Civic Intelligence

The Possibility Fund

990EZ • Fiscal year 2020 • EIN 82-2124676

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 27, 2021

Organization ProfileWWW.THEPOSSIBILITYFUND.ORG
700 Old Marple RoadSpringfield, PA 19064

(610) 328-0308

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-465%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

36th percentile

-3.0%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-93%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$320,014

Down $9,821 (-3.0%) from 2019

Net Assets

Down

$320,014

Down $9,821 (-3.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin3rd percentile

Revenue

Down

$2,114

Down $28,131 (-93%) from 2019

Expenses

Down

$11,935

Down $109,010 (-90%) from 2019

Net Income

Up

-$9,821

Up $80,879 (+89%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$600K$400K$200K$0Assets 2017: $4,321Liabilities 2017: $0Net Assets 2017: $4,3212017Assets 2018: $423,260Liabilities 2018: $2,725Net Assets 2018: $420,5352018Assets 2019: $329,835Liabilities 2019: $0Net Assets 2019: $329,8352019Assets 2020: $320,014Liabilities 2020: $0Net Assets 2020: $320,0142020Assets 2021: $203,801Liabilities 2021: $0Net Assets 2021: $203,8012021Assets 2022: $262,232Liabilities 2022: $0Net Assets 2022: $262,2322022

Highlighted filing

2020

Assets$320,014
Liabilities$0
Net Assets$320,014
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,008,000Expenses 2017: $1,003,679Net Income 2017: $4,3212017Revenue 2018: $1,181,433Expenses 2018: $765,219Net Income 2018: $416,2142018Revenue 2019: $30,245Expenses 2019: $120,945Net Income 2019: -$90,7002019Revenue 2020: $2,114Expenses 2020: $11,935Net Income 2020: -$9,8212020Revenue 2021: $3,596Expenses 2021: $119,809Net Income 2021: -$116,2132021Revenue 2022: $80,242Expenses 2022: $21,811Net Income 2022: $58,4312022

Highlighted filing

2020

Revenue$2,114
Expenses$11,935
Net Income-$9,821
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 27, 2021
Return Version
2020v4.1
Gross Receipts
$2,114
Mission and Program Overview

Mission

The possibility fund works with visionary leaders and organizations on the frontlines of social change. We believe that any intractable problem in the world can be reframed and overcome. Our stand is to create a bright future for everyone.

Program Services

DescriptionGrantsExpenses
SINCE 2017 THE POSSIBILITY FUND HAS BEEN WORKING WITH LEADERS IN THE CHESTER UPLAND SCHOOL DISTRICT IN CHESTER, PA. IN ADDITION TO HELPING LEADERS ACROSS THE DISTRICT REALIZE THE DISTRICT MISSION THAT EVERY STUDENT GRADUATES READY FOR COLLEGE OR A CAREER, EVERY STUDENT COMPLETES MIDDLE SCHOOL READY FOR HIGH SCHOOL, AND EVERY STUDENT COMPLETES ELEMENTARY SCHOOL READY FOR MIDDLE SCHOOL THE POSSIBILITY FUND HAS WORKED TO HELP ITS PARTNERS INSTILL A CULTURE OF COLLABORATION AND TRUST, INCREASE STAKEHOLDER ENGAGEMENT, AND ENABLE MULTIPLE PATHWAYS FOR STUDENT ACHIEVEMENT. IN 2020, THE POSSIBILITY FUND FOCUSED ITS EFFORTS ON TOBY FARMS INTERMEDIATE SCHOOL. WORKING WITH THE PRINCIPAL, ASSISTANT PRINCIPAL, AND 15 KEY STAFF MEMBERS, THE POSSIBILITY FUND CONDUCTED GROUP AND INDIVIDUAL LEADERSHIP DEVELOPMENT SESSIONS TO DRIVE MORE EFFECTIVE COMMUNICATION, INSTRUCTION, AND COLLABORATION. THE ACTIVITIES COMPRISED IN THIS INITIATIVE ARE AS FOLLOWS: BREAKTHROUGH PERFORMANCE TEAM MEETINGS: TEAM MEETINGS AIMED AT FOSTERING TEAMWORK, TRUST, COLLABORATION, AND INNOVATION. LEADERSHIP DEVELOPMENT SESSIONS: ONE-ON-ONE SESSIONS AIMED AT (1) EXAMINING AND RESHAPING THINKING, AND (2) BUILDING THE COMPETENCIES REQUIRED TO CREATE SUSTAINABLE CHANGE. BREAKTHROUGH MINDSET CURRICULUM: LEADERSHIP DEVELOPMENT PROGRAM AIMED AT BUILDING COMPETENCIES IN (1) CONNECTING TO PURPOSE, (2) DEVELOPING NEW THINKING, (3) TEAMWORK, AND (4) EXECUTING BREAKTHROUGH OUTCOMES. THE POSSIBILITY FUND AND LEADERS ACROSS CUSD ARE WORKING WITH A LOCAL CONSULTING FIRM CALLED GAP INTERNATIONAL, WHICH SPECIALIZES IN RESHAPING ORGANIZATIONAL THINKING TO PRODUCE SUSTAINABLE, BREAKTHROUGH RESULTS. THE ACTIVITIES LISTED ABOVE ARE DESIGNED BY THE POSSIBILITY FUND AND DELIVERED BY GAP INTERNATIONAL'S TRAINED CONSULTANTS. THE PARTNERSHIP BETWEEN THE POSSIBILITY FUND, GAP INTERNATIONAL, AND CUSD HAS BEEN AGREED UPON WITH THE POSSIBILITY FUND BOARD OF DIRECTORS AND THE SUPERINTENDENT OF CUSD. THE POSSIBILITY FUND MONITORS AND EVALUATES THE PROGRESS OF ITS ACTIVITIES, AND THIS REGULAR EVALUATION DETERMINES THE SCOPE OF ONGOING AND FUTURE ACTIVITIES UNDERTAKEN BY THE POSSIBILITY FUND. THE ACTIVITY WAS CONDUCTED DURING THE 2020 CALENDAR YEAR. BREAKTHROUGH PERFORMANCE TEAM MEETINGS AND BREAKTHROUGH CURRICULUM MINDSET TRAINING WERE CONDUCTED TWICE A MONTH. LEADERSHIP DEVELOPMENT SESSIONS WERE CONDUCTED ONCE A MONTH.FOR THE FIRST TWO MONTHS OF 2020, MOST ACTIVITIES WERE CONDUCTED ON SITE AT TOBY FARMS INTERMEDIATE SCHOOL, WITH A SMALL PORTION OF ACTIVITIES CONDUCTED AT GAP INTERNATIONAL'S OFFICE. FROM MARCH THROUGH THE END OF THE YEAR, ALL ACTIVITIES WERE CONDUCTED VIA PHONE OR VIDEOCONFERENCE.AS PART OF ITS ONGOING ACTIVITY EVALUATION, THE POSSIBILITY FUND ADMINISTERS BI-MONTHLY SURVEYS TO SCHOOL LEADERS TO GAUGE THE DEGREE TO WHICH SCHOOL LEADERS ARE EMBRACING NEW WAYS OF THINKING, COLLABORATING, AND ENGAGING WITH STAKEHOLDERS. OVERALL, THE LEADERS HAVE HAD A NOTABLY POSITIVE SHIFT IN THE COMPETENCIES ADDRESSED BY THE PROGRAM ACTIVITIES. A SAMPLING OF THESE IMPROVEMENTS IS LISTED BELOW: SUSTAINED IMPROVEMENTS IN SCHOOL LEADERS' ABILITY TO CHANGE THEIR THINKING TO BECOME MORE EFFECTIVE AT DELIVERING OUTCOMES. INCREASED ALIGNMENT WITH SCHOOL AND DISTRICT-WIDE MISSION AND OUTCOMES. INCREASED ABILITY TO INFLUENCE COLLEAGUES' ATTITUDES. INCREASED WILLINGNESS TO EMBRACE IDEAS THAT MIGHT SEEM UNREALISTIC.PRIOR TO THE PANDEMIC, THESE IMPROVED COMPETENCIES ENABLED SCHOOL LEADERS TO CREATE NEW WAYS TO BOOST STUDENT ENGAGEMENT. BELOW ARE A COUPLE EXAMPLES: TEACHERS CREATED A 40+ MEMBER STUDENT CITIZENSHIP CLUB. ADMISSION TO THE CLUB WAS PREMISED ON ACADEMIC ACHIEVEMENT AND BEHAVIOR, WHICH INCENTIVIZED WOULD-BE MEMBERS TO IMPROVE THEIR PERFORMANCE IN BOTH AREAS. LEADERS CREATED NEW PARTNERSHIPS WITH LOCAL BUSINESS AND ORGANIZATIONS TO SPUR STUDENT INVOLVEMENT IN THE COMMUNITY.AFTER THE PANDEMIC STRUCK, THE IMPROVED COMPETENCIES ENABLED SCHOOL LEADERS TO NAVIGATE THE MANY UNCERTAINTIES THEY AND THEIR STUDENTS WERE FACING. NOTABLE ACCOMPLISHMENTS INCLUDE: CREATION OF NEW TOOLS TO TRACK STUDENT ATTENDANCE AND ENGAGEMENT. AVERAGE STUDENT REMOTE ATTENDANCE OF ~85%. CREATION OF NEW TRACKING SYSTEM TO ENSURE STUDENT ACCESS TO HARDWARE AND SOFTWARE REQUIRED FOR REMOTE LEARNING. CREATION OF NEW TEACHER ENGAGEMENT ACTIVITIES. NEW SYSTEM OF ENGAGING PARENTS TO MONITOR THEIR KIDS' REMOTE ATTENDANCE AND PERFORMANCE. CONSISTENT SHARING OF BEST PRACTICES TO MAINTAIN STUDENT AND TEACHER MORALE. MORE RIGOROUS ASSESSMENTS OF STUDENTS' ACADEMIC NEEDS, AND MORE TARGETED INTERVENTION.$0$1,800
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
AGAVNI YERAMYANPresident-$0--
LUDMILLA MALMBERGVice President-$0--
CINDY FISCHERTreasurer-$0--
MAURICE MITTSSecretary-$0--
NANCY SLOANEExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Possibility Fund
EIN
82-2124676
Phone
6103280308
Address
700 OLD MARPLE ROAD, SPRINGFIELD, PA 19064

Signing Officer

Name
Nancy Sloane
Title
Executive Director
Phone
6103280308
Signed
2021-04-27
Discuss with paid preparer
Yes

Preparer

Firm
Eisneramper Llp
Address
130 NORTH 18TH STREET SUITE 3000, PHILADELPHIA, PA 19103-2757
Preparer
Helen M Martin
Phone
2158818800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: marketing and design. Amount: 4,935. Description: other program expenses. Amount: 1,800. Description: bank charges. Amount: 909. Description: other administrative expenses. Amount: 17. Total to form 990-ez, line 16: 7,661.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: scrip cards. Beg. Of year amount: 0. End of year amount: 200.”

Raw XML Appendix149 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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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$320,014
Liabilities
$0
Net assets
$320,014
Revenue
$2,114
Expenses
$11,935
Net income
-$9,821
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.08$0.02$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.00$0.12$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.03$0.12$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$1.18$0.77$0.42
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.01$1.00$0.00