The 7th Power Inc
- Assets
- $405.6k
- Revenue
- $103.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Casco, ME
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3891460
Organization Overview
The 7th Power Inc is located in Casco, ME. The organization was established in 2014. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 7th Power 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 12/2022, 7th Power Inc generated $103.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $68.7k during the year ending 12/2022. While expenses have increased by 25.5% 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 2018, 7th Power Inc has awarded 29 individual grants totaling $202,002. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE DONATIONS TO NEEDY INDIVIDUALS AND COMMUNITY SERVICE ORGANIZATIONS LIVING, WORKING AND VOLUNTEERING ON THE PINE RIDGE INDIAN RESERVATION AND ON OTHER NATIVE AMERICAN RESERVATIONS ACROSS THE UNITED STATES.
MAKE DONATIONS TO NEEDY INDIVIDUALS AND COMMUNITY SERVICE ORGANIZATIONS LIVING, WORKING AND VOLUNTEERING ON THE PINE RIDGE INDIAN RESERVATION AND ON OTHER NATIVE AMERICAN RESERVATIONS ACROSS THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hancock President | 1 | $0 | |
Erin Plummer Vice President | 1 | $0 | |
Kourtney Mclean Vice President | 1 | $0 | |
Karyn Knights Treasurer, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $3,439 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $997 |
| Contributions, gifts, grants paid | $67,700 |
| Total expenses and disbursements | $68,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,628 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $375,000 |
| 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 | $405,628 |
| 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, The 7th Power Inc has awarded $67,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CATHERINE GREY DAY PURPOSE: HARDSHIP ASSISTANCE GRANT | $10,000 |
OST PARTNERSHIP FOR HOUSING PURPOSE: SUPPORTING HOUSING AT PINE RIDGETUITION, ONE STUDENT, CAREER TECHNOLOGY LAB | $16,500 |
VEROLA SPIDER PURPOSE: HARDSHIP ASSISTANCE GRANT | $10,000 |
ROSIE FRIER PURPOSE: HARDSHIP ASSISTANCE GRANT | $5,000 |
OST VETERAN COMMITTEE PURPOSE: SUPPORT FOR SIOUX VETERANS, ALL VETERANS POW WOW | $5,000 |
THUNDER VALLEY CDC PURPOSE: WORKFORCE DEVELOPMENT EDUCATION PROGRAM, 10 STUDENTS | $20,000 |