Perspectives INC FY2024 filing

St Louis Park, MNUnknown exempt organization EIN 41-1288300Revenue $2.1M in FY2024Latest return filed Jan 29, 2026

On file with the IRSperspectives-family.org3381 Gorham Ave · St Louis Park, MN

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Perspectives is breaking cycles for at-risk families and children for total family recovery.

37¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $413K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $787K
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-12% vs prior year
Spent
$1.6M
To programs
37%
Net assets
$42K
By yearFY2020–FY2025
Revenue
$2.1M
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$4.8M
FY2022$3.7M
FY2023$2.4M
FY2024$2.1M
FY2025$69K
Expenses
$1.6M
FY2024▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$4.5M
FY2022$4.7M
FY2023$3.9M
FY2024$1.6M
FY2025Not on file
Net assets
$42K
FY2024▲ +110%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$1.1M
FY2023−$419K
FY2024$42K
FY2025$0

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $614K Management & general 63% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation
Liquidating Agent Interim CFO
$107,100Pt VII · Sec A
Executive Director
$14,500Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeannie Seeley-Smith———$161,254$166,885$140,237
Stl Consulting INC$44,936$107,100————
Jeannie Seeleysmith——$105,392———
Cheryl Cochrane——$97,135$98,938$89,853$76,227
Lilia Panteleeva——$56,628———
Mighty Consulting LLC—$14,500————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Breaks cycles for at-risk families and children, enabling total family recovery.

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Provided by the organization

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1 program · $611K · in their own filed words · FY2024
01

Supportive Housing Program

Program Goal: to return homeless recovering women and their children back to social and economic mainstream. Target Population: Homeless recovering dual-diagnosed women and their children referred by Hennepin County Coordinated Entry Shelter.

$611Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Think SmallFY2023$47K
Total grants receivedfrom 22 funders$787K
See all 22 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$1.1M
Fees for servicesLn 2g$692K
Other incomeLn 4–11$304K
Money outPt IX
$1.6M
Ln 25
Programscol B$614K
Managementcol C$1.0M
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Government grantsLn 1e$5K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$692K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$304K
Gains on assetsLn 7$1.1M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.9M
Net assetsLn 32$42K
OperationsPt I, VI
EmployeesI 563
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$59K$1.9M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$4.3M$0
Total assetsLn 16$4.6M$1.9M
LiabilitiesLn 26$5.0M$1.9M
Net assetsLn 32−$419K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$174K$162K$12K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$147K$91K$56K$0
Payroll taxesLn 10$5K$9K−$4K$0
Management feesLn 11a$45K$6K$39K$0
Legal feesLn 11b$307K$0$307K$0
Accounting feesLn 11c$105K$18K$87K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$10K$1K$9K$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$58K$21K$38K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$149K$117K$32K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20−$5K$3K−$8K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$224K$155K$70K$0
InsuranceLn 23$136K$29K$106K$0
Other expenses (24a–d)Ln 24$288K$0$288K$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.6M$614K$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 29, 2026 $69K$0 990 PDF
FY2024 ViewingFiled with the IRS May 13, 2025 $2.1M$1.6M$461K$42K 990 PDF
FY2023Filed with the IRS Oct 24, 2024 $2.4M$3.9M−$1.5M−$419K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $3.7M$4.7M−$941K$1.1M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $4.8M$4.5M$331K$2.0M 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $3.5M$3.9M−$422K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,106,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $582,708$20,788
I-9 Program service revenuePrior year $1,777,595$691,894
I-10 Investment incomePrior year $5,694$1,090,005
I-11 Other revenuePrior year $23,580$303,884
I-12 Total revenuePrior year $2,389,577$2,106,571
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,385,367$326,740
I-16a Professional fundraising feesPrior year $32,000$0
I-17 Other expensesPrior year $1,467,751$1,318,789
I-18 Total expensesPrior year $3,885,118$1,645,529
I-19 Revenue less expensesPrior year −$1,495,541$461,042
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,106,571 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$5,146
VIII-1f All other contributions, gifts and grants$15,642
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$20,788
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $691,893 · Unrelated business $0 · Excluded from tax $0$691,894
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$7,529
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,090,005
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$296,355
VIII-12 Total revenueRelated to mission $691,893 · Unrelated business $0 · Excluded from tax $0$2,106,571
Part IX · Statement of functional expenses $1,645,529 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $161,922 · Management $12,330 · Fundraising $0$174,252
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $91,050 · Management $55,995 · Fundraising $0$147,045
IX-10 Payroll taxesPrograms $9,260 · Management −$3,817 · Fundraising $0$5,443
IX-11a Management feesPrograms $6,348 · Management $39,045 · Fundraising $0$45,393
IX-11b Legal feesPrograms $0 · Management $306,974 · Fundraising $0$306,974
IX-11c Accounting feesPrograms $18,305 · Management $86,991 · Fundraising $0$105,296
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $1,335 · Management $8,728 · Fundraising $0$10,063
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $20,765 · Management $37,500 · Fundraising $0$58,265
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $117,323 · Management $31,897 · Fundraising $0$149,220
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $3,050 · Management −$8,147 · Fundraising $0−$5,097
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $154,886 · Management $69,586 · Fundraising $0$224,472
IX-23 InsurancePrograms $29,478 · Management $106,390 · Fundraising $0$135,868
IX-24 Other expenses (24a–d)Programs $0 · Management $288,335 · Fundraising $0$288,335
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $613,722 · Management $1,031,807 · Fundraising $0$1,645,529
Part X · Balance sheet $1,944,793 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $59,174$38,437
X-2 Savings and temporary cash investmentsStart of year $0$1,896,597
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $155,457$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $29,201$9,759
X-10c Land, buildings and equipment, netStart of year $4,338,438$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $10,986$0
X-16 Total assetsStart of year $4,593,256$1,944,793
X-17 Accounts payable and accrued expensesStart of year $453,871$1,781,129
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,238,332$0
X-26 Total liabilitiesStart of year $5,012,231$1,902,726
X-27 Net assets without donor restrictionsStart of year −$418,975$42,067
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$418,975$42,067
X-33 Total liabilities and net assetsStart of year $4,593,256$1,944,793
Part XI · Reconciliation of net assets $42,067 net assets at year end
XI-1 Total revenue$2,106,571
XI-2 Total expenses$1,645,529
XI-3 Revenue less expenses$461,042
XI-4 Net assets at start of year−$418,975
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$42,067

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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