Civic Intelligence

Growth Opportunity Partners Inc.

990 • Fiscal year 2018 • EIN 47-4257622

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 28, 2019

Organization ProfileWWW.GROWTHOPPS.ORG

View Organization Page

6001 Euclid Ave Ste 120Cleveland, OH 44103

(216) 462-0640

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.71x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.17x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

23rd percentile

-8.2%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$277,785

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 33.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-57%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$4,902,685

Down $269,730 (-5.2%) from 2017

Net Assets

Down

$1,425,880

Down $68,169 (-4.6%) from 2017

Liabilities

Down

$3,476,805

Down $201,561 (-5.5%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin23rd percentile

Revenue

Down

$834,335

Down $1,118,903 (-57%) from 2017

Expenses

Up

$902,504

Up $47,530 (+5.6%) from 2017

Net Income

Down

-$68,169

Down $1,166,433 (-106%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2015: $578,843Liabilities 2015: $870,073Net Assets 2015: -$291,2302015Assets 2016: $4,757,585Liabilities 2016: $4,361,800Net Assets 2016: $395,7852016Assets 2017: $5,172,415Liabilities 2017: $3,678,366Net Assets 2017: $1,494,0492017Assets 2018: $4,902,685Liabilities 2018: $3,476,805Net Assets 2018: $1,425,8802018Assets 2019: $4,457,578Liabilities 2019: $3,322,259Net Assets 2019: $1,135,3192019Assets 2020: $7,134,232Liabilities 2020: $4,456,510Net Assets 2020: $2,677,7222020Assets 2021: $6,981,193Liabilities 2021: $4,236,388Net Assets 2021: $2,744,8052021Assets 2022: $7,846,815Liabilities 2022: $4,651,562Net Assets 2022: $3,195,2532022Assets 2023: $5,876,344Liabilities 2023: $4,525,235Net Assets 2023: $1,351,1092023Assets 2024: $2,889,497Liabilities 2024: $3,094,811Net Assets 2024: -$205,3142024

Highlighted filing

2018

Assets$4,902,685
Liabilities$3,476,805
Net Assets$1,425,880
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $363,131Expenses 2015: $654,361Net Income 2015: -$291,2302015Revenue 2016: $1,340,687Expenses 2016: $653,670Net Income 2016: $687,0172016Revenue 2017: $1,953,238Expenses 2017: $854,974Net Income 2017: $1,098,2642017Revenue 2018: $834,335Expenses 2018: $902,504Net Income 2018: -$68,1692018Revenue 2019: $859,310Expenses 2019: $1,149,871Net Income 2019: -$290,5612019Revenue 2020: $2,994,003Expenses 2020: $1,451,600Net Income 2020: $1,542,4032020Revenue 2021: $2,067,621Expenses 2021: $2,088,138Net Income 2021: -$20,5172021Revenue 2022: $2,590,724Expenses 2022: $2,140,278Net Income 2022: $450,4462022Revenue 2023: $993,590Expenses 2023: $2,880,039Net Income 2023: -$1,886,4492023Revenue 2024: $1,164,841Expenses 2024: $2,721,264Net Income 2024: -$1,556,4232024

Highlighted filing

2018

Revenue$834,335
Expenses$902,504
Net Income-$68,169
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$834,335
Mission and Program Overview

Mission

Growth opportunity partners, inc.'s purpose is to provide advisory services, financial solutions, and advocacy, to cultivate more resilient persons and communities previously under-resourced and under-valued, ultimately to improve quality of life, outputs, and outcomes with a particular focus on minority and women-owned businesses.

Growth opportunity partners provides professional advisory services and capital to established businesses located in low and moderate income communities to help them grow and thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,569,338$2,921,990▲ $352,652
Cash and Non-Interest-Bearing Accounts$1,814,864$909,324▼ $905,540
Pledges and Grants Receivable-$500,000-
Savings and Temporary Cash Investments$766,539$420,175▼ $346,364
Land, Buildings, and Equipment, Net-$122,137-
Prepaid Expenses and Deferred Charges$8,480$20,395▲ $11,915
Accounts Receivable$13,194--
Total Assets$5,172,415$4,902,685▼ $269,730
Other Assets Total-$8,664-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,537,845$3,340,525▼ $197,320
Accounts Payable and Accrued Expenses$140,521$136,280▼ $4,241
Total Liabilities$3,678,366$3,476,805▼ $201,561
Net Assets / Fund Balance
Unrestricted Net Assets$1,494,049$1,425,880▼ $68,169
Total Net Assets Fund Balance$1,494,049$1,425,880▼ $68,169
Total Liabilities and Net Assets / Fund Balance$5,172,415$4,902,685▼ $269,730

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$86,194$6,747$92,941
Equipment$35,943$1,892$37,835
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael T JeansPresidentFT$170,730$107,055$277,785
Jeffrey ClawsonChief CreditFT$162,110$16,625$178,735
Jeffrey ClawsonChief Credit Officer-$134,615$44,120$178,735

Board Members and Trustees

NameTitle
Donet GravesDirector
Sheila WrightDirector
Ndeda LetsonSecretary
Richard JankuraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$602,500
Program Service Revenue
$228,179
Investment Income
$3,656
Other Revenue
$0
All Other Contributions
$602,500
Change in Net Assets
$-68,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$834,335
Total Revenue per Audited Statements
$834,335
Total Revenue per Form 990
$834,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$592,862
Other Expenses$309,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$342,390$114,130-$456,520
Other Salaries and Wages$77,498$25,833-$103,331
Interest$81,873--$81,873
Fees for Services Legal$3,006$78,198-$81,204
Occupancy-$69,909-$69,909
Other Employee Benefits$24,758$8,253-$33,011
Conferences and Meetings-$22,456-$22,456
Office Expenses$3,079$15,847-$18,926
Information Technology-$9,428-$9,428
Depreciation Depletion-$8,639-$8,639
Advertising$8,432--$8,432
Travel-$7,585-$7,585
Insurance-$1,190-$1,190
Total Functional Expenses$541,036$361,468$0$902,504

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$902,504
Total Expenses per Audited Statements$902,504
Total Expenses per Form 990$902,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copies of the completed froms are provided to the members of the board and a meeting is held prior to the filing of the return.”

Form 990, Page 6, Part VI, Line 12C

“Staff and board of directors follow its conflict of interest procedure throughout the year after an initial review. Conflict of interest disclosure forms are signed by staff and board. They are reviewed for any potential conflicts and fully disclosed.”

Form 990, Page 6, Part VI, Line 15A

“The compensation committee is responsible for approving the entire organization's compensation each year. The committee verifies comparable compensation for similarly qualified persons.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
Growth Opportunity Partners Inc
EIN
47-4257622
Address
6001 EUCLID AVE STE 120, CLEVELAND, OH 44103

Signing Officer

Name
Michael T Jeans
Title
President
Phone
2164620640
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael T Jeans
Formed
2015
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
4
Employees
6

Preparer

Firm
Mcmanus Dosen & Co
Address
7251 ENGLE RD STE 406, MIDDLEBURG HEIGHTS, OH 44130-3400
Preparer
Michael D Mcmanus CPA
Phone
4402433400
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Tax matters the internal revenue service issued a determination letter on january 25, 2016, exempting the company from federal income taxes under section 501(c) (3) of the internal revenue code and further classifying the company as an organization that is publicly supported as defined in the section 509 (a) (2) of the internal revenue code. The determination was effective as of january 14, 2015, the date of incorporation. This determination letter was issued based on information supplied by the company under the assumption that the operations of the company will be as stated in its application for exemption. Accounting principles generally accepted in the united state of america require organization management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has determined that the organization does not have any uncertain tax positions and the associated unrecognized benefits that materially impact the financial statements or related disclosures. The company is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The company believes it is no longer subject to income tax examinations for years prior to 2016, the year of incorporation.”

Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX MATTERS THE INTERNAL REVENUE SERVICE ISSUED A DETERMINATION LETTER ON JANUARY 25, 2016, EXEMPTING THE COMPANY FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND FURTHER CLASSIFYING THE COMPANY AS AN ORGANIZATION THAT IS PUBLICLY SUPPORTED AS DEFINED IN THE SECTION 509 (A) (2) OF THE INTERNAL REVENUE CODE. THE DETERMINATION WAS EFFECTIVE AS OF JANUARY 14, 2015, THE DATE OF INCORPORATION. THIS DETERMINATION LETTER WAS ISSUED BASED ON INFORMATION SUPPLIED BY THE COMPANY UNDER THE ASSUMPTION THAT THE OPERATIONS OF THE COMPANY WILL BE AS STATED IN ITS APPLICATION FOR EXEMPTION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATE OF AMERICA REQUIRE ORGANIZATION MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THE ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE COMPANY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2016, THE YEAR OF INCORPORATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF THE COMPLETED FROMS ARE PROVIDED TO THE MEMBERS OF THE BOARD AND A MEETING IS HELD PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STAFF AND BOARD OF DIRECTORS FOLLOW ITS CONFLICT OF INTEREST PROCEDURE THROUGHOUT THE YEAR AFTER AN INITIAL REVIEW. CONFLICT OF INTEREST DISCLOSURE FORMS ARE SIGNED BY STAFF AND BOARD. THEY ARE REVIEWED FOR ANY POTENTIAL CONFLICTS AND FULLY DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR APPROVING THE ENTIRE ORGANIZATION'S COMPENSATION EACH YEAR. THE COMMITTEE VERIFIES COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL T JEANS
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
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ReturnHeader/FilingSecurityInformation/IPTm015:37:08
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07251 ENGLE RD STE 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLEBURG HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441303400
ReturnHeader/PreparerPersonGrp/PhoneNum04402433400
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL D MCMANUS CPA
ReturnHeader/ReturnTs02019-11-15T15:37:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,902,685
Liabilities
$3,476,805
Net assets
$1,425,880
Revenue
$834,335
Expenses
$902,504
Net income
-$68,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.89$3.09$0.21$1.16$2.72$1.56
2023Detailed filing. Detailed filing data is available for this year.$5.88$4.53$1.35$0.99$2.88$1.89
2022Detailed filing. Detailed filing data is available for this year.$7.85$4.65$3.20$2.59$2.14$0.45
2021Detailed filing. Detailed filing data is available for this year.$6.98$4.24$2.74$2.07$2.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$7.13$4.46$2.68$2.99$1.45$1.54
2019Detailed filing. Detailed filing data is available for this year.$4.46$3.32$1.14$0.86$1.15$0.29
2018Detailed filing. Detailed filing data is available for this year.$4.90$3.48$1.43$0.83$0.90$0.07
2017Detailed filing. Detailed filing data is available for this year.$5.17$3.68$1.49$1.95$0.85$1.10
2016Detailed filing. Detailed filing data is available for this year.$4.76$4.36$0.40$1.34$0.65$0.69
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.87$0.29$0.36$0.65$0.29