The Possibility Project Inc
- Assets
- $418.2k
- Revenue
- $651.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 07/2023
- EIN
- 13-4134366
Organization Overview
The Possibility Project Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Possibility Project 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 07/2023, Possibility Project Inc generated $651.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $598.2k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE POSSIBILITY PROJECT, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES, TO PROMOTE COMMUNICATION AND UNDERSTANDING BETWEEN PEOPLE OF DIVERSE BACKGROUNDS; TO EDUCATE YOUNG PEOPLE IN TECHNIQUES AND VALUES OF COMMUNICATIONS, CO-OPERATION, LEADERSHIP, MUTUAL SUPPORT AND TRUST AND CONFLICT RESOLUTION; THROUGH A VARIETY OF MEANS INCLUDING THE PERFORMING ARTS, THE POSSIBILITY PROJECT, INC. EMPOWERS TEENAGERS TO CREATE SAFE, PEACEFUL AND PRODUCTIVE LIVES AND COMMUNITIES. ADDITIONAL MISSION DETAILS APPEAR IN SCHEDULE O - SEE BELOW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS IN NEW YORK CITY TO PROMOTE NON-VIOLENT CONFLICT RESOLUTION AMONG YOUNG PEOPLE. THE POSSIBILITY PROJECT, INC. PROGRAM IS A COMBINATION OF ACTIVITIES THAT EXAMINE THE INTERRELATIONSHIPS OF THE PROBLEMS AND CONFLICTS THAT YOUTH CARE ABOUT AND OFTEN SUFFER FROM. IT ALSO DEVELOPS THE CAPACITY FOR ADDRESSING THESE ISSUES. HIGHLY INTERACTIVE AND INTENSELY CREATIVE, THE POSSIBILITY PROJECT REHERSALS UTILIZE THE PERFORMING ARTS TO UNLOCK PARTICIPANTS' CREATIVITY AROUND IMPORTANT PERSONAL AND SOCIAL ISSUES AND LEARN THE SKILLS NECESSARY FOR PERFORMANCE, EFFECTING CHANGE BOTH ON STAGE AND OFF FOR THEM AND THEIR COMMUNITIES. THE POSSIBILITY PROJECT HOPES TO SERVE 160 YOUTH IN ITS PROGRAM IN THE COMING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Griffin President | OfficerTrustee | 50 | $0 |
Paco Garcia Treasurer | OfficerTrustee | 5 | $0 |
Amy Swotinsky Vice Chair | OfficerTrustee | 5 | $0 |
Jason Almeida Director | OfficerTrustee | 5 | $0 |
Daniel Worrell Director | Trustee | 5 | $0 |
Elizabeth Strobel Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $628,784 |
| Total Program Service Revenue | $12,889 |
| Investment income | $668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $651,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,401 |
| Office expenses | $17,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,502 |
| Travel | $7,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,107 |
| All other expenses | $11,486 |
| Total functional expenses | $598,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,115 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,800 |
| Total assets | $418,205 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,375 |
| Total liabilities | $11,375 |
| Net assets without donor restrictions | $406,830 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $418,205 |