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EIN 85-3989363

Possibility Labs

IRS 501(c) type
501(c)(3)
Num. employees
38
City
San Francisco
State
California
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
P20: Human Service Organizations
Description
Our mission is to co-create a new economy where black, indigenous, people of color, and historically low-income communities have the power of self-determination.
Total revenues
$46,742,841
2022
Total expenses
$20,919,752
2022
Total assets
$30,143,060
2022
Num. employees
38
2022

Program areas at Possibility Labs

Under the organization's fiscal sponsor program, the organization hosts individual projects which are value-aligned with the mission of the organization as fiscally-sponsored projects, and supports them by implementing the project's charitable and educational programs, including providing administrative services, including accounting, finance, human resources, and it management.

Grants made by Possibility Labs

GranteeGrant descriptionAmount
Seed CommonsGeneral Operating Support$500,000
Urban TilthGeneral Operating Support$500,000
Asian Pacific Environmental Network (APEN)General Operating Support$400,000
...and 100 more grants made totalling $9,265,200

Who funds Possibility Labs

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kataly FoundationCharitable Activities$10,600,000
F. B. Heron FoundationProject-Based$4,160,000
Chan Zuckerberg Initiative FoundationCalifornia Community Ownership Pooled Fund$3,000,000
...and 56 more grants received totalling $29,661,957

Personnel at Possibility Labs

NameTitleCompensation
Keiko MuraseChief Executive Officer$229,266
Kelsey BakerChief of Staff$39,247
Jill SmithVice President of Operations
Jaimee EstrellerVice President of Marketing and Communications$178,007
Masako KalbachVice President of People Opns$147,284
...and 2 more key personnel

Financials for Possibility Labs

RevenuesFYE 12/2022
Total grants, contributions, etc.$44,743,879
Program services$1,985,697
Investment income and dividends$29
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$8,860
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$1,330
Miscellaneous revenues$3,046
Total revenues$46,742,841

Form 990s for Possibility Labs

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF

Organizations like Possibility Labs

OrganizationLocationRevenue
SisterSongAtlanta, GA$22,272,980
Moore ImpactDenver, CO$19,073,408
Edward Charles FoundationBeverly Hills, CA$39,861,685
Sagamore InstituteIndianapolis, IN$15,197,658
American Bar EndowmentChicago, IL$17,335,082
Alliance for Early SuccessWashington, DC$14,007,365
Social Good FundRichmond, CA$95,226,685
Fair Food NetworkDetroit, MI$14,278,165
Family League of Baltimore CityBaltimore, MD$24,596,304
AARP FoundationWashington, DC$203,216,966
Data update history
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 21 new grant, including a grant for $567,405 from Community Initiatives
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 18, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Social advocacy organizationsHuman service organizationsCharities
Issues
Human servicesPublic policy
Characteristics
Operates donor advised fundsProvides grantsTax deductible donationsFiscal sponsor
General information
Address
1410 Franklin St 135
San Francisco, CA 94109
Metro area
San Francisco-Oakland-Berkeley, CA
Website URL
possibilitylabs.org/ 
Phone
(213) 408-0508
IRS details
EIN
85-3989363
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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