Civic Intelligence

Poverty Solutions Inc.

990 • Fiscal year 2023 • EIN 27-1916296

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 11, 2024

370 Amapola Avenue 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

54th percentile

0.22x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.61x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

96th percentile

107%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

163%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$10,846,692

Up $5,612,688 (+107%) from 2022

Net Assets

Up

$8,494,514

Up $3,421,334 (+67%) from 2022

Liabilities

Up

$2,352,178

Up $2,191,354 (+1363%) from 2022

Revenue

Up

$3,825,665

Up $2,369,570 (+163%) from 2022

Expenses

Up

$627,834

Up $117,314 (+23%) from 2022

Net Income

Up

$3,197,831

Up $2,252,256 (+238%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$10,846,692
Liabilities$2,352,178
Net Assets$8,494,514

Operations Trend

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

2023

Revenue$3,825,665
Expenses$627,834
Net Income$3,197,831
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 11, 2024
Return Version
2023v5.0
Gross Receipts
$3,825,665
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$2,485,526$4,717,988▲ $2,232,462
Cash and Non-Interest-Bearing Accounts$353,637$3,152,591▲ $2,798,954
Accounts Receivable$2,373,953$2,945,076▲ $571,123
Land, Buildings, and Equipment, Net$20,888$31,037▲ $10,149
Total Assets$5,234,004$10,846,692▲ $5,612,688
Liabilities
Mortgage Notes Payable Secured by Investment Property$125,031$2,310,000▲ $2,184,969
Accounts Payable and Accrued Expenses$35,793$35,793→ $0
Unsecured Notes Loans Payable-$6,385-
Total Liabilities$160,824$2,352,178▲ $2,191,354
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,695,656$6,114,490▲ $3,418,834
Net Assets Without Donor Restrictions$2,377,524$2,380,024▲ $2,500
Total Net Assets Fund Balance$5,073,180$8,494,514▲ $3,421,334
Total Liabilities and Net Assets / Fund Balance$5,234,004$10,846,692▲ $5,612,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,037$5,939-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ambrose O EgbuonuChairman
Frank I IgwealorPresident and CEO
Martin NwaegeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,524,165
Program Service Revenue
$301,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,197,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,574
Salaries, Compensation, and Employee Benefits$192,260
Total Fundraising Expense$11,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$221,025--$221,025
Fees for Services Other$173,983$9,531$5,097$188,611
Current Officers, Directors, Trustees, and Key Employees$115,420$7,610$3,805$126,835
Payroll Taxes$37,582$2,478$1,239$41,299
Pension Plan Contributions$20,830$1,373$687$22,890
Fees for Services Management$12,163$802$401$13,366
Fees for Services Legal$6,279$414$207$6,900
Fees for Services Accounting$5,162$340$170$5,672
Other Employee Benefits$1,125$74$37$1,236
Total Functional Expenses$593,569$22,622$11,643$627,834
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 11B

At the year-end, the board members are provided the annual and fin reports

Part VI Line 11B

covering all activities to be reported in the 990 and a 990 draft report

Part VI Line 12C

We use the Conflict of Interest Policies and Procedures to monitor for

Part VI Line 12C

potential and actual conflict and mitigate before transaction has occurred.

Part VI Line 15A or B

CEO, CFO, Directors

Part VI Line 19

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

Part VI Line 1A

None

Part VI Line 1A

The governing board has not delegated broad authority to any executive

Part VI Line 1A

committee or similar committee

Part VI Line 11B

The 990 is prepared and sent to each board member prior to meeting date

Part VI Line 11B

when the governing board meets after the year-end to review and approve.

Part VI Line 12C

We use the Conflict of Interest Policies and Procedures to monitor for

Part VI Line 12C

potential and actual conflict and mitigate before transaction has occurred.

Part VI Line 15A or B

CEO, CFO, Directors

Part VI Line 18

Our facilities at 370 Amapola Ave., Suite 200A, Torrance CA 90501

Part VI Line 19

P-Solutions made public and available to the public upon request

Part VI Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Frank I Igwealor
Title
President and CEO
Phone
3108951839
Signed
2024-06-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Frank I Igwealor
Formed
2008
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
45

Preparer

Firm
Goldstein Franklin
Address
3699 Wilshire Blvd, Suite 610, Los Angeles, CA 90010
Preparer
Frank I Igwealor
Phone
3108951839
Supplemental Narrative

Additional Explanations

Part IX Line 11G

Automobile Expense Total expenses - $2722.00 Program service expenses - $2477.00 Mgmt and general expenses - $163.00 Fundraising expenses - $82.00

Part IX Line 11G

Training/Staff Developmen Total expenses - $43876.00 Program service expenses - $39927.00 Mgmt and general expenses - $2633.00 Fundraising expenses - $1316.00

Part IX Line 11G

Payroll Expenses Total expenses - $5007.00 Program service expenses - $4557.00 Mgmt and general expenses - $300.00 Fundraising expenses - $150.00

Part IX Line 11G

Community Outreach Initia Total expenses - $11052.00 Program service expenses - $10720.00 Mgmt and general expenses - $0.00 Fundraising expenses - $332.00

Part IX Line 11G

Occupancy Total expenses - $42000.00 Program service expenses - $38220.00 Mgmt and general expenses - $2520.00 Fundraising expenses - $1260.00

Part IX Line 11G

Parking, Utilities Others Total expenses - $3734.00 Program service expenses - $3398.00 Mgmt and general expenses - $224.00 Fundraising expenses - $112.00

Part IX Line 11G

Insurance -Health, Others Total expenses - $50226.00 Program service expenses - $45705.00 Mgmt and general expenses - $3014.00 Fundraising expenses - $1507.00

Part IX Line 11G

Real Estate Services Total expenses - $18707.00 Program service expenses - $18707.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Office Supplies Total expenses - $4747.00 Program service expenses - $4320.00 Mgmt and general expenses - $285.00 Fundraising expenses - $142.00

Part IX Line 11G

All others Total expenses - $6540.00 Program service expenses - $5952.00 Mgmt and general expenses - $392.00 Fundraising expenses - $196.00

Part XII Line 2C

The organization did not change its oversight process or selection

Part XII Line 2C

process during 2023

Part XII Line 3B

Poverty Solutions is currently going through the required annual audit

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IRS990/Desc0Entrepreneurship Development Training Managed 45 (legal and finance experts) volunteers, who spent 6,315 hours in our Civic Entrepreneurship, Small Business Accounting Seminars, and our Financial Literacy Classes. Capacity Building Technical Assistance: (1) Assisted 61 nonprofits needing accounting, audit and other technical assistance, helping 33 with strategic planning, budgeting, and compliance reviews; (2) Conducted 208 financial needs and technical capacity assessments for community-based nonprofits ? helping 29 of the participants to boost revenue; (3) Assisted 58 small businesses with strategic ?planning; and (4) Conducted 228 bookkeeping and budget projections.
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0301500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0301500
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04046690
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt025
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00001
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0301500
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.87080
IRS990ScheduleA/PublicSupportPY509Pct00.99999
IRS990ScheduleA/PublicSupportTotal509Amt06981341
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04046690
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02416265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0169639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0342697
IRS990ScheduleA/Total509Grp/TotalAmt06981341
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04046690
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02416290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0169639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0342697
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06981366
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031037
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05939
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt036976
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031037
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0At the year-end, the board members are provided the annual and fin reports
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1covering all activities to be reported in the 990 and a 990 draft report
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We use the Conflict of Interest Policies and Procedures to monitor for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3potential and actual conflict and mitigate before transaction has occurred.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CEO, CFO, Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5They are available for public at our office located at 370 Amapola Ave
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Automobile Expense Total expenses - $2722.00 Program service expenses - $2477.00 Mgmt and general expenses - $163.00 Fundraising expenses - $82.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Training/Staff Developmen Total expenses - $43876.00 Program service expenses - $39927.00 Mgmt and general expenses - $2633.00 Fundraising expenses - $1316.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Payroll Expenses Total expenses - $5007.00 Program service expenses - $4557.00 Mgmt and general expenses - $300.00 Fundraising expenses - $150.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Community Outreach Initia Total expenses - $11052.00 Program service expenses - $10720.00 Mgmt and general expenses - $0.00 Fundraising expenses - $332.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Occupancy Total expenses - $42000.00 Program service expenses - $38220.00 Mgmt and general expenses - $2520.00 Fundraising expenses - $1260.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Parking, Utilities Others Total expenses - $3734.00 Program service expenses - $3398.00 Mgmt and general expenses - $224.00 Fundraising expenses - $112.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Insurance -Health, Others Total expenses - $50226.00 Program service expenses - $45705.00 Mgmt and general expenses - $3014.00 Fundraising expenses - $1507.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Real Estate Services Total expenses - $18707.00 Program service expenses - $18707.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Office Supplies Total expenses - $4747.00 Program service expenses - $4320.00 Mgmt and general expenses - $285.00 Fundraising expenses - $142.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15All others Total expenses - $6540.00 Program service expenses - $5952.00 Mgmt and general expenses - $392.00 Fundraising expenses - $196.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16None
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17The governing board has not delegated broad authority to any executive
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18committee or similar committee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19The 990 is prepared and sent to each board member prior to meeting date
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20when the governing board meets after the year-end to review and approve.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21We use the Conflict of Interest Policies and Procedures to monitor for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22potential and actual conflict and mitigate before transaction has occurred.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23CEO, CFO, Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Our facilities at 370 Amapola Ave., Suite 200A, Torrance CA 90501
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25P-Solutions made public and available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26They are available for public at our office located at 370 Amapola Ave
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27The organization did not change its oversight process or selection
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28process during 2023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29Poverty Solutions is currently going through the required annual audit
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Part VI Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Part VI Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Part VI Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Part VI Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Part XII Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28Part XII Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc29Part XII Line 3b
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05234004
IRS990/TotalAssetsEOYAmt010846692
IRS990/TotalAssetsGrp/BOYAmt05234004
IRS990/TotalAssetsGrp/EOYAmt010846692
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03524165
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011643
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022622
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0593569
IRS990/TotalFunctionalExpensesGrp/TotalAmt0627834
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0160824
IRS990/TotalLiabilitiesEOYAmt02352178
IRS990/TotalLiabilitiesGrp/BOYAmt0160824
IRS990/TotalLiabilitiesGrp/EOYAmt02352178
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05073180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08494514
IRS990/TotalProgramServiceExpensesAmt0622668
IRS990/TotalProgramServiceRevenueAmt0301500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03825665
IRS990/TotalVolunteersCnt045
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010846692
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt06385
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0370 Amapola Avenue Ste 200A
IRS990/USAddress/CityNm0Torrance
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090501
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0Povsol.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK I IGWEALOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President and CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03108951839
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Poverty Solutions Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CED Capital
ReturnHeader/Filer/BusinessNameControlTxt0POVE
ReturnHeader/Filer/EIN0271916296

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