Civic Intelligence

Npower Inc.

990 • Fiscal year 2017 • EIN 13-4145441

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

99 Wall Street No 350New York, NY 10005

(212) 564-7010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.12x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.05x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

45th percentile

1.6%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$372,643

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.9%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,508,313

Up $269,617 (+5.1%) from 2016

Net Assets

Up

$4,858,394

Up $198,344 (+4.3%) from 2016

Liabilities

Up

$649,919

Up $71,273 (+12%) from 2016

Revenue

Up

$12,074,683

Up $226,532 (+1.9%) from 2016

Expenses

Up

$11,876,339

Up $2,189,803 (+23%) from 2016

Net Income

Down

$198,344

Down $1,963,271 (-91%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $3,249,224Liabilities 2010: $162,279Net Assets 2010: $3,086,9452010Assets 2011: $3,405,098Liabilities 2011: $616,437Net Assets 2011: $2,788,6612011Assets 2012: $3,653,568Liabilities 2012: $853,775Net Assets 2012: $2,799,7932012Assets 2013: $3,019,445Liabilities 2013: $421,179Net Assets 2013: $2,598,2662013Assets 2014: $2,781,015Liabilities 2014: $243,007Net Assets 2014: $2,538,0082014Assets 2015: $2,874,499Liabilities 2015: $522,485Net Assets 2015: $2,352,0142015Assets 2016: $5,238,696Liabilities 2016: $578,646Net Assets 2016: $4,660,0502016Assets 2017: $5,508,313Liabilities 2017: $649,919Net Assets 2017: $4,858,3942017Assets 2018: $12,697,359Liabilities 2018: $731,761Net Assets 2018: $11,965,5982018Assets 2019: $8,552,596Liabilities 2019: $1,213,442Net Assets 2019: $7,339,1542019Assets 2020: $15,216,351Liabilities 2020: $964,318Net Assets 2020: $14,252,0332020Assets 2021: $16,868,984Liabilities 2021: $1,410,623Net Assets 2021: $15,458,3612021Assets 2022: $36,741,712Liabilities 2022: $4,728,845Net Assets 2022: $32,012,8672022Assets 2023: $25,656,098Liabilities 2023: $4,189,310Net Assets 2023: $21,466,7882023Assets 2024: $20,501,745Liabilities 2024: $3,370,568Net Assets 2024: $17,131,1772024

Highlighted filing

2017

Assets$5,508,313
Liabilities$649,919
Net Assets$4,858,394

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $5,534,1532010Expenses 2011: $6,425,5522011Expenses 2012: $7,579,2292012Revenue 2013: $5,815,313Expenses 2013: $6,016,840Net Income 2013: -$201,5272013Revenue 2014: $5,714,528Expenses 2014: $5,774,786Net Income 2014: -$60,2582014Revenue 2015: $6,799,578Expenses 2015: $6,985,572Net Income 2015: -$185,9942015Revenue 2016: $11,848,151Expenses 2016: $9,686,536Net Income 2016: $2,161,6152016Revenue 2017: $12,074,683Expenses 2017: $11,876,339Net Income 2017: $198,3442017Revenue 2018: $21,037,899Expenses 2018: $13,930,695Net Income 2018: $7,107,2042018Revenue 2019: $14,295,556Expenses 2019: $18,922,000Net Income 2019: -$4,626,4442019Revenue 2020: $24,968,671Expenses 2020: $18,055,792Net Income 2020: $6,912,8792020Revenue 2021: $22,673,461Expenses 2021: $21,467,133Net Income 2021: $1,206,3282021Revenue 2022: $41,415,591Expenses 2022: $24,911,282Net Income 2022: $16,504,3092022Revenue 2023: $24,404,799Expenses 2023: $34,500,878Net Income 2023: -$10,096,0792023Revenue 2024: $29,780,330Expenses 2024: $34,115,941Net Income 2024: -$4,335,6112024

Highlighted filing

2017

Revenue$12,074,683
Expenses$11,876,339
Net Income$198,344
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$12,396,684
Mission and Program Overview

Mission

Npower is a national nonprofit that unlocks economic mobility by preparing young adults and military-connected individuals - especially those facing barriers to opportunity - for high-demand careers in the technology sector through tuition-free training, professional mentoring, and job placement support.

Npower is a national nonprofit that creates pathways to economic prosperity by launching digital careers for military veterans and young adults from underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$819,687$2,660,518▲ $1,840,831
Cash and Non-Interest-Bearing Accounts$1,537,017$1,467,870▼ $69,147
Land, Buildings, and Equipment, Net$233,168$512,000▲ $278,832
Accounts Receivable$339,208$494,021▲ $154,813
Prepaid Expenses and Deferred Charges$17,838$21,989▲ $4,151
Savings and Temporary Cash Investments$2,083,896$2,777▼ $2,081,119
Total Assets$5,238,696$5,508,313▲ $269,617
Other Assets Total$207,882$349,138▲ $141,256
Liabilities
Accounts Payable and Accrued Expenses$526,000$552,248▲ $26,248
Deferred Revenue$52,646$97,671▲ $45,025
Total Liabilities$578,646$649,919▲ $71,273
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,114,987$5,285,455▲ $1,170,468
Unrestricted Net Assets$545,063$-427,061▼ $972,124
Total Net Assets Fund Balance$4,660,050$4,858,394▲ $198,344
Total Liabilities and Net Assets / Fund Balance$5,238,696$5,508,313▲ $269,617

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$409,460$152,762$562,222
Leasehold Improvements$102,540$27,414$129,954
Other Assets Org$278,183--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bertina CeccarelliChief Executive OfficerFT$341,815$30,828$372,643
Shannon GibbonsChief Development OfficerFT$191,952$32,267$224,219
Thomas SussmanVP, Finance & Business OperationsFT$162,990$10,050$173,040
Robert VaughnNational Director of Instructor Training & DevelopFT$144,100$16,038$160,138
Robert VaughnNational Director of Instructor Training-$144,100$16,038$160,138
Beatrice TassotExecutive Director New JerseyFT$139,918$20,152$160,070
Cathy MorganExecutive Director MarylandFT$137,815$10,050$147,865
Patrick CohenVP, Strategic PartnershipFT$146,164$1,439$147,603
Melody BrownDirector of Human ResourcesFT$138,460$2,527$140,987

Highest Paid Contractors

ContractorServicesLocationCompensation
Tekmark Global Solutions LLCAccounting/payroll Services100 METROPLEX DR STE 102, Edison, NJ 08817$152,000
The Tns GroupInformation Technology Services3 LANDMARK SQUARE SUITE 600, Stamford, CT 06901$146,357
Revenue and Support

Revenue Composition

Contributions and Grants
$10,918,738
Program Service Revenue
$1,224,311
Investment Income
$4,350
Other Revenue
$-72,716
All Other Contributions
$8,445,151
Change in Net Assets
$198,344

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table12$233,566Cost of Item
Clothing and Household Goods-$32,800Cost of Item
Food Inventory13$7,471Cost of Item
Other Non Cash Contri Table1$4,000Cost of Item
Other Non Cash Contri Table30$2,664Cost of Item
Other Non Cash Contri Table11$250Cost of Item
Works of Art2$170Cost of Item
Books and Publications-$50Cost of Item
Other Non Cash Contri Table1$25Cost of Item
Total Noncash Contributions70$280,996-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,074,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,341,099
Total Revenue per Audited Statements
$13,415,782
Total Revenue per Form 990
$12,074,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,218,361
Other Expenses$2,645,978
Total Fundraising Expense$738,720
Professional Fundraising Fees$12,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,269,689$317,681$399,246$6,986,616
Payroll Taxes$748,690$79,621$51,222$879,533
Current Officers, Directors, Trustees, and Key Employees$298,431$359,362$112,110$769,903
Fees for Services Other$349,730$348,971$61,822$760,523
Other Employee Benefits$514,995$27,695$23,869$566,559
Occupancy$344,695$31,187$22,307$398,189
Information Technology$146,474$41,697$28,841$217,012
Travel$150,341$27,370$18,426$196,137
Depreciation Depletion$92,088$42,980$2,961$138,029
All Other Expenses$67,476$13,942$1,818$83,236
Other Expenses$74,185$3,473$167$77,658
Office Expenses$69,559$6,376$1,713$77,648
Insurance$3,207$49,468-$52,675
Fees for Services Accounting-$29,600-$29,600
Advertising$9,355$13,851$180$23,386
Pension Plan Contributions$14,250$1,500-$15,750
Fees for Services Professional Fundraising--$12,000$12,000
Total Functional Expenses$9,699,956$1,437,663$738,720$11,876,339

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,217,438
Expenses per Audited Statements$11,876,339
Total Expenses per Form 990$11,876,339
Expenses Not Reported on Form 990$1,341,099
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$25,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, But Not the United StatesProgram Services FeeTrademark License Fee00$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$322,001
Fundraising Gross Income$135,812
Professional Fundraising Fees$12,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,628,774$135,812$138,596$-2,784
Total Events$1,628,774$135,812$322,001$-186,189
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The draft form 990 is reviewed in detail by the organizations' officers and the audit committee of the board. The audit committee recommends its approval to the full board. A copy of the form 990 is sent to all board members and the board treasurer presents a summary and recommendation for approval of the board.

Form 990, Part VI, Section B, Line 12C

The vice president, finance & business operations reviews potential conflicts with the affected board member or officer and reaches an agreement on status. If no agreement is reached, the vice president, finance & business operations addresses the matter with the chair or the board-designated member for conflict resolution. The affected member or officer can recuse or be asked to recuse from participation in discussions or votes on the applicable matter. This process was last performed in january 2018.

Form 990, Part VI, Section B, Line 15A

The chair convenes a committee to consider the organization's performance, the performance of the ceo against objectives, the general market conditions and the prospects for the operation. The committee also compares the current ceo's compensation with other nonprofits ceo's compensation and agrees on the amount and nature of compensation (i.e. Salary and bonus). The approved amounts are then forwarded to the vice president, finance & business operations.

Form 990, Part VI, Section C, Line 19

Documents and statements are made available to individuals and organizations upon request, and subject to our determination of their need to know.

Filing and Contact Details

Filer

Filer Name
Npower Inc
EIN
13-4145441
Phone
2125647010
Address
99 WALL STREET NO 350, NEW YORK, NY 10005

Signing Officer

Name
Bertina Ceccarelli
Title
CEO
Phone
2125647010
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bertina Ceccarelli
Formed
2000
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
597
Volunteers
0

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
125 BAYLIS ROAD SUITE 300, MELVILLE, NY 11747
Preparer
Ellen M Labita CPA
Phone
6317527400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Management evaluated the organization's tax positions and concluded that the organization had taken no uncertain tax provisions that require adjustment to the consolidated financial statements to comply with the provisions of financial accounting standards board ("fasb") accounting standards codification ("asc") no. 740, "accounting for uncertainty in income taxes".

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IRS990/ActivityOrMissionDesc0NPOWER IS A NATIONAL NONPROFIT THAT CREATES PATHWAYS TO ECONOMIC PROSPERITY BY LAUNCHING DIGITAL CAREERS FOR MILITARY VETERANS AND YOUNG ADULTS FROM UNDERSERVED COMMUNITIES.
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IRS990/Desc0TECH FUNDAMENTALS IS A 22-WEEK CLASSROOM AND INTERNSHIP TRAINING PROGRAM FOR YOUNG ADULTS BETWEEN THE AGES OF 18 AND 25 AND MILITARY VETERANS THAT RESULTS IN CAREER ENHANCING OPPORTUNITIES INCLUDING JOBS, TECHNICAL CERTIFICATION AND QUALIFICATION FOR HIGHER EDUCATION. IN 2017, THE PROGRAM OPERATED IN NEW YORK (BROOKLYN AND HARLEM), NEW JERSEY (JERSEY CITY), TEXAS (DALLAS), MARYLAND (BALTIMORE), MISSOURI (ST. LOUIS) AND CALIFORNIA (SAN JOSE) AND PROVIDED THE INDUSTRY-RECOGNIZED COMPTIA A+ CERTIFICATION.ADVANCED CERTIFICATIONS ARE ACCELERATED TRAINING PROGRAMS FOR MORE ADVANCED IT COURSEWORK INCLUDING CYBERSECURITY, CODING AND ENTERPRISE SERVICE MANAGEMENT. EACH PROGRAM PATH OFFERS FREE HANDS-ON TRAINING AND IN-DEMAND CERTIFICATIONS DESIGNED TO PREPARE PROGRAM ALUMNI FOR HIGHER WAGE IT JOBS.CYBERSECURITY IS A 26-WEEK CLASSROOM AND INTERNSHIP TRAINING PROGRAM THAT PROVIDES ALL THE TOOLS NEEDED FOR PARTICIPANTS TO LAUNCH A CAREER IN THE FIELD OF CYBERSECURITY. IN 2017, THE PROGRAM OPERATED IN NEW YORK (BROOKLYN) AND TEXAS (DALLAS) AND PROVIDED THE INDUSTRY-RECOGNIZED CYBER SECURITY ANALYST + AND LINUX + CERTIFICATIONS.CODING IS A 12-WEEK CLASSROOM TRAINING PROGRAM THAT PROVIDES THE OPPORTUNITY TO LEARN IN-DEMAND LANGUAGES INCLUDING HTML, CSS, JAVASCRIPT, SQL AND LINUX. IN 2017, THE PROGRAM OPERATED IN TEXAS (DALLAS).ENTERPRISE SERVICE MANAGEMENT IS AN 8-WEEK CLASSROOM TRAINING PROGRAM THAT PROVIDES THE OPPORTUNITY TO EARN IN-DEMAND CERTIFICATIONS INCLUDING ITIL AND SPLUNK. IN 2017, THE PROGRAM OPERATED IN CALIFORNIA (ALAMEDA).APPROXIMATELY 800 YOUNG ADULTS AND MILITARY VETERANS WERE ACCEPTED INTO THE PROGRAMS IN 2017 AND OVER 2,500 GRADUATES PARTICIPATE IN THE ALUMNI NETWORK.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP, FINANCE & BUSINESS OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, STRATEGIC PARTNERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt26NATIONAL DIR OF INSTRUCTOR TRAINING & DEVELOP
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR NEW JERSEY
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR MARYLAND
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$3.37$17.1$29.8$34.1$4.34
2023Detailed filing. Detailed filing data is available for this year.$25.7$4.19$21.5$24.4$34.5$10.1
2022Detailed filing. Detailed filing data is available for this year.$36.7$4.73$32.0$41.4$24.9$16.5
2021Detailed filing. Detailed filing data is available for this year.$16.9$1.41$15.5$22.7$21.5$1.21
2020Detailed filing. Detailed filing data is available for this year.$15.2$0.96$14.3$25.0$18.1$6.91
2019Detailed filing. Detailed filing data is available for this year.$8.55$1.21$7.34$14.3$18.9$4.63
2018Detailed filing. Detailed filing data is available for this year.$12.7$0.73$12.0$21.0$13.9$7.11
2017Detailed filing. Detailed filing data is available for this year.$5.51$0.65$4.86$12.1$11.9$0.20
2016Detailed filing. Detailed filing data is available for this year.$5.24$0.58$4.66$11.8$9.69$2.16
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.52$2.35$6.80$6.99$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.78$0.24$2.54$5.71$5.77$0.06
2013Summary only. Only limited summary data is available for this year.$3.02$0.42$2.60$5.82$6.02$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.85$2.80$7.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.62$2.79$6.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.16$3.09$5.53
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • NTEE S50 • $10M-$25M nonprofits