Essential Partners Inc
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Cambridge, MA
- Founding
- 07/1996
- Data as of
- 08/2023
- EIN
- 22-3432160
Organization Overview
Essential Partners Inc is located in Cambridge, MA. The organization was established in 1996. 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 08/2023, Essential Partners Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essential Partners 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 08/2023, Essential Partners Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.7m during the year ending 08/2023. While expenses have increased by 2.7% per year over the past 7 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
THE ORGANIZATION HELPS PEOPLE BUILD RELATIONSHIPS ACROSS DIFFERENCES TO ADDRESS THEIR COMMUNITIES' MOST PRESSING CHALLENGES. THIS YEAR, THEIR WORK IN TRAINING, FACILITATION, COACHING, AND ASYNCHRONOUS SUPPORT IMPACTED OVER 500,000 PEOPLE AROUND THE COUNTRY THROUGH EQUIPPING PEOPLE TO HAVE CONVERSATIONS ACROSS DIFFERENCES THAT LEAD TO GREATER BELONGING, MORE SUCCESSFUL DIFFICULT CONVERSATIONS, AND MORE TRUST OF THE "OTHER SIDE."
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1989 AS THE PUBLIC CONVERSATIONS PROJECT, THE ORGANIZATION'S WORK IS GROUNDED IN FAMILY THERAPY, NARRATIVE THERAPY, SOCIAL COHESION THEORY, DELIBERATIVE DEMOCRACY AND CONFLICT RESOLUTION PRACTICES. THE ORGANIZATION OFFERS TRAINING, CONSULTATION, COACHING, AND FACILITATIONFOR PEOPLE WHO LEAD CONVERSATIONS ACROSS EVERYDAY AND EXISTENTIAL DIFFERENCES IN THEIR INSTITUTIONS AND COMMUNITIES. THE ORGANIZATION PARTNERS WITH COMMUNITIES AND ORGANIZATIONS WHO WISH TO BUILD CONSTRUCTIVE PATTERNS OF COMMUNICATION INTO THEIR CULTURE. USING THE ORGANIZATION'S APPROACH, THESE CONVERSATIONS BUILT AND REPAIRED RELATIONSHIPS AND TRUST, EVEN WHEN AGREEMENT OR COMPROMISE ON THE CENTRAL ISSUE WAS IMPOSSIBLE. THE ORGANIZATION AND ITS PARTNERS ARE USING DIALOGUE TO BUILD CULTURES OF DEEP BELONGING AND INCLUSION, WHERE ALL OPINIONS ARE HEARD AND TAKEN SERIOUSLY, AND WHERE DECISIONS MADE REFLECT THE PERSPECTIVES AND VOICE OF EVERYONE IMPACTED. THE ORGANIZATION WORKED WITH MORE THAN 60 PARTNERS IN THE PAST YEAR TO TRAIN 1,500 LEADERS THAT TRANSFORMED CONVERSATIONS WITH OVER 100,000 PEOPLE ACROSS THE COUNTRY. THESE NEW CONVERSATIONS LED TO HIGHER RATES OF COHESION, TRUST IN THE "OTHER SIDE AND SUCCESSFUL CONVERSATIONS ACROSS DIFFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'hara Treasurer | OfficerTrustee | 2 | $0 |
Jeanne Emanuel Vice Chair | OfficerTrustee | 2 | $0 |
Gary Sandhu Director | Trustee | 2 | $0 |
Brendan Abel Chair | OfficerTrustee | 2 | $0 |
Nicole Morris Director | Trustee | 2 | $0 |
Kara Boyle Director | Trustee | 2 | $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 | $1,391,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,157 |
| Total Program Service Revenue | $603,117 |
| Investment income | $30,069 |
| 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 | $2,024,343 |
| 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. | $242,167 |
| Compensation of current officers, directors, key employees. | $28,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $238,164 |
| Payroll taxes | $81,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,310 |
| Fees for services: Accounting | $14,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,716 |
| Advertising and promotion | $25,883 |
| Office expenses | $38,518 |
| Information technology | $19,170 |
| Royalties | $0 |
| Occupancy | $24,043 |
| Travel | $20,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,271 |
| All other expenses | $0 |
| Total functional expenses | $1,691,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,865,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,550 |
| 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 | $20,597 |
| 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 | $2,009,250 |
| Accounts payable and accrued expenses | $96,587 |
| Grants payable | $0 |
| Deferred revenue | $401,570 |
| 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 | $498,157 |
| Net assets without donor restrictions | $1,511,093 |
| 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 | $2,009,250 |