EIN 85-3989363

Possibility Labs

IRS 501(c) type
501(c)(3)
Num. employees
58
Year formed
2020
Most recent tax filings
2023-12-01
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
$24,985,359
2023
Total expenses
$33,827,449
2023
Total assets
$21,615,149
2023
Num. employees
58
2023

Program areas at Possibility Labs

Possibility Labs provides scalable back-office operational and fund deployment services rooted in trust-based and non-extractive practices. Through our fiscal sponsorship program, we support nonprofit projects and social enterprises to access the agile and transparent tools they need to operate with autonomy and agility. We provide human resources, accounting, financial operations, and business intelligence support to our partners so they can grow their work and impact.through our redistribution daf (donor-advised fund) and resourcing initiatives we partner with foundations, individual donors, impact investors, community-governed funds, and others to increase the flow of capital to under-resourced groups building power and wealth in our bipoc communities. We activate our partners' entire portfolios towards impact, which includes multi-year grants, recoverable grants, loan guarantees, and rapid fund disbursement.

Grants made by Possibility Labs

GranteeGrant descriptionAmount
Access Plus CapitalEmployee Ownership Loan Pilot$1,800,000
The GuildGeneral Operating Support$1,680,000
Solutions ProjectGeneral Operating Support$1,150,000
...and 139 more grants made totalling $21,923,763

Who funds Possibility Labs

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kataly FoundationCharitable Activities$10,000,000
F. B. Heron FoundationProject-Based$4,160,000
Chan Zuckerberg Initiative FoundationCalifornia Community Ownership Pooled Fund$3,000,000
...and 62 more grants received totalling $30,691,910

Personnel at Possibility Labs

NameTitleCompensation
Donna Daniels, Ph.D.Chief Executive Officer
Jill SmithSenior Director of Operations and Administration
Jaimee EstrellerVice President of Marketing and Communications$178,007
Deborah NelsonExecutive Director To FSP$187,947
Randall HuertaDirector of Partner Services
...and 6 more key personnel

Financials for Possibility Labs

RevenuesFYE 12/2023
Total grants, contributions, etc.$23,641,155
Program services$1,199,574
Investment income and dividends$133,809
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,531
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$5,463
Miscellaneous revenues$827
Total revenues$24,985,359

Form 990s for Possibility Labs

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122024-09-12990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
Data update history
December 25, 2024
Received grants
Identified 7 new grant, including a grant for $500,000 from JP Morgan Chase Foundation
October 23, 2024
Used new vendors
Identified 2 new vendors, including , and
September 21, 2024
Updated personnel
Identified 8 new personnel
September 21, 2024
Received grants
Identified 2 new grant, including a grant for $300,000 from Public Welfare Foundation
August 10, 2024
Received grants
Identified 15 new grant, including a grant for $1,083,660 from The California Endowment
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsHuman service organizationsCharities
Issues
Human servicesPublic policy
Characteristics
Operates donor advised fundsProvides grantsTax deductible donationsFiscal sponsorAccepts online donations
General information
Address
1410 Franklin St 135
San Francisco, CA 94109
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Francisco County, CA
Website URL
possibilitylabs.org/ 
Phone
(443) 221-5534
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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