THE POSSIBLE PROJECT INC

EIN: 271544896 501(c)(3) Education

BOSTON, MA

Total Revenue
$24,843,143
Total Expenses
$20,581,116
Total Assets
$20,507,942
Net Assets
$2,178,470
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
MARK LEVIN
Phone
6174929200
Tax Period
2024-01-01 to 2024-12-31

THE POSSIBLE PROJECT INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $24.8M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 17% operating margin.

Mission

TPZ'S PROGRAM IS A STEAM-INFUSED AND ENTREPRENEURSHIP-FOCUSED YOUTH DEVELOPMENT AND CAREER-READINESS PROGRAM FOR HIGH SCHOOL STUDENTS FROM HISTORICALLY UNDER-RESOURCED COMMUNITIES. THIS TUITION-FREE PROGRAM REPRESENTS AN INVESTMENT IN EACH STUDENT FOR 3+ YEARS, TAKING STUDENTS ON A JOURNEY WHERE THEY TAP INTO THEIR CREATIVITY, CULTIVATE KEY DURABLE AND 21ST CENTURY SKILLS, BUILD STRONG RELATIONSHIPS WITH SUPPORTIVE ADULTS AND PEERS, AND BROADEN THEIR SENSE OF WHAT IS POSSIBLE IN THEIR FUTURES. OUR MULTI-FACETED, TUITION-FREE PROGRAM USES: 1) COMPETENCY-BASED CURRICULUM, WITH A FOCUS ON DEVELOPING SKILLS THAT ARE CRITICAL FOR CAREER SUCCESS, PARTICULARLY IN GROWING, FUTURE-FOCUSED INDUSTRIES; 2) HANDS-ON STEAM EXPLORATION AND REAL-WORLD, WORK-BASED LEARNING OPPORTUNITIES WITH LOCAL COMPANIES AND IN TPZ'S IN-HOUSE ENTERPRISES; AND 3) PERSONALIZED COLLEGE AND CAREER ADVISING TO INSPIRE STUDENTS' IMAGINATIONS, AND KEY NETWORK BUILDING TO LAUNCH SUCCESSFUL POST-SECONDARY PATHWAYS.

Program Service Accomplishments

Program 1
Expenses: $12,808,129

WHILE PARTICIPATING IN TPZ'S PROGRAM, HIGH SCHOOL STUDENTS DEVELOP KEY COMPETENCIES SUCH AS GROWTH MINDSET, SELF EFFICACY, PROBLEM SOLVING, TEAMWORK, COMMUNICATION, CONTINUOUS LEARNING, AND STEAM...

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WHILE PARTICIPATING IN TPZ'S PROGRAM, HIGH SCHOOL STUDENTS DEVELOP KEY COMPETENCIES SUCH AS GROWTH MINDSET, SELF EFFICACY, PROBLEM SOLVING, TEAMWORK, COMMUNICATION, CONTINUOUS LEARNING, AND STEAM AGENCY AS THEY ENGAGE IN INNOVATIVE, PROJECT-BASED LEARNING, EXPLORE AUTHENTIC, REAL-WORLD WORK EXPERIENCE, AND RECEIVE PERSONALIZED ADVISING FOCUSED ON THEIR POSTSECONDARY AND CAREER OPTIONS. TPZ OPERATES ITS PROGRAM OUT OF ITS STATE-OF-THE-ART INNOVATION CENTER, WHICH OPENED IN EARLY 2022 IN THE JACKSON SQUARE COMMUNITY OF BOSTON. TPZ'S PROGRAM AND STUDENT SUPPORTS AIM TO FOSTER "ENTREPRENEURIAL SPIRIT" AMONG STUDENTS, CHARACTERIZED BY: (1) A SENSE OF BELONGING, AGENCY, PURPOSE, AND POSSIBILITY; (2) CRITICAL SKILLS, MINDSETS, AND ASSETS THAT ENABLE DEEPER LEARNING, PROMOTE PRODUCTIVE RISK-TAKING, AND ULTIMATELY FOSTER SUCCESS IN ANY EDUCATIONAL OR CAREER PATHWAY; AND (3) THE STRONG RELATIONSHIPS AND NETWORKS (I.E., SOCIAL CAPITAL) NEEDED FOR LONG-TERM PERSONAL AND PROFESSIONAL SUCCESS.TPZ FOCUSES NEW STUDENT RECRUITMENT ON PUBLIC HIGH SCHOOLS IN BOSTON. TPZ ALSO RECRUITS STUDENTS FROM THE COMMUNITY SURROUNDING ITS INNOVATION CENTER, VIA COMMUNITY RECRUITMENT EVENTS AND PARTNERSHIPS WITH PUBLIC HOUSING DEVELOPMENTS AND COMPLEMENTARY YOUTH-SERVING ORGANIZATIONS IN THE AREA. STUDENTS WITHIN THE TPZ'S PROGRAMS RECEIVE SCHOLARSHIP STIPENDS FOR ENROLLING AND PARTICIPATING IN THE PROGRAM; STIPENDS ARE DESIGNED TO OFFSET THE COST OF THEIR PARTICIPATING IN THE PROGRAM. MANY STUDENTS USE STIPENDS THEY RECEIVE THROUGH THE PROGRAM FOR BASIC NEEDS SUCH AS TRANSPORTATION, FOOD, CLOTHING, OR ASSISTANCE WITH HOUSEHOLD EXPENSES. SINCE ITS FOUNDING, TPZ HAS SERVED MORE THAN 2,000 STUDENTS IN BOSTON AND CAMBRIDGE, MA. DURING THE ORGANIZATION'S FIRST-GENERATION PROGRAMMING, STUDENTS PARTICIPATING IN TPZ'S PROGRAM LAUNCHED MORE THAN 400 ENTREPRENEURIAL VENTURES. THROUGHOUT TPZ'S HISTORY, HIGH SCHOOL STUDENTS PARTICIPATING IN THE PROGRAM REPORTED STATISTICALLY SIGNIFICANT GROWTH ON THE VAST MAJORITY OF SOCIAL-EMOTIONAL LEARNING COMPETENCIES, ESSENTIAL FOR COLLEGE, CAREER, AND LIFE. SINCE LAUNCHING THE NEXT-GENERATION PROGRAMMING IN BOSTON, OUR STUDENTS, ON AVERAGE, PARTICIPATE IN AN ADDITIONAL 215 WEEKS OF LEARNING TIME BEYOND THEIR SCHOOL INSTRUCTION THROUGH TPZ PROGRAMMING. OVER THEIR FIRST THREE TERMS AT TPZ, THEY EXPERIENCED SIGNIFICANT INCREASES IN THEIR: JOB-SEEKING SKILLS, NETWORKING SKILLS, AND OVERALL SOCIAL NETWORK DIVERSITY. THESE ELEMENTS ARE ALL CRUCIAL FOR HELPING STUDENTS ENTER INTO WHATEVER CAREER PATHWAYS THEY CHOOSE. RECENT ANNUAL DATA SHOWS 73% OF STUDENTS DEVELOPED EMERGING OR PROFICIENT SKILLS IN ELECTRONIC CIRCUIT DESIGN, IMPORTANT TO PATHWAYS IN PRODUCT DEVELOPMENT AND ENGINEERING; 74% OF STUDENTS DEVELOPED EMERGING OR PROFICIENT SKILLS IN ADOBE ILLUSTRATOR, COMMONLY USED IN UI/UX AND INDUSTRIAL DESIGN; AND 75% OF STUDENTS DEVELOPED EMERGING OR PROFICIENT SKILLS IN 3D PRINTING, KEY FOR RAPID PROTOTYPING, DIGITAL FABRICATION, AND MECHANICAL ENGINEERING PROJECTS.

Program 2
Expenses: $1,601,677

TPZ VENTURES: THROUGH TPZ VENTURES, TPZ ALSO DELIVERS THE TPZ LAUNCH PROGRAM, THROUGH WHICH QUALIFIED YOUNG ADULTS FROM TPZ'S TARGET COMMUNITIES, INCLUDING TPZ ALUMNI, ARE HIRED AS THE FOUNDING TEAMS...

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TPZ VENTURES: THROUGH TPZ VENTURES, TPZ ALSO DELIVERS THE TPZ LAUNCH PROGRAM, THROUGH WHICH QUALIFIED YOUNG ADULTS FROM TPZ'S TARGET COMMUNITIES, INCLUDING TPZ ALUMNI, ARE HIRED AS THE FOUNDING TEAMS OF PRE-IDEATION VENTURES THAT WE BUILD TOGETHER FROM THE GROUND UP IN A CURATED "SPRINT" TO LAUNCH PHYSICAL CONSUMER PRODUCTS. TPZ LAUNCH PARTICIPANTS, KNOWN AS "FOUNDING ASSOCIATES," DEVELOP PRODUCT DEVELOPMENT AND PRODUCT MANAGEMENT SKILLS AS THEY POSITION THEMSELVES FOR THEIR FUTURE CAREERS AT TPZ OR ELSEWHERE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,779,141
Program Service Revenue $0
Investment Income $8,962
Other Revenue $55,040
TOTAL REVENUE $24,843,143

Expense Breakdown

Grants Paid $331,314
Salaries & Benefits $12,549,691
Fundraising Expenses $2,018,514
Program Expenses $14,409,806
Other Expenses $7,652,291
TOTAL EXPENSES $20,581,116

Year-over-Year Comparison

2024 2023 Change
Revenue $24,843,143 $11,536,577 +1.2%
Expenses $20,581,116 $15,858,509 +0.3%
Net Income $4,262,027 $-4,321,932 -2.0%
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
14
Independent Members
14
Employees
108
Volunteers
109

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
5
$325,586
Total Directors
14
$0
Key Employees
13
$3,525,693
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK LEVIN CHAIR 40.00
Officer Director
$0 $0 $0
STEVEN SINGER CLERK 2.00
Officer Director
$0 $0 $0
PETER PRODROMOU DIRECTOR 2.00
Director
$0 $0 $0
KYLE HARTUNG DIRECTOR 2.00
Director
$0 $0 $0
KEVIN MCCASKILL DIRECTOR 2.00
Director
$0 $0 $0
JD LAROCK DIRECTOR 2.00
Director
$0 $0 $0
SUSAN PENTA DIRECTOR 2.00
Director
$0 $0 $0
BRIAN AQUART DIRECTOR 2.00
Director
$0 $0 $0
BOB TEPPER DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA HARMON DIRECTOR 2.00
Director
$0 $0 $0
MARIA Z MOSSAIDES DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE SANCHEZ DIRECTOR 2.00
Director
$0 $0 $0
BECKY LEVIN EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
LAURENCE REID TREASURER 2.00
Officer Director
$0 $0 $0
PETER NOVEMBER CHIEF OPERATING OFFICER 40.00
Officer
$291,651 $33,935 $325,586
SARAH PETROW CHIEF BUSINESS OFFICER 40.00
Key Emp
$346,188 $24,826 $371,014
MARGARET RIORDIAN CHIEF LEARNING OFFICER 40.00
Key Emp
$295,010 $22,781 $317,791
JEREMY TAYLOR CHIEF RESEARCH & EVAL 40.00
Key Emp
$287,458 $33,940 $321,398
GUS HALWANI CHIEF STEAM AND INNOVATION 40.00
Key Emp
$271,477 $33,441 $304,918
LORI NEUNER CHIEF TALENT OFFICER 40.00
Key Emp
$292,465 $34,019 $326,484
DONNA TAMBASCIO VP OF COMMUNICATIONS 40.00
Key Emp
$222,096 $15,077 $237,173
ZACH DOLLAR VP OF CORPORATE GIVING 40.00
Key Emp
$230,903 $31,725 $262,628
YASENIA DUDLEY VP OF EDUCATION 40.00
Key Emp
$213,284 $14,835 $228,119
ELIANA GIBBLE VP OF FINANCE & FINANCIAL 40.00
Key Emp
$215,875 $22,034 $237,909
CAMILLE CLARK VP OF OPERATIONS 40.00
Key Emp
$208,348 $14,840 $223,188
RAVEN TUKES VP OF PARTNERSHIPS 40.00
Key Emp
$262,503 $18,614 $281,117
ALEX MAURISTHENE VP OF PEOPLE & CULTURE 40.00
Key Emp
$211,327 $31,722 $243,049
JANET HOLLINGSWORTH VP OF STEAM & INNOVATION 40.00
Key Emp
$159,024 $11,881 $170,905
JOANNA SANBORN S. DIR. POST-SECONDARY 40.00
Highest
$142,330 $29,618 $171,948
STEPHANIE SUTCLIFFE SR DIRECTOR, STRATEGIC INI 40.00
Highest
$193,954 $31,174 $225,128
HILLARD POUNCY SR. DIRECTOR OF RESEARCH 40.00
Highest
$164,069 $17,420 $181,489
ALI SHERWOOD VP OF ANNUAL GIVING 40.00
Highest
$199,705 $6,872 $206,577
ERTA HYSENBEGASI VP, MAJOR GIFTS OFFICER 40.00
Highest
$223,782 $15,722 $239,504
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 $24,843,143 $20,581,116 $20,507,942 $4,262,027
2023 $11,536,577 $15,858,509 $18,833,543 $-4,321,932
2022 $6,882,430 $11,376,082 $23,228,928 $-4,493,652
2021 $12,891,174 $7,544,166 $20,628,656 $5,347,008
2020 $7,660,656 $7,117,277 $2,532,192 $543,379
2019 $6,660,029 $6,441,377 $1,908,672 $218,652
2018 $4,372,406 $4,652,936 $1,417,142 $-280,530
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