Partners 1024
- Assets
- $28.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Needville, TX
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2238660
Organization Overview
Partners 1024 is located in Needville, TX. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners 1024 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 1024 generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (50.2%) each year. All expenses for the organization totaled $43.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE GOAL OF PARTNERS 1024 IS TO CONNECT BUSINESSES AND OTHER RESOURCED ORGANIZATIONS WITH WAYS THAT THEIR RESOURCES CAN MAKE AN IMPACT IN THEIR COMMUNITY. PARTNERS 1024 WAS ABLE TO CONNECT SIX (6) ORGANIZATIONS TO PREVIOUSLY UNEXPLORED WAYS TO BE INVOLVED IN THEIR COMMUNITY. THOSE CONNECTIONS IMPACTED THE MISSION OF TEN (10) DIFFERENT ORGANIZATIONS IN THE COMMUNITY. THESE RELATIONSHIPS WERE A CONDUIT USED TO TRANSFER FOOD, EDUCATIONAL EXPERIENCES, HOME REPAIRS, TEACHER SUPPORT, CHRISTMAS GIFTS AND ON-GOING SUPPORT RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Toon President & CEO | 25 | $28,667 | |
Holly Ford Secretary | 1 | $0 | |
Travis Toon Vice President | 1 | $0 | |
Shiree Toon Treasurer | 1 | $0 | |
John Jeremiah Belk Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,530 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,675 |
| Professional fees and other payments to independent contractors | $4,467 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,850 |
| Total expenses | $42,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,761 |
| Other assets | $0 |
| Total assets | $28,761 |
| Total liabilities | $1,821 |
| Net assets or fund balances | $26,940 |
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