THE POSSE FOUNDATION INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE POSSE FOUNDATION INC (EIN 13-3840394)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-07-21
- IRS object ID
- 201442029349300824
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-21T14:42:33-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113518842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133840394 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE POSSE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POSS | BusinessNameControlTxt |
| Phone | 2124051691 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 WALL STREET NO 8A-60 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10005 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBORAH BIAL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2124051691 | PhoneNum |
| Signature | 2014-07-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT R LYONS CPA | PreparerPersonNm |
| PTIN | P00227274 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DEBORAH BIAL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 WALL STREET NO 8A-60 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,905,033 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.POSSEFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1989 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | POSSE STARTED BECAUSE OF ONE STUDENT WHO SAID, "I NEVER WOULD HAVE DROPPED OUT OF COLLEGE IF I HAD MY POSSE WITH ME." THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 35 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 34 | VotingMembersIndependentCnt |
| Total Employee | 162 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,835,867 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,120,431 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,085,991 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,399,672 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,683,885 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,084,334 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$18,956 | PYOtherRevenueAmt |
| CY Other Revenue | $32,368 | CYOtherRevenueAmt |
| PY Total Revenue | $19,586,787 | PYTotalRevenueAmt |
| CY Total Revenue | $35,636,805 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $209,052 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $272,118 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,381,254 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,419,887 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,802,951 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,254,372 | PYOtherExpensesAmt |
| CY Other Expenses | $6,066,937 | CYOtherExpensesAmt |
| PY Total Expenses | $13,844,678 | PYTotalExpensesAmt |
| CY Total Expenses | $15,758,942 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,742,109 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $19,877,863 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $61,448,540 | TotalAssetsBOYAmt |
| Total Assets EOY | $83,385,162 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,344,229 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,523,334 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,104,311 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $80,861,828 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,918,570 | ExpenseAmt |
| Grant | $272,118 | GrantAmt |
| Revenue | $2,399,672 | RevenueAmt |
| Desc | THE RECRUITMENT AND TRAINING PROGRAMS INCLUDE THE FOLLOWING SUB-PROGRAMS: RECRUITMENT, PRE-COLLEGIATE TRAINING, CAMPUS, AND CAREER. FOR THE RECRUITMENT PROGRAM, FROM SEPTEMBER THROUGH DECEMBER EACH YEAR, POSSE CONDUCTS THE DYNAMIC ASSESSMENT PROCESS (DAP), A UNIQUE EVALUATION METHOD DESIGNED TO IDENTIFY YOUNG LEADERS WHO MIGHT BE MISSED BY TRADITIONAL ADMISSIONS CRITERIA, BUT WHO CAN EXCEL AT SELECTIVE COLLEGES AND UNIVERSITIES. FOR THE PRE-COLLEGIATE TRAINING PROGRAM, FROM JANUARY TO AUGUST OF THEIR SENIOR YEAR IN HIGH SCHOOL, POSSE SCHOLARS MEET WEEKLY WITH STAFF TRAINERS AND THEIR POSSE PEERS FOR TWO-HOUR WORKSHOPS. THE TRAINING PROGRAM CONSISTS OF WORKSHOPS THAT ADDRESS FOUR AREAS: TEAM BUILDING AND GROUP SUPPORT, CROSS-CULTURAL COMMUNICATION, LEADERSHIP AND BECOMING AN ACTIVE AGENT OF CHANGE ON CAMPUS, AND ACADEMIC EXCELLENCE. FOR THE CAMPUS PROGRAM, POSSE STAFF MEMBERS VISIT EACH UNIVERSITY FOUR TIMES A YEAR FOR MEETINGS WITH POSSE SCHOLARS, CAMPUS LIAISONS AND MENTORS. EACH MENTOR MEETS WEEKLY WITH THE POSSE AS A TEAM AND WITH EACH SCHOLAR INDIVIDUALLY EVERY TWO WEEKS DURING THE FIRST TWO YEARS IN COLLEGE.IN ADDITION, POSSE FACILITATES AN ANNUAL WEEKEND-LONG POSSEPLUS RETREAT ATTENDED BY MEMBERS OF THE LARGER STUDENT BODY, FACULTY AND ADMINISTRATION, WITH THE GOAL OF DISCUSSING ANY IMPORTANT CAMPUS ISSUES IDENTIFIED BY POSSE SCHOLARS. FOR THE CAREER PROGRAM, POSSE PLAYS AN INTEGRAL ROLE IN THE PROFESSIONAL DEVELOPMENT OF OUR SCHOLARS AND ALUMNI BY PROVIDING THEM WITH THE TOOLS AND OPPORTUNITIES NECESSARY TO SECURE HIGHLY COMPETITIVE AND CAREER-ENHANCING INTERNSHIPS AND JOBS. ONE OF THE WAYS POSSE ACHIEVES THIS IS BY PARTNERING WITH EXCEPTIONAL COMPANIES AND ORGANIZATIONS, BOTH NATIONALLY AND ABROAD. CURRENTLY, POSSE HAS MORE THAN 100 PARTNER COMPANIES AND ORGANIZATIONS NATIONWIDE. THE CAREER PROGRAM HAS THREE CORE COMPONENTS: THE INTERNSHIP PROGRAM, CAREER SERVICES, AND THE ALUMNI NETWORK. | Desc |
| Total Program Service Expenses | $11,918,570 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 209 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 162 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 35 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 34 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROSANNA AYBAR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2124051691 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 WALL STREET SUITE 8A-60 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10005 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL AINSLIE | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| ANSON M BEARD JR | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| ERIC BECKMAN | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| ROBBIE OXNARD BENT | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| ALASTAIR BORTHWICK | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| RONALD CRUTCHER | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| HON DAVID N DINKINS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN FREDERICK EVANS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD FAIN | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| HAROLD FORD JR | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| MICHELE GANELESS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| KELLEY GRANAT | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| JAMES HOYTE | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA JANULIS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN LEFKOWITZ | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| BRUCE MACLEOD | |||||||
| TRUSTEE | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| GARRETT MORAN | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| DIANE B PATRICK ESQ | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| PAUL J SELIAN | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| FRANK SESNO | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| EUGENE B SHANKS JR | |||||||
| TRUSTEE | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| BRAD SINGER | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| DAVID THOMAS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY UBBEN | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| ANNE CHWAT | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| MARK TAYLOR | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES PHILLIPS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| HENRY PHILLIPS | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| DAN PICKERING | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| JOSE THOMAS | |||||||
| TRUSTEE | 0.40 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY UBBEN | |||||||
| CHAIRMAN OF THE BOARD | 0.60 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SUSIE SCHER | |||||||
| TREASURER | 0.40 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PHILIP PEAD | |||||||
| SECRETARY | 0.40 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PETER E BLAKER | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM A PLAPINGER | |||||||
| TRUSTEE | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH BIAL | |||||||
| PRESIDENT | 40.00 | $371,888 | $0 | $19,394 | Yes (X) | ||
| ROSANNA AYBAR | |||||||
| CFO/CAO | 40.00 | $205,230 | $0 | $29,967 | Yes (X) | ||
| MATTHEW FASCIANO | |||||||
| CHIEF OPERATING OFFICER | 40.00 | $184,482 | $0 | $27,189 | Yes (X) | ||
| HEDY ROMA | |||||||
| VP DEVELOPMENT | 40.00 | $172,500 | $0 | $8,458 | Yes (X) | ||
| RICO BLANCAFLOR | |||||||
| VP STRATEGIC PROJECTS | 40.00 | $135,867 | $0 | $12,111 | Yes (X) | ||
| REGINA BAIN | |||||||
| REGIONAL VICE PRESIDENT | 40.00 | $130,525 | $0 | $10,844 | Yes (X) | ||
| TAMARA CRAVER | |||||||
| REGIONAL DIRECTOR | 40.00 | $108,424 | $0 | $14,608 | Yes (X) | ||
| DENA WALLERSON | |||||||
| REGIONAL DIRECTOR | 40.00 | $105,777 | $0 | $9,494 | Yes (X) | ||
| LAMONT GORDON | |||||||
| REGIONAL DIRECTOR | 40.00 | $103,346 | $0 | $9,789 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,518,039 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $141,854 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLSPRING CONSULTING LLC | BusinessNameLine1 |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 198 AMITY ROAD | AddressLine1 |
| City | WOODBRIDGE | City |
| State | CT | State |
| ZIP Code | 06525 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | STRATEGIC PLANNING | ServicesDesc |
| Compensation | $165,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $3,384,193 | FundraisingAmt |
| Government Grants | $47,238 | GovernmentGrantsAmt |
| All Other Contributions | $25,689,000 | AllOtherContributionsAmt |
| Noncash Contributions | $1,269,420 | NoncashContributionsAmt |
| Total Contributions | $29,120,431 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| UNIVERSITY FEES | 611710 | $2,228,333 | $2,228,333 |
| SERVICE FEES | 900099 | $171,339 | $171,339 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,399,672 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,683,155 | TotalRevenueColumnAmt |
| Exclusion | $3,683,155 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,314,375 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $913,196 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $401,179 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $401,179 | TotalRevenueColumnAmt |
| Exclusion | $401,179 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $387,400 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $3,384,193 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $355,032 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,368 | TotalRevenueColumnAmt |
| Exclusion | $32,368 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,636,805 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,399,672 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,116,702 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,118 | TotalAmt |
| Program Services | $272,118 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,019,108 | TotalAmt |
| Program Services | $249,946 | ProgramServicesAmt |
| Management And General | $342,852 | ManagementAndGeneralAmt |
| Fundraising | $426,310 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,870,404 | TotalAmt |
| Program Services | $5,273,903 | ProgramServicesAmt |
| Management And General | $785,036 | ManagementAndGeneralAmt |
| Fundraising | $811,465 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,500 | TotalAmt |
| Program Services | $82,377 | ProgramServicesAmt |
| Management And General | $8,290 | ManagementAndGeneralAmt |
| Fundraising | $10,833 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $869,883 | TotalAmt |
| Program Services | $643,403 | ProgramServicesAmt |
| Management And General | $97,718 | ManagementAndGeneralAmt |
| Fundraising | $128,762 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,992 | TotalAmt |
| Program Services | $397,758 | ProgramServicesAmt |
| Management And General | $76,015 | ManagementAndGeneralAmt |
| Fundraising | $85,219 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,500 | TotalAmt |
| Management And General | $40,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $583,118 | TotalAmt |
| Program Services | $465,036 | ProgramServicesAmt |
| Management And General | $100,332 | ManagementAndGeneralAmt |
| Fundraising | $17,750 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,231,000 | TotalAmt |
| Program Services | $996,272 | ProgramServicesAmt |
| Management And General | $141,371 | ManagementAndGeneralAmt |
| Fundraising | $93,357 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,839,614 | TotalAmt |
| Program Services | $1,664,756 | ProgramServicesAmt |
| Management And General | $131,627 | ManagementAndGeneralAmt |
| Fundraising | $43,231 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,698,248 | TotalAmt |
| Program Services | $1,450,623 | ProgramServicesAmt |
| Management And General | $178,406 | ManagementAndGeneralAmt |
| Fundraising | $69,219 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,509 | TotalAmt |
| Program Services | $99,454 | ProgramServicesAmt |
| Management And General | $60,055 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,767 | TotalAmt |
| Program Services | $29,818 | ProgramServicesAmt |
| Management And General | $9,949 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STAFF TRAINING/DEVELOP. | $268,398 | $263,231 | $2,325 | $2,842 |
| FUNDRAISING COSTS | $113,420 | $113,420 | ||
| OTHER | $87,665 | $24,859 | $62,806 | |
| RECRUITMENT & SITE DEV. | $5,698 | $5,016 | $139 | $543 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,758,942 | TotalAmt |
| Program Services | $11,918,570 | ProgramServicesAmt |
| Management And General | $2,037,421 | ManagementAndGeneralAmt |
| Fundraising | $1,802,951 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | Yes (X) | JointCostsInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,075 | BOYAmt |
| EOY | $51,602 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,688,621 | BOYAmt |
| EOY | $5,871,301 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,613,934 | BOYAmt |
| EOY | $30,563,174 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,208,693 | BOYAmt |
| EOY | $2,281,352 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $497,618 | BOYAmt |
| EOY | $578,378 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,689,728 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,199,684 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,386 | BOYAmt |
| EOY | $490,044 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,092,213 | BOYAmt |
| EOY | $43,549,311 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,448,540 | BOYAmt |
| EOY | $83,385,162 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $395,929 | BOYAmt |
| EOY | $432,237 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,470,000 | BOYAmt |
| EOY | $1,516,667 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $478,300 | BOYAmt |
| EOY | $574,430 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,344,229 | BOYAmt |
| EOY | $2,523,334 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,742,810 | BOYAmt |
| EOY | $15,112,706 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,054,747 | BOYAmt |
| EOY | $38,042,368 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,306,754 | BOYAmt |
| EOY | $27,706,754 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,104,311 | BOYAmt |
| EOY | $80,861,828 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,448,540 | BOYAmt |
| EOY | $83,385,162 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $19,877,863 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,926,603 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$46,949 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,761,206 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,297,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,001,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,835,867 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,120,431 | CurrentTaxYearAmt |
| Total | $81,017,288 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,761,206 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,297,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,001,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,835,867 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,120,431 | CurrentTaxYearAmt |
| Total | $81,017,288 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $19,832,854 | SubstantialContributorsTotAmt |
| Public Support Total170 | $61,184,434 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,002,814 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,321,391 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,109,423 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,664,929 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,116,702 | CurrentTaxYearAmt |
| Total | $10,215,259 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $91,232,547 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $9,584,592 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67060 | PublicSupportCY170Pct |
| Public Support PY170 | 0.69300 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,261,844 | BeginningYearBalanceAmt |
| Contributions | $6,400,000 | ContributionsAmt |
| Investment Earnings Or Losses | $5,324,513 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$853,137 | OtherExpendituresAmt |
| End Year Balance | $40,133,220 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,139,046 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,890,234 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$767,436 | OtherExpendituresAmt |
| End Year Balance | $29,261,844 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,773,229 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $102,796 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$736,979 | OtherExpendituresAmt |
| End Year Balance | $26,139,046 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,847,866 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,586,966 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$661,603 | OtherExpendituresAmt |
| End Year Balance | $26,773,229 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,918,095 | BeginningYearBalanceAmt |
| Contributions | $5,431 | ContributionsAmt |
| Investment Earnings Or Losses | $4,924,340 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $23,847,866 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $534,080 | OtherCostOrOtherBasisAmt |
| Depreciation | $137,149 | DepreciationAmt |
| Book Value | $396,931 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,012,332 | OtherCostOrOtherBasisAmt |
| Depreciation | $926,335 | DepreciationAmt |
| Book Value | $85,997 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $143,316 | OtherCostOrOtherBasisAmt |
| Depreciation | $136,200 | DepreciationAmt |
| Book Value | $7,116 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $490,044 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| TIFF MULTI-ASSET FUND | $37,550,043 | F |
| VALUE ACT CAPITAL PARTNERS LP | $5,832,690 | F |
| CERTIFICATES OF DEPOSIT | $166,578 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $43,549,311 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $574,430 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $574,430 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $37,869,441 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,926,603 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $306,033 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $2,232,636 | RevenueNotReportedAmt |
| Revenue Subtotal | $35,636,805 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $35,636,805 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,111,924 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $306,033 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $46,949 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $352,982 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,758,942 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,758,942 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | PERMANENT ENDOWMENT - THE PERMANENTLY RESTRICTED NET ASSETS IS FOR THE ESTABLISHMENT OF AN ENDOWMENT FUND AND THE EARNINGS FROM PERMANENTLY RESTRICTED ENDOWMENT SHALL BE USED TO FUND POSSE'S PROGRAM ACTIVITIES. |
| PART X, LINE 2: | POSSE HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013 AND 2012 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. POSSE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2010. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | BAD DEBT EXPENSE (PLEDGES) 46,949. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | NY GALA | NameOfEvent1Amt |
| Gross Receipts Event1 | $2,103,399 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,917,899 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $185,500 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $161,871 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $4,448 | OtherDirectExpensesEvent1Amt |
| Name Of Event2 | POWER OF TEN (CHICAGO) | NameOfEvent2Amt |
| Gross Receipts Event2 | $289,650 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $269,400 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $20,250 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $11,938 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $791 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 10 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $1,378,544 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $1,196,894 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $181,650 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $168,298 | RentFcltyCostsOtherEventsAmt |
| Oth Direct Expnss Other Events | $7,686 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $3,771,593 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $3,384,193 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $387,400 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $342,107 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $12,925 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $355,032 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $32,368 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|
| POSSE SCHOLAR LEADERSHIP AWARDS | 111 | $200,825 | FAIR MARKET VALUE |
| ELYER STUDENT ASSISTANCE | 21 | $10,580 | FAIR MARKET VALUE |
| CORNELL SCHOLARS | 2 | $45,130 | FAIR MARKET VALUE |
| VASSAR VETERANS | 2 | $5,583 | FAIR MARKET VALUE |
| MICHAEL L. AINSLIE AWARD | 1 | $10,000 | FAIR MARKET VALUE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | POSSE SCHOLAR LEASERSHIP AWARDS ARE DESIGNED TO RELIEVE THE FINANCIAL OBSTACLES ASSOCIATED WITH THE SCHOLARS WHO WORK IN UNPAID OR MINIMALLY (LESS THAN $2,500) PAID INTERNSHIPS. PARTICIPANTS ARE REQUIRED TO UPLOAD RESUMES AND COMPLETE PSLA APPLICATION FORM. ELIGIBILITY IS DETERMINED BASED ON INITIAL SCREENING AND SUPERVISORY APPROVALS. ELYER STUDENT ASSISTANCE - ISSUED TO POSSE SCHOLARS THROUGHOUT THE YEAR ON A CASE-BY-CASE BASIS, WHO NEED FINANCIAL ASSISTANCE. THE ASSISTANCE COULD BE FOR ITEMS SUCH AS EMERGENCY FLIGHTS HOME DUE TO A DEATH IN THE FAMILY, FUNDS TO ASSIST TO STUDY ABROAD, ROOM AND BOARD, TEXTBOOKS OR MATERIALS FOR SCHOOL, HOUSING ASSISTANCE, ETC. CORNELL - THE POSSE FOUNDATION UTILIZES ITS DYNAMIC ASSESSMENT PROCESS TO IDENTIFY TALENTED AND POTENTIAL STUDENTS FROM NON-TRADITIONAL, URBAN BACKGROUNDS. CORNELL HAS AGREED TO SELECT 10 POSSE CHICAGO STUDENTS FOR ADMISSION TO THEIR CAMPUS EACH FALL. CORNELL WILL OFFER A NEED-BASED FINANCIAL AID PACKAGE TO EACH POSSE IT ADMITS. FOR THOSE POSSE SCHOLARS WHOSE TOTAL GRANT AID FROM ALL SOURCES IN THE CORNELL OFFER IS LESS THAN THE AMOUNT OF FULL TUITION FOR EACH YEAR, THE POSSE FOUNDATION WILL PAY DIRECTLY TO CORNELL ON BEHALF OF THAT SCHOLAR A SCHOLARSHIP IN AN AMOUNT EQUAL TO FULL CORNELL TUITION FOR THAT YEAR. - ELIGIBILITY: TO ALL POSSE SCHOLARS ALREADY ENROLLED IN THE PROGRAM WITH CORNELL UNIVERSITY - SELECTION CRITERIA: SEE DESCRIPTION ABOVE - MONITORING: DISCUSSION WITH CORNELL ON ELIGIBLE STUDENTS. VASSAR - FOR THE FIRST VETERANS POSSE (2013), THE POSSE FOUNDATION IS COMMITTING TO FURTHER SUPPLEMENTING VASSAR'S ASSISTANCE FOR OFF-CAMPUS POSSE SCHOLARS AND WILL PROVIDE GRANTS TO VETS STUDENTS IN THE EVENT OF A GAP TO COVER EXPENSES FOR RENT/SCHOOL HOUSING, FOOD, HEALTH INSURANCE FOR DEPENDENTS, DAY CARE. THE POSSE FOUNDATION WILL PROVIDE GRANTS IN THESE CATEGORIES AFTER A $6,000 ANNUAL STUDENT LOAN IS INCLUDED IN THE CALCULATIONS FOR THE INDIVIDUALS APPLYING FOR ASSISTANCE FROM POSSE. POSSE STAFF WILL MEET WITH THE STUDENT ON A SEMESTER BY SEMESTER BASIS TO DETERMINE NEED AND HEAR ABOUT ANY CHANGES IN THEIR FINANCIAL SITUATION. THE AINSLIE ALUMNI ACHIEVEMENT AWARD - IS GIVEN EACH YEAR TO ONE OUTSTANDING POSSE ALUMNA/ALUMNUS WHO HAS DEMONSTRATED INCREDIBLE LEADERSHIP AND SUCCESS WHILE GIVING BACK TO THE WORLD. THE AWARD HONORS POSSE ALUMNI WHO CONTINUE A LEGACY OF LEADERSHIP IN THEIR COMMUNITIES AND WHO EXEMPLIFY THE VALUES OF THE POSSE FOUNDATION. RECIPIENTS ARE SELECTED BASED ON THEIR POTENTIAL TO CREATE MEANINGFUL, FAR-REACHING CONTRIBUTIONS TO SOCIETY AS DEMONSTRATED BY THEIR TRACK RECORD OF SIGNIFICANT ACCOMPLISHMENT. THE AWARD COMES WITH A PRIZE OF $10,000. POSSE DOES NOT EVALUATE HOW RECIPIENTS USE THE FUNDS, NOR ARE RECIPIENTS REQUIRED TO SUBMIT INFORMATION TO POSSE REGARDING HOW THEY USE THE FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DEBORAH BIAL | ||||||||||||||
| PRESIDENT | $321,888 | $0 | $50,000 | $0 | $0 | $0 | $10,000 | $0 | $9,394 | $0 | $391,282 | $0 | $0 | $0 |
| ROSANNA AYBAR | ||||||||||||||
| CFO/CAO | $190,230 | $0 | $15,000 | $0 | $0 | $0 | $5,500 | $0 | $24,467 | $0 | $235,197 | $0 | $0 | $0 |
| MATTHEW FASCIANO | ||||||||||||||
| CHIEF OPERATING OFFICER | $169,482 | $0 | $15,000 | $0 | $0 | $0 | $8,525 | $0 | $18,664 | $0 | $211,671 | $0 | $0 | $0 |
| HEDY ROMA | ||||||||||||||
| VP DEVELOPMENT | $157,500 | $0 | $15,000 | $0 | $0 | $0 | $2,215 | $0 | $6,243 | $0 | $180,958 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALUEACT CAPITAL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SEE PART V. | RelationshipDescriptionTxt |
| Transaction | $5,832,690 | TransactionAmt |
| Transaction | SEE PART V. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | JEFFREY UBBEN, WHO IS THE CHAIR OF THE NATIONAL BOARD OF DIRECTORS OF POSSE FOUNDATION, IS ALSO A MANAGING PARTNER OF VALUEACT CAPITAL IN WHICH POSSE IS AN INVESTOR. INVESTMENT BALANCE AS OF DECEMBER 31, 2013 AMOUNTED TO $5,832,690. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 24 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,269,420 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | 1. MICHAEL AISNLIE HAS A FAMILY RELATIONSHIP WITH ROBBIE OXNARD BENT. 2. TIMOTHY UBBEN HAS A FAMILY RELATIONSHIP WITH JEFF UBBEN. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE ORGANIZATION'S 990 IS PROVIDED TO ALL BOARD MEMBERS VIA FEDEX AND/OR WEBSHARE, A SECURE ON-LINE ACCESS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION CIRCULATES A "CONFLICT OF INTEREST FORM" WHICH NEEDS TO BE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY. THE FORMS ARE REVIEWED AND FILED AT THE NATIONAL OFFICE. GOVERNING BODY MEMBERS EXCUSE THEMSELVES FROM ANY MATTERS OF CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD COMPENSATION COMMITTEE USES OTHER NONPROFIT EXECUTIVE COMPENSASTIONS AND NONPROFIT FIELD AVAILABLE SURVEYS IN ORDER TO DETERMINE AND APPROVE THE CEO COMPENSATION. THE PRESIDENT OF THE ORGANIZATION, ALSO A BOARD MEMBER, USES NONPROFIT FIELD SURVEYS AND COMPARABLE DATA TO REVIEW AND APPROVE KEY OFFICERS' AND MANAGEMENT'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION PROVIDES A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC, UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | BAD DEBT EXPENSE (PLEDGES) -46,949. |
| FORM 990, PART XI, LINE 2C: | THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM PRIOR YEAR. |
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