Power2change Foundation Inc
- Assets
- $0.0
- Revenue
- $44.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 06/2017
- Data as of
- 12/2019
- EIN
- 81-2927922
Organization Overview
Power2change Foundation Inc is located in Fort Myers, FL. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2019, Power2change Foundation Inc generated $44.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.3% each year . All expenses for the organization totaled $70.0k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT OF INDIVIDUALS, BASED ON THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Stone Chairman | 0 | $0 | |
Heather Stone Dir. Of Oper | 0 | $0 | |
David Disque Director | 0 | $0 | |
Lynn Giachetti Director/cfo | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,925 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| 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 | $150 |
| Total Revenue | $44,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $30,000 |
| Pension plans, employee benefits | $2,815 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,304 |
| Total operating and administrative expenses | $50,119 |
| Contributions, gifts, grants paid | $19,866 |
| Total expenses and disbursements | $69,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Power2change Foundation Inc has awarded $261,268 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF LEE COUNTY PURPOSE: CHILD DEVELOPMENT | $3,250 |
DESIGN FOR CHANGE PURPOSE: CHILD DEVELOPMENT | $97,158 |
FL GULF COAST UNIV FOUNDATION PURPOSE: EDUCATION | $20,300 |
GEORGE GERVIN YOUTH CENTER INC PURPOSE: COMBAT JUVENILE DELINQUENCY | $75,000 |
LAKEWOOD FAMILY YMCA PURPOSE: PERSONAL DEVELOPMENT | $5,000 |
MY SISTER'S PLACE INC PURPOSE: END DOMESTIC VIOLENCE | $2,500 |