The Posse Foundation Inc

Organization Overview

The Posse Foundation Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Posse Foundation Inc employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Posse Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Posse Foundation Inc generated $44.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $21.1m during the year ending 12/2020. While expenses have increased by 0.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Posse Foundation Inc has awarded 72 individual grants totaling $7,400,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

POSSE STARTED BECAUSE OF ONE STUDENT WHO SAID, "I NEVER WOULD HAVE DROPPED OUT OF COLLEGE IF I HAD MY POSSE WITH ME." THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RECRUITMENT AND TRAINING PROGRAMS INCLUDE THE FOLLOWING SUB-PROGRAMS: RECRUITMENT, PRE-COLLEGIATE TRAINING, CAMPUS AND CAREER AND ALUMNI. FOR THE RECRUITMENT PROGRAM, FROM SEPTEMBER THROUGH DECEMBER EACH YEAR, POSSE CONDUCTS THE DYNAMIC ASSESSMENT PROCESS (DAP), A UNIQUE EVALUATION METHOD DESIGNED TO IDENTIFY YOUNG LEADERS WHO MIGHT BE MISSED BY TRADITIONAL ADMISSIONS CRITERIA, BUT WHO CAN EXCEL AT SELECTIVE COLLEGES AND UNIVERSITIES. FOR THE PRE-COLLEGIATE TRAINING PROGRAM FROM JANUARY TO AUGUST OF THEIR SENIOR YEAR IN HIGH SCHOOL POSSE SCHOLARS MEET WEEKLY WITH STAFF TRAINERS AND THEIR POSSE PEERS FOR TWO-HOUR WORKSHOPS. THE TRAINING PROGRAM CONSISTS OF WORKSHOPS THAT ADDRESS FOUR AREAS: TEAM BUILDING AND GROUP SUPPORT, CROSS-CULTURAL COMMUNICATION, LEADERSHIP AND BECOMING AN ACTIVE AGENT OF CHANGE ON CAMPUS, AND ACADEMIC EXCELLENCE. FOR THE CAMPUS PROGRAM, POSSE STAFF MEMBERS VISIT EACH UNIVERSITY FOUR TIMES A YEAR FOR MEETINGS WITH POSSE SCHOLARS, CAMPUS LIAISONS AND MENTORS. EACH MENTOR MEETS WEEKLY WITH THE POSSE AS A TEAM AND WITH EACH SCHOLAR INDIVIDUALLY EVERY TWO WEEKS DURING THE FIRST TWO YEARS IN COLLEGE. IN ADDITION, POSSE FACILITATES AN ANNUAL WEEKEND-LONG POSSEPLUS RETREAT ATTENDED BY MEMBERS OF THE LARGER STUDENT BODY, FACULTY AND ADMINISTRATION, WITH THE GOAL OF DISCUSSING IMPORTANT CAMPUS ISSUES IDENTIFIED BY POSSE SCHOLARS. FOR THE CAREER PROGRAM, POSSE PLAYS AN INTEGRAL ROLE IN THE PROFESSIONAL DEVELOPMENT OF OUR SCHOLARS AND ALUMNI BY PROVIDING THEM WITH THE TOOLS AND OPPORTUNITIES NECESSARY TO SECURE HIGHLY COMPETITIVE AND CAREER-ENHANCING INTERNSHIPS AND JOBS. ONE OF THE WAYS POSSE ACHIEVES THIS IS BY PARTNERING WITH EXCEPTIONAL COMPANIES AND ORGANIZATIONS BOTH NATIONALLY AND ABROAD. CURRENTLY, POSSE HAS MORE THAN 250 PARTNER COMPANIES AND ORGANIZATIONS NATIONWIDE. THE CAREER PROGRAM HAS THREE CORE COMPONENTS: THE INTERNSHIP PROGRAM, CAREER DEVELOPMENT WORKSHOPS, CAREER COACHING, GRADUATE AND FELLOWSHIP PROGRAMS AND THE ALUMNI NETWORK.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Deborah Bial
President
$515,562
Matthew Fasciano
Chief Operating Officer
$312,226
Hedy Roma
VP Development
$229,449
Francis Occena
Cfo/cao
$210,426
Rassan Salandy
VP External Affairs
$169,441
Stacey Pierce
Associate Vice President
$142,499

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$37,763,272
Noncash contributions included in lines 1a–1f $2,947,586
Total Revenue from Contributions, Gifts, Grants & Similar$37,763,272
Total Program Service Revenue$3,350,004
Investment income $3,257,341
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $368,608
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,739,225

Grants Awarded

Over the last fiscal year, The Posse Foundation Inc has awarded $2,175,000 in support to 13 organizations.

Grant RecipientAmount

CALIFORNIA INSTITUTE OF THE ARTS

Org PageRecipient Profile

Valencia, CA

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$500,000

Mount Vernon, IA

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$250,000

Memphis, TN

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$250,000

WILLIAM & MARY

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$250,000

LEWIS & CLARK COLLEGE

Org PageRecipient Profile

Portland, OR

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$250,000

VILLANOVA UNIVERSITY

Org PageRecipient Profile

Villanova, PA

PURPOSE: GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE INITIATIVE ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Posse Foundation Inc has recieved totaling $11,000.

Awarding OrganizationAmount
Mary Jane And Carl Panattoni Charitable Foundation

Palm Beach, FL

PURPOSE: SUPPORT THEIR PURPOSE

$10,000
P O W E R Foundation Inc

Baltimore, MD

PURPOSE: EDUCATIONAL

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$88,304,299
Earnings$13,548,249
Net Contributions$100,000
Other Expense$2,791,657
Ending Balance$99,160,891

Peer Organizations

Organization NameAssets
Central Pennsylvania Scholarship Fund
Tyrone, PA
$45,167,381
Arcus Foundation
New York, NY
$35,703,685
Edward P Evans
Andover, MA
$13,916,833
The Childrens Scholarship Fund
New York, NY
$24,710,520
Math For America Inc
New York, NY
$20,036,646
Ja Worldwide Inc
Boston, MA
$21,801,943
The Posse Foundation Inc
New York, NY
$44,739,225
Inner-City Scholarship Fund Inc
New York, NY
$24,751,034
Joan And Irwin Jacobs Technion-Cornell Innovation Instit
New York, NY
$18,316,542
Tikvah Fund
New York, NY
$6,270,985
Cigna Foundation
Philadelphia, PA
$8,084,237
Catholic Schools Foundation Inc
Boston, MA
$27,305,892

Create an account to unlock the data you need.

or