2021-06-30T12:27:49-05:00 2020-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2020-01-01 271544896 THE POSSIBLE PROJECT INC POSS 6174929200 17 SELLERS STREET CAMBRIDGE MA 02139 BECKY LEVIN EXECUTIVE DIRECTOR 6174929200 2021-06-30 1 BECKY LEVIN 999009999 SANDRA M BROWN CPA P01614103 5088717178 2021-06-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK LEVIN 17 SELLERS STREET CAMBRIDGE MA 02139 7660656 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 AND CAMBRIDGE, 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 MAY 9 7 53 77 0 0 6505557 7583631 149517 34345 238 0 4717 42680 6660029 7660656 157479 92456 0 0 3672613 4503961 0 0 825732 2611285 2520860 6441377 7117277 218652 543379 1908672 2532192 1067032 1147173 841640 1385019 X THE MISSION OF THE POSSIBLE PROJECT (TPP) IS TO ADVANCE ECONOMIC EQUITY BY ENSURING YOUNG PEOPLE DEVELOP THE ENTREPRENEURIAL SPIRIT, SKILLS AND NETWORKS TO LAUNCH SUCCESSFUL CAREERS. TPP SUPPORTS STUDENTS IN BUILDING THE SOCIAL-EMOTIONAL, PROFESSIONAL AND STEM SKILLS NECESSARY TO WORK COLLABORATIVELY, SOLVE PROBLEMS, AND PERFORM SPECIFIC TECHNICAL TASKS IN A HIGH-LEVEL CAREER PATH. 0 0 4644241 92456 34345 THE ORGANIZATION PROVIDES A FREE, EXTENDED-DAY PROGRAM THAT WORKS TO CLOSE THE SKILLS AND OPPORTUNITIES GAP BY PROVIDING RESOURCES AND SUPPORT THAT WILL ULTIMATELY HELP STUDENTS ENTER CAREERS THAT WILL PROMOTE ECONOMIC MOBILITY. THE ORGANIZATION USES ENTREPRENEURSHIP AND AUTHENTIC WORK EXPERIENCES AS VEHICLES TO IMPART THE SKILLS, ABILITIES, AND CHARACTERISTICS THAT MAKE FUTURE SUCCESS MORE LIKELY FOR STUDENTS. DURING THE PROGRAM, STUDENTS BECOME PROFICIENT IN STEAM, LEADERSHIP, RESILIENCE, PROFESSIONALISM, SELF-CONFIDENCE, TEAMWORK, AND A HOST OF OTHER CHARACTER TRAITS AND SKILLS THAT WILL PROPEL THEM ON THE PATHWAY TO SUCCESS. THE ORGANIZATION CURRENTLY OPERATES IN BOSTON AND IN CAMBRIDGE, MASSACHUSETTS.THERE ARE THREE MAIN PROGRAM COMPONENTS THAT STUDENTS PARTICIPATE IN DURING THEIR 3-5 YEARS. FIRST, STUDENTS COMPLETE A COMPREHENSIVE, AUTHENTIC ENTREPRENEURSHIP PROGRAM, WHERE THEY LEARN STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART/DESIGN AND MATH) SKILLS, DESIGN THINKING, AND SOCIAL EMOTIONAL LEARNING (SEL) AND BUSINESS CONCEPTS THROUGH AN INNOVATIVE, HANDS-ON CURRICULUM. IN THE PROCESS, EACH STUDENT CONCEIVES, LAUNCHES AND RUNS THEIR OWN BUSINESS VENTURES. SECOND, STUDENTS COMPLETE COLLABORATIVE, AUTHENTIC WORK EXPERIENCES, IN ONE OF THE ORGANIZATION'S TWO UNIQUE, REVENUE-PRODUCING BUSINESSES OR THROUGH AN INTERNSHIP WITH A COMMUNITY / BUISNESS PARTNER. THIRD, STUDENTS RECEIVE SIGNIFICANT INDIVIDUALIZED ADVISING ON THEIR EDUCATION, FINANCIAL AID, CAREER DEVELOPMENT, AND POST HIGH SCHOOL PATH. THROUGH A COMBINATION OF THIS SUPPORT AND ENTREPRENEURIAL AND WORK EXPERIENCES, THE PROGRAM BUILDS SEL, JOB-READINESS SKILLS, SCHOOL ENGAGEMENT, DESIGN THINKING AND STEAM SKILLS TOWARDS THE IMPORTANT GOAL OF POSTSECONDARY ATTAINMENT AND MEANINGFUL CAREERS. STUDENTS COME TO THE ORGANIZATION 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.MORE THAN 80% OF STUDENTS FALL INTO ONE OR MORE OF THE FOLLOWINGCATEGORIES THAT PRESENT BARRIERS TO ACHIEVEMENT: LOW SOCIO-ECONOMIC STATUS, RECENT IMMIGRANT/ENGLISH LANGUAGE LEARNER, OR RECIPIENT OF AN INDIVIDUALIZED EDUCATION PROGRAM. NEARLY 100% OF STUDENTS ARE YOUTH OF COLOR AND MORE THAN HALF USE THE STIPENDS EARNED THROUGH THE PROGRAM FOR BASIC NEEDS SUCH AS TRANSPORTATION, FOOD, CLOTHING, OR ASSISTANCE WITH HOUSEHOLD EXPENSES. EARLY STATISTICALLY SIGNIFICANT EVALUATION RESULTS, RELEASED AT THE END OF 2017, SHOW THAT 93% OF STUDENTS IN THE PROGRAM ARE MATRICULATING INTO COLLEGE, A FULL 13 POINTS HIGHER THAN THE BENCHMARK (80%).ADDITIONALLY, STUDENTS SHOW GROWTH ON AN AVERAGE OF 12 OF 14 SOCIAL EMOTIONAL LEARNING COMPETENCIES, EACH YEAR FOR FIVE YEARS.THE POSSIBLE PROJECT CURRENTLY OPERATES OUT OF THREE SITES IN GREATER BOSTON, INCLUDING A FREE-STANDING STATE-OF-THE-ART MAKERSPACE AND A SERIES OF CLASSROOMS AND MAKERSPACE AT MADISON PARK TECHNICAL VOCATIONAL HIGH SCHOOL. 4644241 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 0 0 0 0 0 0 0 0 0 1 25 0 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BECKY LEVIN EXECUTIVE DIRECTOR 6174929200 17 SELLERS STREET CAMBRIDGE MA 02139 MARK LEVIN PRESIDENT 2.00 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 JAY MOODY FORMER DIRECTOR 2.00 X 0 0 0 BOB TEPPER DIRECTOR 2.00 X 0 0 0 GLENN BATCHELDER DIRECTOR 2.00 X 0 0 0 STEVEN SINGER CLERK 2.00 X X 0 0 0 MAKEEBA MCCREARY FORMER DIRECTOR 2.00 X 0 0 0 MICHELLE SANCHEZ DIRECTOR 2.00 X 0 0 0 PETER NOVEMBER CHIEF OPERATING OFFICER 40.00 X 217560 0 23347 JAKE MURRAY CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 218666 0 22114 NANCY JONES FORMER VP, DEV. & PARTNERSHIPS 40.00 X 218158 0 6841 ROBERT FINNEGAN III VP, BUSINESS DEVELOPMENT 40.00 X 182193 0 23020 JEREMY TAYLOR VP, EVALUATION & LEARNING 40.00 X 222262 0 23311 MARGARET RIORDIAN CHIEF LEARNING OFFICER 40.00 X 202413 0 16920 DAVID SELLES DIRECTOR OF STEAM 40.00 X 110325 0 8746 NATANJA CRAIG-OQUENDO VP, COMMUNITY PARTNERSHIPS 40.00 X 128953 0 14465 LORI NEUNER CHIEF TALENT OFFICER 40.00 X 141251 0 14919 SAMMY REDD SR DIR POST-SECONDARY PATHWAYS 40.00 X 125679 0 8325 YASENIA DUDLEY SR DIR EDUCATION 40.00 X 111766 0 8912 1879226 0 170920 11 0 1 0 UTILE INC 115 KINGSTON ST BOSTON MA 02111 ARCHITECTUAL AND ENGINEERING SERVICES 422798 LEFTFIELD LLC 225 FRANKLIN ST FRANKLIN MA 02110 PROJECT MANAGEMENT SERVICES 193600 ELAINE CONSTRUCTION 1037 CHESTNUT ST NEWTON UPPER FALLS MA 02464 CONSTRUCTION MANAGER 168943 NRG GROUP 106 BELGRADE ROSLINDALE MA 02131 RECRUITING 144074 YAMARTINO GROUP 165 STAYNER DRIVE HINGHAM MA 02043 MANAGEMENT CONSULTING 103790 5 630657 6952974 5430 7583631 AFTER SCHOOL FEE FOR S 611710 28999 28999 IN-HOUSE SOCIAL ENTERP 611710 5346 5346 34345 OTHER INCOME 999999 42680 42680 42680 7660656 34345 0 42680 X 92456 92456 1469933 872604 247638 349691 2465892 1749829 484498 231565 93861 62252 20840 10769 178632 136399 30483 11750 295643 200422 55581 39640 15000 15000 118860 118860 874852 449184 328090 97578 6650 6650 122435 16625 58565 47245 1114529 871124 223514 19891 9066 6014 2762 290 6878 5101 1416 361 114449 87476 21493 5480 87729 60378 18567 8784 PROGRAM SUPPLIES AND AC 20748 20748 FOOD AND MEALS 13251 6485 6071 695 MISCELLANEOUS EXPENSE 11186 4915 5061 1210 STAFF DEVELOPMENT AND T 5227 2229 2215 783 7117277 4644241 1647304 825732 985572 622066 409 411 341856 169109 6667 10990 16420 49120 86949 2742491 1124379 494933 1618112 19125 19125 1908672 2532192 568837 530371 241381 256814 616802 1067032 1147173 X 342485 1060044 499155 324975 841640 1385019 1908672 2532192 543379 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1098737 895948 202789 225045 216255 8790 1418709 12176 1406533 1618112 DEFERRED RENT 616802 616802 X 8299386 638730 638730 7660656 0 7660656 7756007 638730 638730 7117277 0 7117277 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 OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS DIVERSITY, EQUITY AND INCLUSION STATEMENT ON ITS WEBSITE THROUGHOUT 2020. 1 STIPENDS PAID TO STUDENTS 146 92456 N/A PART I, LINE 2: THE ORGANIZATION WORKS CLOSELY WITH ITS STUDENTS IN DEVELOPMENT OF THEIR ENTREPRENEURIAL VENTURES, AND ENCOURAGES STUDENTS TO INVEST STIPENDS RECEIVED BACK INTO THEIR OWN BUSINESSES. X X 0 0 0 0 0 0 0 0 0 JEREMY TAYLOR VP, EVALUATION & LEARNING 222262 0 0 0 0 0 0 0 23311 0 245573 0 0 0 PETER NOVEMBER CHIEF OPERATING OFFICER 217560 0 0 0 0 0 0 0 23347 0 240907 0 0 0 JAKE MURRAY CHIEF EXTERNAL AFFAIRS OFFICER 218666 0 0 0 0 0 0 0 22114 0 240780 0 0 0 NANCY JONES FORMER VP, DEV. & PARTNERSHIPS 218158 0 0 0 0 0 0 0 6841 0 224999 0 0 0 MARGARET RIORDIAN CHIEF LEARNING OFFICER 202413 0 0 0 0 0 0 0 16920 0 219333 0 0 0 ROBERT FINNEGAN III VP, BUSINESS DEVELOPMENT 182193 0 0 0 0 0 0 0 23020 0 205213 0 0 0 LORI NEUNER CHIEF TALENT OFFICER 141251 0 0 0 0 0 0 0 14919 0 156170 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 2020 TAX YEAR). FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS BY-LAWS IN SEPTEMBER 2020. 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 2020, 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 449,184. MANAGEMENT AND GENERAL EXPENSES 328,090. FUNDRAISING EXPENSES 97,578. TOTAL EXPENSES 874,852.