Possibility Place
- Assets
- $406.9k
- Revenue
- $309.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Murfreesboro, TN
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1205156
Organization Overview
Possibility Place is located in Murfreesboro, TN. The organization was established in 2015. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Possibility Place employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Possibility Place 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, Possibility Place generated $309.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $192.0k during the year ending 12/2021. While expenses have increased by 21.7% 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
TO PROVIDE INDIVIDUALIZED EDUCATIONAL, MOTIVATIONAL, VOCATIONAL, AND LIFE EXPERIENCE OPPORTUNITIES TO ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL, SOCIAL, COMMUNITY SERVICE, VOCATIONAL, AND TRAINING OPPORTUNITIES AND EXPERIENCES FOR 38 ADULTS WITH DISABILITIES. PROVIDED MOTIVATION THROUGH INDIVIDUALIZED CURRICULUM AND SUPPORTIVE TEACHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Craig Executive Director | Officer | 60 | $20,604 |
Jeff Atwood Board Member/president | Officer | 8 | $0 |
Angie Whitley Board Member/treasurer | Officer | 4 | $0 |
Lori Lee Board Member/officer | Officer | 2 | $0 |
Davis Turner Board Member | Trustee | 2 | $0 |
Thomas Rowe Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,095 |
| Fundraising events | $62,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,437 |
| Total Program Service Revenue | $125,326 |
| Investment income | $265 |
| 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 | $309,028 |
| 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. | $20,604 |
| Compensation of current officers, directors, key employees. | $10,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,022 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,378 |
| Advertising and promotion | $0 |
| Office expenses | $3,517 |
| Information technology | $825 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $6,569 |
| All other expenses | $31,039 |
| Total functional expenses | $192,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,468 |
| Savings and temporary cash investments | $294,422 |
| 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 | $0 |
| Total assets | $406,890 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $406,890 |
| Total liabilities and net assets/fund balances | $406,890 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Possibility Place has recieved totaling $3,772.
| Awarding Organization | Amount |
|---|---|
Ray C Mckinley Family Foundation Omaha, NE PURPOSE: GENERAL SUPPORT | $2,500 |
Baird Foundation Inc Milwaukee, WI PURPOSE: ETHNIC AND RELIGIOUS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Midwest Saint Louis, MO | $59,591,564 | $87,505,864 |
Arc Of The Ozarks Springfield, MO | $28,895,531 | $66,576,030 |
Versability Resources Inc Hampton, VA | $38,988,304 | $55,905,926 |
Orange Grove Center Inc Chattanooga, TN | $25,283,096 | $40,700,796 |
Bost Inc Fort Smith, AR | $31,302,190 | $39,844,873 |
The Whole Person Inc Kansas City, MO | $13,109,410 | $33,207,318 |
Shelby Residential And Vocational Services Inc Memphis, TN | $11,136,048 | $28,344,823 |
The Arc Of Central Alabama Inc Birmingham, AL | $20,011,579 | $29,814,936 |
St Louis Arc Inc St Louis, MO | $31,978,469 | $30,887,504 |
First Step Inc Hot Springs, AR | $25,350,913 | $29,227,176 |
Georgia Community Support And Solutions Inc Atlanta, GA | $4,204,879 | $27,773,056 |
Life Bridges Inc Cleveland, TN | $14,755,928 | $22,280,185 |