Powerhouse Foundation
- Assets
- $285.9k
- Revenue
- $255.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Crowley, TX
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-2525076
Organization Overview
Powerhouse Foundation is located in Crowley, TX. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powerhouse Foundation 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, Powerhouse Foundation generated $255.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $546.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Powerhouse Foundation has awarded 21 individual grants totaling $1,176,234. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHF PURPOSE IS TO GLORIFY JESUS CHRIST BY POSITIVELY IMPACTING PEOPLE IN OUR COMMUNITY BY MEETING THEIR PHYSICAL, SPIRITUAL, FINANCIAL, AND EMOTIONAL NEEDS. IN 2021, PHF BUILT PARTNERSHIPS WITH ORGANIZATIONS BY SPENDING TIME AND FUNDS TO GROW CROWLEY AND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHF PROVIDED FUNDS FOR LOCAL COMMUNITY AND RELIGION ORGANIZATIONS TO PROVIDE BENEVOLENCE AND RELIEF TO RESIDENTS DURING COVID IN THE LOCAL CROWLEY AREA
PHF PROVIDED ASSISTANCE TO INDIVIDUALS THAT WERE FURLOUGHED DURING COVID OR HAD LARGE MEDICAL OR CATASTROPHIC NEEDS.
PHF PROVIDED FUNDS TO THE THE FOUNTAINS FELLOWSHIP COUNSELING CENTER TO PROVIDE FREE COUNSELING FOR PEOPLE IN THE COMMUNITY.
IMPACT KIDS - PROVIDED FOOD TO SCHOOL CHILDREN CROWLEY SCHOOLS - PROVIDED SCHOLARSHIPS, ETC IN SCHOOLS ANGEL TREE - PROVIDED CHRISTMAS GIFTS TO KIDS IN COMMUNITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Hargrave Executive Director | Trustee | 10 | $14,000 |
Gayle Teeter Executive Director | Trustee | 10 | $11,250 |
David Bream Treasurer | OfficerTrustee | 5 | $2,280 |
Jeffrey D Hargrave President | OfficerTrustee | 2 | $0 |
Don Womble Vice President | OfficerTrustee | 1 | $0 |
Stacy Daniell Secretary | OfficerTrustee | 2 | $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 | $254,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,953 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $254,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $479,897 |
| Grants and other assistance to domestic individuals. | $37,902 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,790 |
| Compensation of current officers, directors, key employees. | $27,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $388 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $202 |
| Total functional expenses | $546,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,930 |
| 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 | $285,930 |
| Accounts payable and accrued expenses | $57,799 |
| 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 | $57,799 |
| Net assets without donor restrictions | $228,131 |
| 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 | $285,930 |
Grants Awarded
Over the last fiscal year, Powerhouse Foundation has awarded $279,101 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Crowley, TX PURPOSE: Counseling for community | $125,000 |
Burleson, TX PURPOSE: Benevolence for community | $100,000 |
Fort Worth, TX PURPOSE: student assistance in local schools | $26,000 |
Crowley, TX PURPOSE: assist individuals with autism | $10,000 |
Fort Worth, TX PURPOSE: Medical clinic for homeless | $7,100 |
Fort Worth, TX PURPOSE: Support soldiers | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Powerhouse Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: TO SUPPORT LOCAL FOOD AND CLOTHING NEEDS IN THE COMMUNITY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Rachal Foundation Corpus Christi, TX | $646,089,771 | $106,764,115 |
Glory Of Zion International Ministries Inc Denton, TX | $19,221,752 | $22,884,653 |
Emmaus Calling Inc Lakeway, TX | $82,731,037 | $15,260,002 |
Evelyn Rubenstein Jewish Community Center Of Houston Texas Houston, TX | $63,544,592 | $32,335,855 |
Multi-Faith Retirement Services Live Oak Retirement Center Shreveport, LA | $13,466,156 | $10,872,483 |
Southern Oklahoma Memorial Foundation Inc Ardmore, OK | $106,106,910 | $11,493,167 |
El Paso Center For Children Inc El Paso, TX | $2,932,170 | $7,098,518 |
Adult & Teen Challenge Of Texas San Antonio, TX | $11,283,106 | $8,543,774 |
Project Vida El Paso, TX | $4,738,725 | $6,974,845 |
If Gathering Dallas, TX | $3,452,499 | $4,210,258 |
Ecumenical Center For Religion And Health San Antonio, TX | $7,342,387 | $4,148,621 |
To Every Tribe Los Fresnos, TX | $3,193,524 | $2,946,318 |