Partners For Self-Employment Inc
- Assets
- $6.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Miami, FL
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 65-0464173
Organization Overview
Partners For Self-Employment Inc is located in Miami, FL. The organization was established in 1995. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Partners For Self-Employment Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Self-Employment 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 12/2022, Partners For Self-Employment Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $326.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE FINANCIAL WELL-BEING OF LOW TO MODERATE INCOME INDIVIDUALS AND BUSINESSES IN SOUTH FLORIDA VIA BUSINESS AND FINANCIAL LITERACY TRAINING AND PROVIDING OPPORTUNITIES TO BORROW AND SAVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING PROGRAM- THE ORGANIZATION PROVIDES MICRO BUSINESS LOANS TO LOW TO MODERATE INCOME RESIDENTS OF MIAMI-DADE AND SOUTH BROWARD COUNTY.
MATCHED SAVINGS PROGRAMS IDA - THE ORGANIZATION PROVIDES A 2:1 MATCH FOR EACH DOLLAR OR LOW AND MODERATE INCOME INDIVIDUALS SAVES EACH MONTH TOWARDS A FIRST TIME HOME PURCHASE OR BUSINESS EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine Olmann Secretary | Trustee | 0 | $0 |
Christopher Payne Treasurer | Trustee | 0 | $0 |
Maria Coto Executive Director | Officer | 0 | $0 |
Mario Ernesto Goderch III Member | Trustee | 0 | $0 |
Robert Rogers Chairman | Trustee | 0 | $0 |
Ellen Kempler President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,388,147 |
| 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 | $2,388,147 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,388,147 |
| 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 | $122,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| 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 | $15,684 |
| Information technology | $24,180 |
| Royalties | $0 |
| Occupancy | $93,978 |
| Travel | $0 |
| 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 | $1,487 |
| Insurance | $29,194 |
| All other expenses | $0 |
| Total functional expenses | $326,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,430,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $508,370 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,526,267 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298 |
| Net Land, buildings, and equipment | $2,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,468,111 |
| Accounts payable and accrued expenses | $12,126 |
| 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 | $16,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $456,946 |
| Total liabilities | $485,637 |
| Net assets without donor restrictions | $5,730,750 |
| Net assets with donor restrictions | $251,724 |
| 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 | $6,468,111 |