Civic Intelligence

West End Opportunity Partnership

990 • Fiscal year 2023 • EIN 88-1662505

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization Profilewestendpartners.org
PO Box 2963Louisville, KY 40201

(502) 303-5251

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.15x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

10.74x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$150,000

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 35.7% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

28th percentile

0.1%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$30,119,279

Up $41,934 (+0.1%) from 2022

Net Assets

Up

$25,613,288

Up $55,883 (+0.2%) from 2022

Liabilities

Down

$4,505,991

Down $13,949 (-0.3%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin70th percentile

Revenue

Down

$419,668

Down $25,221,427 (-98%) from 2022

Expenses

Up

$363,785

Up $169,368 (+87%) from 2022

Net Income

Down

$55,883

Down $25,390,795 (-100%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$40M$30M$20M$10M$0Assets 2021: $118,061Liabilities 2021: $7,334Net Assets 2021: $110,7272021Assets 2022: $30,077,345Liabilities 2022: $4,519,940Net Assets 2022: $25,557,4052022Assets 2023: $30,119,279Liabilities 2023: $4,505,991Net Assets 2023: $25,613,2882023Assets 2024: $30,756,773Liabilities 2024: $4,523,855Net Assets 2024: $26,232,9182024

Highlighted filing

2023

Assets$30,119,279
Liabilities$4,505,991
Net Assets$25,613,288
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

$30M$20M$10M$0Revenue 2021: $153,000Expenses 2021: $42,273Net Income 2021: $110,7272021Revenue 2022: $25,641,095Expenses 2022: $194,417Net Income 2022: $25,446,6782022Revenue 2023: $419,668Expenses 2023: $363,785Net Income 2023: $55,8832023Revenue 2024: $1,409,174Expenses 2024: $789,544Net Income 2024: $619,6302024

Highlighted filing

2023

Revenue$419,668
Expenses$363,785
Net Income$55,883
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$419,668
Mission and Program Overview

Mission

The West End Opportunity Partnership is organized for the charitable purpose of lessening the burden of government and the promotion of social welfare, including lessening neighborhood tensions, eliminating prejudice and discrimination, and combating community deterioration.

Manage the proceeds provided by the Tax Incremental Financing district of West Louisville.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$30,060,670$30,096,550▲ $35,880
Rtn Earn Endowment Incm Other Fnds$25,557,405$25,613,288▲ $55,883
Prepaid Expenses and Deferred Charges$16,675$22,729▲ $6,054
Total Assets$30,077,345$30,119,279▲ $41,934
Liabilities
Other Liabilities$4,500,000$4,500,000→ $0
Accounts Payable and Accrued Expenses$19,940$5,991▼ $13,949
Total Liabilities$4,519,940$4,505,991▼ $13,949
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,557,405$25,613,288▲ $55,883
Total Liabilities and Net Assets / Fund Balance$30,077,345$30,119,279▲ $41,934
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laura DouglasInterim President CEOFT$150,000$150,000
Rita PhillipsInteri Exe. AdministratorFT$75,000$75,000

Board Members and Trustees

NameTitle
Aleshia BurnsBoard Member
Delores Johnson JonesBoard Member
Desmond Smith JrBoard Member
Dr Dawn WadeBoard Member
Dr Douglas Craddock JrBoard Member
Dr Gaberiel Jones JrBoard Member
Dr Mary MillinerBoard Member
Gary WilliamsBoard Member
Jeana DunlapBoard Member
Jennifer HancockBoard Member
Jessica JacksonBoard Member
Keith JacksonBoard Member
Khristopher RomaineBoard Member
Lyndon E PryorBoard Member
Michael NeagleBoard Member
Sharon AllenBoard Member
Tammy HawkinsBoard Member
William Summers VBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,191
Program Service Revenue
$0
Investment Income
$413,477
Other Revenue
$0
All Other Contributions
$6,191
Change in Net Assets
$55,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,639
Other Expenses$105,146
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$146,139$112,500-$258,639
Fees for Services Legal$26,029--$26,029
Advertising$23,509--$23,509
Insurance$10,191$10,191-$20,382
Occupancy$8,413$8,413-$16,826
Office Expenses$6,916$6,916-$13,832
Fees for Services Accounting$1,400$1,400-$2,800
Conferences and Meetings$1,768--$1,768
Total Functional Expenses$224,365$139,420$0$363,785
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,500,000
Unearned Revenues-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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, Part VI, Section B, Line 11B

“Copies of 990 tax forms are distributed to the board members via email, made available on the website, and provided upon request.”

Form 990, Part VI, Section C, Line 19

“Governing Documents are accessible to the public upon request and are published on the organizations website.”

Form 990, Part VI, Section B, Line 12C

“Board members received the Confilct of Interest Policy and must sign an annual statement confirming their understanding and compliance with the Policy.”

Form 990, Part VI, Section B, Line 15

“The Finance Committee determines compensation.”

Filing and Contact Details

Filer

Filer Name
West End Opportunity Partnership
EIN
88-1662505
Phone
5023035251
Address
PO Box 2963, Louisville, KY 40201

Signing Officer

Name
Laura Douglas
Title
Interim President CEO
Phone
5023035251
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Douglas
Formed
2021
Legal Domicile
Ky
Voting Board Members
21
Independent Board Members
19
Employees
0

Preparer

Firm
Toni Levy & Associates Inc
Address
1608 W BROADWAY, LOUISVILLE, KY 40203
Preparer
Toni Levy CPA
Phone
5025663030
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt010191
IRS990/InsuranceGrp/ProgramServicesAmt010191
IRS990/InsuranceGrp/TotalAmt020382
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0413477
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0413477
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide opportunities for Financial Empowerment and Generational Wealth in the communities of West Louisville, that includes homeownership, home improvements, business financing and support and other areas as determined by the board through community input, utilizing funds provided by the Tax revenues collected in the development area.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025557405
IRS990/NetAssetsOrFundBalancesEOYAmt025613288
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08413
IRS990/OccupancyGrp/ProgramServicesAmt08413
IRS990/OccupancyGrp/TotalAmt016826
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06916
IRS990/OfficeExpensesGrp/ProgramServicesAmt06916
IRS990/OfficeExpensesGrp/TotalAmt013832
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IRS990/OperateHospitalInd0false
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016675
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022729
IRS990/PrincipalOfficerNm0Laura Douglas
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt025640000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01095
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt044417
IRS990/PYRevenuesLessExpensesAmt025446678
IRS990/PYSalariesCompEmpBnftPaidAmt0150000
IRS990/PYTotalExpensesAmt0194417
IRS990/PYTotalRevenueAmt025641095
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IRS990/ReconcilationRevenueExpnssAmt055883
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IRS990/ReportOtherAssetsInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025613288
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09547
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IRS990ScheduleA/Total509Grp/TotalAmt025799192
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt025649547
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0153000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt026222216
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unearned Revenues
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of 990 tax forms are distributed to the board members via email, made available on the website, and provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing Documents are accessible to the public upon request and are published on the organizations website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members received the Confilct of Interest Policy and must sign an annual statement confirming their understanding and compliance with the Policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Finance Committee determines compensation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt030077345
IRS990/TotalAssetsEOYAmt030119279
IRS990/TotalAssetsGrp/BOYAmt030077345
IRS990/TotalAssetsGrp/EOYAmt030119279

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,119,279
Liabilities
$4,505,991
Net assets
$25,613,288
Revenue
$419,668
Expenses
$363,785
Net income
$55,883
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$4.52$26.2$1.41$0.79$0.62
2023Detailed filing. Detailed filing data is available for this year.$30.1$4.51$25.6$0.42$0.36$0.06
2022Detailed filing. Detailed filing data is available for this year.$30.1$4.52$25.6$25.6$0.19$25.4
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.15$0.04$0.11