State Power Fund EIN 85-3982823

State Power Fund

EIN  85-3982823 Public charity (501(c)(3)) Youngstown, OH Founded 2020
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/11/26 · see original filing: IRS
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Size
$10–100M
What they do
Funds and provides fiscal sponsorship to nonprofit organizations and public interest projects working to build a just, equitable, and sustainable future.
Leadership
Amber Wallin · Sra Project Executive Director · $194K
Money in and out
$19.5M revenue, $15.8M expenses
Bottom line
86% program efficiency

Funds and provides fiscal sponsorship to nonprofit organizations and public interest projects working to build a just, equitable, and sustainable future. For fiscal year 2024 it reported $19.5M in revenue, $15.8M in expenses, and $14.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$19.5M
Pt VIII · Ln 12
Total expenses
$15.8M
Pt IX · Ln 25
Net assets
$14.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.7M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +243% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$19.5M
FY2024▲ +220%
Expenses
$15.8M
FY2024▲ +129%
Total assets
$15.1M
FY2024▲ +37%
Total liabilities
$986K
FY2024▼ -57%
Total revenue
$19.5M
Pt VIII · Ln 12
Total expenses
$15.8M
Pt IX · Ln 25
Net assets
$14.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.7M
Total assetsPt X · Ln 16$15.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $13.6M of program spending, described in the organization's own filed words · FY2024.
01

Collaborate with individuals and institutions to provide fiscal sponsorship and project hosting support that enables them to reach their philanthropic goals.

$13.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CState Power Fund
EINHdr · item D85-3982823
Principal addressHdr · item CYoungstown, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2020
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Sra Project Executive Director
$193,646Pt VII · Sec A
Sra Project Communications Director
$142,746Pt VII · Sec A
Wmtf Project Co-Executive Director
$139,107Pt VII · Sec A
Wmtf Project Co-Executive Director
$139,107Pt VII · Sec A
Independent Contractor
$136,500Pt VII · Sec A
Sra Project Chief of Staff
$135,734Pt VII · Sec A
Executive Director
$77,057Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Amber Wallin’s $194K as Sra Project Executive Director is at the 41st percentile of top reported officer pay among 3123 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Amber Wallin$193,646
Jonathan Huskey$142,746
Tinselyn Simms$139,107
Anika Fassia$139,107
Joy Cushman$136,500
Abigail Bachofer$135,734
Kristen Crowell$77,057
Nseabasi Ufot Thru 92023$28,600

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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Statement of Revenue

Part VIII
Contributions & grants$18.7M · 96%
Program service revenue$825K · 4%
Contributions & grants96%$18.7M
Program service revenue4%$825K
Total revenueLn 12$19.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$13.6M
Management & general14%$2.2M
Total functional expensesLn 25$15.8M

Balance Sheet

Part X · end of year
CashLn 1$13.3M
Total assetsLn 16$15.1M
Total liabilitiesLn 26$986K
Total net assetsLn 32$14.1M
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.3M · Operating expenses/yr $15.8M
10.1 months
Where the money goes
Program services
Program services $13.6M · Total expenses $15.8M
86%
Management & General
Management & general $2.2M · Total expenses $15.8M
14%
Fundraising
Fundraising $0 · Total expenses $15.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10.8M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $18.7M · Total revenue $19.5M
96%
Government reliance
Government grants — · Total revenue $19.5M
Earned-income share
Program service revenue $825K · Total revenue $19.5M
4%
Investment reliance
Investment income $0 · Total revenue $19.5M
0%
Program self-sufficiency
Program service revenue $825K · Total expenses $15.8M
5%
Growth & trend
Revenue growth (YoY)
This year $19.5M · Prior year $6.1M
+220%
Net-asset trend (YoY)
End of year $14.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19.5M · Expenses $15.8M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $15.1M
Net-asset ratio
Net assets $14.1M · Total assets $15.1M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amber Wallin · Reported title SRA PROJECT EXECUTIVE DIRECTOR · Highest reported compensation $194K · Total expenses $15.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.6M · Total expenses $15.8M
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 220%
Accounting fee ratio 0%

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 · received and paid
Grants received · FY2024
State VoicesFY2024$1.2M
Ford FoundationFY2024$1.0M
Tides FoundationFY2024$788K
Total grants receivedfrom 29 funders$18.5M
See all 29 funders →
Grants paid · 111 grants · $5.3M · 2022–2024
Missouri Rural Crisis CenterMO · FY2024$300,000
Groww Education INCWI · FY2024$300,000
Rockefeller FoundationNY · FY2024$280,000
IsaiahMN · FY2024$255,000
Wisdom INCWI · FY2024$125,000
Florida Rising Together INCFL · FY2024$109,200
Tides FoundationCA · FY2024$100,000
Forward Together Wisconsin CoWI · FY2024$100,000
Rise Education FundCA · FY2024$75,000
Wisconsin Rcn EducationFY2024$75,000
See all 111 grants →

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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)$19.5M revenue · viewing · ⤓ 990 PDF
FY2023$6.1M revenue · ⤓ 990 PDF
FY2022$7.9M revenue · ⤓ 990 PDF
FY2021$4.2M 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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