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Education : Youth Education Programs and Services

One Million Degrees

The Community College Project

four stars

90.46

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 90.46 four stars
  Financial 92.20 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2021 and includes data from FY2019, 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

four stars

92.20

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2021 and includes data from FY2019, 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)
75.2%
  Administrative Expenses 11.1%
  Fundraising Expenses 13.6%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.50
  Program Expenses Growth 24.0%
  Liabilities to Assets 1.1%
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) 90.46 four stars
New Door Ventures (CA) 90.49 four stars
The Citizens Foundation, USA (TX) 93.73 four stars
PUENTE Learning Center (CA) 87.52 three stars
Put On The BRAKES, B.R.A.K.E.S. (NC) 86.10 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,115,300
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $527,167
   Related Organizations $0
   Government Grants $480,415
Total Contributions $5,122,882
   Program Service Revenue $0
Total Primary Revenue $5,122,882
   Other Revenue $-104,086
TOTAL REVENUE $5,018,796
   
EXPENSES  
   Program Expenses $2,565,888
   Administrative Expenses $476,776
   Fundraising Expenses $440,194
TOTAL FUNCTIONAL EXPENSES $3,482,858
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,535,938
   
Net Assets $4,692,194

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 $1,801,131 70.2%
Tuition and Stipends $589,184 23.0%
Student Development $175,573 6.8%

Ratings History
One Million Degrees has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 04/01/2021 90.46 four stars
2018-06 09/03/2019 90.29 four stars
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, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$153,213 4.39% Paige Ponder CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
One Million Degrees (IL) 90.46 four stars
Rainier Scholars (WA) 95.75 four stars
GreatSchools (CA) 86.76 three stars
Bottom Line (MA) 90.78 four stars
The Opportunity Network (NY) 93.10 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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