State Power Fund
- Assets
- $7.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Youngstown, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-3982823
Organization Overview
State Power Fund is located in Youngstown, OH. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, State Power Fund employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Power Fund 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 12/2022, State Power Fund generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, State Power Fund has awarded 21 individual grants totaling $786,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO SUPPORTING INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS TO BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY FUNDING NONPROFIT ORGANIZATIONS TO ACCOMPLISH NEEDED CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATE WITH INDIVIDUALS AND INSTITUTIONS TO PROVIDE FISCAL SPONSORSHIP AND PROJECT HOSTING SUPPORT THAT ENABLES THEM TO REACH THEIR PHILANTHROPIC GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doran Schrantz Board Chair | OfficerTrustee | 5 | $0 |
Andrea Mercado Board Member | Trustee | 5 | $0 |
Damareo Cooper Treasurer | OfficerTrustee | 5 | $0 |
Kirk Noden Board Member | Trustee | 5 | $0 |
Tram Nguyen Board Member | Trustee | 5 | $0 |
Nseabasi Ufot Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Building Strategies Consulting | 12/30/22 | $367,272 |
Rising Tide Interactive Consulting | 12/30/22 | $121,790 |
Deliver Strategies Consulting | 12/30/22 | $179,575 |
Lake Research Partners Consulting | 12/30/22 | $177,176 |
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 | $7,859,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,859,808 |
| 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 | $7,859,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $806,000 |
| 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. | $20,673 |
| Compensation of current officers, directors, key employees. | $10,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,126,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,542 |
| Payroll taxes | $95,146 |
| 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 | $1,316,564 |
| Advertising and promotion | $207,990 |
| Office expenses | $59,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,806 |
| Travel | $42,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561 |
| Insurance | $1,368 |
| All other expenses | $0 |
| Total functional expenses | $3,952,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,252,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $2,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,279,970 |
| Accounts payable and accrued expenses | $1,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $675,235 |
| 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 | $35,921 |
| Total liabilities | $712,439 |
| Net assets without donor restrictions | $2,022,531 |
| Net assets with donor restrictions | $4,545,000 |
| 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 | $7,279,970 |
Grants Awarded
Over the last fiscal year, State Power Fund has awarded $786,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR A PROGRESSIVE NEVADA PURPOSE: PROGRAM SERVICES | $50,000 |
POLICY MATTERS OHIO PURPOSE: PROGRAM SERVICES | $55,000 |
FAITH IN INDIANA PURPOSE: PROGRAM SERVICES | $80,000 |
KEYSTONE RESEARCH CENTER PURPOSE: PROGRAM SERVICES | $50,000 |
CHILDREN'S ACTION ALLIANCE PURPOSE: PROGRAM SERVICES | $10,000 |
OREGON CENTER FOR PUBLIC POLICY PURPOSE: PROGRAM SERVICES | $40,000 |