Powers Promise
- Assets
- $3.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spotswood, NJ
- Founding
- 04/2017
- Data as of
- 12/2019
- EIN
- 82-1063938
Organization Overview
Powers Promise is located in Spotswood, NJ. The organization was established in 2017. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powers Promise 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 12/2019, Powers Promise generated $59.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $63.4k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
DONATIONS TOWARD MEDICAL RESEARCH
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,740 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $45,715 |
| Other Revenue | $0 |
| Total Revenue | $59,455 |
| 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 | $150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $387 |
| Other expenses | $897 |
| Total expenses | $63,434 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,405 |
| Other assets | $0 |
| Total assets | $3,405 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,405 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Powers Promise has recieved totaling $6,770.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,894 |
Owen Charitable Foundation Jupiter, FL PURPOSE: GENERAL PURPOSE | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
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