Civic Intelligence

Collegeready Inc.

990 • Fiscal year 2022 • EIN 39-1044089

Sep 01, 2021 to Aug 31, 2022 • Filed on Mar 23, 2023

Organization ProfileCOLLEGEREADYWI.ORG

Refreshing map…

715 Superior Road Suite 102Green Bay, WI 54311

(920) 857-9088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.07x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$116,538

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

10th percentile

-16%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

8.2%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$8,435,239

Down $1,625,738 (-16%) from 2021

Net Assets

Down

$8,360,950

Down $1,624,216 (-16%) from 2021

Liabilities

Down

$74,289

Down $1,522 (-2.0%) from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin64th percentile

Revenue

Up

$1,090,885

Up $82,909 (+8.2%) from 2021

Expenses

Down

$929,766

Down $32,244 (-3.4%) from 2021

Net Income

Up

$161,119

Up $115,153 (+251%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $6,625,572Liabilities 2011: $375,756Net Assets 2011: $6,249,8162011Assets 2012: $7,494,309Liabilities 2012: $409,545Net Assets 2012: $7,084,7642012Assets 2013: $7,973,526Liabilities 2013: $189,242Net Assets 2013: $7,784,2842013Assets 2014: $9,320,908Liabilities 2014: $574,774Net Assets 2014: $8,746,1342014Assets 2015: $8,594,469Liabilities 2015: $429,446Net Assets 2015: $8,165,0232015Assets 2016: $8,897,780Liabilities 2016: $433,597Net Assets 2016: $8,464,1832016Assets 2017: $9,118,202Liabilities 2017: $401,226Net Assets 2017: $8,716,9762017Assets 2018: $8,837,666Liabilities 2018: $58,507Net Assets 2018: $8,779,1592018Assets 2019: $8,379,526Liabilities 2019: $63,714Net Assets 2019: $8,315,8122019Assets 2020: $8,979,928Liabilities 2020: $127,140Net Assets 2020: $8,852,7882020Assets 2021: $10,060,977Liabilities 2021: $75,811Net Assets 2021: $9,985,1662021Assets 2022: $8,435,239Liabilities 2022: $74,289Net Assets 2022: $8,360,9502022Assets 2023: $8,611,132Liabilities 2023: $76,929Net Assets 2023: $8,534,2032023Assets 2024: $9,213,096Liabilities 2024: $74,987Net Assets 2024: $9,138,1092024

Highlighted filing

2022

Assets$8,435,239
Liabilities$74,289
Net Assets$8,360,950
Open 2022 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $537,0952011Expenses 2012: $630,6072012Revenue 2013: $897,800Expenses 2013: $696,261Net Income 2013: $201,5392013Revenue 2014: $1,166,821Expenses 2014: $789,460Net Income 2014: $377,3612014Revenue 2015: $706,026Expenses 2015: $784,356Net Income 2015: -$78,3302015Revenue 2016: $981,550Expenses 2016: $848,220Net Income 2016: $133,3302016Revenue 2017: $603,585Expenses 2017: $883,973Net Income 2017: -$280,3882017Revenue 2018: $887,560Expenses 2018: $930,470Net Income 2018: -$42,9102018Revenue 2019: $859,341Expenses 2019: $958,275Net Income 2019: -$98,9342019Revenue 2020: $828,790Expenses 2020: $935,014Net Income 2020: -$106,2242020Revenue 2021: $1,007,976Expenses 2021: $962,010Net Income 2021: $45,9662021Revenue 2022: $1,090,885Expenses 2022: $929,766Net Income 2022: $161,1192022Revenue 2023: $607,550Expenses 2023: $968,100Net Income 2023: -$360,5502023Revenue 2024: $934,345Expenses 2024: $1,070,960Net Income 2024: -$136,6152024

Highlighted filing

2022

Revenue$1,090,885
Expenses$929,766
Net Income$161,119
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Mar 23, 2023
Return Version
2021v4.2
Gross Receipts
$2,326,740
Mission and Program Overview

Mission

Scholarships, incorporated is a non-profit organization whose mission is to encourage and invest in area students to succeed in higher education.

Collegeready creates hope and brighter futures for youth of all backgrounds in northeast wisconsin. Through scholarships and college readiness programming, we help students break down barriers to higher education and change their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,514,183$7,203,750▼ $1,310,433
Investments Other Securities$1,059,022$885,759▼ $173,263
Savings and Temporary Cash Investments$430,726$273,556▼ $157,170
Cash and Non-Interest-Bearing Accounts$47,098$51,164▲ $4,066
Pledges and Grants Receivable$1,000$10,500▲ $9,500
Prepaid Expenses and Deferred Charges$7,196$6,644▼ $552
Total Assets$10,060,977$8,435,239▼ $1,625,738
Other Assets Total$1,752$3,866▲ $2,114
Liabilities
Escrow Account Liability$43,135$43,135→ $0
Accounts Payable and Accrued Expenses$29,676$27,654▼ $2,022
Grants Payable$3,000$3,500▲ $500
Total Liabilities$75,811$74,289▼ $1,522
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,008,247$4,586,606▼ $1,421,641
Net Assets With Donor Restrictions$3,976,919$3,774,344▼ $202,575
Total Net Assets Fund Balance$9,985,166$8,360,950▼ $1,624,216
Total Liabilities and Net Assets / Fund Balance$10,060,977$8,435,239▼ $1,625,738

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$885,759--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent RoubalExecutive DirectorFT$102,292$14,246$116,538
Jennifer TiceOperations DirectorFT$61,919$12,795$74,714

Board Members and Trustees

NameTitle
Mark FischerPresident
Susan SchoenbergerVice President
Cindy ZuegeBoard Member
Claire WilliamsBoard Member
David Van StratenBoard Member
Jennifer JonesBoard Member
Lora WarnerBoard Member
Mike HoganBoard Member
Heather SeabornSecretary
Benjamin HayesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$508,660
Program Service Revenue
$3,000
Investment Income
$579,225
Other Revenue
$0
All Other Contributions
$500,115
Change in Net Assets
$161,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,050,023
Revenue Not Reported on Financial Statements
$40,862
Revenue Not Reported on Form 990
$-1,782,760
Total Revenue per Audited Statements
$-732,737
Total Revenue per Form 990
$1,090,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$416,603
Grants and Similar Amounts Paid$352,486
Other Expenses$160,677
Total Fundraising Expense$51,062
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$352,486--$352,486
Current Officers, Directors, Trustees, and Key Employees$68,983$95,979$34,886$199,848
Other Salaries and Wages$158,434$4,233-$162,667
Fees for Service Investment Mgmnt Fees-$40,862-$40,862
Payroll Taxes$18,370$7,348$2,544$28,262
Fees for Services Legal$18,131$3,672$1,148$22,951
Other Employee Benefits$19,416$1,602$368$21,386
Occupancy$15,910$3,222$1,007$20,139
Information Technology$15,196$2,696$842$18,734
Office Expenses$8,000$1,240$8,119$17,359
Fees for Services Accounting-$10,432-$10,432
Other Expenses$15,335$6,030$1,036$6,030
Pension Plan Contributions$4,418$22-$4,440
Travel$3,741$16$6$3,763
Advertising$841$89$1,037$1,967
Conferences and Meetings$1,089$221$69$1,379
Total Functional Expenses$700,350$178,354$51,062$929,766

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$929,766
Total Expenses per Audited Statements$891,479
Expenses per Audited Statements$887,079
Expenses Not Reported on Financial Statements$42,687
Expenses Not Reported on Form 990$4,400
Other Expense Adjustments$1,825
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The executive committee shall be responsible for planning the activities and direction of the board, acting on behalf of the board at times when the board does not or cannot meet. The executive committee is comprised of the board's officers; the president, vice-president, secretary, and treasurer.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is initially reviewed by the treasurer and finance committee, and then presented in draft form to the entire board for review. It will be filed with the irs after board approval.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed regularly by the board with each board member asked to reaffirm their commitment by signing the policy.”

Form 990, Part VI, Section B, Line 15

“The annual salary for the executive director is discussed and approved by the board of directors based on performance factors and comparable salaries for similar positions in the market. The compensation of other key employees is determined by the executive director based on performance and anticipated budgets which are reviewed by the finance committee and approved by the board of directors. A local non-profit survey is used for salary benchmarks. Officers and members of the board of directors do not receive compensation.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Collegeready Inc
EIN
39-1044089
Phone
9208579088
Address
715 SUPERIOR ROAD SUITE 102, GREEN BAY, WI 54311

Signing Officer

Name
Mark Fischer
Title
Treasurer
Phone
9208579088
Signed
2023-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Roubal
Formed
1962
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
76

Preparer

Firm
Cliftonlarsonallen Llp
Address
1175 LOMBARDI AVENUE SUITE 200, GREEN BAY, WI 54304
Preparer
Wendy Mallo
Phone
9204367800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Recovery of prior year grants netted against grant expenses 1,825.”

Financial Statement Notes

PART IV, LINE 2B:

“Collegeready, inc. Has an agency relationship with several organizations whereby collegeready, inc. Receives donations and pays out scholarships on behalf of these organizations. Collegeready, inc. Receives administrative fees from these organizations for handling these funds for them. All revenues and expenses are reported in a fiscal agency liability account.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Recovery of prior year grants netted with grant expense 1,825.”

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IRS990/Desc0SCHOLARSHIPS - WE HELP DESERVING STUDENTS WITH FINANCIAL NEED MAKE THEIR COLLEGE DREAMS COME TRUE THROUGH SCHOLARSHIPS. THIS PAST YEAR WE SUPPORTED 169 LOCAL STUDENTS WITH AWARDS TOTALING $352,486. RECIPIENTS ARE SELECTED THROUGH A COMPREHENSIVE APPLICATION PROCESS WHICH EVALUATES THEIR ACADEMIC ACHIEVEMENT, COMMUNITY INVOLVEMENT, LEADERSHIP, AND PARTICIPATION IN EXTRACURRICULAR ACTIVITIES. IN ADDITION, WE COUNSEL ALL LOCAL HIGH SCHOOL SENIORS ON HOW TO FIND AND PREPARE FOR SCHOLARSHIP OPPORTUNITIES, AS WELL AS HELP THEM UNDERSTAND THE COMPONENTS OF A QUALITY POSTSECONDARY EDUCATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0842
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02696
IRS990/InformationTechnologyGrp/ProgramServicesAmt015196
IRS990/InformationTechnologyGrp/TotalAmt018734
IRS990/InvestmentIncomeGrp/ExclusionAmt0109421
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109421
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01059022
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0885759
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08514183
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07203750
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01235855
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COLLEGEREADY CREATES HOPE AND BRIGHTER FUTURES FOR YOUTH OF ALL BACKGROUNDS IN NORTHEAST WISCONSIN. THROUGH SCHOLARSHIPS AND COLLEGE READINESS PROGRAMMING, WE HELP STUDENTS BREAK DOWN BARRIERS TO HIGHER EDUCATION AND CHANGE THEIR LIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09985166
IRS990/NetAssetsOrFundBalancesEOYAmt08360950
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0469804
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0469804
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1787160
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06008247
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04586606
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01007
IRS990/OccupancyGrp/ManagementAndGeneralAmt03222
IRS990/OccupancyGrp/ProgramServicesAmt015910
IRS990/OccupancyGrp/TotalAmt020139
IRS990/OfficeExpensesGrp/FundraisingAmt08119
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01240
IRS990/OfficeExpensesGrp/ProgramServicesAmt08000
IRS990/OfficeExpensesGrp/TotalAmt017359
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01752
IRS990/OtherAssetsTotalGrp/EOYAmt03866
IRS990/OtherChangesInNetAssetsAmt01825
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0368
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01602
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019416
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021386
IRS990/OtherExpensesGrp/Desc0FOOD AND EVENTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt01036
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0690
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16030
IRS990/OtherExpensesGrp/ProgramServicesAmt015335
IRS990/OtherExpensesGrp/TotalAmt017061
IRS990/OtherExpensesGrp/TotalAmt16030
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04233
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0158434
IRS990/OtherSalariesAndWagesGrp/TotalAmt0162667
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02544
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07348
IRS990/PayrollTaxesGrp/ProgramServicesAmt018370
IRS990/PayrollTaxesGrp/TotalAmt028262
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt022
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04418
IRS990/PensionPlanContributionsGrp/TotalAmt04440
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07196
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06644
IRS990/PrincipalOfficerNm0BRENT ROUBAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03000
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE 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. STARTING IN 6TH GRADE AND CONTINUING THROUGH 12TH GRADE, WE HELP THESE STUDENTS ON THEIR PATH TO HIGHER EDUCATION AND PREPARE THEM FOR ACCEPTANCE INTO COLLEGE. THROUGH ACTIVE STUDENT AND PARENT PARTICIPATION, EACH NEW SCHOLAR CAN ALSO EARN UP TO A $5,000 SCHOLARSHIP UPON THEIR HIGH SCHOOL GRADUATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0170977
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0478321
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0366101
IRS990/PYInvestmentIncomeAmt0526655
IRS990/PYOtherExpensesAmt0163875
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03000
IRS990/PYRevenuesLessExpensesAmt045966
IRS990/PYSalariesCompEmpBnftPaidAmt0432034
IRS990/PYTotalExpensesAmt0962010
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01007976
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0161119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0430726
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0273556
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2018 AMOUNT: $ 4,218. 2019 AMOUNT: $ 4,092.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0508660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0478321
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0444973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0339704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0285170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02056828
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0109421
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0101592
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0151923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0154984
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0140142
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0658062
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014940
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04092
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04218
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08310
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49630
IRS990ScheduleA/PublicSupportPY170Pct00.45190
IRS990ScheduleA/PublicSupportTotal170Amt01351582
IRS990ScheduleA/SubstantialContributorsTotAmt0705246
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0508660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0478321
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0444973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0339704
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0285170
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02056828
IRS990ScheduleA/TotalSupportAmt02723200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04400
IRS990ScheduleD/DonatedServicesUseFcltsAmt04400
IRS990ScheduleD/ExpensesNotReportedAmt04400
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt042687
IRS990ScheduleD/ExpensesSubtotalAmt0887079
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt040862
IRS990ScheduleD/InvestmentExpensesNotIncldAmt040862
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1787160
IRS990ScheduleD/OtherExpensesNotIncludedAmt01825
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0885759
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-1782760
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt040862
IRS990ScheduleD/RevenueSubtotalAmt01050023
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLEGEREADY, INC. HAS AN AGENCY RELATIONSHIP WITH SEVERAL ORGANIZATIONS WHEREBY COLLEGEREADY, INC. RECEIVES DONATIONS AND PAYS OUT SCHOLARSHIPS ON BEHALF OF THESE ORGANIZATIONS. COLLEGEREADY, INC. RECEIVES ADMINISTRATIVE FEES FROM THESE ORGANIZATIONS FOR HANDLING THESE FUNDS FOR THEM. ALL REVENUES AND EXPENSES ARE REPORTED IN A FISCAL AGENCY LIABILITY ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECOVERY OF PRIOR YEAR GRANTS NETTED WITH GRANT EXPENSE 1,825.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0885759
IRS990ScheduleD/TotalExpensesPerForm990Amt0929766
IRS990ScheduleD/TotalRevenuePerForm990Amt01090885
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-732737
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0891479
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0352486
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS PAID IN FISCAL YEAR 2021
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0169
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR PLANNING THE ACTIVITIES AND DIRECTION OF THE BOARD, ACTING ON BEHALF OF THE BOARD AT TIMES WHEN THE BOARD DOES NOT OR CANNOT MEET. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD'S OFFICERS; THE PRESIDENT, VICE-PRESIDENT, SECRETARY, AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS INITIALLY REVIEWED BY THE TREASURER AND FINANCE COMMITTEE, AND THEN PRESENTED IN DRAFT FORM TO THE ENTIRE BOARD FOR REVIEW. IT WILL BE FILED WITH THE IRS AFTER BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED REGULARLY BY THE BOARD WITH EACH BOARD MEMBER ASKED TO REAFFIRM THEIR COMMITMENT BY SIGNING THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL SALARY FOR THE EXECUTIVE DIRECTOR IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS BASED ON PERFORMANCE FACTORS AND COMPARABLE SALARIES FOR SIMILAR POSITIONS IN THE MARKET. THE COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON PERFORMANCE AND ANTICIPATED BUDGETS WHICH ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. A LOCAL NON-PROFIT SURVEY IS USED FOR SALARY BENCHMARKS. OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RECOVERY OF PRIOR YEAR GRANTS NETTED AGAINST GRANT EXPENSES 1,825.

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,435,239
Liabilities
$74,289
Net assets
$8,360,950
Revenue
$1,090,885
Expenses
$929,766
Net income
$161,119
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$0.07$9.14$0.93$1.07$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.61$0.08$8.53$0.61$0.97$0.36
2022Detailed filing. Detailed filing data is available for this year.$8.44$0.07$8.36$1.09$0.93$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.08$9.99$1.01$0.96$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.98$0.13$8.85$0.83$0.94$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$0.06$8.32$0.86$0.96$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.84$0.06$8.78$0.89$0.93$0.04
2017Detailed filing. Detailed filing data is available for this year.$9.12$0.40$8.72$0.60$0.88$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.90$0.43$8.46$0.98$0.85$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.59$0.43$8.17$0.71$0.78$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.32$0.57$8.75$1.17$0.79$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$0.19$7.78$0.90$0.70$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.41$7.08$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$0.38$6.25$0.54