My Possibilities
- Assets
- $35.9m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 122
- Location
- Plano, TX
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1509133
Organization Overview
My Possibilities is located in Plano, TX. The organization was established in 2008. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, My Possibilities employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Possibilities 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 12/2021, My Possibilities generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A CENTER OF CONTINUED LEARNING AND PRE-VOCATIONAL TRAINING THAT WILL INCREASE THE INDEPENDENCE, ENHANCE QUALITY OF LIFE AND PRESERVE THE DIGNITY OF ADULTS WITH SPECIAL NEEDS WITHIN COLLIN COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE DAILY CURRICULUM UTILIZED AT THE MY POSSIBILITIES' CAMPUS FOR HIGHER LEARNING IS ENGINEERED TO TEACH ADULTS WITH DISABILITIES, OR HUGELY IMPORTANT PEOPLE (HIPSTERS), HOW TO LIVE, WORK AND SOCIALIZE IN THEIR COMMUNITY IN A HEALTHY WAY WITH THE GUIDANCE OF A TRUE ACADEMIC STRUCTURE.
VOCATION: THESE PROGRAMS OFFER ONE-ON-ONE EMPLOYMENT CONSULTATION FOR ALL INDIVIDUALS WITH DISABILITIES IN NORTH TEXAS. THESE SERVICES ARE INDIVIDUALIZED AND FOCUS ON PREPARING FOR, SECURING, AND MAINTAINING EMPLOYMENT OPPORTUNITIES FOR ADULTS WITH A VARIETY OF DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT.
THERAPY: MY POSSIBILITIES UNDERSTANDS THAT NOT ALL HIPSTERS ARE THE SAME AND THEY MAY NEED SOME FORM OF UNIQUE CARE. THERAPY PROGRAMS PROVIDE A VARIETY OF SERVICES TO ENHANCE HIPSTER'S QUALITY OF LIFE SUCH AS SPEECH AND MUSIC.
OTHER PROGRAMS: ADDITIONAL PROGRAMS ARE DESIGNED TO FACILITATE MORE OPPORTUNITIES FOR HIPSTERS TO BECOME INVOLVED IN WELL-ROUNDED PERSONAL AND SOCIAL GROWTH. THESE PROGRAMS INCLUDE INDIVIDUAL AND GROUP PERSONAL TRAINING, RESPITE CARE, TRANSPORTATION, RESIDENTIAL, SPECIAL OLYMPICS, CAMPUS CLUBS, HIPSTER COUNCIL, AND VARIOUS HIPSTER SOCIAL EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Thomas Executive Director | Officer | 40 | $173,095 |
Ashley Hollingsworth Director Of Finance | Officer | 40 | $85,788 |
Karen Wald Chairperson | OfficerTrustee | 5 | $0 |
Kyle Liner Treasurer | OfficerTrustee | 5 | $0 |
William Behrendt Board Member | Trustee | 1 | $0 |
Roy Atwood Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $165,000 |
| Membership dues | $0 |
| Fundraising events | $443,311 |
| Related organizations | $0 |
| Government grants | $1,059,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,221,953 |
| Noncash contributions included in lines 1a–1f | $9,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,889,737 |
| Total Program Service Revenue | $2,868,460 |
| Investment income | $4,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$97,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,188,118 |
| 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. | $296,000 |
| Compensation of current officers, directors, key employees. | $197,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,680,432 |
| Pension plan accruals and contributions | $243,345 |
| Other employee benefits | $756,701 |
| Payroll taxes | $855,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,825 |
| Fees for services: Accounting | $31,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,897 |
| Advertising and promotion | $10,018 |
| Office expenses | $127,167 |
| Information technology | $160,435 |
| Royalties | $0 |
| Occupancy | $543,133 |
| Travel | $17,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $516,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,153 |
| Insurance | $623 |
| All other expenses | $0 |
| Total functional expenses | $7,205,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,390,089 |
| Savings and temporary cash investments | $3,597,592 |
| Pledges and grants receivable | $1,040,199 |
| Accounts receivable, net | $642,583 |
| 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 | $174,070 |
| Net Land, buildings, and equipment | $26,456,295 |
| Investments—publicly traded securities | $105,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,970 |
| Total assets | $35,881,798 |
| Accounts payable and accrued expenses | $641,189 |
| Grants payable | $0 |
| Deferred revenue | $21,567 |
| 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 | $11,474,067 |
| Unsecured mortgages and notes payable | $146,213 |
| Other liabilities | $0 |
| Total liabilities | $12,283,036 |
| Net assets without donor restrictions | $23,598,762 |
| 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 | $35,881,798 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that My Possibilities has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Addy Foundation Dallas, TX PURPOSE: EDUCATION | $75,000 |
Scp Foundation Dallas, TX PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
Wildearth Guardians Santa Fe, NM | $5,297,643 | $4,580,150 |