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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: 04/23/2018
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 model benefits 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 enhanced individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that its leaders must reflect this rich demographic mix and, further, that the key to a promising future for our nation resides in 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.

Each component of the Posse program works toward one or more of the following three goals:

  •    To expand the pool from which top colleges and universities can recruit outstanding young leaders from diverse backgrounds.
  •     To help these institutions build more interactive campus environments so they can become more welcoming for students from all backgrounds.
  •    To ensure that Posse Scholars persist in their academic studies and graduate so they can take on leadership positions in the workforce.

Mission Statement

The Posse model benefits 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 enhanced individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that its leaders must reflect this rich demographic mix and, further, that the key to a promising future for our nation resides in 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.

Each component of the Posse program works toward one or more of the following three goals:

  •    To expand the pool from which top colleges and universities can recruit outstanding young leaders from diverse backgrounds.
  •     To help these institutions build more interactive campus environments so they can become more welcoming for students from all backgrounds.
  •    To ensure that Posse Scholars persist in their academic studies and graduate so they can take on leadership positions in the workforce.


FinancialsMORE »

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Income $23,498,881.00
Projected Expense $23,387,031.00

ProgramsMORE »

  • Posse Boston

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

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


Overview

Mission Statement

The Posse model benefits 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 enhanced individual and community development. As the United States becomes an increasingly multicultural society, Posse believes that its leaders must reflect this rich demographic mix and, further, that the key to a promising future for our nation resides in 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.

Each component of the Posse program works toward one or more of the following three goals:

  •    To expand the pool from which top colleges and universities can recruit outstanding young leaders from diverse backgrounds.
  •     To help these institutions build more interactive campus environments so they can become more welcoming for students from all backgrounds.
  •    To ensure that Posse Scholars persist in their academic studies and graduate so they can take on leadership positions in the workforce.


Background Statement

The Posse Foundation began in 1989 because of one student who said, “I never would have dropped out of college if I had my posse with me.” This simple idea became the basis for a national program to identify urban public high school students with exceptional leadership talents, who are capable of academic success, but fall outside the admissions criteria of highly selective institutions. Posse partners with 56 elite colleges and universities that award these students early admission and full-tuition, merit scholarships. Posse Scholars attend college in multicultural teams of 10 students – a posse – to provide critical peer support for one another. The comprehensive, year-round Posse Program ensures that Scholars persist and graduate with the knowledge, skills and resources they need to excel in meaningful careers and as leaders in the workforce and the community. Posse’s ultimate goal is to develop a new kind of national leadership network ─ one that embodies the wide range of experiences and perspectives that characterize America’s multicultural society.

Over the past 29 years, Posse has recruited and trained more than 7,700 Scholars from 10 of the nation’s largest metropolitan areas ─ Atlanta, Bay Area, Boston, Chicago, D.C., Houston, Los Angeles, Miami, New Orleans and New York ─ and from the pool of post-9/11 U.S. military veterans. These Scholars have been awarded $1.2 billion in scholarships by top-tier colleges and universities. Most notably, Posse Scholars have a graduation rate of 90% ─ far higher than the national average.

Today, Posse is supporting over 3,600 Scholars on the path to a college degree and career success and strengthening their leadership skills along the way. With more than 4,200 alumni nationwide, Posse is advancing toward its long-term goal of building a network of highly educated, motivated and influential leaders who more fully represent the diverse voices of our nation.

Posse Boston opened in 1999 and has served over 860 outstanding young leaders from local urban communities who have received $117.9 million in scholarships from our elite partner institutions. Today, Posse Boston counts more than 560 alumni, who are part of a dynamic leadership network benefiting the Greater Boston area.


Impact Statement

 

In 2017, Posse was proud to announce that Scholars have earned over $1.2 billion in merit scholarships from our partner colleges and universities.

Posse continued to expand its Veterans Program last year by signing on the University of Virginia as the program’s fourth partner college.

Posse Boston is proud to have maintained a persistence and graduation rate of 90% in 2017.

In the year to come, Posse will continue to develop partnerships with top-tier institutions to meet our goal of recruiting 1,000 Scholars a year by 2020.

Posse will continue to focus on maintaining the 90% persistence and graduation rate of our outstanding Scholars.

Posse Boston will continue to generate a nomination pool of over 1,300 extremely talented high school seniors for the Posse Scholarship each year. 


Needs Statement

The Posse Foundation’s current strategic growth plan focuses 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; over 80 percent of Posse’s annual revenue comes from these sources. Posse also partners with more than 175 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 580 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

Posse Boston

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  $1,589,995.00
Category  Youth Development, General/Other Youth Leadership
Population Served Adolescents Only (13-19 years) Adults
Program Short-Term Success 

In 2018, The Posse Foundation will serve hundreds of deserving urban youth at its ten chapters. Most recently, more than 17,000 students were nominated for the Posse program across the nation, with more than 1,400 nominations received by Posse Boston. Nationally, over 700 youth were selected and earned more than $140 million in full-tuition leadership scholarships. Of those, 60 hail from the Boston area, and these students will earn over $11.9 million in Posse Scholarships. The approximately 240 Boston Scholars on campus will support one another and will be supported, individually and collectively, by Posse Boston and its college partners. All of these Scholars and the more than 560 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 graduate 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 

The Posse program is continually evaluated for its effectiveness and the results are applied to content and process improvement. Program outcomes are measured through the ongoing aggregation and analysis of both quantitative data and qualitative evidence. Quantitative data collection and analyses are the responsibility of the Posse Institute, the research arm of the foundation. Examples of the data collected include the number of students nominated for Scholar positions, the demographics of Scholars, the number on campus, the number graduating and in the alumni network. Scholars’ grades are also tracked to monitor their academic progress. Qualitative evidence is collected from Posse Program staff and Scholars’ self-reports on activities and achievements. In addition, Posse regularly requests feedback from stakeholders (i.e., Scholars and alumni, college and university partners, mentors and coaches, staff and volunteers, career partners and others). The Posse National Training and Evaluation team manages the application of data outcomes to program and process improvement and ensures the quality and consistency of program delivery for the 10 program sites and the Veterans Program. Their work is informed by a thorough knowledge of leadership cultivation, college retention research and best practices.

Examples of Program Success 

To date, The Foundation's partner institutions have awarded more than 8,400 scholarships at a value of more than $1.2 billion. Since it began in 1999, the Boston chapter has selected more than 860 youth who have earned over $117.8 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 Bial 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. 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 --
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

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Staff Information

Number of Full Time Staff 169
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: 33
Asian American/Pacific Islander: 9
Caucasian: 28
Hispanic/Latino: 24
Native American/American Indian: 0
Other: 6
Other (if specified): Two or more races
Gender Female: 102
Male: 47
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. Brad Singer
Board Chair Company Affiliation Partner, ValueAct
Board Chair Term July 2017 -
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
Mr. Bill Rutledge Barclays Capital --
Ms. Catherine A. Saunders Putnam Investments NonVoting
Mr. Marcus L. Smith MFS Investment Management NonVoting
Mr. Ted Truscott -- --
Mr. Geoff Tuff Deloitte NonVoting
Mr. Warren Valdmanis Bain Capital Double Impact --

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 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $27,495,076 $21,864,016 $16,969,957
Total Expenses $23,541,417 $22,479,487 $20,771,417

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $11,826,343 $10,970,394 $9,825,849
Indirect Public Support -- -- --
Earned Revenue $3,482,167 $3,384,550 $3,336,529
Investment Income, Net of Losses $6,996,034 $2,843,855 $-1,717,853
Membership Dues -- -- --
Special Events $4,258,463 $3,807,894 $4,876,543
Revenue In-Kind $932,069 $857,323 $648,889
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $18,288,663 $17,127,055 $15,966,525
Administration Expense $2,743,598 $2,776,265 $2,459,501
Fundraising Expense $2,509,156 $2,576,167 $2,345,391
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.17 0.97 0.82
Program Expense/Total Expenses 78% 76% 77%
Fundraising Expense/Contributed Revenue 16% 17% 16%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $87,174,501 $83,256,943 $83,698,007
Current Assets $26,376,455 $28,787,320 $31,838,212
Long-Term Liabilities $0 $0 $0
Current Liabilities $2,997,507 $3,033,608 $2,859,201
Total Net Assets $84,176,994 $80,223,335 $80,838,806

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
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 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 8.80 9.49 11.14

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 0% 0% 0%

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?



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



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