Unlimited Potential Community Development Corporation
Fiscal Year
Fiscal Year Start
05/01/2023
Fiscal Year End
04/30/2024
Projected Revenue
$158,400.00
Projected Expenses
$137,210.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $464,690.00 | $168,545.00 | $109,978.00 |
| Total Expenses | $233,158.00 | $165,523.00 | $136,348.00 |
| Revenue Less Expenses | $231,532.00 | $3,022.00 | ($26,370.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $88,472.00 | $65,593.00 | $53,477.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $78,254.00 | $102,951.00 | $56,500.00 |
| Investment Income, Net of Losses | $290,414.00 | $1.00 | $1.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $233,158.00 | $165,523.00 | $136,348.00 |
| Administration Expense | $0.00 | $0.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 199% | 102% | 81% |
| Program Expense/Total Expenses | 100% | 100% | 100% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Investment Income $290,414.00 | Program Revenue $102,951.00 | Program Revenue $56,500.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $88,472.00 | Contributions, Gifts, and Grants $65,593.00 | Contributions, Gifts, and Grants $53,477.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $78,254.00 | Investment Income $1.00 | Investment Income $1.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $272,010.00 | $48,417.00 | $38,113.00 |
| Current Assets | $252,194.00 | $38,290.00 | $23,665.00 |
| Long-Term Liabilities | $0.00 | $7,282.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $272,010.00 | $41,135.00 | $38,113.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
October
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
| Letter in leiu of Audit | 2018 |
CEO/Executive Director/Board Comments
| This is our first year taking over Unlimited Potential. We are basically starting over and updating everything. Covid19 hit just after we started and things were at a stalemate. At some point, we will probably need some one on one with you to make sure that we are going in the right direction. Fundraising is the ultimate priority but that will be the same for all non-profits. |
Foundation Staff Comments
| Financial figures taken from 990. Form 990 was prepared by McMurray, Fox & Associates, PLLC. Foundation or corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in the 990EZ. Comment provided by Nicole Rose 08/07/2023. |
