Re Power Fund
- Assets
- $5.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 35-2191193
Organization Overview
Re Power Fund is located in Minneapolis, MN. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re 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 12/2021, Re Power Fund generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
RE:POWER FUND IS DEDICATED TO BUILDING TRANSFORMATIVE PEOPLE POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVEMENT BUILDING: RE:POWER FUND'S MOVEMENT BUILDING PROGRAM SUPPORTS POWERFUL ORGANIZATIONS & COALITIONS TO ORGANIZE AND MOBILIZE CAMPAIGNS THROUGH STRATEGIC PLANNING, COACHING, AND CAPACITY BUILDING.
MOVEMENT TECHNOLOGY:RE:POWER FUND'S MOVEMENT TECHNOLOGY WORK DEVELOPS COMMUNITY-LED TECHNOLOGY SKILLS OF DATA AND DIGITAL PRACTITIONERS WHO ARE ADVANCING CHANGE IN OUR COMMUNITIES.
CIVIC ENGAGEMENT:RE:POWER FUND'S CIVIC ENGAGEMENT WORK TRAINS ASPIRING LEADERS AND ELECTED OFFICIALS TO HARNESS THEIR POWER AND DEVELOP THEIR LEADERSHIP TO BUILD A REFLECTIVE DEMOCRACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karundi Williams Executive Director | Officer | 42 | $152,762 |
Sara Totonchi Vice-Chair | OfficerTrustee | 2 | $0 |
Leah Boudreaux Treasurer | OfficerTrustee | 2 | $0 |
Carmen Berkley Chair | OfficerTrustee | 2 | $0 |
April Sims Secretary | OfficerTrustee | 2 | $0 |
Katrina Gamble Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,145,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,214,084 |
| Total Program Service Revenue | $1,106,652 |
| Investment income | $621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,260 |
| 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 | $4,322,617 |
| 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. | $171,623 |
| Compensation of current officers, directors, key employees. | $68,648 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $810,545 |
| Pension plan accruals and contributions | $28,636 |
| Other employee benefits | $87,601 |
| Payroll taxes | $76,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,193 |
| Fees for services: Accounting | $31,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $481,813 |
| Advertising and promotion | $0 |
| Office expenses | $97,602 |
| Information technology | $55,479 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $947 |
| 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 | $80,290 |
| Insurance | $13,887 |
| All other expenses | $0 |
| Total functional expenses | $2,205,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,973,936 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $184,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $516 |
| Prepaid expenses and deferred charges | $6,039 |
| 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 | $5,415,294 |
| Accounts payable and accrued expenses | $20,605 |
| Grants payable | $0 |
| Deferred revenue | $9,000 |
| 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 | $267,852 |
| Total liabilities | $297,457 |
| Net assets without donor restrictions | $4,233,990 |
| Net assets with donor restrictions | $883,847 |
| 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 | $5,415,294 |
Grants Awarded
Over the last fiscal year, Re Power Fund has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: WOMEN OF COLOR LEADERSHIP PROJECT | $125,000 |
San Francisco, CA PURPOSE: WOMEN OF COLOR LEADERSHIP PROJECT | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Re Power Fund has recieved totaling $2,340,550.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE DATA AND POWER PROGRAM TO PROVIDE CIVIC ENGAGEMENT AND POWER-BUILDING ORGANIZATIONS DATA AND TECHNOLOGY TOOLS, AND TO BUILD COHORTS OF DIVERSE DATA LEADERS WHO THEMSELVES REPRESENT THE COMMUNITIES MOST IMPACTED BY INEQUALITY | $500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $300,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $275,000 |
The Jpb Foundation New York, NY PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $250,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE PROGRESSIVE GOVERNANCE ACADEMY TO TRAIN THE NEXT GENERATION OF PROGRESSIVE ELECTED LEADERS | $250,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $177,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |