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Nonprofiteer
← POWER OF THE PURSE INC

Form 990 for tax year 2022

Filed by POWER OF THE PURSE INC.

Totals

Total revenue
$107,199
Total expenses
$153,679
Contributions and grants received
$24,151
Grants paid
$131,394
Program service revenue
$17,745
Investment income
$65,303
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$153,679
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$153,679

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $24,151

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $17,745 · related or exempt $17,745 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $271,000

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $205,697

  • 7c · Gain or loss

    securities $0 · other assets $65,303

  • 7d · Net gain or loss

    total $65,303 · related or exempt $65,303 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,394 · program services $131,394

  • 11c · Fees: accounting

    total $325 · program services $325

  • 13 · Office expenses

    total $10 · program services $10

  • 16 · Occupancy

    total $5,332 · program services $5,332

  • 20 · Interest

    total $5,523 · program services $5,523

  • 22 · Depreciation, depletion and amortization

    total $7,342 · program services $7,342

  • 23 · Insurance

    total $3,753 · program services $3,753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,220 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $213,039 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $186,779 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $46,480 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO SUPPORT AND FUND PROJECTS AND PROGRAMS THAT BENEFIT WOMEN AND CHILDREN IN THE MINOT, NORTH DAKOTA AND SURROUNDING AREAS.

  • PROVIDE FACILITIES AND SUPPORT FOR A WOMEN'S SOBER LIVING HOME TO ASSIST WOMEN IN ADDICTION RECOVERY WITH THE TRANSITION TO THEIR NEW LIVES.

    Expenses $46,436 · Grants $24,151 · Revenue $17,745

  • GRANT MAKING TO ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE FOR WOMEN AND CHILDREN IN THE MINOT, NORTH DAKOTA AREA

    Expenses $107,243 · Grants $107,243

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ASHLEE DESCHAMP

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LACEY STEVICK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHELSEA KIRKHAMMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN BOEN

    TREASURER

    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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • MINOT COMMUNITY FOUNDATION

    $107,243

    Disposition · RESIDUAL CASH BALANCE AFTER SALE OF FIXED ASSETS AND PAYOFF OF LONG-TERM DEBT. · Nov 23, 2022 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202311249349302296

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