Partnership Resources Inc
- Assets
- $2.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 122
- Location
- Minneapolis, MN
- Founding
- 02/1961
- Data as of
- 12/2021
- EIN
- 41-0837660
Organization Overview
Partnership Resources Inc is located in Minneapolis, MN. The organization was established in 1961. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Partnership Resources Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership Resources 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 12/2021, Partnership Resources Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING & HABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIP RESOURCES INC. IS A TRAINING & HABILITATION CENTER SERVING ADULTS WITH DEVELOPMENTAL DISABILIITIES - SOME WITH A SECONDARY HANDICAPPING CONDITION. PROGRAMMING PROVIDES PRE-VOCATIONAL TRAINING, RECREATION/LEISURE, AND FUNCTIONAL DOMESTIC SKILLS DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Zbaracki Chief Operating Officer | 40 | $138,833 | |
Kevin Hofman Board Member/vice Pres | OfficerTrustee | 1 | $0 |
Rob Lafleur Board Member/president | OfficerTrustee | 1 | $0 |
Peter Odegard Board Member | Trustee | 1 | $0 |
James Sweeney Board Member | Trustee | 1 | $0 |
Bill Wardwell Board Member | Trustee | 1 | $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 | $123,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,816 |
| Total Program Service Revenue | $4,521,788 |
| Investment income | $97 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,670,067 |
| 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. | $138,833 |
| Compensation of current officers, directors, key employees. | $20,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,102,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $218,290 |
| Payroll taxes | $75,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,776 |
| Advertising and promotion | $0 |
| Office expenses | $28,195 |
| Information technology | $22,828 |
| Royalties | $0 |
| Occupancy | $319,079 |
| Travel | $19,071 |
| 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 | $27,091 |
| Insurance | $46,942 |
| All other expenses | $122,436 |
| Total functional expenses | $4,345,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,785,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,250 |
| 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 | $133,564 |
| Net Land, buildings, and equipment | $81,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,279,751 |
| Accounts payable and accrued expenses | $19,644 |
| 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 | $500,000 |
| Other liabilities | $288,611 |
| Total liabilities | $808,255 |
| Net assets without donor restrictions | $1,471,496 |
| 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 | $2,279,751 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Partnership Resources Inc has recieved totaling $43,116.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $28,925 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,938 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $5,100 |
Littler Mendelson Foundation Inc Kansas City, MO PURPOSE: GENERAL SUPPORT | $1,000 |
Pentair Foundation Golden Valley, MN PURPOSE: PROGRAM SUPPORT | $80 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |