Unlimited Potential Inc
- Assets
- $809.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Phoenix, AZ
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 74-2383678
Organization Overview
Unlimited Potential Inc is located in Phoenix, AZ. The organization was established in 1985. 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 06/2022, Unlimited Potential Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlimited 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 06/2022, Unlimited Potential Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $898.6k during the year ending 06/2022. While expenses have increased by 20.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN INDIVIDUALS AND FAMILIES IN SOUTH PHOENIX THROUGH LITERACY, EDUCATION, AND SELF-EMPOWERMENT. WE BELIEVE ALL CHILDREN DESERVE TO BECOME HAPPY, HEALTHY, SUCCESSFUL ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY, 2022, UNLIMITED POTENTIAL WAS APPROVED AS A CERTIFIED COMMUNITY HEALTH WORKERS TRAINING SITE BY THE ARIZONA COMMUNITY HEALTH WORKERS ORGANIZATION. THE LEVEL OF PROFESSIONALISM AMONG THE COMMUNITY HEALTH WORKERS CHW HAS INCREASED AS A RESULT, AND ADDITIONAL TRAINING IS NOW AVAILABLE TO THEM. 64 NEW COMMUNITY HEALTH WORKERS WERE RECRUITED AND UNDERWENT CORE COMPETENCY TRAINING. THE TOTAL NUMBER OF CHW AT UP IS 200, AND TRAINED COMMUNITY HEALTH WORKERS CONTRIBUTED 13,288 VOLUNTEER HOURS TO THE COMMUNITY THROUGH HEALTH WORKSHOPS AND FAIRS AND EDUCATION CLASSES. COMMUNITY HEALTH WORKERS PRESENT EDUCATIONAL WORKSHOPS IN BOTH ENGLISH AND SPANISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma N Viera Executive Director | Officer | 40 | $74,115 |
Hunter Perlmeter Chair | OfficerTrustee | 5 | $0 |
Joan Brunner Co-Treasurer | OfficerTrustee | 4 | $0 |
Betsy Crisanti Co-Treasurer | OfficerTrustee | 5 | $0 |
Fabiola Perez Co-Secretary | OfficerTrustee | 3 | $0 |
Michelle Moreno Co-Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,750 |
| Membership dues | $0 |
| Fundraising events | $7,469 |
| Related organizations | $0 |
| Government grants | $762,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $610,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,398,990 |
| Total Program Service Revenue | $74,231 |
| Investment income | $1,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,474,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,083 |
| Compensation of current officers, directors, key employees. | $15,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,640 |
| Fees for services: Accounting | $10,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,090 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,824 |
| Advertising and promotion | $1,801 |
| Office expenses | $22,112 |
| Information technology | $1,102 |
| Royalties | $0 |
| Occupancy | $24,058 |
| Travel | $743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,653 |
| Insurance | $7,830 |
| All other expenses | $0 |
| Total functional expenses | $898,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,278 |
| Savings and temporary cash investments | $388,369 |
| Pledges and grants receivable | $50,177 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $809,534 |
| Accounts payable and accrued expenses | $690 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $0 |
| Total liabilities | $5,690 |
| Net assets without donor restrictions | $803,844 |
| 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 | $809,534 |