Power Of The Pen
- Assets
- $341.8k
- Revenue
- $283.5k
- Investments
- $0.0
- Employees
- 8
- Location
- North Canton, OH
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 34-1620043
Organization Overview
Power Of The Pen is located in North Canton, OH. The organization was established in 1989. As of 06/2022, Power Of The Pen employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Of The Pen 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 06/2022, Power Of The Pen generated $283.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $207.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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
HOLD INTERSCHOLASTIC WRITING TOURNAMENTS FOR 7TH AND 8TH GRADERS THROUGHOUT OHIO TO SUPPORT WRITING ACHIEVEMENT AND PROMOTE CREATIVE WRITING IN MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED 25 DISTRICT, REGIONAL, AND STATE WRITING TOURNAMENTS FOR MORE THAN 200 SCHOOLS ACROSS OHIO. DUE TO THE COVID-19 PANDEMIC, THE 2021-2022 CREATIVE WRITING TOURNAMENTS WERE MOVED TO AN ONLINE FORMAT IN ORDER TO CONTINUE SUPPORTING, ENCOURAGING, AND CHALLENGING OHIO'S YOUNG AUTHORS TO ACHIEVE EXCELLENCE IN WRITING. WE RETURNED TO IN-PERSON TOURNAMENTS WITH THE STATE TOURNAMENT IN MAY 2022. THE HIGHEST-QUALITY WRITING FROM THE SEASON WAS PUBLISHED IN A BOOK THAT IS MADE AVAILABLE TO POWER OF THE PEN TEAMS AND TEACHERS TO SERVE AS MENTOR TEXTS FOR MIDDLE SCHOOL WRITERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Tschantz Executive Director & Regional Director | Trustee | 30 | $38,000 |
Julie Lyberger President & Regional Director | OfficerTrustee | 15 | $8,000 |
Robin Langlais Secretary & Regional Director | OfficerTrustee | 20 | $8,000 |
Jane Bethel Treasurer | OfficerTrustee | 20 | $0 |
Amy Benedict Board Member | Trustee | 2 | $0 |
Taryn Douglas Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,600 |
| Total Program Service Revenue | $214,900 |
| 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 | $283,500 |
| 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. | $54,000 |
| Compensation of current officers, directors, key employees. | $8,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49 |
| Fees for services: Accounting | $1,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $681 |
| Advertising and promotion | $0 |
| Office expenses | $6,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,081 |
| 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 | $1,597 |
| All other expenses | $0 |
| Total functional expenses | $206,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,849 |
| 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 | $341,849 |
| Accounts payable and accrued expenses | $8,305 |
| Grants payable | $17,600 |
| 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 | $148,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $174,119 |
| Net assets without donor restrictions | $167,730 |
| 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 | $341,849 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Power Of The Pen has recieved totaling $24,350.
| Awarding Organization | Amount |
|---|---|
Harry M And Violet Turner Charitable Trust Springfield, OH PURPOSE: CHARITABLE CONTRIBUTIONS | $16,000 |
Stark Community Foundation Inc Canton, OH PURPOSE: PROGRAM SUPPORT | $5,500 |
Kiwanis Club Of Dayton Ohio Foundation Inc Dayton, OH PURPOSE: EXTRACURRICULAR COMPETITIVE WRITING PROGRAM FOR 7-8 GRADE STUDENTS. | $2,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Dyouville College Buffalo, NY | $237,922,794 | $97,566,880 |
Marywood University Scranton, PA | $244,412,152 | $100,984,557 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
Saint Francis University Loretto, PA | $151,334,265 | $103,685,117 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |