Civic Intelligence

Infinite Possibilities Inc.

990 • Fiscal year 2020 • EIN 27-0784542

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 22, 2021

Organization ProfileWWW.INFINITEPOSSIBILITIESINC.COM
Post Office Box 3042Henderson, NC 27536

(252) 431-1926

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$90,946

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Asset Growth

93rd percentile

245%

Faster asset growth than 93% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

80%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$601,556

Up $427,306 (+245%) from 2019

Net Assets

Up

$595,563

Up $427,306 (+254%) from 2019

Liabilities

Flat

$5,993

Flat from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin90th percentile

Revenue

Up

$583,055

Up $258,967 (+80%) from 2019

Expenses

Down

$305,648

Down $18,602 (-5.7%) from 2019

Net Income

Up

$277,407

Up $277,569 (+171339%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2016: $95,403Liabilities 2016: $0Net Assets 2016: $95,4032016Assets 2017: $150,607Liabilities 2017: $6,747Net Assets 2017: $143,8602017Assets 2019: $174,250Liabilities 2019: $5,993Net Assets 2019: $168,2572019Assets 2020: $601,556Liabilities 2020: $5,993Net Assets 2020: $595,5632020Assets 2021: $375,850Liabilities 2021: $5,994Net Assets 2021: $369,8562021Assets 2022: $301,809Liabilities 2022: $5,974Net Assets 2022: $295,8352022Assets 2024: $122,716Liabilities 2024: $0Net Assets 2024: $122,7162024

Highlighted filing

2020

Assets$601,556
Liabilities$5,993
Net Assets$595,563
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $405,129Expenses 2016: $400,423Net Income 2016: $4,7062016Revenue 2017: $329,504Expenses 2017: $330,303Net Income 2017: -$7992017Revenue 2019: $324,088Expenses 2019: $324,250Net Income 2019: -$1622019Revenue 2020: $583,055Expenses 2020: $305,648Net Income 2020: $277,4072020Revenue 2021: $366,226Expenses 2021: $361,054Net Income 2021: $5,1722021Revenue 2022: $499,406Expenses 2022: $514,527Net Income 2022: -$15,1212022Revenue 2024: $498,893Expenses 2024: $572,785Net Income 2024: -$73,8922024

Highlighted filing

2020

Revenue$583,055
Expenses$305,648
Net Income$277,407
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 22, 2021
Return Version
2020v4.1
Gross Receipts
$583,055
Mission and Program Overview

Mission

To promote growth, responsibility and self-sufficiency among families headed by single mothers.

To promote growth,responsibility,safety and self-sufficiency,victims of DV/SA headed by single mothers, at-risk youth and the homeless.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$168,257$595,563▲ $427,306
Cash and Non-Interest-Bearing Accounts$147,247$573,490▲ $426,243
Savings and Temporary Cash Investments$26,143$27,206▲ $1,063
Total Assets$174,250$601,556▲ $427,306
Other Assets Total$860$860→ $0
Liabilities
Other Liabilities$5,993$5,993→ $0
Total Liabilities$5,993$5,993→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$168,257$595,563▲ $427,306
Total Liabilities and Net Assets / Fund Balance$174,250$601,556▲ $427,306
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kanika TurrentineExecutive DirectorFT$90,946$90,946

Board Members and Trustees

NameTitle
Judith ForrestBoard Member
Latasha WilderBoard Member
Latonya CarterBoard Member
Teresa WinbrowBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$583,055
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$226,400
Change in Net Assets
$277,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,582
Other Expenses$90,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,976--$108,976
Current Officers, Directors, Trustees, and Key Employees$90,946--$90,946
Payroll Taxes$15,660--$15,660
Occupancy$13,039--$13,039
Office Expenses$12,492--$12,492
Insurance$5,504--$5,504
All Other Expenses$3,541--$3,541
Other Expenses$2,541--$2,541
Travel$924--$924
Information Technology$520--$520
Total Functional Expenses$305,648$0$0$305,648
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 8A

“Quarterly board meetings are held and documented for annual review.”

PART VI, SECTION A, LINE 8B

“Each Committee with authority to act on behalf of the governing body is held or documented with quarterly Board Meetings Minutes.”

Part VI, Section B, Line 11

“Board Members receive and review 990 filings with schedules prior to final release and sign-off.”

PART VI, SECTION B, LINE 12C

“An annual review of all said policies are reviewed at the final annual Board Meeting to address ongoing compliance or changes that may be warranted.”

PART VI, SECTION B, LINE 15A

“Board Members perform an annual independent review using comparative data to determine and approval annual salary compensation.”

PART VI, SECTION B, LINE 15B

“Board Members perform an annual independent review using comparative data to determine and approval annual salary compensation for all staff.”

Filing and Contact Details

Filer

Filer Name
Infinite Possibilities Inc
EIN
27-0784542
Phone
2524311926
Address
POST OFFICE BOX 3042, HENDERSON, NC 27536

Signing Officer

Name
Kanika Turrentine
Title
Executive Director
Phone
2524311926
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kanika Turrentine
Formed
2009
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
4
Employees
4

Preparer

Firm
Jbs Tax and Accounting Services
Address
266 WILL JEFFERSON ROAD, HENDERSON, NC 27537
Preparer
Jacquetta H Bullock
Phone
2522046616
Supplemental Narrative

Additional Explanations

PART IX, LINE 24E

“Fringe benefits”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Quarterly board meetings are held and documented for annual review.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board Members receive and review 990 filings with schedules prior to final release and sign-off.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3An annual review of all said policies are reviewed at the final annual Board Meeting to address ongoing compliance or changes that may be warranted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board Members perform an annual independent review using comparative data to determine and approval annual salary compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board Members perform an annual independent review using comparative data to determine and approval annual salary compensation for all staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fringe benefits
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION B, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART IX, LINE 24e
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IRS990/USAddress/CityNm0HENDERSON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027536
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.INFINITEPOSSIBILITIESINC.COM
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KANIKA TURRENTINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02524311926
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INFINITE POSSIBILITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0INFI
ReturnHeader/Filer/EIN0270784542
ReturnHeader/Filer/PhoneNum02524311926
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 3042
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850992635
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JBS TAX AND ACCOUNTING SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0266 WILL JEFFERSON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027537
ReturnHeader/PreparerPersonGrp/PhoneNum02522046616
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACQUETTA H BULLOCK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-13T10:41:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KANIKA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TURRENTINE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$601,556
Liabilities
$5,993
Net assets
$595,563
Revenue
$583,055
Expenses
$305,648
Net income
$277,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$4.99$5.73$0.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.06$2.96$4.99$5.15$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$0.06$3.70$3.66$3.61$0.05
2020Detailed filing. Detailed filing data is available for this year.$6.02$0.06$5.96$5.83$3.06$2.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.06$1.68$3.24$3.24$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.07$1.44$3.30$3.30$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$4.05$4.00$0.05