Powered Foods
- Assets
- $13.6k
- Revenue
- $81.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-4554350
Organization Overview
Powered Foods is located in Kalispell, MT. The organization was established in 2017. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powered Foods 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, Powered Foods generated $81.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $63.0k during the year ending 12/2021. While expenses have increased by 20.0% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMENDED PURPOSE OF THE CORPORATION FROM 2018 THROUGH 2020 WAS "TO DEVELOP TECHNICAL SOLUTIONS IN FOOD PRODUCTION, OPTIMIZE NUTRITION AND ENERGY IN FOOD FOR INCREASED HEALTH, AND EDUCATE THE PUBLIC ABOUT THESE DEVELOPMENTS AND SOLUTIONS." THIS WAS THE VISION OF HOWARD F. WILKINS II WHO SERVED AS THE CHIEF EXECUTIVE OFFICER FROM 2019 TO HIS PASSING ON FEB. 19, 2021. THE REMAINING MEMBERS OF THE BOARD OF TRUSTEES, HAVING DISCUSSED THE LOSS OF HOWARD F. WILKINS II, AND HIS VISION, SEE NO VIABLE PATH FORWARD FOR THE ORGANIZATION. DUE TO THE PANDEMIC OF 2020, AND HOWARD'S ILLNESS AND PASSING IN FEB. OF 2021, THERE WAS NO DEVELOPMENT ON THE PROPERTIES PURCHASED IN THE LATTER PART OF 2019 AND NO ADVANCEMENT OF THE POWERED FOODS' MISSION. THUS, THE BOARD OF TRUSTEES, BY UNANIMOUS WRITTEN CONSENT DATED AUG. 9, 2021, AGREED IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO DISPOSE OF ITS ASSETS, PAY ITS DEBTS, AND DISSOLVE THE OHIO 501(C)(3) NONPROFIT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP TECHNICAL SOLUTIONS IN FOOD PRODUCTION SCIENCE, TO OPTIMIZE NUTRITION AND ENERGY IN FOOD FOR INCREASED HEALTH. BEGAN DEVELOPING THIS LINE OF ACTIVITY IN 2018. PLEASE SEE SCHEDULE O FOR DETAILS. *** THE CORPORATION CEASED ALL PROGRAM SERVICES AND ACTIVITIES IN 2021 AND IS IN THE PROCESS OF DISSOLUTION IN 2022. HOWARD F. WILKINS II SERVED AS THE CHIEF EXECUTIVE OFFICER FROM 2019 TO HIS PASSING ON FEB. 19, 2021. THE REMAINING MEMBERS OF THE BOARD OF TRUSTEES, HAVING DISCUSSED THE LOSS OF HOWARD F. WILKINS II, AND HIS VISION, SEE NO VIABLE PATH FORWARD FOR THE ORGANIZATION. DUE TO THE PANDEMIC OF 2020, AND HOWARD'S ILLNESS AND PASSING IN FEB. OF 2021, THERE WAS NO DEVELOPMENT ON THE PROPERTIES PURCHASED IN THE LATTER PART OF 2019 AND NO ADVANCEMENT OF THE POWERED FOODS' MISSION. THUS, THE BOARD OF TRUSTEES, BY UNANIMOUS WRITTEN CONSENT DATED AUG. 9, 2021, AGREED IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO CEASE ITS ACTIVITIES, DISPOSE OF ITS ASSETS TO PAY ITS DEBTS, AND DISSOLVE THE OHIO 501(C)(3) NONPROFIT CORPORATION.
EDUCATE THE PUBLIC ABOUT THESE DEVELOPMENTS AND SOLUTIONS: THIS IS A FUTURE ACTIVITY. *** THE CORPORATION CEASED ALL PROGRAM SERVICES AND ACTIVITIES IN 2021 AND IS IN THE PROCESS OF DISSOLUTION IN 2022. HOWARD F. WILKINS II SERVED AS THE CHIEF EXECUTIVE OFFICER FROM 2019 TO HIS PASSING ON FEB. 19, 2021. THE REMAINING MEMBERS OF THE BOARD OF TRUSTEES, HAVING DISCUSSED THE LOSS OF HOWARD F. WILKINS II, AND HIS VISION, SEE NO VIABLE PATH FORWARD FOR THE ORGANIZATION. DUE TO THE PANDEMIC OF 2020, AND HOWARD'S ILLNESS AND PASSING IN FEB. OF 2021, THERE WAS NO DEVELOPMENT ON THE PROPERTIES PURCHASED IN THE LATTER PART OF 2019 AND NO ADVANCEMENT OF THE POWERED FOODS' MISSION. THUS, THE BOARD OF TRUSTEES, BY UNANIMOUS WRITTEN CONSENT DATED AUG. 9, 2021, AGREED IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO CEASE ITS ACTIVITIES, DISPOSE OF ITS ASSETS TO PAY ITS DEBTS, AND DISSOLVE THE OHIO 501(C)(3) NONPROFIT CORPORATION.
YOUTH BEE WORKS ACTIVITIES: NO ACTIVITIES IN 2020 OR 2021. *** THE CORPORATION CEASED ALL PROGRAM SERVICES AND ACTIVITIES IN 2021 AND IS IN THE PROCESS OF DISSOLUTION IN 2022. HOWARD F. WILKINS II SERVED AS THE CHIEF EXECUTIVE OFFICER FROM 2019 TO HIS PASSING ON FEB. 19, 2021. THE REMAINING MEMBERS OF THE BOARD OF TRUSTEES, HAVING DISCUSSED THE LOSS OF HOWARD F. WILKINS II, AND HIS VISION, SEE NO VIABLE PATH FORWARD FOR THE ORGANIZATION. DUE TO THE PANDEMIC OF 2020, AND HOWARD'S ILLNESS AND PASSING IN FEB. OF 2021, THERE WAS NO DEVELOPMENT ON THE PROPERTIES PURCHASED IN THE LATTER PART OF 2019 AND NO ADVANCEMENT OF THE POWERED FOODS' MISSION. THUS, THE BOARD OF TRUSTEES, BY UNANIMOUS WRITTEN CONSENT DATED AUG. 9, 2021, AGREED IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO CEASE ITS ACTIVITIES, DISPOSE OF ITS ASSETS TO PAY ITS DEBTS, AND DISSOLVE THE OHIO 501(C)(3) NONPROFIT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wilkins Trustee And President | OfficerTrustee | 2 | $0 |
Craig Wilkins Trustee | Trustee | 0.25 | $0 |
Paul Trudeau Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,637 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$7,358 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,279 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,168 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,135 |
| Advertising and promotion | $2,500 |
| Office expenses | $5,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,212 |
| Travel | $184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $62,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,605 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$44,718 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $58,323 |
| Total liabilities and net assets/fund balances | $13,605 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Powered Foods has recieved totaling $16,408.
| Awarding Organization | Amount |
|---|---|
Community West Foundation Westlake, OH PURPOSE: SEE PART IV | $16,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teton County 4-H Council Jackson, WY | $5,120,856 | $1,212,506 |
North Dakota Ffa Foundaton Incorporated Bismarck, ND | $2,357,984 | $584,038 |
Latah County 4h And Ffa Market Animal Sale Inc Moscow, ID | $10,122 | $465,515 |
Idaho Ffa Foundation Inc Star, ID | $917,319 | $494,143 |
University Of Wyoming Cheyenne, WY | $30,954 | $423,976 |
4-H Clubs & Affiliated 4-H Organizations Fargo, ND | $4,432,232 | $751,100 |
South Dakota Ffa Foundation Inc Bath, SD | $1,190,469 | $597,022 |
University Of Idaho 4-H Livestock Sale Mountain Home, ID | $337,386 | $335,454 |
Montana 4-H Foundation Inc Bozeman, MT | $4,132,892 | $565,507 |
Future Farmers Of America And Its State Associations & Local Chapter Bismarck, ND | $372,448 | $179,734 |
Yellowstone County 4-H Council Billings, MT | $143,002 | $252,745 |
Montana Ffa Association Bozeman, MT | $99,677 | $226,422 |