Partners For Potential Inc
- Assets
- $2.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 77
- Location
- Van Nuys, CA
- Founding
- 01/1988
- Data as of
- 06/2021
- EIN
- 95-3804117
Organization Overview
Partners For Potential Inc is located in Van Nuys, CA. The organization was established in 1988. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Partners For Potential Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For 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 06/2021, Partners For Potential Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 6.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY INTEGRATION, VOCATIONAL AND LIFE SKILLS TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS FOR MULTICULTURAL ADULTS WITH DEVELOPMENTAL DISABILITIES, INCLUDING COMMUNITY-BASED ADULT DAY PROGRAM, TRANSPORTATION, AND INDEPENDENT LIVING SKILLS. PROVIDED SUPERVISION AND TRAINING IN THE AREAS OF SELF-DETERMINATION, ADULT LIFE SKILLS, MOBILITY AND EMPLOYMENT. TRAINING TAKES PLACE AT VARIOUS LOCATIONS IN THE COMMUNITY SUCH AS ADULT SCHOOLS, LIBRARIES, PARKS, PUBLIC TRANSPORTATION NETWORKS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Moynihan Chief Executive Officer | Officer | 40 | $141,500 |
Erik Hendrickson Chair | OfficerTrustee | 1 | $0 |
Jessica Patterson Secretary | OfficerTrustee | 1 | $0 |
Robert Baer Vice-Chair | OfficerTrustee | 1 | $0 |
Alexa Magallon Board Member | OfficerTrustee | 1 | $0 |
Mark Burchell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,583 |
| Investment income | $13,663 |
| 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 | $3,874,444 |
| Statement of Expenses | |
|---|---|
| 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. | $141,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,215,732 |
| Pension plan accruals and contributions | $54,143 |
| Other employee benefits | $510,692 |
| Payroll taxes | $148,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,574 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,194 |
| Royalties | $0 |
| Occupancy | $129,888 |
| Travel | $19,407 |
| 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 | $34,843 |
| Insurance | $100,456 |
| All other expenses | $0 |
| Total functional expenses | $3,490,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,099,435 |
| Savings and temporary cash investments | $816,985 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $457,960 |
| 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 | $32,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,952 |
| Total assets | $2,630,653 |
| Accounts payable and accrued expenses | $383,862 |
| 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 | $383,862 |
| 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 |
| Total liabilities and net assets/fund balances | $2,246,791 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Partners For Potential Inc has recieved totaling $7,661.
| Awarding Organization | Amount |
|---|---|
Marcia And Lawrence Israel Foundation Inc Los Angeles, CA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latino Network Portland, OR | $14,141,237 | $24,219,823 |
International Institute Of Los Angeles Los Angeles, CA | $9,181,850 | $14,413,283 |
United American Indian Involvement Los Angeles, CA | $19,669,304 | $14,688,054 |
Koreatown Youth And Community Center Inc Los Angeles, CA | $5,959,356 | $13,191,369 |
The Fresno Center Fresno, CA | $5,685,334 | $12,082,399 |
Latino Center For Prevention & Action In Health & Welfare Santa Ana, CA | $6,603,881 | $11,325,815 |
Alu Like Inc Honolulu, HI | $2,290,492 | $9,028,851 |
Sacramento Chinese Community Service Center Inc Sacramento, CA | $4,354,396 | $9,145,000 |
Central American Resource Center - Carecen - Of California Los Angeles, CA | $10,035,647 | $7,843,220 |
Central American Resource Center Carecen Of Northern California San Francisco, CA | $2,586,265 | $9,324,571 |
Alianza Nacional De Campesinas Inc Oxnard, CA | $1,552,318 | $8,642,187 |
The Seventh Generation Fund For Indigenous Peoples Inc Arcata, CA | $11,269,311 | $11,321,749 |