Infinite Possibilities INC FY2020 filing

Tax-deductible

Henderson, NC501(c)(3)Since 2009Human ServicesEIN 27-0784542Revenue $583K in FY2020

On file with the IRSinfinitepossibilitiesinc.comPo Box 3042, 27536-6042 · Henderson, NCTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To promote growth,responsibility,safety and self-sufficiency. Victims of DV/SA headed by single mothers, at-risk youth and the homeless.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $13K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 23.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$583K
Spent
$306K
To programs
100%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$583K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$583K
FY2021$366K
FY2022$499K
FY2023$469K
FY2024$499K
FY2025$375K
Expenses
$306K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$361K
FY2022$515K
FY2023$568K
FY2024$593K
FY2025$373K
Net assets
$596K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$596K
FY2021$370K
FY2022$296K
FY2023$197K
FY2024$102K
FY2025$125K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $306K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,946Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kanika Turrentine’s $96K as Executive Director is at the 84th percentile of top reported officer pay among 2167 $100K–1M human services 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kanika Turrentine$96,039$87,309$87,304$87,304$91,674$90,946

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 single mothers, at-risk youth, and the homeless to achieve growth, responsibility, safety, and self-sufficiency.

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Provided by the organization

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1 program · $261K · in their own filed words · FY2020
01

Domestic violence services help victims/survivors rebuild and regain control of their lives. The goal is to reduce the occurances of domestic violence and sexual assault through awareness education and collaboration with key stakeholders.

$261Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$583K
Ln 12
Gifts and grantsLn 1h$583K
Money outPt IX
$306K
Ln 25
Programscol B$306K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$601K
Total assetsLn 16$602K
LiabilitiesLn 26$6K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$583K
Government grantsLn 1e$356K
Noncash giftsLn 1g$30K
Fundraising eventsLn 1c$267
Total revenueLn 12$583K
Assets in detailPt X, end of year
CashLn 1$573K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$601K
Other assetsLn 15$860
Total assetsLn 16$602K
LiabilitiesLn 26$6K
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$173K$601K
Total assetsLn 16$174K$602K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$168K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$91K
Other salaries and wagesLn 7$109K$109K
Payroll taxesLn 10$16K$16K
Office expensesLn 13$12K$12K
Information technologyLn 14$520$520
OccupancyLn 16$13K$13K
TravelLn 17$924$924
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$306K$306K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $375K$373K$2K$125K 990 PDF
FY2024 $499K$593K−$94K$102K 990 PDF
FY2023 $469K$568K−$99K$197K 990 PDF
FY2022 $499K$515K−$15K$296K 990 PDF
FY2021 $366K$361K$5K$370K 990 PDF
FY2020 Viewing $583K$306K$277K$596K 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 FY2020 990 (6 parts)
Part I · Summary $583,055 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $323,579$583,055
I-9 Program service revenuePrior year $509$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $324,088$583,055
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $207,138$215,582
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,112$90,066
I-18 Total expensesPrior year $324,250$305,648
I-19 Revenue less expensesPrior year −$162$277,407
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $583,055 across 6 lines filed
VIII-1c Fundraising events$267
VIII-1e Government grants$356,388
VIII-1f All other contributions, gifts and grants$226,400
VIII-1g Noncash contributions (included above)$29,700
VIII-1h Total contributions, gifts and grants$583,055
VIII-12 Total revenue$583,055
Part IX · Statement of functional expenses $305,648 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $90,946$90,946
IX-7 Other salaries and wagesPrograms $108,976$108,976
IX-10 Payroll taxesPrograms $15,660$15,660
IX-13 Office expensesPrograms $12,492$12,492
IX-14 Information technologyPrograms $520$520
IX-16 OccupancyPrograms $13,039$13,039
IX-17 TravelPrograms $924$924
IX-23 InsurancePrograms $5,504$5,504
IX-24 Other expenses (24a–d)Programs $54,046$54,046
IX-24e All other expensesPrograms $3,541$3,541
IX-25 Total functional expensesPrograms $305,648 · Management $0 · Fundraising $0$305,648
Part X · Balance sheet $601,556 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $147,247$573,490
X-2 Savings and temporary cash investmentsStart of year $26,143$27,206
X-15 Other assetsStart of year $860$860
X-16 Total assetsStart of year $174,250$601,556
X-25 Other liabilitiesStart of year $5,993$5,993
X-26 Total liabilitiesStart of year $5,993$5,993
X-32 Total net assets or fund balancesStart of year $168,257$595,563
X-33 Total liabilities and net assetsStart of year $174,250$601,556
Part XI · Reconciliation of net assets $595,563 net assets at year end
XI-1 Total revenue$583,055
XI-2 Total expenses$305,648
XI-3 Revenue less expenses$277,407
XI-4 Net assets at start of year$168,257
XI-5 Net unrealized gains (losses) on investments$135,199
XI-6 Donated services and use of facilities$14,700
XI-10 Net assets at end of year$595,563

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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