Cause IQ organization profile

The Power Foundation

Form 990s | Financials | Vendors | Peers

The Power Foundation is a private foundation based in Kalamazoo, MI that was founded in 1967. As of 2019 they had $1.4 million in revenue and $8.4 million in assets.

The Power Foundation makes grants to other organizations, such as $300,000 to The Center for Michigan for "Alliance for Early Success"; $100,000 to Planned Parenthood of Michigan for "Operating Support"; $15,000 to Planned Parenthood of the Rocky Mountains for "Operating Support"; $10,000 to United Way of Washtenaw County (UWWC) for "Operating Support"; and $5,000 to Graland Country Day School for "Annual Fund".

EIN:

38-6119490

City:

Kalamazoo

State:

Michigan

Founded:

1967

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$1,449,011

Assets:

$8,491,019

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for The Power Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jun 19, 2019	990PF	View PDF
2017-12	Jul 18, 2018	990PF	View PDF
2016-12	Aug 22, 2017	990PF	View PDF
2015-12	Sep 1, 2016	990PF	View PDF
2014-12	Aug 21, 2015	990PF	View PDF
...and three more Form 990 PDFs

Financials for The Power Foundation

Field	2018	2017	% Change
Total grants, contributions, etc.	$300,000	$179,974	66.7%
Investment income and dividends	$216,129	$208,561	3.6%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$932,882	$479,482	94.6%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$0	$546	-100%
Total revenues	$1,449,011	$868,563	66.8%

Field	2018	2017	% Change
Compensation of current officers, etc.	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Legal fees	$0	$0
Accounting fees	$4,279	$4,032	6.1%
Other fee-for-service	$105,293	$101,316	3.9%
Interest	$0	$0
Depreciation, amortization, etc.	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Office expenses
Grants to all govts., orgs., and individuals	$999,000	$642,566	55.5%
All other expenses	$13,115	$2,195	497.5%
Total expenses	$1,121,687	$750,109	49.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$833,659	$455,464	83.0%
Accounts receivable	$0	$0
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$7,657,360	$7,708,231	-0.7%
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$8,491,019	$8,163,695	4.0%

Field	2018	2017
Accounts payable and accrued expenses	$0	$0
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$0	$0

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for The Power Foundation

Vendor	Services	Amount paid	Date
BDO USA LLP	Tax accounting		2019-05-29

Peer private foundations

	Name	Type	Revenue	Location
1	Mojo Foundation	501(c)(3)	$5.5 million	Grand Rapids, MI
2	Betts Foundation	501(c)(3)	$392,125	Warren, PA
3	The John C Griswold Family Foundation	501(c)(3)	$1.1 million	Wilmington, DE
4	McNeill Charitable Foundation	501(c)(3)	$1.7 million	Houston, TX
5	Fairbridge Foundation	501(c)(3)	$813,372	Lake Oswego, OR
6	Van Kampen Boyer Molinari Charitable Foundation	501(c)(3)	$1.1 million	Fruitport, MI
7	Raleigh Rescue Mission Foundation	501(c)(3)	$365,589	Raleigh, NC
8	The Lachimi Foundation	501(c)(3)	$4.1 million	Troy, MI
9	HP Foundation	501(c)(3)	$2.1 million	Palo Alto, CA
10	Philanthropy International	501(c)(3)	$1.1 million	Claremont, CA
11	Kate and Richard Wolters Foundation	501(c)(3)	$919,763	Grand Rapids, MI
12	The Gerber Foundation	501(c)(3)	$6.3 million	Fremont, MI
13	De Witt Families Conduit Foundation	501(c)(3)	$385,821	Holland, MI
14	World Heritage Foundation	501(c)(3)	$697,090	Trenton, MI
15	Edwin J and Ruth M Shoemaker Foundation	501(c)(3)	$1.8 million	Troy, MI
16	Eileen Devries Family Foundation	501(c)(3)	$2.2 million	East Grand Rapids, MI
17	Metro Health Foundation	501(c)(3)	$497,038	Detroit, MI
18	Alden and Vada Dow Fund	501(c)(3)	$2.9 million	Midland, MI
19	Henry E and Consuelo S Wenger Foundation	501(c)(3)	$1.1 million	White Lake, MI
20	Levy-Horowitz Foundation	501(c)(3)	$531,706	Dearborn, MI
21	David W Elliott Foundation	501(c)(3)	$415,146	Royal Oak, MI
22	W B and Candace Thoman Foundation	501(c)(3)	$532,030	Lansing, MI
23	Fidelity Stewards Fund	501(c)(3)	$650,000	Portage, MI
24	Alex and Marie Manoogian Foundation	501(c)(3)	$5.8 million	Taylor, MI
25	The Richard K Thompson Foundation	501(c)(3)	$839,923	Warren, MI

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Cause IQ organization profile

The Power Foundation

Form 990s for The Power Foundation

Financials for The Power Foundation

Vendors for The Power Foundation

Peer private foundations

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