THE POSSE FOUNDATION INC

EIN: 133840394 501(c)(3) Education

NEW YORK, NY

Total Revenue
$44,798,620
Total Expenses
$29,521,344
Total Assets
$183,001,736
Net Assets
$149,661,504
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
DEBORAH BIAL
Phone
2124051691
Tax Period
2023-01-01 to 2023-12-31

THE POSSE FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Education sector that reported $44.8M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.3M, a strong 34% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $22,723,905 Revenue: $4,400,100

THE RECRUITMENT AND TRAINING PROGRAMS INCLUDE THE FOLLOWING SUB-PROGRAMS: RECRUITMENT, PRE-COLLEGIATE TRAINING, CAMPUS AND CAREER AND ALUMNI. FOR THE RECRUITMENT PROGRAM, FROM SEPTEMBER THROUGH...

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THE RECRUITMENT AND TRAINING PROGRAMS INCLUDE THE FOLLOWING SUB-PROGRAMS: RECRUITMENT, PRE-COLLEGIATE TRAINING, CAMPUS AND CAREER AND ALUMNI. 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 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 250 PARTNER COMPANIES AND ORGANIZATIONS NATIONWIDE. THE CAREER PROGRAM HAS THREE CORE COMPONENTS: THE INTERNSHIP PROGRAM, CAREER DEVELOPMENT WORKSHOPS, CAREER COACHING, GRADUATE AND FELLOWSHIP PROGRAMS AND THE ALUMNI NETWORK.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,709,348
Program Service Revenue $4,400,100
Investment Income $5,954,632
Other Revenue $-265,460
TOTAL REVENUE $44,798,620

Expense Breakdown

Grants Paid $2,360,559
Salaries & Benefits $16,804,944
Fundraising Expenses $2,864,235
Program Expenses $22,723,905
Other Expenses $10,355,841
TOTAL EXPENSES $29,521,344

Year-over-Year Comparison

2023 2022 Change
Revenue $44,798,620 $30,624,137 +0.5%
Expenses $29,521,344 $25,978,887 +0.1%
Net Income $15,277,276 $4,645,250 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
48
Independent Members
47
Employees
252
Volunteers
1745

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,148,086
Total Directors
51
$604,717
Key Employees
1
$270,472
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJ MURPHY TRUSTEE 2.00
Director
$0 $0 $0
ADAM TOWNSEND TRUSTEE 2.00
Director
$0 $0 $0
ALAN BERRO TRUSTEE 2.00
Director
$0 $0 $0
ALASTAIR BORTHWICK TRUSTEE 4.00
Director
$0 $0 $0
ALBERTO M CARVALHO TRUSTEE 2.00
Director
$0 $0 $0
ANDREW MULDERRY TRUSTEE 2.00
Director
$0 $0 $0
ANNE CHWAT TRUSTEE (OUTGOING) 2.00
Director
$0 $0 $0
ANNIE SEIBOLD DRAPEAU TRUSTEE 4.00
Director
$0 $0 $0
ARTA TABAEE TRUSTEE 2.00
Director
$0 $0 $0
BARBARA JANULIS TRUSTEE 2.00
Director
$0 $0 $0
BARTON J WINOKUR TRUSTEE 2.00
Director
$0 $0 $0
BRAD SINGER TRUSTEE 4.00
Director
$0 $0 $0
BRIANA ZELAYA TRUSTEE 2.00
Director
$0 $0 $0
CHARLES PHILLIPS TRUSTEE 2.00
Director
$0 $0 $0
DANIEL ACHEAMPONG TRUSTEE 2.00
Director
$0 $0 $0
DANIEL WEISS TRUSTEE 2.00
Director
$0 $0 $0
DAVID HARRISON TRUSTEE 2.00
Director
$0 $0 $0
DEBORAH BIAL PRESIDENT 40.00
Officer Director
$570,212 $34,505 $604,717
DONELLA P BROCKINGTON TRUSTEE 4.00
Director
$0 $0 $0
ELIZABETH P MYERS TRUSTEE 2.00
Director
$0 $0 $0
FORREST WYLIE TRUSTEE (OUTGOING) 4.00
Director
$0 $0 $0
GLENN GREENBERG TRUSTEE 2.00
Director
$0 $0 $0
HENRY ELLENBOGEN CHAIR 6.00
Officer Director
$0 $0 $0
JAMES WILCOX TRUSTEE (OUTGOING) 4.00
Director
$0 $0 $0
JASON JACOBS TRUSTEE 4.00
Director
$0 $0 $0
JEFFREY RAICH TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER KOPYLOV TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER RICKARD TRUSTEE 2.00
Director
$0 $0 $0
JONATHAN MEYER TRUSTEE 4.00
Director
$0 $0 $0
JOSHUA PAULSON TRUSTEE 2.00
Director
$0 $0 $0
JUAN RAJLIN TREASURER 4.00
Officer Director
$0 $0 $0
JULIE PARSONS TRUSTEE 4.00
Director
$0 $0 $0
KIM-THU POSNETT TRUSTEE 2.00
Director
$0 $0 $0
KOBY ALTMAN TRUSTEE 2.00
Director
$0 $0 $0
KURT SIMON TRUSTEE 2.00
Director
$0 $0 $0
LEAH STEARNS TRUSTEE 2.00
Director
$0 $0 $0
MARVIN FIGUEROA TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL KLUGER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL PASSILLA TRUSTEE 4.00
Director
$0 $0 $0
MITCH TRUWIT TRUSTEE 2.00
Director
$0 $0 $0
NANA SARPONG TRUSTEE 4.00
Director
$0 $0 $0
PETER E BLACKER TRUSTEE 4.00
Director
$0 $0 $0
PHILIP M PEAD SECRETARY 4.00
Officer Director
$0 $0 $0
PHILLIP PERELMUTER TRUSTEE 2.00
Director
$0 $0 $0
RICK RIZZO TRUSTEE 4.00
Director
$0 $0 $0
STEVEN GALLUCCI TRUSTEE 4.00
Director
$0 $0 $0
STEVEN M LEFKOWITZ TRUSTEE 2.00
Director
$0 $0 $0
SUSAN GOLDSMITH TRUSTEE 4.00
Director
$0 $0 $0
SUSIE SCHER TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM A PLAPINGER TRUSTEE 4.00
Director
$0 $0 $0
WILLIAM M LEWIS JR TRUSTEE 2.00
Director
$0 $0 $0
FRANCIS OCCENA CFO/CAO 40.00
Officer
$245,454 $25,760 $271,214
STACEY PIERCE CHIEF OPERATING OFFICER 40.00
Officer
$250,596 $21,559 $272,155
HEDWIG ROMA CHIEF DEVELOPMENT OFFICER 40.00
Key Emp
$247,615 $22,857 $270,472
ANDREW GALLAGHER ASSOCIATE VP, DEVELOPMENT 40.00
Highest
$162,750 $7,688 $170,438
AUGUSTA IRELE VP, TRAINING, LEARNING & CURRICULUM 40.00
Highest
$147,063 $20,439 $167,502
JAMES DABNEY REGIONAL VICE PRESIDENT (OUTGOING) 40.00
Highest
$128,295 $17,144 $145,439
NADINE DALRYMPLE REGIONAL VICE PRESIDENT 40.00
Highest
$144,571 $15,384 $159,955
RASSAN SALANDY VP EXTERNAL AFFAIRS 40.00
Highest
$190,686 $38,659 $229,345
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $44,798,620 $29,521,344 $183,001,736 $15,277,276
2022 $30,624,137 $25,978,887 $157,695,711 $4,645,250
2021 $33,725,316 $23,252,059 $137,527,136 $10,473,257
2020 $44,739,225 $21,123,690 $120,660,725 $23,615,535
2019 $23,049,151 $24,372,893 $89,885,745 $-1,323,742
2018 $25,574,140 $23,549,042 $82,868,499 $2,025,098
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