Partners For Potential Inc
- Assets
- $3.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 77
- Location
- Van Nuys, CA
- Founding
- 01/1988
- Data as of
- 06/2023
- EIN
- 95-3804117
Organization Overview
Partners For Potential Inc is located in Van Nuys, CA. The organization was established in 1988. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Partners For Potential Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Potential 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 06/2023, Partners For Potential Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE COMMUNITY INTEGRATION, VOCATIONAL AND LIFE SKILLS TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS FOR MULTICULTURAL ADULTS WITH DEVELOPMENTAL DISABILITIES, INCLUDING COMMUNITY-BASED ADULT DAY PROGRAM, TRANSPORTATION, AND INDEPENDENT LIVING SKILLS. PROVIDED SUPERVISION AND TRAINING IN THE AREAS OF SELF-DETERMINATION, ADULT LIFE SKILLS, MOBILITY AND EMPLOYMENT. TRAINING TAKES PLACE AT VARIOUS LOCATIONS IN THE COMMUNITY SUCH AS ADULT SCHOOLS, LIBRARIES, PARKS, PUBLIC TRANSPORTATION NETWORKS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Hendrickson Chair | OfficerTrustee | 1 | $0 |
Robert Baer Vice-Chair | OfficerTrustee | 1 | $0 |
Jessica Patterson Secretary | OfficerTrustee | 1 | $0 |
Eliza Minassian Board Member | Trustee | 1 | $0 |
Dana Nialis- Slauson Board Member | Trustee | 1 | $0 |
Timothy Reynolds Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,862 |
| Total Program Service Revenue | $3,427,474 |
| Investment income | $19,503 |
| 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 | $3,463,839 |
| 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. | $121,224 |
| Compensation of current officers, directors, key employees. | $120,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,916,391 |
| Pension plan accruals and contributions | $38,125 |
| Other employee benefits | $340,710 |
| Payroll taxes | $167,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,560 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,900 |
| Travel | $210,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,026 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,784 |
| Insurance | $56,874 |
| All other expenses | $41,878 |
| Total functional expenses | $3,276,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,475,705 |
| Savings and temporary cash investments | $842,482 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $362,459 |
| 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 | $49,784 |
| Net Land, buildings, and equipment | $59,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,381 |
| Total assets | $3,269,749 |
| Accounts payable and accrued expenses | $345,392 |
| 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 | $409,310 |
| Total liabilities | $754,702 |
| Net assets without donor restrictions | $2,465,047 |
| Net assets with donor restrictions | $50,000 |
| 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 | $3,269,749 |