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Nonprofiteer
← WATTS OF POWER FOUNDATION CORP

Form 990 for tax year 2023

Filed by WATTS OF POWER FOUNDATION CORP.

Totals

Total revenue
$639,895
Total expenses
$728,046
Contributions and grants received
$163,527
Grants paid
$0
Program service revenue
$476,368
Investment income
$0
Other revenue
$0
Total assets, end of year
$258,182
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$258,182
Program services expenses (Part IX)
$479,377
Management and general expenses
$248,669
Fundraising expenses
$0
Program service expenses (Part III)
$479,377

Program services were 65.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $163,527

  • 2a · Program service revenue: Program Revenue

    total $476,368 · related or exempt $476,368

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,962 · management and general $100,962

  • 7 · Other salaries and wages

    total $141,025 · management and general $141,025

  • 11b · Fees: legal

    total $171,017 · program services $171,017

  • 12 · Advertising and promotion

    total $17,099 · program services $17,099

  • 13 · Office expenses

    total $16,837 · program services $16,837

  • 17 · Travel

    total $18,598 · program services $18,598

  • 19 · Conferences, conventions and meetings

    total $6,629 · management and general $6,629

  • 23 · Insurance

    total $52,905 · program services $52,905

  • 24a · Other expenses: Program Service Expense

    total $385 · program services $385

  • 24b · Other expenses: Outside Servives

    total $135,607 · program services $135,607

  • 24c · Other expenses: BUSINESS LICENSE

    total $53 · management and general $53

  • 24e · All other expenses

    total $66,929 · program services $66,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,068 · end of year $200,186

  • 11 · Investments: publicly traded securities

    beginning of year $13,265 · end of year $57,996

  • 31 · Retained earnings, endowment or other funds

    beginning of year $346,333 · end of year $258,182

Mission and programs · 2023

Mission

TO CREATE A PIPELINE OF BLACK MALE TEACHERS, BY ADDRESSING THE GAPS IN THE RECRUITMENT AND RENTENTION TO HELP THEM SUCCESSFULLY NAGIGATE AND COMPLETE THE PRE-SERVIE PATHWAY TO BECOME FULLY CREDENTIALED TEACHER

  • All planned community prorams completed. Numerous homeless helped through cordination with other organizations. Educational attendance increased signifcantly from past years.

    Expenses $479,377 · Revenue $639,895

As filed on the 2023 return.

Listed in Part VII

  • Peter Watts

    EXECUTIVE DIRECTOR

    Total calculated
    $100,962
    From this org
    $100,962
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Nicole Scott

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Eldora Smith Baker

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Demar Matthews

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Stephanie Lam

    MEMEBER

    Total calculated
    $0
    Hours/week
    0

  • Didi Watts

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Chris Broussard

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Nina Milligan

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Juan Nunez

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0

  • EDITH bRASWELL GRANT

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Asmara Ogbai

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202432779349301133

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