College Possible
- Assets
- $23.3m
- Revenue
- $31.2m
- Investments
- $0.0
- Employees
- 813
- Location
- Saint Paul, MN
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 41-1968798
Organization Overview
College Possible is located in Saint Paul, MN. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, College Possible employed 813 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Possible is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, College Possible generated $31.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $27.8m during the year ending 06/2022. While expenses have increased by 14.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE POSSIBLE IS MAKING COLLEGE ADMISSION AND SUCCESS POSSIBLE FOR STUDENTS FROM LOW-INCOME BACKGROUNDS THROUGH AN INTENSIVE CURRICULUM OF COACHING AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLAGSHIP: SEE SCHEDULE O.
CATALYZE: SEE SCHEDULE O.
COLLEGEPOINT: SEE SCHEDULE O.
COPILOT: COPILOT IS AN INDUSTRY-LEADING STUDENT INFORMATION SYSTEM PROVIDING STUDENT SUPPORT PROFESSIONALS/PRACTITIONERS WITH A 360-DEGREE VIEW OF THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Robinson Ceo / Director (through 05/2022) | OfficerTrustee | 40 | $284,898 |
Jim Mccorkell Former Chief Executive Officer / Former Director | 0 | $281,582 | |
William Wesley Wells Interim Senior Vp, External Relations | 40 | $183,476 | |
Jon Schwartz Svp Finance And Operations (through 05/2022) | Officer | 40 | $172,323 |
Lavada Williams Senior Vp, People & Culture | Officer | 40 | $169,675 |
Joanna Ramirez Svp Site Ops Until Late 2021, Then Mn Ed | 40 | $152,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bellweather Education Partners Strategic Planning | 6/29/22 | $186,510 |
Aspen Root Strategy Executive Coaching | 6/29/22 | $107,667 |
Whiteboard Advisors Marketing Consultants | 6/29/22 | $130,591 |
Mirror Mirror Strategies Organizational Development | 6/29/22 | $163,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,580,851 |
| Related organizations | $0 |
| Government grants | $7,089,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,205,300 |
| Noncash contributions included in lines 1a–1f | $260,618 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,875,422 |
| Total Program Service Revenue | $2,144,057 |
| Investment income | $244,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,236 |
| Net Income from Fundraising Events | -$38,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,201,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $927,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $979,815 |
| Compensation of current officers, directors, key employees. | $89,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,580,675 |
| Pension plan accruals and contributions | $434,612 |
| Other employee benefits | $1,657,366 |
| Payroll taxes | $1,217,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,725 |
| Fees for services: Accounting | $78,634 |
| Fees for services: Lobbying | $70,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,288 |
| Fees for services: Other | $1,998,318 |
| Advertising and promotion | $192,865 |
| Office expenses | $51,993 |
| Information technology | $1,282,400 |
| Royalties | $0 |
| Occupancy | $1,372,960 |
| Travel | $115,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,351 |
| Interest | $25,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $407,165 |
| Insurance | $73,192 |
| All other expenses | $6,912 |
| Total functional expenses | $27,834,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,033,702 |
| Savings and temporary cash investments | $3,209,174 |
| Pledges and grants receivable | $3,855,925 |
| Accounts receivable, net | $2,367,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $402,553 |
| Net Land, buildings, and equipment | $729,670 |
| Investments—publicly traded securities | $11,684,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,283,310 |
| Accounts payable and accrued expenses | $1,795,584 |
| Grants payable | $0 |
| Deferred revenue | $1,147,176 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $255,380 |
| Total liabilities | $4,198,140 |
| Net assets without donor restrictions | $9,116,812 |
| Net assets with donor restrictions | $9,968,358 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,283,310 |
Grants Recieved
Over the last fiscal year, we have identified 67 grants that College Possible has recieved totaling $7,101,532.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $2,150,000 |
Northstar Education Finance Inc Eagan, MN PURPOSE: TO PROVIDE AFTER-SCHOOL PROGRAMMING FOR HIGH-SCHOOL STUDENTS TO BETTER PREPARE THEM FOR ADMISSION TO COLLEGE. ADDITIONALLY, PROVIDE COACHES TO COLLEGE STUDENTS USING A STRUCTURED CURRICULUM FOCUSED ON THE ACADEMIC, FINANCIAL AND CULTURAL BARRIERS THAT HAVE BEEN IDENTIFIED AS BARRIERS TO COLLEGE SUCCESS FOR LOW-INCOME STUDENTS, WITH THE GOAL OF HELPING THEM SUCCEED AND GRADUATE FROM COLLEGE. | $1,256,667 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: SUPPORTING THE MERGER OF COLLEGE POSSIBLE AND COLLEGE FORWARD | $496,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $400,000 |
A Better Chicago Chicago, IL PURPOSE: Community Development | $250,000 |
Cargill Foundation Minneapolis, MN PURPOSE: COLLEGE READINESS PROGRAMMING | $225,000 |
Endowment Analysis
| Beg. Balance | $2,695,060 |
| Earnings | -$397,855 |
| Ending Balance | $2,297,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |