Npower Inc
- Assets
- $25.7m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 325
- Location
- Brooklyn, NY
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 13-4145441
Organization Overview
Npower Inc is located in Brooklyn, NY. The organization was established in 2001. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Npower Inc employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Npower Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Npower Inc generated $24.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $34.5m during the year ending 12/2023. While expenses have increased by 19.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NPOWER IS A NATIONAL NONPROFIT THAT CREATES PATHWAYS TO ECONOMIC PROSPERITY BY LAUNCHING DIGITAL CAREERS FOR MILITARY VETERANS AND YOUNG ADULTS FROM UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NPOWER'S SERVICES ARE DELIVERED THROUGH THE FOLLOWING PROGRAMS:TECH FUNDAMENTALS IS UP TO A 20-WEEK VIRTUAL CLASSROOM AND INTERNSHIP TRAINING PROGRAM FOR YOUNG ADULTS BETWEEN THE AGES OF 18 AND 26 AND MILITARY VETERANS AND THEIR SPOUSES THAT RESULTS IN CAREER ENHANCING OPPORTUNITIES INCLUDING JOBS, TECHNICAL CERTIFICATION AND QUALIFICATION FOR HIGHER EDUCATION. IN 2023, THE PROGRAM OPERATED IN NEW YORK (NEW YORK CITY), NEW JERSEY (NEWARK), TEXAS (DALLAS, FT. WORTH, HOUSTON, AND SAN ANTONIO), MARYLAND (BALTIMORE), MISSOURI (ST. LOUIS), CALIFORNIA (SAN JOSE), MICHIGAN (DETROIT), NORTH CAROLINA (RALEIGH), AND OHIO (DAYTON) AND PROVIDED THE INDUSTRY-RECOGNIZED CERTIFICATIONS: COMPTIA A+ AND IT FUNDAMENTALS+, A GOOGLE IT SUPPORT CERTIFICATE, AND AN IT GENERALIST APPRENTICESHIP CREDENTIAL. IN ADDITION, TRAINEES RECEIVED EXPOSURE TO MICROSOFT, CISCO, AWS AND OTHER LEADING TECHNOLOGIES; MENTORING FROM SENIOR LEVEL IT PROFESSIONALS; EMPLOYMENT READINESS WORKSHOPS; JOB PLACEMENT ASSISTANCE WITH ACCESS TO A WIDE RANGE OF TOP EMPLOYERS; AND A FULL RANGE OF ONGOING SOCIAL SERVICE AND PERSONAL DEVELOPMENT SUPPORT.INFORMATION TECHNOLOGY SUPPORT SPECIALIST IS AN 18-WEEK VIRTUAL CLASSROOM AND INTERNSHIP TRAINING PROGRAM DESIGNED TO PROVIDE PARTICIPANTS WITH THE BASICS OF IT NETWORKING, TROUBLESHOOTING, AND INFRASTRUCTURE. IN 2023, THE PROGRAM OPERATED IN CALIFORNIA (LOS ANGELES) AND PROVIDED AN OPPORTUNITY TO EARN INDUSTRY-RECOGNIZED CERTIFICATIONS: COMPTIA ITF+, MICROSOFT CERTIFIED 365 & AZURE FUNDAMENTALS AND A GOOGLE IT SUPPORT CERTIFICATE. IN ADDITION, TRAINEES HAVE AN OPPORTUNITY FOR A PAID INTERNSHIP AND APPRENTICESHIPS, DIRECT PLACEMENT; EXPOSURE TO MICROSOFT, GOOGLE AND OTHER LEADING TECHNOLOGIES; MENTORING FROM SENIOR LEVEL IT PROFESSIONALS; EMPLOYMENT READINESS WORKSHOPS; JOB PLACEMENT ASSISTANCE WITH ACCESS TO A WIDE RANGE OF TOP EMPLOYERS; AND A FULL RANGE OF ONGOING SOCIAL SERVICE AND PERSONAL DEVELOPMENT SUPPORT.ADVANCED CERTIFICATIONS ARE ACCELERATED TRAINING PROGRAMS FOR MORE ADVANCED IT COURSEWORK INCLUDING CYBERSECURITY AND CLOUD COMPUTING. EACH PROGRAM PATH OFFERS FREE HANDS-ON TRAINING AND IN-DEMAND CERTIFICATIONS DESIGNED TO PREPARE PROGRAM ALUMNI FOR HIGHER WAGE IT JOBS.CYBERSECURITY IS AN ADVANCED TRAINING COURSE DESIGNED FOR STUDENTS WHO ARE READY TO MOVE BEYOND THE BASICS OF IT AND TACKLE MORE RIGOROUS SECURITY SPECIALTIES. THE PROGRAM PROVIDES ALL THE TOOLS NEEDED FOR PARTICIPANTS TO LAUNCH A CAREER IN THE FIELD OF CYBERSECURITY. IN 2023, THE PROGRAM OPERATED ON A NATIONAL BASIS AND PROVIDED THE INDUSTRY-RECOGNIZED COMPTIA SECURITY+ CERTIFICATION; MENTORING FROM SENIOR LEVEL CYBERSECURITY PROFESSIONALS AND PROGRAM ALUMNI; CAREER DEVELOPMENT WORKSHOPS; JOB PLACEMENT ASSISTANCE WITH ACCESS TO A WIDE RANGE OF TOP EMPLOYERS; OPPORTUNITY TO EARN CYBERSECURITY SUPPORT TECHNICIAN APPRENTICESHIP CREDENTIALS (IN TX AND NJ); A RANGE OF SOCIAL SERVICE AND PERSONAL DEVELOPMENT SUPPORT; AND ACCESS TO AN ELITE, SUPPORTIVE ALUMNI NETWORK. CLOUD COMPUTING IS A 12-WEEK VIRTUAL TRAINING PROGRAM DESIGNED FOR WORKING TECH PROFESSIONALS THAT PROVIDES THE OPPORTUNITY TO EARN INDUSTRY-RECOGNIZED, IN-DEMAND CERTIFICATIONS, INCLUDING AWS CLOUD PRACTITIONER AND AWS SOLUTIONS ARCHITECT-ASSOCIATE. IN 2023, THE PROGRAM OPERATED ON A NATIONAL BASIS AND INCLUDED 14 HOURS OF WEEKLY ONLINE LECTURES AND LABS; THREE TIMES A WEEK ONLINE INSTRUCTION; BI-WEEKLY PROFESSIONAL MENTORING; AND THE OPPORTUNITY FOR PROMOTION OR MERIT-BASED SALARY INCREASE. SKILLBRIDGE IS A 10-WEEK LIVE/VIRTUAL CYBERSECURITY TRAINING PROGRAM BACKED BY THE U.S. DEPARTMENT OF DEFENSE AND OPEN TO MILITARY MEMBERS DURING THEIR LAST 180 DAYS OF SERVICE. IN 2023, THE PROGRAM OPERATED IN NORTHERN VIRGINIA AND PROVIDED THE OPPORTUNITY TO EARN COMPTIA SECURITY+, LINUX+, AND SPLUNK CERTIFICATIONS; MENTORING FROM SENIOR IT PROFESSIONALS; INTERNSHIP/JOB PLACEMENT ASSISTANCE. APPROXIMATELY 1,900 YOUNG ADULTS AND MILITARY-CONNECTED INDIVIDUALS WERE ACCEPTED INTO THE PROGRAMS IN 2023 AND APPROXIMATELY 9,000 GRADUATES PARTICIPATE IN THE ALUMNI NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bertina Ceccarelli Chief Executive Officer | OfficerTrustee | 40 | $363,069 |
Matt Horner Board Chair | OfficerTrustee | 1.5 | $0 |
Gail Fierstein Board Vice Chair | OfficerTrustee | 1.5 | $0 |
Viola Maxwell-Thompson Treasurer | OfficerTrustee | 1.5 | $0 |
Stephen Murphy Secretary | OfficerTrustee | 1.5 | $0 |
Ami Desai Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tek & Tech Llc Consulting/support For Tech Platform | 12/30/23 | $1,961,458 |
The Tns Group Managed Services Provider | 12/30/23 | $731,553 |
Varident Llc Marketing Consulting Services | 12/30/23 | $416,829 |
Finn Partners Inc Marketing Consulting Services | 12/30/23 | $316,975 |
Singh Technology Group Llc Hosting & Upgrades To Alumni Portal Plat | 12/30/23 | $232,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $284,995 |
| Membership dues | $0 |
| Fundraising events | $1,727,921 |
| Related organizations | $0 |
| Government grants | $3,056,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,037,448 |
| Noncash contributions included in lines 1a–1f | $190,346 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,106,988 |
| Total Program Service Revenue | $1,330,545 |
| Investment income | $479,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$344,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,404,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,178,171 |
| Compensation of current officers, directors, key employees. | $823,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,079,743 |
| Pension plan accruals and contributions | $119,743 |
| Other employee benefits | $1,846,221 |
| Payroll taxes | $1,968,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,000 |
| Fees for services: Accounting | $138,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,295,618 |
| Advertising and promotion | $420,128 |
| Office expenses | $118,724 |
| Information technology | $2,103,715 |
| Royalties | $0 |
| Occupancy | $746,419 |
| Travel | $1,107,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,023,854 |
| Insurance | $64,636 |
| All other expenses | $236,858 |
| Total functional expenses | $34,500,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,497,871 |
| Savings and temporary cash investments | $8,870,567 |
| Pledges and grants receivable | $6,802,001 |
| Accounts receivable, net | $614,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $354,629 |
| Net Land, buildings, and equipment | $1,421,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,095,387 |
| Total assets | $25,656,098 |
| Accounts payable and accrued expenses | $1,408,519 |
| Grants payable | $0 |
| Deferred revenue | $152,480 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,628,311 |
| Total liabilities | $4,189,310 |
| Net assets without donor restrictions | $7,577,114 |
| Net assets with donor restrictions | $13,889,674 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,656,098 |