Diverse Power Foundation Inc
- Assets
- $166.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lagrange, GA
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 58-2663728
Organization Overview
Diverse Power Foundation Inc is located in Lagrange, GA. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community 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. Diverse Power 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, Diverse Power Foundation Inc generated $183.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $191.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
ACCUMULATION AND DISTRIBUTION OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF DIVERSE POWER INCOROPORATED, AN ELECTRIC MEMBERSHIP CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Cone Chairman | 0.4 | $0 | |
Rickey Nasworthy Vice Chairma | 0.4 | $0 | |
Jim Sills Secretary | 0.4 | $0 | |
Lawrence Jeter Director | 0.4 | $0 | |
Joel Keith Director | 0.4 | $0 | |
Paul Longgrear Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $240 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,925 |
| 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 | $2,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $191,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,920 |
| Other assets | $0 |
| Total assets | $166,289 |
| Total liabilities | $34,658 |
| Net assets or fund balances | $131,631 |