Overview
What is Possibility Labs?
Possibility Labs is a nonprofit organization based in San Francisco, California, with a mission to empower Black, Indigenous, people of color, and historically low-income communities by co-creating a new economy that fosters self-determination. Under their fiscal sponsorship program, they host individual projects aligned with their mission and provide administrative support, including accounting, finance, human resources, and IT management. Possibility Labs acts as a sponsor, enabling these projects to operate as fiscally-sponsored entities and carry out their charitable and educational programs. The organization has a team of 38 employees.
Official website here: www.possibilitylabs.org
Is Possibility Labs legitimate?
Possibility Labs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Possibility Labs 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: $1,126,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,945,777
For more financial information, click here
Official website here: www.possibilitylabs.org
What is the mission statement of Possibility Labs?
The organization, Possibility Labs, is dedicated to co-creating a new economy where Black, Indigenous, People of Color, and Historically Low-Income Communities have the power of self-determination. Through its fiscal sponsor program, the organization supports value-aligned projects by implementing their charitable and educational programs, providing administrative services such as accounting, finance, human resources, and IT management. The mission of Possibility Labs aims to empower these communities and give them a voice in shaping their own economic futures. The organization's goal is to build a more equitable society where all communities have the opportunity to thrive. By fostering self-determination, Possibility Labs aspires to create lasting change and foster a more just and inclusive economy.
Official website here: www.possibilitylabs.org
Who is the CEO of Possibility Labs?
Jill Smith is the Board Member of Possibility Labs. The CEO's salary of Possibility Labs is $229,266 and their total compensation is $236,253.
Official website here: www.possibilitylabs.org
What is the revenue of Possibility Labs?
Who are the executives of Possibility Labs and what are their salaries?
The average compensation at Possibility Labs during 2022 was $80,849. There are 38 employees and 6 volunteers at Possibility Labs.
Here are 7 key members and their salaries (Possibility Labs's CEO's salary is $229,266 and their total compensation is $236,253):
- Vanessa Huang (Vp Of Partnerships)
- Lem White (Co-Ceo) [Trustee/Director]
- Keiko Murase (Co-Ceo) [Trustee/Director]
- Deborah Nelson (Executive Director To Fsp)
- Jaimee Estreller (Vice President Of Marketing And Communications)
- Khalid Kadir (Board Member) [Trustee/Director]
- Rosemary E Fei (Board Member) [Trustee/Director]
Official website here: www.possibilitylabs.org
Where can I find the form 990 for Possibility Labs?
The Possibility Labs’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.possibilitylabs.org
Learn more at the official website: www.possibilitylabs.org
Mission Statement of Possibility Labs
Possibility Labs, a mission-driven organization, strives to co-create a new economy empowering Black, Indigenous, People of Color, and Historically Low-Income Communities with the power of self-determination. Through its fiscal sponsor program, the organization provides support to value-aligned projects, implementing their charitable and educational programs. This includes offering essential administrative services such as accounting, finance, human resources, and IT management. The organization's focus on self-determination enables these projects to thrive and make a significant impact within their communities. By fostering an inclusive and equitable economic landscape, Possibility Labs aims to build a brighter future for underrepresented groups.
Impact
This information is meant to be a general summary of Possibility Labs. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Possibility Labs's impact lies in co-creating a new economy where Black, Indigenous, people of color, and historically low-income communities have the power of self-determination. Through its fiscal sponsor program, the organization supports individual projects aligned with this mission by providing administrative services and implementing charitable and educational programs. Its efforts in San Francisco, CA, are focused on empowering marginalized communities to achieve self-determination and economic empowerment.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,985,697
Organization Details
Founding Year
2020
Phone
(213) 408-0508
Principal Officer
Jill Smith
Main Address
1410 FRANKLIN STREET 135, SAN FRANCISCO, CA, 94109
Website
www.possibilitylabs.org
NTEE Category
Code: P20 - Human services
If you are a representative of Possibility Labs 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.