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Education : Youth Education Programs and Services

College Possible

Open a world of opportunity

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Impact Information is available from our partner, GuideStar

four stars

91.28

540 North Fairview Ave. Suite 304
Saint Paul, MN 55104
tel: (844) 434-2885   Web Site
EIN: 41-1968798

Board Leadership
Stephen M. Smith
Chair

CEO
Jim McCorkell
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 91.28 four stars
  Financial 87.68 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.

College Possible was founded in 2000 because far too many college-capable low-income students fail to earn admission to college and complete their degree. A student from an upper income family is ten times as likely to earn a college degree as a low-income student. This trend has been widely identified not only as a fundamental problem of injustice, but also as a factor that will inhibit our country's ability to compete in the global economy in the years ahead. By providing low-income students with both the guidance and the basic tools necessary to compete effectively, College Possible has demonstrated that its program can dramatically improve students' chances of earning a college degree. To date, 98% of our students have earned admission to college and nearly 80 percent have graduated or are persisting towards their degree.

College Possible was founded in 2000 because far too many college-capable low-income students fail to earn admission to college and complete their degree. A student from an upper income family is ten times as likely to earn a college degree as a low-income student. This trend has been widely identified not only as a fundamental problem of injustice, but also as a factor that will inhibit our country's ability to compete in the global economy in the years ahead. By providing low-income students with both the guidance and the basic tools necessary to compete effectively, College Possible has demonstrated that its program can dramatically improve students' chances of earning a college degree. To date, 98% of our students have earned admission to college and nearly 80 percent have graduated or are persisting towards their degree.

Impact Information

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This impact information is current as of July 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

87.68

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.9%
  Administrative Expenses 11.0%
  Fundraising Expenses 12.0%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 0.74
  Program Expenses Growth 21.2%
  Liabilities to Assets 8.9%
All data for Financial Performance Metrics calculations was provided by College Possible on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by College Possible on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
College Possible (MN) 91.28 four stars
Teach For America (NY) 87.77 three stars
AAUW - American Association of University Women (DC) 85.88 three stars
New Door Ventures (CA) 86.79 three stars
Bottom Line (MA) 89.92 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $14,498,437
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $284,451
   Related Organizations $0
   Government Grants $4,384,547
Total Contributions $19,167,435
   Program Service Revenue $345,225
Total Primary Revenue $19,512,660
   Other Revenue $61,165
TOTAL REVENUE $19,573,825
   
EXPENSES  
   Program Expenses $14,245,376
   Administrative Expenses $2,020,089
   Fundraising Expenses $2,434,218
TOTAL FUNCTIONAL EXPENSES $18,699,683
   
Payments to Affiliates $0
Excess (or Deficit) for the year $874,142
   
Net Assets $13,035,086

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Providing Support to Low-Income Students $13,102,124 92.0%
Catalyze Program for Near-Peer Coaching $1,143,252 8.0%

Ratings History
College Possible has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 07/01/2019 91.28 four stars
2017-06 05/01/2018 91.38 four stars
2015-08 11/01/2016 88.79 three stars
2014-08 06/01/2016 90.58 four stars
 
CN 2.0
2014-08 11/01/2015 94.33 four stars
2013-08 11/01/2014 92.40 four stars
2012-08 11/01/2013 92.11 four stars
2011-08 07/01/2012 95.70 four stars
2010-08 03/01/2012 92.10 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-1968798
Name in IRS Master File COLLEGE POSSIBLE
NTEE Code B99
NTEE Classification Education N.E.C.
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2016
  • August, 2015
  • August, 2014
Compensation % of Expenses Paid to Title
$308,398 1.64% Jim McCorkell Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
College Possible (MN) 91.28 four stars
Year Up (MA) 90.18 four stars
One Million Degrees (IL) 87.16 three stars
The Opportunity Network (NY) 89.50 three stars
Bottom Line (MA) 89.92 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

College Possible
540 North Fairview Ave.
Suite 304
Saint Paul, MN 55104
tel: (844) 434-2885
fax: (651) 288-9456
EIN: 41-1968798

Visit Web Site

Board Leadership

Stephen M. Smith
Chair

CEO

Jim McCorkell
Chief Executive Officer

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