Potential Development Program
- Assets
- $7.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 154
- Location
- Youngstown, OH
- Founding
- 01/1955
- Data as of
- 12/2023
- EIN
- 34-0789759
Organization Overview
Potential Development Program is located in Youngstown, OH. The organization was established in 1955. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Potential Development Program employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potential Development Program 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, Potential Development Program generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 9 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
TO ASSIST CHILDREN WITH AUSTISM & DEVELOPMENTAL DELAYS POTENTIAL DEVELOPMENT PROVIDES INDIVIDUALIZED EDUCATION AND FAMILY SUPPORT SERVICES TO MEET THE SPECIAL NEEDS OF CHILDREN WITH AUTISM AND DEVELOPMENTAL DELAYS TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
POTENTIAL DEVELOPMENT PROVIDES A SPECIALIZED DAYCARE (PRESCHOOL) FOR CHILDREN WITH MILD TO SEVERE LEARNING DISABILITIES, AND DEVELOPMENTAL DELAYS, AS WELL AS A PRESCHOOL PROGRAM FOR HOMELESS CHILDREN WHICH INCLUDES TRANSPORTATION, PARENT EDUCATION AND COUNSELING. POTENTIAL DEVELOPMENT ALSO PROVIDES SCHOOLING FOR K-12 STUDENTS WITH MILD TO SEVERE LEARNING DISABILITIES, AUTISM, AND OTHER DEVELOPMENTAL DELAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Goldsboro Chairman | OfficerTrustee | 1 | $0 |
James Houck Treasurer | OfficerTrustee | 1 | $0 |
Robert Gearhart Jr President | OfficerTrustee | 1 | $0 |
Deloran Thompson Vice-President | OfficerTrustee | 1 | $0 |
Linda Mansfield Secretary | OfficerTrustee | 1 | $0 |
Angela Crofford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,306,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,119,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,425,182 |
| Total Program Service Revenue | $262,809 |
| Investment income | $7,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,770,878 |
| 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. | $111,122 |
| Compensation of current officers, directors, key employees. | $111,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,777,590 |
| Pension plan accruals and contributions | $237,280 |
| Other employee benefits | $526,528 |
| Payroll taxes | $428,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,400 |
| 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 | $142,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,487 |
| Interest | $33,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,919 |
| Insurance | $43,611 |
| All other expenses | $424,280 |
| Total functional expenses | $7,696,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,038,531 |
| Savings and temporary cash investments | $842,336 |
| Pledges and grants receivable | $1,016,581 |
| 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 | $9,991 |
| Net Land, buildings, and equipment | $3,248,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,155,656 |
| Accounts payable and accrued expenses | $134,894 |
| 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 | $914,843 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,049,737 |
| Net assets without donor restrictions | $5,500,761 |
| Net assets with donor restrictions | $605,158 |
| 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 | $7,155,656 |