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Possibilities INC FY2022 filing

Tax-deductible

Oklahoma City, OK501(c)(3)Community Development EIN 73-1544249Revenue $252K in FY2022Latest 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.
81¢ 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
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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
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
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
-12% vs prior year
Spent
$265K
To programs
81%
Net assets
$109K
By yearFY2020–FY2024
Revenue
$252K
FY2022▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$320K
FY2021$286K
FY2022$252K
FY2023$284K
FY2024$310K
Expenses
$265K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$287K
FY2021$246K
FY2022$265K
FY2023$298K
FY2024$344K
Net assets
$109K
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$122K
FY2022$109K
FY2023$83K
FY2024$49K

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

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You’re viewing the FY2022 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

81 cents of each dollar spent went to programs.

Program services 81% · $216K Management & general 9% · $25K Fundraising 9% · $24K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Davonna Milam
Vice Preside
$0Pt VII · Sec A
Brent Colgan
Treasurer
$0Pt VII · Sec A
Larry Hopper
Director
$0Pt VII · Sec A
Rose Lane
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Mason
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 · $192K · in their own filed words · FY2021
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.

$192Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$252K
Ln 12
Gifts and grantsLn 1h$238K
Fees for servicesLn 2g$14K
Investment incomeLn 3$54
Money outPt IX
$265K
Ln 25
Programscol B$216K
Managementcol C$25K
Fundraisingcol D$24K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$111K
LiabilitiesLn 26$3K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Fees for servicesLn 2g$14K
Investment incomeLn 3$54
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$73K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$111K
LiabilitiesLn 26$3K
Net assetsLn 32$109K
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 FY22End FY22
Cash and savingsLn 1–2$128K$73K
Land, buildings, equipmentLn 10c$4K$8K
Total assetsLn 16$169K$111K
LiabilitiesLn 26$47K$3K
Net assetsLn 32$122K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$155K$126K$15K$15K
Other employee benefitsLn 9$13K$11K$1K$1K
Payroll taxesLn 10$11K$9K$1K$1K
Accounting feesLn 11c$10K$8K$969$872
Other fees for servicesLn 11g$7K$7K$55$50
Advertising and promotionLn 12$2K$1K$183$165
Office expensesLn 13$16K$13K$2K$1K
OccupancyLn 16$16K$13K$2K$1K
TravelLn 17$23$23
Travel and entertainment for public officialsLn 18$24K$19K$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K$198$178
InsuranceLn 23$4K$3K$353$317
Other expenses (24a–d)Ln 24$5K$4K$504$454
Total functional expensesLn 25$265K$216K$25K$24K

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
FY2022 ViewingFiled 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
FY2020Filed 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 FY2022 990 (6 parts)
Part I · Summary $251,564 revenue, 12 lines filed
I-8 Contributions and grants$237,618
I-9 Program service revenue$13,892
I-10 Investment income$54
I-11 Other revenue$0
I-12 Total revenue$251,564
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$179,981
I-16a Professional fundraising fees$0
I-17 Other expenses$84,668
I-18 Total expenses$264,649
I-19 Revenue less expenses−$13,085
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $251,564 across 6 lines filed
VIII-1a Federated campaigns$26,807
VIII-1f All other contributions, gifts and grants$210,811
VIII-1h Total contributions, gifts and grants$237,618
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,892$13,892
VIII-3 Investment incomeRelated to mission $54$54
VIII-12 Total revenueRelated to mission $13,946$251,564
Part IX · Statement of functional expenses $264,649 across 13 lines filed
IX-7 Other salaries and wagesPrograms $125,904 · Management $14,767 · Fundraising $14,767$155,438
IX-9 Other employee benefitsPrograms $10,764 · Management $1,262 · Fundraising $1,262$13,288
IX-10 Payroll taxesPrograms $9,117 · Management $1,069 · Fundraising $1,069$11,255
IX-11c Accounting feesPrograms $7,849 · Management $969 · Fundraising $872$9,690
IX-11g Other fees for servicesPrograms $6,874 · Management $55 · Fundraising $50$6,979
IX-12 Advertising and promotionPrograms $1,484 · Management $183 · Fundraising $165$1,832
IX-13 Office expensesPrograms $13,020 · Management $1,607 · Fundraising $1,446$16,073
IX-16 OccupancyPrograms $12,879 · Management $1,590 · Fundraising $1,431$15,900
IX-17 TravelPrograms $23$23
IX-18 Travel and entertainment for public officialsPrograms $19,136 · Management $2,363 · Fundraising $2,126$23,625
IX-19 Conferences, conventions and meetingsPrograms $1,604 · Management $198 · Fundraising $178$1,980
IX-23 InsurancePrograms $2,857 · Management $353 · Fundraising $317$3,527
IX-24 Other expenses (24a–d)Programs $4,081 · Management $504 · Fundraising $454$5,039
IX-25 Total functional expensesPrograms $215,592 · Management $24,920 · Fundraising $24,137$264,649
Part X · Balance sheet $111,379 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $127,617$73,279
X-3 Pledges and grants receivableStart of year $35,281$28,033
X-9 Prepaid expenses and deferred chargesStart of year $2,201$2,231
X-10c Land, buildings and equipment, netStart of year $4,207$7,836
X-16 Total assetsStart of year $169,306$111,379
X-17 Accounts payable and accrued expensesStart of year $17,099$2,646
X-26 Total liabilitiesStart of year $47,487$2,646
X-27 Net assets without donor restrictionsStart of year $121,819$108,733
X-32 Total net assets or fund balancesStart of year $121,819$108,733
X-33 Total liabilities and net assetsStart of year $169,306$111,379
Part XI · Reconciliation of net assets $108,733 net assets at year end
XI-1 Total revenue$251,564
XI-2 Total expenses$264,649
XI-3 Revenue less expenses−$13,085
XI-4 Net assets at start of year$121,819
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$108,733

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

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