Partnership For Growth
- Assets
- $6.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3405493
Organization Overview
Partnership For Growth is located in Los Angeles, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Partnership For Growth employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For Growth is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERSHIP FOR GROWTH LOS ANGELES WORKS TO ADDRESS CORE NEEDS VITAL TO COMMUNITY MEMBERS' QUALITY OF LIFE, SUCH AS FOOD ACCESS, JOB AND ECONOMIC SECURITY, PRIMARY EDUCATION SUPPORT, AND WORKFORCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEDOM FARMS CONDUCTED AN RFP THAT RESULTED IN A COHORT OF 13 GRANTEE ORGANIZATIONS RECEIVING $780,000 IN FUNDING TO ESTABLISH AND EXPAND URBAN FARMS; LAUNCHED A PILOT YOUTHBUILD GROWERS PROGRAM TEACHING HIGH SCHOOL STUDENTS ABOUT GARDENING AND THE OUTDOORS; INVESTED IN DEVELOPMENT OF A GROCERY STORE IN THE HISTORICAL AND FOOD INSECURE NEIGHBORHOOD OF LEIMERT PARK, SET TO OPEN NOVEMBER 2024.
RESOURCE CONNECTION EVENTS COLLABORATED WITH IT'S BIGGER THAN US TO: SPONSOR THEIR BACK 2 SCHOOL FESTIVAL REACHING 8,000 COMMUNITY MEMBERS AND SUPPORTED REFURBISHMENT OF CRENSHAW HIGH SCHOOL'S BASKETBALL COURT, AS WELL AS SPONSOR A HOLIDAY TOY GIVEAWAY FOR 300 STUDENTS AT HILLCREST ELEMENTARY SCHOOL. PARTNERED WITH COMMUNITY ORGANIZATIONS TO EXPAND AWARENESS REGARDING URBAN FARMING, READING LITERACY AND WORKFORCE DEVELOPMENT.
PROJECT JUBILEE CONDUCTED A SECOND COHORT OF PAID WORKFORCE DEVELOPMENT AND WELLNESS SUPPORT WITH 30 TRANSITION AGED YOUTH WHO TRAINED IN THE FIELDS OF PROPERTY MANAGEMENT, URBAN FARMING, OR FOOD SERVICE/BARISTA, AND RESULTED IN AN IMPRESSIVE 92% GRADUATION RATE.
READ LEAD FREEDOM SCHOOLS CONDUCTED A THIRD YEAR OF FREE SUMMER LITERACY DEVELOPMENT PROGRAMMING SERVING 30 K-8 STUDENTS, AND EXPANDED PROGRAM TO YEAR-ROUND AFTER SCHOOL PROGRAMMING TO SUPPORT 100 K-8 STUDENTS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Simonds President | OfficerTrustee | 2 | $36,865 |
Aaron Thomas Treasurer | OfficerTrustee | 2 | $0 |
Liana Schwarz Secretary | OfficerTrustee | 2 | $0 |
Bryce Cracknell Member | Trustee | 2 | $0 |
Eddie Anderson CEO | OfficerTrustee | 10 | $47,327 |
Julie Bank Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,874,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,893,686 |
| Total Program Service Revenue | $0 |
| Investment income | $205,641 |
| 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 | $2,100,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750,000 |
| 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. | $84,192 |
| Compensation of current officers, directors, key employees. | $35,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,747 |
| Payroll taxes | $30,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,240 |
| Fees for services: Accounting | $39,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432,384 |
| Advertising and promotion | $48,035 |
| Office expenses | $5,358 |
| Information technology | $1,580 |
| Royalties | $0 |
| Occupancy | $5,480 |
| Travel | $27,599 |
| 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 | $143 |
| Insurance | $377 |
| All other expenses | $0 |
| Total functional expenses | $1,888,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,301 |
| Savings and temporary cash investments | $6,015,766 |
| Pledges and grants receivable | $267,133 |
| 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 | $4,651 |
| Net Land, buildings, and equipment | $1,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,412,994 |
| Accounts payable and accrued expenses | $659,944 |
| Grants payable | $0 |
| Deferred revenue | $5,402,165 |
| 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 | $125,119 |
| Total liabilities | $6,187,228 |
| Net assets without donor restrictions | $225,766 |
| 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 | $6,412,994 |