W O And Ann Powers Foundation Inc
- Assets
- $3.6m
- Revenue
- $4.0m
- Investments
- $2.7m
- Employees
- 0
- Location
- Florence, SC
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 58-2335552
Organization Overview
W O And Ann Powers Foundation Inc is located in Florence, SC. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. W O And Ann Powers 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 12/2023, W O And Ann Powers Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, W O And Ann Powers Foundation Inc has awarded 31 individual grants totaling $1,605,222. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $500 | |
Name Not Listed Director | 0 | $500 | |
Name Not Listed Director | 0 | $500 | |
Name Not Listed Director | 0 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $26,664 |
| 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 | $4,026,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $30,021 |
| Contributions, gifts, grants paid | $4,000,000 |
| Total expenses and disbursements | $4,030,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $746,279 |
| 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 | $216,871 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,670,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,633,150 |
| Accounts payable and accrued expenses | $162 |
| 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 | $162 |
Grants Awarded
Over the last fiscal year, W O And Ann Powers Foundation Inc has awarded $1,246,735 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON FOUNDATION PURPOSE: EDUCATIONAL | $1,000,000 |
FLORENCE COUNTY AIRPORT AUTHORITY PURPOSE: PUBLIC TRANSPORATION | $240,735 |
PLEASANT GROVE BAPTIST CHURCH PURPOSE: RELIGIOUS | $6,000 |