Greenpower USA Foundation EIN 46-5621647

Greenpower USA Foundation

EIN  46-5621647 Public charity (501(c)(3)) Huntsville, AL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Improves science and technology education for students and teachers.
Leadership
Devon Bane · Operations D
Money in and out
$183K revenue, $307K expenses
Bottom line
94% program efficiency

Improves science and technology education for students and teachers. For fiscal year 2024 it reported $183K in revenue, $307K in expenses, and $154K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$307K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$125K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
-68%
revenue over expenses, this year▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$183K
FY2024▲ +6%
Expenses
$307K
FY2024▲ +17%
Total assets
$227K
FY2024▼ -29%
Total liabilities
$73K
FY2024▲ +69%
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$307K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$125K
Total assetsPt X · Ln 16$227K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $289K of program spending, described in the organization's own filed words · FY2024.
01

Greenpower usa is developing the greenpower electric car challenge which supports the teaching and learning of the stem subjects and provides a valuable hands on activity that provides an applied level of understanding in key mathematical, scientific, design and engineering concepts.

$289Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreenpower USA Foundation
EINHdr · item D46-5621647
Principal addressHdr · item CHuntsville, AL
WebsiteHdr · item Jwww.greenpowerusa.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U99)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Operations D
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$180K · 98%
Contributions & grants$3K · 2%
Other revenue98%$180K
Contributions & grants2%$3K
Total revenueLn 12$183K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$289K
Management & general6%$18K
Total functional expensesLn 25$307K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$227K
Total liabilitiesLn 26$73K
Total net assetsLn 32$154K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $307K
0.8 months
Where the money goes
Program services
Program services $289K · Total expenses $307K
94%
Management & General
Management & general $18K · Total expenses $307K
6%
Fundraising
Fundraising $0 · Total expenses $307K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $183K
2%
Government reliance
Government grants — · Total revenue $183K
Earned-income share
Program service revenue $0 · Total revenue $183K
0%
Investment reliance
Investment income $0 · Total revenue $183K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $307K
0%
Growth & trend
Revenue growth (YoY)
This year $183K · Prior year $173K
+6%
Net-asset trend (YoY)
End of year $154K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $183K · Expenses $307K
-68%
Liabilities-to-Assets
Total liabilities — · Total assets $227K
Net-asset ratio
Net assets $154K · Total assets $227K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $227K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Devon Bane · Reported title OPERATIONS D · Highest reported compensation $0 · Total expenses $307K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $78K · Total expenses $307K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 6%
Legal fee ratio 8%
Accounting fee ratio 2%

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$14K

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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
FY2024 (Latest)$183K revenue · viewing · ⤓ 990 PDF
FY2023$173K revenue · ⤓ 990 PDF
FY2022$384K revenue · ⤓ 990 PDF
FY2021$178K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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