Public Charity

THE POSSE FOUNDATION INC

THE POSSE FOUNDATION INC is a Public Charity headquartered in NEW YORK, NY. Financial data from the 2024 filing: $32.6M revenue, $32.0M expenses, $189.2M total assets. 329 publicly reported grants to this organization, totaling roughly $57.0M, appear in IRS filings.

EIN: 133840394 NEW YORK, NY Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2024
Total Revenue$32.6M
Total Expenses$32.0M
Total Assets$189.2M
Grant Records329
Funding Total$57.0M
Filing Years2019–2024

Mission

THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS.

Where $100 goes at The Posse Foundation Inc

How The Posse Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$77 Programs the work itself
$13 Management running the organization
$10 Fundraising raising the next dollar

Inside the $77 for programs

$77
The recruitment and training programs include the following sub-programs: recruitment, pre-collegiate training, campus and career and alumni
All program spending · Reported in the filing: 250 organizations
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Adam Townsend
TRUSTEE Aj Murphy
TRUSTEE Alan Berro
TRUSTEE Alastair Borthwick
TRUSTEE Alberto M Carvalho
ASSOCIATE VP, DEVELOPMENT Andrew Gallagher

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$23,906,963 92 grants
General Support
$21,704,924 190 grants
Human & Social Services
$1,351,500 8 grants
Youth Development
$456,225 11 grants
Health & Medicine
$147,500 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $32.6M $32.0M $189.2M
2023 $44.8M $29.5M $183.0M
2022 $30.6M $26.0M $157.7M
2020 $44.7M $21.1M $120.7M
2019 $23.0M $24.4M $89.9M

Between 2019 and 2024, reported annual revenue grew from $23.0M to $32.6M (+42%), with total assets most recently reported at $189.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE POSSE FOUNDATION INC

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