Civic Intelligence

Master the Possibilities Inc.

990 • Fiscal year 2023 • EIN 46-2693153

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 10, 2024

8435 SW 80th Street 2Ocala, FL 34481

(352) 873-0848

Siviq Scores

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

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$135,327

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

83rd percentile

30%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$1,595,107

Flat from 2023

Net Assets

Flat

$1,454,602

Flat from 2023

Liabilities

Flat

$140,505

Flat from 2023

Revenue

Flat

$1,377,111

Flat from 2023

Expenses

Flat

$1,047,906

Flat from 2023

Net Income

Flat

$329,205

Flat from 2023

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 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 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

2023

Assets$1,595,107
Liabilities$140,505
Net Assets$1,454,602

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 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 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

2023

Revenue$1,377,111
Expenses$1,047,906
Net Income$329,205
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 10, 2024
Return Version
2023v5.1
Gross Receipts
$2,069,894
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
Investments in Publicly Traded Securities$1,091,240$1,374,141▲ $282,901
Cash and Non-Interest-Bearing Accounts$51,164$143,576▲ $92,412
Investments Other Securities$30,417$34,451▲ $4,034
Prepaid Expenses and Deferred Charges$15,773$17,799▲ $2,026
Pledges and Grants Receivable$11,324$10,515▼ $809
Savings and Temporary Cash Investments$22,478$10,460▼ $12,018
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,226,561$1,595,107▲ $368,546
Other Assets Total$4,165$4,165→ $0
Liabilities
Deferred Revenue$99,961$139,265▲ $39,304
Accounts Payable and Accrued Expenses$1,203$1,240▲ $37
Total Liabilities$101,164$140,505▲ $39,341
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,125,397$1,454,602▲ $329,205
Total Net Assets Fund Balance$1,125,397$1,454,602▲ $329,205
Total Liabilities and Net Assets / Fund Balance$1,226,561$1,595,107▲ $368,546
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Krystel TorresComptrollerFT$124,380$10,947$135,327
Michelle ShidelerD. of EducationFT$60,370$26,070$86,440

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
CoAdvantageLeased Employees3350 Buschwood Dr 200, Tampa, FL 33618$538,360
Revenue and Support

Revenue Composition

Contributions and Grants
$846,620
Program Service Revenue
$479,634
Investment Income
$43,257
Other Revenue
$7,600
All Other Contributions
$846,620
Change in Net Assets
$329,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$597,071
Other Expenses$450,835
Total Fundraising Expense$5,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$228,882$50,044-$278,926
Current Officers, Directors, Trustees, and Key Employees$123,850$93,595$4,322$221,767
Payroll Taxes$45,589$17,995$471$64,055
Insurance$43,729$1,871-$45,600
Occupancy$35,938$3,537$102$39,577
All Other Expenses$21,391$10,564$308$32,263
Other Employee Benefits$22,594$6,867-$29,461
Other Expenses$19,153$2,452-$19,153
Fees for Services Legal$2,943$6,868-$9,811
Office Expenses$2,287$1,524-$3,811
Pension Plan Contributions$2,186$676-$2,862
Fees for Services Accounting$560$1,960$280$2,800
Travel-$2,055-$2,055
Advertising$917$103-$1,020
Total Functional Expenses$839,102$203,321$5,483$1,047,906
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
Circle Sq Ranch Master AsSee Part VProgram Service RevenueNo$149,475

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
No
Business relationship with 35% controlled entity
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, Section A, Line 2

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

Form 990, Part VI, Section B, Line 11B

The Form 990 is submitted to the Board of Directors and is reviewed by the president and comptroller prior to filing with the IRS.

Form 990, Part VI, Section B, Line 12C

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, Section B, Line 15A

Compensation is reviewed and approved by the President and Treasurer on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization makes 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 2, Ocala, FL 34481

Signing Officer

Name
Kenneth D Colen
Title
President
Signed
2024-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth D Colen
Formed
2013
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
4
Employees
9
Volunteers
178

Preparer

Firm
CHRISTOPHER SMITH LEONARD Et Al
Address
101 E Kennedy Blvd Suite 1460, Tampa, FL 33602
Preparer
Susan O Thompson
Phone
8134904490
Supplemental Narrative

Additional Explanations

Statement Note 1

Filing Under Hurricane Helene and Milton Disaster Relief

Raw XML AppendixShowing 400 of 470 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/PersonNm2Kenneth D Colen
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert L Colen
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01524
IRS990/OfficeExpensesGrp/ProgramServicesAmt02287
IRS990/OfficeExpensesGrp/TotalAmt03811
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04165
IRS990/OtherAssetsTotalGrp/EOYAmt04165
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06867
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022594
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029461
IRS990/OtherExpensesGrp/Desc0Instructor Fees/ Supplies
IRS990/OtherExpensesGrp/Desc1Computer Maintenance
IRS990/OtherExpensesGrp/Desc2Building Maintenance
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01653
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22452
IRS990/OtherExpensesGrp/ProgramServicesAmt0224673
IRS990/OtherExpensesGrp/ProgramServicesAmt134021
IRS990/OtherExpensesGrp/ProgramServicesAmt230389
IRS990/OtherExpensesGrp/ProgramServicesAmt319153
IRS990/OtherExpensesGrp/TotalAmt0226326
IRS990/OtherExpensesGrp/TotalAmt135578
IRS990/OtherExpensesGrp/TotalAmt232841
IRS990/OtherExpensesGrp/TotalAmt319153
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0Advertising Income
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07600
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07600
IRS990/OtherRevenueTotalAmt07600
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050044
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0228882
IRS990/OtherSalariesAndWagesGrp/TotalAmt0278926
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0471
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017995
IRS990/PayrollTaxesGrp/ProgramServicesAmt045589
IRS990/PayrollTaxesGrp/TotalAmt064055
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0676
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02186
IRS990/PensionPlanContributionsGrp/TotalAmt02862
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011324
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010515
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015773
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017799
IRS990/PrincipalOfficerNm0Kenneth D Colen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Course Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0479634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0479634
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0726441
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-4940
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0369247
IRS990/PYOtherRevenueAmt07600
IRS990/PYProgramServiceRevenueAmt0391730
IRS990/PYRevenuesLessExpensesAmt0314864
IRS990/PYSalariesCompEmpBnftPaidAmt0436720
IRS990/PYTotalExpensesAmt0805967
IRS990/PYTotalRevenueAmt01120831
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0329205
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0479634
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022478
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010460
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
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/PersonNm0Circle Sq Ranch Master As
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See Part V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0149475
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Program Service Revenue
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Sch L, Part IV, Business Transactions involving interested persons:(A) Name of Person: Circle Square Ranch Master AssociationSchedule L, Part IV, Line 1Two 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 coursed offered by MTP. This program service revenue does not benefit the master association, but rather benefits MTP, by enhancing registration, 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 Woolbright
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is submitted to the Board of Directors and is reviewed by the president and comptroller 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/ExplanationTxt3Compensation is reviewed and approved by the President and Treasurer on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes 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/ExplanationTxt5Filing Under Hurricane Helene and Milton Disaster Relief
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Statement Note 1
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01226561

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