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Nonprofiteer
← UNTAPPED POTENTIAL PROJECT

Form 990 for tax year 2024

Filed by UNTAPPED POTENTIAL PROJECT.

Totals

Total revenue
$675,000
Total expenses
$532,478
Contributions and grants received
$675,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$137,162
Total liabilities, end of year
$105,542
Net assets or fund balances, end of year
$31,620
Program services expenses (Part IX)
$490,886
Management and general expenses
$15,347
Fundraising expenses
$26,245
Program service expenses (Part III)
$490,886

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $675,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $262,152 · program services $235,937 · fundraising $26,215

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $11,673 · management and general $11,673

  • 12 · Advertising and promotion

    total $1,870 · program services $1,870

  • 13 · Office expenses

    total $101 · management and general $101

  • 14 · Information technology

    total $303 · program services $258 · management and general $15 · fundraising $30

  • 17 · Travel

    total $15,069 · program services $15,069

  • 19 · Conferences, conventions and meetings

    total $199 · program services $199

  • 24a · Other expenses: Teaching

    total $219,553 · program services $219,553

  • 24b · Other expenses: Classroom Equipment

    total $18,000 · program services $18,000

  • 24e · All other expenses

    total $558 · management and general $558

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,519 · end of year $137,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,421 · end of year $105,542

  • 27 · Net assets without donor restrictions

    beginning of year -$110,902 · end of year $31,620

Mission and programs · 2024

Mission

The mission of The Untapped Potential Project ("UPP") is to advance public policy that optimizes educational outcomes for children with unique abilities.

Activities or mission (Part I)

Provided scholarships to bridge the gap between student skills and employer needs, creating new opportunities for prosperity while building community.

  • Alternative Post Secondary Education Advocacy

    Expenses $490,886

As filed on the 2024 return.

Listed in Part VII

  • Karin Norington-Reaves

    CEO

    Total calculated
    $0
    Hours/week
    2
  • James M Sweeney

    Secretary and Director

    Total calculated
    $0
    Hours/week
    2
  • Jim Conolly

    Director

    Total calculated
    $0
    Hours/week
    2
  • Don Finn

    Director

    Total calculated
    $0
    Hours/week
    2
  • Phaedra Leslie

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202511339349305881

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