Essential Power Llc
- Assets
- $26.6k
- Revenue
- $49.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 61-6375186
Organization Overview
Essential Power Llc is located in Princeton, NJ. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Essential Power Llc 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, Essential Power Llc generated $49.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $79.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Essential Power Llc has awarded 115 individual grants totaling $291,970. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Solimini Trustee | 1 | $0 | |
Gary Heichel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,417 |
| Interest on Savings | $0 |
| 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 | $49,417 |
| 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 | $1,127 |
| Total operating and administrative expenses | $1,127 |
| Contributions, gifts, grants paid | $78,670 |
| Total expenses and disbursements | $79,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,574 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $26,574 |
| 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, Essential Power Llc has awarded $78,670 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVE ENOUGH TO FAIL PURPOSE: PROVIDE MOTIVATIONAL GUIDANCE AND SCHOLARSHIPS | $3,500 |
RED RAIDER FOUNDATION PURPOSE: GENERATE AND DISTRIBUTE RESOURCES TO THE MONTGOMERY AREA SCHOOL DISTRICT TO ENRICH MAINTAIN AND EXPAND EXCELLENCE IN EDUCATION | $2,000 |
SAYRE HOUSE OF HOPE PURPOSE: SUPPORTING ACCOMODATIONS FOR PATIENTS AND THEIR FAMILY | $2,000 |
SOJOURNER HOUSE INC PURPOSE: SUPPORT FOR DOMESTIC AND SEXUAL ABUSE | $2,500 |
SUSQUEHANNA VALLEY CASA PURPOSE: CHILD ADVOCACY | $2,000 |
A CHILDS VOICE CHILD ADVOCACY PURPOSE: AWARENESS TO DOMESTIC VIOLENCE | $3,000 |