State Power Fund FY2021 filing

Tax-deductible

Youngstown, OH501(c)(3)Since 2020Human ServicesEIN 85-3982823Revenue $4.2M in FY2021

On file with the IRSPo Box 1107, 44501-1107 · Youngstown, OHTax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is dedicated to supporting innovative and effective public interest projects to build a just, equitable, and sustainable future by funding nonprofit organizations to accomplish needed change.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 4
filings with a surplus
Average surplus $2.4M a year · 25% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
29
named funders · $18.5M
Looks good: 29 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$4.2M
Spent
$1.5M
To programs
83%
Net assets
$2.7M
By yearFY2021–FY2024
Revenue
$4.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$4.2M
FY2022$7.9M
FY2023$6.1M
FY2024$19.5M
Expenses
$1.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2022$4.0M
FY2023$6.9M
FY2024$15.8M
Net assets
$2.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.7M
FY2022$6.6M
FY2023$8.7M
FY2024$14.1M

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

Form 990 (PDF) Claim
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 Jun 2022.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.3M Management & general 17% · $253K

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.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amber Wallin’s $194K as Sra Project Executive Director is at the 41st percentile of top reported officer pay among 3122 $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.

See State Power Fund 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 15aNo

Programs and updates

Funds and provides fiscal sponsorship to nonprofit organizations and public interest projects working to build a just, equitable, and sustainable future.

Questions for State Power Fund

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2021
01

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

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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
Individual RecipientFY2024$75,000
See all 111 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$253K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$12K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$2.7M
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$2.7M
LiabilitiesLn 26$12K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$2.7M
Land, buildings, equipmentLn 10c$0$3K
Total assetsLn 16$0$2.7M
LiabilitiesLn 26$0$12K
Net assetsLn 32$0$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$375K$334K$41K
Other employee benefitsLn 9$56K$50K$6K
Payroll taxesLn 10$36K$29K$7K
Other fees for servicesLn 11g$996K$805K$190K
Advertising and promotionLn 12$26K$23K$3K
Office expensesLn 13$23K$20K$2K
TravelLn 17$5K$4K$475
Conferences, conventions and meetingsLn 19$522$470$52
Depreciation, depletion and amortizationLn 22$140$126$14
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$10K$1K
Total functional expensesLn 25$1.5M$1.3M$253K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.5M$15.8M$3.7M$14.1M 990 PDF
FY2023 $6.1M$6.9M−$804K$8.7M 990 PDF
FY2022 $7.9M$4.0M$3.9M$6.6M 990 PDF
FY2021 Viewing $4.2M$1.5M$2.7M$2.7M 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 $4,190,542 revenue, 12 lines filed
I-8 Contributions and grants$4,190,542
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$4,190,542
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$467,128
I-16a Professional fundraising fees$0
I-17 Other expenses$1,063,271
I-18 Total expenses$1,530,399
I-19 Revenue less expenses$2,660,143
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $4,190,542 across 3 lines filed
VIII-1f All other contributions, gifts and grants$4,190,542
VIII-1h Total contributions, gifts and grants$4,190,542
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,190,542
Part IX · Statement of functional expenses $1,530,399 across 11 lines filed
IX-7 Other salaries and wagesPrograms $334,484 · Management $40,579$375,063
IX-9 Other employee benefitsPrograms $50,367 · Management $5,596$55,963
IX-10 Payroll taxesPrograms $28,781 · Management $7,321$36,102
IX-11g Other fees for servicesPrograms $805,483 · Management $190,498$995,981
IX-12 Advertising and promotionPrograms $23,025 · Management $2,558$25,583
IX-13 Office expensesPrograms $20,437 · Management $2,270$22,707
IX-17 TravelPrograms $4,278 · Management $475$4,753
IX-19 Conferences, conventions and meetingsPrograms $470 · Management $52$522
IX-22 Depreciation, depletion and amortizationPrograms $126 · Management $14$140
IX-23 InsuranceManagement $1,824$1,824
IX-24 Other expenses (24a–d)Programs $10,386 · Management $1,375$11,761
IX-25 Total functional expensesPrograms $1,277,837 · Management $252,562 · Fundraising $0$1,530,399
Part X · Balance sheet $2,672,531 assets, 9 lines filed
X-1 Cash, non-interest-bearing$2,669,868
X-10c Land, buildings and equipment, netStart of year $0$2,663
X-16 Total assetsStart of year $0$2,672,531
X-18 Grants payable$12,388
X-26 Total liabilitiesStart of year $0$12,388
X-27 Net assets without donor restrictions$276,143
X-28 Net assets with donor restrictions$2,384,000
X-32 Total net assets or fund balancesStart of year $0$2,660,143
X-33 Total liabilities and net assetsStart of year $0$2,672,531
Part XI · Reconciliation of net assets $2,660,143 net assets at year end
XI-1 Total revenue$4,190,542
XI-2 Total expenses$1,530,399
XI-3 Revenue less expenses$2,660,143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,660,143

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

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