Power Inspires Progress Inc
- Assets
- $0.0
- Revenue
- $47.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Cincinnati, OH
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 31-1367071
Organization Overview
Power Inspires Progress Inc is located in Cincinnati, OH. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Inspires Progress Inc 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, Power Inspires Progress Inc generated $47.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.6%) each year. All expenses for the organization totaled $370.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POWER INSPIRES PROGRESS OPERATES SMALL BUSINESSES IN THE INNER CITY TO PROVIDE POSITIVE, MEANINGFUL WORK OPPORTUNITIES FOR ADULTS WITH EMPLOYMENT BARRIERS. WE TEACH BASIC EDUCATION, LIFE SKILLS, WORK ETHICS AND PERSONAL RESPONSIBILITY. TRAINEES GAIN THE KNOWLEDGE AND EXPERIENCE TO BE SUCCESSFUL IN THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SUPERVISION AND JOB TRAINING TO LOW-INCOME DISADVANTAGED AND DISABLED PERSONS IN THE GREATER CINCINNATI AREA BY PROVIDING THEM WITH SKILLS NEEDED TO OBTAIN JOBS IN THE OPEN MARKET.THE ORGANIZATION DISOLVED IN 2022, WITH AN EFFECTIVE DATE OF JANUARY 30, 2023 WITH THE OHIO SECRETARY OF STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Eaves Co-Chair | Trustee | 2 | $0 |
Cat Eaves Trustee | Trustee | 2 | $0 |
Chilton Jones Treasurer | Trustee | 2 | $0 |
Maryann Barnhorn Trustee | Trustee | 2 | $0 |
Brice Mackey Trustee | Trustee | 2 | $0 |
Allyson Lilburn Co-Chair | Trustee | 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 | $15,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,505 |
| Total Program Service Revenue | $4,907 |
| Investment income | $1,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $45,915 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,571 |
| Advertising and promotion | $13,101 |
| Office expenses | $2,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,114 |
| Insurance | $9,999 |
| All other expenses | $7,193 |
| Total functional expenses | $370,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |