Perspectives Inc
- Assets
- $4.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 49
- Location
- St Louis Park, MN
- Founding
- 02/1977
- Data as of
- 12/2023
- EIN
- 41-1288300
Organization Overview
Perspectives Inc is located in St Louis Park, MN. The organization was established in 1977. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Perspectives Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perspectives 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, Perspectives Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. 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
PERSPECTIVES IS A BREAKING CYCLES FOR AT-RISK FAMILIES AND CHILDREN FOR TOTAL FAMILY RECOVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING PROGRAM: PROGRAM GOAL: TO RETURN HOMELESS RECOVERING WOMEN AND THEIR CHILDREN BACK TO SOCIAL AND ECONOMIC MAINSTREAM. TARGET POPULATION: HOMELESS RECOVERING DUAL-DIAGNOSED WOMEN AND THEIR CHILDREN REFERRED BY HENNEPIN COUNTY COORDINATED ENTRY SHELTER. OUR WRAP AROUND MODEL INCLUDES FULLY FURNISHED APARTMENTS CASE MANAGERS CHILD CARE WORKERS ONSITE PROGRAM LIAISONS TRANSPORTATION AND AN ARRAY OF AUXILIARY PROGRAMS. IN 2023 129 WOMEN AND CHILDREN WERE SERVICED. 93% MOVED TO PERMANENT HOUSING AT MOVE-PUT.
CLINICAL SERVICES: PROGRAM GOAL: TO PROVIDE INTEGRATED PRIMARY HEALTH SUBSTANCE ABUSE AN MENTAL HEALTH SERVICES TO SUPPORTIVE HOUSING CLIENTS FOR THE PURPOSE OF INCREASING CLIENT'S STABILIZATION AND LONG-TERM OUTCOMES. TARGET POPULATION: CLIENTS LIVING WITHIN PERSPECTIVES' SUPPORTIVE HOUSING PROGRAM AND REFERRED COMMUNITY MEMBERS. THE PROGRAM IS RUN UNDER THE SUPERVISION OF OUR CLINICAL DIRECTOR AND EMPLOYED THREE MENTAL HEALTH PRACTITIONERS. IN 2023 85 WOMEN AND THEIR CHILDREN WERE SERVED. THESE SERVICES WERE DISCONTINUED ON DECEMBER 15 2023.
KIDS CONNECTION: PROGRAM GOAL: TO INCREASE THE ACADEMIC SOCIAL AND HEALTH OUTCOMES OF THE HOMELESS AND AT-RISK CHILDREN. TARGET POPULATION: HOMELESS AND AT-RISK CHILDREN KINDERGARTEN-8TH GRADE LIVING IN ST LOUIS PARK SCHOOL DISTRICT. THIS COMPREHENSIVE "OUT OF SCHOOL PROGRAM" IS TAUGHT BY THREE TEACHERS AND TRAINED VOLUNTEERS. PROGRAM OPERATED FIVE DAYS A WEEK AND TWELVE MONTH OF THE YEAR. IN 2023 45 STUDENTS WERE SERVED. THESE SERVICES WERE DISCONTINUED ON DECEMBER 31 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Seeleysmith President CEO | OfficerTrustee | 50 | $105,392 |
Cheryl Cochrane CFO | Officer | 50 | $97,135 |
Susan Grafton Chair | OfficerTrustee | 2 | $0 |
James Kremer Vice Chair | OfficerTrustee | 2 | $0 |
Dawn Courriercable Treasurer | OfficerTrustee | 2 | $0 |
Patricia Weller Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,496 |
| Related organizations | $0 |
| Government grants | $721 |
| All other contributions, gifts, grants, and similar amounts not included above | $557,491 |
| Noncash contributions included in lines 1a–1f | $46,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,708 |
| Total Program Service Revenue | $1,777,595 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,076 |
| Net Gain/Loss on Asset Sales | $5,694 |
| Net Income from Fundraising Events | -$11,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,389,577 |
| 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. | $259,085 |
| Compensation of current officers, directors, key employees. | $147,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,635,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $189,901 |
| Payroll taxes | $301,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,500 |
| Fees for services: Accounting | $54,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203,989 |
| Advertising and promotion | $0 |
| Office expenses | $38,966 |
| Information technology | $89,622 |
| Royalties | $0 |
| Occupancy | $441,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $188,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,477 |
| Insurance | $135,625 |
| All other expenses | $3,009 |
| Total functional expenses | $3,885,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,457 |
| 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 | $29,201 |
| Net Land, buildings, and equipment | $4,338,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,986 |
| Total assets | $4,593,256 |
| Accounts payable and accrued expenses | $453,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,515 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $110,000 |
| Secured mortgages and notes payable | $3,190,513 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,238,332 |
| Total liabilities | $5,012,231 |
| Net assets without donor restrictions | -$418,975 |
| 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 | $4,593,256 |