Powermark Corporation is located in Port St Lucie, FL. The organization was established in 1999. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powermark Corporation 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 06/2022, Powermark Corporation generated $50.0k 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 (5.6%) each year. All expenses for the organization totaled $45.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
MANAGING THE US PARTICIPATION IN THE DEVELOPMENT OF INTERNATIONAL STANDARDS FOR PHOTOVOLTAICS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Wohlgemuth Executive Director | 10 | $0 | |
Paul Bender Chairman Of Board | 0.25 | $0 | |
Jon Previtali Treasurer | 0.25 | $0 | |
Sumanth Lokanath Secretary | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $49,956 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $6 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $49,962 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $44,171 |
Professional fees and other payments to independent contractors | $1,050 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $45,221 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $63,856 |
Other assets | $0 |
Total assets | $63,856 |
Total liabilities | $0 |
Net assets or fund balances | $63,856 |
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