Disable all preview features

Education : Youth Education Programs and Services

One Million Degrees

The Community College Project

impact data icon

Impact Information Available From Our Partner: GuideStar

three stars

83.70

226 West Jackson #528 Chicago, IL 60606
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 83.70 three stars
  Financial 82.50 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 09/01/2017 and includes data from FY2016, 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.

Impact Information

data icon GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact. GuideStar has recognized this organization with a Gold Seal of Transparency for voluntarily and publicly describing their goals, strategies, and accomplishments.
Charting Impact

What is your organization aiming to accomplish?

What are your strategies for making this happen?

What are your organization's capabilities for doing this?

How will your organization know if you are making progress?

What have and haven't you accomplished so far?

Did you find the Impact Information useful?
There was a problem saving your response. Please try again.
Thank you for your feedback. If you wish to share more about this data you may do so below.
Your feedback has been recorded
There was a problem saving your response. Please try again.
This impact information is current as of November 2018, when it was provided to us by GuideStar. Impact information published on this organization's rating page has no effect on its rating at this time.

Financial

three stars

82.50

Accountability & Transparency

three stars

85.00

This rating was published 09/01/2017 and includes data from FY2016, 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)
67.5%
  Administrative Expenses 18.6%
  Fundraising Expenses 13.7%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 0.95
  Program Expenses Growth 17.9%
  Liabilities to Assets 14.9%
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) 83.70 three stars
The Opportunity Network (NY) 89.50 three stars
Enactus (MO) 85.32 three stars
Teach For America (NY) 88.00 three stars
New Door Ventures (CA) 90.23 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,531,924
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $489,784
   Related Organizations $0
   Government Grants $0
Total Contributions $3,021,708
   Program Service Revenue $0
Total Primary Revenue $3,021,708
   Other Revenue $-153,291
TOTAL REVENUE $2,868,417
   
EXPENSES  
   Program Expenses $1,345,989
   Administrative Expenses $330,009
   Fundraising Expenses $335,081
TOTAL FUNCTIONAL EXPENSES $2,011,079
   
Payments to Affiliates $0
Excess (or Deficit) for the year $857,338
   
Net Assets $1,708,126

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
Communication with Scholars $601,182 44.7%
Tuition and Stipends $471,090 35.0%
Student Development $256,123 19.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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
$129,351 6.43% Paige Ponder Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
One Million Degrees (IL) 83.70 three stars
OneGoal (IL) 85.76 three stars
Year Up (MA) 90.92 four stars
Students Rising Above (CA) 90.42 four stars
AAUW - American Association of University Women (DC) 87.59 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

One Million Degrees
226 West Jackson #528
Chicago, IL 60606
tel: (312) 920-9605
EIN: 42-1710230

Visit Web Site

Board Leadership

David Scherer
Chair

CEO

Paige Ponder
Chief Executive Officer

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.