Civic Intelligence

Possibility Labs

990 • Fiscal year 2020 • EIN 85-3989363

Sep 10, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileWWW.POSSIBILITYLABS.ORG

View Organization Page

1410 Franklin St Ste 135San Francisco, CA 94109

(465) 866-7312

Siviq Scores

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

Liabilities / Assets

76th percentile

0.12x

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

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

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

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

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

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

Top Officer Pay

81st percentile

$11,538

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

$261,806

No earlier filing loaded for comparison.

Net Assets

$230,924

No earlier filing loaded for comparison.

Liabilities

$30,882

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin92nd percentile

Revenue

$380,000

No earlier filing loaded for comparison.

Expenses

$149,076

No earlier filing loaded for comparison.

Net Income

$230,924

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60M$40M$20M$0Assets 2020: $261,806Liabilities 2020: $30,882Net Assets 2020: $230,9242020Assets 2021: $2,326,557Liabilities 2021: $153,862Net Assets 2021: $2,172,6952021Assets 2022: $30,143,060Liabilities 2022: $2,147,276Net Assets 2022: $27,995,7842022Assets 2023: $21,615,149Liabilities 2023: $4,414,791Net Assets 2023: $17,200,3582023Assets 2024: $45,927,669Liabilities 2024: $11,703,659Net Assets 2024: $34,224,0102024

Highlighted filing

2020

Assets$261,806
Liabilities$30,882
Net Assets$230,924
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MRevenue 2020: $380,000Expenses 2020: $149,076Net Income 2020: $230,9242020Revenue 2021: $6,183,574Expenses 2021: $4,241,803Net Income 2021: $1,941,7712021Revenue 2022: $46,742,841Expenses 2022: $20,919,752Net Income 2022: $25,823,0892022Revenue 2023: $24,985,359Expenses 2023: $33,827,449Net Income 2023: -$8,842,0902023Revenue 2024: $54,036,907Expenses 2024: $37,013,238Net Income 2024: $17,023,6692024

Highlighted filing

2020

Revenue$380,000
Expenses$149,076
Net Income$230,924
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 10, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$380,000
Mission and Program Overview

Mission

Our mission is to co-create a new economy where black, indigenous, people of color, and historically low-income communities have the power of self-determination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$258,202-
Total Assets$0$261,806▲ $261,806
Other Assets Total-$3,604-
Liabilities
Other Liabilities-$21,682-
Accounts Payable and Accrued Expenses-$9,200-
Total Liabilities$0$30,882▲ $30,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$230,924-
Total Net Assets Fund Balance$0$230,924▲ $230,924
Total Liabilities and Net Assets / Fund Balance$0$261,806▲ $261,806
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleBaseTotal
Keiko MuraseCo- CEO$11,538$11,538
Lemuel WhiteCo-CEO$11,538$11,538
Masako KalbachVP of People Opns$9,231$9,231
Revenue and Support

Revenue Composition

Contributions and Grants
$380,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$380,000
Change in Net Assets
$230,924

Audited Revenue Reconciliation

Revenue per Audited Statements
$380,000
Total Revenue per Audited Statements
$380,000
Total Revenue per Form 990
$380,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$90,574
Other Expenses$58,502
Total Fundraising Expense$4,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,252$7,730$2,319$77,301
Fees for Services Legal$33,755$23,024$1,634$58,413
Payroll Taxes$7,388$849$255$8,492
Other Employee Benefits$4,160$478$143$4,781
Fees for Services Other-$89-$89
Total Functional Expenses$112,555$32,170$4,351$149,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$149,076
Total Expenses per Audited Statements$149,076
Total Expenses per Form 990$149,076
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$21,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

“There were no member elections”

Committee meeting documentation Part VI line 8B

“There were no committee meetings”

Form 990 governing body review Part VI line 11

“The governing body reviews all financial statements”

Conflict of interest policy compliance Part VI line 12C

“There is a conflict of interest policy”

CEO executive director top management comp Part VI line 15A

“COMPENSATION IS REVIEWED”

Other officer or key employee compensation Part VI line 15B

“All compensation is reviewed”

Governing documents etc available to public Part VI line 19

“Documents made available upon request”

Filing and Contact Details

Filer

Filer Name
Possibility Labs
EIN
85-3989363
Address
1410 FRANKLIN ST STE 135, SAN FRANCISCO, CA 94109

Signing Officer

Name
Keiko Murase
Title
Co-CEO
Phone
4658667312
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
4

Preparer

Firm
the JACK ROSE company
Address
2106 GREENFIELD AVE, Los Angeles, CA 90025
Preparer
Jack Rose
Phone
3104774808
Raw XML Appendix294 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/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO MEMBER ELECTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE WERE NO COMMITTEE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY REVIEWS ALL FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS A CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS REVIEWED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL COMPENSATION IS REVIEWED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS MADE AVAILABLE UPON REQUEST
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KEIKO MURASE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04658667312
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POSSIBILITY LABS
ReturnHeader/Filer/BusinessNameControlTxt0POSS
ReturnHeader/Filer/EIN0853989363
ReturnHeader/Filer/USAddress/AddressLine1Txt01410 FRANKLIN ST STE 135
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094109
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0951429509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0the JACK ROSE company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02106 GREENFIELD AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090025
ReturnHeader/PreparerPersonGrp/PhoneNum03104774808
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACK ROSE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T13:28:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEIKO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MURASE
ReturnHeader/TaxPeriodBeginDt02020-09-10
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$261,806
Liabilities
$30,882
Net assets
$230,924
Revenue
$380,000
Expenses
$149,076
Net income
$230,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$11.7$34.2$54.0$37.0$17.0
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$4.41$17.2$25.0$33.8$8.84
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$2.15$28.0$46.7$20.9$25.8
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.15$2.17$6.18$4.24$1.94
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.38$0.15$0.23