2013-07-22T16:13:11-05:00 2012-12-31 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2012-01-01 133840394 THE POSSE FOUNDATION INC POSS 2124051691 14 WALL STREET NO 8A-60 NEW YORK NY 10005 DEBORAH BIAL 2124051691 2013-07-22 1 ROBERT R LYONS CPA P00227274 2125038800 2012 2016-02-24 21:20:13Z DEBORAH BIAL 14 WALL STREET NO 8A-60 NEW YORK NY 10005 20613844 0 X WWW.POSSEFOUNDATION.ORG X 1989 NY POSSE STARTED BECAUSE OF ONE STUDENT WHO SAID, "I NEVER WOULD HAVE DROPPED OUT OF COLLEGE IF I HAD MY POSSE WITH ME." THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS. 34 34 130 0 0 0 19001966 15835867 1784199 2085991 2043984 1683885 65439 -18956 22895588 19586787 0 209052 0 0 7615460 8381254 0 0 1726096 4963453 5254372 12578913 13844678 10316675 5742109 52740914 61448540 2198348 2344229 50542566 59104311 X THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS. 0 0 10424896 209052 2085991 THE RECRUITMENT AND TRAINING PROGRAMS INCLUDE THE FOLLOWING SUB-PROGRAMS: RECRUITMENT, PRE-COLLEGIATE TRAINING, CAMPUS, AND CAREER. FOR THE RECRUITMENT PROGRAM, FROM SEPTEMBER THROUGH DECEMBER EACH YEAR, POSSE CONDUCTS THE DYNAMIC ASSESSMENT PROCESS (DAP), A UNIQUE EVALUATION METHOD DESIGNED TO IDENTIFY YOUNG LEADERS WHO MIGHT BE MISSED BY TRADITIONAL ADMISSIONS CRITERIA, BUT WHO CAN EXCEL AT SELECTIVE COLLEGES AND UNIVERSITIES. FOR THE PRE-COLLEGIATE TRAINING PROGRAM, FROM JANUARY TO AUGUST OF THEIR SENIOR YEAR IN HIGH SCHOOL, POSSE SCHOLARS MEET WEEKLY WITH STAFF TRAINERS AND THEIR POSSE PEERS FOR TWO-HOUR WORKSHOPS. THE TRAINING PROGRAM CONSISTS OF WORKSHOPS THAT ADDRESS FOUR AREAS: TEAM BUILDING AND GROUP SUPPORT, CROSS-CULTURAL COMMUNICATION, LEADERSHIP AND BECOMING AN ACTIVE AGENT OF CHANGE ON CAMPUS, AND ACADEMIC EXCELLENCE. FOR THE CAMPUS PROGRAM, POSSE STAFF MEMBERS VISIT EACH UNIVERSITY FOUR TIMES A YEAR FOR MEETINGS WITH POSSE SCHOLARS, CAMPUS LIAISONS AND MENTORS. EACH MENTOR MEETS WEEKLY WITH THE POSSE AS A TEAM AND WITH EACH SCHOLAR INDIVIDUALLY EVERY TWO WEEKS DURING THE FIRST TWO YEARS IN COLLEGE.IN ADDITION, POSSE FACILITATES AN ANNUAL WEEKEND-LONG POSSEPLUS RETREAT ATTENDED BY MEMBERS OF THE LARGER STUDENT BODY, FACULTY AND ADMINISTRATION, WITH THE GOAL OF DISCUSSING ANY IMPORTANT CAMPUS ISSUES IDENTIFIED BY POSSE SCHOLARS. FOR THE CAREER PROGRAM, POSSE PLAYS AN INTEGRAL ROLE IN THE PROFESSIONAL DEVELOPMENT OF OUR SCHOLARS AND ALUMNI BY PROVIDING THEM WITH THE TOOLS AND OPPORTUNITIES NECESSARY TO SECURE HIGHLY COMPETITIVE AND CAREER-ENHANCING INTERNSHIPS AND JOBS. ONE OF THE WAYS POSSE ACHIEVES THIS IS BY PARTNERING WITH EXCEPTIONAL COMPANIES AND ORGANIZATIONS, BOTH NATIONALLY AND ABROAD. CURRENTLY, POSSE HAS MORE THAN 100 PARTNER COMPANIES AND ORGANIZATIONS NATIONWIDE. THE CAREER PROGRAM HAS THREE CORE COMPONENTS: THE INTERNSHIP PROGRAM, CAREER SERVICES, AND THE ALUMNI NETWORK. 10424896 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 181 0 130 0 0 0 0 0 0 1 1 0 0 0 0 X 34 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY TX MA IL LA GA FL CA DC X ROSANNA AYBAR 2124051691 14 WALL STREET SUITE 8A-60 NEW YORK NY 10005 JEFFREY UBBEN 0.60 X X 0 0 0 ANTHONY J DE NICOLA 0.10 X 0 0 0 MICHAEL AINSLIE 0.20 X 0 0 0 ANSON M BEARD JR 0.20 X 0 0 0 ERIC BECKMAN 0.40 X 0 0 0 ROBBIE OXNARD BENT 0.20 X 0 0 0 ALASTAIR BORTHWICK 0.20 X 0 0 0 RONALD CRUTCHER 0.20 X 0 0 0 HON DAVID N DINKINS 0.20 X 0 0 0 MARTIN FREDERICK EVANS 0.20 X 0 0 0 RICHARD FAIN 0.20 X 0 0 0 HAROLD FORD JR 0.20 X 0 0 0 MICHELE GANELESS 0.20 X 0 0 0 KELLEY GRANAT 0.20 X 0 0 0 JAMES HOYTE 0.20 X 0 0 0 BARBARA JANULIS 0.20 X 0 0 0 STEVEN LEFKOWITZ 0.20 X 0 0 0 BRUCE MACLEOD 0.10 X 0 0 0 GARRETT MORAN 0.40 X 0 0 0 DIANE B PATRICK ESQ 0.20 X 0 0 0 PAUL J SELIAN 0.20 X 0 0 0 FRANK SESNO 0.40 X 0 0 0 EUGENE B SHANKS JR 0.30 X 0 0 0 BRAD SINGER 0.20 X 0 0 0 DAVID THOMAS 0.20 X 0 0 0 TIMOTHY UBBEN 0.40 X 0 0 0 ANNE CHWAT 0.20 X 0 0 0 MARK TAYLOR 0.40 X 0 0 0 CHARLES PHILLIPS 0.20 X 0 0 0 HENRY PHILLIPS 0.20 X 0 0 0 DAN PICKERING 0.20 X 0 0 0 JOSE THOMAS 0.40 X 0 0 0 SUSIE SCHER 0.40 X X 0 0 0 PHILIP PEAD 0.40 X X 0 0 0 DEBORAH BIAL 40.00 X 387892 0 8849 ROSANNA AYBAR 40.00 X 203288 0 17705 MATTHEW FASCIANO 40.00 X 190709 0 17690 HEDY ROMA 40.00 X 167048 0 5915 RICO BLANCAFLOR 40.00 X 137628 0 0 REGINA BAIN 40.00 X 131311 0 5884 TAMARA CRAVER 40.00 X 109832 0 0 DOMINIQUE JORDAN TURNER 40.00 X 109277 0 0 LETICIA PEGUERO 40.00 X 107328 0 3974 1544313 0 60017 12 0 1 0 EXPONENT PARTNERS 901 MISSION STREET SUITE 105 SAN FRANCISCO CA 94103 IT SUPPORT & EQUIPMENT PURCHASES 164108 1 3081202 279636 12475029 1012901 15835867 UNIVERSITY FEES 611710 2018333 2018333 SERVICE FEES 900099 67658 67658 2085991 1427946 1427946 1008890 752951 255939 255939 255939 255150 3081202 274106 -18956 -18956 19586787 2085991 0 1664929 209052 209052 999456 247327 330342 421787 6155278 4812643 596909 745726 711714 520846 75099 115769 514806 362701 65696 86409 39350 39350 706475 551076 79649 75750 796891 598694 129190 69007 1568856 1412036 117326 39494 1526208 1310643 168935 46630 97575 59536 38039 31014 23542 7472 STAFF TRAINING/DEVELOP. 260328 251422 5795 3111 FUNDRAISING COSTS 108872 108872 OTHER 78449 48987 16761 12701 BAD DEBT EXPENSE 21607 0 21607 0 18747 16391 1516 840 13844678 10424896 1693686 1726096 X 40202 48075 4716446 5688621 15879944 18613934 1927202 2208693 411088 497618 1339561 1040175 172060 299386 29593972 34092213 52740914 61448540 404753 395929 1283335 1470000 510260 478300 2198348 2344229 X 8564073 10742810 20671739 27054747 21306754 21306754 50542566 59104311 52740914 61448540 5742109 2819636 0 X X 0 1 X 1 0 X 15654141 8761206 8297818 19001966 15835867 67550998 15654141 8761206 8297818 19001966 15835867 67550998 15751025 51799973 1096895 1002814 1321391 2109423 1664929 7195452 74746450 8402079 0.69300 0.72780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26139046 3890234 -767436 29261844 26773229 102796 -736979 26139046 23847866 3586966 -661603 26773229 18918095 5431 4924340 0 23847866 24682256 10281 -5774442 0 18918095 0 0 440734 293799 146935 789836 650132 139704 108991 96244 12747 299386 TIFF MULTI-ASSET FUND 29771640 F VALUE ACT CAPITAL PARTNERS LP 4092609 F CERTIFICATES OF DEPOSIT 227964 F 34092213 DEFERRED RENT 478300 478300 X 22684271 2819636 277848 3097484 19586787 0 19586787 14122526 277848 277848 13844678 0 13844678 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENT ENDOWMENT - THE PERMANENTLY RESTRICTED NET ASSETS IS FOR THE ESTABLISHMENT OF AN ENDOWMENT FUND AND THE EARNINGS FROM PERMANENTLY RESTRICTED ENDOWMENT SHALL BE USED TO FUND POSSE'S PROGRAM ACTIVITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: POSSE HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2012 AND 2011 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. POSSE IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2009. NY GALA 1824478 1703478 121000 123190 2424 POWER OF TEN (LA) 268540 253740 14800 16209 0 7 1243334 1123984 119350 128690 3593 3336352 3081202 255150 268089 6017 274106 -18956 1 POSSE SCHOLAR LEADERSHIP AWARDS 98 202934 FAIR MARKET VALUE ELYER STUDENT ASSISTANCE 8 6118 FAIR MARKET VALUE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: POSSE SCHOLAR LEASERSHIP AWARDS ARE DESIGNED TO RELIEVE THE FINANCIAL OBSTACLES ASSOCIATED WITH THE SCHOLARS WHO WORK IN UNPAID OR MINIMALLY (LESS THAN $2,500) PAID INTERNSHIPS. PARTICIPANTS ARE REQUIRED TO UPLOAD RESUMES AND COMPLETE PSLA APPLICATION FORM. ELIGIBILITY IS DETERMINED BASED ON INITIAL SCREENING AND SUPERVISORY APPROVALS. ELYER STUDENT ASSISTANCE - ISSUED TO POSSE SCHOLARS THROUGHOUT THE YEAR ON A CASE-BY-CASE BASIS, WHO NEED FINANCIAL ASSISTANCE. THE ASSISTANCE COULD BE FOR ITEMS SUCH AS EMERGENCY FLIGHTS HOME DUE TO A DEATH IN THE FAMILY, FUNDS TO ASSIST TO STUDY ABROAD, ROOM AND BOARD, TEXTBOOKS OR MATERIALS FOR SCHOOL, HOUSING ASSISTANCE, ETC. X X X 0 0 0 0 0 0 0 0 0 DEBORAH BIAL 312892 0 75000 0 0 0 0 0 8849 0 396741 0 0 0 ROSANNA AYBAR 188288 0 15000 0 0 0 0 0 17705 0 220993 0 0 0 MATTHEW FASCIANO 175709 0 15000 0 0 0 0 0 17690 0 208399 0 0 0 HEDY ROMA 152048 0 15000 0 0 0 0 0 5915 0 172963 0 0 0 X 23 1012901 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 1. MICHAEL AISNLIE HAS A FAMILY RELATIONSHIP WITH ROBBIE OXNARD BENT. 2. TIMOTHY UBBEN HAS A FAMILY RELATIONSHIP WITH JEFF UBBEN. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE ORGANIZATION'S 990 IS PROVIDED TO ALL BOARD MEMBERS VIA FEDEX AND/OR WEBSHARE, A SECURE ON-LINE ACCESS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CIRCULATES A "CONFLICT OF INTEREST FORM" WHICH NEEDS TO BE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY. THE FORMS ARE REVIEWED AND FILED AT THE NATIONAL OFFICE. GOVERNING BODY MEMBERS EXCUSE THEMSELVES FROM ANY MATTERS OF CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE USES OTHER NONPROFIT EXECUTIVE COMPENSASTIONS AND NONPROFIT FIELD AVAILABLE SURVEYS IN ORDER TO DETERMINE AND APPROVE THE CEO COMPENSATION. THE PRESIDENT OF THE ORGANIZATION, ALSO A BOARD MEMBER, USES NONPROFIT FIELD SURVEYS AND COMPARABLE DATA TO REVIEW AND APPROVE KEY OFFICERS' AND MANAGEMENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC, UPON REQUEST. THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT FORM 990, PART XI, LINE 2C: HAS NOT BEEN CHANGED FROM PRIOR YEAR.