Skip to content
Nonprofiteer
← POWER FORWARD COMMUNITIES INC

Form 990 for tax year 2024

Filed by POWER FORWARD COMMUNITIES INC.

Totals

Total revenue
$9,484,569
Total expenses
$9,484,569
Contributions and grants received
$9,484,569
Grants paid
$5,491,887
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,009,871,590
Total liabilities, end of year
$2,009,871,590
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$8,743,244
Management and general expenses
$741,325
Fundraising expenses
$0
Program service expenses (Part III)
$8,743,244

Program services were 92.2% 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)

    $9,484,569

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,491,887 · program services $5,491,887

  • 5 · Compensation of officers, directors and key employees

    total $516,062 · program services $472,713 · management and general $43,349

  • 7 · Other salaries and wages

    total $210,756 · program services $193,052 · management and general $17,704

  • 8 · Pension plan contributions

    total $2,717 · program services $2,489 · management and general $228

  • 9 · Other employee benefits

    total $91,830 · program services $84,116 · management and general $7,714

  • 10 · Payroll taxes

    total $122,431 · program services $111,233 · management and general $11,198

  • 11b · Fees: legal

    total $305,070 · program services $305,070

  • 11g · Fees: other

    total $2,190,930 · program services $1,578,006 · management and general $612,924

  • 12 · Advertising and promotion

    total $62,980 · program services $62,980

  • 13 · Office expenses

    total $36 · program services $32 · management and general $4

  • 14 · Information technology

    total $8,714 · program services $8,156 · management and general $558

  • 17 · Travel

    total $11,323 · program services $10,660 · management and general $663

  • 23 · Insurance

    total $159,333 · program services $143,400 · management and general $15,933

  • 24a · Other expenses: RECRUITING EXPENSE

    total $310,500 · program services $279,450 · management and general $31,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100

  • 2 · Savings and temporary cash investments

    end of year $2,009,366,923

  • 9 · Prepaid expenses and deferred charges

    end of year $504,667

  • 17 · Accounts payable and accrued expenses

    end of year $3,833,349

  • 18 · Grants payable

    end of year $5,491,887

  • 19 · Deferred revenue

    end of year $2,000,546,354

  • 27 · Net assets without donor restrictions

    beginning of year $100 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O.

  • DISTRIBUTING GREENHOUSE GAS REDUCTION FUND NATIONAL CLEAN INVESTMENT FUND GRANT TO EXPAND AND PRESERVE AFFORDABLE HOUSING, REDUCE UTILITY BILLS, IMPROVE COMMUNITY HEALTH AND SAFETY, AND CREATE WELL-PAYING JOBS.

    Expenses $8,743,244 · Grants $5,491,887

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

Listed in Part VII

  • TIMOTHY MAYOPOULOS

    PRESIDENT, CEO & DIRECTOR A/O 7/24

    Total calculated
    $212,438
    From this org
    $206,250
    From related orgs
    $0
    Other
    $6,188
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $137,500
    Bonus
    $68,750
    Other
    $0
    Deferred
    $6,188
    Nontaxable benefits
    $0
    Filer's total
    $212,438

  • SHAUN DONOVAN

    DIRECTOR, CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ARI MATUSIAK

    DIRECTOR, CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS CALDWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER LASKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL PUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN RECKFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONYA ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCENT ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ISMAEL GUERRERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNN JURICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OJ SEMANS SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY SWEARENGIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA WOODARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM JENKINS

    SVP AND COO A/O 5/24

    Total calculated
    $303,624
    From this org
    $279,382
    From related orgs
    $0
    Other
    $24,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,067
    Bonus
    $0
    Other
    $315
    Deferred
    $7,438
    Nontaxable benefits
    $16,804
    Filer's total
    $303,624

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5
TIMOTHY MAYOPOULOS, CEO AND WILLIAM JENKINS, COO, WERE COMPENSATED BY ENTERPRISE COMMUNITY PARTNERS, INC. (ECP), AN UNRELATED ORGANIZATION. THE COMPENSATION WAS FOR SALARY AND BENEFITS. TIMOTHY MAYOPOULOS WAS COMPENSATED $212,438 PURSUANT TO A SECONDMENT AGREEMENT. POWER FORWARD COMMUNITIES REIMBURSED ENTERPRISE COMMUNITY PARTNERS FOR THIS COST. WILLIAM JENKINS, COO, WAS COMPENSATED $303,624 PURSUANT TO A SECONDMENT AGREEMENT. POWER FORWARD COMMUNITIES REIMBURSED ENTERPRISE COMMUNITY PARTNERS FOR THIS COST.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543179349307309

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.