Possibilities Inc.
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615-323-3191
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P.O. Box 92247
Nashville, TN 37209
Organization Details

Fiscal Year

Fiscal Year Start

01/01/2021

Fiscal Year End

12/31/2021

Projected Revenue

$701,000.00

Projected Expenses

$700,960.00

Organizational Budgets and Other Documents

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 Year202020192018
Total Revenue $586,373.00$639,210.00$601,588.00
Total Expenses $442,905.00$660,038.00$496,215.00
Revenue Less Expenses $143,468.00($20,828.00)$105,373.00

Revenue Sources
Fiscal Year202020192018
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 $15,625.00$0.00$0.00
Individual Contributions $457,778.00$481,104.00$247,740.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $1,617.00$0.00$351,425.00
Investment Income, Net of Losses $1,714.00$3,101.00$0.00
Membership Dues $0.00$0.00$0.00
Special Events $109,639.00$144,234.00$2,423.00
Revenue In-Kind $0.00$974.00$0.00
Other $0.00$9,797.00$0.00

Expense Allocation
Fiscal Year202020192018
Program Expense $327,918.00$499,326.00$411,525.00
Administration Expense $89,813.00$121,385.00$84,690.00
Fundraising Expense $25,174.00$39,327.00$0.00
Total Revenue/Total Expenses 132%97%121%
Program Expense/Total Expenses 74%76%83%
Fundraising Expense/Contributed Revenue 6%6%0%

Top Funding Sources
Fiscal Year202020192018
Top Funding Source & Dollar Amount Contributions, Gifts and Grants
$457,778.00
Contributions, Gifts and Grants
$481,104.00
Program Revenue
$351,425.00
Second Highest Funding Source & Dollar Amount Fundraising Events
$109,639.00
Fundraising Events
$144,234.00
Contributions, Gifts and Grants
$247,740.00
Third Highest Funding Source & Dollar Amount Government Grants
$15,625.00
Other Revenue
$9,797.00
Fundraising Events
$2,423.00

Assets and Liabilities
Fiscal Year202020192018
Total Assets $736,763.00$588,954.00$606,309.00
Current Assets $534,197.00$387,104.00$606,309.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $7,814.00$3,473.00$0.00
Total Net Assets $728,949.00$585,481.00$606,309.00

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

TN Charitable Solicitations Permit

Form 990s

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

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. Form 990 was prepared by Kraft CPAs, PLLC. Comments provided by Kathryn Bennett 6/2/2021.