Power Forward Inc
- Assets
- $211.9k
- Revenue
- $293.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Marshfield, MA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4404034
Organization Overview
Power Forward Inc is located in Marshfield, MA. The organization was established in 2018. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Forward 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 12/2023, Power Forward Inc generated $293.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $114.3k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
END THE STIGMA OF SUBSTANCE ABUSE BY DEVELOPING PROGRAMS THAT PROVIDE HIGH-RISK COMMUNITIES WITH IMPACTFUL MESSAGES OF PREVENTION, EDUCATION AND RECOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 WE WERE ABLE TO SPEND APPROXIMATELY $50,000 ON OUR SOBER LIVING SCHOLARSHIPS, SUPPORTED APPROXIMATELY 30 PEOPLE AND APPROXIMATELY 200 WEEKS OF SUPPORT. IN ADDITION, WE BEGAN A PROGRAM TO EXPAND THE NUMBER AND GEOGRAPHIC LOCATIONS OF OUR SOBER LIVING HOME PARTNERS. TWO TIME NHL STANLEY CUP CHAMPION AND A PERSON IN RECOVERY, KEVIN STEVENS, CONTINUED TO SHARE HIS PERSONAL JOURNEY OF HOPE AND REDEMPTION, AFTER A DEVASTATING ON-ICE INJURY LEFT HIM WITH A 25 YEAR ADDICTION TO OPIOIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Wilson President | OfficerTrustee | 5 | $0 |
Gina Donahue Treasurer | OfficerTrustee | 5 | $0 |
Donald Wilson Clerk | OfficerTrustee | 5 | $0 |
Frank White Director | Trustee | 5 | $0 |
Maureen Crowley Heil Director | Trustee | 5 | $0 |
Michael Hamrock MD Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,723 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,015 |
| Total Program Service Revenue | $0 |
| 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 | -$35,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,645 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,126 |
| Advertising and promotion | $1,261 |
| Office expenses | $3,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $429 |
| Travel | $8,173 |
| 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 | $755 |
| Insurance | $1,978 |
| All other expenses | $285 |
| Total functional expenses | $114,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,723 |
| 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 | $2,583 |
| Net Land, buildings, and equipment | $7,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,851 |
| Accounts payable and accrued expenses | $2,682 |
| 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 | $2,682 |
| Net assets without donor restrictions | $199,169 |
| Net assets with donor restrictions | $10,000 |
| 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 | $211,851 |
Grants Awarded
Over the last fiscal year, Power Forward Inc has awarded $46,515 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THERE IS A SOLUTION PURPOSE: SOBER LIVING HOME SCHOLARSHIP | $40,815 |
HOPE BEYOND HOPE PURPOSE: SOBER LIVING HOME SCHOLARSHIP | $5,700 |