Foundation Of Possibilities
- Assets
- $81.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marlborough, CT
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 30-0754521
Organization Overview
Foundation Of Possibilities is located in Marlborough, CT. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of 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 12/2022, Foundation Of Possibilities generated $56.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $19.5k during the year ending 12/2022. While expenses have increased by 33.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO LEVEL THE PLAYING FIELD FOR EVERY CHILD, GIVING THEM THE RESOURCES AND OPPORTUNITIES TO ACHIEVE "THE BEST IN LIFE" REGARDLESS OF FAMILY INCOME LEVEL, HOME ENVIRONMENT, OR SOCIAL STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Parker Board Of Dir | 0 | $0 | |
Richard Mcmahon Treasurer | 0 | $0 | |
Angela Pinkerton Board Of Dir | 0 | $0 | |
Sister Judy Carey Chair | 0 | $0 | |
Carrie Mcmahon President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,461 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $120 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,581 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $3,411 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,564 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $537 |
| Total expenses | $19,512 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,413 |
| Other assets | $0 |
| Total assets | $81,413 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,413 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of Possibilities has recieved totaling $72.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |
Handz-On Inc Hartford, CT | $1,667,828 | $5,148,389 |
Empirical Resolution Inc New York, NY | $7,350,506 | $4,345,659 |
Faculty Student Association Of Westchester Community College Inc Valhalla, NY | $11,997,286 | $3,578,738 |
Fellowship Of Christians In Universities And Schools Inc New Canaan, CT | $15,092,232 | $4,910,009 |
John Jay College New York, NY | $4,331,954 | $4,637,173 |
School For Field Studies Inc Beverly, MA | $5,278,394 | $3,036,035 |
Massachuesetts Education And Career Opportunties Inc Worcester, MA | $1,916,451 | $3,715,649 |