Power Inspires Progress INC

Cincinnati, OHUnknown exempt organizationEIN 31-1367071

Power inspires progress operates small businesses in the inner city to provide positive, meaningful work opportunities for adults with employment barriers. We teach basic education, life skills, work ethics and personal responsibility. Trainees gain the knowledge and experience to be successful in the workforce.

49¢ of each $1 spent went to programs.
Run by 25 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $111K a year · 49% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $24
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
-87% vs prior year
Spent
$371K
To programs
49%
Net assets
$0
By yearFY2020–FY2022
Revenue
$48K
FY2022▼ -87%
Revenue by fiscal year
FY2020$250K
FY2021$377K
FY2022$48K
Expenses
$371K
FY2022▲ +4%
Expenses by fiscal year
FY2020$280K
FY2021$356K
FY2022$371K
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2020$302K
FY2021$323K
FY2022$0

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $183K Management & general 50% · $186K Fundraising 0% · $1K

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

Who runs it and what they're paid

12 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$45,915Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Mark Shannon$45,915$58,000$56,673

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Operates businesses providing job training and skills for adults facing employment barriers.

Provided by the organization

This section is blank until Power Inspires Progress INC claims this page.

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1 program service account for $183K of program spending, described in the organization's own filed words · FY2022.
01

The organization provides supervision and job training to low-income disadvantaged and disabled persons in the greater cincinnati area by providing them with skills needed to obtain jobs in the open MARKET.THE organization disolved in 2022, with an effective date of january 30, 2023 with the ohio secretary of state.

$183Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$24

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Investment incomeLn 3$27K
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$5K
Money outPt IX
$371K
Ln 25
Programscol B$183K
Managementcol C$186K
Fundraisingcol D$1K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$5K
Investment incomeLn 3$27K
Other incomeLn 4–11$337
Gains on assetsLn 7$25K
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 511
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$253K$0
InvestmentsLn 11–13$17K$0
Land, buildings, equipmentLn 10c$29K$0
Total assetsLn 16$327K$0
LiabilitiesLn 26$4K$0
Net assetsLn 32$323K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$46K$46K
Other salaries and wagesLn 7$37K$37K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$3K$2K$387
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$2K$2K
OccupancyLn 16$20K$20K
InterestLn 20$60$60
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$209K$35K$174K
All other expensesLn 24e$7K$5K$600$1K
Total functional expensesLn 25$371K$183K$186K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $48K$371K−$323K$0 990 PDF
FY2021 $377K$356K$21K$323K 990 PDF
FY2020 $250K$280K−$30K$302K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $47,510 across 7 lines filed
VIII-1f All other contributions, gifts and grants$15,505
VIII-1h Total contributions, gifts and grants$15,505
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,907$4,907
VIII-3 Investment incomeRelated to mission $1,731$1,731
VIII-7 Net gain or loss on sales of assetsRelated to mission $25,030$25,030
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $337$337
VIII-12 Total revenueRelated to mission $32,005 · Unrelated business $0 · Excluded from tax $0$47,510
Part IX · Statement of functional expenses $370,827 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,915$45,915
IX-7 Other salaries and wagesPrograms $37,411$37,411
IX-10 Payroll taxesPrograms $7,358$7,358
IX-11c Accounting feesManagement $11,925$11,925
IX-11g Other fees for servicesPrograms $2,184 · Management $387$2,571
IX-12 Advertising and promotionPrograms $13,101$13,101
IX-13 Office expensesPrograms $2,227$2,227
IX-16 OccupancyPrograms $19,960$19,960
IX-20 InterestPrograms $60$60
IX-22 Depreciation, depletion and amortizationPrograms $4,114$4,114
IX-23 InsurancePrograms $9,999$9,999
IX-24 Other expenses (24a–d)Programs $35,493 · Management $173,500$208,993
IX-24e All other expensesPrograms $5,333 · Management $600 · Fundraising $1,260$7,193
IX-25 Total functional expensesPrograms $183,155 · Management $186,412 · Fundraising $1,260$370,827
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $119,736$0
X-2 Savings and temporary cash investmentsStart of year $133,123$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $26,646$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $28,574$0
X-11 Publicly traded securitiesStart of year $16,755$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,653$0
X-16 Total assetsStart of year $327,487$0
X-17 Accounts payable and accrued expensesStart of year $3,309$0
X-25 Other liabilitiesStart of year $861$0
X-26 Total liabilitiesStart of year $4,170$0
X-27 Net assets without donor restrictionsStart of year $323,317$0
X-32 Total net assets or fund balancesStart of year $323,317$0
X-33 Total liabilities and net assetsStart of year $327,487$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$47,510
XI-2 Total expenses$370,827
XI-3 Revenue less expenses−$323,317
XI-4 Net assets at start of year$323,317
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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