Powers Foundation Inc
- Assets
- $3.3m
- Revenue
- $171.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 02/1968
- Data as of
- 07/2024
- EIN
- 75-6080974
Organization Overview
Powers Foundation Inc is located in Shreveport, LA. The organization was established in 1968. 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. 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 07/2024, Powers Foundation Inc generated $171.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $378.1k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Powers Foundation Inc has awarded 477 individual grants totaling $3,412,650. 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 |
|---|---|---|---|
C Cody White Jr Pres & Treas | 10 | $30,000 | |
Stephen C White V.P. | 1 | $3,000 | |
Ellen H White Sec | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,068 |
| Dividends & Interest | $118,462 |
| 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 | $171,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,043 |
| Contributions, gifts, grants paid | $338,082 |
| Total expenses and disbursements | $378,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,084 |
| 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 | $2,518,593 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,333,445 |
| 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, Powers Foundation Inc has awarded $338,082 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: CHARITABLE | $20,000 |
BRIDGE ALZHEIMERS & DEMENTIA RESOURCE CTR PURPOSE: CHARITABLE | $5,000 |
CATHOLIC CHARITIES OF NORTH LOUISIANA PURPOSE: CHARITABLE | $2,500 |
CENTENARY COLLEGE PURPOSE: EDUCATIONAL | $10,000 |
CHRISTIAN SERVICE PROGRAM PURPOSE: CHARITABLE | $2,500 |
COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $20,000 |