Collegeready INC FY2024 filing

Tax-deductible

Green Bay, WI501(c)(3)Since 1962EducationEIN 39-1044089

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Through scholarships and college readiness programming, we create hope and brighter futures for youth of all backgrounds in northeast wisconsin.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$181K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $79K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$181K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $283K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$75K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$934K
+54% vs prior year
Spent
$1.1M
To programs
76%
Net assets
$9.1M
By yearFY2020–FY2024
Revenue
$934K
FY2024▲ +54%
Revenue by fiscal year
FY2020$829K
FY2021$1.0M
FY2022$1.1M
FY2023$608K
FY2024$934K
FY2024$2.4M
Expenses
$1.1M
FY2024▲ +11%
Expenses by fiscal year
FY2020$935K
FY2021$962K
FY2022$930K
FY2023$968K
FY2024$1.1M
FY2024$910K
Net assets
$9.1M
FY2024▲ +7%
Net assets by fiscal year
FY2020$8.9M
FY2021$10.0M
FY2022$8.4M
FY2023$8.5M
FY2024$9.1M
FY2024$10.0M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $814K Management & general 18% · $196K Fundraising 6% · $61K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $181K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$110,919Pt VII · Sec A
Operations Director
$70,260Pt 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 3394 $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.

See Collegeready INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps students pursue and succeed in college through encouragement and investment.

Provided by the organization

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2 programs · $814K · in their own filed words · FY2023
01

Scholarships

We help deserving local students with financial need achieve their college and career dreams through scholarships. This past year we supported 172 local students with financial awards. Recipients are chosen through a comprehensive process, which evaluates their academic achievement, community involvement, leadership, and participation in…

$659Kprogram 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.

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$934K
Ln 12
Investment incomeLn 3$528K
Gifts and grantsLn 1h$405K
Fees for servicesLn 2g$2K
Money outPt IX
$1.1M
Ln 25
Programscol B$814K
Managementcol C$196K
Fundraisingcol D$61K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$9.2M
LiabilitiesLn 26$75K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$405K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$2K
Investment incomeLn 3$528K
Gains on assetsLn 7$344K
Total revenueLn 12$934K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$141K
InvestmentsLn 11–13$9.0M
Other assetsLn 15$7K
Total assetsLn 16$9.2M
LiabilitiesLn 26$75K
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 698
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$216K$141K
InvestmentsLn 11–13$8.4M$9.0M
Total assetsLn 16$8.6M$9.2M
LiabilitiesLn 26$77K$75K
Net assetsLn 32$8.5M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$393K$393K
Pay of current officers, directors and key staffLn 5$225K$147K$56K$23K
Other salaries and wagesLn 7$202K$132K$50K$20K
Pension plan contributionsLn 8$3K$2K$818$332
Other employee benefitsLn 9$11K$7K$3K$1K
Payroll taxesLn 10$32K$21K$8K$3K
Accounting feesLn 11c$17K$7K$9K$473
Investment management feesLn 11f$38K$38K
Other fees for servicesLn 11g$22K$10K$11K$616
Advertising and promotionLn 12$3K$1K$178$843
Office expensesLn 13$15K$5K$887$9K
Information technologyLn 14$40K$34K$4K$1K
OccupancyLn 16$21K$16K$4K$1K
TravelLn 17$10K$10K$49$15
Conferences, conventions and meetingsLn 19$3K$3K$439$118
InsuranceLn 23$10K$6K$2K$967
Other expenses (24a–d)Ln 24$27K$19K$8K
Total functional expensesLn 25$1.1M$814K$196K$61K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $934K$1.1M−$137K$9.1M 990 PDF
FY2023 $608K$968K−$361K$8.5M 990 PDF
FY2022 $1.1M$930K$161K$8.4M 990 PDF
FY2021 $1.0M$962K$46K$10.0M 990 PDF
FY2020 $829K$935K−$106K$8.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $934,345 across 7 lines filed
VIII-1f All other contributions, gifts and grants$404,655
VIII-1g Noncash contributions (included above)$6,191
VIII-1h Total contributions, gifts and grants$404,655
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,000$2,000
VIII-3 Investment incomeExcluded from tax $183,351$183,351
VIII-7 Net gain or loss on sales of assetsExcluded from tax $344,339$344,339
VIII-12 Total revenueRelated to mission $2,000 · Unrelated business $0 · Excluded from tax $527,690$934,345
Part IX · Statement of functional expenses $1,070,960 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $392,813$392,813
IX-5 Pay of current officers, directors and key staffPrograms $146,750 · Management $55,541 · Fundraising $22,533$224,824
IX-7 Other salaries and wagesPrograms $131,697 · Management $49,843 · Fundraising $20,222$201,762
IX-8 Pension plan contributionsPrograms $2,162 · Management $818 · Fundraising $332$3,312
IX-9 Other employee benefitsPrograms $7,445 · Management $2,818 · Fundraising $1,143$11,406
IX-10 Payroll taxesPrograms $21,158 · Management $8,008 · Fundraising $3,249$32,415
IX-11c Accounting feesPrograms $7,377 · Management $8,785 · Fundraising $473$16,635
IX-11f Investment management feesManagement $38,232$38,232
IX-11g Other fees for servicesPrograms $9,608 · Management $11,442 · Fundraising $616$21,666
IX-12 Advertising and promotionPrograms $1,499 · Management $178 · Fundraising $843$2,520
IX-13 Office expensesPrograms $5,445 · Management $887 · Fundraising $8,547$14,879
IX-14 Information technologyPrograms $34,272 · Management $4,439 · Fundraising $1,305$40,016
IX-16 OccupancyPrograms $16,391 · Management $3,572 · Fundraising $1,051$21,014
IX-17 TravelPrograms $9,511 · Management $49 · Fundraising $15$9,575
IX-19 Conferences, conventions and meetingsPrograms $2,661 · Management $439 · Fundraising $118$3,218
IX-23 InsurancePrograms $6,302 · Management $2,385 · Fundraising $967$9,654
IX-24 Other expenses (24a–d)Programs $18,743 · Management $8,276$27,019
IX-25 Total functional expensesPrograms $813,834 · Management $195,712 · Fundraising $61,414$1,070,960
Part X · Balance sheet $9,213,096 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $33,490$44,131
X-2 Savings and temporary cash investmentsStart of year $182,669$96,724
X-3 Pledges and grants receivable$38,500
X-9 Prepaid expenses and deferred chargesStart of year $6,764$6,925
X-11 Publicly traded securitiesStart of year $7,471,816$7,999,512
X-12 Other securitiesStart of year $910,752$1,020,162
X-15 Other assetsStart of year $5,641$7,142
X-16 Total assetsStart of year $8,611,132$9,213,096
X-17 Accounts payable and accrued expensesStart of year $30,294$45,227
X-18 Grants payableStart of year $3,500$3,500
X-26 Total liabilitiesStart of year $76,929$74,987
X-27 Net assets without donor restrictionsStart of year $4,682,350$5,193,512
X-28 Net assets with donor restrictionsStart of year $3,851,853$3,944,597
X-32 Total net assets or fund balancesStart of year $8,534,203$9,138,109
X-33 Total liabilities and net assetsStart of year $8,611,132$9,213,096
Part XI · Reconciliation of net assets $9,138,109 net assets at year end
XI-1 Total revenue$934,345
XI-2 Total expenses$1,070,960
XI-3 Revenue less expenses−$136,615
XI-4 Net assets at start of year$8,534,203
XI-5 Net unrealized gains (losses) on investments$740,521
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,138,109

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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