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Posse Foundation

 45 Franklin Street, 3rd Floor
 Boston, MA 02110
[P] (212) 523-4478
[F] (212) 405-1697
www.possefoundation.org
[email protected]
Andrew Gallagher
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INCORPORATED: 1989
 Printable Profile (Summary / Full)
EIN 13-3840394

LAST UPDATED: 02/15/2017
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

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Mission StatementMORE »

The Posse Foundation is one of the nation’s premier college access, scholarship, leadership development and workforce diversification organizations.
 
The Posse model works for both students and college campuses and is rooted in the belief that a small, diverse group of talented students—a Posse—carefully selected and trained, can serve as a catalyst for increased individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that the leaders of this new century should reflect the country’s rich demographic mix and that the key to a promising future for our nation rests on the ability of strong leaders from diverse backgrounds to develop consensus solutions to complex social problems. One of the primary aims of the Posse program is to train these leaders of tomorrow.

Mission Statement

The Posse Foundation is one of the nation’s premier college access, scholarship, leadership development and workforce diversification organizations.
 
The Posse model works for both students and college campuses and is rooted in the belief that a small, diverse group of talented students—a Posse—carefully selected and trained, can serve as a catalyst for increased individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that the leaders of this new century should reflect the country’s rich demographic mix and that the key to a promising future for our nation rests on the ability of strong leaders from diverse backgrounds to develop consensus solutions to complex social problems. One of the primary aims of the Posse program is to train these leaders of tomorrow.


FinancialsMORE »

Fiscal Year Jan 01, 2017 to Dec 31, 2017
Projected Income $19,975,340.00
Projected Expense $20,623,138.00

ProgramsMORE »

  • The Posse Program (Boston Chapter)

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

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


Overview

Mission Statement

The Posse Foundation is one of the nation’s premier college access, scholarship, leadership development and workforce diversification organizations.
 
The Posse model works for both students and college campuses and is rooted in the belief that a small, diverse group of talented students—a Posse—carefully selected and trained, can serve as a catalyst for increased individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that the leaders of this new century should reflect the country’s rich demographic mix and that the key to a promising future for our nation rests on the ability of strong leaders from diverse backgrounds to develop consensus solutions to complex social problems. One of the primary aims of the Posse program is to train these leaders of tomorrow.


Background Statement

Over the past 28 years, The Posse Foundation has recruited and identified over 7,700 students from some of the largest public school systems in the country. These students have earned over $1.1billion in leadership scholarships from Posse’s 57 top-tier partner colleges and universities. Most notably, Posse Scholars persist and graduate at a rate of 90 percent from some of the country’s most competitive institutions—significantly higher than the national average—and enter the workforce with the tools they need to excel.

Posse recruits high school seniors in teams of 10. Each new cohort trains together before going to college. Once on campus, each team of Scholars has a mentor to support and advocate for them. Posse staff visit campus, maintain close contact with Scholars and mentors, and host a retreat for each college to strengthen the campus community. Posse also provides career services and access to internships for Scholars and jobs for alumni. With this ongoing support from The Posse Foundation, their colleges, and each other, Scholars maintain an extraordinary college persistence and graduation rate of 90 percent.

In Boston, since 1999, Posse has welcomed more than 800 young leaders who have earned more than $106 million in scholarships. There are now more than 3,600 Posse alumni nationwide and over 500 from Posse Boston, and this number will grow every year.

The Posse Foundation’s ultimate goal is to build a new kind of professional leadership network, one that this country has never seen before, and one that will more accurately represent the demographics of the nation. As such, every component of the Posse program is geared towards identifying young leaders and preparing them for future leadership roles on a college campus and ultimately, in the workforce. Posse Scholars do not just attend top institutions of higher education. They lead, they thrive, they change the dynamic of their campus communities, they support one another, they graduate, and they move into the pipeline to positions of leadership nationwide.

Impact Statement

In 2016, Posse was proud to announce that Scholars have now earned over $1 billion in merit scholarships at our partner colleges and universities.

Last year Posse continued to expand its college and university partnerships adding new partners Wellesley College and Carnegie Mellon University.  Boston University also signed on to add a second Posse to their campus community.
 
Additionally, Posse strengthened its graduate school affiliate program, adding Cornell Law School and University of Virginia Law School to a growing list of graduates schools offering scholarships to Posse Scholars.
In the year ahead Posse Boston looks forward to the graduation of its first STEM Posse at Bryn Mawr College.  
 
We will also add Posses to our nation's most selective colleges on our way to recruiting 1,000 Scholars per year by 2020.
 
Posse will continue to focus on maintaining the 90% persistence and graduation rate of our outstanding Scholars. 
 
 

Needs Statement

The Posse Foundation recently engaged in a strategic growth plan focused on ensuring the safe expansion of Posse’s model. As part of the plan, research confirmed that the need from top-tier institutions for high-achieving, underrepresented students significantly exceeds the number of such youth these colleges are able to recruit, reaffirming the need for the Posse program. Posse’s college partners are vital. These liberal arts and research institutions provide a full-tuition scholarship to each student in every Posse they admit and work closely with The Posse Foundation to ensure the success of each Scholar and the Posse program on campus. In order to serve more youth each year, the recruitment of new partners is a critical need.
In addition, Posse relies on the support of foundations, corporations, and individuals; approximately 80 percent of Posse’s annual revenue comes from these sources. Posse also partners with more than 120 industry-leading firms and organizations that provide meaningful summer internships for Scholars. As the number of Posse alumni grows each year (there are now over 500 alumni in Boston alone), The Foundation is always seeking new partners interested in hiring diverse and talented youth.

CEO Statement


Board Chair Statement


Geographic Area Served

Throughout the United States
GREATER BOSTON REGION, MA
NATIONAL

Posse is a national initiative with city sites in Atlanta, the Bay Area, Boston, Chicago, Houston, Los Angeles, Miami, New Orleans, New York and Washington, D.C.

Organization Categories

  1. Education - Scholarships & Student Financial Aid
  2. Youth Development - Youth Development Programs
  3. -

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 Posse Program (Boston Chapter)

Posse achieves its mission through five components: Dynamic Assessment Process-unique student recruitment and selection method; Posse Access-online database that connects students who are nominated, but not selected for Posse Scholarships, to the Foundation’s partner colleges who can consider them for admission outside of the Posse program; Pre-Collegiate Training Program: weekly workshops for new Scholars, from January to August of their senior year in high school, on team building and group support, cross-cultural communication, leadership, and academic excellence; Campus Program-supports retention through on-campus mentor for Scholars, multiple campus visits by Posse staff, and the hosting of an annual retreat for the student body, faculty, and administration to discuss an important campus issue; and Career Program-helps Scholars transition from being leaders on campus to becoming leaders in the workforce by providing Career Services, the Internship Program, and the Alumni Network.

Budget  $1,510,593.00
Category  Youth Development, General/Other Youth Leadership
Population Served Adolescents Only (13-19 years) Adults
Program Short-Term Success 

In 2015, The Posse Foundation will serve hundreds of deserving urban youth at its ten chapters. Most recently, more than 15,000 students were nominated for the Posse program across the nation, with more than 1,300 nominations received by Posse Boston. Nationally, over 600 youth were selected and earned more than $80 million in full-tuition leadership scholarships. Of those, 60 will hail from the Boston area, and these students will earn over $11 million in Posse Scholarships. The approximately 240 Boston Scholars on campus will support one another and will be supported, individually and collectively, by The Posse Foundation and its college partners. All of these Scholars and the more than 400 Posse Boston Alumni will have access to career development resources and opportunities, and Posse Scholars will persist and graduate from college at the rate of 90 percent.

Program Long-Term Success 

The Posse Foundation has a bold idea—to create a new kind of network of leaders who will sit at the tables where decisions are made and better represent all Americans. Posse accomplishes this by finding talented youth; connecting them with colleges; providing them with training and support; offering them professional opportunities; and allowing them to fulfill their potential. These students persist and gradute at a rate of 90 percent.

Ultimately, Posse is measured by its Scholars and Alumni—their success and impact. In college, they are class presidents, honor society members, resident advisors, campus club officers, volunteers, interns, academic award winners, campus senators, webmasters, tutors, and athletes. Posse Boston Alumni are doctors, program directors, researches, teachers, financial analysts, graduate school students, and Posse staff members. They have and will continue to make their mark on colleges, the local community, and the nation.

Program Success Monitored By 

Self-assessment is of utmost importance to ensure the continued effectiveness and sustainability of The Posse Foundation. Posse’s impact is evaluated through the on-going collection of quantitative and qualitative data. The Foundation tracks the number of students nominated for Posse scholarships, Scholar demographics, number of students in Pre-Collegiate Training, on-campus, and in the workforce as well as the persistence and graduation rate of Scholars. Annually, Scholars, mentors, staff, board, local high schools, community-based organizations, universities, and Career Program internship partners are asked for feedback on program effectiveness as well as Scholar and Alumni progress and achievements. Posse also recently completed installation of a database that allows it to better track important evaluation criteria and further expand its data collection capabilities. Most notably, Posse’s 90 percent retention and graduation rate is the most powerful quantitative measurement.

Examples of Program Success 

To date, The Foundation's partner institutions have awarded more than 6,200 scholarships estimated at a value of more than $805 million. Since it began in 1999, the Boston chapter has selected more than 750 youth who have earned over $95 million in scholarships. In addition, Posse Boston reached a milestone in 2011 when it hit full capacity: each of its six college partners have four teams of Scholars on campus and one in Pre-Collegiate Training. Posse Boston now serves 300 students every year. But, the most powerful evidence of Posse's success comes from participants, like the Boston Scholar who said, “Earning this scholarship meant everything to me because, before Posse, my family and I thought that going to college was an impossible goal. This scholarship has completely changed my life and the lives of my family members. Not only have I been granted the opportunity to graduate from a top liberal arts college, but Posse has also opened doors to a brighter and bigger career.”


CEO/Executive Director/Board Comments

Management


CEO/Executive Director Ms. Deborah Bial
CEO Term Start Jan 1989
CEO Email [email protected]
CEO Experience Deborah has her master's and doctoral degrees with a focus on administration, planning, and social policy in higher education from Harvard University. She has trained hundreds of young people, established relationships with top college faculty and administrators, and developed partnerships that have led to more than $480 million in scholarships for urban youth. She is also the recipient of the MacArthur "Genius" Fellowship for her work with The Posse Foundation. She has honorary doctorates from Babson College, DePauw University, Denison College, Dickinson College, Franklin & Marshall College, Lafayette College, Middlebury College, Sewanee: The University of the South, Trinity College, and Wheaton College.
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
Ms. Rosanna Aybar Chief Financial Officer/Chief Administrative Officer --
Ms. Regina Bain Associate Vice President --
Mr. Rico Blancaflor Vice President of Strategic Projects --
Mr. Matthew Fasciano Chief Operating Officer --
Mr. Andrew Gallagher Director, Posse Boston --
Dr. Lamont Gordon Associate Vice President --
Ms. Hedy Roma Vice President of Development --
Mr. Rassan Salandy Vice President for External Affairs --

Awards

Award Awarding Organization Year
Posse was one of 10 nonprofits around the world to receive a portion of the President's Nobel Peace Prize Award money President Barack Obama 2010
Posse President and Founder Deborah Bial was invited to represent the Posse Foundation Clinton Global Initiative 2007
Posse President and Founder Deborah Bial was named a MacAthur Foundation Fellow for her work The John D. and Catherine T. MacArthur Foundation 2007

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

Posse works closely with community and business partners to provide local students with incredible academic, leadership and professional development opportunities. We work with an extensive nominating network of urban high schools and community-based organizations that help us identify promising high school students for the Posse program. Through these strategic partnerships, Posse picks up where these organizations leave off and creates a pathway to higher education for thousands of students each year. We also work with our corporate partners to provide summer internships and other important professional development opportunities to Scholars. These opportunities are instrumental in helping Scholars transition from being leaders in college to leaders in the workforce.

CEO/Executive Director/Board Comments

Foundation Comments

--

Staff Information

Number of Full Time Staff 175
Number of Part Time Staff 0
Number of Volunteers 1,100
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 30
Asian American/Pacific Islander: 8
Caucasian: 39
Hispanic/Latino: 21
Native American/American Indian: 0
Other: 3
Other (if specified): Two or more races
Gender Female: 69
Male: 31
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 5
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy --
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. Timothy Ubben
Board Chair Company Affiliation Retired Founder and Chairman, Lincoln Capital Management
Board Chair Term Jan 2016 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Michael Ainslie Chair Emeritus Vanderbilt University Voting
Mr. Michael Beckwith Maverick Capital Voting
Ms. Robbie Oxnard Bent Private Sector Voting
Mr. Alan Berro Capital World Investor Voting
Ms. Deborah Bial Posse Foundation NonVoting
Mr. Peter E. Blacker NBCU Hispanic Enterprises & Contect Voting
Mr. Alastair Borthwick Bank of America Voting
Ms. Donella P. Brockington Xerox State & Local Solutions, Inc. Voting
Mr. Alberto Carvalho Miami-Dade County Public Schools Voting
Ms. Anne Chwat International Flavors & Fragrances Voting
Dr. Scott Cowen Tulane University Voting
Annie Drapeau Moderna Therapeutics Voting
Mr. Richard D. Fain Royal Carribean Cruise Ltd. Voting
Mr. Harold Ford, Jr. Morgan Stanley Voting
Mr. Steve Gallucci Deloitte Voting
Ms. Michele Ganeless Media Consultant Voting
Mr. Jonathan Glickman Metro-Goldwyn-Mayer Pictures Inc. Voting
Ms. Kelly Granat Lone Pine Capital Voting
Mr. James S. Hoyte ADS Ventures Voting
Ms. Barbara Janulis Private Sector Voting
Mr. Michael Kluger Altaris Voting
Mr. Steven Lefkowitz Private Sector --
Mr. Chris Lord Criterion Capital Management LLC Voting
Ms. Diane B. Patrick, Esq. Ropes & Gray LLP Voting
Mr. Philip M. Pead Secretary Progress Software Voting
Mr. Charles Phillips Infor Voting
Mr. Dan Pickering Tudor, Pickering, Holt & Co. Voting
Mr. William A. Plapinger Sullivan & Cromwell LLP Voting
Mr. Juan Rajlin MasterCard Voting
Ms. Susan Scher Treasurer Goldman, Sachs & Co. Voting
Mr. Glen T. Senk Front Row Partners LLC Voting
Mr. Frank Sesno CNN; George Washington University Voting
Mr. Eugene B. Shanks, Jr. Private Sector Voting
Mr. Brad Singer Discovery Communications Voting
Mr. Mark Taylor Capital Group Private Client Services Voting
Dr. David A. Thomas Georgetown University McDonough School of Business Voting
Mr. Jeffrey Ubben Chair Emeritus ValueAct Capital Voting
Mr. Timothy Ubben Chair Lincoln Capital Management Voting
Mr. James Wilcox Goldman, Sachs & Co. Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Ms. Lynn Blake State Street NonVoting
Mr. T. Michael Brock Barclays Capital NonVoting
Ms. Sakeenah Chapman The Patrick Lyndon School NonVoting
Mr. Kenneth DiPietro Biogen NonVoting
Ms. Annie Seibold Drapeau Boston Chairman; Bain Capital NonVoting
Mr. Churchill G. Franklin Acadian Asset Management NonVoting
Ms. Linda Tilton Gibson OMAM NonVoting
Ms. Amy Hurwitz Gutschenritter Bank of America Merchant Services NonVoting
Mr. James S. Hoyte ADS Ventures NonVoting
Ms. Barbara Kates-Garnick Tufts University NonVoting
Ms. Susan McSwain Corporate Counsel NonVoting
Mr. Kidus Mezgebu Harvard University NonVoting
Mr. Paul T. Quistberg Fidelity Investments NonVoting
Ms. Melissa Reilly Fidelity Investments NonVoting
Ms. Catherine A. Saunders Putnam Investments NonVoting
Mr. Marcus L. Smith MFS Investment Management NonVoting
Mr. Geoff Tuff Deloitte NonVoting

Board Demographics

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

Board Information

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

Standing Committees

    --

CEO/Executive Director/Board Comments

      

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $16,969,957 $22,806,762 $37,869,441
Total Expenses $20,771,417 $19,028,324 $16,111,924

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $9,825,849 $12,557,221 $25,736,240
Indirect Public Support -- -- --
Earned Revenue $3,336,529 $3,564,733 $2,399,672
Investment Income, Net of Losses $-1,717,853 $1,405,402 $6,010,937
Membership Dues -- -- --
Special Events $4,876,543 $4,890,522 $3,416,561
Revenue In-Kind $648,889 $388,884 $306,031
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $15,966,525 $14,462,643 $11,918,570
Administration Expense $2,459,501 $2,301,166 $2,084,370
Fundraising Expense $2,345,391 $2,264,515 $2,108,984
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.82 1.20 2.35
Program Expense/Total Expenses 77% 76% 74%
Fundraising Expense/Contributed Revenue 16% 13% 7%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $83,698,007 $87,519,971 $83,385,162
Current Assets $74,553,348 $60,935,667 $56,511,568
Long-Term Liabilities $606,038 $567,666 $574,430
Current Liabilities $2,253,163 $2,312,039 $1,948,904
Total Net Assets $80,838,806 $84,640,266 $80,861,828

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $25,000,000.00
Spending Policy --
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 --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 33.09 26.36 29.00

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 1% 1% 1%

CEO/Executive Director/Board Comments

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's audited financials. Contributions from foundations and corporations are listed under individuals as the breakdown was not available.
 
This organization is a local chapter of a national organization.  The financial data provided in the charts for the previous three years reflects this organization's national operations, as do their audits and 990s.  Please contact the nonprofit for local financial information. 

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?



2. What are your strategies for making this happen?



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



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