Power Foundation Inc
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $4.9m
- Employees
- 0
- Location
- Meridian, ID
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 46-4327757
Organization Overview
Power Foundation Inc is located in Meridian, ID. The organization was established in 2015. 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. Power 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.
For the year ending 12/2021, Power Foundation Inc generated $1.1m in total revenue. All expenses for the organization totaled $182.7k during the year ending 12/2021. While expenses have increased by 22.1% per year over the past 5 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.
Since 2018, Power Foundation Inc has awarded 238 individual grants totaling $882,696. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Kemp Treasurer | 1 | $0 | |
Gerard Murray Director | 1 | $0 | |
Greg Reed Director | 1 | $0 | |
James Haynes VP & Chairman | 1 | $0 | |
John Kumm President | 1 | $0 | |
Kacey Mcewan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,529 |
| Capital Gain Net Income | $20,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,117,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,515 |
| Total operating and administrative expenses | $56,965 |
| Contributions, gifts, grants paid | $125,700 |
| Total expenses and disbursements | $182,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,230 |
| 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 | $1,393,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,015,113 |
| 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, Power Foundation Inc has awarded $125,700 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Boise, ID PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $37,500 |
YOUNG MENS CHRISTIAN ASSN OF BOISE (YMCA) PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $20,000 |
Moscow, ID PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $17,500 |
SAN DIEGO UNIFIED SCHOOL DISTRICT PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $5,250 |
AMERICAN SOCIETY OF CIVIL & STRUCTURAL ENGINEERS SAN DIEGO SECTION PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $5,000 |
Charlotte, NC PURPOSE: CHARITABLE AND/OR EDUCATIONAL PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |