THE POSSIBILITY FUND

EIN: 822124676 501(c)(3)

SPRINGFIELD, PA

Total Revenue
$1,181,433
Total Expenses
$765,219
Total Assets
$423,260
Net Assets
$420,535
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
PA
Principal Officer
DAVID PINES
Phone
6103280308
Tax Period
2018-01-01 to 2018-12-31

THE POSSIBILITY FUND, founded in 2017, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $416K, a strong 35% operating margin.

Mission

THE POSSIBILITY FUND WORKS WITH VISIONARY LEADERS AND ORGANIZATIONS ON THE FRONTLINES OF SOCIAL CHANGE. WE BELIEVE THAT ANY INTRACTABLE PROBLEM IN THE WORLD CAN BE REFRAMED AND OVERCOME. OUR STAND IS TO CREATE A BRIGHT FUTURE FOR EVERYONE.

Program Service Accomplishments

Program 1
Expenses: $760,585

IN JULY 2017, WE LAUNCHED A MULTI-YEAR, MULTI-PHASE INITIATIVE TO TRANSFORM THE PERFORMANCE OF THE CHESTER UPLAND SCHOOL DISTRICT ("THE CUSD"). A GROWING BODY OF WORK BY GAP INTERNATIONAL, A GLOBAL...

Read more

IN JULY 2017, WE LAUNCHED A MULTI-YEAR, MULTI-PHASE INITIATIVE TO TRANSFORM THE PERFORMANCE OF THE CHESTER UPLAND SCHOOL DISTRICT ("THE CUSD"). A GROWING BODY OF WORK BY GAP INTERNATIONAL, A GLOBAL CONSULTING FIRM WITH A 40-YEAR TRACK RECORD OF ORGANIZATIONAL TRANSFORMATION, SHOWS THAT THE CULTURE AND PERFORMANCE OF ANY ORGANIZATION IS SHAPED BY ITS LEADERSHIP. AS SUCH, OUR INITIAL PROGRAMS FOCUSED ON INVESTING IN THE SUPERINTENDENT, ADMINISTRATION, PRINCIPALS, AND ASSISTANT PRINCIPALS. OVER 3,800 FACULTY, STAFF, AND STUDENTS ARE AFFECTED BY THE LEADERS WHO PARTICIPATED IN THE POSSIBILITY FUND PROGRAMS. MAJOR (THE CUSD) ACCOMPLISHMENTS INCLUDE: - EXPANSION OF PRE-K PROGRAMS THROUGH WINNING A 5-YEAR, $5M GRANT - OVER 30 STUDENTS CERTIFIED IN CAREER AND TECHNICAL EDUCATION PROGRAMS - AT LEAST 23 STUDENTS WERE ACCEPTED TO COLLEGES AND EARNED $166,000 IN SCHOLARSHIPS ON THE HEELS OF A COLLEGE TOUR - 47 STUDENTS PARTICIPATED IN A DIFFERENT COLLEGE TOUR AND ALL WERE ACCEPTED INTO AT LEAST ONE COLLEGE AND AT LEAST HALF RECEIVED SCHOLARSHIPS- A GROUP OF STUDENTS TOOK THE KEYSTONE TEST OVER THE WINTER AND 25% INCREASED A QUARTILE IN THEIR TEST RESULTS ALSO, PROFICIENT SCORES IN READING NEARLY DOUBLED FROM 18% TO 30%- SIGNIFICANT REDUCTION IN DAILY BEHAVIORAL INCIDENCE ON BUSES IN 2018, WE PILOTED AND ACHIEVED POSITIVE RESULTS FROM THE BREAKTHROUGH MINDSET CURRICULUM WITH HIGH SCHOOL TEACHERS AND STAFF. WE SCALED THE PROGRAM TO MIDDLE SCHOOL TEACHERS AND STAFF AND ARE CONTINUING TO RECORD INDICATORS OF POSITIVE SHIFTS IN THE CULTURE AND PERFORMANCE. MAJOR (THE CUSD) ACCOMPLISHMENTS INCLUDE: - SIGNIFICANT INCREASES IN STUDENTS READING PARTICIPATION BY HAVING THEM READ RAP SONGS - NEW DISMISSAL PROCESS AT THE MIDDLE SCHOOL NO LONGER REQUIRES POLICE PRESENCE - MENTORING PROGRAMS ARE DECREASING VIOLENT INCIDENTS AND SUPPORTING YOUNG WOMEN IN RESOLVING THEIR ISSUES THROUGH DIALOGUE AND MEDIATION.- 74% OF AN ENGLISH TEACHER'S STUDENTS IMPROVED TWO GRADE EQUIVALENCIES ON THE PEARSON READING INVENTORY.- A SCIENCE CLASS PLACED 1ST OUT OF 18 SCHOOL DISTRICTS IN THE FRANKLIN INSTITUTE SCIENCE FAIR

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $1,181,433
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,181,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $760,585
Other Expenses $765,219
TOTAL EXPENSES $765,219

Year-over-Year Comparison

2018 2017 Change
Revenue $1,181,433 $1,008,000 +0.2%
Expenses $765,219 $1,003,679 -0.2%
Net Income $416,214 $4,321 +95.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
10

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGAVNI YERAMYAN PRESIDENT 1.00
Officer Director
$0 $0 $0
LUDMILLA MALMBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CINDY FISCHER TREASURER 1.00
Officer Director
$0 $0 $0
MAURICE MITTS SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID PINES EXECUTIVE DIRECTOR 30.00
Officer
$0 $0 $0
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
2018 $1,181,433 $765,219 $423,260 $416,214
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE POSSIBILITY FUND with other nonprofits in Pennsylvania and across the country.