Possible Futures Inc
- Assets
- $554.0
- Revenue
- $6.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2018
- EIN
- 27-3267136
Organization Overview
Possible Futures Inc is located in Atlanta, GA. Possible Futures 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 12/2018, Possible Futures Inc generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $6.0k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (47.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE ATLANTA'S CREATIVE CULTURE AND EDUCATE THE PUBLIC THROUGH THE SUPPORT AND PRESENTATION OF ARTISTS, WRITERS AND PERFORMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS TO INDIVIDUAL ARTISTS AND WRITERS, OTHER NON-PROFIT ARTS ORGANIZATIONS AND OTHER ASSOCIATIONS OR FOR-PROFIT ENTITIES THAT WRITE ABOUT, PRESENT OR OTHERWISE SUPPORT A VARIETY OF ARTISTIC ENDEAVORS IN THE ATLANTA AREA. GRANTS ARE BASED ON ARTISTIC AND INTELLECTUAL MERIT AND COMMUNITY ENGAGEMENT. THE ORGANIZATION OPERATES ITS OWN EDUCATIONAL PROGRAMS, INCLUDING PRESENTING LECTURES, ART INSTALLATIIONS AND PERFORMANCES. NEARLY ALL OF THE PROGRAMS ARE FREE AND OPEN TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Corrigan President | 5 | $0 | |
Lauren Watel Secretary | 2 | $0 | |
Amber Boardman Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $303 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118 |
| Total operating and administrative expenses | $6,021 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202 |
| Other assets | $0 |
| Total assets | $554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Possible Futures Inc has awarded $7,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSATL PURPOSE: NUTURE CREATIVE CULTURE | $2,500 |
MARY GRACE PHILLIPS PURPOSE: INDEPENDENT PROJECT | $2,000 |
DASHBOARD COOP PURPOSE: NURTURE CREATIVE CULTURE | $1,000 |
ATLANTA CONTEMPORARY ART CENTER PURPOSE: NURTURE CREATIVE CULTURE | $2,000 |
MICHAEL MARTONE PURPOSE: NURTURE CREATIVE CULTURE | $200 |
AMBER NICOLE BROOKS PURPOSE: NURTURE CREATIVE CULTURE | $50 |