POWMAG of Texas
- Assets
- $8.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baytown, TX
- Founding
- 07/2014
- Data as of
- 12/2016
- EIN
- 46-4413708
Organization Overview
POWMAG of Texas is located in Baytown, TX. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. POWMAG of Texas 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 12/2016, POWMAG of Texas generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $9.2k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATEOF TEXAS, EXCLUSIVELY FOR THE CHARITABLE PURPOSE TO MEMORIALIZING THE FALLENSERVICE MEMBERS THROUGH THE ERECTING OF ART WORKS AND EDUCATION OF FUTUREGENERATIONS, TO BE ACCOMPLISHED BY THE PAINTING, HOUSING, AND DISPLAYING OFARTWORK MEMORIALIZING SERVICE MEMBERS FROM TEXAS KILLED IN IRAQ AND AFGHANISTANAND SUCH OTHER SERVICE MEMBERS, INDIVIDUALS, AND CONFLICTS AS DECIDED ON A DISCRETIONARY BASIS BY POWMAG AND ITS ARTIST(S). POWMAG MAY ALSO MAKEDISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURETAX CODE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,556 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,479 |
| Other Revenue | $0 |
| Total Revenue | $5,077 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,211 |
| Total expenses | $9,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $652 |
| Other assets | $0 |
| Total assets | $8,831 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,831 |
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