The Possibility Project INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Since 2000Crime & LegalEIN 13-4134366

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The Possibility Project, INC. Operates year long programs that bring together vastly diverse groups of youth from various backrounds and experiences. These youth undergo an intense year long creative process through which they write an original musical whose stories come from their lives and their ideas for a better world. Also created are community change projects where the youth's ideas are taken and acted on within their city. The Possibility Project, INC. Envisions a society where teenagers are valued, respected and play a leading role in creating vibrant communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $71K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$608K
+7% vs prior year
Spent
$549K
To programs
80%
Net assets
$353K
By yearFY2020–FY2024
Revenue
$608K
FY2022▲ +7%
Revenue by fiscal year
FY2020$722K
FY2021$566K
FY2022$608K
FY2023$652K
FY2024$717K
FY2024$638K
Expenses
$549K
FY2022▲ +2%
Expenses by fiscal year
FY2020$611K
FY2021$537K
FY2022$549K
FY2023$598K
FY2024$617K
FY2024$735K
Net assets
$353K
FY2022▲ +20%
Net assets by fiscal year
FY2020$264K
FY2021$294K
FY2022$353K
FY2023$407K
FY2024$507K
FY2024$410K

From the FY2022 Form 990 (year ending July 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $442K Management & general 16% · $85K Fundraising 4% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Griffin’s $111K as President is at the 84th percentile of top reported officer pay among 1404 $100K–1M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2020
Paul Griffin$110,800$94,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers teenagers through performing arts to build peaceful, productive lives and communities.

Provided by the organization

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1 program · $442K · in their own filed words · FY2021
01

Programs in new york city to promote non-violent conflict resolution among young people. The possibility project, inc. Program is a combination of activities that examine the interrelationships of the problems and conflicts that youth care about and often suffer from. It also develops the capacity for addressing these issues.

$442Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$608K
Ln 12
Gifts and grantsLn 1h$510K
Other incomeLn 4–11$99K
Investment incomeLn 3$67
Money outPt IX
$549K
Ln 25
Programscol B$442K
Managementcol C$85K
Fundraisingcol D$22K
Owns and owesPt X
$353K
net assets · Ln 32
Cash and savingsLn 1–2$347K
Total assetsLn 16$354K
LiabilitiesLn 26$1K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$510K
Government grantsLn 1e$67K
Investment incomeLn 3$67
Other incomeLn 4–11$99K
Total revenueLn 12$608K
Assets in detailPt X, end of year
CashLn 1$347K
Cash and savings togetherLn 1–2$347K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$354K
LiabilitiesLn 26$1K
Net assetsLn 32$353K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$288K$347K
Land, buildings, equipmentLn 10c$63$0
Total assetsLn 16$295K$354K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$294K$353K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$316K$252K$47K$16K
Payroll taxesLn 10$29K$23K$4K$1K
Legal feesLn 11b$666$666
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$6K$6K$465
OccupancyLn 16$27K$20K$5K$1K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$741$741
Depreciation, depletion and amortizationLn 22$63$32$31
InsuranceLn 23$33K$25K$7K$2K
Other expenses (24a–d)Ln 24$112K$95K$15K$1K
All other expensesLn 24e$15K$10K$5K
Total functional expensesLn 25$549K$442K$85K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $717K$617K$100K$507K 990 PDF
FY2023 $652K$598K$54K$407K 990 PDF
FY2022 Viewing $608K$549K$60K$353K 990 PDF
FY2021 $566K$537K$29K$294K 990 PDF
FY2020 $722K$611K$111K$264K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $608,450 across 6 lines filed
VIII-1e Government grants$66,576
VIII-1f All other contributions, gifts and grants$442,964
VIII-1h Total contributions, gifts and grants$509,540
VIII-3 Investment incomeUnrelated business $67$67
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98,843$98,843
VIII-12 Total revenueRelated to mission $98,843 · Unrelated business $67 · Excluded from tax $0$608,450
Part IX · Statement of functional expenses $548,750 across 12 lines filed
IX-7 Other salaries and wagesPrograms $252,463 · Management $47,337 · Fundraising $15,779$315,579
IX-10 Payroll taxesPrograms $23,162 · Management $4,343 · Fundraising $1,448$28,953
IX-11b Legal feesManagement $666$666
IX-12 Advertising and promotionPrograms $7,597$7,597
IX-13 Office expensesPrograms $5,809 · Management $465$6,274
IX-16 OccupancyPrograms $20,327 · Management $5,420 · Fundraising $1,355$27,102
IX-17 TravelPrograms $1,539$1,539
IX-19 Conferences, conventions and meetingsPrograms $741$741
IX-22 Depreciation, depletion and amortizationPrograms $32 · Management $31$63
IX-23 InsurancePrograms $24,807 · Management $6,615 · Fundraising $1,654$33,076
IX-24 Other expenses (24a–d)Programs $95,025 · Management $15,363 · Fundraising $1,440$111,828
IX-24e All other expensesPrograms $10,114 · Management $5,218$15,332
IX-25 Total functional expensesPrograms $441,616 · Management $85,458 · Fundraising $21,676$548,750
Part X · Balance sheet $354,374 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $287,710$347,459
X-9 Prepaid expenses and deferred chargesStart of year $2,115$2,115
X-10c Land, buildings and equipment, netStart of year $63$0
X-15 Other assetsStart of year $4,800$4,800
X-16 Total assetsStart of year $294,688$354,374
X-25 Other liabilitiesStart of year $1,113$1,099
X-26 Total liabilitiesStart of year $1,113$1,099
X-27 Net assets without donor restrictionsStart of year $293,575$353,275
X-32 Total net assets or fund balancesStart of year $293,575$353,275
X-33 Total liabilities and net assetsStart of year $294,688$354,374
Part XI · Reconciliation of net assets $353,275 net assets at year end
XI-1 Total revenue$608,450
XI-2 Total expenses$548,750
XI-3 Revenue less expenses$59,700
XI-4 Net assets at start of year$293,575
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$353,275

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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