Civic Intelligence

The Possabilities Foundation

990 • Fiscal year 2013 • EIN 41-0851859

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 14, 2014

Organization ProfileWWW.POSSABILITIES.ORG
1808 3rd Ave SERochester, MN 55904

(507) 281-6116

Siviq Scores

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

Liabilities / Assets

81st percentile

0.60x

Higher debt load relative to assets than 81% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

93rd percentile

3.93x

Higher debt load relative to revenue than 93% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

33rd percentile

-1.8%

Faster asset growth than 33% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$2,424,968

Down $45,115 (-1.8%) from 2012

Net Assets

Up

$978,656

Up $18,552 (+1.9%) from 2012

Liabilities

Down

$1,446,312

Down $63,667 (-4.2%) from 2012

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin57th percentile

Revenue

$367,775

No earlier filing loaded for comparison.

Expenses

Down

$349,223

Down $18,454 (-5.0%) from 2012

Net Income

$18,552

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,818,444Liabilities 2010: $1,758,351Net Assets 2010: $1,060,0932010Assets 2011: $2,569,307Liabilities 2011: $1,601,944Net Assets 2011: $967,3632011Assets 2012: $2,470,083Liabilities 2012: $1,509,979Net Assets 2012: $960,1042012Assets 2013: $2,424,968Liabilities 2013: $1,446,312Net Assets 2013: $978,6562013Assets 2014: $2,281,023Liabilities 2014: $1,397,469Net Assets 2014: $883,5542014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$2,424,968
Liabilities$1,446,312
Net Assets$978,656
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2010: $236,1552010Expenses 2011: $407,2312011Expenses 2012: $367,6772012Revenue 2013: $367,775Expenses 2013: $349,223Net Income 2013: $18,5522013Revenue 2014: $201,616Expenses 2014: $296,718Net Income 2014: -$95,1022014Revenue 2015: $459,058Expenses 2015: $306,527Net Income 2015: $152,5312015

Highlighted filing

2013

Revenue$367,775
Expenses$349,223
Net Income$18,552
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 14, 2014
Return Version
2013v3.1
Gross Receipts
$421,654
Mission and Program Overview

Mission

To raise funds to provide grants to possabilities of southern minnesota an affiliated 501(c)(3) organization

To raise funds to provide grants to possabilities of southern minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,416,829$2,340,250▼ $76,579
Cash and Non-Interest-Bearing Accounts$48,588$84,718▲ $36,130
Accounts Receivable$4,666--
Total Assets$2,470,083$2,424,968▼ $45,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,507,665$1,421,878▼ $85,787
Accounts Payable and Accrued Expenses$2,314$24,434▲ $22,120
Total Liabilities$1,509,979$1,446,312▼ $63,667
Net Assets / Fund Balance
Unrestricted Net Assets$545,162$561,180▲ $16,018
Temporarily Rstr Net Assets$414,942$417,476▲ $2,534
Total Net Assets Fund Balance$960,104$978,656▲ $18,552
Total Liabilities and Net Assets / Fund Balance$2,470,083$2,424,968▼ $45,115

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,896,342$359,127$2,255,469
Land$443,908-$443,908
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Brad BeckerPresident
Mike MaluganiPresident El
Bill KleisTrustee
Hilary Stonlake-curtisTrustee
Kim AdamsTrustee
Nick DibbleTrustee
Robert YanishTrustee
Tammy BroganTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$58,272
Program Service Revenue
$249,141
Investment Income
$16
Other Revenue
$60,346
All Other Contributions
$15,713
Change in Net Assets
$18,552

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table100$26,900
Total Noncash Contributions100$26,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$367,775
Total Revenue per Audited Statements
$367,775
Total Revenue per Form 990
$367,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,723
Grants and Similar Amounts Paid$148,500
Total Fundraising Expense$11,312
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$148,500--$148,500
Interest$92,871--$92,871
Depreciation Depletion$76,579--$76,579
Fees for Services Other$10,459-$11,312$21,771
Fees for Services Accounting-$3,225-$3,225
Other Expenses$3,000--$3,000
Total Functional Expenses$334,686$3,225$11,312$349,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,223
Total Expenses per Audited Statements$349,223
Total Expenses per Form 990$349,223
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
41-0853397--Operations$148,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,225
Fundraising Direct Expenses$53,879
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$93,808$68,849$30,302$38,547
Event 2$59,013$41,413$20,756$20,657
Total Events$152,821$110,262$51,058$59,204
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board reviews a pdf of the tax return at either at a board meeting or by email communication”

Form 990, Page 6, Part VI, Line 12C

“The board reviews the conflict of interest policy on an annual basis at a board meeting”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

EIN
41-0851859
Phone
5072816116

Signing Officer

Name
Eileen Wallace
Title
Executive Director
Phone
5072816116
Signed
2014-10-14

Organization Details

Principal Officer
Eileen Wallace
Formed
2002
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
120

Preparer

Preparer
Mark Murch
Phone
5073742240
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10POSSABILITIES OF SOUTHERN MINNESOTA
IRS990ScheduleI/RecipientTable/RecipientEIN0410853397
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101808 3RD AVE SE
IRS990ScheduleI/RecipientTable/USAddress/City0ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/State0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode055904
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0100
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0VARIOUS
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt026900
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS A PDF OF THE TAX RETURN AT EITHER AT A BOARD MEETING OR BY EMAIL COMMUNICATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0414942
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0417476
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02470083
IRS990/TotalAssetsEOYAmt02424968
IRS990/TotalAssetsGrp/BOYAmt02470083
IRS990/TotalAssetsGrp/EOYAmt02424968
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt058272
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011312
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03225
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0334686
IRS990/TotalFunctionalExpensesGrp/TotalAmt0349223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01509979
IRS990/TotalLiabilitiesEOYAmt01446312
IRS990/TotalLiabilitiesGrp/BOYAmt01509979
IRS990/TotalLiabilitiesGrp/EOYAmt01446312
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0960104
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0978656
IRS990/TotalProgramServiceExpensesAmt0334686
IRS990/TotalProgramServiceRevenueAmt0249141
IRS990/TotalRevenueGrp/ExclusionAmt0249141
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0367775
IRS990/TotalVolunteersCnt0120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02470083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02424968
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0545162
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0561180
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101808 3RD AVE SE
IRS990/USAddress/City0ROCHESTER
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode055904
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.POSSABILITIES.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EILEEN WALLACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05072816116
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE POSSABILITIES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0POSS
ReturnHeader/Filer/EIN0410851859
ReturnHeader/Filer/PhoneNum05072816116
ReturnHeader/Filer/USAddress/AddressLine101808 3RD AVE SE
ReturnHeader/Filer/USAddress/City0ROCHESTER
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055904
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411987095
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WHITEWATER TAX & CONSULTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0DODGE CENTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0559270610
ReturnHeader/PreparerPersonGrp/PhoneNum05073742240
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK MURCH
ReturnHeader/ReturnTs02014-11-11T09:19:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,424,968
Liabilities
$1,446,312
Net assets
$978,656
Revenue
$367,775
Expenses
$349,223
Net income
$18,552
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.46$0.31$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.28$1.40$0.88$0.20$0.30$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.42$1.45$0.98$0.37$0.35$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.51$0.96$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$1.60$0.97$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$1.76$1.06$0.24