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Nonprofiteer
← COLLEGE POSSIBLE

Form 990 for tax year 2023

Filed by COLLEGE POSSIBLE.

Totals

Total revenue
$34,440,171
Total expenses
$32,206,667
Contributions and grants received
$31,600,031
Grants paid
$712,518
Program service revenue
$2,686,255
Investment income
$276,429
Other revenue
-$122,544
Total assets, end of year
$25,651,190
Total liabilities, end of year
$6,687,182
Net assets or fund balances, end of year
$18,964,008
Program services expenses (Part IX)
$25,006,345
Management and general expenses
$3,139,133
Fundraising expenses
$4,061,189
Program service expenses (Part III)
$25,006,345

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,197,824

  • 1e · Government grants (contributions)

    $10,373,140

  • 1f · All other contributions, gifts and grants

    $20,029,067

  • 1g · Noncash contributions included above

    $678,565

  • 2a · Program service revenue: CONSORTIUM FEES

    total $1,288,430 · related or exempt $1,288,430

  • 2b · Program service revenue: COPILOT PARTNERSHIP FE

    total $1,016,175 · related or exempt $1,016,175

  • 2c · Program service revenue: SERVICE FEES

    total $381,650 · related or exempt $381,650

  • 3 · Investment income

    total $376,429 · excluded $376,429

  • 7a · Gross sales of assets other than inventory

    securities $4,500,000

  • 7b · Less cost or other basis and sales expenses

    securities $4,600,000

  • 7c · Gain or loss

    securities -$100,000

  • 7d · Net gain or loss

    total -$100,000 · excluded -$100,000

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,197,824

  • 8b · Fundraising events: direct expenses

    $137,045

  • 8c · Net income from fundraising events

    total -$137,045 · excluded -$137,045

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $14,501 · excluded $14,501

  • 11e · Other revenue, total

    $14,501

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $712,518 · program services $712,518

  • 5 · Compensation of officers, directors and key employees

    total $1,262,160 · program services $986,594 · management and general $117,057 · fundraising $158,509

  • 7 · Other salaries and wages

    total $18,716,370 · program services $14,630,036 · management and general $1,735,825 · fundraising $2,350,509

  • 8 · Pension plan contributions

    total $600,137 · program services $453,976 · management and general $56,846 · fundraising $89,315

  • 9 · Other employee benefits

    total $2,385,133 · program services $1,980,744 · management and general $157,278 · fundraising $247,111

  • 10 · Payroll taxes

    total $1,608,158 · program services $1,251,682 · management and general $151,587 · fundraising $204,889

  • 11b · Fees: legal

    total $90,090 · management and general $90,090

  • 11c · Fees: accounting

    total $77,397 · management and general $77,397

  • 11d · Fees: lobbying

    total $171,000 · fundraising $171,000

  • 11f · Fees: investment management

    total $20,867 · management and general $20,867

  • 11g · Fees: other

    total $1,478,203 · program services $900,119 · management and general $288,332 · fundraising $289,752

  • 12 · Advertising and promotion

    total $324,478 · program services $27,324 · management and general $8,603 · fundraising $288,551

  • 13 · Office expenses

    total $45,417 · program services $40,486 · management and general $1,918 · fundraising $3,013

  • 14 · Information technology

    total $1,628,082 · program services $1,451,309 · management and general $68,752 · fundraising $108,021

  • 16 · Occupancy

    total $1,110,298 · program services $989,744 · management and general $46,887 · fundraising $73,667

  • 17 · Travel

    total $273,037 · management and general $273,037

  • 19 · Conferences, conventions and meetings

    total $73,923 · program services $67,668 · management and general $2,433 · fundraising $3,822

  • 20 · Interest

    total $17,941 · program services $15,993 · management and general $758 · fundraising $1,190

  • 22 · Depreciation, depletion and amortization

    total $279,505 · program services $249,157 · management and general $11,803 · fundraising $18,545

  • 23 · Insurance

    total $128,988 · program services $114,983 · management and general $5,447 · fundraising $8,558

  • 24a · Other expenses: STUDENT SUPPORT COSTS

    total $549,221 · program services $549,221

  • 24b · Other expenses: STAFF TRAINING, MTGS, R

    total $539,309 · program services $488,742 · management and general $19,667 · fundraising $30,900

  • 24c · Other expenses: BAD DEBT

    total $106,749 · program services $95,158 · management and general $4,508 · fundraising $7,083

  • 24d · Other expenses: RECONCILIATION DISCREPA

    total $6,688 · fundraising $6,688

  • 24e · All other expenses

    total $998 · program services $891 · management and general $41 · fundraising $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,101,191 · end of year $1,071,290

  • 2 · Savings and temporary cash investments

    beginning of year $499,559 · end of year $1,284,494

  • 3 · Pledges and grants receivable

    beginning of year $2,604,292 · end of year $6,323,016

  • 4 · Accounts receivable

    beginning of year $2,510,994 · end of year $4,624,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $601,201 · end of year $734,619

  • 10a · Land, buildings and equipment: cost or other basis

    $1,814,185

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,223,061

  • 10c · Land, buildings and equipment, net

    beginning of year $708,599 · end of year $591,124

  • 11 · Investments: publicly traded securities

    beginning of year $12,396,395 · end of year $8,725,284

  • 15 · Other assets

    beginning of year $3,141,730 · end of year $2,297,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,725,101 · end of year $1,333,528

  • 19 · Deferred revenue

    beginning of year $1,524,161 · end of year $2,225,047

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $666,667

  • 25 · Other liabilities

    beginning of year $3,269,711 · end of year $2,461,940

  • 27 · Net assets without donor restrictions

    beginning of year $7,434,965 · end of year $5,802,083

  • 28 · Net assets with donor restrictions

    beginning of year $8,610,023 · end of year $13,161,925

Mission and programs · 2023

Mission

COLLEGE POSSIBLE IS A 501(C)(3) NON-PROFIT TAX-EXEMPT ORGANIZATION MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR STUDENTS FROM LOW-INCOME BACKGROUNDS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT.

Activities or mission (Part I)

COLLEGE POSSIBLE IS MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR STUDENTS FROM LOW-INCOME BACKGROUNDS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT.

  • FLAGSHIP: SEE SCHEDULE O.

    Expenses $17,431,995 · Grants $712,518 · Revenue $644,150

  • CATALYZE: SEE SCHEDULE O.

    Expenses $1,803,802 · Revenue $1,019,930

  • CO-PILOT: SEE SCHEDULE O.

    Expenses $874,536 · Revenue $1,016,175

  • NATIONAL OFFICE SUPPORTS THE ENTIRE OPERATION.

    Expenses $4,896,012 · Revenue $6,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Siva Kumari

    CEO

    Total calculated
    $220,619
    From this org
    $213,281
    From related orgs
    $0
    Other
    $7,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,281
    Bonus
    $30,000
    Other
    $0
    Deferred
    $7,094
    Nontaxable benefits
    $244
    Filer's total
    $220,619

  • Albert Fan

    FORMER CEO, CHAIR

    Total calculated
    $116,775
    From this org
    $113,129
    From related orgs
    $0
    Other
    $3,646
    Hours/week
    40

  • Joanna Burleson

    FORMER CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Daniel Lugo JD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Andrea Mokros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Donnell Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Doreen James Wise

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Fayneese Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Jennifer Rickard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Suzanne Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Joelle Murchison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Julio Vargas-Essex

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Marlene Ibsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Stephen Ragan

    SVP OF EXTERNAL RELATIONS

    Total calculated
    $210,894
    From this org
    $195,962
    From related orgs
    $0
    Other
    $14,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,615
    Bonus
    $19,000
    Other
    $9,347
    Deferred
    $7,220
    Nontaxable benefits
    $7,712
    Filer's total
    $210,894

  • Lavada Williams

    SVP, PEOPLE AND CULTURE

    Total calculated
    $200,791
    From this org
    $177,528
    From related orgs
    $0
    Other
    $23,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,528
    Bonus
    $0
    Other
    $0
    Deferred
    $7,676
    Nontaxable benefits
    $15,587
    Filer's total
    $200,791

  • Austin Buchan

    SVP, PROGRAM & TECH INNOVATION

    Total calculated
    $184,811
    From this org
    $164,881
    From related orgs
    $0
    Other
    $19,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,881
    Bonus
    $0
    Other
    $0
    Deferred
    $2,849
    Nontaxable benefits
    $17,081
    Filer's total
    $184,811

  • Arvin Frazier

    SR EXECUTIVE DIRECTOR, OMAHA

    Total calculated
    $165,157
    From this org
    $138,136
    From related orgs
    $0
    Other
    $27,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,490
    Bonus
    $11,646
    Other
    $0
    Deferred
    $9,421
    Nontaxable benefits
    $17,600
    Filer's total
    $165,157

  • Kellie Sigh

    VICE PRESIDENT OF SITE LEADERSHIP

    Total calculated
    $163,115
    From this org
    $135,851
    From related orgs
    $0
    Other
    $27,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,562
    Bonus
    $0
    Other
    $17,289
    Deferred
    $9,523
    Nontaxable benefits
    $17,741
    Filer's total
    $163,115

  • James Narr

    SENIOR DIRECTOR, FINANCE

    Total calculated
    $144,478
    From this org
    $115,351
    From related orgs
    $0
    Other
    $29,127
    Hours/week
    40

  • Carl Searles

    CONTROLLER

    Total calculated
    $143,833
    From this org
    $130,477
    From related orgs
    $0
    Other
    $13,356
    Hours/week
    40

  • Christine Poorman

    EXECUTIVE DIRECTOR, CHICAGO

    Total calculated
    $147,594
    From this org
    $137,650
    From related orgs
    $0
    Other
    $9,944
    Hours/week
    40

  • Scott Del Rossi

    VP, COLLEGE & CAREER SUCCESS

    Total calculated
    $145,758
    From this org
    $132,885
    From related orgs
    $0
    Other
    $12,873
    Hours/week
    40

  • John Tomkinson

    VP OF SITE LEADERSHIP

    Total calculated
    $140,810
    From this org
    $114,369
    From related orgs
    $0
    Other
    $26,441
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
CRAIG ROBINSON RECEIVED SEVERANCE COMPENSATION OF $186,142 DURING THE YEAR.
PART I, LINE 5
SLT BONUSES ARE DETERMINED BY A COMBINATION OF THE INDIVIDUAL'S OVERALL ANNUAL PERFORMANCE REVIEW AND FINANCIAL PERFORMANCE OF THE SITE.
PART I, LINE 6
SLT BONUSES ARE DETERMINED BY A COMBINATION OF THE INDIVIDUAL'S OVERALL ANNUAL PERFORMANCE REVIEW AND FINANCIAL PERFORMANCE OF THE SITE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.1
Source object
202433559349300228

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