Power 52 INC FY2021 filing

Tax-deductible

Columbia, MD501(c)(3)Human ServicesEIN 47-5176575Revenue $527K in FY2021

On file with the IRSpower52.org8775 Cloudleap CT, 21045-3044 · Columbia, MDTax-exempt since Dec 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Power52 provides employment training for at risk adults returning citizens and underserved individuals living in baltimore city and surrounding counties that prepares participants for careers in the solar industry as well as other green job opportunities

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $82K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $718K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$527K
-19% vs prior year
Spent
$569K
To programs
72%
Net assets
$339K
By yearFY2020–FY2024
Revenue
$527K
FY2021▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$651K
FY2021$527K
FY2022$578K
FY2023$540K
FY2024$1.0M
Expenses
$569K
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$519K
FY2021$569K
FY2022$623K
FY2023$518K
FY2024$682K
Net assets
$339K
FY2021▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$231K
FY2021$339K
FY2022$294K
FY2023$108K
FY2024$453K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $407K Management & general 28% · $162K

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

6 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
$90,050Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Advisory Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cherie Brooks’s $100K as President/Ce is at the 35th percentile of top reported officer pay among 3869 $1–10M human services 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Cherie Brooks$100,325$96,850——
Cherie Brooks Wallace——$90,050$86,000

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

Trains at-risk adults for solar and green jobs in Baltimore.

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Provided by the organization

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1 program · $407K · in their own filed words · FY2021
01

POWER52 provides employment training for at risk adults returning citizens and underserved individuals living in baltimore city and surrounding counties that prepares participants for careers in the solar industry as well as other green job opportunities

$407Kprogram 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 · FY2024
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$527K
Ln 12
Gifts and grantsLn 1h$493K
Other incomeLn 4–11$34K
Money outPt IX
$569K
Ln 25
Programscol B$407K
Managementcol C$162K
Owns and owesPt X
$339K
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$343K
LiabilitiesLn 26$4K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$493K
Government grantsLn 1e$468K
Fundraising eventsLn 1c$160
Other incomeLn 4–11$34K
Total revenueLn 12$527K
Assets in detailPt X, end of year
CashLn 1$335K
Cash and savings togetherLn 1–2$335K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$343K
LiabilitiesLn 26$4K
Net assetsLn 32$339K
OperationsPt I, VI
EmployeesI 510
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$289K$335K
Land, buildings, equipmentLn 10c$11K$8K
Total assetsLn 16$312K$343K
LiabilitiesLn 26$81K$4K
Net assetsLn 32$231K$339K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$283K$194K$89K
Other employee benefitsLn 9$35K$27K$7K
Payroll taxesLn 10$20K$13K$7K
Management feesLn 11a$360$360
Other fees for servicesLn 11g$30K$2K$28K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$100K$88K$12K
OccupancyLn 16$25K$8K$17K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$870$870
Other expenses (24a–d)Ln 24$66K$66K
Total functional expensesLn 25$569K$407K$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$682K$344K$453K 990 PDF
FY2023 $540K$518K$21K$108K 990 PDF
FY2022 $578K$623K−$45K$294K 990 PDF
FY2021 Viewing $527K$569K−$42K$339K 990 PDF
FY2020 $651K$519K$132K$231K 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 FY2021 990 (6 parts)
Part I · Summary $527,123 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $647,541$493,143
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $3,667$33,980
I-12 Total revenuePrior year $651,208$527,123
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $294,589$337,181
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $224,422$231,536
I-18 Total expensesPrior year $519,011$568,717
I-19 Revenue less expensesPrior year $132,197−$41,594
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $527,123 across 6 lines filed
VIII-1c Fundraising events$160
VIII-1e Government grants$467,983
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$493,143
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,980$33,980
VIII-12 Total revenueRelated to mission $33,980 · Unrelated business $0 · Excluded from tax $0$527,123
Part IX · Statement of functional expenses $568,717 across 11 lines filed
IX-7 Other salaries and wagesPrograms $193,640 · Management $89,273$282,913
IX-9 Other employee benefitsPrograms $27,229 · Management $7,402$34,631
IX-10 Payroll taxesPrograms $12,808 · Management $6,829$19,637
IX-11a Management feesManagement $360$360
IX-11g Other fees for servicesPrograms $1,852 · Management $27,979$29,831
IX-12 Advertising and promotionPrograms $5,696$5,696
IX-13 Office expensesPrograms $87,808 · Management $12,296$100,104
IX-16 OccupancyPrograms $8,395 · Management $17,044$25,439
IX-22 Depreciation, depletion and amortizationPrograms $3,030$3,030
IX-23 InsuranceManagement $870$870
IX-24 Other expenses (24a–d)Programs $66,206$66,206
IX-25 Total functional expensesPrograms $406,664 · Management $162,053 · Fundraising $0$568,717
Part X · Balance sheet $342,905 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $288,778$335,333
X-10c Land, buildings and equipment, netStart of year $10,602$7,572
X-16 Total assetsStart of year $312,034$342,905
X-25 Other liabilitiesStart of year $7,539$4,178
X-26 Total liabilitiesStart of year $80,642$4,178
X-27 Net assets without donor restrictionsStart of year $231,392$338,727
X-32 Total net assets or fund balancesStart of year $231,392$338,727
X-33 Total liabilities and net assetsStart of year $312,034$342,905
Part XI · Reconciliation of net assets $338,727 net assets at year end
XI-1 Total revenue$527,123
XI-2 Total expenses$568,717
XI-3 Revenue less expenses−$41,594
XI-4 Net assets at start of year$231,392
XI-8 Prior period adjustments$2,723
XI-9 Other changes in net assets$146,206
XI-10 Net assets at end of year$338,727

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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