Possibilities INC EIN 73-1544249

Possibilities INC FY2021 filing

EIN  73-1544249 Public charity (501(c)(3)) Oklahoma City, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Trains diverse people in community engagement methods to lead and facilitate positive change.
Leadership
Lucy Fritts · Interim Trea
Money in and out
$286K revenue, $246K expenses
Bottom line
78% program efficiency

Trains diverse people in community engagement methods to lead and facilitate positive change. For fiscal year 2021 it reported $286K in revenue, $246K in expenses, and $122K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$246K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program efficiency
78%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$286K
FY2021▼ -11%
Expenses
$246K
FY2021▼ -14%
Total assets
$169K
FY2021▲ +37%
Total liabilities
$47K
FY2021▲ +13%
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$246K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $193K of program spending, described in the organization's own filed words · FY2020.
01

Possibilities invests its resources in local people by developing community based leaders through our core inside out program (formerly pip) and philosophy. Believing that we must first have a sense of self-worth before we can influence others, possibilities works on creating healthy self- esteem.

$193Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPossibilities INC
EINHdr · item D73-1544249
Principal addressHdr · item COklahoma City, OK
WebsiteHdr · item Jwww.possibilitiesinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFSep 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Interim Trea
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$266K · 93%
Program service revenue$21K · 7%
Contributions & grants93%$266K
Program service revenue7%$21K
Investment income$27
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program services78%$193K
Management & general10%$25K
Fundraising12%$29K
Total functional expensesLn 25$246K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$169K
Total liabilitiesLn 26$47K
Total net assetsLn 32$122K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $246K
6.2 months
Where the money goes
Program services
Program services $193K · Total expenses $246K
78%
Management & General
Management & general $25K · Total expenses $246K
10%
Fundraising
Fundraising $29K · Total expenses $246K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $30K · Solicited contributions (2-yr avg) $292K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $286K
93%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $21K · Total revenue $286K
7%
Investment reliance
Investment income $27 · Total revenue $286K
<0.01%
Program self-sufficiency
Program service revenue $21K · Total expenses $246K
8%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year $320K
-11%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $246K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $122K · Total assets $169K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $169K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lucy Fritts · Reported title INTERIM TREA · Highest reported compensation $0 · Total expenses $246K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $171K · Total expenses $246K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 10%
Fundraising cost ratio 11%
Revenue growth -11%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$310K revenue · ⤓ 990 PDF
FY2023$284K revenue · ⤓ 990 PDF
FY2022$252K revenue · ⤓ 990 PDF
FY2021$286K revenue · viewing · ⤓ 990 PDF
FY2020$320K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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