Change Course EIN 87-4559307

Change Course FY2022 filing

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Educates and graduates students according to its mission. For fiscal year 2022 it reported $215K in revenue, $196K in expenses, and $19K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Wdm, IA
Website
change-course.org
Filings
3 on file (2022–2022)
Revenue
$215KFY2022
Expenses
$196K
Net assets
$19K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4559307 Public charity (501(c)(3)) Wdm, IA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates and graduates students according to its mission.
Leadership
Joseph Johnson · CEO · $22K
Money in and out
$215K revenue, $196K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.15 Fundraising $0.05
Program efficiency
80%
of spending reaches programs
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$215K
FY2022
Expenses
$196K
FY2022
Total assets
$20K
FY2022
Total liabilities
$1K
FY2022
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$19K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$20K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $156K of program spending, described in the organization's own filed words · FY2022.
01

Staff hired in 6-22 to prepare for 1ST class 11-22. Staff recruited participants,screened onboarded participants,prepare and train for curriculum, develop coaches,recruit volunteers,teach,establish partenre relationships etc

$123Kprogram expense
02

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

$25Kprogram expense
03

Program promotion cost to recruit participants, create brochures, social media ,video,etc

$7Kprogram 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 1a7
Independent voting membersPt VI · Ln 1b5
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
$22,407Pt VII · Sec A
Prog Director
$17,484Pt 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%$215K
Total revenueLn 12$215K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.15 Fundraising $0.05
Program services80%$156K
Management & general15%$29K
Fundraising5%$11K
Total functional expensesLn 25$196K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$20K
Total liabilitiesLn 26$1K
Total net assetsLn 32$19K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $196K
1.3 months
Where the money goes
Program services
Program services $156K · Total expenses $196K
80%
Management & General
Management & general $29K · Total expenses $196K
15%
Fundraising
Fundraising $11K · Total expenses $196K
5%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $215K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $215K
100%
Government reliance
Government grants — · Total revenue $215K
Earned-income share
Program service revenue $0 · Total revenue $215K
0%
Investment reliance
Investment income $0 · Total revenue $215K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $196K
0%
Growth & trend
Revenue growth (YoY)
This year $215K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $215K · Expenses $196K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $20K
Net-asset ratio
Net assets $19K · Total assets $20K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joseph Johnson · Reported title CEO · Highest reported compensation $22K · Total expenses $196K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $123K · Total expenses $196K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 15%
Fundraising cost ratio 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0.6%

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 · ⤓ 990 PDF
FY2023$419K revenue · ⤓ 990 PDF
FY2022$215K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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