Power Changes Lives Inc
- Assets
- $165.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morris Plains, NJ
- Founding
- Data as of
- 12/2020
- EIN
- 83-1855848
Organization Overview
Power Changes Lives Inc, operating under the name Power Changes Lives, is located in Morris Plains, NJ. According to its NTEE Classification (T30) the organization is classified as: Public 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 Changes Lives 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 12/2020, Power Changes Lives generated $197.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $186.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
POWER'S (PEOPLE ORGANIZED WORKING EVOLVING REACHING) MISSION IS TO GIVE LOW-INCOME MINORITY AND UNDERSERVED COMMUNITIES THE CAPACITY TO BUILD AND THRIVE ELIMINATING DISPARITIES IN AGING EDUCATION FINANCE FOOD INSECURITY HEALTH HOUSING WELLNESS AND SOCIAL JUSTICE AND REFORM. OUR SIGNIFICANT ACTIVITIES INCLUDE: 1. SENIOR CONNECT: PROVIDING LIFE-SAVING TECHNOLOGY WITH PRE-PROGRAMMED KINDLE FIRE TABLETS TO SENIORS AGES 65+. THE TABLETS CONNECT TO TELEHEALTH PROVIDERS FOR CHRONIC DISEASE MANAGEMENT ORDERING GROCERIES ORDERING MEDICATIONS AND COMMUNITY FAMILY WELLNESS CHECKS. OVER 8,000 TABLETS DISTRIBUTED. 2. PROJECT F.E.E.D. (FRIENDS ENSURING EVERY DINNER): PROVIDING NUTRITIOUS USDA APPROVED FOOD BOXES TO THOSE FOOD INSECURE PRIMARILY IN LOW-INCOME MINORITY AND UNDERSERVED COMMUNITIES. ANNUALLY OVER 9,000 FOOD BOXES HAVE BEEN DISTRIBUTED THROUGH POP-UP LOCATIONS AND DRIVE-THRUS IN RESPONSE TO COVID-19 AND KEEPING OUR VOLUNTEERS AND STAFF SAFE WHILE ASSISTING THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
PROVIDES FREE INSTRUMENTS WITH VIRTUAL MUSIC INSTRUCTION TO LOW-INCOME MINORITY AND UNDERSERVED K-12 STUDENTS THROUGHOUT THE UNITED STATES.
PROVIDING FREE MEALS TO THOSE FOOD INSECURE; DRIVE-THRU FOOD BOX DISTRIBUTION FOOD TRUCK RENTAL AND SELLING OF MEALS TO GENERAL PUBLIC AT COST.
GENERAL FUNDRAISING FUND FOR NON-PROGRAM SPECIFIC DONATIONS THROUGHOUT THE YEAR.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,850 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $197,850 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $15,463 |
| Printing, publications, postage, and shipping | $900 |
| Other expenses | $0 |
| Total expenses | $186,363 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,487 |
| Other assets | $0 |
| Total assets | $165,074 |
| Total liabilities | $153,587 |
| Net assets or fund balances | $11,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Power Changes Lives Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Frank & Lydia Bergman Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |