Nonprofit · EIN 47-4257622
GROWTH OPPORTUNITY PARTNERS INC
Tax-exempt · CLEVELAND, OH 44103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,164,841 | $2,721,264 | -$1,556,423 | $2,889,497 | $3,094,811 | -$205,314 |
| December 31, 2023 | 990 | $993,590 | $2,880,039 | -$1,886,449 | $5,876,344 | $4,525,235 | $1,351,109 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,081,000
- Program service revenue
- $37,568
- Investment income
- $44,418
- Other revenue
- $1,855
Expenses
- Grants and similar amounts paid
- $339,650
- Other salaries and wages
- $1,104,350
- Salaries, compensation and benefits (total)
- $1,104,350
- Professional fundraising fees
- $0
- Legal fees
- $197,798
- Accounting fees
- $173,875
- Occupancy
- $166,135
- Travel
- $35,916
- Depreciation
- $9,294
- Program services (functional)
- $1,356,446
- Management and general (functional)
- $1,364,818
Balance sheet and other
- Total assets, start of year
- $5,876,344
- Total assets, end of year
- $2,889,497
- Total liabilities, end of year
- $3,094,811
- Net assets, end of year
- -$205,314
- Land, buildings and equipment
- $30,429
- Net assets without donor restrictions
- -$4,636,055
- Net assets with donor restrictions
- $4,430,741
- Gross receipts
- $1,164,841
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2015
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL JEANS | PRESIDENT/CHIEF EXECUTIVE Trustee or director, Officer | 65 | $0 |
| NDEDA LETSON | CHAIR OF THE BOARD Trustee or director, Officer | 7 | $0 |
| SHEILA WRIGHT | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| RICHARD JANKURA | TREASURER Trustee or director | 2 | $0 |
| DONET GRAVES | DIRECTOR Trustee or director | 2 | $0 |
| MARCUS GLANTON | CHIEF OPERATING OFFICER Officer | 40 | $0 |
| JEFFREY CLAWSON | CHIEF CREDIT OFFICER Officer | 40 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL T JEANS | PRESIDENT/CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 65 | $448,474 | $46,167 |
| MARCUS GLANTON | CHIEF OPERATING OFFICER Officer | 40 | $173,217 | $4,447 |
| JEFFREY CLAWSON | CHIEF CREDIT OFFICER Officer | 40 | $172,459 | $4,424 |
| NDEDA LETSON | CHAIR OF THE BOARD Trustee or director, Officer | 7 | $0 | $0 |
| SHEILA WRIGHT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD JANKURA | TREASURER Trustee or director | 2 | $0 | $0 |
| DONET GRAVES | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6001 EUCLID AVE STE 120, CLEVELAND, OH 44103-3709
- In care of
- % MICHAEL JEANS
- Principal officer (990 for 2024)
- MICHAEL JEANS, 6001 EUCLID AVE, CLEVELAND, OH 44103
- Signed the 990
- MICHAEL JEANS, CHIEF CREDIT OFFICER
- Phone
- (216) 462-0600
- Website
- WWW.GROWTHOPPS.ORG
- Return prepared by
- RW CORWIN & COMPANY INC
Mission
TO PROVIDE ADVISORY SERVICES, FINANCIAL SOLUTIONS, AND ADVOCACY, TO CULTIVATE MORE RESILIENT PERSONS AND COMMUNITIES PREVSIOUSLY UNDER-RESOURCED AND UNDER-VALUED, UTILIMATELY TO IMPORVE QUALITY OF LIFE, OUTPUTS, AND OUTCOMES WITH A PARTICULAR FOCUS ON DISADVANTAGED COMMUNITIES AND PERSONS.
Program accomplishments
- TO PROVIDE ADVISORY SERVICES, FINANCIAL SOLUTIONS, AND ADVOCACY, TO CULTIVATE MORE RESILIENT PERSONS AND COMMUNITIES PREVSIOUSLY UNDER-RESOURCED AND UNDER-VALUED, UTILIMATELY TO IMPORVE QUALITY OF LIFE, OUTPUTS, AND OUTCOMES WITH A PARTICULAR FOCUS ON DISADVANTAGED COMMUNITIES AND PERSONS.Expenses $1,356,446 · revenue $37,568
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4257622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $2,889,497
- Income (IRS master file)
- $1,164,841
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,164,841 | $2,721,264 | $2,889,497 | XML |
| 990 | December 2023 | $993,590 | $2,880,039 | $5,876,344 | XML |
| 990 | December 2022 | $2,590,724 | $2,140,278 | $7,846,815 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4257622).
Questions about GROWTH OPPORTUNITY PARTNERS INC
- What is the EIN of GROWTH OPPORTUNITY PARTNERS INC?
- The employer identification number (EIN) of GROWTH OPPORTUNITY PARTNERS INC is 47-4257622.
- Is GROWTH OPPORTUNITY PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GROWTH OPPORTUNITY PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROWTH OPPORTUNITY PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GROWTH OPPORTUNITY PARTNERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GROWTH OPPORTUNITY PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GROWTH OPPORTUNITY PARTNERS INC?
- The 990 for the year ended December 31, 2024 names MICHAEL JEANS.
- Who are the officers and directors of GROWTH OPPORTUNITY PARTNERS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GROWTH OPPORTUNITY PARTNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,164,841, expenses of $2,721,264 and total assets of $2,889,497 at year end.
Other nonprofits in CLEVELAND
- GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND EIN 34-1650917 · last filed 990 for 2024
- JUMPSTART INC EIN 34-1398522 · last filed 990 for 2025
- CLEVELAND PUBLIC MARKET CORPORATION EIN 92-3866177 · last filed 990 for 2025
- MANUFACTURING ADVOCACY & GROWTH NETWORK INC EIN 34-1455043 · last filed 990 for 2025
- DIGITALC EIN 81-1731053 · last filed 990 for 2024
- GREATER CLEVELAND PARTNERSHIP EIN 34-0149250 · last filed 990 for 2024
- UNIVERSITY CIRCLE INCORPORATED EIN 34-0823464 · last filed 990 for 2025
- NEIGHBORHOOD PROGRESS INC EIN 34-1611055 · last filed 990 for 2025
All nonprofits in CLEVELAND · Ohio · Community improvement and capacity building