Possibilities Inc
Nonprofit profile at a glance
- EIN
- 731544249
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023, Form 990-EZ 2009
- Location
- Oklahoma City, OK, USA
- Phone
- 4055253131
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $310,196
- Expenses
- $343,794
- Assets
- $77,608
- Liabilities
- $28,289
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- LARRY WATTS (PRESIDENT)
People named in this filing
- LARRY WATTS (PRESIDENT)
- BRENT WHEELBARGER (VICE-PRESIDE)
- BRENT COLGAN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Possibilities values-driven transformative experiences train diverse people in methods of community engagement to lead, innovate, and facilitate change. In short, possibilities grows local capacity to work for positive change. The building bridges community podcast platform collaborates with diverse partners to offer connection, self exploration and opportunities for growth. Through the inside out leadership platform and other custom training offerings, participants identify areas for personal growth and build individual and group skill sets to work with others for positive outcomes. Possibilities provides a safe space to practice facilitation skills and share lessons learned through the people's circle. With an emphasis on connecting to others in meaningful ways, ongoing coaching and support helps people heal and grow. We invite others into our services to make us stronger through our hive partners' services, including therapists who specialize in trauma therapy and body work for heal
What it reported doing in 2023
Possibilities values-driven transformative experiences train diverse people in methods of community engagement to lead, innovate, and facilitate change. In short, possibilities grows local capacity to work for positive change. The building bridges community podcast platform collaborates with diverse partners to offer connection, self exploration and opportunities for growth. Through the inside out leadership platform and other custom training offerings, participants identify areas for personal growth and build individual and group skill sets to work with others for positive outcomes. Possibilities provides a safe space to practice facilitation skills and share lessons learned through the people's circle. With an emphasis on connecting to others in meaningful ways, ongoing coaching and support helps people heal and grow. We invite others into our services to make us stronger through our hive partners' services, including therapists who specialize in trauma therapy and body work for healing. Diverse program participants use their skills to create positive change in a multitude of ways. A snapshot of just a few program participants impact in the community: "won a seat on the okcps school board to advocate for students and families on the ne side of okc and throughout the city. "started an organization to support schools and families and is working to bring public montessori education to okc. "began a podcast to help newly divorced women transition into their new roles and became a coach to help women grow. "after publishing a book and writing/directing several plays, began hosting a podcast teaching people to write their own autobiographies. "created a podcast to support families through the dying process. "created an organization that provides hundreds of meals to the homeless each week.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 74%; rating input score 74
- Fundraising efficiency: $6.02 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.8%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: -9.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 74% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $254K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.