2022-11-15T20:15:45-06:00 2021-12-31 320530003 QUIGLEY & MIRON 3550 WILSHIRE BLVD 1660 LOS ANGELES CA 90010 990 2021-01-01 853989363 POSSIBILITY LABS POSS 2134080508 1410 FRANKLIN STREET 135 SAN FRANCISCO CA 94109 KEIKO MURASE CO-CEO 2134080508 2022-11-15 KEIKO MURASE 999009999 ARMEN GRIGORIAN P01582463 2136393550 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEIKO MURASE 1410 FRANKLIN STREET 135 SAN FRANCISCO CA 94109 6877917 0 X WWW.POSSIBILITYLABS.ORG X 2020 CA 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. 5 2 17 6 0 0 380000 5966708 0 200255 0 3214 0 13397 380000 6183574 0 1557100 0 0 90574 1514335 0 0 280350 58502 1170368 149076 4241803 230924 1941771 261806 2326557 30882 153862 230924 2172695 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. 0 0 2950594 1032100 201036 UNDER THE ORGANIZATION'S FISCAL SPONSOR PROGRAM, THE ORGANIZATION HOSTS INDIVIDUAL PROJECTS WHICH ARE VALUE-ALIGNED WITH THE MISSION OF THE ORGANIZATION AS FISCALLY-SPONSORED PROJECTS, AND SUPPORTS THEM BY IMPLEMENTING THE PROJECT'S CHARITABLE AND EDUCATIONAL PROGRAMS, INCLUDING PROVIDING ADMINISTRATIVE SERVICES, INCLUDING ACCOUNTING, FINANCE, HUMAN RESOURCES, AND IT MANAGEMENT. 582800 525000 IN ADDITION TO THE FISCAL SPONSOR PROGRAM, THE ORGANIZATION EXPANDED THE SCOPE OF ITS PROGRAMS TO INCLUDE DONOR ADVISED FUNDS (DAF) IN 2021. THE DAF PROGRAM IS DESIGNED TO DEPLOY INTEGRATED CAPITAL AND MULTI-YEAR GRANTS AND INVESTMENTS TO COMMUNITY INNOVATORS, SOCIAL ENTREPRENEURS, AND DONORS, AND TO IMPACT INVESTORS IN THE CATALYTIC WORK OF CO-CREATING THE NEW REALITY. 3533394 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 17 1 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 1 1 1 0 CA X NOBLE ACCOUNTING LLC 2134080508 2780 SKYPARK DRIVE SUITE 201 TORRANCE CA 90505 KEIKO MURASE CO-CEO 40.00 X X 189061 0 9393 LEM WHITE CO-CEO 40.00 X X 187914 0 25215 KELSEY BAKER CHIEF OF STAFF 40.00 X 39247 0 2886 KHALID KADIR BOARD MEMBER 1.00 X 0 0 0 ROSEMARY E FEI BOARD MEMBER 1.00 X 0 0 0 MASAKO KALBACH VP OF PEOPLE OPNS 40.00 X 147284 0 17764 VANESSA HUANG VP OF PARTNERSHIPS 40.00 X 127811 0 9482 691317 0 64740 4 0 1 0 0 5966708 5966708 PROGRAM FEES 900099 200255 200255 200255 49 49 690219 687054 3165 3165 3165 19905 7289 12616 12616 OTHER INCOME 900099 781 781 781 6183574 201036 0 15830 1557100 1557100 411583 307954 62471 41158 886645 617882 127970 140793 115765 77845 19410 18510 100342 71930 14274 14138 65320 54497 5495 5328 220713 198894 21819 93020 37610 55410 376157 263644 63207 49306 112297 91419 16032 4846 154958 142028 12930 62014 60276 680 1058 40121 28472 9827 1822 7305 7305 EQUIPMENT 17223 7502 6976 2745 PROFESSIONAL DEVELOPMEN 14211 4032 10142 37 SUPPLIES 7029 5004 1416 609 4241803 3533394 428059 280350 258202 2265505 43750 3604 17302 261806 2326557 9200 153862 21682 0 30882 153862 X 230924 803248 1369447 230924 2172695 261806 2326557 1941771 0 X X 0 1 X 1 0 X 380000 5996708 6376708 380000 5996708 6376708 4579694 1797014 49 49 6376757 911160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 525000 525000 0 1 1 0 X 6183574 0 6183574 0 6183574 4241803 0 4241803 0 4241803 PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT DECEMBER 31, 2021. GENERALLY THE ORGANIZATION'S INFORMATION RETURNS REMAIN OPEN FOR EXAMINATION FOR THREE (FEDERAL) OR FOUR (STATE) YEARS FROM THE DATE OF FILING. 0 WORLDREADER 2030 1ST AVE NO 300 SEATTLE WA 98121 500000 0 GENERAL OPERATING SUPPORT ELLA BAKER CENTER FOR HUMAN RIGHTS 1419 34TH AVE NO 202 OAKLAND CA 94601 20000 0 GENERAL OPERATING SUPPORT CALIFORNIA TRANSCENDS 1125 LOCHBRAE ROAD APT 8 SACRAMENTO CA 95815 10000 0 SUPPORT ORGANIZATIONAL CAPACITY BUILDING EFFORTS FOR BLACK TRANS-LED ORGANIZATIONS SERVING RURAL COMMUNITIES IN CALIFORNIA E&F MARKET INC 333 8TH ST OAKLAND CA 96607 6500 0 TO DEFRAY GRANTEE'S COSTS OF RETAINING AND COMPENSATING ITS EMPLOYEES, PROVIDING COMMUNITY SERVICE PROGRAMS, AND CONTRIBUTING TO THE STABILIZATION OF GRANTEE'S COMMUNITY YUEN HOP COMPANY 824 WEBSTER ST OAKLAND CA 94607 6500 0 TO DEFRAY GRANTEE'S COSTS OF RETAINING AND COMPENSATING ITS EMPLOYEES, PROVIDING COMMUNITY SERVICE PROGRAMS, AND CONTRIBUTING TO THE STABILIZATION OF GRANTEE'S COMMUNITY RANDIANT STRATEGIES LLC 36 S PORTLAND AVE BROOKLYN NY 11217 192000 0 TO DEVELOP A NEW EQUITY-FOCUSED PHILANTHROPIC CURRICULUM THAT WILL PROVIDE EDUCATION AND EXPERIENTIAL LEARNING OPPORTUNITIES, COACHING, AND STRATEGY PLANNING FOR DONORS. THE GUILD COLLECTIVE LLC 1830 DANCING FOX ROAD DECATUR GA 30032 9600 0 GRANT FROM COMMON FUTURE - GRANT FROM COMMON FUTURE THE GUILD COLLECTIVE LLC 1830 DANCING FOX ROAD DECATUR GA 30032 20400 0 TO SUPPORT GROUNDCOVER (NIKISHKA IYENGAR) THROUGH BII COHORT PARTICIPATORY GRANTMAKING POOL VISIBLE HANDS VC PBC C/O 1410 FRANKLIN STREET SUITE 135 SAN FRANCISCO CA 94109 SAN FRANCISCO CA 94109 480000 0 TO DEVELOP A PORTFOLIO OF COMPANIES THAT WILL POSITIVELY IMPACT MINORITY COMMUNITIES AND DRIVE ECONOMIC GROWTH AS WELL AS CREATE A PIPELINE OF DIVERSE-LED BUSINESSES READY FOR SEED AND LATER STAGE FUNDING VISIBLE HANDS VC PBC C/O 1410 FRANKLIN STREET SUITE 135 SAN FRANCISCO CA 94109 SAN FRANCISCO CA 94109 240000 0 TO DEVELOP A PORTFOLIO OF COMPANIES THAT WILL POSITIVELY IMPACT MINORITY COMMUNITIES AND DRIVE ECONOMIC GROWTH AS WELL AS CREATE A PIPELINE OF DIVERSE-LED BUSINESSES READY FOR SEED AND LATER STAGE FUNDING X 0 0 0 0 0 0 0 0 0 KEIKO MURASE CO-CEO 189061 0 0 0 0 0 0 0 9393 0 198454 0 0 0 LEM WHITE CO-CEO 187914 0 0 0 0 0 0 0 25215 0 213129 0 0 0 MASAKO KALBACH VP OF PEOPLE OPNS 147284 0 0 0 0 0 0 0 17764 0 165048 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THERE WERE NO MEMBER ELECTIONS. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNING BOARD REVIEWS AND APPROVES COMPENSATION OF EXECUTIVE STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE HAS RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. THEIR RESPONSIBILITY IS UNCHANGED FROM THE PRIOR YEAR.