Powell Foundation Inc
- Assets
- $945.5k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenbelt, MD
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-4131811
Organization Overview
Powell Foundation Inc is located in Greenbelt, MD. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powell Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Powell Foundation Inc has awarded 80 individual grants totaling $580,275. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MT. ENNON BAPTIST CHRUCH
DELTA FOUNDATION, INC
THE ATLANTA UNIVERSITY CENTER CONSORTIUM
THE UNIVERSITY OF GEORGIA FOUNDATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $2,015 |
| Contributions, gifts, grants paid | $165,500 |
| Total expenses and disbursements | $167,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,531 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $945,531 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Powell Foundation Inc has awarded $165,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA FOUNDATION INC PURPOSE: SCHOLARSHIP PROGRAM | $6,000 |
MOREHOUSE COLLEGE PURPOSE: SCHOLARSHIP PROGRAM | $26,000 |
MT ENNON BAPTIST CHRUCH PURPOSE: SCHOLARSHIP PROGRAM | $62,000 |
THE ATLANTA UNIVERSITY CENTER CONSORTIUM PURPOSE: SCHOLARSHIP PROGRAM | $6,500 |
YOLANDA T WALSH PURPOSE: EDUCATION | $6,000 |
GENTLE HANDS AND FEET INC PURPOSE: ASSISTANCE TO FAMILIES | $1,000 |