Power Access INC

EIN 27-3497929 Public charity (501(c)(3)) Miami Beach, FL NTEE G99
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Revenue & expenses by yearFY2021–FY2025
Revenue
$339K
FY2025▲ +70%
Expenses
$366K
FY2025▲ +78%

Form 990 for the fiscal year ending February 2025 (IRS tax year 2024).


Promotes disability awareness and develops technologies to improve accessibility. For fiscal year 2025 it reported $339K in revenue, $366K in expenses, and $3K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Miami Beach, FL
Website
poweraccessinc.org
Filings
3 on file (2021–2025)
Revenue
$339KFY2025
Expenses
$366K
Net assets
$3K
People
10
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Provided by the organization

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Size
$100K–1M
What they do
Promotes disability awareness and develops technologies to improve accessibility.
Leadership
Lori Bakkum · Executive Director · $49K
Money in and out
$339K revenue, $366K expenses
Bottom line
97% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good Yes — exemption reinstated (2013-07-15)

Per the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 1 funder — Amazonsmile Foundation

$16 in the latest grant year. Details →

Spent on programs?

good 97% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +70% vs prior year Details →

Where the money goes · FY2025
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$3K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$27K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -85% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -202% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$86K
FY2025▲ +53%
Total liabilities
$83K
FY2025▲ +250%
Revenue less expensesPt I · Ln 19−$27K
Total assetsPt X · Ln 16$86K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CPower Access INC
EINHdr · item D27-3497929
Principal addressHdr · item CMiami Beach, FL
WebsiteHdr · item Jpoweraccessinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G99)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$49,070Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lori Bakkum’s $49K as Executive Director is at the 34th percentile of top reported officer pay among 901 $100K–1M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

1 program service account for $356K of program spending, described in the organization's own filed words · FY2024.
01

To raise funds to promote disability awareness through the Annual Jazz Festival

$356Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$339K
— government grantsLn 1e$25K
Total revenueLn 12$339K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$356K
Management & general3%$10K
Total functional expensesLn 25$366K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$86K
Total liabilitiesLn 26$83K
Total net assetsLn 32$3K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses (Pt IX) $366K · Less non-cash grants $55K · Cash operating expenses/yr $311K
0.2 months
Where the money goes
Program services
Program services $356K · Total expenses $366K
97%
Management & General
Management & general $10K · Total expenses $366K
3%
Fundraising
Fundraising $0 · Total expenses $366K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $221K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $339K · Total revenue $339K
100%
Government reliance
Government grants $25K · Total revenue $339K
8%
Earned-income share
Program service revenue $0 · Total revenue $339K
0%
Investment reliance
Investment income $0 · Total revenue $339K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $366K
0%
Growth & trend
Revenue growth (YoY)
This year $339K · Prior year $200K
+70%
Revenue CAGR
FY2020 $157K · FY2024 $339K
+21%
Net-asset trend (YoY)
End of year $3K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $339K · Expenses $366K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $86K
—
Net-asset ratio
Net assets $3K · Total assets $86K
3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $86K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lori Bakkum · Reported title Executive Director · Highest reported compensation $49K · Total expenses $366K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $366K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 70%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$339K revenue · viewing · ⤓ 990 PDF
FY2024not on file
FY2023not on file
FY2022$200K revenue · ⤓ 990 PDF
FY2021$157K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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