Mypower INC FY2021 filing

Tax-deductible

Hobbs, NM501(c)(3)Since 2009Human ServicesEIN 27-0752133Revenue $598K in FY2021

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.
47¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.4 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
$9K
1% of total assets
Looks good: liabilities are 1% 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
$598K
-16% vs prior year
Spent
$321K
To programs
47%
Net assets
$882K
By yearFY2020–FY2025
Revenue
$598K
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$710K
FY2021$598K
FY2022$540K
FY2023$448K
FY2024$259K
FY2025$618K
Expenses
$321K
FY2021▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$399K
FY2021$321K
FY2022$328K
FY2023$380K
FY2024$425K
FY2025$533K
Net assets
$882K
FY2021▲ +46%
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 FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

47 cents of each dollar spent went to programs.

Program services 47% · $150K Management & general 53% · $170K Fundraising 0% · $890

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 (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$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 · $148K · in their own filed words · FY2020
01

See schedule o

$148Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$598K
Ln 12
Gifts and grantsLn 1h$597K
Investment incomeLn 3$664
Money outPt IX
$321K
Ln 25
Programscol B$150K
Managementcol C$170K
Fundraisingcol D$890
Owns and owesPt X
$882K
net assets · Ln 32
Cash and savingsLn 1–2$707K
Total assetsLn 16$891K
LiabilitiesLn 26$9K
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$597K
Government grantsLn 1e$322K
Investment incomeLn 3$664
Total revenueLn 12$598K
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$635K
Cash and savings togetherLn 1–2$707K
Land, buildings, equipmentLn 10c$184K
Total assetsLn 16$891K
LiabilitiesLn 26$9K
Net assetsLn 32$882K
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 FY21End FY21
Cash and savingsLn 1–2$495K$707K
Land, buildings, equipmentLn 10c$149K$184K
Total assetsLn 16$644K$891K
LiabilitiesLn 26$39K$9K
Net assetsLn 32$605K$882K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$149K$40K$109K
Payroll taxesLn 10$12K$3K$9K
Accounting feesLn 11c$27K$7K$20K
Other fees for servicesLn 11g$4K$2K$2K
Advertising and promotionLn 12$1K$163$442$890
Office expensesLn 13$11K$3K$8K
OccupancyLn 16$8K$2K$6K
TravelLn 17$291$291
Depreciation, depletion and amortizationLn 22$10K$2K$8K
InsuranceLn 23$11K$3K$8K
Other expenses (24a–d)Ln 24$82K$82K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$321K$150K$170K$890

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 Viewing $598K$321K$277K$882K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $597,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $708,902$597,277
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $136$664
I-11 Other revenuePrior year $950$0
I-12 Total revenuePrior year $709,988$597,941
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $169,571$161,672
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $229,921$159,704
I-18 Total expensesPrior year $399,492$321,376
I-19 Revenue less expensesPrior year $310,496$276,565
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 $597,941 across 5 lines filed
VIII-1e Government grants$322,348
VIII-1f All other contributions, gifts and grants$274,929
VIII-1h Total contributions, gifts and grants$597,277
VIII-3 Investment incomeRelated to mission $664$664
VIII-12 Total revenueRelated to mission $664 · Unrelated business $0 · Excluded from tax $0$597,941
Part IX · Statement of functional expenses $321,376 across 12 lines filed
IX-7 Other salaries and wagesPrograms $40,291 · Management $109,169$149,460
IX-10 Payroll taxesPrograms $3,292 · Management $8,920$12,212
IX-11c Accounting feesPrograms $7,338 · Management $19,883$27,221
IX-11g Other fees for servicesPrograms $2,377 · Management $1,992$4,369
IX-12 Advertising and promotionPrograms $163 · Management $442 · Fundraising $890$1,495
IX-13 Office expensesPrograms $2,991 · Management $8,106$11,097
IX-16 OccupancyPrograms $2,221 · Management $6,019$8,240
IX-17 TravelPrograms $291$291
IX-22 Depreciation, depletion and amortizationPrograms $2,217 · Management $7,832$10,049
IX-23 InsurancePrograms $2,885 · Management $7,819$10,704
IX-24 Other expenses (24a–d)Programs $81,916$81,916
IX-24e All other expensesPrograms $4,322$4,322
IX-25 Total functional expensesPrograms $150,304 · Management $170,182 · Fundraising $890$321,376
Part X · Balance sheet $890,853 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $112,602$72,242
X-2 Savings and temporary cash investmentsStart of year $382,218$634,882
X-10c Land, buildings and equipment, netStart of year $148,889$183,729
X-16 Total assetsStart of year $643,709$890,853
X-25 Other liabilitiesStart of year $38,511$9,090
X-26 Total liabilitiesStart of year $38,511$9,090
X-27 Net assets without donor restrictionsStart of year $605,198$881,763
X-32 Total net assets or fund balancesStart of year $605,198$881,763
X-33 Total liabilities and net assetsStart of year $643,709$890,853
Part XI · Reconciliation of net assets $881,763 net assets at year end
XI-1 Total revenue$597,941
XI-2 Total expenses$321,376
XI-3 Revenue less expenses$276,565
XI-4 Net assets at start of year$605,198
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$881,763

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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