Possible Futures Inc, Possible Futures in Atlanta, Georgia (GA)

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Possible Futures Inc, Possible Futures
Employer Identification Number (EIN)273267136
Name of OrganizationPossible Futures Inc
Secondary NamePossible Futures
In Care of NameLouis Corrigan
Address2418 Glenwood Dr Ne, Atlanta, GA 30305-4341
SubsectionCharitable Organization
Ruling Date02/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,321
Amount of Income$218,932
Form 990 Revenue Amount$218,932
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Educational Services and Schools - Other


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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$218,932
Contributions, Gifts, Grants and Other Similar Amounts$211,502
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$7,430
Gross sales of inventory, less returns and allowances$7,430
Less: cost of goods sold$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$239,922
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$239,922
Balance Sheet (for 2011)
Total assets$15,321
Total liabilities$0
Total net assets or fund balances$15,321
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$321,602
Gifts, grants, contributions, and membership fees received$321,602
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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