Power Foundation
- Assets
- $8.2m
- Revenue
- $1.3m
- Investments
- $7.8m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 01/1967
- Data as of
- 12/2022
- EIN
- 38-6119490
Organization Overview
Power Foundation is located in Kalamazoo, MI. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power 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 12/2022, Power Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $832.4k during the year ending 12/2022. While expenses have increased by 2.6% 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.
Since 2016, Power Foundation has awarded 142 individual grants totaling $10,606,470. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip H Power President/trustee | 1 | $0 | |
Kathleen K Power Vice President/trustee | 1 | $0 | |
James C Melvin Trustee | 1 | $0 | |
Loyal A Eldridge III Secretary/trustee | 1 | $0 | |
Scott T Sutton Trustee | 1 | $0 | |
Bradley E Weller Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,118,398 |
| Interest on Savings | $4,751 |
| Dividends & Interest | $203,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,831 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,281,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $820 |
| Total operating and administrative expenses | $135,323 |
| Contributions, gifts, grants paid | $697,100 |
| Total expenses and disbursements | $832,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $441,560 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,208,993 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Power Foundation has awarded $697,100 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF UNIVERSITY COLLEGE OXFORD INC PURPOSE: ANNUAL FUND | $2,000 |
HURON MOUNTAIN WILDLIFE FOUNDATION INC PURPOSE: OPERATING SUPPORT | $1,000 |
UNIVERSITY OF MICHIGAN PURPOSE: PROGRAM IN PRACTICAL POLICY ENGAGEMENT | $250,000 |
MARQUETTE COMMUNITY FOUNDATION PURPOSE: HURON MOUNTAIN CLUB FUND | $1,000 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: SCHOOL OF BUSINESS SCHOLARSHIP FUND | $1,000 |
ST ANDREWS EPISCOPAL CHURCH PURPOSE: OPERATING SUPPORT | $5,000 |