Overview
What is Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc, based in Cleveland, Ohio, is a dedicated nonprofit organization. Their primary objective is to offer advisory services, financial solutions, and advocacy, aiming to strengthen resilient individuals and communities that have historically been under-resourced and undervalued. The ultimate goal is to enhance quality of life, outputs, and outcomes, with a specific focus on disadvantaged communities and individuals. The organization, with a team of five employees, strives to make a tangible impact in these underserved sectors.
Official website here: www.growthopps.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83%, Three-Star out of Four Star rating.
Growth Opportunity Partners Inc has received an overall score of 83%, reflecting strong accountability and finance practices. The rating is entirely based on a single beacon score, showcasing their commitment to financial transparency and effective governance, as evidenced by their independent board members and robust oversight policies.
The organization demonstrates significant strengths in its program expense ratio and fundraising efficiency, indicating that it effectively allocates funds towards its mission and does not incur fundraising costs. However, it faces challenges with its liabilities to assets ratio, which suggests potential financial risks that could affect its long-term sustainability.
While Growth Opportunity Partners Inc maintains a comprehensive set of policies, including conflict of interest and whistleblower protections, the lack of independent board members could raise questions about governance diversity. Overall, the nonprofit's strong financial practices and commitment to accountability contribute positively to its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Growth Opportunity Partners Inc legitimate?
Growth Opportunity Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Growth Opportunity Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $752,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,587
For more financial information, click here
Official website here: www.growthopps.org
What is the mission statement of Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc's mission is to offer advisory services, financial solutions, and advocacy, aimed at strengthening resilient individuals and communities that have historically been under-resourced and undervalued. The ultimate goal is to enhance the quality of life, outputs, and outcomes for these communities and individuals, with a specific focus on disadvantaged groups. The organization strives to improve their circumstances and promote their well-being.
Official website here: www.growthopps.org
Who is the CEO of Growth Opportunity Partners Inc?
Michael T Jeans is the President / of Growth Opportunity Partners Inc.
Official website here: www.growthopps.org
What is the revenue of Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc's revenue in 2022 was $2,590,724.
Official website here: www.growthopps.org
Who are the executives of Growth Opportunity Partners Inc and what are their salaries?
The average compensation at Growth Opportunity Partners Inc during 2022 was $169,975. There are 5 employees at Growth Opportunity Partners Inc.
Here are 7 key members and their salaries:
- Compensation: $425,000
- Related: $0
- Other: $21,504
- Compensation: $148,217
- Related: $0
- Other: $5,067
- Compensation: $147,459
- Related: $0
- Other: $5,041
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.growthopps.org
Where can I find the form 990 for Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growthopps.org
Learn more at the official website: www.growthopps.org
Mission Statement of Growth Opportunity Partners Inc
Growth Opportunity Partners Inc, a nonprofit organization, is committed to providing advisory services, financial solutions, and advocacy. Their mission is to cultivate more resilient individuals and communities that have been historically under-resourced and under-valued. By improving the quality of life, outputs, and outcomes, they aim to make a significant impact, particularly in disadvantaged communities and individuals. Their focus is on enhancing the well-being and success of these underrepresented groups, ultimately working towards a more equitable society.
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Impact
July, 2024
Growth Opportunity Partners Inc's impact lies in providing advisory services, financial solutions, and advocacy to cultivate more resilient persons and communities, particularly focusing on under-resourced and undervalued individuals. By striving to improve the quality of life, outputs, and outcomes in disadvantaged communities, the organization actively works towards enhancing the well-being and empowerment of individuals and communities in need.
This information is meant to be a general summary of Growth Opportunity Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,918
- Program Service Revenue: $182,083
- Gross Receipts: $2,590,724
Assets and Liabilities:
- Total Assets: $7,846,815
- Total Liabilities: $4,651,562
- Net Assets: $3,195,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST REVENUE
Revenue
$114,754
LOAN FEES
Revenue
$67,329
Organization Details
Founding Year
2015
Principal Officer
Michael T Jeans
Main Address
6001 EUCLID AVE STE 120, CLEVELAND, OH, 44103
Website
www.growthopps.orgNTEE Category
Code: S02 - Community improvement
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