Mypower INC FY2020 filing

Tax-deductible

Hobbs, NM501(c)(3)Since 2009Human ServicesEIN 27-0752133Revenue $710K in FY2020

On file with the IRSmypowerinc.orgPo Box 1756, 88241-1756 · Hobbs, NMTax-exempt since Oct 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To empower lea county's youth to reach their full individual potential by providing fun, social, and learning activities geared toward developing personal confidence, academic excellence and enhanced life skills.

501(c)(3) charity; gifts are tax-deductible.
56¢ 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)(3)
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 $131K a year · 25% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $35K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$39K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$710K
Spent
$399K
To programs
56%
Net assets
$605K
By yearFY2020–FY2025
Revenue
$710K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$710K
FY2021$598K
FY2022$540K
FY2023$448K
FY2024$259K
FY2025$618K
Expenses
$399K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$399K
FY2021$321K
FY2022$328K
FY2023$380K
FY2024$425K
FY2025$533K
Net assets
$605K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$605K
FY2021$882K
FY2022$1.1M
FY2023$1.2M
FY2024$997K
FY2025$1.1M

From the FY2020 Form 990 (year ending June 2020) · see the original

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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 2009.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $225K Management & general 43% · $174K Fundraising 0% · $911

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mypower INC executive salaries →

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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

Empowers youth through fun activities to build confidence, academic success, and life skills.

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Provided by the organization

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1 program · $222K · in their own filed words · FY2019
01

Mypower elementary mentoring program offers 5TH grade girls at eight elementary schools 12-WEEKS of structured self-esteem and power-building workshops to empower these young women to successfully navigate the teen years by making good choices, succeeding academically, and avoiding teen pregnancy.

$222Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$35K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$710K
Ln 12
Gifts and grantsLn 1h$709K
Other incomeLn 4–11$950
Investment incomeLn 3$136
Money outPt IX
$399K
Ln 25
Programscol B$225K
Managementcol C$174K
Fundraisingcol D$911
Owns and owesPt X
$605K
net assets · Ln 32
Cash and savingsLn 1–2$495K
Total assetsLn 16$644K
LiabilitiesLn 26$39K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$709K
Government grantsLn 1e$311K
Investment incomeLn 3$136
Other incomeLn 4–11$950
Total revenueLn 12$710K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$382K
Cash and savings togetherLn 1–2$495K
Land, buildings, equipmentLn 10c$149K
Total assetsLn 16$644K
LiabilitiesLn 26$39K
Net assetsLn 32$605K
OperationsPt I, VI
EmployeesI 512
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$121K$495K
Land, buildings, equipmentLn 10c$162K$149K
Total assetsLn 16$282K$644K
LiabilitiesLn 26$3K$39K
Net assetsLn 32$280K$605K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$156K$35K$121K
Payroll taxesLn 10$14K$3K$11K
Accounting feesLn 11c$4K$781$3K
Other fees for servicesLn 11g$92K$92K$483
Advertising and promotionLn 12$1K$275$55$911
Office expensesLn 13$8K$2K$6K
OccupancyLn 16$6K$1K$5K
TravelLn 17$1K$325$1K
Depreciation, depletion and amortizationLn 22$13K$3K$10K
InsuranceLn 23$11K$2K$9K
Other expenses (24a–d)Ln 24$48K$48K
All other expensesLn 24e$46K$38K$8K
Total functional expensesLn 25$399K$225K$174K$911

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $618K$533K$85K$1.1M 990 PDF
FY2024 $259K$425K−$166K$997K 990 PDF
FY2023 $448K$380K$68K$1.2M 990 PDF
FY2022 $540K$328K$212K$1.1M 990 PDF
FY2021 $598K$321K$277K$882K 990 PDF
FY2020 Viewing $710K$399K$310K$605K 990 PDF

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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 (6 parts)
Part I · Summary $709,988 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $463,293$708,902
I-9 Program service revenue$0
I-10 Investment income$136
I-11 Other revenue$950
I-12 Total revenuePrior year $463,293$709,988
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $167,810$169,571
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $262,569$229,921
I-18 Total expensesPrior year $430,379$399,492
I-19 Revenue less expensesPrior year $32,914$310,496
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $709,988 across 6 lines filed
VIII-1e Government grants$311,000
VIII-1f All other contributions, gifts and grants$397,902
VIII-1h Total contributions, gifts and grants$708,902
VIII-3 Investment incomeRelated to mission $136$136
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $950$950
VIII-12 Total revenueRelated to mission $1,086$709,988
Part IX · Statement of functional expenses $399,492 across 12 lines filed
IX-7 Other salaries and wagesPrograms $34,554 · Management $121,339$155,893
IX-10 Payroll taxesPrograms $3,032 · Management $10,646$13,678
IX-11c Accounting feesPrograms $781 · Management $2,744$3,525
IX-11g Other fees for servicesPrograms $91,780 · Management $483$92,263
IX-12 Advertising and promotionPrograms $275 · Management $55 · Fundraising $911$1,241
IX-13 Office expensesPrograms $1,752 · Management $6,150$7,902
IX-16 OccupancyPrograms $1,364 · Management $4,786$6,150
IX-17 TravelPrograms $325 · Management $1,141$1,466
IX-22 Depreciation, depletion and amortizationPrograms $2,829 · Management $9,931$12,760
IX-23 InsurancePrograms $2,437 · Management $8,555$10,992
IX-24 Other expenses (24a–d)Programs $47,963$47,963
IX-24e All other expensesPrograms $37,966 · Management $7,693$45,659
IX-25 Total functional expensesPrograms $225,058 · Management $173,523 · Fundraising $911$399,492
Part X · Balance sheet $643,709 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $95,687$112,602
X-2 Savings and temporary cash investmentsStart of year $25,050$382,218
X-10c Land, buildings and equipment, netStart of year $161,650$148,889
X-16 Total assetsStart of year $282,387$643,709
X-25 Other liabilitiesStart of year $2,586$38,511
X-26 Total liabilitiesStart of year $2,586$38,511
X-27 Net assets without donor restrictionsStart of year $279,801$605,198
X-32 Total net assets or fund balancesStart of year $279,801$605,198
X-33 Total liabilities and net assetsStart of year $282,387$643,709
Part XI · Reconciliation of net assets $605,198 net assets at year end
XI-1 Total revenue$709,988
XI-2 Total expenses$399,492
XI-3 Revenue less expenses$310,496
XI-4 Net assets at start of year$279,801
XI-8 Prior period adjustments$14,901
XI-10 Net assets at end of year$605,198

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

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