Change Course EIN 87-4559307

Change Course

EIN  87-4559307 Public charity (501(c)(3)) Wdm, IA
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Size
$100K–1M
What they do
Educates and graduates students according to its mission.
Leadership
Joseph Johnson · CEO · $71K
Money in and out
$557K revenue, $572K expenses
Bottom line
77% program efficiency

Educates and graduates students according to its mission. For fiscal year 2024 it reported $557K in revenue, $572K in expenses, and $-33K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$557K
Pt VIII · Ln 12
Total expenses
$572K
Pt IX · Ln 25
Net assets
$-33K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program efficiency
77%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate▲ +117% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +75% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$557K
FY2024▲ +33%
Expenses
$572K
FY2024▲ +23%
Total assets
$63K
FY2024▲ +190%
Total liabilities
$96K
FY2024▲ +162%
Total revenue
$557K
Pt VIII · Ln 12
Total expenses
$572K
Pt IX · Ln 25
Net assets
$-33K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$63K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

2 program services account for $409K of program spending, described in the organization's own filed words · FY2024.
01

Staff hired in 2022 to date to prepare for classes in 2024 and future. Staff recruited participants,screened onboarded participants,prepare and train for curriculum, develop coaches,recruit volunteers,teach,establish partner relationships etc

$407Kprogram expense
02

Legal accounting to maintain entity, website development for recruitment of participants volunteers, etc

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChange Course
EINHdr · item D87-4559307
Principal addressHdr · item CWdm, IA
WebsiteHdr · item Jchange-course.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$70,826Pt VII · Sec A
Prog Director
$54,889Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joseph Johnson’s $71K as CEO is at the 65th percentile of top reported officer pay among 1212 $100K–1M employment 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

NameFY2024FY2023FY2022
Joseph Johnson$70,826$40,066$22,407
Karin Johnson$54,889$31,775$17,484

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
Contributions & grants100%$557K
Investment income$1
Total revenueLn 12$557K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.15 Fundraising $0.08
Program services77%$441K
Management & general15%$87K
Fundraising8%$44K
Total functional expensesLn 25$572K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$63K
Total liabilitiesLn 26$96K
Total net assetsLn 32$-33K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $572K
1.3 months
Where the money goes
Program services
Program services $441K · Total expenses $572K
77%
Management & General
Management & general $87K · Total expenses $572K
15%
Fundraising
Fundraising $44K · Total expenses $572K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $24K · Solicited contributions (3-yr avg) $397K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $557K · Total revenue $557K
100%
Government reliance
Government grants — · Total revenue $557K
Earned-income share
Program service revenue $0 · Total revenue $557K
0%
Investment reliance
Investment income $1 · Total revenue $557K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $572K
0%
Growth & trend
Revenue growth (YoY)
This year $557K · Prior year $419K
+33%
Net-asset trend (YoY)
End of year $-33K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $557K · Expenses $572K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $63K
Net-asset ratio
Net assets $-33K · Total assets $63K
-53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $63K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joseph Johnson · Reported title CEO · Highest reported compensation $71K · Total expenses $572K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $407K · Total expenses $572K
71%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 15%
Fundraising cost ratio 8%
Revenue growth 33%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 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 · funders on record
Grants received · FY2024
See all 6 funders →

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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 (Latest)$557K revenue · viewing · ⤓ 990 PDF
FY2023$419K revenue · ⤓ 990 PDF
FY2022$215K 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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