Totals
- Total revenue
- $24,598,991
- Total expenses
- $28,232,798
- Contributions and grants received
- $21,962,415
- Grants paid
- $692,144
- Program service revenue
- $2,233,250
- Investment income
- $252,476
- Other revenue
- $150,850
- Total assets, end of year
- $23,563,961
- Total liabilities, end of year
- $7,518,973
- Net assets or fund balances, end of year
- $16,044,988
- Program services expenses (Part IX)
- $21,540,700
- Management and general expenses
- $2,974,920
- Fundraising expenses
- $3,717,178
- Program service expenses (Part III)
- $21,540,700
Program services were 76.3% 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
$384,412
-
1e · Government grants (contributions)
$5,756,042
-
1f · All other contributions, gifts and grants
$15,821,961
-
1g · Noncash contributions included above
$194,259
-
2a · Program service revenue: COPILOT PARTNERSHIP FE
total $924,867 · related or exempt $924,867
-
2b · Program service revenue: CONSORTIUM FEES
total $915,633 · related or exempt $915,633
-
2c · Program service revenue: SERVICE FEES
total $392,750 · related or exempt $392,750
-
3 · Investment income
total $255,696 · excluded $255,696
-
7a · Gross sales of assets other than inventory
other assets $2,059
-
7b · Less cost or other basis and sales expenses
other assets $5,279
-
7c · Gain or loss
other assets -$3,220
-
7d · Net gain or loss
total -$3,220 · excluded -$3,220
-
8a · Fundraising events: gross income
$24,699
-
8a · Fundraising events: contributions included on line 1c
$384,412
-
8b · Fundraising events: direct expenses
$91,474
-
8c · Net income from fundraising events
total -$66,775 · excluded -$66,775
-
11a · Other revenue: REFUND
total $207,239 · excluded $207,239
-
11b · Other revenue: MISCELLANEOUS INCOME
total $10,386 · excluded $10,386
-
11e · Other revenue, total
$217,625
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $692,144 · program services $692,144
-
5 · Compensation of officers, directors and key employees
total $921,048 · program services $656,760 · management and general $110,424 · fundraising $153,864
-
7 · Other salaries and wages
total $16,338,029 · program services $12,934,588 · management and general $1,422,012 · fundraising $1,981,429
-
8 · Pension plan contributions
total $476,467 · program services $365,354 · management and general $42,982 · fundraising $68,131
-
9 · Other employee benefits
total $1,281,726 · program services $982,826 · management and general $115,625 · fundraising $183,275
-
10 · Payroll taxes
total $1,008,397 · program services $723,343 · management and general $119,256 · fundraising $165,798
-
11b · Fees: legal
total $65,333 · management and general $65,333
-
11c · Fees: accounting
total $74,023 · management and general $74,023
-
11d · Fees: lobbying
total $171,000 · fundraising $171,000
-
11f · Fees: investment management
total $24,123 · management and general $24,123
-
11g · Fees: other
total $1,870,275 · program services $999,646 · management and general $359,553 · fundraising $511,076
-
12 · Advertising and promotion
total $177,079 · program services $28,925 · management and general $6,902 · fundraising $141,252
-
13 · Office expenses
total $107,548 · program services $42,594 · management and general $37,866 · fundraising $27,088
-
14 · Information technology
total $1,442,209 · program services $1,293,042 · management and general $57,703 · fundraising $91,464
-
16 · Occupancy
total $1,176,146 · program services $1,054,498 · management and general $47,058 · fundraising $74,590
-
17 · Travel
total $420,311 · management and general $420,311
-
19 · Conferences, conventions and meetings
total $96,592 · program services $90,395 · management and general $2,399 · fundraising $3,798
-
20 · Interest
total $27,758 · program services $24,887 · management and general $1,111 · fundraising $1,760
-
22 · Depreciation, depletion and amortization
total $330,698 · program services $296,494 · management and general $13,231 · fundraising $20,973
-
23 · Insurance
total $112,325 · program services $100,707 · management and general $4,494 · fundraising $7,124
-
24a · Other expenses: STAFF TRAINING, MTGS, R
total $976,412 · program services $846,025 · management and general $50,437 · fundraising $79,950
-
24b · Other expenses: STUDENT SUPPORT COSTS
total $381,531 · program services $381,531
-
24c · Other expenses: BAD DEBT
total $34,484 · fundraising $34,484
-
24d · Other expenses: PROGRAM EVALUATION
total $25,222 · program services $25,222
-
24e · All other expenses
total $1,918 · program services $1,719 · management and general $77 · fundraising $122
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,033,702 · end of year $1,101,191
-
2 · Savings and temporary cash investments
beginning of year $3,209,174 · end of year $499,559
-
3 · Pledges and grants receivable
beginning of year $3,855,925 · end of year $2,604,292
-
4 · Accounts receivable
beginning of year $2,367,362 · end of year $2,510,994
-
9 · Prepaid expenses and deferred charges
beginning of year $402,553 · end of year $601,201
-
10a · Land, buildings and equipment: cost or other basis
$1,652,155
-
10b · Land, buildings and equipment: accumulated depreciation
$943,556
-
10c · Land, buildings and equipment, net
beginning of year $729,670 · end of year $708,599
-
11 · Investments: publicly traded securities
beginning of year $11,684,924 · end of year $12,396,395
-
15 · Other assets
beginning of year $0 · end of year $3,141,730
-
17 · Accounts payable and accrued expenses
beginning of year $1,795,584 · end of year $1,725,101
-
19 · Deferred revenue
beginning of year $1,147,176 · end of year $1,524,161
-
23 · Secured mortgages and notes payable
beginning of year $1,000,000 · end of year $1,000,000
-
25 · Other liabilities
beginning of year $255,380 · end of year $3,269,711
-
27 · Net assets without donor restrictions
beginning of year $9,116,812 · end of year $7,434,965
-
28 · Net assets with donor restrictions
beginning of year $9,968,358 · end of year $8,610,023
Mission and programs · 2022
Mission
COLLEGE POSSIBLE IS A 501(C)(3) NON-PROFIT TAX-EXEMPT ORGANIZATION MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR LOW-INCOME STUDENTS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT.
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 $15,488,541 · Grants $692,144 · Revenue $615,250
-
CATALYZE: SEE SCHEDULE O.
Expenses $1,474,335 · Revenue $677,833
-
COLLEGEPOINT: SEE SCHEDULE O.
Expenses $527,724
-
NATIONAL OFFICE SUPPORTS THE ENTIRE OPERATION.
Expenses $3,389,107 · Revenue $15,300
-
CO-PILOT
Expenses $660,993 · Revenue $924,867
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Albert Fan Ex Officio DirALBERT FAN EX OFFICIO DIR
INTERIM CEO/DIRECT. (THROU. 04/2023)
- Total calculated
- $161,691
- From this org
- $161,691
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,691
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $161,691
-
Dr Siva KumariDR SIVA KUMARI
CEO (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 40
-
Joanna BurlesonJOANNA BURLESON
CHAIR
- Total calculated
- $0
- Hours/week
- 0.8
-
Daniel Lugo JDDANIEL LUGO JD
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Andrea MokrosANDREA MOKROS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Donnell ButlerDR DONNELL BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Doreen James WiseDR DOREEN JAMES WISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Fayneese MillerDR FAYNEESE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Jennifer RickardDR JENNIFER RICKARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Suzanne RiveraDR SUZANNE RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Joelle MurchisonJOELLE MURCHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Marlene IbsenMARLENE IBSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Norm BontjeNORM BONTJE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lavada Williams Senior ViceLAVADA WILLIAMS SENIOR VICE
PRESIDENT, PEOPLE AND CULTURE
- Total calculated
- $235,407
- From this org
- $221,234
- From related orgs
- $0
- Other
- $14,173
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,234
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,173
- Filer's total
- $235,407
-
Austin Buchan Senior ViceAUSTIN BUCHAN SENIOR VICE
PRESIDENT, PROGRAM & TECH INNOVATION
- Total calculated
- $198,912
- From this org
- $190,861
- From related orgs
- $0
- Other
- $8,051
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,861
- Bonus
- $30,000
- Other
- $0
- Deferred
- $1,321
- Nontaxable benefits
- $6,730
- Filer's total
- $198,912
-
Kellie SighKELLIE SIGH
VICE PRESIDENT OF SITE LEADERSHIP
- Total calculated
- $178,891
- From this org
- $156,686
- From related orgs
- $0
- Other
- $22,205
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,560
- Bonus
- $20,126
- Other
- $0
- Deferred
- $3,309
- Nontaxable benefits
- $18,896
- Filer's total
- $178,891
-
Lauren TreacyLAUREN TREACY
EXECUTIVE DIRECTOR, WASHINGTON
- Total calculated
- $153,339
- From this org
- $153,339
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,489
- Bonus
- $7,850
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $153,339
-
Lilia AlvaradoLILIA ALVARADO
HR DIRECTOR (THROU. 11/2022)
- Total calculated
- $192,005
- From this org
- $175,897
- From related orgs
- $0
- Other
- $16,108
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,897
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,108
- Filer's total
- $192,005
-
Arvin FrazierARVIN FRAZIER
SR EXECUTIVE DIRECTOR, OMAHA
- Total calculated
- $158,448
- From this org
- $148,723
- From related orgs
- $0
- Other
- $9,725
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,610
- Bonus
- $12,113
- Other
- $0
- Deferred
- $2,976
- Nontaxable benefits
- $6,749
- Filer's total
- $158,448
-
Christine PoormanCHRISTINE POORMAN
EXECUTIVE DIRECTOR, CHICAGO
- Total calculated
- $158,224
- From this org
- $155,105
- From related orgs
- $0
- Other
- $3,119
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,172
- Bonus
- $13,933
- Other
- $0
- Deferred
- $3,119
- Nontaxable benefits
- $0
- Filer's total
- $158,224
-
Precious MinesPRECIOUS MINES
EXECUTIVE DIRECTOR, PHILADELPHIA
- Total calculated
- $154,499
- From this org
- $145,085
- From related orgs
- $0
- Other
- $9,414
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,635
- Bonus
- $13,450
- Other
- $0
- Deferred
- $2,665
- Nontaxable benefits
- $6,749
- Filer's total
- $154,499
-
Emielle Nischik ExecutiveEMIELLE NISCHIK EXECUTIVE
DIR., PORTLAND OR (THROU. 07/2023)
- Total calculated
- $153,880
- From this org
- $151,043
- From related orgs
- $0
- Other
- $2,837
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,369
- Bonus
- $12,674
- Other
- $0
- Deferred
- $2,837
- Nontaxable benefits
- $0
- Filer's total
- $153,880
-
Craig RobinsonCRAIG ROBINSON
FORMER CEO
- Total calculated
- $365,077
- From this org
- $350,463
- From related orgs
- $0
- Other
- $14,614
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $114,379
- Bonus
- $30,120
- Other
- $205,964
- Deferred
- $0
- Nontaxable benefits
- $14,614
- Filer's total
- $365,077
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
- 2022
- Filed
- 22 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420249349301022
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