Civic Intelligence

Master the Possibilities Inc.

990 • Fiscal year 2016 • EIN 46-2693153

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

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

76th percentile

0.30x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

53rd percentile

4.0%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$86,360

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

91st percentile

59%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

32%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$182,647

Flat from 2016

Net Assets

Flat

$128,698

Flat from 2016

Liabilities

Flat

$53,949

Flat from 2016

Revenue

Flat

$627,702

Flat from 2016

Expenses

Flat

$602,577

Flat from 2016

Net Income

Flat

$25,125

Flat from 2016

Historical Trend

Balance Sheet Trend

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 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

2016

Assets$182,647
Liabilities$53,949
Net Assets$128,698

Operations Trend

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 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

2016

Revenue$627,702
Expenses$602,577
Net Income$25,125
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$627,702
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$109,107$145,405▲ $36,298
Intangible Assets-$16,683-
Accounts Receivable-$11,173-
Prepaid Expenses and Deferred Charges$1,928$5,221▲ $3,293
Savings and Temporary Cash Investments-$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-
Inventories for Sale or Use-$0-
Total Assets$115,213$182,647▲ $67,434
Other Assets Total$4,178$4,165▼ $13
Liabilities
Deferred Revenue$11,640$32,713▲ $21,073
Accounts Payable and Accrued Expenses-$21,136-
Other Liabilities-$100-
Total Liabilities$11,640$53,949▲ $42,309
Net Assets / Fund Balance
Unrestricted Net Assets$103,573$128,698▲ $25,125
Total Net Assets Fund Balance$103,573$128,698▲ $25,125
Total Liabilities and Net Assets / Fund Balance$115,213$182,647▲ $67,434
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret SpontakD. of EducationFT$79,387$6,973$86,360

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
$75,661
Program Service Revenue
$548,996
Investment Income
$0
Other Revenue
$3,045
All Other Contributions
$75,661
Change in Net Assets
$25,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$352,896
Salaries, Compensation, and Employee Benefits$249,681
Total Fundraising Expense$6,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,191$19,088-$120,279
Current Officers, Directors, Trustees, and Key Employees$60,452$21,590$4,318$86,360
Payroll Taxes$22,138$5,337$198$27,673
Other Expenses$23,770$22,720-$23,770
Occupancy$20,100$2,978-$23,078
Insurance$17,772$2,511-$20,283
Other Employee Benefits$11,758$2,835$105$14,698
All Other Expenses$7,249$5,873$200$13,322
Fees for Services Legal$2,499$8,746$1,249$12,494
Office Expenses$6,989$1,083-$8,072
Depreciation Depletion$6,417--$6,417
Advertising$4,912$177$213$5,302
Fees for Services Accounting$938$3,283$469$4,690
Travel$1,518$23-$1,541
Pension Plan Contributions$587$84-$671
Total Functional Expenses$499,221$96,604$6,752$602,577
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$379,323

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Cards$100
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. Compensation is based on market analysis of similar not-for-profits in the region.

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
2017-11-06
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
7
Volunteers
215

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/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03045
IRS990/OtherRevenueTotalAmt03045
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019088
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0101191
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120279
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0198
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05337
IRS990/PayrollTaxesGrp/ProgramServicesAmt022138
IRS990/PayrollTaxesGrp/TotalAmt027673
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt084
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0587
IRS990/PensionPlanContributionsGrp/TotalAmt0671
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01928
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05221
IRS990/PrincipalOfficerNm0Kenneth D Colen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Course Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0548996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0548996
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03181
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0246798
IRS990/PYOtherRevenueAmt01217
IRS990/PYProgramServiceRevenueAmt0472676
IRS990/PYRevenuesLessExpensesAmt032288
IRS990/PYSalariesCompEmpBnftPaidAmt0197994
IRS990/PYTotalExpensesAmt0444792
IRS990/PYTotalRevenueAmt0477080
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt025125
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0548996
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Gift Cards
IRS990ScheduleD/TotalLiabilityAmt0100
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/TransactionAmt0379323
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. Compensation is based on market analysis of similar not-for-profits in the region.
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/TotalAssetsBOYAmt0115213
IRS990/TotalAssetsEOYAmt0182647
IRS990/TotalAssetsGrp/BOYAmt0115213
IRS990/TotalAssetsGrp/EOYAmt0182647
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt075661
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06752
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096604
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0499221
IRS990/TotalFunctionalExpensesGrp/TotalAmt0602577
IRS990/TotalGrossUBIAmt03045
IRS990/TotalLiabilitiesBOYAmt011640
IRS990/TotalLiabilitiesEOYAmt053949
IRS990/TotalLiabilitiesGrp/BOYAmt011640
IRS990/TotalLiabilitiesGrp/EOYAmt053949
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103573
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0128698

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