R V Powers Foundation Inc
- Assets
- $657.2k
- Revenue
- $61.6k
- Investments
- $591.3k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/1941
- Data as of
- 06/2022
- 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 06/2022, R V Powers Foundation Inc generated $61.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $39.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES NEEDY SCHOOL CHILDREN OF JACKSON, MS WITH CLOTHING, BOOKS, AND OTHER NECESSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Juanita Walker Exc. Sec. | 20 | $14,438 | |
Regions Trust Dept End. Trustee | 2 | $5,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,140 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,878 |
| Capital Gain Net Income | $12,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,299 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,163 |
| Depreciation | $0 |
| Occupancy | $3,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,899 |
| Total operating and administrative expenses | $33,956 |
| Contributions, gifts, grants paid | $5,681 |
| Total expenses and disbursements | $39,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,996 |
| 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 | $973 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $591,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $657,227 |
| Accounts payable and accrued expenses | $425 |
| 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 | $425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |
Huey And Angelina Wilson Foundation Baton Rouge, LA | $180,086,901 | $15,078,122 |
Ayers Foundation Parsons, TN | $11,206,154 | $10,940,393 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |