Niagara Power Coalition Inc
- Assets
- $7.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Niagara Falls, NY
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 16-1544640
Organization Overview
Niagara Power Coalition Inc is located in Niagara Falls, NY. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Power Coalition Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Niagara Power Coalition Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Niagara Power Coalition Inc has awarded 38 individual grants totaling $22,253,334. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH ELECTED OFFICIALS AND REPRESENTATIVES OF THE UNITED STATES FEDERAL GOVERNMENT AND NEW YORK STATE GOVERNMENT IN DEALING WITH THE NEW YORK STATE POWER AUTHORITY AND THE RELICENSING OF ITS NIAGARA COUNTY FACILITY TO OBTAIN ASSISTANCE FOR THEIR RESPECTIVE CONSTITUENCIES FROM THE POWER AUTHORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATE AND ADMINISTER ELECTRICAL POWER ALLOCATIONS AND FUNDS RECEIVED FROM THE NEW YORK STATE POWER AUTHORITY ON BEHALF OF MEMBERS CONSISTING OF MUNICIPALITIES IN THE POWER AUTHORITY GENERATING PLANT AREA OF WESTERN NIAGARA COUNTY, NEW YORK.
GRANTS FROM THE HOST COMMUNITY GREENWAY FUND STANDING COMMITTEE TO ADMINISTER AND OVERSEE PROJECTS FINANCED BY THE GREENWAY RECREATION/TOURISM FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Wallace President/ceo | OfficerTrustee | 2 | $0 |
Robert Restaino Vice President | OfficerTrustee | 2 | $0 |
Jacqueline Siegmann Treasurer | OfficerTrustee | 2 | $0 |
Steve Broderick Director | Trustee | 2 | $0 |
Thomas Burgasser ESQ Director | Trustee | 2 | $0 |
Paul Casseri Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000,000 |
| Total Program Service Revenue | $34,132 |
| Investment income | $6,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,040,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,589,235 |
| 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. | $10,201 |
| Compensation of current officers, directors, key employees. | $5,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,880 |
| Advertising and promotion | $0 |
| Office expenses | $6,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,015 |
| All other expenses | $0 |
| Total functional expenses | $3,629,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $681 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,286,296 |
| Total assets | $7,441,859 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,286,296 |
| 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 | $0 |
| Total liabilities | $7,286,296 |
| Net assets without donor restrictions | $155,563 |
| Net assets with donor restrictions | $0 |
| 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 | $7,441,859 |
Grants Awarded
Over the last fiscal year, Niagara Power Coalition Inc has awarded $3,589,235 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NIAGARA FALLS PURPOSE: WHIRLPOOL COMMONS PLAZA - AQUARIUM AND TATLER | $535,000 |
LEWISTON PORTER CENTRAL SCHOOL DISTRICT PURPOSE: LEW-PORT RECREATIONAL COMPLEX | $420,000 |
COUNTY OF NIAGARA PURPOSE: WHEATFIELD LIONS NATURE TRAIL, NCCC VETERANS MEMORIAL, OLD FORT NIAGARA, GRATWICK RIVERSIDE PARK, RIVIERA THEATRE, LOCKPORT RAILYARD SKATE PARK | $595,000 |
TOWN OF NIAGARA PURPOSE: TOWN OF NIAGARA VETERANS MEMORIAL PARK | $2,039,235 |