Nonprofit · EIN 73-1544249
POSSIBILITIES INC
Tax-exempt · OKLAHOMA CITY, OK 73146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $310,196 | $343,794 | -$33,598 | $77,608 | $28,289 | $49,319 |
| June 30, 2023 | 990 | $283,863 | $298,063 | -$14,200 | $100,569 | $17,652 | $82,917 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $266,413
- Program service revenue
- $43,783
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $225,421
- Salaries, compensation and benefits (total)
- $225,421
- Professional fundraising fees
- $0
- Accounting fees
- $23,693
- Occupancy
- $20,400
- Travel
- $234
- Program services (functional)
- $254,353
- Management and general (functional)
- $45,165
- Fundraising (functional)
- $44,276
Balance sheet and other
- Total assets, start of year
- $100,568
- Total assets, end of year
- $77,608
- Total liabilities, end of year
- $28,289
- Net assets, end of year
- $49,319
- Land, buildings and equipment
- $9,020
- Net assets without donor restrictions
- $49,319
- Gross receipts
- $310,196
- Employees
- 5
- Year formed
- 1995
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY WATTS | PRESIDENT Officer | – | $0 |
| BRENT WHEELBARGER | VICE-PRESIDE Officer | – | $0 |
| BRENT COLGAN | TREASURER Officer | – | $0 |
| DANA WELCH | SECRETARY Officer | – | $0 |
| LACY DINKINS | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HENSON | DIRECTOR Trustee or director | – | $0 |
| LARRY HOPPER | DIRECTOR Trustee or director | – | $0 |
| MIKE HIXON | DIRECTOR Trustee or director | – | $0 |
| ROSE LANE | DIRECTOR Trustee or director | – | $0 |
| DAVONNA MILAM | DIRECTOR Trustee or director | – | $0 |
| ARIAL MOORE | DIRECTOR Trustee or director | – | $0 |
| TRACI TABYANAN | DIRECTOR Trustee or director | – | $0 |
| TREVER WELCH | DIRECTOR Trustee or director | – | $0 |
| KARL WENZEL | DIRECTOR Trustee or director | – | $0 |
| ZANA WILLIAMS | DIRECTOR Trustee or director | – | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON JACKSON | EXECUTIVE DI Officer | 40 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY WATTS | PRESIDENT Officer | – | $0 |
| LUCY FRITTS | VICE PRESIDE Officer | – | $0 |
| BRENT WHEELBARGER | PRESIDENT Officer | – | $0 |
| DAVONNA MILAM | SECRETARY Officer | – | $0 |
| BRENT COLGAN | TREASURER Officer | – | $0 |
| LARRY HOPPER | DIRECTOR Trustee or director | – | $0 |
| LINDA LAMBERT | DIRECTOR Trustee or director | – | $0 |
| ROSE LANE | DIRECTOR Trustee or director | – | $0 |
| MARIA MARTINEZ | DIRECTOR Trustee or director | – | $0 |
| STEVE MASON | DIRECTOR Trustee or director | – | $0 |
| MARTIN POSTIC JR | DIRECTOR Trustee or director | – | $0 |
| PAT SCHONWALD | DIRECTOR Trustee or director | – | $0 |
| TRACI TABYANAN | DIRECTOR Trustee or director | – | $0 |
| TREVER WELCH | DIRECTOR Trustee or director | – | $0 |
| MARK MYERS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 60254, OKLAHOMA CITY, OK 73146-0254
- In care of
- % J KELLY WORK
- Principal officer (990 for 2023)
- BYRON JACKSON, PO BOX 60254, OKLAHOMA CITY, OK 73146
- Signed the 990
- BYRON JACKSON, EXECUTIVE DIRECTOR
- Phone
- (405) 525-3131
- Website
- WWW.POSSIBILITIESINC.ORG
- Return prepared by
- RUSSELL & WILLIAMS CPA'S PC
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
Program accomplishments
- 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.Expenses $254,353
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1544249
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $77,608
- Income (IRS master file)
- $310,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $310,196 | $343,794 | $77,608 | IRS |
| 990 | June 2023 | $283,863 | $298,063 | $100,569 | XML |
| 990 | June 2022 | $251,564 | $264,649 | $111,379 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1544249).
Questions about POSSIBILITIES INC
- What is the EIN of POSSIBILITIES INC?
- The employer identification number (EIN) of POSSIBILITIES INC is 73-1544249.
- Is POSSIBILITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to POSSIBILITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POSSIBILITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POSSIBILITIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POSSIBILITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of POSSIBILITIES INC?
- The 990 for the year ended June 30, 2024 names BYRON JACKSON.
- Who are the officers and directors of POSSIBILITIES INC?
- The 990 for the year ended June 30, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does POSSIBILITIES INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $310,196, expenses of $343,794 and total assets of $77,608 at year end.
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All nonprofits in OKLAHOMA CITY · Oklahoma · Community improvement and capacity building