Power 52 INC FY2022 filing

Tax-deductible

Columbia, MD501(c)(3)Human ServicesEIN 47-5176575Revenue $578K in FY2022

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 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
$37K
11% of total assets
Looks good: liabilities are 11% 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
$578K
+10% vs prior year
Spent
$623K
To programs
72%
Net assets
$294K
By yearFY2020–FY2024
Revenue
$578K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$651K
FY2021$527K
FY2022$578K
FY2023$540K
FY2024$1.0M
Expenses
$623K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$519K
FY2021$569K
FY2022$623K
FY2023$518K
FY2024$682K
Net assets
$294K
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$231K
FY2021$339K
FY2022$294K
FY2023$108K
FY2024$453K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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% · $446K Management & general 28% · $177K

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

12 people listed on the 990.

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

See Power 52 INC executive salaries →

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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.

Questions for Power 52 INC

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Provided by the organization

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2 programs · $892K · in their own filed words · FY2022
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

$446Kprogram expense
02

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

$446Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$578K
Ln 12
Gifts and grantsLn 1h$576K
Other incomeLn 4–11$2K
Money outPt IX
$623K
Ln 25
Programscol B$446K
Managementcol C$177K
Owns and owesPt X
$294K
net assets · Ln 32
Cash and savingsLn 1–2$294K
Total assetsLn 16$331K
LiabilitiesLn 26$37K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$576K
Government grantsLn 1e$241K
Other incomeLn 4–11$2K
Total revenueLn 12$578K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$294K
Total assetsLn 16$331K
LiabilitiesLn 26$37K
Net assetsLn 32$294K
OperationsPt I, VI
EmployeesI 510
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

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 Viewing $578K$623K−$45K$294K 990 PDF
FY2021 $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 FY2022 990 (1 part)
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

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

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