Its Possible Foundation Inc
- Assets
- $2.3m
- Revenue
- $73.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/2016
- Data as of
- 12/2022
- 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 12/2022, Its Possible Foundation Inc generated $73.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.2%) each year.
Since 2018, Its Possible Foundation Inc has awarded 28 individual grants totaling $139,092. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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.
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 |
|---|---|---|---|
Theresa Dvorak President/treasurer/director | 1 | $0 | |
Carl Dvorak Vice President/director | 1 | $0 | |
Alyssa Dvorak Secretary | 1 | $0 | |
Bob Sorge Director | 1 | $0 | |
David Reinecke Director | 1 | $0 | |
David Northcutt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,363 |
| Dividends & Interest | $24,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,919 |
| Capital Gain Net Income | $46,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,358 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $18,068 |
| Contributions, gifts, grants paid | $71,454 |
| Total expenses and disbursements | $89,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $497,646 |
| 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 | $18,008 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,252,617 |
| 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 $71,454 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BARABOO SCHOOL DISTRICT (NONCASH) PURPOSE: BOOKS | $454 |
BOLDEN LITTLE LEAGUE PURPOSE: YOUTH DEVELOPMENT | $5,000 |
BOYS AND GIRLS CLUB OF WEST CENTRAL WISCONSIN PURPOSE: YOUTH DEVELOPMENT | $5,000 |
HABITAT FOR HUMANITY OF GREEN COUNTY PURPOSE: ELIMINATING SUBSTANDARD HOUSING AND HOMELESSNESS | $28,000 |
HABITAT FOR HUMANITY OF WISCONSIN RIVER AREA PURPOSE: ELIMINATING SUBSTANDARD HOUSING AND HOMELESSNESS | $28,000 |
MAKE-A-WISH FOUNDATION OF WISCONSIN INC PURPOSE: LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES | $1,000 |