Unified Potential Inc
- Assets
- $166.9k
- Revenue
- $266.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-0928918
Organization Overview
Unified Potential Inc is located in Lynchburg, VA. The organization was established in 2019. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unified 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNIFIED POTENTIAL IS PRIMARILY DEVOTED TO BUILDING SYSTEMS THAT ENABLE PEOPLE TO MAKE CONNECTIONS. IN PARTICULAR, THESE SYSTEMS WILL ENABLE ACCESS FOR UNDER-RESOURCED GROUPS TO WHOM EXISTING SYSTEMS ARE INACCESSIBLE. DOING BUSINESS AS MOVEUP, UNIFIED POTENTIAL PROVIDES PERSONS WITH CONNECTIONS TO NON-PROFIT TRANSPORTATION OPTIONS. THE SYSTEM IS DESIGNED TO BE ACCESSIBLE BY ALL INDIVIDUALS, REGARDLESS OF AGE OR FUNCTIONAL STATUS. THESE GROUPS INCLUDE BUT ARE NOT LIMITED TO: AMBULATORY ADULTS WITH LIMITED FINANCIAL MEANS; CHILDREN WHO MAY NEED TO BE TRANSPORTED WITH THE CONSENT OF PARENTS OR GUARDIANS BUT WITHOUT AN ADULT PRESENT; ADULTS WHO NEED ADDITIONAL ASSISTANCE AND ARE THUS SOMEWHAT VULNERABLE SUCH AS ELDERLY; DISABLED INDIVIDUALS IN FOLDING OR ELECTRIC WHEELCHAIRS; OR EVEN THOSE WITH MORE ADVANCED MEDICAL NEEDS SUCH AS TRAVELING WITH A CAREGIVER OR REQUIRING A NON-EMERGENT AMBULANCE TRANSPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES PERSONS WITH CONNECTIONS TO NON-PROFIT TRANSPORTATION OPTIONS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,978 |
| 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 | $70,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,018 |
| 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 | $66,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,573 |
| 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 | $0 |
| Advertising and promotion | $6,681 |
| Office expenses | $0 |
| Information technology | $708 |
| Royalties | $0 |
| Occupancy | $7,225 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,156 |
| Insurance | $249 |
| All other expenses | $150 |
| Total functional expenses | $177,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,247 |
| 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 | $159,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,938 |
| Accounts payable and accrued expenses | $1,474 |
| 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 | $2,481 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,108 |
| Total liabilities | $172,063 |
| Net assets without donor restrictions | -$5,125 |
| 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 | $166,938 |