Unlocking Potential Foundation
- Assets
- $7.3k
- Revenue
- $570.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, VA
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 82-1811573
Organization Overview
Unlocking Potential Foundation is located in Alexandria, VA. The organization was established in 2017. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2020, Unlocking Potential Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlocking Potential Foundation 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 12/2020, Unlocking Potential Foundation generated $570.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $618.7k during the year ending 12/2020. While expenses have increased by 13.1% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
UNLOCKING POTENTIAL FOUNDATION'S MISSION IS TO ASSIST OTHER RECOGNIZED CHARITABLE ORGANIZATIONS IN USING THEIR EXISTING RESOURCES MORE EFFECTIVELY TO ACHIEVE HIGHER PERFORMANCE AND GREATER EFFICACY. TO THIS END THE FOUNDATION'S PRIMARY ACTIVITY IS TO DESIGN AND IMPLEMENT EDUCATIONAL PROGRAMS FOR OFFICERS EMPLOYEES AND VOLUNTEERS OF CHARITABLE ORGANIZATIONS TO IMPART PROBLEM-SOLVING AND LEADERSHIP SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNLOCKING POTENTIAL FOUNDATION STAFF CONSULTANTS AND LEADERSHIP DESIGNED A LEADERSHIP DEVELOPMENT VIRTUAL AND DIGITAL PROGRAM AND BEGAN DELIVERING IT TO NON-PROFITS AND VOLUNTEERS. THIS WAS IN RESPONSE TO COVID-19 PANDEMIC.
UNLOCKING POTENTIAL FOUNDATION STAFF CONSULTANTS AND LEADERSHIP DELIVERED LEADERSHIP DEVELOPMENT IN PERSON. THE PROGRAM OUTCOMES INCLUDES PARTICIPANTS BETTER UNDERSTAND HOW TO SOLVE PROBLEMS.
UNLOCKING POTENTIAL FOUNDATION STAFF CONSULTANTS AND LEADERSHIP USE THE UNLOCKING POTENTIAL CURRICULUM TO HELP NON-PROFITS WITH THEIR STRATEGIC PLANNING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Enders CEO | Officer | 55 | $195,000 |
Carleton Fiorina Chairman And Director | Trustee | 25 | $0 |
Jehan El Bayoumi Director | Trustee | 1 | $0 |
Fred Thompson Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,650 |
| Total Program Service Revenue | $102,381 |
| 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 | $570,031 |
| 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. | $232,990 |
| Compensation of current officers, directors, key employees. | $29,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,001 |
| Payroll taxes | $20,126 |
| Fees for services: Management | $79,450 |
| Fees for services: Legal | $430 |
| 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 | $56,036 |
| Advertising and promotion | $65,762 |
| Office expenses | $4,220 |
| Information technology | $10,093 |
| Royalties | $0 |
| Occupancy | $53,474 |
| Travel | $7,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,453 |
| All other expenses | $0 |
| Total functional expenses | $618,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,286 |
| Accounts payable and accrued expenses | $8,074 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,074 |
| Net assets without donor restrictions | -$788 |
| 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 | $7,286 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Unlocking Potential Foundation has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
American Express Foundation New York, NY PURPOSE: SUPPORT OF COMMUNITY SERVICE CENTERS | $50,000 |
American Express Foundation New York, NY PURPOSE: DEVELOPING LEADERS | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Foundation Inc Raleigh, NC | $52,338,286 | $27,866,306 |
Journey Community Schools Inc Memphis, TN | $16,345,861 | $21,829,852 |
Chimes International Limited Baltimore, MD | $27,793,802 | $12,963,258 |
American Association Of School Administrators Inc Alexandria, VA | $25,509,249 | $12,791,063 |
Virginia Commonwealth University School Of Business Foundation Richmond, VA | $84,853,521 | $9,838,833 |
Promise54 Washington, DC | $6,091,539 | $5,405,202 |
National Disability Institute Inc Washington, DC | $4,364,302 | $4,131,666 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Challenge Foundation Properties Inc Forest City, NC | $29,091,994 | $2,761,233 |
National Council For Community And Education Partnerships Washington, DC | $6,967,985 | $4,649,629 |
Union Square Campus Inc Greensboro, NC | $23,257,665 | $2,077,475 |
The Circe Institute Inc Concord, NC | $692,773 | $1,911,107 |