total |
| Program Services | 9 | ProgramServices |
| Management And General | 9387 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6943987 | Total |
| Program Services | 5010133 | ProgramServices |
| Management And General | 1138596 | ManagementAndGeneral |
| Fundraising | 795258 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Total Joint Costs TotalJointCosts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19005 | Total |
| Program Services | 17607 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 1398 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5307138 | BOY |
| EOY | 4338615 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2027589 | BOY |
| EOY | 2844263 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67296 | BOY |
| EOY | 180599 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141117 | BOY |
| EOY | 155363 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 568385 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 110944 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103811 | BOY |
| EOY | 457441 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 853956 | BOY |
| EOY | 887573 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8500907 | BOY |
| EOY | 8863854 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 461101 | BOY |
| EOY | 692874 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 10000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30000 | BOY |
| EOY | 65276 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491101 | BOY |
| EOY | 768150 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4910004 | BOY |
| EOY | 4559214 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3099802 | BOY |
| EOY | 3536490 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8009806 | BOY |
| EOY | 8095704 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8500907 | BOY |
| EOY | 8863854 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 85261 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 637 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2980615 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4112929 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5465188 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5079695 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6902009 | CurrentTaxYear |
| Total | 24540436 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2980615 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4112929 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5465188 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5079695 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6902009 | CurrentTaxYear |
| Total | 24540436 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5718011 | AmountsSubstContributorsTotal |
| Public Support Total170 | 18822425 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 55666 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 33039 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 47074 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 39634 | CurrentTaxYearMinus1Year |
| Current Tax Year | 37892 | CurrentTaxYear |
| Total | 213305 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 24753741 | TotalSupport |
| Gross Receipts From Admissions Etc | 583432 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.76040 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.80180 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18661 | OtherCostOrOtherBasis |
| Depreciation | 6165 | Depreciation |
| Book Value | 12496 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 549724 | OtherCostOrOtherBasis |
| Depreciation | 104779 | Depreciation |
| Book Value | 444945 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 457441 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED COMPENSATION LIABILITY | $15,000 |
| CAPITAL LEASE OBLIGATION | $36,511 |
| DEFERRED RENT LIABILITY | $13,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 65276 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 7107843 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 637 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 77958 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 78595 | RevenueNotRptdF990 |
| Revenue Subtotal | 7029248 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7029248 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7021945 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 77958 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 77958 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6943987 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6943987 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | 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 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 THEIR EXEMPT PURPOSE. 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 IN INCOME TAX EXPENSE, IF SUCH INTEREST AND PENALTIES ARE INCURRED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIM MCCORKELL | ||||||||||||||
| CEO/DIRECTOR | 169201 | 0 | 50000 | 0 | 17058 | 0 | 9430 | 0 | 21783 | 0 | 267472 | 0 | 0 | 0 |
| TRACI KIRTLEY | ||||||||||||||
| FORMER COO | 85624 | 0 | 13283 | 0 | 9859 | 0 | 6536 | 0 | 5735 | 0 | 121037 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | THE ORGANIZATION HAS A NON-QUALIFIED 457(F) DEFERRED COMPENSATION ARRANGEMENT WITH CEO, JIM MCCORKELL. MR. MCCORKELL HAS NO INTEREST IN OR RIGHT TO CONTRIBUTIONS UNDER THE PLAN UNTIL HE IS VESTED. ONCE VESTED, ALL DISTRIBUTIONS SHALL BE MADE IN CASH. THE ORGANIZATION CONTRIBUTED $15,000 TO THE PLAN FOR FISCAL YEAR ENDED AUGUST 31, 2013. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 54214 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EVENT COSTS | 1 | 37915 | ACTUAL COST |
| X | MISCELLANEOUS | 144 | 33781 | COMPARABLE PURCHASE PRICE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED AUGUST 22, 2013 TO CHANGE THE TERM LENGTH AND EFFECTIVE DATES OF DIRECTORS. ALSO, THE PRESIDENT AND TREASURER PARAGRAPHS REGARDING ROLES AND RESPONSIBILITIES WERE REMOVED. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE 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 11 | THE FORM 990 WILL BE REVIEWED BY THE DIRECTOR OF FINANCE AND OPERATIONS 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 EMPLOYEES ARE REQUIRED TO FILL OUT AN ANNUAL CONFLICT OF INTEREST FORM. 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 CHIEF OPERATING OFFICER AND CHIEF EXECUTIVE OFFICER 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 CHIEF EXECUTIVE OFFICER (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 WAS HIRED TO DETERMINE THE MARKET RATE FOR THE CEO'S COMPENSATION. IN 2010, A COMPENSATION COMMITTEE REVIEWED 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 19 | THE AUDIT REPORT IS AVAILABLE ON COLLEGE POSSIBLE'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. |