1505 Thomas E Power Council FY2020 filing

Tax-deductible

Danvers, MA501(c)(8)Since 1948EIN 23-7206837

This page gets seen. Tell your story. Claim this org.

Provide Charitable Services for Catholic organizations.

501(c)(8) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(8)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $31K a year · 44% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
Spent
$42K
To programs
46%
Net assets
$566K
By yearFY2020–FY2025
Revenue
$46K
FY2020
Revenue by fiscal year
FY2020$46K
FY2021$80K
FY2022$78K
FY2023$17K
FY2024$102K
FY2025$103K
Expenses
$42K
FY2020
Expenses by fiscal year
FY2020$42K
FY2021$36K
FY2022$41K
FY2023$26K
FY2024$40K
FY2025$55K
Net assets
$566K
FY2020
Net assets by fiscal year
FY2020$566K
FY2021$651K
FY2022$577K
FY2023$623K
FY2024$699K
FY2025$823K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $20K Management & general 10% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Po Box 389 Danvers, Ma 01923
$0Pt VII · Sec A
14 Andrews Street Danvers, Ma 01923
$0Pt VII · Sec A
14 Arthur Street Danvers, Ma 01923
$0Pt VII · Sec A
21 Mohawk Street Danvers, Ma 01923
$0Pt VII · Sec A
7 Beaver Park Danvers, Ma 01923
$0Pt VII · Sec A
5 Burill Street Saugas, Ma 01906
$0Pt VII · Sec A
31 Pickering Street Danvers, Ma 01923
$0Pt VII · Sec A
26 Berry Street Danvers, Ma 01923
$0Pt VII · Sec A
See 1505 Thomas E Power Council executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Catholic organizations with charitable services.

Provided by the organization

This section is blank until 1505 Thomas E Power Council claims this page.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2020.
01

Provide Charitable Services for Catholic organizations.

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$46K
Ln 12
Gifts and grantsLn 1h$28K
Investment incomeLn 3$18K
Money outPt IX
$42K
Ln 25
Programscol B$20K
Managementcol C$4K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$574K
LiabilitiesLn 26$8K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Investment incomeLn 3$18K
Gains on assetsLn 7$11K
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$519K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$574K
LiabilitiesLn 26$8K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$40K$46K
InvestmentsLn 11–13$463K$519K
Land, buildings, equipmentLn 10c$10K$9K
Total assetsLn 16$512K$574K
LiabilitiesLn 26$8K$8K
Net assetsLn 32$504K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$0
Grants to domestic individualsLn 2$5K$0
Management feesLn 11a$625$0$625$0
Investment management feesLn 11f$2K$0$2K$0
OccupancyLn 16$18K$18K$0$0
Depreciation, depletion and amortizationLn 22$1K$0$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$1K$1K$0$0
Total functional expensesLn 25$42K$20K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $103K$55K$48K$823K 990 PDF
FY2024 $102K$40K$62K$699K 990 PDF
FY2023 $17K$26K−$9K$623K 990 PDF
FY2022 $78K$41K$37K$577K 990 PDF
FY2021 $80K$36K$45K$651K 990 PDF
FY2020 Viewing $46K$42K$3K$566K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $45,731 across 6 lines filed
VIII-1b Membership dues$3,295
VIII-1f All other contributions, gifts and grants$24,443
VIII-1h Total contributions, gifts and grants$27,738
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$6,804
VIII-7 Net gain or loss on sales of assetsRelated to mission $11,189 · Unrelated business $0 · Excluded from tax $0$11,189
VIII-12 Total revenueRelated to mission $17,993 · Unrelated business $0 · Excluded from tax $0$45,731
Part IX · Statement of functional expenses $42,258 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $0$12,300
IX-2 Grants to domestic individualsPrograms $0$4,880
IX-11a Management feesPrograms $0 · Management $625 · Fundraising $0$625
IX-11f Investment management feesPrograms $0 · Management $2,156 · Fundraising $0$2,156
IX-16 OccupancyPrograms $18,355 · Management $0 · Fundraising $0$18,355
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$1,148
IX-23 InsurancePrograms $0 · Management $1,591 · Fundraising $0$1,591
IX-24 Other expenses (24a–d)Programs $1,203 · Management $0 · Fundraising $0$1,203
IX-25 Total functional expensesPrograms $19,558 · Management $4,372 · Fundraising $0$42,258
Part X · Balance sheet $574,203 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $39,675$46,470
X-10c Land, buildings and equipment, netStart of year $10,306$9,158
X-13 Program-related investmentsStart of year $462,510$518,575
X-16 Total assetsStart of year $512,491$574,203
X-24 Unsecured notes and loans payableStart of year $8,400$8,400
X-26 Total liabilitiesStart of year $8,400$8,400
X-27 Net assets without donor restrictionsStart of year $504,091$565,803
X-32 Total net assets or fund balancesStart of year $504,091$565,803
X-33 Total liabilities and net assetsStart of year $512,491$574,203
Part XI · Reconciliation of net assets $565,803 net assets at year end
XI-1 Total revenue$45,731
XI-2 Total expenses$42,258
XI-3 Revenue less expenses$3,473
XI-4 Net assets at start of year$504,091
XI-5 Net unrealized gains (losses) on investments$58,239
XI-10 Net assets at end of year$565,803

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.