R V Powers Foundation Inc
- Assets
- $698.3k
- Revenue
- $72.4k
- Investments
- $600.9k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1941
- Data as of
- 06/2024
- EIN
- 64-0411596
Organization Overview
R V Powers Foundation Inc is located in Jackson, MS. The organization was established in 1941. 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. R V 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 06/2024, R V Powers Foundation Inc generated $72.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $69.8k during the year ending 06/2024. While expenses have increased by 3.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES NEEDY SCHOOL CHILDREN OF JACKSON, MS WITH CLOTHING, EDUCATIONAL SUPPORT, AND OTHER NECESSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Trust Dept End. Trustee | 2 | $5,861 | |
Ms Juanita Walker Exc. Sec. | 20 | $14,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,226 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,103 |
| Capital Gain Net Income | $23,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,663 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $529 |
| Total operating and administrative expenses | $13,073 |
| Contributions, gifts, grants paid | $56,693 |
| Total expenses and disbursements | $69,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,150 |
| 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 | $327 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $600,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $698,328 |
| Accounts payable and accrued expenses | $485 |
| 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 | $485 |
Grants Awarded
Over the last fiscal year, R V Powers Foundation Inc has awarded $56,693 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANOPY CHILDREN'S SOLUTIONS PURPOSE: TO PROVIDE NEEDY SCHOOL CHILDREN OF JACKSON, MS WITH CLOTHING, EDUCATIONAL SUPPORT, AND OTHER NECESSITIES | $28,347 |
MISSISSIPPI CHILDREN'S MUSEUM PURPOSE: TO PROVIDE NEEDY SCHOOL CHILDREN OF JACKSON, MS WITH CLOTHING, EDUCATIONAL SUPPORT, AND OTHER NECESSITIES | $28,346 |