College Possible Inc

“The Board of Directors may act by and through such committees as may be specified in resolutions approved by a majority of the total number of directors. Committees are subject at all times to the direction and control of the Board of Directors.”

“The Form 990 will be reviewed by the Director of Finance and Chief Executive Officer. The board will receive the Form 990 via e-mail. The board will review the Form 990 and authorize management to sign it on the organization's behalf.”

“All Board members and officers are required to fill out an annual conflict of interest form. Employees complete a conflict of interest form as part of their employment with the organization. Board forms are reviewed by the CEO initially, then by the Board of Directors if potential conflicts are identified. Staff forms are reviewed by the Operations Manager initially, then by the COO and CEO if potential conflicts are identified. Persons with identified conflicts of interest are recused from participation in decisions affected by the conflict of interest. Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: 1. The conflict of interest is fully disclosed; 2. The person with the conflict of interest is excluded from the discussion and approval of such transaction; 3. A competitive bid or comparable valuation exists; and 4. The board chair or a duly constituted committee thereof has determined that the transaction is in the best interest of the organization. Disclosure in the organization should be made to the CEO (or if she or he is the one with the conflict, then to the Board Chair), who shall bring the matter to the attention of the Board Chair or the Budget and Oversight Committee. Disclosure involving directors should be made to the Board Chair (or if she or he is the one with the conflict, then to the Board Vice-Chair), who shall bring these matters to the board or a duly constituted committee thereof. The board or a duly constituted committee thereof shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to College Possible. The decision of the board, or the designated committee, on these matters will rest in their sole discretion, and their concern must be the welfare of College Possible and the advancement of its purpose.”

“The CEO's compensation is determined annually by the organization's board of directors. An independent consultant is hired regularly (most recently in 2016) to determine the market rate for the CEO's compensation. Annually, the compensation committee reviews comparable compensation data for nonprofit CEO's/Executive Directors as well as pre-determined performance metrics for the organization's CEO.”

“The audit report and Form 990 are available on College Possible's website. All other documents are available upon request.”

“Catalyze is College Possible's new partnership strategy aimed at bringing near-peer coaching to significantly more students nationwide. This new approach builds the capacity of colleges and universities to adopt and integrate the College Possible model into their infrastructure to better support every low-income or first-generation student on their campus. During the initial phase (2016-17 academic year), we partnered with four institutions and continued to operate under College Possible's direct service model. We also invited college students who did not participate in our high school program to join College Possible for the first time. The objective was to evaluate whether our near-peer coaching model could be just as effective for those who did not have the high school program experience. Beginning in the 2017-18 school year, we will shift towards the full Catalyze model, with institutional staff taking ownership over key elements of the program. During 2016-17, four institutions participated in the Catalyze Program: Augsburg College, the College of Saint Benedict, Saint John's University, and Saint Cloud State University (SCSU). Over the course of the year, eight coaches served 294 newly recruited students and 483 students recruited into College Possible during high school. Early data analyzed in October 2017 shows that students receiving College Possible support have an annual retention rate higher than their peers by about 8 percent. In some cases, retention rates for College Possible students are even higher than those of the general student body, leveling the playing field across income differences.”