Foundation Of Possibilities
- Assets
- $32.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marlborough, CT
- Founding
- 02/2014
- Data as of
- 12/2023
- EIN
- 30-0754521
Organization Overview
Foundation Of Possibilities is located in Marlborough, CT. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Possibilities 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 12/2023, Foundation Of Possibilities generated $10.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $24.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO LEVEL THE PLAYING FIELD FOR EVERY CHILD, GIVING THEM THE RESOURCES AND OPPORTUNITIES TO ACHIEVE "THE BEST IN LIFE" REGARDLESS OF FAMILY INCOME LEVEL, HOME ENVIRONMENT, OR SOCIAL STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Mcmahon President | 0 | $0 | |
Sister Judy Carey Chair | 0 | $0 | |
Richard Mcmahon Treasurer | 0 | $0 | |
Steve Parker Board Of Dir | 0 | $0 | |
Angela Pinkerton Board Of Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,865 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,377 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $12,055 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,416 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,523 |
| Total expenses | $23,994 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,661 |
| Other assets | $0 |
| Total assets | $32,661 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,661 |