Propel Initiative Inc
- Assets
- $31.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-1160092
Organization Overview
Propel Initiative Inc is located in Gastonia, NC. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Initiative 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 12/2021, Propel Initiative Inc generated $91.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $89.3k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Triller President | 30 | $0 | |
Lawrence V Moore Sec Treasurer | 5 | $0 | |
Robert Sgarlata VP | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,696 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,696 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $675 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $852 |
| Other expenses | $87,818 |
| Total expenses | $89,345 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,790 |
| Other assets | $0 |
| Total assets | $31,790 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,790 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Propel Initiative Inc has recieved totaling $599.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $501 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Penny Appeal Usa Inc Alexandria, VA | $5,095,057 | $8,905,052 |
Samaritans Feet International Charlotte, NC | $19,362,497 | $7,555,032 |
St Luke Foundation For Haiti Dumfries, VA | $1,366,541 | $7,126,757 |
Lwala Community Alliance Inc Nashville, TN | $17,369,042 | $16,360,531 |
World Pediatric Project Richmond, VA | $4,763,587 | $6,525,258 |
Mihret Medical Supply Group Inc Ruckersville, VA | $743,818 | $5,710,148 |
The Yonkofa Project Inc Peachtree City, GA | $245,141 | $5,183,771 |
Zoe Empowers Raleigh, NC | $7,648,679 | $6,013,214 |
Healing Hands International Inc Nashville, TN | $10,095,552 | $10,611,098 |
Serving The Nations Inc Annandale, VA | $128,025 | $2,116,000 |
Oneworld Health Charleston, SC | $4,817,781 | $4,667,739 |