Potential Development Program
- Assets
- $5.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 01/1955
- Data as of
- 12/2021
- 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. 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 12/2021, Potential Development Program generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 9.6% 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
2021
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 |
|---|---|---|---|
Paul Garchar Executive Director | Trustee | 40 | $92,185 |
Sue Strickland Chairman | OfficerTrustee | 1 | $0 |
Deloran Thompson Treasurer | OfficerTrustee | 1 | $0 |
Ken Goldsboro President | OfficerTrustee | 1 | $0 |
James Houck Secretary | OfficerTrustee | 1 | $0 |
Robert Gearhart Jr Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,242,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $831,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,074,245 |
| Total Program Service Revenue | $240,643 |
| Investment income | $1,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,321,839 |
| 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. | $92,185 |
| Compensation of current officers, directors, key employees. | $92,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,123,001 |
| Pension plan accruals and contributions | $175,981 |
| Other employee benefits | $405,636 |
| Payroll taxes | $292,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,800 |
| 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 | $77,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,727 |
| Interest | $70,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,195 |
| Insurance | $29,201 |
| All other expenses | $342,604 |
| Total functional expenses | $5,280,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,327,570 |
| Savings and temporary cash investments | $142,484 |
| Pledges and grants receivable | $981,196 |
| 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 | $9,730 |
| Net Land, buildings, and equipment | $2,767,870 |
| Investments—publicly traded securities | $1,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,230,376 |
| Accounts payable and accrued expenses | $121,378 |
| 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 | $1,173,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,294,458 |
| Net assets without donor restrictions | $3,735,582 |
| Net assets with donor restrictions | $200,336 |
| 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 | $5,230,376 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Potential Development Program has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
Aimee & Lulu Seidel Memorial Tr Youngstown, OH PURPOSE: GENERAL SUPPORT | $5,000 |
Kinder Charitable Foundation Youngstown, OH PURPOSE: GENERAL | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
Lehigh Valley Childrens Centers Inc Allentown, PA | $14,112,341 | $13,366,940 |
League On Social Services Inc Family Day Care Program Hyde, PA | $1,090,310 | $11,061,373 |
Ahold Delhaize Usa Family Foundation Inc Carlisle, PA | $12,628,816 | $12,963,322 |
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |
Learn & Play Fort Washington, PA | $20,169,763 | $14,001,464 |
Comprehensive Community Child Care Organization Inc Cincinnati, OH | $5,282,302 | $9,574,418 |
Federation Day Care Services Philadelphia, PA | $6,192,299 | $8,469,963 |
Wonderspring Narberth, PA | $4,413,061 | $8,430,879 |
Tippecanoe County Child Care Inc Lafayette, IN | $4,482,295 | $9,627,858 |