Pinnacle Oppurtunities Inc
- Assets
- $6.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 109
- Location
- Galesburg, IL
- Founding
- 09/1997
- Data as of
- 03/2023
- EIN
- 36-4143605
Organization Overview
Pinnacle Oppurtunities Inc is located in Galesburg, IL. The organization was established in 1997. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 03/2023, Pinnacle Oppurtunities Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Oppurtunities 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 03/2023, Pinnacle Oppurtunities Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.6m during the year ending 03/2023. While expenses have increased by 2.1% 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
TO PROVIDE & OPERATE LONG-TERM CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING LONG-TERM CARE FACILITIES AND OTHER RELATED SERVICES TO THE DEVELOPMENTALLY DISABLED. THE ORGANIZATION OPERATES 6 FACILITIES WITH A COMBINED TOTAL OF 88 BEDS WITHIN THESE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Shaw President | OfficerTrustee | 1 | $0 |
John Carmody Vice President | OfficerTrustee | 1 | $0 |
Gordon Monn Director | Trustee | 1 | $0 |
Michael Wartman Director | Trustee | 1 | $0 |
Ron Wilson Rfms Inc CFO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rfms Inc Administrative Services | 3/30/23 | $216,027 |
Polsinelli Legal Services | 3/30/23 | $133,083 |
Ltc Support Services Llc Support Services | 3/30/23 | $162,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,484 |
| Total Program Service Revenue | $5,247,771 |
| Investment income | $74,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,476,467 |
| 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 | $3,095,639 |
| Pension plan accruals and contributions | $9,345 |
| Other employee benefits | $222,571 |
| Payroll taxes | $316,228 |
| Fees for services: Management | $385,572 |
| Fees for services: Legal | $1,191 |
| Fees for services: Accounting | $35,838 |
| Fees for services: Lobbying | $2,007 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,808 |
| Advertising and promotion | $58,848 |
| Office expenses | $71,098 |
| Information technology | $10,395 |
| Royalties | $0 |
| Occupancy | $174,839 |
| Travel | $90,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,689 |
| Insurance | $22,958 |
| All other expenses | $5,196 |
| Total functional expenses | $5,597,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,719 |
| Savings and temporary cash investments | $534,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,205,406 |
| 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 | $10,894 |
| Net Land, buildings, and equipment | $684,697 |
| Investments—publicly traded securities | $2,240,368 |
| Investments—other securities | $0 |
| Investments—program-related | $1,429,841 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,410,319 |
| Accounts payable and accrued expenses | $867,209 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $706,305 |
| Total liabilities | $1,603,514 |
| Net assets without donor restrictions | $4,806,805 |
| 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 | $6,410,319 |