Developing Potential Inc
- Assets
- $7.8m
- Revenue
- $4.1m
- Investments
- $376.3k
- Employees
- 52
- Location
- Lees Summit, MO
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 43-1661167
Organization Overview
Developing Potential Inc is located in Lees Summit, MO. The organization was established in 1994. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Developing Potential Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Developing Potential 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 12/2021, Developing Potential Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 0.2% 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
OPERATION OF A FACILITY FOR TRAINING THE SEVERELY HANDICAPPED TO INCREASE THIER EARNING CAPABILITIES AND TO INCREASE OPPORTUNITIES FOR HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARF ACCREDITED - OPERATION OF A FACILITY FOR TRAINING THE SEVERELY HANDICAPPED TO INCREASE THIER EARNING CAPABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Case Executive Dir. | OfficerTrustee | 50 | $168,764 |
Sheryl Malloy Chairman | OfficerTrustee | 1 | $0 |
Steve Johnson Treasurer | OfficerTrustee | 1 | $0 |
Ruth Lehr Director | Trustee | 1 | $0 |
Melissa Pulis Director | Trustee | 1 | $0 |
Cathleen Karr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $409,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,276,129 |
| Noncash contributions included in lines 1a–1f | $47,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,349 |
| Total Program Service Revenue | $2,392,945 |
| Investment income | $53,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,131,831 |
| 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. | $168,764 |
| Compensation of current officers, directors, key employees. | $168,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,308,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,445 |
| Payroll taxes | $108,282 |
| 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 | $62,423 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $32,417 |
| Royalties | $0 |
| Occupancy | $92,710 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,663 |
| Insurance | $281,282 |
| All other expenses | $126,700 |
| Total functional expenses | $2,782,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,547,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,480 |
| 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 | $42,202 |
| Net Land, buildings, and equipment | $1,131,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $376,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,804,514 |
| Accounts payable and accrued expenses | $46,244 |
| 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 | $22,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $268,943 |
| Total liabilities | $337,305 |
| Net assets without donor restrictions | $4,124,282 |
| Net assets with donor restrictions | $3,342,927 |
| 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 | $7,804,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Developing Potential Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Victor E Speas Foundation- 10 04464 00 Dallas, TX PURPOSE: SUPPORT INCREASE ACCESS TO | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
Vacation Fund Of Engineers Local 513 Bridgeton, MO | $4,041,633 | $12,513,206 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |
Illinois Laborers & Contractors Training Trust Fund Mt Sterling, IL | $29,577,263 | $7,640,273 |
North Iowa Vocational Center Inc Mason City, IA | $4,774,604 | $7,439,671 |
Skills For Chicagolands Future Chicago, IL | $6,984,801 | $8,975,489 |
Point Programs Inc Covington, KY | $8,847,119 | $6,355,202 |
Baby Talk Inc Decatur, IL | $9,494,963 | $4,842,446 |
Operating Engineers Local 101 Vacation Fund Program Kansas City, MO | $980,403 | $4,925,526 |
Operating Engineers Local 513 Journeymen & Appren Training Fund Silex, MO | $12,590,709 | $5,420,076 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |