Growth Opportunity Partners Inc
Growth Opportunity Partners Inc is a Cleveland, Ohio public charity that provides advisory services, financial solutions, and advocacy, with a focus on disadvantaged people and communities. Its website describes work with growing small businesses, primarily in underserved, low- and moderate-income communities in Ohio, through capital, professional services, and business solutions.
Key facts about Growth Opportunity Partners Inc
In short: Growth Opportunity Partners Inc gave $110K across 3 grants in 2024 (avg $37K), mostly in Ohio. Source: 2024 IRS Form 990.
- EIN
- 47-4257622
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $110,000
- Grants made (2024)
- 3
- Average grant
- $36,667
- Median grant
- $50,000
- Total assets
- $2,889,497
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$2.9M
-50.8% YoY
Annual Giving
$110K
-48.8% YoY
Grant Count
3
-66.7% YoY
Avg Grant Size
$37K
+53.5% YoY
How Growth Opportunity Partners Inc gives
- Giving fell 75% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Mission & Focus Areas
The organization’s 2024 filing states a mission of providing advisory services, financial solutions, and advocacy to cultivate more resilient people and communities that have been under-resourced and under-valued, with particular focus on disadvantaged communities and people.
Its website describes GO Advisory services to improve business performance, GO Capital financing for small businesses, and GO Green Energy support for clean-energy solutions. The website says its capital work supports businesses with growth needs such as acquisitions, renovations or buildouts, bridge or mezzanine debt, and working capital. It identifies advanced manufacturing, clean energy, distribution, healthcare, technology and software, professional services, and logistics as target industries, while stating that it is not confined to specific industries.
The 2022 grantees listed include organizations with varied missions. MY PROJECT USA describes its work as protecting and empowering youth by supporting families through education, social service, civic engagement, and advocacy. Mothers in Arms is described as supporting, empowering, and nurturing single mothers and their families through resources, community, education, arts, and wellness. BLACK ACHIEVERS INC says it helps young disadvantaged professionals start businesses and advance careers through workshops, training, and technical assistance. OHIO URBAN RENAISSANCE describes youth outreach and enrichment for underserved students as a primary focus. Cleveland Owns describes itself as an economic democracy incubator that launches cooperative businesses and organizes campaigns for community control of resources.
Grantmaking
The IRS filing data lists 17 grants totaling $467,020 in 2022, an average of about $27,472 per grant. It lists no grants in 2023 or 2024. Its 2024 filing, the latest on this page, reports 3 grants totaling $110,000.
Notable 2022 grants include $29,000 to MY PROJECT USA, $27,850 to Mothers in Arms, $27,000 to BLACK ACHIEVERS INC, $20,000 to OHIO URBAN RENAISSANCE, and $18,600 to Cleveland Owns.
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Geographic Focus
Where this funder awards grants
The website says Growth Opportunity Partners primarily serves growing small businesses in underserved, low- and moderate-income communities in Ohio. Its Solar for All interest form describes coalition work across eight Midwest and Rust Belt states; the states are not named. The listed 2022 grantees are based in Columbus, Cincinnati, Youngstown, and Cleveland, Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $110K (2024) to $467K (2022). In 2024 it made 3 grants totaling $110K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Cartecor Management ($50K). Together the top 3 received $110K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 41 grants of 46 (89%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cartecor Management Shaker Heights, OH | Gobe 2023 Enterperneur Showcase | $50,000 |
| Phenomenal Foods CO LLC Cleveland, OH | Gobe 2023 Enterperneur Showcase | $50,000 |
| Furahi - a Taste of Home Cleveland, OH | Gobe 2023 Enterperneur Showcase | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $2,889,497 | $1,164,841 | $2,721,264 | 0 |
| 2023 | $5,876,344 | $993,590 | $2,880,039 | 0 |
| 2022 | $7,846,815 | $2,590,724 | $2,140,278 | $467,020 across 17 grants |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,889,497 | $5,876,344 | $7,846,815 |
| Revenue | $1,164,841 | $993,590 | $2,590,724 |
| Expenses | $2,721,264 | $2,880,039 | $2,140,278 |
| Net Investment Income | $44,418 | $50,260 | $7,918 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists:
- Michael Jeans — President/Chief Executive
- Ndeda Letson — Chair of the Board
- Sheila Wright — Vice Chair
- Richard Jankura — Treasurer
- Donet Graves — Director
- Marcus Glanton — Chief Operating Officer
- Jeffrey Clawson — Chief Credit Officer
Growth Opportunity Partners Inc is led by Michael T. Jeans, President & Chief Executive since 2024 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael T. Jeans
President & Chief Executive
President → President & Chief Executive Officer, 2023
President & Chief Executive Officer → President & Chief Executive, 2024
On filings since 2020
65 hrs/week
$313K (2020) → $0 (2024)
Ndeda Letson
Chair of the Board
Chair of the → Chair of the Board, 2023
On filings since 2020
7 hrs/week
No compensation reported
Donet Graves
Director
On filings since 2020
2 hrs/week
No compensation reported
Jeffrey Clawson
Chief Credit Officer
Chief Credit → Chief Credit Officer, 2023
On filings since 2020
40 hrs/week
$156K (2020) → $0 (2024)
Marcus Glanton
Chief Operating Officer
Chief Oper. → Chief Operating Officer, 2023
On filings since 2020
40 hrs/week
$156K (2020) → $0 (2024)
Richard Jankura
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Sheila Wright
Vice Chair
Director → Vice Chair, 2023
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $448K, to Michael T Jeans (President/Chief Executive Officer). 3 officers or directors reported compensation on that filing.
Contact
Mailing address: 6001 Euclid Ave, Cleveland, OH 44103
Phone: (216) 462-0600
Frequently asked questions about Growth Opportunity Partners Inc
How much does Growth Opportunity Partners Inc give each year?
Growth Opportunity Partners Inc gave $110K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $215K across 9 grants.
What is Growth Opportunity Partners Inc's typical grant size?
Growth Opportunity Partners Inc's median grant in 2024 was $50,000, and its average grant was $36,667, across 3 grants on its 2024 IRS Form 990.
Where does Growth Opportunity Partners Inc give grants?
Growth Opportunity Partners Inc gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Cleveland, OH (2 grants).
Does Growth Opportunity Partners Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Growth Opportunity Partners Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Gobe 2023 Enterperneur Showcase" (3 grants).
How large is Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc reported $2.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.2M.
What does Growth Opportunity Partners Inc fund?
The organization’s 2024 filing states a mission of providing advisory services, financial solutions, and advocacy to cultivate more resilient people and communities that have been under-resourced and under-valued, with particular focus on disadvantaged communities and people. See mission & focus areas ↑
How do I apply for a grant from Growth Opportunity Partners Inc?
Growth Opportunity Partners Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Growth Opportunity Partners Inc's EIN?
Growth Opportunity Partners Inc's EIN (Employer Identification Number) is 47-4257622. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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