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The Possible Project

 17 Sellers Street
 Cambridge, MA 02139
[P] (617) 492-9200
[F] (617) 945-5068
www.possibleproject.org
[email protected]
Amy O'Doherty
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INCORPORATED: 2010
 Printable Profile (Summary / Full)
EIN 27-1544896

LAST UPDATED: 08/14/2018
Organization DBA TPP
Former Names UPSTART (2010)
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

The Possible Project utilizes entrepreneurship to inspire young people who have untapped potential, empowering them with the skills required to achieve enduring personal and professional success. We guide our students through a dynamic curriculum, hands-on work experience, and assistance with entrepreneurial endeavors and career goals. We strive to have all our students use their skills to move through a high-level career path and improve their communities while remaining committed to the principle that ANYTHING IS POSSIBLE!

Mission Statement

The Possible Project utilizes entrepreneurship to inspire young people who have untapped potential, empowering them with the skills required to achieve enduring personal and professional success. We guide our students through a dynamic curriculum, hands-on work experience, and assistance with entrepreneurial endeavors and career goals. We strive to have all our students use their skills to move through a high-level career path and improve their communities while remaining committed to the principle that ANYTHING IS POSSIBLE!

FinancialsMORE »

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Income $4,600,000.00
Projected Expense $4,600,000.00

ProgramsMORE »

  • The Possible Project Youth Entrepreneurship Program
  • Youth Entrepreneurship Program Level I
  • Youth Entrepreneurship Program- Level II
  • Youth Entrepreneurship Program- Levels III and IV
  • Youth Entrepreneurship Program- Levels V and VI

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The Possible Project utilizes entrepreneurship to inspire young people who have untapped potential, empowering them with the skills required to achieve enduring personal and professional success. We guide our students through a dynamic curriculum, hands-on work experience, and assistance with entrepreneurial endeavors and career goals. We strive to have all our students use their skills to move through a high-level career path and improve their communities while remaining committed to the principle that ANYTHING IS POSSIBLE!

Background Statement

The Possible Project is a youth entrepreneurship center that teaches high school students to start and run their own businesses. It was founded in 2010 to create a place where at-risk youth could become entrepreneurs and in the process acquire the skills they need to propel them to long-term success in life, education, and their careers. We are working to close the skills and opportunities gap facing our students by providing resources and support that make them more likely to finish high school, complete education and training beyond high school, and enter careers that will provide them with a living wage.

TPP uses entrepreneurship as a vehicle to impart the skills, abilities, and characteristics that we know make future success more likely for our students. Students become proficient in leadership, resilience, professionalism, self-confidence, teamwork, and a host of other character traits and skills that will propel them on the pathway to success. There are four main aspects of the program: an innovative hands-on entrepreneurship curriculum; student ventures; TPP’s in-house businesses; and pathways advising.

TPP’s students are from the three public schools in Cambridge. Students are nominated for our program by a guidance counselor, teacher, or social worker. More than 80% of our students fall into one or more of the following categories that present barriers to achievement: low socio-economic status, recent immigrant/ English language learner, recipient of an Individualized Education Plan. Nearly 100% of our students are youth of color.

TPP is designed as a six-level, three-year program. Students enter TPP in the 10th grade and stay with the program through high school graduation. To maintain a high-touch and student-specific atmosphere, each group has between 12 and 18 students and at least two designated staff members. Levels are each 12 weeks in duration and are offered on a trimester schedule.

The Possible Project ran pilot programs in spring and summer 2011 before starting formal programming in October of that year. Between March 2011 and December 2013, TPP served more than 180 students who launched and successfully maintained 70+ businesses, participated in our two in-house businesses, and took steps towards realizing their post-high school possibilities. TPP will serve 150 students in 2014 and 188 in 2015. By that point, TPP will be serving 45% of Cambridge high school sophomores who qualify for free or reduced lunch.


Impact Statement

2013 saw The Possible Project reach a number of milestones. For the first time, all six levels of programming ran simultaneously and will continue to be offered each trimester moving forward (spring, summer, and fall). TPP served just under 100 students in 2013 and will serve 150 this year and 188 in 2015 and thereafter. In September, we hired our first Manager of Education & Career Services, who is responsible for the Pathways Advising component of our program. All of our students who were seniors graduated from high school in June and either enrolled in college in the fall 2013 semester (86%), entered an intensive one-year training program, or will begin college in the spring 2014 semester. The organization held its first major fundraising event in October and raised more than $350,000, surpassing our goal. TPP also formed new partnership with Cambridge Housing Authority, which will allow us to expand to a second space in Cambridge for use as a Makerspace (a hands-on learning environment that allows users to create with new and exciting technologies and equipment) for our students.

In addition to serving 150 students in 2014 and seeing all of our seniors graduate and enter a post-secondary institution, TPP has several exciting items unfolding. The organization will unveil its Makerspace, to be utilized for real world application of TPP’s entrepreneurship curriculum; development of STEAM concepts; acquisition of technological skills needed for a career “tool box”; and production and operation of student ventures and headquarters for TPP’s in-house businesses. TPP will also select an external evaluator to create a large-scale measurement system incorporating metrics at all levels and milestones of the program that will follow students for a decade after graduation. Additionally, The Possible Project will select the Massachusetts Gateway City in which we will open our second site in 2015.


Needs Statement

The Possible Project’s five most pressing needs for 2017-2018 are:

1. Developing a volunteer organization; recruiting more than 100+ volunteers for both Cambridge and Boston sites; hire volunteer coordinator

2. Launching a capital campaign to raise $10M to build 20,000 sq ft Makerspace in Boston; hire VP of Development
 
3. Scale TPP Enterprises; Raise $300K in revenue from two in-house businesses. Collect baseline job-readiness data and employ alums
 
4. Ensure 90% of graduates are in a post-secondary opportunity. Create formal alumni programs. Identify potential employers (3 workforce agencies and 3 companies)
 
5. Collect baseline data for high school outcomes for 100% TPP students and complete measurement map and randomized control trial (RCT) plan with Harvard; hire Data & Evaluation Associate

CEO Statement

 

Board Chair Statement

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Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
GREATER BOSTON REGION, MA

The Possible Project serves high school students who attend the three public high schools in Cambridge, Massachusetts and students at Madison Park Technical Vocational High School in Roxbury.  

Organization Categories

  1. Education - Educational Services
  2. Youth Development - Youth Development-Business
  3. Employment - Employment Preparation & Procurement

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Under Development

Programs

The Possible Project Youth Entrepreneurship Program

Our Youth Entrepreneurship Program is an out-of-school-time program that engages students in a variety of entrepreneurial lessons and activities. This program is designed to close the skills and opportunities gap facing our students by providing resources and support that make them more likely to finish high school, complete education and training beyond high school, and enter careers that will provide them with a living wage. Over the course of three years (10th - 12th grades) and six progressive levels, TPP provides students with the resources, space, and support required to:

 

  • Gain skills necessary for lifelong success;
  • Learn business and entrepreneurial skills;
  • Launch and run their own businesses;
  • Gain work experience;
  • Explore a wide range of businesses and careers; and
  • Plan their post-high school pathways.

 

Our program is comprised of the following core components: Entrepreneurship Curriculum, Student Ventures, In-House Businesses, and Pathways Advising.

 


 

Budget  $1,184,413.00
Category  Education, General/Other Afterschool Enrichment
Population Served Adolescents Only (13-19 years) At-Risk Populations
Program Short-Term Success 

1. Students will have gained business knowledge and skills.

2. Students will have learned and improved 21st Century skills.

3. Students will have gained work experience.

4. Students will have gained ability to articulate educational and career goals.

5. Students will have worked collaboratively to create and pitch a business plan.

6. Students will have developed and launched their own independent or team business venture.

7. Students will have gained exposure to various career paths.

8. Students will continue to be enrolled in high school and maintain an above-average grade level.

9. Student will show improved attitudes in confidence/self-esteem, trust, and social consciousness.

Program Long-Term Success 
The long term success ideal is for all of our students to use the skills they learn at The Possible Project to move through a high-level career path and work to improve their communities as gainfully employed self-sufficient adults. 
Program Success Monitored By 
We are in the process of consulting with partners, including the Dean of the Graduate School at Babson College, to format an evaluation plan including a longitudinal study by an independent evaluation team.
Examples of Program Success 
TBD.

Youth Entrepreneurship Program Level I

Our six levels are each 12 weeks in duration, offered three times per year (trimesters in spring, summer, and fall). Levels I, II, and III (10th and 11th grades) each are 60 hours of formal programming (5 hours spread over 2 days/week). Levels IV, V, and VI (11th and 12th grades) each are 30 hours of formal programming (2.5 hours/week). Students also take part in voluntary Student Venture Business Hours twice per week, which can total eight additional hours.

Students in Levels I and II take part in our Entrepreneurship Curriculum where they participate in non-traditional learning sessions, work with volunteer Business Advisors, attend field trips to local businesses, and hear from guest entrepreneurs. Level I provides specific activities and structure for students to be introduced to entrepreneurship and business skills that they then apply to their chosen ventures, such as defining entrepreneurship, figuring cost per product, conducting competitive analysis, and more.


Budget  $0.00
Category  Education, General/Other Afterschool Enrichment
Population Served Adolescents Only (13-19 years) At-Risk Populations
Program Short-Term Success 
Level One:
1. Students will acquire business knowledge and skills.
2. Students will acquire basic 21st century skills (TPP measures and tracks the following six 21st century skills: 1) initiative and self-direction, 2) communication and collaboration, 3) creativity and innovation, 4) critical thinking and problem solving, 5) leadership and responsibility, and 6) financial responsibility.)
3. Students will acquire work-ready skills.
Level Two:
1. Students will progress in their business knowledge and skills.
2. Students will have improved 21st century skills.
3. Students will increase their work-ready skills.
Program Long-Term Success 
The long term success ideal is for all of our students to use the skills they learn at The Possible Project to move through a high-level career path and work to improve their communities as gainfully employed self-sufficient adults. 
Program Success Monitored By 

We are in the process of consulting with partners, including the Dean of the Graduate School at Babson College, to format an evaluation plan including a longitudinal study by an independent evaluation team.

Examples of Program Success 

An example of success through Level Two is illustrated by the progress of P.T, a 10th grade student from Cambridge Rindge & Latin School. When P.T. came to The Possible Project in October 2011 he was uncomfortable around other students and usually spent his time playing video games on his own.  P.T. was interested in starting a business to make money because his family struggles financially, however he did not engage well with other students and had a lack of self-confidence.  TPP staff met P.T. on his level and guided him through the curriculum and encouraged collaboration. P.T. worked hard and never missed a session. As a result, P.T. started an online consignment business with a fellow student and has excelled in his work with the in-house business We Sell Possible, where he is part of a four-person team.  At the end of Level Two in May 2012, P.T. had significantly increased scores on all 21stcentury skills and had shown himself to be a true leader. 


Youth Entrepreneurship Program- Level II

During Level II, students begin to run their businesses. The 24 session semester allots 12 sessions for business planning and operations and another 12 to continued learning and application of more advanced business skills and strategies for success. These include sales, customer service, quality control, supply and demand, cross-promotional marketing and more. Students begin to create action plans where they set concrete goals for the day and measure their status of completion. Each level culminates with a formal Pitch Panel at which each venture presents their business concept to a three-member panel that provides feedback and decides how to distribute a small investment amount among the budding enterprises.

Budget  $0.00
Category  Education, General/Other Afterschool Enrichment
Population Served Adolescents Only (13-19 years) At-Risk Populations
Program Short-Term Success 
1. Students will have further progressed in their business knowledge and skills.
2. Students will possess advanced 21st century skills.
3. Students will have utilized their work-ready skills.
Program Long-Term Success 
The long term success ideal is for all of our students to use the skills they learn at The Possible Project to move through a high-level career path and work to improve their communities as gainfully employed self-sufficient adults. 
Program Success Monitored By 
We are in the process of consulting with partners, including the Dean of the Graduate School at Babson College, to format an evaluation plan including a longitudinal study by an independent evaluation team.
Examples of Program Success 
TBD.

Youth Entrepreneurship Program- Levels III and IV

Level III students continue to run their business by also completing action plans each day and devoting more time to develop business operations strategies. Level III students learn advanced business topics and strategies that they then apply to their culminating Pitch Panel to high-level professionals who can award each venture up to $500 to invest in their business. These presentations are often off-site in a corporate boardroom. Students in Levels III and IV can choose to run their student venture or focus on participating in TPP’s In-House Businesses. Beginning in Level IV, students are eligible to apply to be Teaching Assistants for a Level I group. 

Budget  $0.00
Category  Education, General/Other Afterschool Enrichment
Population Served Adolescents Only (13-19 years) At-Risk Populations
Program Short-Term Success 

Level Four:

1. Students will have applied their business knowledge and skills.

2. Students will have demonstrated 21st century skills.

3. Students will have continued to apply their work-ready skills.

4. Students will have gained awareness of potential post-secondary education and career paths.

Level Five:

1. Students will illustrate business knowledge and skills.

2. Students will have integrated 21st century skills.

3. Students will have exemplified work-ready skills.

4. Students will have increased understanding of potential post-secondary education and career paths.

Level Six:

1. Students will have independently applied business knowledge and skills.

2. Students will have exemplified 21st century skills.

3. Students will have increased synthesis of potential post-secondary education and career paths.

Program Long-Term Success 

The long term success ideal is for all of our students to use the skills they learn at The Possible Project to move through a high-level career path and work to improve their communities as gainfully employed self-sufficient adults. 

Program Success Monitored By 

We are in the process of consulting with partners, including the Dean of the Graduate School at Babson College, to format an evaluation plan including a longitudinal study by an independent evaluation team.

Examples of Program Success 
TBD

Youth Entrepreneurship Program- Levels V and VI

Business Operations continue into Levels V and VI, but during these levels students spend more than half of their programming time on Pathways Advising. Pathways Advising is integrated into all levels of programming. Students continuously work on a Pathways Plan, as well as activities designed to make them aware of their post-secondary possibilities. In the Pathways Plan students will have to articulate their post-high school aspirations; reflect on their strengths and areas for improvement; and list the steps for reaching their post-high school goals. Students will take periodic field trips to post-secondary institutions and businesses to increase their awareness of post-high school options. Additionally, “C-Shuffles” (Career Shuffles) will provide students with the opportunity to meet with professionals working in varied industries within a short time-frame, broadening students’ awareness of career opportunities, and the level of education required to enter the field.

Budget  $0.00
Category  Education, General/Other
Population Served Adolescents Only (13-19 years) Adults
Program Short-Term Success 

1. Alumni will be gainfully employed and self-sufficient.

2. Alumni will give back to their communities.

3. Alumni will maintain a sense of community with and connection to The Possible Project.

Program Long-Term Success 

The long term success ideal is for all of our students to use the skills they learn at The Possible Project to move through a high-level career path and work to improve their communities as gainfully employed self-sufficient adults. 

Program Success Monitored By 

We are in the process of consulting with partners, including the Dean of the Graduate School at Babson College, to format an evaluation plan including a longitudinal study by an independent evaluation team.

Examples of Program Success 
TBD

CEO/Executive Director/Board Comments

 

The Possible Project differs from other youth development organizations by delivering programming that is high-touch, non-traditional, and responsive to the unique needs of each student.

  • High Touch – When it comes to serving students, TPP has chosen depth over breadth. There is a small student to teacher ratio (8:1), and the program is three full years, offering teens a stable source of long-term support while they mature, grow, and explore their future opportunities.
  • Non-Traditional – All of TPP’s lessons are accompanied by opportunities for experiential application of the concepts learned. Topics are discussed in a fun and interactive manner, whether through the use of games or pop culture references. Also setting TPP apart from other organizations, students are provided with a small cash stipend for their active participation and engagement. This incentive is especially important because the majority of TPP’s students come from low-income households. Another non-traditional piece of the TPP model is all instruction is conducted by highly educated full-time staff who have been trained in education, business, and youth development, as opposed to many comparable programs that exclusively utilize volunteers. Last, unlike other youth organizations that teach entrepreneurship in a theoretical fashion, TPP students actually launch and run business ventures of their own design out of TPP’s space, and are thus able to learn the lessons and skills needed to develop that entrepreneurial spirit through practice rather than hypothetical or short-term experiences.
  • Individualized – TPP is able to work with each student in a manner that best addresses his or her particular needs and assets. We recognize that the post-high school pathway will look different for each young person. As such, we help students connect to whichever post-secondary opportunity is most appropriate, whether it be a four-year university, community college, or a one-year training program.

Management


CEO/Executive Director Mrs. Becky Levin
CEO Term Start May 2014
CEO Email [email protected]
CEO Experience


Becky Levin was named Executive Director of The Possible Project in May 2014. A Co-Founder and Board Member of TPP, Becky brings three decades of business experience to the role, in addition to a strong background in non-profit philanthropy.  As the organization operates using a hybrid model of management, marrying the best of the non-profit and for-profit worlds, Becky is uniquely suited to leading the team. She founded Levin and Company, a search consulting firm with five domestic offices and an international affiliate, which she ran as CEO and then Executive Chairman.  She also serves as an Honorary Board Member for The Schwartz Center for Compassionate Healthcare and is on the Board of Trustees for Partners In Health.  Becky has worked internally with TPP from the onset in various capacities, including as an Entrepreneur-In-Residence, General Manager of Cambridge Made Possible, and Chief Business Officer, before being named Executive Director. 


The Possible Project came into existence thanks to the dream of Becky and her husband Mark Levin of creating a place where underprivileged young people could become entrepreneurs.  Becky believes that high-touch, individualized programming focusing on skills relating to career readiness in the 21st century economy can truly change the trajectory of students' lives.

Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Mr. Robert Finnegan VP, Business Development and Employment Alliances --
Ms. Gretchen Fougere Ph.D VP, Education --
Mr. Josh Furguson Ph.D VP, Evaluation and Learning --
Ms. Nancy Jones Vice President, Development and Partnerships --

Awards

Award Awarding Organization Year
2018 Champion in Action Citizens Bank 2018
City Council Resolution recognizing the important work of The Possible Project City of Cambridge 2011

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

The Possible Project has partnerships with public entities including Cambridge Rindge & Latin School (CRLS), Community Charter School of Cambridge (CCSC), Prospect Hill Academy Charter School (PHA), the City of Cambridge, Cambridge Housing Authority and Madison Park Technical Vocational High School.

Collaborations with businesses and institutions that provide ongoing programming or strategic assistance and/or volunteers include CIC f/k/a Cambridge Innovation Center, Eastern Bank, Danger!Awesome, Babson College F.W. Olin Graduate School of Business B-Cause, Tufts University Institute of Applied Research in Youth Development, Boston Architectural College, Cambridge Savings Bank, Cambridge Local First, and Harvard Square Business Association.

 

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 27
Number of Part Time Staff 7
Number of Volunteers 300
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 5
Asian American/Pacific Islander: 2
Caucasian: 19
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 1
Other (if specified): --
Gender Female: 14
Male: 13
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan Under Development
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. Mark Levin
Board Chair Company Affiliation Partner and Founder, Third Rock Ventures
Board Chair Term Oct 2017 - Oct 2018
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Glenn Batchelder Retired, CEO Civitas Therapeutics Voting
Ms. Cynthia A. Harmon Assistant Head for Program and Professional Development, The Park School, Brookline, MA Voting
Mrs. Becky Levin Founder, Levin & Company Voting
Mr. Mark Levin Partner and Founder, Third Rock Ventures Voting
Mr. Jay Moody Teacher & Maker Guru, Wayland High School Voting
Ms. Maria Z. Mossaides JD, MPA Child Advocate, Commonwealth of Massachusetts Voting
Mr. Laurence Reid PhD CEO, Warp Drive Bio Voting
Mr. Steve Singer JD Partner, WilmerHale Voting
Mr. Bob Tepper MD Founder & CEO, Third Rock Ventures Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 8
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 6
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation No

Standing Committees

  • Audit, Compliance and Controls
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Human Resources / Personnel
  • Program / Program Planning

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Income $4,600,000.00
Projected Expense $4,600,000.00
Form 990s

2016 Form 990

2015 Form 990

2014 Form 990

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2016 Audited Financials

2015 Audited Financials

2014 Audited Financials

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 2015 2014
Total Revenue $3,073,746 $2,631,628 $2,647,907
Total Expenses $3,238,471 $2,235,062 $1,979,078

Prior Three Years Revenue Sources

Fiscal Year 2016 2015 2014
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- $0 $0
Individual Contributions $2,725,030 $2,082,159 $2,215,212
Indirect Public Support -- $0 $0
Earned Revenue $120,776 $108,697 $82,124
Investment Income, Net of Losses $89 $37 $51
Membership Dues -- $0 $0
Special Events $227,851 $440,735 $350,520
Revenue In-Kind -- -- --
Other -- $0 $0

Prior Three Years Expense Allocations

Fiscal Year 2016 2015 2014
Program Expense $2,273,401 $1,426,626 $1,259,949
Administration Expense $498,382 $355,513 $419,185
Fundraising Expense $466,688 $452,923 $299,944
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.95 1.18 1.34
Program Expense/Total Expenses 70% 64% 64%
Fundraising Expense/Contributed Revenue 16% 18% 12%

Prior Three Years Assets and Liabilities

Fiscal Year 2016 2015 2014
Total Assets $2,001,133 $2,110,444 $1,120,384
Current Assets $937,520 $1,075,204 $969,281
Long-Term Liabilities $541,578 $625,000 $0
Current Liabilities $370,469 $231,633 $203,266
Total Net Assets $1,089,086 $1,253,811 $917,118

Prior Three Years Top Three Funding Sources

Fiscal Year 2016 2015 2014
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy N/A
Percentage(If selected) --
Credit Line No
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose TPP will embark on a capital campaign to fund the build-out of TPP's Makerspace in Boston.
Campaign Goal --
Capital Campaign Dates Apr 2019 - Sept 2021
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2016 2015 2014
Current Ratio: Current Assets/Current Liabilities 2.53 4.64 4.77

Long Term Solvency

Fiscal Year 2016 2015 2014
Long-term Liabilities/Total Assets 27% 30% 0%

CEO/Executive Director/Board Comments

--

Foundation Comments

Financial summary data in the charts and graphs above is per the organization's IRS Form 990.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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