Nonprofit · EIN 46-2693153
MASTER THE POSSIBILITIES INC
Tax-exempt · OCALA, FL 34481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,627,863 | $1,112,686 | $515,177 | $2,105,250 | $135,471 | $1,969,779 |
| December 31, 2023 | 990 | $1,377,111 | $1,047,906 | $329,205 | $1,595,107 | $140,505 | $1,454,602 |
| December 31, 2022 | 990 | $1,120,831 | $805,967 | $314,864 | $1,226,561 | $101,164 | $1,125,397 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,016,008
- Program service revenue
- $526,998
- Investment income
- $77,257
- Net gain from sales of assets
- $5,975
- Other revenue
- $7,600
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $235,036
- Other salaries and wages
- $277,618
- Salaries, compensation and benefits (total)
- $620,857
- Professional fundraising fees
- $0
- Legal fees
- $5,513
- Accounting fees
- $12,140
- Occupancy
- $36,584
- Travel
- $4,805
- Program services (functional)
- $885,340
- Management and general (functional)
- $220,648
- Fundraising (functional)
- $6,698
Balance sheet and other
- Total assets, start of year
- $1,595,107
- Total assets, end of year
- $2,105,250
- Total liabilities, end of year
- $135,471
- Net assets, end of year
- $1,969,779
- Publicly traded securities
- $1,506,740
- Net assets without donor restrictions
- $1,969,779
- Gross unrelated business income
- $7,600
- Gross receipts
- $2,436,974
- Employees
- 9
- Volunteers
- 181
- Year formed
- 2013
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Krystel Torres | Comptroller Officer | 40 | $131,791 | $11,365 |
| Michelle Shideler | D. of Education Officer | 40 | $65,334 | $26,546 |
| Kenneth D Colen | President Trustee or director, Officer | 2 | $0 | $0 |
| Robert L Colen | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| C Guy Woolbright | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Frank DiPiero | Director Trustee or director | 1 | $0 | $0 |
| Solon F O'Neal Jr | Director Trustee or director | 1 | $0 | $0 |
| Stephen J Albright Jr | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Krystel Torres | Comptroller Officer | 40 | $124,380 | $10,947 |
| Michelle Shideler | D. of Education Officer | 40 | $60,370 | $26,070 |
| Kenneth D Colen | President Trustee or director, Officer | 2 | $0 | $0 |
| Robert L Colen | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| C Guy Woolbright | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Frank DiPiero | Director Trustee or director | 1 | $0 | $0 |
| Solon F O'Neal Jr | Director Trustee or director | 1 | $0 | $0 |
| Stephen J Albright Jr | Director Trustee or director | 1 | $0 | $0 |
| John Hunt | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michelle Shideler | D. of Education Officer | 40 | $64,681 | $27,005 |
| Kenneth D Colen | President Trustee or director, Officer | 2 | $0 | $0 |
| Robert L Colen | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| C Guy Woolbright | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Frank DiPiero | Director Trustee or director | 1 | $0 | $0 |
| Solon F O'Neal Jr | Director Trustee or director | 1 | $0 | $0 |
| Stephen J Albright Jr | Director Trustee or director | 1 | $0 | $0 |
| John Hunt | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8435 SW 80TH ST UNIT 2, OCALA, FL 34481-9127
- In care of
- % KENNETH D COLEN
- Mailing address (990-N for 2013)
- 8447 SW 99TH ST RD, OCALA FL 34481
- Principal officer (990 for 2024)
- Kenneth D Colen, 8435 SW 80th Street 2, Ocala, FL 34481
- Principal officer (990-N for 2013)
- KENNETH D COLEN, 8447 SW 99TH ST RD, OCALA FL 34481
- Signed the 990
- Kenneth D Colen, President
- Phone
- (352) 873-0848
- Return prepared by
- CS&L CPAS
Mission
Master the Possibilities operates a formal education program for senior adults (also known as continuing education, adult education and lifelong learning programs).
Program accomplishments
- Master the Possibilities operates a formal education program for senior adults (also known as continuing education, adult education and lifelong learning programs).Expenses $885,340 · revenue $526,998
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2693153
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $2,105,250
- Income (IRS master file)
- $2,436,974
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,627,863 | $1,112,686 | $2,105,250 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,377,111 | $1,047,906 | $1,595,107 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,120,831 | $805,967 | $1,226,561 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: KENNETH D COLEN | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2693153).
Questions about MASTER THE POSSIBILITIES INC
- What is the EIN of MASTER THE POSSIBILITIES INC?
- The employer identification number (EIN) of MASTER THE POSSIBILITIES INC is 46-2693153.
- Is MASTER THE POSSIBILITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MASTER THE POSSIBILITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTER THE POSSIBILITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASTER THE POSSIBILITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTER THE POSSIBILITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MASTER THE POSSIBILITIES INC?
- The 990 for the year ended December 31, 2024 names Kenneth D Colen.
- Who are the officers and directors of MASTER THE POSSIBILITIES INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $131,791 (Krystel Torres, Comptroller).
- How much revenue does MASTER THE POSSIBILITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,627,863, expenses of $1,112,686 and total assets of $2,105,250 at year end.
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