Powerquest Worldwide Ltd
- Assets
- $112.3k
- Revenue
- $439.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Boone, NC
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-4773685
Organization Overview
Powerquest Worldwide Ltd is located in Boone, NC. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Powerquest Worldwide Ltd 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, Powerquest Worldwide Ltd generated $439.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $432.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPECIALIZES IN THE DESIGN AND INSTALLATION OF MEDICAL RADIOLOGY SYTEMS, MEDICAL STEAM STERILIZERS, PIPED MEDICAL GAS SYSTEMS, AND ELECTRICAL SERVICES INCLUDING DIESEL GENERATOR AND BATTERY BACKUP SYSTEMS AND SOLAR SYSTEMS, FOR MEDICAL FACILITIES IN UNDERSERVED AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE ORGANIZATION HANDLED PROJECTS IN SEVERAL DIFFERENT COUNTRIES, INCLUDING: (1) HOSPITAL BAPTISTE, TSIKO, TOGO - INSTALLATION OF A PRIMUS STEAM STERILIZER, DEL MEDICAL STORED ENERGY MEDICAL X-RAY MACHINE AND DIRECT DIGITAL IMAGING SYSTEM; (2) HOSPITAL OF HOPE, MANGO, TOGO - INSTALLATION OF A DIRECT DIGITAL IMAGING SYSTEM OF THE MEDICAL X-RAY MACHINE AND REPLACED THE BATTERIES IN THE QUANTUM MEDICAL IMAGING X-RAY MACHINE; (3) INTERNATIONAL VISION VOLUNTEERS, ZIMBA, ZAMBIA - INSTALLED 40 KW OF SOLAR PANELS AND SMA BATTERY INVERTER SYSTEM OF THE CLINIC, RETIRED THE MAIN SERVICE ENTRANCE INCLUDING A NEW LOAD DISTRIBUTION PANEL; (4) MARTYRS HOSPITAL, IBANDA, UGANDA - REPLACED THE POWER SUPPLY CIRCUIT BOARD IN THE SCHNEIDER BATTERY INVERTERS AND REPAIRED THE RELION LITHIUM BATTERY; (5) HOSPITAL BAPTISTE, TSIKO, TOGO - INSTALLED THE SECOND PRIMUS STEAM STERILIZER, UPGRADED THE SOLAR SYSTEM FOR OFF GRID USE, AND INSTALLED A SMA SUNNY ISLAND INVERTER FOR CRITICAL HOSPITAL CIRCUITS. DURING 2022 THE ORGANIZATION PERFORMED THE FOLLOWING CONSULTATIONS: (1) BETEAM INTERNATIONAL HOSPITAL, KABUL, AFGHANISTAN - DESIGN AND SPECIFICATIONS FOR A GROUND MOUNT 60 KW SOLAR SYSTEM AND SPECIFICATIONS FOR AN AUTOMATIC TRANSFER SWITCH; (2) HOSPITAL COMPASSION, TOGO - DESIGN AND SPECIFICATIONS FOR A DIESEL GENERATOR SET AND PIPED MEDICAL GAS SYSTEM; (3) HOSPITAL OF HOPE, MANGO, TOGO - DESIGN AND SPECIFICATIONS FOR A DIESEL GENERATOR SET; (4) TENWEK HOSPITAL, BOMET, KENYA - DESIGN AND SPECIFICATIONS FOR A DIESEL GENERATOR SET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Wright President | OfficerTrustee | 40 | $85,000 |
Ken Thomas Chairman | Trustee | 0.25 | $0 |
Steve Shackelford Board Member | Trustee | 0.25 | $0 |
Roger King Board Member | Trustee | 0.25 | $0 |
John R Lonas Secretary | Trustee | 0.25 | $0 |
Jackie Wright Special Projects | Trustee | 4 | $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 | $88,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,940 |
| Total Program Service Revenue | $345,304 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,866 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $8,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $728 |
| Information technology | $4,718 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $519 |
| 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 | $295 |
| Insurance | $2,500 |
| All other expenses | $318,909 |
| Total functional expenses | $432,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,822 |
| 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 | $4 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,520 |
| Total assets | $112,346 |
| Accounts payable and accrued expenses | $75 |
| 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 | $75 |
| Net assets without donor restrictions | $112,271 |
| Net assets with donor restrictions | $0 |
| 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 | $112,346 |