Nonprofit · EIN 85-3989363
POSSIBILITY LABS
Tax-exempt · SAN FRANCISCO, CA 94109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,036,907 | $37,013,238 | $17,023,669 | $45,927,669 | $11,703,659 | $34,224,010 |
| December 31, 2023 | 990 (amended) | $24,985,359 | $33,827,449 | -$8,842,090 | $21,615,149 | $4,414,791 | $17,200,358 |
| December 31, 2022 | 990 (amended) | $43,362,506 | $19,492,753 | $23,869,753 | $29,603,098 | $3,560,650 | $26,042,448 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $51,897,256
- of which government grants
- $40,903
- Program service revenue
- $1,819,658
- Investment income
- $316,811
- Net gain from sales of assets
- -$1,753
- Net income from sales of inventory
- $1,832
- Other revenue
- $3,182
Expenses
- Grants and similar amounts paid
- $24,825,759
- Compensation of officers, directors and key employees
- $1,843,951
- Other salaries and wages
- $3,702,909
- Salaries, compensation and benefits (total)
- $6,644,907
- Professional fundraising fees
- $0
- Legal fees
- $75,458
- Accounting fees
- $271,418
- Occupancy
- $169,399
- Travel
- $759,150
- Program services (functional)
- $34,693,505
- Management and general (functional)
- $1,601,609
- Fundraising (functional)
- $718,124
Balance sheet and other
- Total assets, start of year
- $21,615,149
- Total assets, end of year
- $45,927,669
- Total liabilities, end of year
- $11,703,659
- Net assets, end of year
- $34,224,010
- Net assets without donor restrictions
- $4,583,177
- Net assets with donor restrictions
- $29,640,833
- Gross receipts
- $54,439,500
- Employees
- 46
- Volunteers
- 30
- Year formed
- 2020
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILLIAN SMITH | SENIOR DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $154,952 | $2,412 |
| DONNA DANIELS | CO-CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $143,024 | $8,308 |
| JAMYE WOOTEN | CO-CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $123,657 | $7,350 |
| YUMARI MARTINEZ | CO-EXECUTIVE DIRECTOR Officer | 40 | $125,836 | $5,105 |
| VIDHYA ANANTHAKRISHNAN | MANAGING DIRECTOR Highest-paid employee | 40 | $108,351 | $7,520 |
| DEBORAH NELSON | CO-EXECUTIVE DIRECTOR Officer | 40 | $108,524 | $7,160 |
| KRYSTAL STARVIS | CHIEF OPERATING OFFICER Officer | 40 | $98,551 | $5,867 |
| MARK WATSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KHALID KADIR | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROSEMARY E FEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEO FREEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF MALLOY | TREASURER Trustee or director | 1 | $0 | $0 |
| TIM ORTEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH NELSON | EXECUTIVE DIRECTOR TO FSP Highest-paid employee | 40 | $186,223 | $29,550 |
| CHRISTINA BECK | PROGRAM DIRECTOR Highest-paid employee | 40 | $157,012 | $23,204 |
| JILLIAN SMITH | SENIOR DIRECTOR, OPERATIONS & ADMIN Highest-paid employee | 40 | $174,945 | $2,537 |
| JAIMEE ESTRELLER | VICE PRESIDENT OF MARKETIN Highest-paid employee | 40 | $149,900 | $10,498 |
| YUMARI MARTINEZ | PROGRAM DIRECTOR Highest-paid employee | 40 | $157,213 | $2,280 |
| LEM WHITE | CO-CEO Trustee or director, Officer | 40 | $146,945 | $8,144 |
| KEIKO MURASE | CO-CEO Trustee or director, Officer | 40 | $133,125 | $21,569 |
| MARK WATSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KHALID KADIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSEMARY E FEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEO FREEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF MALLOY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM ORTEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANESSA HUANG | VP OF PARTNERSHIPS (THROUGH 12/19/22) Highest-paid employee | 40 | $236,643 | $19,383 |
| LEM WHITE | CO-CEO Trustee or director, Officer | 40 | $227,921 | $16,343 |
| KEIKO MURASE | CO-CEO Trustee or director, Officer | 40 | $229,266 | $6,987 |
| DEBORAH NELSON | EXECUTIVE DIRECTOR TO FSP Highest-paid employee | 40 | $187,947 | $15,146 |
| JAIMEE ESTRELLER | VICE PRESIDENT OF MARKETING AND COMMUNICATIONS Highest-paid employee | 40 | $178,007 | $8,841 |
| KELSEY BAKER | SECRETARY Trustee or director, Officer | 1 | $141,093 | $12,114 |
| KHALID KADIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSEMARY E FEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK WATSON | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1410 FRANKLIN STREET 135, SAN FRANCISCO, CA 94109-5426
- Principal officer (990 for 2024)
- TYRA EDMOND, 1410 FRANKLIN STREET 135, SAN FRANCISCO, CA 94109
- Signed the 990
- TYRA EDMOND, CHIEF FINANCIAL OFFICER
- Phone
- (443) 221-5534
- Website
- WWW.POSSIBILITYLABS.ORG
- Return prepared by
- QUIGLEY & MIRON
California records
California keeps its own records of charities and corporations. Search them by EIN 85-3989363 or by the name POSSIBILITY LABS.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
OUR MISSION IS TO CO-CREATE A NEW ECONOMY WHERE BLACK, INDIGENOUS, PEOPLE OF COLOR, AND HISTORICALLY LOW-INCOME COMMUNITIES HAVE THE POWER OF SELF-DETERMINATION.
Program accomplishments
- POSSIBILITY LABS PROVIDES SCALABLE BACK-OFFICE OPERATIONAL AND FUND DEPLOYMENT SERVICES ROOTED IN TRUST-BASED AND NON-EXTRACTIVE PRACTICES. THROUGH OUR FISCAL SPONSORSHIP PROGRAM, WE SUPPORT NONPROFIT PROJECTS AND SOCIAL ENTERPRISES TO ACCESS THE AGILE AND TRANSPARENT TOOLS THEY NEED TO OPERATE WITH AUTONOMY AND AGILITY FOR THEIR CHARITABLE WORK. WE PROVIDE HUMAN RESOURCES, ACCOUNTING, FINANCIAL OPERATIONS, AND BUSINESS INTELLIGENCE SUPPORT TO OUR PARTNERS SO THEY CAN GROW THEIR IMPACT.THROUGH OUR REDISTRIBUTION DAF (DONOR-ADVISED FUND) AND RESOURCING INITIATIVES WE PARTNER WITH FOUNDATIONS, INDIVIDUAL DONORS, IMPACT INVESTORS, COMMUNITY-GOVERNED FUNDS, AND OTHERS TO INCREASE THE FLOW OF CAPITAL TO UNDER-RESOURCED GROUPS BUILDING POWER AND WEALTH IN OUR BIPOC COMMUNITIES. WE ACTIVATE OUR PARTNERS' ENTIRE PORTFOLIOS TOWARDS IMPACT, WHICH INCLUDES MULTI-YEAR GRANTS, RECOVERABLE GRANTS, LOAN GUARANTEES, AND RAPID FUND DISBURSEMENT.Expenses $34,693,505 · grants $24,825,759 · revenue $1,821,008
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3989363
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $45,927,669
- Income (IRS master file)
- $54,439,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,036,907 | $37,013,238 | $45,927,669 | XML |
| 990 | December 2023 | $24,985,359 | $33,827,449 | $21,615,149 | XML |
| 990 | December 2022 | $43,362,506 | $19,492,753 | $29,603,098 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 85-3989363).
Questions about POSSIBILITY LABS
- What is the EIN of POSSIBILITY LABS?
- The employer identification number (EIN) of POSSIBILITY LABS is 85-3989363.
- Is POSSIBILITY LABS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to POSSIBILITY LABS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POSSIBILITY LABS 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 POSSIBILITY LABS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POSSIBILITY LABS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POSSIBILITY LABS?
- The 990 for the year ended December 31, 2024 names TYRA EDMOND.
- Who are the officers and directors of POSSIBILITY LABS?
- The 990 for the year ended December 31, 2024 lists 13 people; 7 received compensation from the organization, the highest $154,952 (JILLIAN SMITH, SENIOR DIRECTOR OF OPERATIONS).
- How much revenue does POSSIBILITY LABS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,036,907, expenses of $37,013,238 and total assets of $45,927,669 at year end.
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All nonprofits in SAN FRANCISCO · California · Human services