Wepower
- Assets
- $83.6k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Saint Louis, MO
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3591958
Organization Overview
Wepower is located in Saint Louis, MO. The organization was established in 2018. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wepower employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wepower 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, Wepower generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 54.7% per year over the past 4 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
WEPOWERS MISSION IS TO ACTIVATE COMMUNITY POWER TO RE-DESIGN EDUCATION, ECONOMIC, HEALTH, AND JUSTICE SYSTEMS TO BE JUST AND EQUITABLE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY WEALTH BUILDING INITIATIVE - WE RUN A TRIO OF PROGRAMS (WEPOWER BUSINESS ACCELERATOR, WEPOWER INVESTMENT FUND, AND KIVA HUB 0-INTEREST LOANS) THAT DEVELOP BLACK AND LATINX ST. LOUIS ENTREPRENEURS WITH THE GOALS OF SPARKING ECONOMIC DEVELOPMENT AND CREATING LIVING-WAGE JOBS. IN 2021, WE DISBURSED 15+ INTEREST FREE LOANS (UP TO $15K) THROUGH THE ST. LOUIS KIVA HUB. IN 2021, WE ALSO LAUNCHED OUR $1.5 MILLION INVESTMENT FUND, WHICH WILL PROVIDE BLACK AND LATINX-OWNED BUSINESSES ACCESS TO CAPITAL AND BUSINESS COACHING WITH FLEXIBLE, FOUNDER-FRIENDLY PAYMENT TERMS. IN ADDITION, WE HAD 10 LOCAL BLACK AND LATINX-OWNED BUSINESSES COMPLETE OUR ACCELERATOR IN 2021; EACH PARTICIPANT RECEIVED 100+ HOURS OF BUSINESS COACHING, INVESTMENT READINESS TRAINING, MARKETING AND BRANDING CONSULTATION, BOOKKEEPING SUPPORT, AND MENTORSHIP OVER A 6 MONTH PERIOD.
POWER BUILDING ACADEMIES: POWER BUILDING ACADEMY IS A 3 MONTH PROGRAM THAT PROVIDES KEY EXPERIENCES IN LEADERSHIP DEVELOPMENT, SYSTEMS ANALYSIS, AND GRASSROOTS ORGANIZING FOR RESIDENTS SEEKING TO IMPROVE THE REGIONS ECONOMIC AND EARLY CHILDHOOD EDUCATION (ECE) SYSTEMS. IN 2021, WE TRAINED 21 LOCAL RESIDENTS THROUGH THE PROGRAM. IN TANDEM WITH OUR POWER BUILDING ACADEMY AND IN PARTNERSHIP WITH OTHERS, WE HAVE ALSO STARTED A COALITION FOR ECONOMIC JUSTICE, DESIGNED POLICY PLATFORMS, AND LED ADVOCACY CAMPAIGNS INCLUDING ONE TO SPARK EQUITABLE ALLOCATION OF RESOURCES TO EARLY CHILDHOOD EDUCATION CENTERS AND ANOTHER TO ADDRESS IMPENDING SCHOOL CLOSINGS WITHIN THE SAINT LOUIS PUBLIC SCHOOLS.
STORYTELLING AND COMMUNICATIONS - WE TELL HUMAN-CENTERED STORIES THAT SHIFT BELIEFS AND BEHAVIORS. WE AMPLIFY THE STORIES OF OUR COMMUNITY MEMBERS IN ORDER TO ILLUMINATE THEIR EXPERIENCES WITH THE CURRENT SYSTEM AND THEIR JOURNEYS OF ACHIEVING CHANGE. WE PRODUCED SEVERAL STORIES AND VIDEOS ABOUT OUR ENTREPRENEURS AND CHANGEMAKERS, IN ADDITION TO HIGHLIGHTING THEM AND OUR WORK ON SOCIAL MEDIA AND OTHER PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charli Cooksey Founder And CEO | Officer | 40 | $98,988 |
April Fulstone Secretary | OfficerTrustee | 1 | $0 |
Andrew Yawitz Chair | OfficerTrustee | 1 | $0 |
Abdul-Kaba Abdullah Member | Trustee | 1 | $0 |
Ryan Strode Member | Trustee | 1 | $0 |
Dave Peacock Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,668,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,807,740 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $1,807,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,500 |
| 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. | $20,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,402 |
| Payroll taxes | $51,342 |
| Fees for services: Management | $104,646 |
| Fees for services: Legal | $22,928 |
| Fees for services: Accounting | $20,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,533 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,786 |
| Advertising and promotion | $0 |
| Office expenses | $3,130 |
| Information technology | $61,505 |
| Royalties | $0 |
| Occupancy | $30,568 |
| Travel | $2,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,622 |
| All other expenses | $0 |
| Total functional expenses | $1,787,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Total assets | $83,554 |
| Accounts payable and accrued expenses | $55,620 |
| 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 | $55,620 |
| Net assets without donor restrictions | $27,934 |
| 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 | $83,554 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wepower has recieved totaling $229,500.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: EARLY CARE AND EDUCATION | $60,000 |
The Opportunity Trust St Louis, MO PURPOSE: PARENT LEADERSHIP | $50,000 |
Ideoorg San Francisco, CA PURPOSE: GRANT TO SUPPORT THE INNOVATION OF STORYTELLING & MINDSET-SHIFT AROUND CHILDCARE AND EARLY LEARNING FOR 8 GRANTEES IN DIFFERENT CONTEXTS ACROSS THE COUNTRY | $45,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $44,500 |
Vilcap Inc Houston, TX PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Enterprise Center Of Johnson County Overland Park, KS | $1,026,412 | $1,656,304 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |