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Nonprofiteer
← STATE POWER FUND

Form 990 for tax year 2023

Filed by STATE POWER FUND.

Totals

Total revenue
$6,093,099
Total expenses
$6,897,039
Contributions and grants received
$5,876,944
Grants paid
$793,333
Program service revenue
$216,155
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,020,037
Total liabilities, end of year
$2,274,395
Net assets or fund balances, end of year
$8,745,642
Program services expenses (Part IX)
$6,476,627
Management and general expenses
$420,412
Fundraising expenses
$0
Program service expenses (Part III)
$6,476,627

Program services were 93.9% 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

    $5,876,944

  • 2a · Program service revenue: PROGRAM INCOME

    total $120,635 · related or exempt $120,635

  • 2b · Program service revenue: FISCAL FEE INCOME

    total $95,520 · related or exempt $95,520

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $793,333 · program services $793,333

  • 5 · Compensation of officers, directors and key employees

    total $33,408 · program services $16,704 · management and general $16,704

  • 7 · Other salaries and wages

    total $2,191,770 · program services $2,100,975 · management and general $90,795

  • 9 · Other employee benefits

    total $211,741 · program services $199,787 · management and general $11,954

  • 10 · Payroll taxes

    total $186,836 · program services $177,321 · management and general $9,515

  • 11c · Fees: accounting

    total $22,700 · management and general $22,700

  • 11g · Fees: other

    total $2,034,938 · program services $1,903,282 · management and general $131,656

  • 12 · Advertising and promotion

    total $12,989 · program services $11,690 · management and general $1,299

  • 13 · Office expenses

    total $137,852 · program services $131,827 · management and general $6,025

  • 16 · Occupancy

    total $23,374 · program services $21,037 · management and general $2,337

  • 17 · Travel

    total $95,448 · program services $85,903 · management and general $9,545

  • 19 · Conferences, conventions and meetings

    total $6,757 · program services $6,081 · management and general $676

  • 22 · Depreciation, depletion and amortization

    total $561 · program services $505 · management and general $56

  • 23 · Insurance

    total $4,706 · management and general $4,706

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,111,858 · program services $1,000,672 · management and general $111,186

  • 24b · Other expenses: DUES

    total $28,768 · program services $27,510 · management and general $1,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,252,868 · end of year $7,542,940

  • 3 · Pledges and grants receivable

    beginning of year $25,000 · end of year $3,475,556

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

    $2,803

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

    $1,262

  • 10c · Land, buildings and equipment, net

    beginning of year $2,102 · end of year $1,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,283 · end of year $361,517

  • 21 · Escrow or custodial account liability

    beginning of year $675,235 · end of year $1,853,004

  • 25 · Other liabilities

    beginning of year $35,921 · end of year $59,874

  • 27 · Net assets without donor restrictions

    beginning of year $2,022,531 · end of year $8,745,642

  • 28 · Net assets with donor restrictions

    beginning of year $4,545,000 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION IS DEDICATED TO SUPPORTING INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS TO BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY FUNDING NONPROFIT ORGANIZATIONS TO ACCOMPLISH NEEDED CHANGE.

  • COLLABORATE WITH INDIVIDUALS AND INSTITUTIONS TO PROVIDE FISCAL SPONSORSHIP AND PROJECT HOSTING SUPPORT THAT ENABLES THEM TO REACH THEIR PHILANTHROPIC GOALS.

    Expenses $6,476,627 · Grants $793,333 · Revenue $216,155

As filed on the 2023 return.

Listed in Part VII

  • Doran Schrantz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Andrea Mercado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Damareo Cooper

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kirk Noden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tram Nguyen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nseabasi Ufot Thru 92023

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $28,600
    From this org
    $28,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alex Gomez As Of 22023

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Javier Morillo Thru 22023

    EXECUTIVE DIRECTOR

    Total calculated
    $4,808
    From this org
    $4,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349306697

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

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