Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Liabilities / Revenue
71st percentile
Higher debt load relative to revenue than 71% of similar nonprofits.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
14th percentile
Higher top officer pay than 14% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
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
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $31,037 | $5,939 | - |
| Name | Title |
|---|---|
| Ambrose O Egbuonu | Chairman |
| Frank I Igwealor | President and CEO |
| Martin Nwaege | Director |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“At the year-end, the board members are provided the annual and fin reports”
“covering all activities to be reported in the 990 and a 990 draft report”
“We use the Conflict of Interest Policies and Procedures to monitor for”
“potential and actual conflict and mitigate before transaction has occurred.”
“CEO, CFO, Directors”
“They are available for public at our office located at 370 Amapola Ave”
“None”
“The governing board has not delegated broad authority to any executive”
“committee or similar committee”
“The 990 is prepared and sent to each board member prior to meeting date”
“when the governing board meets after the year-end to review and approve.”
“We use the Conflict of Interest Policies and Procedures to monitor for”
“potential and actual conflict and mitigate before transaction has occurred.”
“CEO, CFO, Directors”
“Our facilities at 370 Amapola Ave., Suite 200A, Torrance CA 90501”
“P-Solutions made public and available to the public upon request”
“They are available for public at our office located at 370 Amapola Ave”
“Automobile Expense Total expenses - $2722.00 Program service expenses - $2477.00 Mgmt and general expenses - $163.00 Fundraising expenses - $82.00”
“Training/Staff Developmen Total expenses - $43876.00 Program service expenses - $39927.00 Mgmt and general expenses - $2633.00 Fundraising expenses - $1316.00”
“Payroll Expenses Total expenses - $5007.00 Program service expenses - $4557.00 Mgmt and general expenses - $300.00 Fundraising expenses - $150.00”
“Community Outreach Initia Total expenses - $11052.00 Program service expenses - $10720.00 Mgmt and general expenses - $0.00 Fundraising expenses - $332.00”
“Occupancy Total expenses - $42000.00 Program service expenses - $38220.00 Mgmt and general expenses - $2520.00 Fundraising expenses - $1260.00”
“Parking, Utilities Others Total expenses - $3734.00 Program service expenses - $3398.00 Mgmt and general expenses - $224.00 Fundraising expenses - $112.00”
“Insurance -Health, Others Total expenses - $50226.00 Program service expenses - $45705.00 Mgmt and general expenses - $3014.00 Fundraising expenses - $1507.00”
“Real Estate Services Total expenses - $18707.00 Program service expenses - $18707.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”
“Office Supplies Total expenses - $4747.00 Program service expenses - $4320.00 Mgmt and general expenses - $285.00 Fundraising expenses - $142.00”
“All others Total expenses - $6540.00 Program service expenses - $5952.00 Mgmt and general expenses - $392.00 Fundraising expenses - $196.00”
“The organization did not change its oversight process or selection”
“process during 2023”
“Poverty Solutions is currently going through the required annual audit”
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/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 35793 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 35793 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2373953 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 2945076 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | Poverty Solutions designs and deploys programs that empower lowincome to permanently escape poverty through financial capability training |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | FRANK I IGWEALOR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3108951839 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 370 Amapola Avenue Ste 200A |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Torrance |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 90501 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 353637 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3152591 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 3805 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 7610 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 115420 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 126835 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3524165 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 435574 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 301500 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 3197831 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 192260 |
| IRS990/CYTotalExpensesAmt | 0 | 627834 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 11643 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3825665 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | Entrepreneurship 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. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | CED Capital |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2695656 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 6114490 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExcsTaxSect4951Or4952Or4953Ind | 0 | false |
| IRS990/ExpenseAmt | 0 | 273489 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 170 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 340 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 5162 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 5672 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 207 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 414 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 6279 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6900 |
| IRS990/FeesForServicesManagementGrp/FundraisingAmt | 0 | 401 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 802 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 12163 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 13366 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 5097 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 9531 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 173983 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 188611 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | FRANK I IGWEALOR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MARTIN NWAEGE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | AMBROSE O EGBUONU |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President and CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Chairman |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 2008 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 3524165 |
| IRS990/GrantAmt | 0 | 221025 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 3825665 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 5939 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 20888 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 31037 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 36976 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | During the year ended 12/31/2023, Poverty Solutions (P-Solutions) successfully served 17,380 low-income persons needing financial education, and entrepreneurship development. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 125031 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 2310000 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5073180 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8494514 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2377524 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2380024 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 37 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 74 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 1125 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1236 |
| IRS990/OtherExpensesGrp/Desc | 0 | Entrepreneurship Developmnt |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 221025 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 221025 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 2485526 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4717988 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1239 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2478 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 37582 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 41299 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 687 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 1373 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 20830 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 22890 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | FRANK I IGWEALOR |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522200 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Small Business Lending |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 301500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 301500 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Assisted 45 low-income families with down-payment assistance and home improvement/rehabilitation loans; Facilitated 97 small business loans as follows: (a) 21 real-estate facilities loans; (b) 19 equipment-loans, (c) 27 business expansion loans including 17 healthy-food expansion into food deserts. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 241249 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 219536 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 21712 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Financial Literacy Hosted 28 Empowerment & Economic Opportunities Workshops Served 17,380 low-income persons needing financial literacy training Homeownership education, and entrepreneurship development. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 107930 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 98216 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 9741 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 6050 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 76204 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1450045 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 945575 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 434316 |
| IRS990/PYTotalExpensesAmt | 0 | 510520 |
| IRS990/PYTotalRevenueAmt | 0 | 1456095 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 3197831 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 52464 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3524165 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6050 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2416265 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 169629 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 342697 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 3524165 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6050 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2416265 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 169639 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 342697 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 6458816 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt | 0 | 221025 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt | 0 | 221025 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 221025 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 25 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 25 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 301500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 301500 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 4046690 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 25 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00001 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 301500 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87080 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99999 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 6981341 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 4046690 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6050 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2416265 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 169639 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 342697 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 6981341 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 4046690 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 6050 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2416290 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 169639 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 342697 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 6981366 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | false |
| IRS990ScheduleD/DisclosedForCharitablePrpsInd | 0 | false |
| IRS990ScheduleD/DisclosedOrgLegCtrlInd | 0 | false |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 31037 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 5939 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 36976 |
| IRS990ScheduleD/Section170hRqrStsfdInd | 0 | false |
| IRS990ScheduleD/SolicitedAssetsSaleInd | 0 | false |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 31037 |
| IRS990ScheduleD/WrittenPolicyMonitoringInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | At the year-end, the board members are provided the annual and fin reports |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | covering all activities to be reported in the 990 and a 990 draft report |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | We use the Conflict of Interest Policies and Procedures to monitor for |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | potential and actual conflict and mitigate before transaction has occurred. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CEO, CFO, Directors |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | They are available for public at our office located at 370 Amapola Ave |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Automobile Expense Total expenses - $2722.00 Program service expenses - $2477.00 Mgmt and general expenses - $163.00 Fundraising expenses - $82.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Training/Staff Developmen Total expenses - $43876.00 Program service expenses - $39927.00 Mgmt and general expenses - $2633.00 Fundraising expenses - $1316.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Payroll Expenses Total expenses - $5007.00 Program service expenses - $4557.00 Mgmt and general expenses - $300.00 Fundraising expenses - $150.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Community Outreach Initia Total expenses - $11052.00 Program service expenses - $10720.00 Mgmt and general expenses - $0.00 Fundraising expenses - $332.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Occupancy Total expenses - $42000.00 Program service expenses - $38220.00 Mgmt and general expenses - $2520.00 Fundraising expenses - $1260.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Parking, Utilities Others Total expenses - $3734.00 Program service expenses - $3398.00 Mgmt and general expenses - $224.00 Fundraising expenses - $112.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Insurance -Health, Others Total expenses - $50226.00 Program service expenses - $45705.00 Mgmt and general expenses - $3014.00 Fundraising expenses - $1507.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Real Estate Services Total expenses - $18707.00 Program service expenses - $18707.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Office Supplies Total expenses - $4747.00 Program service expenses - $4320.00 Mgmt and general expenses - $285.00 Fundraising expenses - $142.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | All others Total expenses - $6540.00 Program service expenses - $5952.00 Mgmt and general expenses - $392.00 Fundraising expenses - $196.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | None |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | The governing board has not delegated broad authority to any executive |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | committee or similar committee |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | The 990 is prepared and sent to each board member prior to meeting date |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 20 | when the governing board meets after the year-end to review and approve. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 21 | We use the Conflict of Interest Policies and Procedures to monitor for |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 22 | potential and actual conflict and mitigate before transaction has occurred. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 23 | CEO, CFO, Directors |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 24 | Our facilities at 370 Amapola Ave., Suite 200A, Torrance CA 90501 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 25 | P-Solutions made public and available to the public upon request |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 26 | They are available for public at our office located at 370 Amapola Ave |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 27 | The organization did not change its oversight process or selection |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 28 | process during 2023 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 29 | Poverty Solutions is currently going through the required annual audit |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI Line 15a or b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Part IX Line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Part VI Line 1a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Part VI Line 1a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Part VI Line 1a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 20 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 21 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 22 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 23 | Part VI Line 15a or b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 24 | Part VI Line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 25 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 26 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 27 | Part XII Line 2c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 28 | Part XII Line 2c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 29 | Part XII Line 3b |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 5234004 |
| IRS990/TotalAssetsEOYAmt | 0 | 10846692 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 5234004 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 10846692 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 3524165 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 11643 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 22622 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 593569 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 627834 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 160824 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 2352178 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 160824 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 2352178 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 5073180 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 8494514 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 622668 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 301500 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 301500 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3825665 |
| IRS990/TotalVolunteersCnt | 0 | 45 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 5234004 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 10846692 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 6385 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 370 Amapola Avenue Ste 200A |
| IRS990/USAddress/CityNm | 0 | Torrance |
| IRS990/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/USAddress/ZIPCd | 0 | 90501 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | Povsol.com |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FRANK I IGWEALOR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President and CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3108951839 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-06-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Poverty Solutions Inc |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CED Capital |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | POVE |
| ReturnHeader/Filer/EIN | 0 | 271916296 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.