Its Possible Foundation Inc
- Assets
- $2.7m
- Revenue
- $274.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 47-5255658
Organization Overview
Its Possible Foundation Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Its Possible Foundation 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, Its Possible Foundation Inc generated $274.1k 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 (25.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE MADISON COMMUNITY FOUNDATION (MCF) AND TO BE OPERATED IN CONNECTION WITH MCF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DONATED $174,286 IN GRANTS FOR THE YEAR 2017 TO SUPPORT ITS EXEMPT PURPOSE AND MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Dvorak Vice President/director | 1 | $0 | |
Alyssa Dvorak Secretary | 1 | $0 | |
Theresa Dvorak President/treasurer/director | 1 | $0 | |
David Reinecke Director | 1 | $0 | |
Bob Sorge Director | 1 | $0 | |
David Northcutt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,374 |
| Dividends & Interest | $39,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $233,270 |
| Capital Gain Net Income | $233,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82 |
| Total operating and administrative expenses | $17,421 |
| Contributions, gifts, grants paid | $33,638 |
| Total expenses and disbursements | $51,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $616,365 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,688,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Its Possible Foundation Inc has awarded $33,638 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CATHEDRAL KITCHEN AND FOOD PANTRY SUPPORT | $24,000 |
CHAMPIONS4KIDS INC DBA THE FIRST TEE OF SOUTH CENTRAL WISCONSIN PURPOSE: YOUTH SPORTS DEVELOPMENT: MENTORING AND GOLF INSTRUCTION FOR AT-RISK CHILDREN | $5,000 |
VERONA AREA SCHOOL DISTRICT PURPOSE: VERONA AREA HIGH SCHOOL THEATRE DEPARTMENT SUPPORT | $2,638 |
Reedsburg, WI PURPOSE: PERFORMING ARTIST PROGRAMMING SUPPORT FOR THE GREATER REEDSBURG, WI COMMUNITY | $1,000 |
Las Vegas, NV PURPOSE: ANIMAL WELFARE: RESCUE, REHABILITATE AND REHOME ABANDONED ANIMALS IN NEVADA | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |
Shoppinggives Foundation Chicago, IL | $463,970 | $1,669,819 |
Lifelab Kids Foundation Ferndale, MI | $1,630,763 | $1,826,227 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Porter Hills Foundation Grand Rapids, MI | $0 | $3,057,025 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Maibach Family Foundation Southfield, MI | $25,000 | $500,000 |