Partners In Opportunity Inc
- Assets
- $516.5k
- Revenue
- $355.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Carmel, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 35-2668842
Organization Overview
Partners In Opportunity Inc is located in Carmel, CA. The organization was established in 2019. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Partners In Opportunity Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners In Opportunity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Partners In Opportunity Inc generated $355.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $239.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PARTNERS IN OPPORTUNITY IS TO HELP LOW-INCOME FAMILIES PUT THEIR CHILDREN ON THE PATH TO COLLEGE BY CONNECTING THEM WITH HOUSING IN HIGH OPPORTUNITY COMMUNITIES AND BY PROVIDING THEM WITH PERSONALIZED, HIGH-TOUCH WRAPAROUND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTNERS IN OPPORTUNITY PROGRAM CONNECTS LOW-INCOME FAMILIES WITH CHILDREN TO HOUSING IN HIGH OPORTUNITY COMMUNITIES WITH HIGH PERFORMING PUBLIC SCHOOLS, AND PROVIDES A TWO YEAR SPRINGBOARD OF WRAPAROUND SUPPORT TO HELP FAMILIES NAVIGATE THE TRANSITION, BUILD COMMUNITY, ESTABLISH STABILITY, AND ENSURE THAT THEIR CHILDREN ARE EQUIPPED TO SUCCEED ACADEMICALLY. WE DELIVER THESE SERVICES THROUGH FOUR CORE PROGRAMS. THROUGH OUR TUTORING PROGRAM WE PROVIDE THE CHILDREN IN OUR PROGRAM WITH INTENSIVE, ONE-ON-ONE AFTER SCHOOL TUTORING IN MATH AND LITERACY. THROUGH OUR COMMUNITY SERVICE PROGRAM WE HELP TO ORIENT FAMILIES TO THEIR NEW NEIGHBORHOOD AND ASSIST THEM IN BUILDING A SUPPORT SYSTEM IN THE LOCAL COMMUNITY. THROUGH OUR OPPORTUNITY COACH PROGRAM WE ENCOURAGE PARENTS TO ASSESS VARIOUS DOMAINS OF THEIR LIFE AND IDENTIFY THREATS TO STABILITY AND PRIORITY AREAS FOR PERSONAL DEVELOPMENT. FINALLY, THROUGH OUR MENTOR PROGRAM WE PAIR PARENTS WITH A MENTOR WHO CAN PROVIDE GUIDANCE, MODEL STABILITY, AND SERVE AS AN ACCOUNTABILITY PARTNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hans Buder President & Dir | OfficerTrustee | 40 | $50,000 |
Sandra Moore Director | Trustee | 0.25 | $0 |
Stefan Lallinger Treasurer | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,512 |
| Total Program Service Revenue | $0 |
| Investment income | $4,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $2,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,168 |
| Pension plan accruals and contributions | $598 |
| Other employee benefits | $0 |
| Payroll taxes | $15,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65 |
| Advertising and promotion | $0 |
| Office expenses | $6,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,022 |
| All other expenses | $344 |
| Total functional expenses | $239,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,236 |
| Savings and temporary cash investments | $489,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,476 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $516,476 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $516,476 |