Civic Intelligence

Master the Possibilities Inc.

990 • Fiscal year 2015 • EIN 46-2693153

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization Profilewww.masterthepossibilities.com
8435 SW 80th Street Suite 2Ocala, FL 34481

(352) 873-0848

Siviq Scores

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

Liabilities / Assets

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

58th percentile

6.8%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

97th percentile

$83,077

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 17.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

86th percentile

62%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

524%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$115,213

Up $43,928 (+62%) from 2014

Net Assets

Up

$103,573

Up $32,288 (+45%) from 2014

Liabilities

$11,640

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin58th percentile

Revenue

Up

$477,080

Up $400,580 (+524%) from 2014

Expenses

Up

$444,792

Up $439,577 (+8429%) from 2014

Net Income

Down

$32,288

Down $38,997 (-55%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$3.0M$2.0M$1.0M$0Assets 2014: $71,285Net Assets 2014: $71,2852014Assets 2015: $115,213Liabilities 2015: $11,640Net Assets 2015: $103,5732015Assets 2016: $182,647Liabilities 2016: $53,949Net Assets 2016: $128,6982016Assets 2017: $164,428Liabilities 2017: $35,233Net Assets 2017: $129,1952017Assets 2018: $244,330Liabilities 2018: $81,832Net Assets 2018: $162,4982018Assets 2019: $523,256Liabilities 2019: $89,355Net Assets 2019: $433,9012019Assets 2020: $629,867Liabilities 2020: $119,347Net Assets 2020: $510,5202020Assets 2021: $895,097Liabilities 2021: $84,564Net Assets 2021: $810,5332021Assets 2022: $1,226,561Liabilities 2022: $101,164Net Assets 2022: $1,125,3972022Assets 2023: $1,595,107Liabilities 2023: $140,505Net Assets 2023: $1,454,6022023Assets 2024: $2,105,250Liabilities 2024: $135,471Net Assets 2024: $1,969,7792024

Highlighted filing

2015

Assets$115,213
Liabilities$11,640
Net Assets$103,573
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2014: $76,500Expenses 2014: $5,215Net Income 2014: $71,2852014Revenue 2015: $477,080Expenses 2015: $444,792Net Income 2015: $32,2882015Revenue 2016: $627,702Expenses 2016: $602,577Net Income 2016: $25,1252016Revenue 2017: $677,707Expenses 2017: $677,210Net Income 2017: $4972017Revenue 2018: $786,918Expenses 2018: $753,615Net Income 2018: $33,3032018Revenue 2019: $1,048,264Expenses 2019: $776,861Net Income 2019: $271,4032019Revenue 2020: $752,412Expenses 2020: $675,793Net Income 2020: $76,6192020Revenue 2021: $1,015,552Expenses 2021: $715,539Net Income 2021: $300,0132021Revenue 2022: $1,120,831Expenses 2022: $805,967Net Income 2022: $314,8642022Revenue 2023: $1,377,111Expenses 2023: $1,047,906Net Income 2023: $329,2052023Revenue 2024: $1,627,863Expenses 2024: $1,112,686Net Income 2024: $515,1772024

Highlighted filing

2015

Revenue$477,080
Expenses$444,792
Net Income$32,288
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.0
Gross Receipts
$477,080
Mission and Program Overview

Mission

Master the possibilities operates a formal education program for senior adults (also known as continuing education, adult education and lifelong learning programs).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$67,170$109,107▲ $41,937
Prepaid Expenses and Deferred Charges-$1,928-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$71,285$115,213▲ $43,928
Other Assets Total$4,115$4,178▲ $63
Liabilities
Deferred Revenue-$11,640-
Total Liabilities$0$11,640▲ $11,640
Net Assets / Fund Balance
Unrestricted Net Assets$71,285$103,573▲ $32,288
Total Net Assets Fund Balance$71,285$103,573▲ $32,288
Total Liabilities and Net Assets / Fund Balance$71,285$115,213▲ $43,928
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret SpontakD. of EducationFT$60,362$22,715$83,077

Board Members and Trustees

NameTitle
Kenneth D ColenPresident
Richard A BelzDirector
Solon F O'Neal JRDirector
Stephen J Albright JrDirector
Barbara OrtizAsst Secretary
Robert L ColenSecretary
C Guy WoolbrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,181
Program Service Revenue
$472,676
Investment Income
$6
Other Revenue
$1,217
All Other Contributions
$3,181
Change in Net Assets
$32,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,798
Salaries, Compensation, and Employee Benefits$197,994
Total Fundraising Expense$6,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,154$20,769$4,154$83,077
Other Salaries and Wages$67,468$7,788-$75,256
Occupancy$18,904$2,968$270$22,142
Payroll Taxes$17,695$2,862$260$20,817
Other Employee Benefits$14,450$2,338$213$17,001
Insurance$13,917$2,511-$16,428
Other Expenses$8,887$3,350$305$8,887
All Other Expenses$5,399$3,310$103$8,812
Office Expenses$3,050$2,315-$5,365
Advertising$4,487$768-$5,255
Fees for Services Legal$1,020$3,570$510$5,100
Fees for Services Accounting$680$2,380$340$3,400
Pension Plan Contributions$1,430$359$54$1,843
Total Functional Expenses$383,254$55,329$6,209$444,792
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VProg Service RevenueNo$345,400

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The following Officers and Directors were considered to have a business relationship:Kenneth D. ColenRobert L. ColenC. Guy WoolbrightBarbara Ortiz”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is submitted to the Board of directors and is reviewed by the President and Assistant Secretary prior to filing with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization monitors potential conflicts of interest to the organization by requiring annual disclosure of family and business relationships by each board member.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors reviews and Approves executive Director and top management compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization made its governing documents, conflict of interest policy and financial statements available to the public pursuant to Section 6104 of the Internal Revenue Code upon request made in person or in writing.”

Filing and Contact Details

Filer

Filer Name
Master The Possibilities Inc
EIN
46-2693153
Phone
3528730848
Address
8435 SW 80th Street Suite 2, Ocala, FL 34481

Signing Officer

Name
Kenneth D Colen
Title
President
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth D Colen
Formed
2013
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
3
Employees
4
Volunteers
25

Preparer

Firm
Christopher Smith Leonard Etal
Address
101 E Kennedy Boulevard Suite 1460, Tampa, FL 33602
Preparer
Susan O Thompson
Phone
8134904490
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0260
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02862
IRS990/PayrollTaxesGrp/ProgramServicesAmt017695
IRS990/PayrollTaxesGrp/TotalAmt020817
IRS990/PensionPlanContributionsGrp/FundraisingAmt054
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0359
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01430
IRS990/PensionPlanContributionsGrp/TotalAmt01843
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01928
IRS990/PrincipalOfficerNm0Kenneth D Colen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Course Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0472676
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0472676
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt032288
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0472676
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Master the Possibilities, Inc. includes on its website and in its course catalog a notice of nondiscrimination policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Circle Sq Ranch Mstr Assn
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See Part V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0345400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Prog Service Revenue
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Two of the board members of Master the Possibilities, Inc. (MTP) are also board members of the Circle Square Ranch Master Association (Master Association). The Master Association is a Florida not for profit corporation and is an association of neighborhood associations which are also Florida not for profit corporations. The Board members for the Master Association are currently appointed by the developer of the original members of the Master Association. One MTP Board member has an indirect majority ownership in the developer. The Master Association collects monthly fees from its members (the neighborhood associations) which, to encourage participation in the MTP programs, it remits to MTP to provide discounted tuition rates to the individual members of the neighborhood associations for educational courses offered by MTP. This program service revenue does not benefit the Master Association, but rather benefits MTP, by enhancing registrations, and those individual members of the neighborhood associations who elect to take courses.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The following Officers and Directors were considered to have a business relationship:Kenneth D. ColenRobert L. ColenC. Guy WoolbrightBarbara Ortiz
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 is submitted to the Board of directors and is reviewed by the President and Assistant Secretary prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization monitors potential conflicts of interest to the organization by requiring annual disclosure of family and business relationships by each board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors reviews and Approves executive Director and top management compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization made its governing documents, conflict of interest policy and financial statements available to the public pursuant to Section 6104 of the Internal Revenue Code upon request made in person or in writing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt071285
IRS990/TotalAssetsEOYAmt0115213
IRS990/TotalAssetsGrp/BOYAmt071285
IRS990/TotalAssetsGrp/EOYAmt0115213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03181
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06209
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055329
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0383254
IRS990/TotalFunctionalExpensesGrp/TotalAmt0444792
IRS990/TotalGrossUBIAmt01217
IRS990/TotalLiabilitiesEOYAmt011640
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011640
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt071285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103573
IRS990/TotalOtherCompensationAmt022715
IRS990/TotalProgramServiceExpensesAmt0383254
IRS990/TotalProgramServiceRevenueAmt0472676
IRS990/TotalReportableCompFromOrgAmt060362
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0472676
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0477080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01217
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071285
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0115213
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt071285
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0103573
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08447 SW 99th St Rd
IRS990/USAddress/CityNm0Ocala
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034481

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,213
Liabilities
$11,640
Net assets
$103,573
Revenue
$477,080
Expenses
$444,792
Net income
$32,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.14$1.97$1.63$1.11$0.52
2023Summary only. Only limited summary data is available for this year.$1.60$0.14$1.45$1.38$1.05$0.33
2022Summary only. Only limited summary data is available for this year.$1.23$0.10$1.13$1.12$0.81$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.08$0.81$1.02$0.72$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.12$0.51$0.75$0.68$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.09$0.43$1.05$0.78$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.08$0.16$0.79$0.75$0.03
2017Summary only. Only limited summary data is available for this year.$0.16$0.04$0.13$0.68$0.68$0.00
2016Summary only. Only limited summary data is available for this year.$0.18$0.05$0.13$0.63$0.60$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.10$0.48$0.44$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.08$0.01$0.07