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Education : Youth Education Programs and Services

One Million Degrees

The Community College Project

three stars

87.16

180 North Wabash Suite 310
Chicago, IL 60601
tel: (312) 920-9605   Web Site
EIN: 42-1710230

Board Leadership
David Scherer
Chair

CEO
Paige Ponder
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 87.16 three stars
  Financial 85.57 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.

One Million Degrees empowers low-income, highly motivated community college students to succeed in school, in work, and in life. Formerly the Illinois Education Foundation, One Million Degrees was founded in 2006 by a group of social entrepreneurs who understood the specific challenges facing a uniquely overlooked student population - community college students. One Million Degrees believes that when given a solid system of support, every student has the ability to reach his or her full personal and professional potential.

One Million Degrees empowers low-income, highly motivated community college students to succeed in school, in work, and in life. Formerly the Illinois Education Foundation, One Million Degrees was founded in 2006 by a group of social entrepreneurs who understood the specific challenges facing a uniquely overlooked student population - community college students. One Million Degrees believes that when given a solid system of support, every student has the ability to reach his or her full personal and professional potential.

Financial

three stars

85.57

Accountability & Transparency

three stars

89.00

This rating was published 12/01/2018 and includes data from FY2017, 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)
69.5%
  Administrative Expenses 15.1%
  Fundraising Expenses 15.2%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 1.25
  Program Expenses Growth 30.8%
  Liabilities to Assets 3.1%
All data for Financial Performance Metrics calculations was provided by One Million Degrees on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by One Million Degrees on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
One Million Degrees (IL) 87.16 three stars
The Opportunity Network (NY) 89.50 three stars
AAUW - American Association of University Women (DC) 87.59 three stars
New Door Ventures (CA) 90.23 four stars
Chicago Scholars Foundation (IL) 90.73 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,846,482
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $666,746
   Related Organizations $0
   Government Grants $0
Total Contributions $3,513,228
   Program Service Revenue $390,767
Total Primary Revenue $3,903,995
   Other Revenue $-89,257
TOTAL REVENUE $3,814,738
   
EXPENSES  
   Program Expenses $1,919,394
   Administrative Expenses $302,315
   Fundraising Expenses $445,576
TOTAL FUNCTIONAL EXPENSES $2,667,285
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,147,453
   
Net Assets $2,821,908

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
Tuition and Stipends $903,991 47.1%
Communication with Scholars $842,428 43.9%
Student Development $156,702 8.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 12/01/2018 87.16 three stars
2016-06 09/01/2017 83.70 three stars
2015-06 11/01/2016 81.14 three stars
2014-06 06/01/2016 81.31 three stars
 
CN 2.0
2014-06 12/22/2015 76.92 two stars
2014-06 11/01/2015 75.49 two stars
2013-06 07/01/2014 82.84 three 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 42-1710230
Name in IRS Master File ONE MILLION DEGREES
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational 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 September, 2006
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, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

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

Compensation % of Expenses Paid to Title
$130,760 4.90% Paige Ponder CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
One Million Degrees (IL) 87.16 three stars
Students Rising Above (CA) 90.42 four stars
College Possible (MN) 91.38 four stars
Teach For America (NY) 88.00 three stars
Khan Academy (CA) 92.02 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

One Million Degrees
180 North Wabash
Suite 310
Chicago, IL 60601
tel: (312) 920-9605
EIN: 42-1710230

Visit Web Site

Board Leadership

David Scherer
Chair

CEO

Paige Ponder
Chief Executive Officer

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