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Nonprofiteer
← GIVEPOWER FOUNDATION

Form 990 for tax year 2023

Filed by GIVEPOWER FOUNDATION.

Totals

Total revenue
$8,763,600
Total expenses
$8,443,351
Contributions and grants received
$8,905,518
Grants paid
$0
Program service revenue
$596,258
Investment income
-$738,176
Other revenue
$0
Total assets, end of year
$13,713,724
Total liabilities, end of year
$950,070
Net assets or fund balances, end of year
$12,763,654
Program services expenses (Part IX)
$6,285,117
Management and general expenses
$1,318,725
Fundraising expenses
$839,509
Program service expenses (Part III)
$6,285,117

Program services were 74.4% 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.

  • 1f · All other contributions, gifts and grants

    $8,905,518

  • 1g · Noncash contributions included above

    $215,468

  • 2a · Program service revenue: SOLAR PROGRAM REVENUES

    total $596,258 · related or exempt $596,258

  • 3 · Investment income

    total $90,996 · excluded $90,996

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

    other assets $829,172

  • 7c · Gain or loss

    other assets -$829,172

  • 7d · Net gain or loss

    total -$829,172 · related or exempt -$829,172

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $683,901 · program services $681,907 · management and general $1,231 · fundraising $763

  • 9 · Other employee benefits

    total $45,983 · program services $45,849 · management and general $83 · fundraising $51

  • 10 · Payroll taxes

    total $61,912 · program services $61,731 · management and general $112 · fundraising $69

  • 11b · Fees: legal

    total $45,768 · management and general $45,768

  • 11c · Fees: accounting

    total $171,045 · management and general $171,045

  • 11g · Fees: other

    total $3,907,795 · program services $2,172,433 · management and general $932,076 · fundraising $803,286

  • 12 · Advertising and promotion

    total $10,460 · program services $234 · management and general $325 · fundraising $9,901

  • 13 · Office expenses

    total $175,217 · program services $101,113 · management and general $72,598 · fundraising $1,506

  • 16 · Occupancy

    total $268,339 · program services $268,339

  • 17 · Travel

    total $766,104 · program services $657,345 · management and general $84,826 · fundraising $23,933

  • 22 · Depreciation, depletion and amortization

    total $247,002 · program services $247,002

  • 23 · Insurance

    total $42,701 · program services $32,040 · management and general $10,661

  • 24a · Other expenses: PROJECT COSTS & MATERIALS

    total $2,017,124 · program services $2,017,124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,019,054 · end of year $2,765,395

  • 2 · Savings and temporary cash investments

    beginning of year $2,919,408 · end of year $3,079,025

  • 3 · Pledges and grants receivable

    beginning of year $1,836,728 · end of year $600,029

  • 4 · Accounts receivable

    beginning of year $1,670 · end of year $2,575

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,744 · end of year $180,826

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

    $7,322,034

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

    $447,045

  • 10c · Land, buildings and equipment, net

    beginning of year $5,511,090 · end of year $6,874,989

  • 15 · Other assets

    beginning of year $240,351 · end of year $210,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $443,962 · end of year $749,139

  • 19 · Deferred revenue

    beginning of year $526,670

  • 25 · Other liabilities

    beginning of year $229,008 · end of year $200,931

  • 27 · Net assets without donor restrictions

    beginning of year $8,430,980 · end of year $9,508,180

  • 28 · Net assets with donor restrictions

    beginning of year $4,012,425 · end of year $3,255,474

Mission and programs · 2023

Mission

GIVEPOWER FOUNDATION PROVIDES CLEAN ENERGY ACROSS THE GLOBE TO UNDERSERVED COMMUNITIES INCLUDING COLOMBIA, EAST AFRICA, HAITI, NEPAL AND THE PHILIPPINES. IT IS DEDICATED TO IMPROVING THE CURRENT AND FUTURE LIVING CONDITIONS WORLDWIDE BY TRANSFORMING THE WAY WE PRODUCE AND USE ENERGY.

Activities or mission (Part I)

TO ELECTRIFY THE WORLD WITH CLEAN ENERGY, AND PROVIDE GREATER HEALTH, ECONOMIC AND EDUCATIONAL OPPORTUNITIES TO DEVELOPING REGIONS THAT NEED IT MOST. WE VALUE COMMUNITY/VISION/IMPACT

  • GIVEPOWER FOUNDATION (GPF) PROVIDES SOLAR ENERGY MICROGRIDS, GROUP SERVICE TRIPS, AND WATER FILTRATION (SOLAR WATER FARMS) IN MANY COUNTRIES THROUGHOUT THE DEVELOPING WORLD. GPF COMPLETED 28 VOLUNTEER TREKS WITH 265 VOLUNTEERS TO IMPLEMENT SOLAR INSTALLATIONS PROVIDING ENERGY ACCESS TO RURAL COMMUNITIES. GIVEPOWER DEPLOYED THREE NEW SOLAR WATER FARMS TO KENYA AND AN ADDITIONAL 14 SOLAR IMPACT PROJECTS.

    Expenses $6,285,117 · Revenue $596,258

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hayes Barnard

    CHAIRMAN/CEO

    Total calculated
    $0
    Hours/week
    2

  • Isaac Pritzker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lyndon Rive

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Rive

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CANNONBALL COMMUNITY SOLAR FARM LLC

    SOLAR · TX · income $3,127 · assets $314,852

    Directly controlled by GBF

  • GIVEWATER LIMITED

    WATER · KE · income $567,165 · assets $3,940,386

    Directly controlled by GBF

  • GIVEPOWER COLOMBIA

    SOLAR · CO · income $20,872 · assets $351,666

    Directly controlled by GBF

  • DLO POU LAVI SA

    WATER · HA · income $310,681 · assets $654,190

    Directly controlled by GBF

  • GIVEPOWER KENYA

    WATER · KE · income $383,758 · assets $18,540

    Directly controlled by GBF

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.0
Source object
202422769349300727

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