State Power Fund
- Assets
- $2.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Youngstown, OH
- Founding
- Data as of
- 12/2021
- EIN
- 85-3982823
Organization Overview
State Power Fund is located in Youngstown, OH. As of 12/2021, State Power Fund employed 7 individuals. State Power Fund 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO SUPPORTING INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS TO BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY FUNDING NONPROFIT ORGANIZATIONS TO ACCOMPLISH NEEDED CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATE WITH INDIVIDUALS AND INSTITUTIONS TO PROVIDE FISCAL SPONSORSHIP AND PROJECT HOSTING SUPPORT THAT ENABLES THEM TO REACH THEIR PHILANTHROPIC GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doran Schrantz Board Chair | OfficerTrustee | 5 | $0 |
Damareo Cooper Treasurer | OfficerTrustee | 5 | $0 |
Andrea Mercado Board Member | Trustee | 5 | $0 |
Kirk Noden Board Member | Trustee | 5 | $0 |
Tram Nguyen Board Member | Trustee | 5 | $0 |
Nse Ufot Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lake Research Partners Consulting | 12/30/21 | $284,138 |
Aso Communications Consulting | 12/30/21 | $155,000 |
View All Vendors
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 | $4,190,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,190,542 |
| 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 | $4,190,542 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,963 |
| Payroll taxes | $36,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $995,981 |
| Advertising and promotion | $25,583 |
| Office expenses | $22,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $522 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140 |
| Insurance | $1,824 |
| All other expenses | $0 |
| Total functional expenses | $1,530,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,669,868 |
| 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 | $2,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,672,531 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $12,388 |
| 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 | $12,388 |
| Net assets without donor restrictions | $276,143 |
| Net assets with donor restrictions | $2,384,000 |
| 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 | $2,672,531 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that State Power Fund has recieved totaling $100,600.
| Awarding Organization | Amount |
|---|---|
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $50,600 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $50,000 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Partnership To End Addiction New York, NY | $61,675,636 | $16,194,669 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |