Powerquest Worldwide Ltd
- Assets
- $111.1k
- Revenue
- $332.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Boone, NC
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-4773685
Organization Overview
Powerquest Worldwide Ltd is located in Boone, NC. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Powerquest Worldwide Ltd 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, Powerquest Worldwide Ltd generated $332.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $335.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPECIALIZES IN THE DESIGN AND INSTALLATION OF MEDICAL RADIOLOGY SYTEMS, MEDICAL STEAM STERILIZERS, PIPED MEDICAL GAS SYSTEMS, AND ELECTRICAL SERVICES INCLUDING DIESEL GENERATOR AND BATTERY BACKUP SYSTEMS AND SOLAR SYSTEMS, FOR MEDICAL FACILITIES IN UNDERSERVED AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021 THE ORGANIZATION HANDLED PROJECTS IN SEVERAL DIFFERENT COUNTRIES, INCLUDING: (1) TENWEK HOSPITAL, TENWEK, KENYA - INSTALLED AND COMMISSIONED DIGITAL X-RAY IMAGING EQUIPMENT IN 2 X-RAY ROOMS, PROJECT COMPLETED IN MAY 2021; (2) TENWEK HOSPITAL, TENWEK, KENYA - POWER QUALITY STUDY OF TENWEK HOSPITAL FACILITY AND EVALUATION OF THE HYDRO ELECTRIC POWER PLANTS, PROJECT COMPLETED DECEMBER 2021;(3) HOSPITAL DE GUINE BOR II, NDJAMENA, CHAD - REPAIRED A BATTARAY PORTABLE X-RAY UNIT, EVALUATED AND FIXED SIX SOLAR SYSTEMS, PROJECT COMPLETED SEPTEMBER 2021; (4) MARTYRS HOSPITAL, IBANDA, UGANDA - INSTALLATION AND COMMISSIONING OF THE FOLLOWING EQUIPMENT: 200 AMP UTILIITY DISCCONNECT SWITCH, 60 KW CATERPILLAR DIESEL GENERATOR SET, 200 AMP ASCO AUTOMATIC TRANSFER SWITCH, 75 KW SUPERIOR REGULATING TRANSFORMER, TWO 7 KW INVERTER SYSTEMS, AND 8 KW OF CANADIAN SOLAR PV PANELS, PROJECT COMPLETED OCTOBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Wright President | OfficerTrustee | 40 | $85,000 |
Ken Thomas Chairman | Trustee | 0.25 | $0 |
Roger King Board Member | Trustee | 0.25 | $0 |
Steve Shackelford Board Member | Trustee | 0.25 | $0 |
John R Lonas Secretary | Trustee | 0.25 | $0 |
Brent Wright Treasurer | Trustee | 0.25 | $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 | $91,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,320 |
| Total Program Service Revenue | $229,137 |
| Investment income | $11 |
| 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 | $332,503 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $8,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $794 |
| Information technology | $5,397 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,825 |
| 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 | $898 |
| Insurance | $2,500 |
| All other expenses | $212,224 |
| Total functional expenses | $335,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,270 |
| 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 | $300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $111,070 |
| Accounts payable and accrued expenses | $389 |
| 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 | $389 |
| Net assets without donor restrictions | $110,681 |
| 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 | $111,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Powerquest Worldwide Ltd has recieved totaling $36.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
Hollingsworth Funds Inc Greenville, SC | $393,513,843 | $12,387,637 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |