2024-04-10T23:19:14-05:00 2023-06-30 562306396 BEACH FREEMAN LIM & CLELAND LLP 861 PARKVIEW DR N SUITE 200 EL SEGUNDO CA 90245 990 2022-07-01 953804117 PARTNERS FOR POTENTIAL INC PART 8189970819 6255 VAN NUYS BLVD VAN NUYS CA 91401 LISA WILLIAMSEN CHIEF EXECUTIVE OFFICER 8189970819 2024-04-03 1 LISA WILLIAMSEN 999009999 0 STEVE CLELAND P00367242 3104471234 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIK HENDRICKSON 6255 VAN NUYS BLVD VAN NUYS CA 91401 3463839 0 X WWW.PARTNERSFORPOTENTIAL.ORG X 1982 CA PROVIDE COMMUNITY INTEGRATION, VOCATIONAL AND LIFE SKILLS TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. 12 12 77 0 0 0 52072 16862 3268912 3427474 9668 19503 0 0 3330652 3463839 0 0 0 0 2609690 2583614 0 0 4386 640377 692553 3250067 3276167 80585 187672 3144850 3269749 817474 754702 2327376 2515047 PARTNERS FOR POTENTIAL, INC. WAS FOUNDED TO PROVIDE PROGRAMS AND SERVICES THAT PROMOTE INDEPENDENCE, ACCESS TO COMMUNITY RESOURCES, AND A BETTER QUALITY OF LIFE FOR MULTICULTURAL ADULTS WITH DEVELOPMENTAL DISABILITIES AND OTHER UNDERSERVED POPULATIONS. 0 0 2905780 3427474 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. 2905780 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 77 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 CA X HATCHER CFO SOLUTIONS 2132905802 11301 OLYMPIC BOULEVARD SUITE 594 LOS ANGELES CA 90064 ERIK HENDRICKSON CHAIR 1.00 X X 0 0 0 ROBERT BAER VICE-CHAIR 1.00 X X 0 0 0 JESSICA PATTERSON SECRETARY 1.00 X X 0 0 0 ELIZA MINASSIAN BOARD MEMBER 1.00 X 0 0 0 DANA NIALIS- SLAUSON BOARD MEMBER 1.00 X 0 0 0 TIMOTHY REYNOLDS BOARD MEMBER 1.00 X 0 0 0 ALEXA MAGALLON TREASURER 1.00 X X 0 0 0 ZAC TURKE BOARD MEMBER 1.00 X 0 0 0 MISTY MONTGOMERY BOARD MEMBER 1.00 X 0 0 0 LIZ BODIE BOARD MEMBER 1.00 X 0 0 0 CHLOE WAZIR BOARD MEMBER 1.00 X 0 0 0 LISA WILLIAMSEN CHIEF EXECUTIVE OFFICER 40.00 X 120000 0 0 120000 0 0 1 0 0 0 0 3500 13362 16862 DAY PROGRAM 611710 2868616 2868616 DAY PROGRAM TRANSPORTA 611710 558733 558733 125 125 3427474 19503 19503 3463839 3427474 0 19503 121224 120012 1212 1916391 1878064 38327 38125 35139 2963 23 340710 314031 26476 203 167164 154075 12990 99 83589 83589 12560 9945 2615 159900 140712 17589 1599 210667 200721 9946 7026 7026 47784 44043 3713 28 56874 44509 12336 29 RECRUITMENT EXPENSE 25937 23906 2016 15 DUES AND SUBSCRIPTIONS 18061 18061 UTILITIES 14843 13681 1153 9 TELEPHONE 13434 12382 1044 8 41878 27546 13171 1161 3276167 2905780 366001 4386 1238735 1475705 825986 842482 75000 50000 311362 362459 50189 49784 420398 360460 96188 59938 547390 429381 3144850 3269749 274211 345392 543263 409310 817474 754702 X 2252376 2465047 75000 50000 2327376 2515047 3144850 3269749 187672 0 X 0 1 X 1 0 X 156695 35676 158783 52072 16862 420088 3289555 3680539 3612795 3266400 3427349 17276638 3446250 3716215 3771578 3318472 3444211 17696726 0 0 0 17696726 12384 18883 13663 9668 19503 74101 12384 18883 13663 9668 19503 74101 1255 1440 89203 2512 125 94535 3459889 3736538 3874444 3330652 3463839 17865362 0.99060 0.99100 0.00410 0.00360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 301591 259983 41608 118807 100477 18330 59938 DEPOSIT 33002 ROU ASSET 396379 429381 LEASE LIABILITIES 409310 409310 X 3463840 0 3463840 0 3463840 3276168 0 3276168 0 3276168 PART X, LINE 2: THE ORGANIZATION EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE TAX POSITIONS WERE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRED TO BE RECORDED OR DISCLOSED AS OF YEAR-END. FORM 990, PART VI, SECTION B, LINE 11B PROCEDURES - AUDIT COMMITTEE REVIEW OF FORM 990 THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A DRAFT OF THE FORM 990 SHOULD BE READY FOR REVIEW BY THE AUDIT COMMITTEE PRIOR TO THE FILING DEADLINE. AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE AUDIT COMMITTEE, THEY WILL HAVE NO MORE THAN TWO WEEKS TO COMPLETE THEIR REVIEW. IN CONDUCTING THEIR REVIEW OF THE DRAFT OF THE FORM 990, IT IS PREFERRED THAT THE AUDIT COMMITTEE SHALL CONDUCT A TOP-LEVEL OR BIG-PICTURE TYPE OF REVIEW. HOWEVER, IF THE AUDIT COMMITTEE DESIRES OR DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THEY SHOULD CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVANT DETAILED TAX RETURN WORKPAPERS WHICH THEY WOULD LIKE TO SEE. ONCE THE AUDIT COMMITTEE HAS COMPLETED ITS INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL WILL BE SCHEDULED WITH THE PREPARER OF THE FORM 990 (REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AUDIT COMMITTEE. THE PREPARER OF THE FORM 990 SHOULD MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS. ALL OF THE QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE AUDIT COMMITTEE SHOULD BE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE WILL MAKE A PRESENTATION AT THE NEXT FULL BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING ITS REVIEW OF THE FORM 990. AT THIS MEETING WITH THE FULL BOARD OF DIRECTORS, IT IS NOT REQUIRED FOR THE AUDIT COMMITTEE TO REVIEW ALL OF THEIR QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS; A SUMMARY OF THEIR MORE IMPORTANT POINTS WILL BE SUFFICIENT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS OUT CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. CASE BY CASE AS ACTION ITEMS ARE PASSED IT IS DISCUSSED WHETHER OR NOT THERE IS A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ANNUALLY REVIEW COMPENSATION FOR ALL EMPLOYEES USING INDUSTRY AND COMPARABLE ORGANIZATION DATA. FORM 990, PART VI, SECTION C, LINE 18 PROCEDURES - PUBLIC INSPECTION OF DOCUMENTS THE FOLLOWING ORGANIZATIONAL DOCUMENTS OF THE ORGANIZATION WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE: -TAX EXEMPTION APPLICATION (FORM 1023) -INTERNAL REVENUE SERVICE DETERMINATION LETTER -ARTICLES OF INCORPORATION -BY-LAWS THE PUBLIC INSPECTION COPY OF THE ORGANIZATION'S FORM 990, FROM THE PREVIOUS THREE YEARS (AT A MINIMUM), WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT THE ORGANIZATION'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE AND WILL ALSO BE POSTED AT WWW.GUIDESTAR.ORG. THE PUBLIC INSPECTION COPY OF THE FORM 990 WILL NOT INCLUDE THE SCHEDULE A EXCESS CONTRIBUTORS OR THE SCHEDULE B NAMES AND ADDRESSES OF CONTRIBUTORS. THE ORGANIZATION WILL MAKE BEST EFFORTS TO ENSURE THAT THE FORMS 990 HELD AT THEIR MAIN OFFICE ARE THE MOST UPDATED VERSIONS OF SUCH. FOR EXAMPLE, IN THE INSTANCE WHERE A FORM 990 HAS BEEN AMENDED, THE AMENDED VERSION OF THE FORM 990 SHOULD BE THE ONE AVAILABLE FOR PUBLIC INSPECTION. WHEN RESPONDING TO A PUBLIC INSPECTION REQUEST FOR ANY ORGANIZATIONAL DOCUMENT OR FORM 990 BY ANYONE, THE ORGANIZATION SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CURRENTLY DOES NOT MAKE ITS AUDITED FINANCIAL STATEMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC.