Civic Intelligence

The Possible Project Inc.

990 • Fiscal year 2011 • EIN 27-1544896

Jan 01, 2011 to Dec 31, 2011 • Filed on Jul 24, 2012

Organization ProfileWWW.POSSIBLEPROJECT.ORG

View Organization Page

955 Massachusetts Avenue02139
Siviq Scores

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

Liabilities / Assets

67th percentile

0.21x

Higher debt load relative to assets than 67% of similar nonprofits.

2011 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets67th percentile

Assets

$543,312

No earlier filing loaded for comparison.

Net Assets

$429,102

No earlier filing loaded for comparison.

Liabilities

$114,210

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$856,102

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0Assets 2011: $543,312Liabilities 2011: $114,210Net Assets 2011: $429,1022011Assets 2012: $477,445Liabilities 2012: $100,629Net Assets 2012: $376,8162012Assets 2013: $342,979Liabilities 2013: $94,690Net Assets 2013: $248,2892013Assets 2016: $2,001,133Liabilities 2016: $912,047Net Assets 2016: $1,089,0862016Assets 2017: $1,702,475Liabilities 2017: $829,947Net Assets 2017: $872,5282017Assets 2018: $1,417,142Liabilities 2018: $770,144Net Assets 2018: $646,9982018Assets 2019: $1,908,672Liabilities 2019: $1,067,032Net Assets 2019: $841,6402019Assets 2020: $2,532,192Liabilities 2020: $1,147,173Net Assets 2020: $1,385,0192020Assets 2021: $20,628,656Liabilities 2021: $13,896,629Net Assets 2021: $6,732,0272021Assets 2022: $23,228,928Liabilities 2022: $20,990,553Net Assets 2022: $2,238,3752022Assets 2024: $20,507,942Liabilities 2024: $18,329,472Net Assets 2024: $2,178,4702024

Highlighted filing

2011

Assets$543,312
Liabilities$114,210
Net Assets$429,102
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2011: $856,1022011Expenses 2012: $1,061,8872012Revenue 2013: $1,127,882Expenses 2013: $1,256,409Net Income 2013: -$128,5272013Revenue 2016: $3,073,746Expenses 2016: $3,238,471Net Income 2016: -$164,7252016Revenue 2017: $4,092,310Expenses 2017: $4,308,868Net Income 2017: -$216,5582017Revenue 2018: $4,372,406Expenses 2018: $4,652,936Net Income 2018: -$280,5302018Revenue 2019: $6,660,029Expenses 2019: $6,441,377Net Income 2019: $218,6522019Revenue 2020: $7,660,656Expenses 2020: $7,117,277Net Income 2020: $543,3792020Revenue 2021: $12,891,174Expenses 2021: $7,544,166Net Income 2021: $5,347,0082021Revenue 2022: $6,882,430Expenses 2022: $11,376,082Net Income 2022: -$4,493,6522022Revenue 2024: $24,843,143Expenses 2024: $20,581,116Net Income 2024: $4,262,0272024

Highlighted filing

2011

Revenue-
Expenses$856,102
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jul 24, 2012
Return Version
2011v1.2
Gross Receipts
$705,888
Mission and Program Overview

Mission

The possible project works to instill an entrepreneurial mindset in our students, developing the social-emotional skills necessary to work collaboratively and solve problems in a high-level career path. We guide students through a dynamic curriculum, including hands-on work experience and individualized career planning, to develop the personal qualities that predict future professional success.

Filing and Contact Details

Filer

EIN
27-1544896
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IRS990/Description02011 was a monumental year for The Possible Project. TPP began serving students in March 2011, with the launch of its first of two pilot programs. 22 Cambridge Rindge & Latin School students completed the 10-week spring pilot and 13 completed the summer pilot program. Informed by the experiences with the two pilot programs, TPP launched the year-long formal program in October 2011 with 17 students from CRLS and 12 students from Community Charter School of Cambridge (CCSC). 2011 saw the initiation of TPP's two in-house businesses, Cambridge Made Possible (a digital imaging product-based business) and We Sell Possible (an online resale service-based business), in which students participate to gain real workplace experience. Additionally, the program secured key collaborations in 2011 with the New England School of Photography, the Cambridge Innovation Center, Cambridge Rindge & Latin School, Babson College, and the Community Charter School of Cambridge, as well as affiliations with Cambridge Local First and Harvard Square Business Association. The Possible Project's goals for 2012 include a partnership with the third and final public high school in Cambridge (Prospect Hill Academy), implementation of a trimester schedule and leveling system, the roll-out of a formal development and donor management program, institution of the Pathways Advising program component, and expanding its brand and communications in both targeted outreach and wider community recognition.
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IRS990/MissionDescription0THE POSSIBLE PROJECT UTILIZES ENTREPRENEURSHIP TO INSPIRE YOUNG PEOPLE WHO HAVE UNTAPPED POTENTIAL, EMPOWERING THEM WITH THE SKILLS REQUIRED TO ACHIEVE ENDURING PERSONAL AND PROFESSIONAL SUCCESS. WE GUIDE OUR STUDENTS THROUGH A NOVEL DYNAMIC CURRICULUM, HANDS-ON WORK EXPERIENCE, AND ASSISTANCE WITH ENTREPRENEURIAL ENDEAVORS AND CAREER GOALS. WE STRIVE TO HAVE ALL OUR STUDENTS USE THEIR SKILLS TO MOVE THROUGH A HIGH-LEVEL CAREER PATH AND IMPROVE THEIR COMMUNITIES WHILE REMAINING COMMITTED TO THE PRINCIPLE THAT ANYTHING IS POSSIBLE! The goal of The Possible Project is to maintain a youth entrepreneurship center designed to instruct high school students in the areas of entrepreneurship, business, financial literacy, and personal growth and development, including the 21st century skills needed to be successful in these areas. The Organization targets urban and at-risk youth in the Cambridge, Massachusetts area, and it may expand to other cities over time. Specifically, and without limitati
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0On December 10, 2010, the Internal Revenue Service granted the Organization an exemption from federal taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). However, certain activities of exempt organizations, to the extent profitable, may be subject to Federal and State taxation as unrelated business income. As required by ASC 740-10, the Organization recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax purposes meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Organization applied ASC 740 to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of that date. In addition, there have been no material changes in unrecognized benefits from January 1, 2011 to December 31, 2011. Accordingly, the Organization has not recorded any provision for income taxes.
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IRS990ScheduleE/PolicyPublViaBroadcastMedia0true
IRS990ScheduleE/PolicyStatementInBrochuresEtc0true
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0CALENDAR YEAR 2011 MARKS THE SECOND FULL YEAR OF OPERATIONS FOR The Possible Project. PER THE FORM 990 INSTRUCTIONS, AN ORGANIZATION MUST ANSWER "YES" TO PART III, LINE 2 IF THEY HAVE A PROGRAM SERVICE IN THE CURRENT YEAR THAT WAS NOT DESCRIBED IN THE PRIOR YEAR FORM 990. FURTHERMORE, AN ORGANIZATION MUST REPORT NEW SIGNIFICANT PROGRAM SERVICES ON FORM 990, PART III, RATHER THAN IN A LETTER TO THE IRS EXEMPT ORGANIZATIONS DETERMINATIONS DIVISION. THEREFORE, THE ORGANIZATION HAS ANSWERED YES TO FORM 990, PART III, LINE 2 AND HAS DESCRIBED THEIR NEW PROGRAM SERVICES ON FORM 990, PART III, LINE 4A.
IRS990ScheduleO/GeneralExplanation/Explanation1BECKY RUHMANN LEVIN, DIRECTOR AND MARK LEVIN, PRESIDENT/DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINE 11 PROVIDING COPY OF FORM 990 The Form 990 was prepared by an international accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was circulated to the full Board of Directors for discussion and comment. Each Board Member was provided opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. FORM 990, PART VI, LINE 12 CONFLICT OF INTEREST POLICY IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTIONS OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE DIRECTOR CANNOT PARTICIPATE IN DISCUSSIONS WHILE A DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS ON THE BOARD WILL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/GeneralExplanation/Explanation2A DETERMINATION WHETHER COMPENSATION ARRANGEMENTS AND BENFITS ARE REASONABLE WILL BE BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING.
IRS990ScheduleO/GeneralExplanation/Explanation3The taxpayer makes its Form 990 available to the public by retaining a copy at its place of business. The organization's financial information, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART III
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, LINE 2
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference0PROGRAM SERVICES DURING THE YEAR
IRS990ScheduleO/GeneralExplanation/ReturnReference1FAMILY/BUSINESS RELATIONSHIP
IRS990ScheduleO/GeneralExplanation/ReturnReference2PROCESS FOR DETERMINING COMPENSATION FOR EXECUTIVE DIRECTOR
IRS990ScheduleO/GeneralExplanation/ReturnReference3MAKING DOCUMENTS AVAILABLE
IRS990/ScheduleORequired0true
IRS990/School0true
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0true
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBondLiabilities/BOY00
IRS990/TaxExemptBondLiabilities/EOY00
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY00
IRS990/TemporarilyRestrictedNetAssets/EOY00
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10955 MASSACHUSETTS AVENUE
IRS990/TheBooksAreInCareOf/AddressUS/City0CAMBRIDGE

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$543,312
Liabilities
$114,210
Net assets
$429,102
Revenue
-
Expenses
$856,102
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$18.3$2.18$24.8$20.6$4.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$21.0$2.24$6.88$11.4$4.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$13.9$6.73$12.9$7.54$5.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$1.15$1.39$7.66$7.12$0.54
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$1.07$0.84$6.66$6.44$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.77$0.65$4.37$4.65$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.83$0.87$4.09$4.31$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.91$1.09$3.07$3.24$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.34$0.09$0.25$1.13$1.26$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.10$0.38$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.11$0.43$0.86