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Possibilities INC FY2020 filing

Tax-deductible

Oklahoma City, OK501(c)(3)Community Development EIN 73-1544249Revenue $320K in FY2020Latest return filed May 14, 2025

On file with the IRSpossibilitiesinc.orgPo Box 60254, 73146-0254 · Oklahoma City, OKTax-exempt since Sep 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Possibilities mission is to strengthen people's ability to work together for community changes. Possibilities values-driven transformative experiences train diverse people in methods of community engagement to lead, innovate, and facilitate change. In short, Possibilities grows local capacity to work for positive change. The building bridges community podcast platform collaborates with diverse partners to offer connection, self exploration and opportunities for growth. Through the inside out leadership platform and other custom training offerings, participants identify areas for personal growth and build individual and group skill sets to work with others for positive outcomes. Possibilities provides a safe space to practice facilitation skills and share lessons learned through the people's circle. With an emphasis on connecting to others in meaningful ways, ongoing coaching and support helps people heal and grow. We invite others into our services to make US stronger through our hive

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
2 of 5
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $50K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$320K
Spent
$287K
To programs
74%
Net assets
$82K
By yearFY2020–FY2024
Revenue
$320K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$320K
FY2021$286K
FY2022$252K
FY2023$284K
FY2024$310K
Expenses
$287K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$287K
FY2021$246K
FY2022$265K
FY2023$298K
FY2024$344K
Net assets
$82K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$122K
FY2022$109K
FY2023$83K
FY2024$49K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1998.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $213K Management & general 15% · $43K Fundraising 11% · $30K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Lucy Fritts
President
$0Pt VII · Sec A
Brent Wheelbarger
Vice Preside
$0Pt VII · Sec A
Davonna Milam
Secretary
$0Pt VII · Sec A
Brent Colgan
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Hopper
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Rose Lane
Director
$0Pt VII · Sec A
See Possibilities INC executive salaries →

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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

Trains diverse people in community engagement methods to lead and facilitate positive change.

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Provided by the organization

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1 program · $213K · in their own filed words · FY2019
01

Statement of program services accomplishments for 990 possibilities invests its resources in local people through its core, possibilities innovation program (pip), engaging and transforming communities from within. An ongoing leadership journey, pip teaches tools to create community, unity and a shared vision for transformation.

$213Kprogram 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 · FY2024
Kirkpatrick Family Affiliated Fund Ok City Community Foundation INCFY2024$30K
Oklahoma City Community Foundation INCFY2024$20K
Total grants receivedfrom 2 funders$50K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$320K
Ln 12
Gifts and grantsLn 1h$318K
Fees for servicesLn 2g$2K
Investment incomeLn 3$169
Money outPt IX
$287K
Ln 25
Programscol B$213K
Managementcol C$43K
Fundraisingcol D$30K
Owns and owesPt X
$82K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$124K
LiabilitiesLn 26$42K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Noncash giftsLn 1g$12K
Fees for servicesLn 2g$2K
Investment incomeLn 3$169
Total revenueLn 12$320K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$124K
LiabilitiesLn 26$42K
Net assetsLn 32$82K
OperationsPt I, VI
EmployeesI 55
VolunteersI 675
Fiscal year endsHeaderJune
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$9K$69K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$62K$124K
LiabilitiesLn 26$14K$42K
Net assetsLn 32$48K$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$225K$183K$20K$23K
Accounting feesLn 11c$14K$8K$3K$3K
Advertising and promotionLn 12$7K$2K$4K$11
Office expensesLn 13$13K$7K$4K$2K
OccupancyLn 16$14K$1K$11K$1K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$9K$7K$706$1K
InsuranceLn 23$4K$3K$323$359
Total functional expensesLn 25$287K$213K$43K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 14, 2025 $310K$344K−$34K$49K 990 PDF
FY2023Filed with the IRS May 15, 2024 $284K$298K−$14K$83K 990 PDF
FY2022Filed with the IRS May 9, 2023 $252K$265K−$13K$109K 990 PDF
FY2021Filed with the IRS May 14, 2022 $286K$246K$40K$122K 990 PDF
FY2020 ViewingFiled with the IRS Jun 8, 2021 $320K$287K$34K$82K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $320,492 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,376$317,969
I-9 Program service revenuePrior year $14,973$2,354
I-10 Investment income$169
I-11 Other revenue$0
I-12 Total revenuePrior year $259,349$320,492
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $225,465$225,357
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,613$61,371
I-18 Total expensesPrior year $288,078$286,728
I-19 Revenue less expensesPrior year −$28,729$33,764
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $320,492 across 7 lines filed
VIII-1a Federated campaigns$15,000
VIII-1f All other contributions, gifts and grants$302,969
VIII-1g Noncash contributions (included above)$12,455
VIII-1h Total contributions, gifts and grants$317,969
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,354$2,354
VIII-3 Investment incomeRelated to mission $169$169
VIII-12 Total revenueRelated to mission $2,523$320,492
Part IX · Statement of functional expenses $286,728 across 8 lines filed
IX-7 Other salaries and wagesPrograms $182,539 · Management $20,282 · Fundraising $22,536$225,357
IX-11c Accounting feesPrograms $8,494 · Management $2,791 · Fundraising $3,120$14,405
IX-12 Advertising and promotionPrograms $2,274 · Management $4,452 · Fundraising $11$6,737
IX-13 Office expensesPrograms $7,354 · Management $3,688 · Fundraising $1,589$12,631
IX-16 OccupancyPrograms $1,223 · Management $11,006 · Fundraising $1,359$13,588
IX-17 TravelPrograms $1,640$1,640
IX-19 Conferences, conventions and meetingsPrograms $6,793 · Management $706 · Fundraising $1,279$8,778
IX-23 InsurancePrograms $2,910 · Management $323 · Fundraising $359$3,592
IX-25 Total functional expensesPrograms $213,227 · Management $43,248 · Fundraising $30,253$286,728
Part X · Balance sheet $123,510 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $8,878$69,171
X-3 Pledges and grants receivableStart of year $51,290$49,892
X-9 Prepaid expenses and deferred chargesStart of year $1,832$1,836
X-10c Land, buildings and equipment, net$2,611
X-16 Total assetsStart of year $62,000$123,510
X-17 Accounts payable and accrued expensesStart of year $14,208$1,453
X-24 Unsecured notes and loans payable$40,500
X-26 Total liabilitiesStart of year $14,208$41,953
X-27 Net assets without donor restrictionsStart of year $47,792$81,557
X-32 Total net assets or fund balancesStart of year $47,792$81,557
X-33 Total liabilities and net assetsStart of year $62,000$123,510
Part XI · Reconciliation of net assets $81,557 net assets at year end
XI-1 Total revenue$320,492
XI-2 Total expenses$286,728
XI-3 Revenue less expenses$33,764
XI-4 Net assets at start of year$47,792
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$81,557

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

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