Mpower Inc
- Assets
- $1.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 182
- Location
- Stillwater, OK
- Founding
- 06/1971
- Data as of
- 06/2024
- EIN
- 73-0799560
Organization Overview
Mpower Inc is located in Stillwater, OK. The organization was established in 1971. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2024, Mpower Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpower 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, Mpower Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. While expenses have increased by 7.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER ADULTS WITH DEVELOPMENTAL DISABILITIES TO CONTRIBUTE TO THE COMMUNITY THROUGH A VARIETY OF MEANINGFUL TRAINING AND EMPLOYMENT OPPORTUNITIES AND TO LIVE AS INDEPENDENTLY AS POSSIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY PROVIDES, MAINTAINS AND OPERATES A PLACE FOR JOB-TRAINING, SHELTERED AND SUPPORTED EMPLOYMENT AND RESIDENTIAL SERVICES FOR PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Dawes Secretary | Trustee | 0 | $0 |
Milissa Gofourth Trustee | Trustee | 0 | $0 |
Marcia Karns Trustee | Trustee | 0 | $0 |
Dara Beasley Trustee | Trustee | 0 | $0 |
Rachel Shreffler Trustee | Trustee | 0 | $0 |
Tom Logan Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,650 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,879 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,978 |
| Total Program Service Revenue | $2,664,391 |
| Investment income | $10,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,215 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,013,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,108 |
| Compensation of current officers, directors, key employees. | $6,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,312,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,608 |
| Payroll taxes | $194,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,757 |
| Office expenses | $45,249 |
| Information technology | $15,812 |
| Royalties | $0 |
| Occupancy | $142,469 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,113 |
| Insurance | $193,717 |
| All other expenses | $0 |
| Total functional expenses | $4,060,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,824 |
| Accounts receivable, net | $137,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,753 |
| Prepaid expenses and deferred charges | $54,132 |
| Net Land, buildings, and equipment | $856,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,615 |
| Total assets | $1,779,531 |
| Accounts payable and accrued expenses | $101,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $324,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $425,320 |
| Net assets without donor restrictions | $1,354,211 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,779,531 |