Im-Possible Inc
- Assets
- $90.1k
- Revenue
- $68.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Durant, OK
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 47-5439413
Organization Overview
Im-Possible Inc, operating under the name The Mission Renewal Center, is located in Durant, OK. The organization was established in 2016. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Mission Renewal Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Renewal Center 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, Mission Renewal Center generated $68.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $170.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO RECEIVE OUR NEIGHBORS EXPERIENCING HOMELESSNESS, HELP THEM REBUILD THEIR LIVES, AND RETURN THEM TO THE COMMUNITY AS INDEPENDENT AND CONTRIBUTING MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I'M POSSIBLE EXISTS TO ASSIST THE DURANT, OK COMMUNITY MEMBERS EXPERIENCING HOMELESSNESS. THE ORGANIZATION SEEKS TO HELP THEM REBUILD THEIR LIVES AND RETURN THEM TO THE COMMUNITY AS INDEPENDENT AND CONTRIBUTING MEMBERS OF SOCIETY. THE ORGANIZATION PROVIDED DAY SERVICES AND A TRANSITIONAL RESIDENTIAL PROGRAM. DURING DAY SERVICES, ANYONE EXPERIENCING HOMELESSNESS IS WELCOME TO COME FOR SHOWERS, LAUNDRY, MEALS, AND WORK WITH OUR CASE WORKER. WE ARE HERE TO NOT ONLY MEET BASIC HUMAN NEEDS, BUT TO BUILD RELATIONSHIP, CREATE A MANAGABLE PLAN TO REBUILD THEIR LIVES, AND WORK WITH THEM TO ACHIEVE THOSE GOALS. WE ARE CLOSELY CONNECTED TO MANY ORGANIZATIONS IN OUR COMMUNITY SO WE CAN FURTHER CONNECT INDIVIDUALS TO OTHER SERVICES THEY MAY NEED. IN 2023, THE ORGANIZATION INITIATED THE TRANSITIONAL RESIDENCY PROGRAM. INDIVIDUALS EXPERIENCING HOMELESSNESS, IF QUALIFIED AND ACCEPTED, LIVE IN OUR FACILITY FULL-TIME AND WORK A FOUR-PHASE PROGRAM WITH COACHING AND GUIDANCE FROM OUR DIRECTOR AND CASE WORKER. THEY WILL LEARN LIFE SKILLS, MAINTAIN EMPLOYMENT, AND LEARN TO MANAGE FINANCES AND A HOUSEHOLD IN A SAFE AND STABLE ENVIRONMENT. THE END GOAL IS COMPLETE SELF- SUFFICIENCY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Bancewicz Executive Di | Officer | 40 | $56,790 |
Zach Backues Director/pre | OfficerTrustee | 1 | $0 |
Kara Byrd Director | Trustee | 1 | $0 |
Brandon Mitchell Director/vp | OfficerTrustee | 1 | $0 |
Sue Stanfield Secretary/di | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,114 |
| Noncash contributions included in lines 1a–1f | $43,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,114 |
| 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 | $1,676 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,968 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,790 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,352 |
| Advertising and promotion | $499 |
| Office expenses | $9,276 |
| Information technology | $271 |
| Royalties | $0 |
| Occupancy | $14,117 |
| Travel | $3,207 |
| 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 | $3,385 |
| Insurance | $1,688 |
| All other expenses | $0 |
| Total functional expenses | $170,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,274 |
| Savings and temporary cash investments | $0 |
| 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 | $38,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,131 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $90,131 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $90,131 |