Unlimited Possibilties Inc
- Assets
- $1.1m
- Revenue
- $836.2k
- Investments
- $0.0
- Employees
- 20
- Location
- Saratoga Springs, NY
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 22-2261818
Organization Overview
Unlimited Possibilties Inc is located in Saratoga Springs, NY. The organization was established in 1981. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2023, Unlimited Possibilties Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlimited Possibilties 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, Unlimited Possibilties Inc generated $836.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $771.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF UNLIMITED POTENTIAL IS TO INCREASE THE INCOME OF CERTAIN SARATOGA COUNTY RESIDENTS WITH PHYSICAL AND/OR MENTAL DISABILITIES OR OTHER BARRIERS TO SELF-SUFFICIENCY BY PROVIDING TRAINING AND EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK CENTER - OPERATION & MAINTENANCE OF A SHELTERED WORKCENTER FOR THE MENTALLY AND PHYSICALLY DISABLED. ALSO PROVIDED SERVICES ASSISTING DIFFERENT CLIENTS TO OBTAIN AND RETAIN SUPPORTED EMPLOYMENT IN THE COMMUNITY DURING 2023. THERE WERE COMPETITIVE JOBS IN THE COMMUNITY THAT WERE FILLED BY OUR CLIENTS DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Priddle Chair Emeritus | Trustee | 0 | $0 |
Rose Miller Chair | OfficerTrustee | 0 | $0 |
John Malone Member | Trustee | 0 | $0 |
Jermaine Cruz Member | Trustee | 0 | $0 |
David M Cost Member | Trustee | 0 | $0 |
Brian R Cumming Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $660,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,161 |
| Total Program Service Revenue | $49,662 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,554 |
| 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 | $836,172 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,466 |
| Payroll taxes | $40,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,441 |
| Information technology | $122 |
| Royalties | $0 |
| Occupancy | $74,876 |
| Travel | $19,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$2,707 |
| Interest | $924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,243 |
| Insurance | $23,022 |
| All other expenses | $6,345 |
| Total functional expenses | $771,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,661 |
| Prepaid expenses and deferred charges | $4,704 |
| Net Land, buildings, and equipment | $74,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $964,085 |
| Total assets | $1,088,765 |
| Accounts payable and accrued expenses | $46,550 |
| Grants payable | $0 |
| Deferred revenue | $105,105 |
| 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 | $151,655 |
| Net assets without donor restrictions | $937,110 |
| 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 | $1,088,765 |