Power Inspires Progress INC

Cincinnati, OH · Unknown exempt organization

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Legal name (IRS)Hdr · item CPower Inspires Progress INC
EINHdr · item D31-1367071
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CCincinnati, OH
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jpowerinspiresprogess.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.50 Fundraising $0.00
Program services49%$183K
Management & general50%$186K
Fundraising$1K
Total functional expensesLn 25$371K

Financial health

Is it on solid ground?

Surplus margin
-681%
revenue over expenses, this year▼ -12360% vs prior filing year
Program spending
49%
of expenses reach programs▼ -49% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$0
FY2022▼ -100%
Total assets by fiscal year
FY2020$311K
FY2021$327K
FY2022$0
Total liabilities
$0
FY2022▼ -100%
Total liabilities by fiscal year
FY2020$8K
FY2021$4K
FY2022$0
Revenue less expensesPt I · Ln 19−$323K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Investment income$27K · 56%
Contributions & grants$16K · 33%
Program service revenue$5K · 10%
Other revenue$337 · 1%
Investment income56%$27K
Contributions & grants33%$16K
Program service revenue10%$5K
Other revenue1%$337
Total revenueLn 12$48K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $371K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $183K · Total expenses $371K
49%
Management & General
Management & general $186K · Total expenses $371K
50%
Fundraising
Fundraising $1K · Total expenses $371K
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $153K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $16K · Total revenue $48K
33%
Government reliance
Government grants — · Total revenue $48K
—
Earned-income share
Program service revenue $5K · Total revenue $48K
10%
Investment reliance
Investment income $27K · Total revenue $48K
+56%
Program self-sufficiency
Program service revenue $5K · Total expenses $371K
1%
Growth & trend
Revenue growth (YoY)
This year $48K · Prior year $377K
-87%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48K · Expenses $371K
-681%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Shannon · Reported title PRESIDENT · Highest reported compensation $46K · Total expenses $371K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $91K · Total expenses $371K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 49%——
Overhead ratio 50%——
Fundraising cost ratio 8%——
Revenue growth -87%——
Accounting fee ratio 3%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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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Governance & Policies

Part VI
  • 16Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $48K$371K-87% 990 PDF
FY2021 $377K$356K+51% 990 PDF
FY2020 $250K$280K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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