Infinite Possibilities Inc
- Assets
- $375.9k
- Revenue
- $366.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Henderson, NC
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-0784542
Organization Overview
Infinite Possibilities Inc is located in Henderson, NC. The organization was established in 2010. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, under the broad grouping of Human Services and related organizations. As of 12/2021, Infinite Possibilities Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinite Possibilities 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 12/2021, Infinite Possibilities Inc generated $366.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $361.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GROWTH,RESPONSIBILITY SAFETY AND SELF-SUFFICIENCY, VICTIMS OF DV/SA HEADED BY SINGLE MOTHERS, AT-RISK YOUTH AND THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES HELP VICTIMS/SURVIVORS REBUILD AND REGAIN CONTROL OF THEIR LIVES. THE GOAL IS TO REDUCE THE OCCURANCES OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT THROUGH AWARENESS EDUCATION AND COLLABORATION WITH KEY STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kanika Turrentine Executive Director | Officer | 60 | $91,674 |
Latasha Wilder Board Member | Officer | 1 | $0 |
Latonya Carter Board Member | Officer | 1 | $0 |
Teresa Winbrow Board Member | Officer | 1 | $0 |
Judith Forrest Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $344,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,903 |
| Noncash contributions included in lines 1a–1f | $14,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,226 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $366,226 |
| 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. | $91,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,057 |
| Payroll taxes | $15,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $43,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,791 |
| All other expenses | $0 |
| Total functional expenses | $361,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,185 |
| Savings and temporary cash investments | $15,027 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,638 |
| Total assets | $375,850 |
| 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 | $5,994 |
| Total liabilities | $5,994 |
| Net assets without donor restrictions | $0 |
| 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 | $369,856 |
| Total liabilities and net assets/fund balances | $375,850 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Infinite Possibilities Inc has recieved totaling $40,049.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Single Parents Alliance & Resource Center Inc Norcross, GA | $372,477 | $1,727,548 |
Restoration House Of East Tennessee Knoxville, TN | $5,967,855 | $1,042,341 |
A Place For Us Ministries Inc Greenwood, SC | $440,529 | $499,910 |
Infinite Possibilities Inc Henderson, NC | $375,850 | $366,226 |
Carried To Full Term Haymarket, VA | $270,734 | $163,651 |
Crossroads Ministry Incorporated Oak Ridge, TN | $198,308 | $114,527 |
I Am My Sisters Keeper Memphis, TN | $58,415 | $0 |
Fortera Foundation Clarksville, TN | $928,820 | $2,152 |
Mollys Bridge Inc Savannah, GA | $304,378 | $0 |
Taras Tribe Pendleton, SC | $18,963 | $0 |
Working For A Purpose Foundation Guyton, GA | $0 | $0 |
Beautiful Beginnings Lawsonville, NC | $1,374 | $4,460 |