Collegeready INC EIN 39-1044089 Form 990 (PDF) Claim this org

Collegeready INC

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Helps students pursue and succeed in college through encouragement and investment. For fiscal year 2024 it reported $2.4M in revenue, $910K in expenses, and $10.0M in net assets.Pt I

Founded
1962
Type
Higher education institution · Education
Location
Green Bay, WI
Website
collegereadywi.org
Filings
5 on file (2020–2024)
Revenue
$2.4MFY2024
Expenses
$910K
Net assets
$10.0M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1044089 Higher education institution Green Bay, WI Founded 1962
Form 990 (PDF)
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Figures match the IRS filing checked 9/2/26 · see original: IRS
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Size
$1–10M
What they do
Helps students pursue and succeed in college through encouragement and investment.
Leadership
Brent Roubal · Executive Director · $114K
Money in and out
$2.4M revenue, $910K expenses
Bottom line
+63% operating surplus
Financial scale & money flow · FY2024
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$910K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.5M
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.20 Fundraising $0.16
Operating surplus
+63%
revenue over expenses, this legal entity▲ +529% vs prior filing year
Payroll share
51%
of this entity's spending is salaries & benefits▲ +15% vs prior filing year
Program spending
65%
of expenses reach program services▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.4M
FY2024▲ +161%
Expenses
$910K
FY2024▼ -15%
Total assets
$10.0M
FY2024▲ +9%
Total liabilities
$75K
FY2024-0.2%
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$910K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.5M
Total assetsPt X · Ln 16$10.0M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services account for $589K of program spending, described in the organization's own filed words · FY2024.
01

Scholarships

We help deserving local students with financial need achieve their college and career dreams through scholarships. This past year we supported 181 local students with financial awards. Recipients are chosen through a comprehensive process, which evaluates their academic achievement, community involvement, leadership, and participation in…

$393Kprogram expense
02

College Readiness

We help area students overcome poverty with the power of education. Through a curriculum built to improve their reading, writing, and character development, we help youth from low-income backgrounds become the first in their family to attend and graduate from college.

$196Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCollegeready INC
EINHdr · item D39-1044089
Principal addressHdr · item CGreen Bay, WI
WebsiteHdr · item Jcollegereadywi.org
Year of formationHdr · item L1962
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFMay 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$114,264Pt VII · Sec A
Operations Director
$72,530Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brent Roubal’s $114K as Executive Director is at the 41st percentile of top reported officer pay among 3392 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Brent Roubal$114,264$110,919$107,906$102,292$102,475$95,561
Jennifer Tice$72,530$70,260$66,263$61,919$60,789$55,316

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$1.4M · 57%
Contributions & grants$1.1M · 43%
Investment income57%$1.4M
Contributions & grants43%$1.1M
Program service revenue$1K
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.20 Fundraising $0.16
Program services65%$589K
Management & general20%$178K
Fundraising16%$143K
Total functional expensesLn 25$910K

Balance Sheet

Part X · end of year
CashLn 1$345K
Total assetsLn 16$10.0M
Total liabilitiesLn 26$75K
Total net assetsLn 32$10.0M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.0M · Operating expenses (Pt IX) $910K · Less non-cash grants $3K · Cash operating expenses/yr $906K
132.2 months
Where the money goes
Program services
Program services $589K · Total expenses $910K
65%
Management & General
Management & general $178K · Total expenses $910K
20%
Fundraising
Fundraising $143K · Total expenses $910K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $87K · Solicited contributions (3-yr avg) $641K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $2.4M
43%
Government reliance
Government grants — · Total revenue $2.4M
Earned-income share
Program service revenue $1K · Total revenue $2.4M
0.05%
Investment reliance
Investment income $1.4M · Total revenue $2.4M
+57%
Program self-sufficiency
Program service revenue $1K · Total expenses $910K
0.1%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $934K
+161%
Revenue CAGR
FY2019 $829K · FY2024 $2.4M
+24%
Net-asset trend (YoY)
End of year $10.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $910K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $10.0M
Net-asset ratio
Net assets $10.0M · Total assets $10.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.6M · Other securities (Pt X, ln 12) $1.1M · Total assets (Pt X, ln 16) $10.0M
96%
People & payroll
Highest Reported Total Compensation
Individual Brent Roubal · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $114K · Total expenses $910K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $464K · Total expenses $910K
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 20%
Fundraising cost ratio 14%
Revenue growth 161%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 6 grants · $2.1M · 2019–2024
Unitemized GrantFY2024$194,323
Unitemized GrantFY2023$392,813
Unitemized GrantFY2022$371,568
Unitemized GrantFY2021$352,486
Unitemized GrantFY2020$366,101
Unitemized GrantFY2019$410,650

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$934K revenue · ⤓ 990 PDF
FY2023$608K revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$829K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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