2014-07-21T14:42:33-05:00 2013-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-01-01 133840394 THE POSSE FOUNDATION INC POSS 2124051691 14 WALL STREET NO 8A-60 NEW YORK NY 10005 DEBORAH BIAL PRESIDENT 2124051691 2014-07-21 1 ROBERT R LYONS CPA P00227274 2125038800 2013 2015-11-30 17:44:51Z DEBORAH BIAL 14 WALL STREET NO 8A-60 NEW YORK NY 10005 36905033 0 X WWW.POSSEFOUNDATION.ORG X 1989 NY 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. 35 34 162 0 0 0 15835867 29120431 2085991 2399672 1683885 4084334 -18956 32368 19586787 35636805 209052 272118 0 0 8381254 9419887 0 0 1802951 5254372 6066937 13844678 15758942 5742109 19877863 61448540 83385162 2344229 2523334 59104311 80861828 X 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. 0 0 11918570 272118 2399672 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. 11918570 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 209 0 162 0 0 0 0 0 0 1 1 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY TX MA IL LA GA FL CA DC X ROSANNA AYBAR 2124051691 14 WALL STREET SUITE 8A-60 NEW YORK NY 10005 MICHAEL AINSLIE TRUSTEE 0.20 X 0 0 0 ANSON M BEARD JR TRUSTEE 0.20 X 0 0 0 ERIC BECKMAN TRUSTEE 0.40 X 0 0 0 ROBBIE OXNARD BENT TRUSTEE 0.20 X 0 0 0 ALASTAIR BORTHWICK TRUSTEE 0.20 X 0 0 0 RONALD CRUTCHER TRUSTEE 0.20 X 0 0 0 HON DAVID N DINKINS TRUSTEE 0.20 X 0 0 0 MARTIN FREDERICK EVANS TRUSTEE 0.20 X 0 0 0 RICHARD FAIN TRUSTEE 0.20 X 0 0 0 HAROLD FORD JR TRUSTEE 0.20 X 0 0 0 MICHELE GANELESS TRUSTEE 0.20 X 0 0 0 KELLEY GRANAT TRUSTEE 0.20 X 0 0 0 JAMES HOYTE TRUSTEE 0.20 X 0 0 0 BARBARA JANULIS TRUSTEE 0.20 X 0 0 0 STEVEN LEFKOWITZ TRUSTEE 0.20 X 0 0 0 BRUCE MACLEOD TRUSTEE 0.10 X 0 0 0 GARRETT MORAN TRUSTEE 0.40 X 0 0 0 DIANE B PATRICK ESQ TRUSTEE 0.20 X 0 0 0 PAUL J SELIAN TRUSTEE 0.20 X 0 0 0 FRANK SESNO TRUSTEE 0.40 X 0 0 0 EUGENE B SHANKS JR TRUSTEE 0.30 X 0 0 0 BRAD SINGER TRUSTEE 0.20 X 0 0 0 DAVID THOMAS TRUSTEE 0.20 X 0 0 0 TIMOTHY UBBEN TRUSTEE 0.40 X 0 0 0 ANNE CHWAT TRUSTEE 0.20 X 0 0 0 MARK TAYLOR TRUSTEE 0.40 X 0 0 0 CHARLES PHILLIPS TRUSTEE 0.20 X 0 0 0 HENRY PHILLIPS TRUSTEE 0.20 X 0 0 0 DAN PICKERING TRUSTEE 0.20 X 0 0 0 JOSE THOMAS TRUSTEE 0.40 X 0 0 0 JEFFREY UBBEN CHAIRMAN OF THE BOARD 0.60 X X 0 0 0 SUSIE SCHER TREASURER 0.40 X X 0 0 0 PHILIP PEAD SECRETARY 0.40 X X 0 0 0 PETER E BLAKER TRUSTEE 0.20 X 0 0 0 WILLIAM A PLAPINGER TRUSTEE 0.20 X 0 0 0 DEBORAH BIAL PRESIDENT 40.00 X 371888 0 19394 ROSANNA AYBAR CFO/CAO 40.00 X 205230 0 29967 MATTHEW FASCIANO CHIEF OPERATING OFFICER 40.00 X 184482 0 27189 HEDY ROMA VP DEVELOPMENT 40.00 X 172500 0 8458 RICO BLANCAFLOR VP STRATEGIC PROJECTS 40.00 X 135867 0 12111 REGINA BAIN REGIONAL VICE PRESIDENT 40.00 X 130525 0 10844 TAMARA CRAVER REGIONAL DIRECTOR 40.00 X 108424 0 14608 DENA WALLERSON REGIONAL DIRECTOR 40.00 X 105777 0 9494 LAMONT GORDON REGIONAL DIRECTOR 40.00 X 103346 0 9789 1518039 0 141854 11 0 1 0 WELLSPRING CONSULTING LLC 198 AMITY ROAD WOODBRIDGE CT 06525 STRATEGIC PLANNING 165000 1 3384193 47238 25689000 1269420 29120431 UNIVERSITY FEES 611710 2228333 2228333 SERVICE FEES 900099 171339 171339 2399672 3683155 3683155 1314375 913196 401179 401179 401179 387400 3384193 355032 32368 32368 35636805 2399672 0 4116702 272118 272118 1019108 249946 342852 426310 6870404 5273903 785036 811465 101500 82377 8290 10833 869883 643403 97718 128762 558992 397758 76015 85219 40500 40500 583118 465036 100332 17750 1231000 996272 141371 93357 1839614 1664756 131627 43231 1698248 1450623 178406 69219 159509 99454 60055 39767 29818 9949 STAFF TRAINING/DEVELOP. 268398 263231 2325 2842 FUNDRAISING COSTS 113420 113420 OTHER 87665 24859 62806 RECRUITMENT & SITE DEV. 5698 5016 139 543 15758942 11918570 2037421 1802951 X 48075 51602 5688621 5871301 18613934 30563174 2208693 2281352 497618 578378 1689728 1199684 299386 490044 34092213 43549311 61448540 83385162 395929 432237 1470000 1516667 478300 574430 2344229 2523334 X 10742810 15112706 27054747 38042368 21306754 27706754 59104311 80861828 61448540 83385162 X 19877863 1926603 -46949 X X 0 1 X 1 0 X 8761206 8297818 19001966 15835867 29120431 81017288 8761206 8297818 19001966 15835867 29120431 81017288 19832854 61184434 1002814 1321391 2109423 1664929 4116702 10215259 91232547 9584592 0.67060 0.69300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29261844 6400000 5324513 -853137 40133220 26139046 3890234 -767436 29261844 26773229 102796 -736979 26139046 23847866 3586966 -661603 26773229 18918095 5431 4924340 23847866 0 0 534080 137149 396931 1012332 926335 85997 143316 136200 7116 490044 TIFF MULTI-ASSET FUND 37550043 F VALUE ACT CAPITAL PARTNERS LP 5832690 F CERTIFICATES OF DEPOSIT 166578 F 43549311 DEFERRED RENT 574430 574430 X 37869441 1926603 306033 2232636 35636805 0 35636805 16111924 306033 46949 352982 15758942 0 15758942 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. NY GALA 2103399 1917899 185500 161871 4448 POWER OF TEN (CHICAGO) 289650 269400 20250 11938 791 10 1378544 1196894 181650 168298 7686 3771593 3384193 387400 342107 12925 355032 32368 1 POSSE SCHOLAR LEADERSHIP AWARDS 111 200825 FAIR MARKET VALUE ELYER STUDENT ASSISTANCE 21 10580 FAIR MARKET VALUE CORNELL SCHOLARS 2 45130 FAIR MARKET VALUE VASSAR VETERANS 2 5583 FAIR MARKET VALUE MICHAEL L. AINSLIE AWARD 1 10000 FAIR MARKET VALUE PART I, LINE 2: 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. X X X 0 0 0 0 0 0 0 0 0 DEBORAH BIAL PRESIDENT 321888 0 50000 0 0 0 10000 0 9394 0 391282 0 0 0 ROSANNA AYBAR CFO/CAO 190230 0 15000 0 0 0 5500 0 24467 0 235197 0 0 0 MATTHEW FASCIANO CHIEF OPERATING OFFICER 169482 0 15000 0 0 0 8525 0 18664 0 211671 0 0 0 HEDY ROMA VP DEVELOPMENT 157500 0 15000 0 0 0 2215 0 6243 0 180958 0 0 0 VALUEACT CAPITAL SEE PART V. 5832690 SEE PART V. 0 SCHEDULE L, PART IV: 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. X 24 1269420 FMV 0 1 0 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.