Skip to content
Nonprofiteer
← GROWTH OPPORTUNITY PARTNERS INC

Form 990 for tax year 2024

Filed by GROWTH OPPORTUNITY PARTNERS INC.

Totals

Total revenue
$1,164,841
Total expenses
$2,721,264
Contributions and grants received
$1,081,000
Grants paid
$339,650
Program service revenue
$37,568
Investment income
$44,418
Other revenue
$1,855
Total assets, end of year
$2,889,497
Total liabilities, end of year
$3,094,811
Net assets or fund balances, end of year
-$205,314
Program services expenses (Part IX)
$1,356,446
Management and general expenses
$1,364,818
Fundraising expenses
$0
Program service expenses (Part III)
$1,356,446

Program services were 49.8% 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

    $1,081,000

  • 2a · Program service revenue: LOAN INTEREST

    total $37,568 · related or exempt $37,568

  • 3 · Investment income

    total $44,418 · excluded $44,418

  • 11a · Other revenue: OTHER INCOME

    total $1,855 · excluded $1,855

  • 11e · Other revenue, total

    $1,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $339,650 · program services $339,650

  • 7 · Other salaries and wages

    total $1,104,350 · program services $700,196 · management and general $404,154

  • 11b · Fees: legal

    total $197,798 · management and general $197,798

  • 11c · Fees: accounting

    total $173,875 · management and general $173,875

  • 11g · Fees: other

    total $364,138 · program services $58,530 · management and general $305,608

  • 12 · Advertising and promotion

    total $89,517 · program services $6,688 · management and general $82,829

  • 13 · Office expenses

    total $803 · management and general $803

  • 14 · Information technology

    total $50,183 · management and general $50,183

  • 16 · Occupancy

    total $166,135 · program services $88,194 · management and general $77,941

  • 17 · Travel

    total $35,916 · management and general $35,916

  • 20 · Interest

    total $40,191 · program services $40,191

  • 22 · Depreciation, depletion and amortization

    total $9,294 · management and general $9,294

  • 24a · Other expenses: CREDIT LOSSES

    total $112,371 · program services $112,371

  • 24b · Other expenses: OPERATING EXPENSES

    total $34,868 · program services $9,570 · management and general $25,298

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,175 · program services $1,056 · management and general $1,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,572,591 · end of year $441,778

  • 2 · Savings and temporary cash investments

    beginning of year $2,981,828 · end of year $1,470,502

  • 4 · Accounts receivable

    beginning of year $183,811 · end of year $227,035

  • 7 · Other notes and loans receivable

    beginning of year $818,005 · end of year $547,605

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,691 · end of year $4,737

  • 10a · Land, buildings and equipment: cost or other basis

    $130,776

  • 10b · Land, buildings and equipment: accumulated depreciation

    $100,347

  • 10c · Land, buildings and equipment, net

    beginning of year $39,723 · end of year $30,429

  • 15 · Other assets

    beginning of year $272,695 · end of year $167,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $390,623 · end of year $143,888

  • 24 · Unsecured notes and loans payable

    beginning of year $3,855,203 · end of year $2,781,623

  • 25 · Other liabilities

    beginning of year $279,409 · end of year $169,300

  • 27 · Net assets without donor restrictions

    beginning of year -$3,079,632 · end of year -$4,636,055

  • 28 · Net assets with donor restrictions

    beginning of year $4,430,741 · end of year $4,430,741

Mission and programs · 2024

Mission

TO PROVIDE ADVISORY SERVICES, FINANCIAL SOLUTIONS, AND ADVOCACY, TO CULTIVATE MORE RESILIENT PERSONS AND COMMUNITIES PREVSIOUSLY UNDER-RESOURCED AND UNDER-VALUED, UTILIMATELY TO IMPORVE QUALITY OF LIFE, OUTPUTS, AND OUTCOMES WITH A PARTICULAR FOCUS ON DISADVANTAGED COMMUNITIES AND PERSONS.

  • TO PROVIDE ADVISORY SERVICES, FINANCIAL SOLUTIONS, AND ADVOCACY, TO CULTIVATE MORE RESILIENT PERSONS AND COMMUNITIES PREVSIOUSLY UNDER-RESOURCED AND UNDER-VALUED, UTILIMATELY TO IMPORVE QUALITY OF LIFE, OUTPUTS, AND OUTCOMES WITH A PARTICULAR FOCUS ON DISADVANTAGED COMMUNITIES AND PERSONS.

    Expenses $1,356,446 · Revenue $37,568

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Jeans

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $0
    Hours/week
    65

  • Ndeda Letson

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    7

  • Sheila Wright

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Richard Jankura

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Donet Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcus Glanton

    CHIEF OPERATING OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Jeffrey Clawson

    CHIEF CREDIT OFFICER

    Total calculated
    $0
    Hours/week
    40

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

  • CARTECOR MANAGEMENT

    $50,000

    GOBE 2023 ENTERPERNEUR SHOWCASE

  • PHENOMENAL FOODS CO LLC

    $50,000

    GOBE 2023 ENTERPERNEUR SHOWCASE

  • FURAHI - A TASTE OF HOME

    $10,000

    GOBE 2023 ENTERPERNEUR SHOWCASE

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349313002

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.