Collegeready Inc

Nonprofit profile at a glance

EIN
391044089
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Green Bay, WI, USA
Phone
9208579088
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$2,435,489
Expenses
$909,509
Assets
$10,035,394
Liabilities
$74,821

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • CLAIRE WILLIAMS (PRESIDENT)
  • CINDY ZUEGE (VICE PRESIDENT)
  • BRENT ROUBAL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRENT ROUBAL (EXECUTIVE DIRECTOR): $140,612 total reported compensation
  • JENNIFER TICE (OPERATIONS DIRECTOR): $84,929 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2024

Scholarships - we help deserving local students with financial need achieve their college and career dreams through scholarships. This past year we supported 181 local students with financial awards. Recipients are chosen through a comprehensive process, which evaluates their academic achievement, community involvement, leadership, and participation in extracurricular activities. In addition, we counsel all area high school seniors on how to find and prepare for other scholarship opportunities, as well as understand the components of a quality postsecondary education.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.4%; rating input score 55
  • Program expense ratio: 64.7%; rating input score 65
  • Fundraising efficiency: $7.37 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 62.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 11.03; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 24.8%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 55.4% of revenue deployed · 64.7% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $589K in reported program spending
  • Leadership: top reported pay $141K · 16 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.