Totals
- Total revenue
- $957,579
- Total expenses
- $641,940
- Contributions and grants received
- $944,274
- Grants paid
- $92,978
- Program service revenue
- $0
- Investment income
- $13,305
- Other revenue
- $0
- Total assets, end of year
- $941,861
- Total liabilities, end of year
- $76,976
- Net assets or fund balances, end of year
- $864,885
- Program services expenses (Part IX)
- $509,100
- Management and general expenses
- $46,801
- Fundraising expenses
- $86,039
- Program service expenses (Part III)
- $509,100
Program services were 79.3% 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.
-
1e · Government grants (contributions)
$71,672
-
1f · All other contributions, gifts and grants
$872,602
-
3 · Investment income
total $12,756 · excluded $12,756
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $35,335
-
7b · Less cost or other basis and sales expenses
securities $34,786
-
7c · Gain or loss
securities $549
-
7d · Net gain or loss
total $549 · excluded $549
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $92,978 · program services $92,978
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $112,520 · program services $73,138 · management and general $11,252 · fundraising $28,130
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $274,014 · program services $228,359 · management and general $8,074 · fundraising $37,581
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $44,009 · program services $34,327 · management and general $2,201 · fundraising $7,481
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,700 · management and general $5,700
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $34,652 · program services $28,335 · management and general $4,942 · fundraising $1,375
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,532 · program services $6,823 · management and general $6,897 · fundraising $3,812
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $44,537 · program services $34,702 · management and general $2,235 · fundraising $7,600
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,608 · management and general $1,608
-
24a · Other expenses: TELECOMMUNICATIONS
total $6,249 · program services $3,473 · management and general $2,776
-
24b · Other expenses: EVENTS
total $4,402 · program services $3,541 · management and general $801 · fundraising $60
-
24c · Other expenses: EMERGENCY FUNDS
total $2,050 · program services $2,050
-
24d · Other expenses: RECRUITMENT
total $1,689 · program services $1,374 · management and general $315
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $91,041 · end of year $208,121
-
2 · Savings and temporary cash investments
beginning of year $463,962 · end of year $528,205
-
3 · Pledges and grants receivable
end of year $127,160
-
4 · Accounts receivable
beginning of year $8,012 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $4,448 · end of year $5,457
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,996 · end of year $72,918
-
17 · Accounts payable and accrued expenses
beginning of year $11,230 · end of year $2,337
-
25 · Other liabilities
beginning of year $14,983 · end of year $74,639
-
27 · Net assets without donor restrictions
beginning of year $501,018 · end of year $584,000
-
28 · Net assets with donor restrictions
beginning of year $48,228 · end of year $280,885
Mission and programs · 2022
Mission
TO CLOSE THE OPPORTUNITY DIVIDE IN MONTGOMERY COUNTY BY PROVIDING LOW-INCOME, FIRST- GENERATION-TO-COLLEGE YOUNG ADULTS WITH THE TOOLS, SKILLS AND RESOURCES TO ACHIEVE LASTING ECONOMIC SELF-SUFFICIENCY
-
THE PROGRAM ENTRY POINT, THE 15-WEEK SELF-ADVOCACY SKILLS AND CAREER DEVELOPMENT SEMINAR,OFFERS CAREER EXPLORATION, RESUME AND INTERVIEWING SKILLS, PROBLEM SOLVING AND TIME MANAGEMENT. POST-SEMINAR SERVICES INCLUDE MENTORING, CAREER COACHING, TUTORING, SCHOLARSHIPS, INTERNSHIPS AND ACADEMIC ADVISING.APPROXIMATELY 300 STUDENTS ARE SERVED INDIVIDUALLY AND INTENSIVELY EACH YEAR
Expenses $509,100
As filed on the 2022 return.
Listed in Part VII
-
Mindi JacobsonMINDI JACOBSON
Executive Dir.
- Total calculated
- $104,398
- From this org
- $104,398
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Marc BastowMARC BASTOW
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Delight DzansiDELIGHT DZANSI
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Carlos LugoCARLOS LUGO
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Jeff MillerJEFF MILLER
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
George QuinnGEORGE QUINN
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Sherri HillieSHERRI HILLIE
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Max ShevitzMAX SHEVITZ
President
- Total calculated
- $0
- Hours/week
- 6
-
Leigh HenryLEIGH HENRY
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Ken WeinerKEN WEINER
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 5
-
Marilyn BalcombeMARILYN BALCOMBE
Vice President
- Total calculated
- $0
- Hours/week
- 2.5
-
Tonya MasonTONYA MASON
Secretary
- Total calculated
- $0
- Hours/week
- 2.5
-
Kelly JenningsKELLY JENNINGS
Treasurer
- Total calculated
- $0
- Hours/week
- 3
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
- 2022
- Filed
- 7 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440679349300934
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