Civic Intelligence

Poverty Solutions Inc.

990 • Fiscal year 2018 • EIN 27-1916296

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profilepovsol.com
370 Amapola Ave Ste 200ATorrance, CA 90501

(310) 895-1839

Siviq Scores

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

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

15.13x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-2188%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

36th percentile

$2,062

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-60%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$1,218,166

Down $6,343,811 (-84%) from 2016

Net Assets

Down

$722,654

Down $4,980,572 (-87%) from 2016

Liabilities

Down

$495,512

Down $1,363,239 (-73%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$32,753

Down $5,633,564 (-99%) from 2016

Expenses

Down

$749,497

Down $2,622,660 (-78%) from 2016

Net Income

Down

-$716,744

Down $3,010,904 (-131%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$15M$10M$5.0M$0Assets 2016: $7,561,977Liabilities 2016: $1,858,751Net Assets 2016: $5,703,2262016Assets 2018: $1,218,166Liabilities 2018: $495,512Net Assets 2018: $722,6542018Assets 2019: $2,804,865Liabilities 2019: $94,208Net Assets 2019: $2,710,6572019Assets 2020: $3,612,416Liabilities 2020: $873,133Net Assets 2020: $2,739,2832020Assets 2021: $7,314,975Liabilities 2021: $1,915,967Net Assets 2021: $5,399,0082021Assets 2022: $5,234,004Liabilities 2022: $160,824Net Assets 2022: $5,073,1802022Assets 2023: $10,846,692Liabilities 2023: $2,352,178Net Assets 2023: $8,494,5142023

Highlighted filing

2018

Assets$1,218,166
Liabilities$495,512
Net Assets$722,654
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $5,666,317Expenses 2016: $3,372,157Net Income 2016: $2,294,1602016Revenue 2018: $32,753Expenses 2018: $749,497Net Income 2018: -$716,7442018Revenue 2019: $2,592,697Expenses 2019: $622,767Net Income 2019: $1,969,9302019Revenue 2020: $231,611Expenses 2020: $187,985Net Income 2020: $43,6262020Revenue 2021: $4,792,625Expenses 2021: $296,959Net Income 2021: $4,495,6662021Revenue 2022: $1,456,095Expenses 2022: $510,520Net Income 2022: $945,5752022Revenue 2023: $3,825,665Expenses 2023: $627,834Net Income 2023: $3,197,8312023

Highlighted filing

2018

Revenue$32,753
Expenses$749,497
Net Income-$716,744
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$32,753
Mission and Program Overview

Mission

During the twelve months ended 12/31/2016, Poverty Solutions successfully served 12,358 low-income persons needing financial educat EITC tax preparation, job-training, and entrepreneurship development

Poverty Solutions designs and deploys programs that empower lowincome to permanently escape poverty through financial capability training

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,182,825$1,180,218▼ $2,607
Cash and Non-Interest-Bearing Accounts$382,737$34,274▼ $348,463
Savings and Temporary Cash Investments-$2,500-
Land, Buildings, and Equipment, Net$2,320$1,174▼ $1,146
Total Assets$1,567,882$1,218,166▼ $349,716
Liabilities
Unsecured Notes Loans Payable$457,637$457,637→ $0
Accounts Payable and Accrued Expenses-$37,875-
Total Liabilities$457,637$495,512▲ $37,875
Net Assets / Fund Balance
Unrestricted Net Assets$1,110,245$722,654▼ $387,591
Total Net Assets Fund Balance$1,110,245$722,654▼ $387,591
Total Liabilities and Net Assets / Fund Balance$1,567,882$1,218,166▼ $349,716

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,174--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Frank I IgwealorPresident and CEOFT$2,062$2,062

Board Members and Trustees

NameTitle
Ambrose O EgbuonuGoverning Board Chair
Martins NwaegeFinanceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,750
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$32,750
Change in Net Assets
$-716,744

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,378
Salaries, Compensation, and Employee Benefits$372,119
Total Fundraising Expense$1,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$351,440--$351,440
Other Salaries and Wages$330,300$4,460$1,825$336,585
Current Officers, Directors, Trustees, and Key Employees$28,878$1,195-$30,073
Occupancy$17,315--$17,315
Payroll Taxes$5,461--$5,461
Interest$3,578--$3,578
Information Technology$2,889--$2,889
Advertising$1,640--$1,640
Insurance$516--$516
Total Functional Expenses$742,017$5,655$1,825$749,497
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 1A

“There is no difference”

Part VI Line 11B

“Annual evaluation: The governing board meets after the year-end to review”

Part VI Line 11B

“the annual reports of operations of the organization.”

Part VI Line 12C

“P-Solutions has a writen policy to address conflict of interest in its”

Part VI Line 12C

“operations and program. The policy's procedures are strictly adhered to”

Part VI Line 15A or B

“The CEO, the ED, Treasurer and other top level officers.”

Part VI Line 15A or B

“Our directors are volunteers and receive no compensation”

Part VI Line 18

“At our office located at 370 Amapola Ave, Suite 200A, Torrance, CA 90501”

Part VI Line 19

“They are available for public at our office located at 370 Amapola Ave,”

Part VI Line 19

“Suite 200A, Torrance, CA 90501”

Filing and Contact Details

Filer

Filer Name
Poverty Solutions Inc
EIN
27-1916296
In Care Of
% Frank I Igwealor
Phone
3108951839
Address
370 Amapola Ave Ste 200A, Torrance, CA 90501
Doing Business As
CED Capital

Signing Officer

Name
Frank I Igwealor
Title
President and CEO
Phone
3108951839
Signed
2019-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Frank I Igwealor
Formed
2008
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
576

Preparer

Firm
Goldstein Franklin
Address
3699 Wilshire Blvd, Suite 610, Los Angeles, CA 90010
Preparer
Frank I Igwealor
Phone
3108951839
Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt037875
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Poverty Solutions designs and deploys programs that empower lowincome to permanently escape poverty through financial capability training
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt01640
IRS990/AdvertisingGrp/TotalAmt01640
IRS990/AllOtherContributionsAmt032750
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0FRANK I IGWEALOR
IRS990/BooksInCareOfDetail/PhoneNum03108951839
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0370 Amapola Ave Ste 200A
IRS990/BooksInCareOfDetail/USAddress/CityNm0Torrance
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090501
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0382737
IRS990/CashNonInterestBearingGrp/EOYAmt034274
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt01195
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt028878
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt030073
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt032750
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03
IRS990/CYOtherExpensesAmt0377378
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-716744
IRS990/CYSalariesCompEmpBnftPaidAmt0372119
IRS990/CYTotalExpensesAmt0749497
IRS990/CYTotalFundraisingExpenseAmt01825
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt032753
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0P-Solutions matched 175 IDA participants' savings that helped them to become entrepreneurs, purchased their first homes and paid post secondary education tuitions. The matches ranged from $2,000 to $4,000. Additionally, we hosted 26 Empowerment & Economic Opportunities and Financial Literacy Workshops. Lending direct and through wholesale agreements with other lenders (1) Assisted 14 low income families with down payment assistance and home improvement/rehabilitation loans in the amount of $1,206,826 Facilitated 18 small businesses loans. 10 real-estate facilities loans in the total amount of $1,684,408
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0CED Capital
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0351440
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0AMBROSE O EGBUONU
IRS990/Form990PartVIISectionAGrp/PersonNm1MARTINS NWAEGE
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANK I IGWEALOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22062
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Governing Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1FinanceTreasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2President and CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0351440
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt032753
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt02889
IRS990/InformationTechnologyGrp/TotalAmt02889
IRS990/InsuranceGrp/ProgramServicesAmt0516
IRS990/InsuranceGrp/TotalAmt0516
IRS990/InterestGrp/ProgramServicesAmt03578
IRS990/InterestGrp/TotalAmt03578
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02320
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01174
IRS990/LandBldgEquipCostOrOtherBssAmt01174
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0During the year ended 12/31/2018, Poverty Solutions (P-Solutions) successfully served 14,682 low-income persons needing financial education, and entrepreneurship development.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01110245
IRS990/NetAssetsOrFundBalancesEOYAmt0722654
IRS990/NoncashContributionsAmt0330300
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt017315
IRS990/OccupancyGrp/TotalAmt017315
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0IDA Grant
IRS990/OtherExpensesGrp/ProgramServicesAmt0351440
IRS990/OtherExpensesGrp/TotalAmt0351440
IRS990/OtherInd0X
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01825
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04460
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0330300
IRS990/OtherSalariesAndWagesGrp/TotalAmt0336585
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01182825
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01180218
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05461
IRS990/PayrollTaxesGrp/TotalAmt05461
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FRANK I IGWEALOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Low-Income Persons Empowerment Facilitated homebuyer education that benefited 1,648 low-income famili Help 14 low-income adults to pass professional exams for INDEMAND car Helped 48 at-risk youths obtain GED and assisted 33 of them to enroll Train 88 hard-to-employ persons to acquire job-skills and be placed in Processed more than 109,562 phone/email inquiries from low-income pers
IRS990/ProgSrvcAccomActy3Grp/Desc0Veterans Empowerment Assisted 138 veterans with business plan, entrepreneurship, finance Provided 1,206 hours of bookkeeping, accounting, tax, and other techni Facilitated $3.8 million in loans to 26 low-income veteran entrepreneu
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0661764
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0333126
IRS990/PYOtherExpensesAmt0685351
IRS990/PYProgramServiceRevenueAmt08933
IRS990/PYRevenuesLessExpensesAmt0-434048
IRS990/PYSalariesCompEmpBnftPaidAmt086268
IRS990/PYTotalExpensesAmt01104745
IRS990/PYTotalRevenueAmt0670697
IRS990/ReconcilationRevenueExpnssAmt0-716744
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0363053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0661764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01131850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01763215
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0885744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04805626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08933
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0118158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0115506
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0256071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08933
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0118158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0115506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0256071
IRS990ScheduleA/InvestmentIncomeCYPct00.05059
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94941
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04805626
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0363053
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0661764
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01131850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01763215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0885744
IRS990ScheduleA/Total509Grp/TotalAmt04805626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0363056
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0670697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01145321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01881373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01001250
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05061697
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01174
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01174
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01174
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is no difference
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual evaluation: The governing board meets after the year-end to review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the annual reports of operations of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3P-Solutions has a writen policy to address conflict of interest in its
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4operations and program. The policy's procedures are strictly adhered to
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The CEO, the ED, Treasurer and other top level officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Our directors are volunteers and receive no compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7At our office located at 370 Amapola Ave, Suite 200A, Torrance, CA 90501
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8They are available for public at our office located at 370 Amapola Ave,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Suite 200A, Torrance, CA 90501
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01567882
IRS990/TotalAssetsEOYAmt01218166
IRS990/TotalAssetsGrp/BOYAmt01567882
IRS990/TotalAssetsGrp/EOYAmt01218166
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt032750
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01825
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05655
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0742017
IRS990/TotalFunctionalExpensesGrp/TotalAmt0749497
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0457637
IRS990/TotalLiabilitiesEOYAmt0495512
IRS990/TotalLiabilitiesGrp/BOYAmt0457637
IRS990/TotalLiabilitiesGrp/EOYAmt0495512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01110245
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0722654
IRS990/TotalProgramServiceExpensesAmt0351440
IRS990/TotalReportableCompFromOrgAmt02062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032753
IRS990/TotalVolunteersCnt0576
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01567882
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01218166
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01110245
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0722654
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0457637
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0457637
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0370 Amapola Ave Ste 200A
IRS990/USAddress/CityNm0Torrance
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090501
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0povsol.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK I IGWEALOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President and CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03108951839
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Poverty Solutions Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CED Capital
ReturnHeader/Filer/BusinessNameControlTxt0POVE
ReturnHeader/Filer/EIN0271916296
ReturnHeader/Filer/InCareOfNm0% Frank I Igwealor
ReturnHeader/Filer/PhoneNum03108951839
ReturnHeader/Filer/USAddress/AddressLine1Txt0370 Amapola Ave Ste 200A
ReturnHeader/Filer/USAddress/CityNm0Torrance
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090501
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02CCDB1CE98EE9B59152627271278BB01EF1E4486
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02CCDB1CE98EE9B59152627271278BB01EF1E4486
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId096964520193181201714
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.184.151.107
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460988298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Goldstein Franklin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03699 Wilshire Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0Suite 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum03108951839
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK I IGWEALOR
ReturnHeader/ReturnTs02019-11-14T22:53:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,218,166
Liabilities
$495,512
Net assets
$722,654
Revenue
$32,753
Expenses
$749,497
Net income
-$716,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$2.35$8.49$3.83$0.63$3.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.16$5.07$1.46$0.51$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$1.92$5.40$4.79$0.30$4.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.87$2.74$0.23$0.19$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.09$2.71$2.59$0.62$1.97
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.50$0.72$0.03$0.75$0.72
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.56$1.86$5.70$5.67$3.37$2.29