Overview
What is Pass With Flying Colors Inc?
Pass With Flying Colors Inc, established in Illinois in 2010, is a nonprofit organization committed to empowering Chicago's underprivileged high school students, primarily first-generation learners, to excel in higher education and establish a secure future. With a mission to promote college and career success, the organization has served 113 students through an 8-year program, equipping them with the necessary academic, leadership, and college readiness skills. Selected through a competitive process, cohorts of 25 dedicated students receive support and mentoring, leading to a 95% college graduation rate. The organization's impressive track record includes 100% of matriculated students pursuing a college degree. With a team of one dedicated professional, Pass With Flying Colors Inc is dedicated to providing Chicago's underprivileged youth with the tools they need to unlock their full potential.
Official website here: www.passwithflyingcolors.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Pass With Flying Colors Inc has received a solid score of 83%, which translates to a Three-Star rating, indicating that it meets good standards in accountability and finance. The organization boasts a fully independent board, demonstrating strong governance, and it maintains a commendable program expense ratio of 83.47%, meaning the majority of its resources are allocated directly towards its mission.
The charity excels in several key areas, such as having no material diversion of assets and a satisfactory liabilities to assets ratio of 0.00%. Additionally, it has documented board meeting minutes and policies regarding conflicts of interest, highlighting its commitment to transparency. However, the organization does face some limitations, notably the absence of policies for whistleblower protections and document retention and destruction, which are crucial for maintaining organizational integrity.
Overall, while Pass With Flying Colors Inc shows strong performance in many financial and governance aspects, improving its policies in certain areas could enhance its accountability and strengthen donor confidence further.
This AI summary has been generated from information found on Charity Navigator.
Is Pass With Flying Colors Inc legitimate?
Pass With Flying Colors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pass With Flying Colors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $69,369
Professional Fundraising Fees: $2,610
Other Salaries and Wages: $73,693
For more financial information, click here
Official website here: www.passwithflyingcolors.org
What is the mission statement of Pass With Flying Colors Inc?
Pass With Flying Colors Inc is committed to preparing underserved first-generation students in Chicago for college and career success. Established in 2010, the organization selects a cohort of dedicated high school students through a competitive interview process. Beginning in 9th grade, these scholars participate in academic enrichment, leadership development, and college readiness programs that help them develop crucial social, academic, and non-cognitive skills necessary for college and career success.
Pass With Flying Colors provides individualized support and mentoring to its scholars during their college years, ensuring a smooth transition and eventual college degree. The organization's efforts have resulted in a high success rate. By 2021, 100% of its graduates have matriculated into college to pursue a degree, and 95% are on track to graduate, paving the way for greater opportunities for economic stability and choices in their adult lives.
Official website here: www.passwithflyingcolors.org
Who is the CEO of Pass With Flying Colors Inc?
Michael Oettinger is the President of Pass With Flying Colors Inc.
Official website here: www.passwithflyingcolors.org
What is the revenue of Pass With Flying Colors Inc?
Pass With Flying Colors Inc's revenue in 2021 was $77,971.
Official website here: www.passwithflyingcolors.org
Who are the executives of Pass With Flying Colors Inc and what are their salaries?
The average compensation at Pass With Flying Colors Inc during 2021 was $143,062. There is 1 employee at Pass With Flying Colors Inc.
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- Compensation: $69,369
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Official website here: www.passwithflyingcolors.org
Where can I find the form 990 for Pass With Flying Colors Inc?
Pass With Flying Colors Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.passwithflyingcolors.org
Learn more at the official website: www.passwithflyingcolors.org
Mission Statement of Pass With Flying Colors Inc
Pass With Flying Colors Inc, a nonprofit organization established in Illinois, is dedicated to preparing Chicago's underserved first-generation students for success in college and their careers. The organization's mission is to equip these students with the necessary skills and resources to thrive in higher education and beyond. It selects a committed cohort of up to 25 high school students through a competitive interview process, starting in the 9th grade. These scholars then participate in academic enrichment, leadership development, and college readiness programs that foster the development of social, academic, and non-cognitive skills essential for college and career success.
Pass With Flying Colors Inc provides individualized support and mentoring to its scholars during their college years, ensuring that their college degree becomes a reality. The organization's efforts have proven effective, with 100% of its scholars who have reached high school graduation matriculating into college to pursue a degree, and 95% remaining on track to graduate. Earning a 4-year college degree provides these students with greater access to opportunities for economic stability and diverse choices in their adult lives.
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Impact
October, 2024
Pass With Flying Colors Inc significantly impacts Chicago's underserved first-generation students by providing them with the necessary resources, support, and guidance to achieve college and career success. Founded in Illinois in 2010, this organization serves high school students who face economic and systemic challenges.
Through its comprehensive 8-year program, Pass With Flying Colors prepares students starting in the 9th grade by selecting dedicated cohorts through a competitive process. These students engage in academic enrichment, leadership development, and college readiness initiatives, all designed to enhance essential social, academic, and non-cognitive skills vital for success in higher education and the workforce.
The results are impressive: 100% of students who graduate from high school as part of the program transition to college, and 95% of them remain on track to graduate. This remarkable achievement not only transforms the lives of the students involved but also fosters greater economic stability and broader opportunities as they progress into adulthood. Pass With Flying Colors Inc effectively addresses educational disparities, empowering students to break the cycle of poverty and pursue their aspirations.
This information is meant to be a general summary of Pass With Flying Colors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $44
- Gross Receipts: $77,971
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2010
Phone
(773) 202-7932Principal Officer
Michael Oettinger
Main Address
4300 N KNOX, CHICAGO, IL, 60641
Website
www.passwithflyingcolors.orgNTEE Category
Code: B90 - Education
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