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

Collegeready INC FY2021 filing

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Helps students pursue and succeed in college through encouragement and investment. For fiscal year 2021 it reported $1.0M in revenue, $962K 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 (2020–2021)
Revenue
$1.0MFY2021
Expenses
$962K
Net assets
$10.0M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1044089 Higher education institution Green Bay, WI Founded 1962
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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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 · $102K
Money in and out
$1.0M revenue, $962K expenses
Bottom line
+5% operating surplus
Financial scale & money flow · FY2021
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$962K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.18 Fundraising $0.05
Operating surplus
+5%
revenue over expenses, this legal entity
Payroll share
45%
of this entity's spending is salaries & benefits
Program spending
76%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.0M
FY2021▲ +22%
Expenses
$962K
FY2021▲ +3%
Total assets
$10.1M
FY2021▲ +12%
Total liabilities
$76K
FY2021▼ -40%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$962K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$10.1M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

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 1a12
Independent voting membersPt VI · Ln 1b12
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$102,475Pt VII · Sec A
Operations Director
$60,789Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$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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Mission & Programs · Part III

Where the work happens

2 program services account for $736K of program spending, described in the organization's own filed words · FY2020.
01

Scholarships

We help deserving students with financial need make their college dreams come true through scholarships. This past year we supported 178 local students with awards totaling $366,101. Recipients are selected through a comprehensive application process which evaluates their academic achievement, community involvement, leadership, and…

$560Kprogram expense
02

College Readiness

Our new scholars program helps area students overcome poverty with the power of education. Through our curriculum, which is built to improve reading, writing, and character development, we help low-income students become the first in their family to attend and graduate from college.

$175Kprogram expense

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Statement of Revenue

Part VIII
Investment income$527K · 52%
Contributions & grants$478K · 47%
Investment income52%$527K
Contributions & grants47%$478K
Program service revenue$3K
— government grantsLn 1e$59K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.18 Fundraising $0.05
Program services76%$736K
Management & general18%$176K
Fundraising5%$50K
Total functional expensesLn 25$962K

Balance Sheet

Part X · end of year
CashLn 1$478K
Total assetsLn 16$10.1M
Total liabilitiesLn 26$76K
Total net assetsLn 32$10.0M
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.1M · Operating expenses/yr $962K
125.4 months
Where the money goes
Program services
Program services $736K · Total expenses $962K
76%
Management & General
Management & general $176K · Total expenses $962K
18%
Fundraising
Fundraising $50K · Total expenses $962K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $47K · Solicited contributions (2-yr avg) $432K
$0.11 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $478K · Total revenue $1.0M
47%
Government reliance
Government grants $59K · Total revenue $1.0M
6%
Earned-income share
Program service revenue $3K · Total revenue $1.0M
0.3%
Investment reliance
Investment income $527K · Total revenue $1.0M
+52%
Program self-sufficiency
Program service revenue $3K · Total expenses $962K
0.3%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $829K
+22%
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 $1.0M · Expenses $962K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $10.1M
Net-asset ratio
Net assets $10.0M · Total assets $10.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.5M · Other securities (Pt X, ln 12) $1.1M · Total assets (Pt X, ln 16) $10.1M
95%
People & payroll
Highest Reported Total Compensation
Individual Brent Roubal · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $102K · Total expenses $962K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $432K · Total expenses $962K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 18%
Fundraising cost ratio 10%
Revenue growth 22%
Investment management fee ratio 0.4%
Legal fee ratio 3%
Accounting fee ratio 1.0%

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 · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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