Power Foundation Inc

Organization Overview

Power Foundation Inc is located in Piedmont, SC. The organization was established in 2011. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Power Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Foundation 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 12/2020, Power Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. While expenses have increased by 8.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING THE DEVELOPMENT AND SUSTAINMENT OF CHRISTIAN RADIO BROADCASTING. THE ORGANIZAION HAS CONSTRUCTED A NETWORK OF RADIO STATIONS TO BROADCAST CHRISTIAN CONTENT UNDER THE NAME THE LIFE FM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING THE DEVELOPMENT AND SUSTAINMENT OF CHRISTAIN RADIO BROADCASTING. THE ORGANIZATAION HAS CONSTRUCTED A NETWORK OF RADIO STATIONS THAT BROADCAST CHRISTIAN CONTENT UNDER THE NAME THE LIFE FM.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Robinson
Secretary
$0
Jim Robinson
President
$0
Mark Mcclure
Director
$0
Elizabeth K Mcclure
Director
$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$1,485,011
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,485,011
Total Program Service Revenue$422,995
Investment income $177
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,700
Net Gain/Loss on Asset Sales $12,290
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,926,173

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Power Foundation Inc has recieved totaling $30,355.

Awarding OrganizationAmount
Bill And Connie Timmons Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$30,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$355
View Grant Recipient Profile

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