Power Action Fund FY2022 filing

Philadelphia, PAUnknown exempt organizationEIN 86-1492251Revenue $871K in FY2022

On file with the IRS1419 N 11th Street · Philadelphia, PA

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Power Action Fund is a startup (new) organization whose activities hasn't occurred to date.

75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $78K a year · 23% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $437K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$871K
+481% vs prior year
Spent
$642K
To programs
75%
Net assets
$218K
By yearFY2020–FY2023
Revenue
$871K
FY2022▲ +481%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$150K
FY2022$871K
FY2023$355K
Expenses
$642K
FY2022▲ +425%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$122K
FY2022$642K
FY2023$302K
Net assets
$218K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$218K
FY2023$285K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $481K Management & general 10% · $64K Fundraising 15% · $96K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director/Non-Voting Ex Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Power Action 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

Starts new initiatives to empower communities.

Questions for Power Action Fund

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Provided by the organization

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1 program · $481K · in their own filed words · FY2022
01

Power action fund will be used strictly for c4 activities and functions as defined and determined.

$481Kprogram 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
Total grants receivedfrom 6 funders$437K
See all 6 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$871K
Ln 12
Gifts and grantsLn 1h$871K
Money outPt IX
$642K
Ln 25
Programscol B$481K
Managementcol C$64K
Fundraisingcol D$96K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$871K
Government grantsLn 1e$0
Fundraising eventsLn 1c$5K
Total revenueLn 12$871K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
Total assetsLn 16$218K
LiabilitiesLn 26$0
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$96K$218K
Total assetsLn 16$96K$218K
LiabilitiesLn 26$67K$0
Net assetsLn 32$29K$218K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$41K$6K$8K
Payroll taxesLn 10$27K$20K$3K$4K
Other expenses (24a–d)Ln 24$442K$332K$44K$66K
All other expensesLn 24e$118K$88K$12K$18K
Total functional expensesLn 25$642K$481K$64K$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $355K$302K$53K$285K 990 PDF
FY2022 Viewing $871K$642K$229K$218K 990 PDF
FY2021 $150K$122K$28K$0 990 PDF
FY2020 $0$0$0$0 990 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 (6 parts)
Part I · Summary $870,960 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,000$870,960
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $150,000$870,960
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $106,603$81,805
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,570$559,795
I-18 Total expensesPrior year $122,173$641,600
I-19 Revenue less expensesPrior year $27,827$229,360
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $870,960 across 5 lines filed
VIII-1c Fundraising events$4,960
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$866,000
VIII-1h Total contributions, gifts and grants$870,960
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$870,960
Part IX · Statement of functional expenses $641,600 across 4 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,276 · Management $5,503 · Fundraising $8,255$55,034
IX-10 Payroll taxesPrograms $20,078 · Management $2,677 · Fundraising $4,016$26,771
IX-24 Other expenses (24a–d)Programs $331,642 · Management $44,220 · Fundraising $66,329$442,191
IX-24e All other expensesPrograms $88,203 · Management $11,760 · Fundraising $17,641$117,604
IX-25 Total functional expensesPrograms $481,199 · Management $64,160 · Fundraising $96,241$641,600
Part X · Balance sheet $218,186 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $95,984$218,186
X-16 Total assetsStart of year $95,984$218,186
X-26 Total liabilitiesStart of year $67,158$0
X-27 Net assets without donor restrictionsStart of year $28,826$218,186
X-32 Total net assets or fund balancesStart of year $28,826$218,186
X-33 Total liabilities and net assetsStart of year $95,984$218,186
Part XI · Reconciliation of net assets $218,186 net assets at year end
XI-1 Total revenue$870,960
XI-2 Total expenses$641,600
XI-3 Revenue less expenses$229,360
XI-4 Net assets at start of year$28,826
XI-8 Prior period adjustments−$40,000
XI-10 Net assets at end of year$218,186

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

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