Overview
What is The Posse Foundation Inc?
The Posse Foundation Inc, established in 1989, is a nonprofit organization based in New York City. It identifies academically and leadership-gifted public high school students who may be overlooked by traditional college selection processes and offers them the chance to thrive through a supportive, multicultural team environment. The foundation grants these students full-tuition Leadership Scholarships from its partner universities. The Posse Foundation's comprehensive programs include recruitment, pre-collegiate training, campus support, and career services. During the recruitment process, the Posse Dynamic Assessment Process (DAP) is used to identify young leaders who might not meet traditional admission criteria but have the potential to excel in selective colleges. Pre-collegiate training consists of weekly workshops covering team building, cross-cultural communication, leadership, and academic excellence. The campus program offers mentorship and support from Posse staff and university personnel. The career program helps scholars secure competitive internships and jobs by partnering with over 250 companies and organizations. Additionally, the Posse Foundation facilitates annual retreats and workshops to discuss important campus issues and promote collaboration among students, faculty, and administration. By offering these opportunities, the Posse Foundation provides a transformative experience for its scholars, empowering them to reach their full potential and contribute to their communities.
Official website here: www.possefoundation.org
What are the reviews and ratings of this charity?
The Posse Foundation Inc has received a Four-Star out of Four Star rating from Charity Navigator, with an impressive overall score of 97%. This score reflects high marks in both Accountability & Finance (97) and Culture & Community (98), indicating strong operational practices and commitment to equity, as evidenced by their reported implementation of 13 Equity Practices.
User feedback presents a mixed perspective on the foundation. Supporters commend its financial and social support for students, describing it as more than just a scholarship program but a supportive community. Some alumni praise the foundation for its unique interview process, arguing it accommodates diverse student interactions and capabilities.
Conversely, several reviews express significant dissatisfaction, particularly regarding the selection process and executive compensation. Critics argue that the interview style is unfair and heavily favors outgoing candidates, while also raising concerns over the high salary of the founder. These contrasting views highlight the foundation's strengths in community engagement and support, alongside criticisms regarding its selection methods and leadership compensation.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Posse Foundation Inc legitimate?
The Posse Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Posse Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,496,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,607,526
For more financial information, click here
Official website here: www.possefoundation.org
What is the mission statement of The Posse Foundation Inc?
The Posse Foundation, established in 1989, identifies high school students with exceptional academic and leadership abilities who may be overlooked by conventional college selection processes. By providing these students with the opportunity to excel, the foundation places them in supportive, multicultural teams of ten, referred to as "Posse." In partnership with universities, the Posse Foundation grants these scholars full-tuition, four-year leadership scholarships. The foundation's mission aims to enable these students to reach their full potential and thrive in their academic journey.
Official website here: www.possefoundation.org
Who is the CEO of The Posse Foundation Inc?
Deborah Bial is the Chair of The Posse Foundation Inc.
Official website here: www.possefoundation.org
What is the revenue of The Posse Foundation Inc?
The Posse Foundation Inc's revenue in 2022 was $30,624,137.
Official website here: www.possefoundation.org
Who are the executives of The Posse Foundation Inc and what are their salaries?
The average compensation at The Posse Foundation Inc during 2022 was $46,914. There are 258 employees and 1745 volunteers at The Posse Foundation Inc.
Here are 58 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $555,559
- Related: $0
- Other: $32,751
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $220,758
- Related: $0
- Other: $25,534
- Compensation: $182,925
- Related: $0
- Other: $21,303
- Compensation: $185,485
- Related: $0
- Other: $12,878
- Compensation: $236,857
- Related: $0
- Other: $22,117
- Compensation: $152,500
- Related: $0
- Other: $16,762
- Compensation: $119,977
- Related: $0
- Other: $18,035
- Compensation: $131,858
- Related: $0
- Other: $18,154
- Compensation: $139,017
- Related: $0
- Other: $14,942
- Compensation: $184,688
- Related: $0
- Other: $36,200
Official website here: www.possefoundation.org
Where can I find the form 990 for The Posse Foundation Inc?
The Posse Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.possefoundation.org
Learn more at the official website: www.possefoundation.org
Mission Statement of The Posse Foundation Inc
The Posse Foundation, established in 1989, is a nonprofit organization that identifies high school students with exceptional academic and leadership potential who may otherwise be overlooked by traditional college selection processes. Recognizing the need to provide these students with opportunities to excel, The Posse Foundation extends to them the chance to pursue personal and academic growth by integrating them into supportive, multicultural teams, known as "PosseTeams," consisting of ten students. The partner universities of The Posse Foundation award these students four-year, full-tuition leadership scholarships upon acceptance.
By carefully selecting students from public high schools, The Posse Foundation aims to diversify college campuses and promote a more inclusive and equitable educational environment. The organization's unique approach to college recruitment and scholarship programs not only provides students with the financial means to attend college but also fosters a sense of belonging and community within the university setting. The Posse Foundation's mission is to empower these students to reach their full potential and contribute meaningfully to their academic communities and beyond.
The Posse Foundation's impact extends beyond individual students, as the presence of Posse Scholars on college campuses encourages dialogue, understanding, and cultural awareness among students and faculty. By fostering diverse and inclusive communities, The Posse Foundation plays a vital role in promoting social change and breaking down barriers to higher education. The organization's commitment to identifying and supporting students with extraordinary potential sets them on a path to success, both personally and academically.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Posse Foundation Inc significantly impacts the educational landscape by identifying and nurturing high school students with exceptional academic and leadership potential who might otherwise be overlooked by conventional college admissions processes. Founded in 1989, it operates through a robust model that accelerates personal and academic success.
By creating supportive, multicultural teams called "posses," the foundation fosters a sense of community among students, allowing them to navigate the challenges of higher education together. Each posse consists of 10 students, which enhances peer support and collective responsibility. Partner universities award Posse Scholars four-year, full-tuition leadership scholarships, enabling students to focus on their studies without the burden of financial strain.
The foundation’s dynamic assessment process identifies young leaders who excel beyond traditional metrics, ensuring that talent is recognized and cultivated. In the year leading up to college, the pre-collegiate training program equips scholars with essential skills in teamwork, leadership, and cross-cultural communication. This training not only prepares them academically but also empowers them to become active agents of change on campus.
Once in college, Posse continues to support its scholars through regular meetings with staff, mentors, and campus liaisons, fostering a network of encouragement and guidance. The organization also emphasizes career development, connecting students with internships and job opportunities through partnerships with over 250 companies and organizations nationwide.
Overall, The Posse Foundation Inc plays a crucial role in expanding access to higher education for underrepresented students, cultivating their leadership skills, and facilitating their professional growth, thereby contributing to a more equitable educational ecosystem.
This information is meant to be a general summary of The Posse Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,787,330
- Program Service Revenue: $4,635,307
- Gross Receipts: $73,929,981
Assets and Liabilities:
- Total Assets: $157,695,711
- Total Liabilities: $35,879,616
- Net Assets: $121,816,095
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY FEES
Revenue
$2,928,334
SERVICE FEES
Revenue
$1,706,973
Organization Details
Founding Year
1989
Phone
(212) 405-1691Principal Officer
Deborah Bial
Main Address
14 WALL STREET 8A-60, NEW YORK, NY, 10005
Website
www.possefoundation.orgNTEE Category
Code: B82 - Education
If you are a representative of The Posse Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.