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The Posse Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133840394 ✦ New york, NY ✦ Designated as a 501(c)(3)

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

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.

Here 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 1,745 volunteers at The Posse Foundation Inc.

Here are 58 key members and their salaries:

    Deborah Bial (President) [Trustee/Director]
  • Compensation: $555,559
  • Related: $0
  • Other: $32,751

    • Hedwig Roma (Vp Development)
  • Compensation: $236,857
  • Related: $0
  • Other: $22,117

    • Francis Occena (Cfo/Cao)
  • Compensation: $220,758
  • Related: $0
  • Other: $25,534

    • Rassan Salandy (Vp External Affairs)
  • Compensation: $184,688
  • Related: $0
  • Other: $36,200

    • Matthew Fasciano (Chief Operating Officer (Outgoing))
  • Compensation: $182,925
  • Related: $0
  • Other: $21,303

    • Stacey Pierce (Chief Operating Officer)
  • Compensation: $185,485
  • Related: $0
  • Other: $12,878

    • Andrew Gallagher (Associate Vice President, Development)
  • Compensation: $152,500
  • Related: $0
  • Other: $16,762

    • Nadine Dalrymple (Regional Vice President)
  • Compensation: $139,017
  • Related: $0
  • Other: $14,942

    • James Dabney (Regional Vice President)
  • Compensation: $131,858
  • Related: $0
  • Other: $18,154

    • Augusta Irele (Vp, Training, Learning & Curriculum)
  • Compensation: $119,977
  • Related: $0
  • Other: $18,035

    • Henry Ellenbogen (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip M Pead (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Rajlin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aj Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Townsend (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Berro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alastair Borthwick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alberto M Carvalho (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Mulderry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Chwat (Trustee (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annie Seibold Drapeau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Janulis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barton Winokur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Singer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Briana Zelaya (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Phillips (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Acheampong (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Weiss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Harrison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donella P Brockington (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth P Myers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Forrest Wylie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Greenberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Ford Jr (Trustee (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Wilcox (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Raich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Kopylov (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Rickard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Meyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joshua Paulson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Parsons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim-Thu Posnett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Koby Altman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kurt Simon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leah Stearns (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marvin Figueroa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Kluger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Passilla (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitch Truwit (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nana Sarpong (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter E Blacker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phillip Perelmuter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Rizzo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Gallucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven M Lefkowitz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susie Scher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William M Lewis Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Plapinger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.possefoundation.org

    Where can I find the form 990 for The Posse Foundation Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Posse Foundation Inc's impact is evident in its ability to identify, support, and empower public high school students with extraordinary academic and leadership potential. By placing these students in multicultural teams ("posses") and providing them with full-tuition scholarships at partner universities, The Posse Foundation offers a unique opportunity for personal and academic growth. Through its comprehensive recruitment and training programs, including pre-collegiate workshops, campus support, and career development initiatives, The Posse Foundation equips its scholars with the skills and resources necessary to excel in college and beyond. As a result, The Posse Foundation's innovative approach to higher education has not only transformed the lives of individual students but also contributed to creating a more diverse and inclusive academic environment at partner universities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Deborah Bial

    Main Address

    14 WALL STREET 8A-60, NEW YORK, NY, 10005

    NTEE 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.