Possibilities Inc.
Fiscal Year
Fiscal Year Start
01/01/2022
Fiscal Year End
12/31/2022
Projected Revenue
$14,200.00
Projected Expenses
$861,556.00
Organizational Budgets and Other Documents
| 2022 Projected Budget | 2022 |
| 2021 Projected Budget | 2021 |
| 2020 Projected Budget | 2020 |
| 2019 Projected Budget | 2019 |
| 2018 Projected Budget | 2018 |
| 2017 Projected Budget | 2017 |
| 2016 Projected Budget | 2016 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Revenue | $1,053,554.00 | $586,373.00 | $639,210.00 |
| Total Expenses | $612,662.00 | $442,905.00 | $660,038.00 |
| Revenue Less Expenses | $440,892.00 | $143,468.00 | ($20,828.00) |
Revenue Sources
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $15,625.00 | $0.00 |
| Individual Contributions | $547,739.00 | $457,778.00 | $481,104.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $86,231.00 | $1,617.00 | $0.00 |
| Investment Income, Net of Losses | $70.00 | $1,714.00 | $3,101.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $655,680.00 | $109,639.00 | $144,234.00 |
| Revenue In-Kind | $0.00 | $0.00 | $974.00 |
| Other | $0.00 | $0.00 | $9,797.00 |
Expense Allocation
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Program Expense | $487,852.00 | $327,918.00 | $499,326.00 |
| Administration Expense | $89,397.00 | $89,813.00 | $121,385.00 |
| Fundraising Expense | $35,413.00 | $25,174.00 | $39,327.00 |
| Total Revenue/Total Expenses | 172% | 132% | 97% |
| Program Expense/Total Expenses | 80% | 74% | 76% |
| Fundraising Expense/Contributed Revenue | 6% | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Fundraising Events $655,680.00 | Contributions, Gifts and Grants $457,778.00 | Contributions, Gifts and Grants $481,104.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $547,739.00 | Fundraising Events $109,639.00 | Fundraising Events $144,234.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $86,231.00 | Government Grants $15,625.00 | Other Revenue $9,797.00 |
Assets and Liabilities
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | $1,174,906.00 | $736,763.00 | $588,954.00 |
| Current Assets | $972,288.00 | $534,197.00 | $387,104.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $5,065.00 | $7,814.00 | $3,473.00 |
| Total Net Assets | $1,169,841.00 | $728,949.00 | $585,481.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2022
Solicitations Permit
Form 990s
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 Form 990 | 2019 |
| 2018 Form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
| 2014 Form 990 | 2014 |
| 2013 Form 990 | 2013 |
Audit Documents
| 2021 Financial Audit Report | 2021 |
| 2020 Final Audit Report | 2020 |
| 2019 Final Audit Report | 2019 |
| Final Audit Report for 2018 | 2018 |
| Statement of Income Expense | 2017 |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Kraft CPAs, PLLC. Comments provided by Nicole Rose 05/17/2022. |
