Partnership Resources Inc
- Assets
- $3.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 150
- Location
- Minneapolis, MN
- Founding
- 02/1961
- Data as of
- 12/2023
- EIN
- 41-0837660
Organization Overview
Partnership Resources Inc is located in Minneapolis, MN. The organization was established in 1961. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Partnership Resources Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership Resources 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, Partnership Resources Inc generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
TRAINING & HABILITATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIP RESOURCES INC. IS A TRAINING & HABILITATION CENTER SERVING ADULTS WITH DEVELOPMENTAL DISABILIITIES - SOME WITH A SECONDARY HANDICAPPING CONDITION. PROGRAMMING PROVIDES PRE-VOCATIONAL TRAINING, RECREATION/LEISURE, AND FUNCTIONAL DOMESTIC SKILLS DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Ericson Board Member | Trustee | 1 | $0 |
Kevin Hofman Board Member/vice Pres | OfficerTrustee | 1 | $0 |
Rob Lafleur Board Member/president | OfficerTrustee | 1 | $0 |
Douglas Murray Board Member | Trustee | 1 | $0 |
Peter Odegard Board Member | Trustee | 1 | $0 |
James Sweeney Board Member | Trustee | 1 | $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 | $154,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,014 |
| Total Program Service Revenue | $5,150,622 |
| Investment income | $49,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,411,093 |
| 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. | $133,600 |
| Compensation of current officers, directors, key employees. | $10,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,564,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $314,353 |
| Payroll taxes | $193,965 |
| 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 | $49,389 |
| Advertising and promotion | $0 |
| Office expenses | $24,685 |
| Information technology | $77,601 |
| Royalties | $0 |
| Occupancy | $327,411 |
| Travel | $30,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,545 |
| Insurance | $65,637 |
| All other expenses | $99,793 |
| Total functional expenses | $5,443,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,392,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,168 |
| 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 | $85,237 |
| Net Land, buildings, and equipment | $118,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,963,157 |
| Accounts payable and accrued expenses | $20,522 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $483,924 |
| Other liabilities | $213,556 |
| Total liabilities | $718,002 |
| Net assets without donor restrictions | $2,245,155 |
| 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 | $2,963,157 |