Overview
What is The Possible Project Inc?
The Possible Project Inc, also known as The Possible Zone (TPZ), is a nonprofit organization situated in Boston, Massachusetts. Their mission is to foster economic equity by cultivating the entrepreneurial spirit, skills, and networks necessary for high school students to launch successful careers. They offer a multi-year, project-based entrepreneurship program, which includes STEAM education, hands-on work experience, and personalized college and career advising. Students at TPZ develop a range of skills, from career readiness and social-emotional learning to enhancing their professional identity. The program allows students to launch their own businesses, intern with local corporations, and map their post-secondary goals. With a strong commitment to advancing equity, TPZ primarily serves under-resourced communities and students of color, offering scholarship stipends to offset program costs. Since its inception, TPZ has positively impacted over 1,000 students in Boston and Cambridge, helping them launch over 400 entrepreneurial ventures and increasing college matriculation rates.
Official website here: www.possiblezone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% - Three-Star out of Four Star rating
The Possible Project Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance overall, particularly in the areas of Leadership & Adaptability, which scored 100%, and Culture & Community, with an impressive 95%. The organization demonstrates strong governance, with a significant majority of independent board members and robust policies in place to ensure accountability.
While the organization excels in leadership and community impact, the Accountability & Finance score of 74 indicates some areas for improvement, particularly in their Program Expense Ratio and Working Capital Ratio, which received lower scores. The Program Expense Ratio of 64.20% suggests a significant portion of funds are directed towards programs, though striving for a higher percentage could enhance their effectiveness further.
Despite these limitations, The Possible Project Inc shows a commendable fundraising efficiency of $0.12, indicating low costs associated with raising funds. Their commitment to leadership development and adaptability highlights their ongoing investment in organizational growth, making them a noteworthy nonprofit in their sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Possible Project Inc legitimate?
The Possible Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Possible Project 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: $3,743,482
Professional Fundraising Fees: $178,666
Other Salaries and Wages: $4,400,031
For more financial information, click here
Official website here: www.possiblezone.org
What is the mission statement of The Possible Project Inc?
The mission of The Possible Project Inc., as stated, is focused on promoting economic equity by fostering the entrepreneurial spirit, skills, and networks in young individuals, thereby enabling them to launch successful careers. This organization offers a year-round, multi-year entrepreneurship program to high school students, incorporating a dynamic project-based curriculum, STEAM education, hands-on work experience, and personalized college and career guidance. Through this program, the young entrepreneurs establish their own businesses, learn design and advanced manufacturing, intern with local corporations, and map their post-secondary goals and plans. This process not only develops their career readiness, social-emotional, and technical skills but also strengthens their professional identity, preparing them for any future path they choose.
Official website here: www.possiblezone.org
What is the revenue of The Possible Project Inc?
The Possible Project Inc's revenue in 2023 was $11,536,577.
Official website here: www.possiblezone.org
Who are the executives of The Possible Project Inc and what are their salaries?
The average compensation at The Possible Project Inc during 2023 was $86,633. There are 94 employees and 93 volunteers at The Possible Project Inc.
Here are 30 key members and their salaries:
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- Compensation: $150,459
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- Compensation: $148,848
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- Compensation: $139,261
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- Compensation: $134,744
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- Compensation: $130,965
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- Other: $11,968
Official website here: www.possiblezone.org
Where can I find the form 990 for The Possible Project Inc?
The Possible Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.possiblezone.org
Learn more at the official website: www.possiblezone.org
Mission Statement of The Possible Project Inc
The Possible Project, a nonprofit organization, is committed to advancing economic equity by fostering an entrepreneurial spirit, skills, and networks among high school students. Based on its mission, the organization offers a year-round, multi-year entrepreneurship program to students in Boston. This comprehensive program includes a project-based curriculum, STEM education, hands-on work experience, and individualized college and career advising.
Through this program, young entrepreneurs at The Possible Project launch their own companies, learn advanced manufacturing techniques, and intern with local corporations and organizations. The program also helps students map their postsecondary goals and plans, enabling them to develop career readiness, social-emotional, and technical skills. As a result, these students strengthen their professional identity, preparing them to succeed in any future path they choose.
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Impact
October, 2024
The Possible Project Inc creates a transformative impact on high school students in Boston by fostering entrepreneurial spirit and preparing them for successful careers. Through a comprehensive, year-round, multi-year entrepreneurship program, it equips students from historically under-resourced communities with essential skills, networks, and experiences necessary for career readiness.
Participants engage in a dynamic, project-based curriculum infused with STEAM (Science, Technology, Engineering, Arts, and Mathematics) education, allowing them to apply theoretical knowledge in practical contexts. By launching their own business ventures, students not only learn design and advanced manufacturing but also gain hands-on work experience through internships with local corporations and organizations. This practical engagement nurtures critical skills such as problem-solving, creative thinking, and teamwork.
Moreover, The Possible Project prioritizes individualized college and career advising, helping students navigate their postsecondary options while fostering a sense of belonging and agency. The results speak volumes: since its inception, the organization has served over 1,000 students, enabling them to launch more than 400 entrepreneurial ventures. The program has also shown remarkable success in boosting college matriculation rates, with participants from partner schools enrolling at rates significantly higher than their non-participating peers.
Through robust student support, including scholarship stipends to alleviate participation costs, The Possible Project also addresses immediate needs such as transportation and food security, further enhancing student success. The impact of this program extends beyond individual outcomes, contributing to economic equity and resilience within the community by empowering the next generation of leaders and innovators.
This information is meant to be a general summary of The Possible Project 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 2023.
- Investment Income: $49,475
- Gross Receipts: $18,612,079
Assets and Liabilities:
- Total Assets: $23,228,928
- Total Liabilities: $20,990,553
- Net Assets: $2,238,375
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Organization Details
Founding Year
2009
Principal Officer
Mark Levin
Website
www.possiblezone.orgNTEE Category
Code: B80 - Education
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