Power Of Education Foundation
- Assets
- $397.0k
- Revenue
- $248.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 27-1568821
Organization Overview
Power Of Education Foundation is located in Grand Rapids, MI. The organization was established in 2010. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Of Education Foundation 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 12/2021, Power Of Education Foundation generated $248.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $192.6k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
POWERING CHILDREN THROUGH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OPERATIONAL SUPPORT FOR A PRIMARY AND SECONDARY SCHOOL IN PORT-AU PRINCE , HAITI SERVING 240 VULNERABLE CHILDREN IN GRADES K-9. THE FOUNDATION PROVIDED FOR A HIGH QUALITY EDUCATION, DAILY NUTRITION AND A MEDICAL HOME TO THESE CHILDREN TO ENHANCE THEIR ABILITY TO LEARN AND LEAD PRODUCTIVE LIVES. PROGRAMMING WAS SUPPORTED THAT STRENGTHENED THE CAPACITY OF THE SCHOOL ADMINISTRATION, TEACHING STAFF, PARENT COMMUNITY AND COMMUNITY AT LARGE TO MEET THEIR GOALS OF COMMUNITY IMPROVEMENT. THE STUDENTS HAVE ACHIEVED HIGH PASS RATES ON NATIONAL EXAMS AS COMPARED TO OTHER LOCAL SCHOOLS. STUDENTS HAVE SHOWN CONTINUED IMPROVEMENT IN HEIGHT AND WEIGHT GROWTH INDICATORS AS A RESULT OF NUTRITION AND MEDICAL INTERVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Pastoor Board President | OfficerTrustee | 1 | $0 |
Merril Stansbury Vice President | OfficerTrustee | 1 | $0 |
Jennifer Masternak Treasurer | OfficerTrustee | 1 | $0 |
Christine O'driscoll Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,457 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,873 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,709 |
| 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 | $180,196 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $981 |
| Office expenses | $279 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,304 |
| Insurance | $140 |
| All other expenses | $0 |
| Total functional expenses | $192,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,581 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,037 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $168,572 |
| Net assets with donor restrictions | $228,465 |
| 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 | $397,037 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Power Of Education Foundation has recieved totaling $16,358.
| Awarding Organization | Amount |
|---|---|
Old Trail Foundation Grand Rapids, MI PURPOSE: GENERAL PROGRAM | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,659 |
Bryan Foundation Grand Rapids, MI PURPOSE: CHARITABLE WORK | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worldwide Foundation For Credit Unions Inc Madison, WI | $2,638,598 | $2,495,321 |
American Friends Of Orr Shalom Inc Janesville, WI | $19,611 | $1,505,147 |
Nehemiah Vision Ministries Inc Noblesville, IN | $1,235,325 | $715,025 |
Outstretched Hands Of Romania Inc New Berlin, WI | $104,711 | $425,410 |
Knorr-Bremse Global Care North America Inc Avon, OH | $44,300 | $450,000 |
Mercy Medical Center Cambodia Inc Westerville, OH | $2,122,276 | $801,536 |
The Holiness Pilgrim Church Inc Shoals, IN | $95,175 | $257,122 |
Christophes Children Inc Grand Rapids, MI | $34,902 | $0 |
American Israel Education Fund Troy, MI | $9,470 | $155,572 |
Gather1 Stoughton, WI | $29,015 | $213,800 |
Operation Classroom Inc Valparaiso, IN | $226,885 | $305,290 |
Northern Michigan Relief Sale Inc Fairview, MI | $19,596 | $209,089 |