Power Inspires Progress INC FY2020 filing

Cincinnati, OHUnknown exempt organizationEIN 31-1367071Revenue $250K in FY2020

On file with the IRSpowerinspiresprogess.com1301 Vine Street · Cincinnati, OH

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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.

79¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
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
$250K
Spent
$280K
To programs
79%
Net assets
$302K
By yearFY2020–FY2022
Revenue
$250K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$377K
FY2022$48K
Expenses
$280K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$280K
FY2021$356K
FY2022$371K
Net assets
$302K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$302K
FY2021$323K
FY2022$0

From the FY2020 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

79 cents of each dollar spent went to programs.

Program services 79% · $220K Management & general 20% · $56K Fundraising 1% · $4K

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

16 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$56,673Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee/Officer
$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.

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Provided by the organization

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1 program · $220K · in their own filed words · FY2020
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.

$220Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$24

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$69K
Other incomeLn 4–11$5K
Money outPt IX
$280K
Ln 25
Programscol B$220K
Managementcol C$56K
Fundraisingcol D$4K
Owns and owesPt X
$302K
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$311K
LiabilitiesLn 26$8K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$69K
Investment incomeLn 3$667
Other incomeLn 4–11$5K
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$108K
Cash and savings togetherLn 1–2$240K
InvestmentsLn 11–13$14K
Land, buildings, equipmentLn 10c$34K
Other assetsLn 15$3K
Total assetsLn 16$311K
LiabilitiesLn 26$8K
Net assetsLn 32$302K
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 FY20End FY20
Cash and savingsLn 1–2$180K$240K
InvestmentsLn 11–13$10K$14K
Land, buildings, equipmentLn 10c$42K$34K
Total assetsLn 16$329K$311K
LiabilitiesLn 26$3K$8K
Net assetsLn 32$326K$302K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$57K$5K$48K$4K
Other salaries and wagesLn 7$57K$57K
Payroll taxesLn 10$12K$7K$5K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$4K$3K$565
Advertising and promotionLn 12$3K$3K$497
Office expensesLn 13$7K$7K
OccupancyLn 16$40K$40K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$68K$68K
All other expensesLn 24e$9K$8K$1K
Total functional expensesLn 25$280K$220K$56K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $48K$371K−$323K$0 990 PDF
FY2021 $377K$356K$21K$323K 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $249,833 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,304$175,618
I-9 Program service revenuePrior year $222,888$68,978
I-10 Investment incomePrior year $1,896$667
I-11 Other revenuePrior year $15,129$4,570
I-12 Total revenuePrior year $472,217$249,833
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 $226,096$126,069
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $321,846$153,523
I-18 Total expensesPrior year $547,942$279,592
I-19 Revenue less expensesPrior year −$75,725−$29,759
Part VI · Governance 14 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $249,833 across 7 lines filed
VIII-1a Federated campaigns$32,000
VIII-1f All other contributions, gifts and grants$143,618
VIII-1h Total contributions, gifts and grants$175,618
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,978$68,978
VIII-3 Investment incomeRelated to mission $667$667
VIII-8 Net income from fundraising eventsExcluded from tax $4,570$4,570
VIII-12 Total revenueRelated to mission $69,645 · Unrelated business $0 · Excluded from tax $4,570$249,833
Part IX · Statement of functional expenses $279,592 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,534 · Management $48,172 · Fundraising $3,967$56,673
IX-7 Other salaries and wagesPrograms $57,148$57,148
IX-10 Payroll taxesPrograms $6,876 · Management $5,372$12,248
IX-11c Accounting feesPrograms $6,023$6,023
IX-11g Other fees for servicesPrograms $3,205 · Management $565$3,770
IX-12 Advertising and promotionPrograms $2,816 · Management $497$3,313
IX-13 Office expensesPrograms $6,731$6,731
IX-16 OccupancyPrograms $40,393$40,393
IX-22 Depreciation, depletion and amortizationPrograms $12,982$12,982
IX-23 InsurancePrograms $2,970$2,970
IX-24 Other expenses (24a–d)Programs $68,327$68,327
IX-24e All other expensesPrograms $7,917 · Management $1,097$9,014
IX-25 Total functional expensesPrograms $219,922 · Management $55,703 · Fundraising $3,967$279,592
Part X · Balance sheet $310,539 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $72,109$132,569
X-2 Savings and temporary cash investmentsStart of year $107,469$107,824
X-4 Accounts receivableStart of year $83,836$18,904
X-10c Land, buildings and equipment, netStart of year $42,010$34,063
X-11 Publicly traded securitiesStart of year $10,320$14,461
X-15 Other assetsStart of year $2,716$2,718
X-16 Total assetsStart of year $328,960$310,539
X-17 Accounts payable and accrued expensesStart of year $798$8,096
X-25 Other liabilitiesStart of year $2,509$65
X-26 Total liabilitiesStart of year $3,307$8,161
X-27 Net assets without donor restrictionsStart of year $325,653$302,378
X-32 Total net assets or fund balancesStart of year $325,653$302,378
X-33 Total liabilities and net assetsStart of year $328,960$310,539
Part XI · Reconciliation of net assets $302,378 net assets at year end
XI-1 Total revenue$249,833
XI-2 Total expenses$279,592
XI-3 Revenue less expenses−$29,759
XI-4 Net assets at start of year$325,653
XI-8 Prior period adjustments$6,484
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$302,378

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

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