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Nonprofiteer
← POWER 52 INC

Form 990 for tax year 2024

Filed by POWER 52 INC.

Totals

Total revenue
$1,026,257
Total expenses
$682,204
Contributions and grants received
$965,922
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$60,335
Total assets, end of year
$523,935
Total liabilities, end of year
$70,545
Net assets or fund balances, end of year
$453,390
Program services expenses (Part IX)
$488,104
Management and general expenses
$167,622
Fundraising expenses
$26,478
Program service expenses (Part III)
$488,104

Program services were 71.5% 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)

    $506,771

  • 1f · All other contributions, gifts and grants

    $459,151

  • 8a · Fundraising events: gross income

    $63,280

  • 8b · Fundraising events: direct expenses

    $2,945

  • 8c · Net income from fundraising events

    total $60,335

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,325 · program services $48,774 · management and general $51,551

  • 7 · Other salaries and wages

    total $263,656 · program services $243,898 · management and general $19,758

  • 9 · Other employee benefits

    total $24,466 · program services $12,233 · management and general $12,233

  • 10 · Payroll taxes

    total $28,524 · program services $23,002 · management and general $5,522

  • 11a · Fees: management

    total $15,000 · management and general $15,000

  • 11b · Fees: legal

    total $1,895 · management and general $1,895

  • 11c · Fees: accounting

    total $14,090 · management and general $14,090

  • 11g · Fees: other

    total $25,678 · program services $3,562 · management and general $18,516 · fundraising $3,600

  • 12 · Advertising and promotion

    total $35,860 · program services $13,675 · fundraising $22,185

  • 13 · Office expenses

    total $28,876 · program services $24,128 · management and general $4,699 · fundraising $49

  • 14 · Information technology

    total $8,035 · program services $6,681 · management and general $1,354

  • 16 · Occupancy

    total $31,514 · program services $20,169 · management and general $11,345

  • 17 · Travel

    total $9,655 · program services $9,655

  • 19 · Conferences, conventions and meetings

    total $730 · program services $730

  • 20 · Interest

    total $3,823 · management and general $3,823

  • 23 · Insurance

    total $6,788 · program services $3,242 · management and general $3,202 · fundraising $344

  • 24a · Other expenses: EDUCATION SUPPLIES

    total $33,247 · program services $32,099 · management and general $848 · fundraising $300

  • 24b · Other expenses: EDUCATION TRAINING

    total $29,917 · program services $29,917

  • 24c · Other expenses: STIPEND

    total $10,168 · program services $10,168

  • 24d · Other expenses: CERTIFICATIONS

    total $4,860 · program services $4,860

  • 24e · All other expenses

    total $5,097 · program services $1,311 · management and general $3,786

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,651 · end of year $356,833

  • 2 · Savings and temporary cash investments

    end of year $2,010

  • 4 · Accounts receivable

    end of year $116,965

  • 15 · Other assets

    beginning of year $8,263 · end of year $48,127

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,797 · end of year $7,646

  • 25 · Other liabilities

    beginning of year $8,470 · end of year $62,899

  • 27 · Net assets without donor restrictions

    beginning of year $107,647 · end of year $88,836

  • 28 · Net assets with donor restrictions

    end of year $364,554

Mission and programs · 2024

Mission

POWER52 PROVIDES EMPLOYMENT TRAINING FOR AT RISK ADULTS RETURNING CITIZENS AND UNDERSERVED INDIVIDUALS LIVING IN BALTIMORE CITY AND SURROUNDING COUNTIES THAT PREPARES PARTICIPANTS FOR CAREERS IN THE SOLAR INDUSTRY AS WELL AS OTHER GREEN JOB OPPORTUNITIES.

Activities or mission (Part I)

POWER52 PROVIDES EMPLOYMENT TRAINING FOR AT RISK ADULTS RETURNING CITIZENS AND UNDERSERVED INDIVIDUALS LIVING IN BALTIMORE CITY AND SURROUNDING COUNTIES.

  • EMPLOYMENT TRAINING: POWER52 PROVIDES FOR AT RISK ADULTS RETURNING CITIZENS AND UNDERSERVED INDIVIDUALS LIVING IN BALTIMORE CITY AND SURROUNDING COUNTIES THAT PREPARES PARTICIPANTS FOR CAREERS IN THE SOLAR INDUSTRY AS WELL AS OTHER GREEN JOB OPPORTUNITIES.

    Expenses $488,104

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cherie Brooks

    PRESIDENT/CE

    Total calculated
    $100,325
    From this org
    $100,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Barbara Ebel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eric King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ray Lewis

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    1
  • Walter Barnes III

    CHAIRMAN OF

    Total calculated
    $0
    Hours/week
    1
  • Antawan Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
14 May 2025
IRS schema version
2024v5.0
Source object
202511349349302576

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