Infinite Possibilities Inc
- Assets
- $301.8k
- Revenue
- $499.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Henderson, NC
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-0784542
Organization Overview
Infinite Possibilities Inc is located in Henderson, NC. The organization was established in 2010. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, under the broad grouping of Human Services and related organizations. As of 12/2022, Infinite Possibilities Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinite Possibilities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Infinite Possibilities Inc generated $499.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $514.5k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GROWTH,RESPONSIBILITY SAFETY AND SELF-SUFFICIENCY, VICTIMS OF DV/SA HEADED BY SINGLE MOTHERS, AT-RISK YOUTH AND THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES HELP VICTIMS/SURVIVORS REBUILD AND REGAIN CONTROL OF THEIR LIVES. THE GOAL IS TO REDUCE THE OCCURANCES OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT THROUGH AWARENESS EDUCATION AND COLLABORATION WITH KEY STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kanika Turrentine Executive Director | Officer | 60 | $87,304 |
Latasha Wilder Board Member | Officer | 1 | $0 |
Teresa Winbrow Board Member | Officer | 1 | $0 |
Latonya Carter Board Member | Officer | 1 | $0 |
Judith Forrest Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $488,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,339 |
| Noncash contributions included in lines 1a–1f | $182,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,406 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,305 |
| Compensation of current officers, directors, key employees. | $43,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,555 |
| Payroll taxes | $14,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,551 |
| All other expenses | $0 |
| Total functional expenses | $514,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,142 |
| Savings and temporary cash investments | $15,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,638 |
| Total assets | $301,809 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,974 |
| Total liabilities | $5,974 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $295,835 |
| Total liabilities and net assets/fund balances | $301,809 |
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|---|---|---|
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A Place For Us Ministries Inc Greenwood, SC | $779,041 | $559,767 |
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