COLLEGE POSSIBLE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGE POSSIBLE (EIN 41-1968798)
- Tax period
- 2009-09-01 to 2010-08-31
- Filed
- 2011-03-29
- IRS object ID
- 201130889349300408
- Schema version
- 2009v1.7
- 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 | 2011-03-29T11:46:13-05:00 | Timestamp |
| Tax Period End Date | 2010-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 5601 Green Valley Drive Ste 700 | AddressLine1 |
| City | Minneapolis | City |
| State | MN | State |
| ZIP Code | 554371145 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411968798 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Admission Possible Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ADMI | NameControl |
| Phone | 6519173525 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 North Syndicate Street No 200 | 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, Director | Title |
| Phone | 6519173525 | Phone |
| Date Signed | 2011-03-19 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kim Hunwardsen CPA | Name |
| Phone | 9529446166 | Phone |
| Date Prepared | 2011-03-21 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Jim McCorkell | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 North Syndicate Street No 200 | AddressLine1 |
| City | St Paul | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4246968 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.admissionpossible.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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 115 | TotalNbrEmployees |
| Total Nbr Volunteers | 1313 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2980615 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4112929 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 75000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 101000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 55666 | InvestmentIncomePriorYear |
| Investment Income Current Year | 33039 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3111281 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4246968 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1742179 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2275291 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 266043 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 719765 | OtherExpensePriorYear |
| Other Expenses Current Year | 768509 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2461944 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3043800 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 649337 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1203168 | RevenuesLessExpensesCY |
| Total Assets BOY | 5009525 | TotalAssetsBOY |
| Total Assets EOY | 6309891 | TotalAssetsEOY |
| Total Liabilities BOY | 282187 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 379387 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4727338 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5930504 | NetAssetsOrFundBalancesEOY |
| Mission Description | Admission Possible is a nonprofit organization dedicated to helping promising low-income youth prepare for and earn admission to college by providing them with four critical services: 1) ACT and SAT test preparation; 2) Intensive guidance in preparing for college applications; 3) help in obtaining financial aid; and; 4) guidance in the transition to college. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2460568 | Expense |
| Revenue | 101000 | Revenue |
| Description | Since the start of programming in 2000, 98% of the students assisted by Admission Possible have earned admission to college. Further, the students in the program have shown an average ACT exam score increase of more than 20%. Leading for profit companies, by comparison, advertise average increases of 12-14%. Nearly 80% of Admission Possible students enrolled in college are still working toward degrees or have graduated. Nationally, only about 50% of all students who enroll in college graduate within six years. During the fiscal year ended August 31, 2010, Admission Possible- Greater Twin Cities served 1,397 high school students in 18 area high schools. The programmatic focus for the junior year is preparation for the ACT college entrance exam. 730 juniors in the program took the ACT exam and posted a 25% score increase over the baseline ACT administered earlier in the year. 667 seniors participated in Admission Possible during 2009-2010 and 98% were admitted to college, with 92% admitted to a four-year institution.In this same year, Admission Possible- Greater Milwaukee served 146 students in four metro high schools. The 93 juniors in the Milwaukee program increased their ACT score by an average of 17%. In the first year of working with seniors, 94% of the 53 seniors in the program had earned admission to college; 81% of them were admitted to four-year schools.In order to fulfill its mission, Admission Possible strives to meet four central objectives:1) Identify low-income youth with the potential for higher education. Admission Possible believes that many low-income students who have the potential to attend a college or university are currently being left behind because they lack resources and confidence of their more affluent peers. Nationally, approximately 200,000 high school students from low-income backgrounds graduate from high school prepared for college, but don't go.2) Provide intensive ACT/SAT test preparation. Because these test scores are a critical part of the college admissions decision-making process, Admission Possible believes it is important to level the playing field by ensuring the scores of low-income students accurately reflect their true aptitude for higher education.3) Conduct admissions and financial aid consulting. The process of selecting colleges and universities to which to apply and navigating the financial aid process is complex and often confusing. Admission Possible provides intensive, one-on-one admissions and financial aid consulting to help these students compete more effectively with students from families with greater resources.4) Leverage existing networks of support through collaborative partnerships and community outreach. The communities we work in are blessed with a wide variety of mentoring and enrichment programs designed specifically for low-income students. Admission Possible leverages the investments already being made in these students by working closely with the most successful of these programs including the ABC Foundation, Achieve! Minneapolis, Career and College Centers, Compass Guide, Destination 2010, Inroads, Learningworks, Minnesota Minority Education Partnership, Minnesota Campus Compact, Project Lead the Way, Sponsor-A-Scholar, Step Up, Several Trio Programs, and Youth Frontiers, among others. Altogether, Admission Possible now serves more than 1,500 low-income high school students in twenty-one high schools across seven different school districts in two states. | Description |
| Total Program Service Expense | 2460568 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | 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 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 115 | 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 |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | 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 | 1 | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jim McCorkell | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6519173525 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 North Syndicate Street Suite | AddressLine1 |
| City | St Paul | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| David MacLennan | |||||||
| Chair | 0.80 | X | X | 0 | 0 | 0 | |
| Levi Downs MD | |||||||
| Vice Chair | 0.50 | X | X | 0 | 0 | 0 | |
| Margaret Murphy | |||||||
| Treasurer | 0.50 | X | X | 0 | 0 | 0 | |
| Shamiere Bridgeford | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Jose Chipoco | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Ann Dayton | |||||||
| Director | 0.50 | X | 0 | 0 | 0 | ||
| Libby Carrier Doran | |||||||
| Director | 0.50 | X | 0 | 0 | 0 | ||
| Todd Firebaugh | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Libby Driscoll Hlavka | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Tom Holman | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Gary Manney | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Melissa Soderberg | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Scott Weisberg | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| Khou Yang | |||||||
| Director | 0.30 | X | 0 | 0 | 0 | ||
| DAVID LAIRD | |||||||
| DIREctor | 0.30 | X | 0 | 0 | 0 | ||
| BILL MCKINNEY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JULIE MOORE | |||||||
| DIREctor | 0.30 | X | 0 | 0 | 0 | ||
| BARRY NORDSTRAND | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| PATRICK O'SHAUGHNESSY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JIM MCCORKELL | |||||||
| CEO | 40.00 | X | X | 158178 | 0 | 31065 | |
| Traci Kirtley | |||||||
| COO | 40.00 | X | 92769 | 0 | 4227 | ||
| Natalie Rule | |||||||
| Director of External Relations | 40.00 | 94287 | 0 | 3834 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 250947 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 35292 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 968023 | GovernmentGrants |
| All Other Contributions | 3144906 | AllOtherContributions |
| Noncash Contributions | 23455 | NoncashContributions |
| Total Contributions | 4112929 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SERVICE FEES | 611710 | 51000 | 51000 |
| Consortium fees | 611710 | 50000 | 50000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 101000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33039 | TotalRevenueColumn |
| Exclusion | $33,039 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4246968 | TotalRevenueColumn |
| Related Or Exempt Function Income | 101000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $33,039 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228564 | Total |
| Program Services | 203638 | ProgramServices |
| Management And General | 13684 | ManagementAndGeneral |
| Fundraising | 11242 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1694762 | Total |
| Program Services | 1435416 | ProgramServices |
| Management And General | 113051 | ManagementAndGeneral |
| Fundraising | 146295 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35099 | Total |
| Program Services | 29762 | ProgramServices |
| Management And General | 2433 | ManagementAndGeneral |
| Fundraising | 2904 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168625 | Total |
| Program Services | 143778 | ProgramServices |
| Management And General | 15001 | ManagementAndGeneral |
| Fundraising | 9846 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148241 | Total |
| Program Services | 128918 | ProgramServices |
| Management And General | 8629 | ManagementAndGeneral |
| Fundraising | 10694 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28200 | Total |
| Management And General | 28200 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93350 | Total |
| Program Services | 35580 | ProgramServices |
| Management And General | 50863 | ManagementAndGeneral |
| Fundraising | 6907 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3108 | Total |
| Program Services | 3108 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187101 | Total |
| Program Services | 121083 | ProgramServices |
| Management And General | 36526 | ManagementAndGeneral |
| Fundraising | 29492 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163531 | Total |
| Program Services | 139690 | ProgramServices |
| Management And General | 10229 | ManagementAndGeneral |
| Fundraising | 13612 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36274 | Total |
| Program Services | 34424 | ProgramServices |
| Management And General | 703 | ManagementAndGeneral |
| Fundraising | 1147 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15908 | Total |
| Program Services | 11370 | ProgramServices |
| Management And General | 851 | ManagementAndGeneral |
| Fundraising | 3687 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30346 | Total |
| Program Services | 25378 | ProgramServices |
| Management And General | 2484 | ManagementAndGeneral |
| Fundraising | 2484 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9045 | Total |
| Program Services | 7467 | ProgramServices |
| Management And General | 789 | ManagementAndGeneral |
| Fundraising | 789 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Hiring costs | 64153 | 11207 | 28295 | 24651 |
| teaching materials | 60051 | 60051 | ||
| Training | 49925 | 44635 | 3891 | 1399 |
| Recognition | 22575 | 20121 | 1560 | 894 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4942 | Total |
| Program Services | 4942 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3043800 | Total |
| Program Services | 2460568 | ProgramServices |
| Management And General | 317189 | ManagementAndGeneral |
| Fundraising | 266043 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Total Joint Costs TotalJointCosts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19049 | Total |
| Program Services | 12311 | ProgramServices |
| Management And General | 788 | ManagementAndGeneral |
| Fundraising | 5950 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4402778 | BOY |
| EOY | 4981010 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414075 | BOY |
| EOY | 594901 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22358 | BOY |
| EOY | 6584 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43094 | BOY |
| EOY | 58116 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 251999 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 150075 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127220 | BOY |
| EOY | 101924 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 567356 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5009525 | BOY |
| EOY | 6309891 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 249687 | BOY |
| EOY | 344387 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12500 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20000 | BOY |
| EOY | 35000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 282187 | BOY |
| EOY | 379387 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4015913 | BOY |
| EOY | 4173979 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 711425 | BOY |
| EOY | 1756525 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4727338 | BOY |
| EOY | 5930504 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5009525 | BOY |
| EOY | 6309891 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 | 3099488 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1980532 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2346853 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2980615 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4112929 | CurrentTaxYear |
| Total | 14520417 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3099488 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1980532 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2346853 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2980615 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4112929 | CurrentTaxYear |
| Total | 14520417 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2318018 | AmountsSubstContributorsTotal |
| Public Support Total170 | 12202399 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 34835 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 83577 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 104942 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 55666 | CurrentTaxYearMinus1Year |
| Current Tax Year | 33039 | CurrentTaxYear |
| Total | 312059 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 14832476 | TotalSupport |
| Gross Receipts From Admissions Etc | 228000 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.82270 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87000 | 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 | 51070 | OtherCostOrOtherBasis |
| Depreciation | 42775 | Depreciation |
| Book Value | 8295 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 200929 | OtherCostOrOtherBasis |
| Depreciation | 107300 | Depreciation |
| Book Value | 93629 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 101924 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS | Description |
| Book Value | 567356 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 567356 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Deferred compensation liability | Description |
| Amount | $35,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 35000 | TotalOfAmounts |
| Total Revenue | 4246968 | TotalRevenue |
| Total Expenses | 3043800 | TotalExpenses |
| Excess Or Deficit For Year | 1203168 | ExcessOrDeficitForYear |
| Prior Period Adjustments | -2 | PriorPeriodAdjustments |
| Total Adjustments | -2 | TotalAdjustments |
| Excess Or Deficit Per FS | 1203166 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4312686 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 65718 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 65718 | RevenueNotRptdF990 |
| Revenue Subtotal | 4246968 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4246968 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3109518 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 65718 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 65718 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3043800 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3043800 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part X: | Identifier |
| Return Reference | Description of Uncertain Tax Positions Under FIN 48: | ReturnReference |
| Explanation | The Organization has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes). The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of August 31, 2010, the unrecognized tax benefit accrual was zero. The Organization will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Organization is no longer subject to Federal and State tax examinations by tax authorities for the years before 2007. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| 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
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JIM MCCORKELL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 114705 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 43413 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 60 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 17836 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 13857 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 189871 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4a | ReturnReference |
| Explanation | The organization has a non-qualified 457(f) deferred compensation arrangement with CEO, Jim McCorkell. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The 990 return will be reviewed by the Chief Operating Officer and Chief Executive Officer. The board will receive the 990 tax return via e-mail. The board will review Admission Possible's Form 990 tax return 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 Admission 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 Admission 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. In 2009, a compensation committee reviewed comparable compensation data for nonprofit CEOs/Executive Directors as well as pre-determined performance metrics for the organization's CEO. The compensation committee presented its analysis and recommendations to the Board at the October 2009 board meeting, the Board voted unanimously in favor of this compensation package. No members of the authorizing body had a conflict of interest in this decision. |
| Form 990, Part VI, Section C, line 19 | The audit report is available on Admission Possible's website, all other documnets are available upon request. |
| Form 990, Part XI, Line 2c: The process used by the committee that assumes responsibility for oversight of the audit of its finanacial statements and selection of an independent accountant has not changed since last year. |