2022-05-16T12:01:45-05:00 2021-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2021-01-01 271544896 THE POSSIBLE PROJECT INC POSS 6174929200 31 HEATH STREET BOSTON MA 02130 BECKY LEVIN EXECUTIVE DIRECTOR 6174929200 2022-05-16 1 BECKY LEVIN 999009999 SANDRA M BROWN CPA P01614103 5088717178 2022-05-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X MARK LEVIN 31 HEATH STREET BOSTON MA 02130 14759549 0 X WWW.POSSIBLEPROJECT.ORG X 2009 MA THE POSSIBLE PROJECT'S MISSION IS TO ADVANCE ECONOMIC EQUITY BY ENSURING YOUNG PEOPLE DEVELOP THE ENTREPRENEURIAL SPIRIT, SKILLS AND NETWORKS TO LAUNCH SUCCESSFUL CAREERS. THE POSSIBLE PROJECT (TPP) OFFERS HIGH SCHOOL STUDENTS IN BOSTON, MA A YEAR-ROUND, MULTI-YEAR ENTREPRENEURSHIP PROGRAM THAT INCLUDES A DYNAMIC, PROJECT-BASED CURRICULUM, STEAM EDUCATION, HANDS-ON WORK EXPERIENCE, AND INDIVIDUALIZED COLLEGE AND CAREER ADVISING. TPP'S YOUNG ENTREPRENEURS LAUNCH THEIR OWN COMPANIES, LEARN DESIGN AND ADVANCED MANUFACTURING, INTERN WITH LOCAL CORPORATIONS AND ORGANIZATIONS, AND MAP THEIR POSTSECONDARY GOALS AND PLANS. IN THE PROCESS, THEY DEVELOP CAREER READINESS, SOCIAL-EMOTIONAL, AND TECHNICAL SKILLS AND STRENGTHEN THEIR PROFESSIONAL IDENTITY, PREPARING THEM TO SUCCEED IN ANY FUTURE PATH THEY CHOOSE. 8 6 53 90 0 0 7583631 12889889 34345 7559 0 -9210 42680 2936 7660656 12891174 92456 71795 0 0 4503961 4476260 0 0 1049851 2520860 2996111 7117277 7544166 543379 5347008 2532192 20628656 1147173 13896629 1385019 6732027 X THE MISSION OF THE POSSIBLE PROJECT, INC., DBA THE POSSIBLE ZONE (TPZ) IS TO ADVANCE ECONOMIC EQUITY BY ENSURING YOUNG PEOPLE DEVELOP THE ENTREPRENEURIAL SPIRIT, SKILLS, AND NETWORKS TO LAUNCH SUCCESSFUL CAREERS. BASED IN BOSTON, TPZ OFFERS HIGH SCHOOL STUDENTS A YEAR-ROUND, MULTI-YEAR ENTREPRENEURSHIP PROGRAM THAT INCLUDES DYNAMIC, PROJECT-BASED CURRICULUM, STEAM EDUCATION, HANDS-ON WORK EXPERIENCE, AND INDIVIDUALIZED COLLEGE AND CAREER ADVISING. TPZ'S YOUNG ENTREPRENEURS LAUNCH THEIR OWN COMPANIES, LEARN DESIGN AND ADVANCED MANUFACTURING, INTERN WITH LOCAL COMPANIES, AND MAP THEIR POSTSECONDARY GOALS AND 0 0 4801620 71795 7559 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 THAT TAPS INTO THEIR CREATIVITY, CULTIVATES THEIR SKILLS AS DESIGNERS AND ENTREPRENEURS, BUILDS STRONG RELATIONSHIPS WITH SUPPORTIVE ADULTS AND PEERS, AND BROADENS THEIR SENSE OF WHAT IS POSSIBLE IN THEIR CAREERS.OUR MULTI-FACETED, TUITION-FREE PROGRAM USES: 1) AUTHENTIC, STEAM-INFUSED YOUTH ENTREPRENEURSHIP; 2) HANDS-ON STEAM DEEP DIVES 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, IGNITE THEIR PASSIONS, AND HELP THEM TO THRIVE IN LIFE AND CAREER. WHILE PARTICIPATING IN TPZ'S PROGRAM, EACH STUDENT CONCEIVES, LAUNCHES AND RUNS THEIR OWN BUSINESS VENTURE, PRIOR TO ENGAGING IN AUTHENTIC, REAL-WORLD WORK EXPERIENCE, WHILE ALSO RECEIVING PERSONALIZED ADVISING FOCUSED ON THEIR POST-SECONDARY 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. THE DEMOGRAPHICS OF TPZ STUDENTS REFLECT ITS COMMITMENT TO ADVANCING EQUITY, WITH THE LARGE MAJORITY (~70%) COMING FROM UNDER-RESOURCED COMMUNITIES AND THE VAST MAJORITY (~95%) IDENTIFYING AS STUDENTS OF COLOR. TPZ FOCUSES NEW STUDENT RECRUITMENT ON PUBLIC HIGH SCHOOLS IN BOSTON. DATA SHOW THAT THE LARGE MAJORITY OF STUDENTS (~78%) SERVED BY THESE SCHOOLS ARE CLASSIFIED AS ECONOMICALLY DISADVANTAGED BY BOSTON PUBLIC SCHOOLS (BPS) AND ALMOST ALL (~95%) IDENTIFY AS STUDENTS OF COLOR. MANY STUDENTS COME TO TPZ THROUGH A NOMINATION PROCESS COMPLETED BY HIGH SCHOOL PARTNERS; A GUIDANCE COUNSELOR, TEACHER, SOCIAL WORKER, OR HEALTH PROFESSIONAL RECOMMENDS STUDENTS WITH UNTAPPED POTENTIAL FOR THE PROGRAM. 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 THE PARTICIPATING IN THE PROGRAM. MANY STUDENTS USE STIPENDS EARNED THROUGH THE PROGRAM FOR BASIC NEEDS SUCH AS TRANSPORTATION, FOOD, CLOTHING, OR ASSISTANCE WITH HOUSEHOLD EXPENSES.SINCE ITS FOUNDING, TPZ HAS SERVED MORE THAN 1,000 STUDENTS IN BOSTON AND CAMBRIDGE, MA. INDIVIDUALLY OR IN TEAMS, STUDENTS PARTICIPATING IN TPZ'S PROGRAM HAVE LAUNCHED MORE THAN 400 ENTREPRENEURIAL VENTURES. STUDENTS PARTICIPATING IN TPZ'S PROGRAM HAVE REPORTED STATISTICALLY-SIGNIFICANT GROWTH ON THE VAST MAJORITY OF SOCIAL-EMOTIONAL LEARNING COMPETENCIES MEASURED OVER THE LAST FIVE YEARS. STUDENTS PARTICIPATING IN TPZ'S PROGRAM FROM THE ORGANIZATION'S LONGEST STANDING BOSTON PUBLIC SCHOOLS PARTNER SCHOOL HAVE MATRICULATED IN COLLEGE AT A RATE 26 PERCENTAGE POINTS HIGHER THAN STUDENTS FROM THE SAME HIGH SCHOOL THAT DID NOT PARTICIPATE IN TPZ'S PROGRAM. 4801620 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 42 0 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BECKY LEVIN EXECUTIVE DIRECTOR 6174929200 31 HEATH STREET BOSTON MA 02130 MARK LEVIN PRESIDENT 5.00 X X 0 0 0 LAURENCE REID TREASURER 2.00 X X 0 0 0 BECKY LEVIN EXECUTIVE DIRECTOR 40.00 X X 0 0 0 CYNTHIA HARMON DIRECTOR 2.00 X 0 0 0 MARIA MOSSAIDES DIRECTOR 2.00 X 0 0 0 BOB TEPPER DIRECTOR 2.00 X 0 0 0 GLENN BATCHELDER FORMER DIRECTOR 2.00 X 0 0 0 STEVEN SINGER CLERK 2.00 X X 0 0 0 MICHELLE SANCHEZ DIRECTOR 2.00 X 0 0 0 PETER NOVEMBER CHIEF OPERATING OFFICER 40.00 X 225628 0 28114 JAKE MURRAY CHIEF EXTERNAL AFFAIRS OFF 40.00 X 223366 0 27777 ROBERT FINNEGAN III VP, BUSINESS DEVELOPMENT 40.00 X 200009 0 27238 JEREMY TAYLOR VP, EVALUATION & LEARNING 40.00 X 236338 0 28483 MARGARET RIORDIAN CHIEF LEARNING OFFICER 40.00 X 225181 0 21538 LORI NEUNER CHIEF TALENT OFFICER 40.00 X 238140 0 28299 ALISHA COLLINS VP, DEVELOP & CORP GIVING 40.00 X 185733 0 6641 GUS HALWANI VP, STEAM AND INNOVATION 40.00 X 152948 0 18369 DAVID SELLES SR. DIR. STEAM, DESIGN & ED TECH 40.00 X 130441 0 11275 SAMMY REDD SR DIR POST-SECONDARY PATH 40.00 X 133303 0 11513 YASENIA DUDLEY SR DIR EDUCATION 40.00 X 133412 0 11502 AMY O'DOHERTY SR DIR DEVELOPMENT 40.00 X 117404 0 10937 CIDHINNIA TORRES CAMPOS SR DIR RESEARCH & ANALYTICS 40.00 X 116788 0 14556 2318691 0 246242 13 0 1 0 ELAINE CONSTRUCTION 90 WELLS AVENUE NEWTON MA 02459 CONSTRUCTION MANAGER 9414593 UTILE INC 115 KINGSTON ST BOSTON MA 02111 ARCHITECTUAL AND ENGINEERING SERVICES 520166 LEFTFIELD LLC 225 FRANKLIN ST BOSTON MA 02110 PROJECT MANAGEMENT SERVICES 264000 PORTER NOVELLI INC 225 FRANKLIN ST 10TH FLOOR BOSTON MA 02210 PUBLIC RELATIONS CONSULTING 211390 ARREDONDO ADVISORY GROUP 3234 E MALDONADO DRIVE PHOENIX AZ 85042 DIVERSITY, EQUITY & INCLUSION CONSULTING 113975 5 989565 11900324 1868377 12889889 IN-HOUSE SOCIAL ENTERPRISE REVENU 611710 4226 4226 AFTER SCHOOL FEE FOR SERVICE 611710 3333 3333 7559 1859165 1868375 -9210 -9210 -9210 OTHER INCOME 999999 2936 2936 2936 12891174 7559 0 -6274 X 71795 71795 1873773 1339567 142857 391349 2125057 1263026 567249 294782 47609 28863 13386 5360 136666 70560 37514 28592 293155 189260 53673 50222 39373 39373 128014 128014 1297660 651786 448544 197330 1588 1588 158549 80203 37039 41307 1068972 891949 157789 19234 5525 4443 871 211 30596 26284 4312 110084 81639 22666 5779 103036 68106 21553 13377 PROGRAM SUPPLIES AND AC 18469 18041 428 MISCELLANEOUS EXPENSE 16731 5663 10958 110 STAFF DEVELOPMENT AND T 10273 8292 1271 710 FOOD AND MEALS 7241 2143 3610 1488 7544166 4801620 1692695 1049851 622066 4141722 411 1834714 169109 580534 16420 86949 155403 15131620 1234462 1618112 13897158 19125 19125 2532192 20628656 530371 1495827 11468076 616802 932726 1147173 13896629 X 1060044 1237688 324975 5494339 1385019 6732027 2532192 20628656 5347008 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1098736 989542 109194 87305 17998 69307 13945579 226922 13718657 13897158 DEFERRED RENT 932726 932726 X 13484026 583642 583642 12900384 -9210 -9210 12891174 8137018 583642 583642 7553376 -9210 -9210 7544166 PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OR NONEXISTENCE, OF UNRELATED BUSINESS INCOME TAX, THE DETERMINATION THAT TRANSACTIONS RELATED TO THE INNOVATION CENTER DO NOT CAUSE A PRIVATE BENEFIT TO ANY BOARD MEMBERS, AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3). FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT LOSSES -9,210. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT LOSSES -9,210. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLISHED ITS DIVERSITY, EQUITY AND INCLUSION STATEMENT ON ITS WEB SITE AND IN ALL POSTED JOB DESCRIPTIONS THROUGHOUT 2021. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECIEVED $637,465 FROM THE PAYROLL PROTECTION PROGRAM 1 STIPENDS PAID TO STUDENTS 105 71795 N/A PART I, LINE 2: STUDENTS WITHIN THE POSSIBLE PROJECT'S PROGRAMS RECEIVE SCHOLARSHIP STIPENDS FOR ENROLLING AND PARTICIPATING IN THE PROGRAM WHICH ARE DESIGNED TO OFFSET THE COST OF THE PARTICIPATING IN THE PROGRAM AND SEEKING EDUCATION IN ENTREPRENEURSHIP, AS WITH ALL SCHOLARSHIPS RECEIVED BY STUDENTS. ONLY ACTIVELY ENROLLED STUDENTS ARE ELIGIBLE TO RECEIVE THESE SCHOLARSHIP STIPENDS. X X 0 0 0 0 0 0 0 0 0 LORI NEUNER CHIEF TALENT OFFICER 238140 0 0 0 0 0 6952 0 21347 0 266439 0 0 0 JEREMY TAYLOR VP, EVALUATION & LEARNING 236338 0 0 0 0 0 7132 0 21351 0 264821 0 0 0 PETER NOVEMBER CHIEF OPERATING OFFICER 225628 0 0 0 0 0 6773 0 21341 0 253742 0 0 0 JAKE MURRAY CHIEF EXTERNAL AFFAIRS OFF 223366 0 0 0 0 0 6613 0 21164 0 251143 0 0 0 MARGARET RIORDIAN CHIEF LEARNING OFFICER 225181 0 0 0 0 0 6651 0 14887 0 246719 0 0 0 ROBERT FINNEGAN III VP, BUSINESS DEVELOPMENT 200009 0 0 0 0 0 5945 0 21293 0 227247 0 0 0 ALISHA COLLINS VP, DEVELOP & CORP GIVING 185733 0 0 0 0 0 5510 0 1131 0 192374 0 0 0 GUS HALWANI VP, STEAM AND INNOVATION 152948 0 0 0 0 0 2850 0 15519 0 171317 0 0 0 X 2 1868377 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BECKY LEVIN (DIRECTOR/EXECUTIVE DIRECTOR) AND MARK LEVIN (PRESIDENT) HAVE A FAMILY RELATIONSHIP.ADDITIONALLY, MARK LEVIN IS A RESIDENT AGENT OF SABEMA LLC, THE ORGANIZATION THAT LEASES THE 31 HEATH STREET FACILITY TO TPP (DONATED RENT FOR THE 2021 TAX YEAR). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS AUTHORIZED THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE BOARD ENSURES THAT THE ORGANIZATION REGULARLY CONDUCTS A REVIEW TO ENSURE THAT ITS COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. SUCH A REVIEW WAS MOST RECENTLY CONDUCTED IN 2018. EXECUTIVE COMPENSATION, INCLUDING BASE SALARIES, ANNUAL SALARY INCREASES AND INCENTIVE PAYMENTS ARE DESIGNED TO FALL WITHIN THE RANGE ESTABLISHED. THE BOARD MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES, AS APPROPRIATE. DURING 2021, CERTAIN KEY EXECUTIVE SERVICES WERE PROVIDED ON A PRO-BONO BASIS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES AND CONSULTANTS: PROGRAM SERVICE EXPENSES 651,786. MANAGEMENT AND GENERAL EXPENSES 448,544. FUNDRAISING EXPENSES 197,330. TOTAL EXPENSES 1,297,660.