Full Potential Project
- Assets
- $207.6k
- Revenue
- $347.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Rostraver Township, PA
- Founding
- Data as of
- 12/2022
- EIN
- 83-4345060
Organization Overview
Full Potential Project is located in Rostraver Township, PA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Full Potential Project employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Full Potential Project 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, Full Potential Project generated $347.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $299.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WILL ENHANCE THE QUALITY OF COMMUNITY LIFE AND THE QUALITY OF THE PERSONAL LIVES OF PERSONS AND FAMILIES IN AND AROUND THE MON-VALLEY AREA BY PROVIDING CARE SERVICES, EDUCATIONAL PROGRAMS, YOUTH ACTIVITIES, AND OTHER ACTIVITIES NECESSARY, AND IN UNIQUE WAYS, TO ENHANCE THE QUALITY OF LIFE OF THE COMMUNITY.
Describe the Organization's Program Activity:
THE FULL POTENTIAL PROJECT PARTNERED WITH COMMUNITY SCHOOLS TO ENHANCE STUDENT LITERACY BY OFFERING ON SITE TUTORING AND READING COACHING. THE PROGRAM REACHED OVER 45 STUDENTS THROUGH THE ASSISTANCE OF 23 VOLUNTEERS IN ITS INAUGURAL YEAR.
THE FULL POTENTIAL PROJECT OPERATES A COFFEE SHOP WITHIN THE ORGANIZATION'S FACILITY. THE MAIN PURPOSE OF THE ACTIVITY IS TO PROVIDE A SAFE AND RELAXING ENVIRONMENT TO COMMUNITY MEMBERS WHOSE STUDENTS ARE PARTICIPATING IN THE PROGRAM ACTIVITIES. THE COFFEE SHOP HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR TO ENHANCE LITERACY, CREATIVE EXPRESSION THROUGH ARTS AND CRAFTS, AND WEEKLY MENTORSHIP PROGRAMS FOR MEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Boger Secretary | OfficerTrustee | $0 | |
Timothy Burgan President | OfficerTrustee | $0 | |
Sherri Cappalonga Treasurer | OfficerTrustee | $0 | |
Mike Hough Board Member | Trustee | $0 | |
Lisa Lyons Vice-Preside | OfficerTrustee | $0 |
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 | $154,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,798 |
| Total Program Service Revenue | $193,100 |
| 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 | $347,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,303 |
| 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 | $73,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,334 |
| 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 | $2,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,574 |
| 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 | $63,079 |
| Insurance | $4,167 |
| All other expenses | $10,366 |
| Total functional expenses | $299,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,670 |
| 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 | $120,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,552 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,779 |
| Total liabilities | $12,779 |
| Net assets without donor restrictions | $0 |
| 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 | $194,773 |
| Total liabilities and net assets/fund balances | $207,552 |