Power Up Scholarship Fund Inc
- Assets
- $499.7k
- Revenue
- $541.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-0885331
Organization Overview
Power Up Scholarship Fund Inc is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, 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. Power Up Scholarship Fund 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, Power Up Scholarship Fund Inc generated $541.4k in total revenue. All expenses for the organization totaled $114.9k during the year ending 12/2021. While expenses have increased by 82.6% per year over the past 2 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
OUR MISSION IS PORVIDE MENTORSHIP FOR AT RISK CHILDREN THROUGH MARTIAL ARTS TRAINING. WE PROVIDE SCHOLARSHIPS TO QUALIFING CHILDREN TO TRAIN TO TRAIN WITH ONE OF OUR SENSEIS. WE SERVICE APPROXIMATELY 168 AT RISK CHILDREN WITH OUR SCHOLARSHIPS. TRAINING OCCURS 1-2 TIMES PER WEEK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVEN OUR MISSION TO PROVIDE MENTORSHIP FOR AT RISK CHILDREN THROUGH MARTIAL ARTS WE SERVED DURING THIS YEAR APPROXIMATELY 165 CHILDREN WITH TWICE PER WEEK HAND ON TRAINING FROM ONE OF OUR SENSEIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Scee Ceo, CFO & Sec | 0 | $0 | |
Thomas A Avery Jr Director | 0 | $0 | |
Michael Auzenne Director | 0 | $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 | $541,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,409 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,409 |
| 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. | $23,646 |
| Compensation of current officers, directors, key employees. | $5,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,758 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,575 |
| Office expenses | $1,393 |
| Information technology | $3,812 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,068 |
| Insurance | $1,442 |
| All other expenses | $0 |
| Total functional expenses | $114,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $1,442 |
| Total assets | $499,665 |
| Accounts payable and accrued expenses | $14,832 |
| 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 | $14,832 |
| Net assets without donor restrictions | $484,833 |
| 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 | $499,665 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Power Up Scholarship Fund Inc has recieved totaling $27,104.
| Awarding Organization | Amount |
|---|---|
Atlanta Charity Clays Inc Atlanta, GA PURPOSE: GENERAL PURPOSE | $16,104 |
Inspire Brands Foundation Inc Atlanta, GA PURPOSE: MISSION SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Heartland For Children Inc Bartow, FL | $9,440,569 | $48,626,648 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |