Poverty Alleviation Fund Inc
- Assets
- $164.0k
- Revenue
- $219.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 02/2020
- Data as of
- 12/2019
- EIN
- 84-2962609
Organization Overview
Poverty Alleviation Fund Inc is located in Dover, DE. The organization was established in 2020. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Poverty Alleviation Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLEVIATE POVERTY THROUGH THE PROVISION OF EDUCATION, SKILLS TRAINING, & HUMANITARIAN ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACCOMPLISH ITS EDUCATIONAL AND CHARITABLE PURPOSES, TPAF INTENDS TO FOCUS ON GRANTMAKING TO OTHER TAX EXEMPT ORGANIZATIONS WHICH OPERATE PROGRAMS HELPING DISADVANTAGED OR UNDERSERVED MINORITIES WHO ARE VETERANS RETURNING FROM ACTIVE DUTY IN ONE OF THE BRANCHES OF MILITARY SERVICE. TPAF WILL BE INVOLVED WITH PROGRAMS THAT ASSIST VETERANS WITH FURTHER EDUCATION, SKILLS TRAINING, CREDIT, AND NEEDED SUPPORTING TECHNICAL AND SOCIAL SERVICES THAT WILL ENABLE THEM TO SECURE EMPLOYMENT IN PRODUCTIVE AND PROFITABLE FARMING AND OTHER ALLIED AGRICULTURAL INDUSTRIES AND OCCUPATIONS IN THE MISSISSIPPI DELTA AREAS OF ARKANSAS, MISSISSIPPI, AND EASTERN TENNESSEE. THIS WILL BE EXPANDED AS FUNDING BECOMES AVAILABLE, TO PROVIDE SUPPORT FOR OTHER MILITARY VETERANS WHO ARE DISADVANTAGED OR UNDERSERVED MINORITIES, WHETHER JUST RETURNING FROM ACTIVE DUTY OR NOT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur N Holcombe President | OfficerTrustee | 6 | $0 |
Edward E Wendell Treasurer | OfficerTrustee | 1 | $0 |
William Macarthur Vice President | OfficerTrustee | 1 | $0 |
Barry L Colley Vice President | OfficerTrustee | 1 | $0 |
Susan H Holcombe Secretary | OfficerTrustee | 1 | $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 | $219,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,674 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,026 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,955 |
| Fees for services: Accounting | $600 |
| 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 | $66 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $55,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,027 |
| 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 | $3,000 |
| 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 | $164,027 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $164,027 |
| 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 | $164,027 |
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