Civic Intelligence

Power Foundation Inc.

990 • Fiscal year 2021 • EIN 27-3284156

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 18, 2022

Organization Profile
106 Assembly DrPiedmont, SC 29673

(864) 676-2171

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$2,773,175

Up $382,980 (+16%) from 2020

Net Assets

Up

$2,665,203

Up $563,693 (+27%) from 2020

Liabilities

Down

$107,972

Down $180,713 (-63%) from 2020

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin74th percentile

Revenue

Down

$1,686,399

Down $239,774 (-12%) from 2020

Expenses

Up

$1,172,906

Up $3,155 (+0.3%) from 2020

Net Income

Down

$513,493

Down $242,929 (-32%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $564,071Liabilities 2013: $381,057Net Assets 2013: $183,0142013Assets 2014: $1,049,847Liabilities 2014: $520,961Net Assets 2014: $528,8862014Assets 2015: $2,120,439Liabilities 2015: $803,696Net Assets 2015: $1,316,7432015Assets 2016: $2,336,520Liabilities 2016: $1,122,394Net Assets 2016: $1,214,1262016Assets 2017: $2,213,400Liabilities 2017: $1,042,356Net Assets 2017: $1,171,0442017Assets 2018: $2,375,741Liabilities 2018: $1,206,400Net Assets 2018: $1,169,3412018Assets 2019: $2,503,035Liabilities 2019: $1,157,947Net Assets 2019: $1,345,0882019Assets 2020: $2,390,195Liabilities 2020: $288,685Net Assets 2020: $2,101,5102020Assets 2021: $2,773,175Liabilities 2021: $107,972Net Assets 2021: $2,665,2032021Assets 2022: $2,667,749Liabilities 2022: $4,677Net Assets 2022: $2,663,0722022Assets 2023: $2,581,863Liabilities 2023: $21,404Net Assets 2023: $2,560,4592023Assets 2024: $2,620,811Liabilities 2024: $26,604Net Assets 2024: $2,594,2072024

Highlighted filing

2021

Assets$2,773,175
Liabilities$107,972
Net Assets$2,665,203
Open 2021 Filing

Operations Trend

Revenue Growth18th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $356,165Expenses 2013: $374,793Net Income 2013: -$18,6282013Revenue 2014: $785,445Expenses 2014: $439,570Net Income 2014: $345,8752014Revenue 2015: $1,521,181Expenses 2015: $732,667Net Income 2015: $788,5142015Revenue 2016: $854,434Expenses 2016: $957,051Net Income 2016: -$102,6172016Revenue 2017: $946,668Expenses 2017: $989,750Net Income 2017: -$43,0822017Revenue 2018: $1,028,130Expenses 2018: $1,029,833Net Income 2018: -$1,7032018Revenue 2019: $1,211,021Expenses 2019: $1,067,736Net Income 2019: $143,2852019Revenue 2020: $1,926,173Expenses 2020: $1,169,751Net Income 2020: $756,4222020Revenue 2021: $1,686,399Expenses 2021: $1,172,906Net Income 2021: $513,4932021Revenue 2022: $1,287,874Expenses 2022: $1,290,005Net Income 2022: -$2,1312022Revenue 2023: $1,176,097Expenses 2023: $1,278,710Net Income 2023: -$102,6132023Revenue 2024: $1,203,850Expenses 2024: $1,168,901Net Income 2024: $34,9492024

Highlighted filing

2021

Revenue$1,686,399
Expenses$1,172,906
Net Income$513,493
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 18, 2022
Return Version
2021v4.2
Gross Receipts
$1,686,399
Mission and Program Overview

Mission

Supporting the development and sustainment of Christian radio broadcasting. The organizaion has constructed a network of radio stations to broadcast Christian content under the name The Life FM.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$1,749,271$1,869,271▲ $120,000
Land, Buildings, and Equipment, Net$537,816$465,791▼ $72,025
Savings and Temporary Cash Investments$13,526$336,139▲ $322,613
Cash and Non-Interest-Bearing Accounts$59,418$57,910▼ $1,508
Accounts Receivable$27,062$40,962▲ $13,900
Total Assets$2,390,195$2,773,175▲ $382,980
Other Assets Total$3,102$3,102→ $0
Liabilities
Accounts Payable and Accrued Expenses$53,232$51,027▼ $2,205
Unsecured Notes Loans Payable$199,700$44,426▼ $155,274
Mortgage Notes Payable Secured by Investment Property$35,753$12,519▼ $23,234
Total Liabilities$288,685$107,972▼ $180,713
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,101,510$2,665,203▲ $563,693
Total Net Assets Fund Balance$2,101,510$2,665,203▲ $563,693
Total Liabilities and Net Assets / Fund Balance$2,390,195$2,773,175▲ $382,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$227,326$697,623$924,949
Buildings$196,278$68,195$264,473
Land$40,000-$40,000
Leasehold Improvements$2,187$1,458$3,645
Other Assets Org$3,102--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jim RobinsonPresident
Elizabeth K McClureDirector
Mark McClureDirector
Carolyn RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,101,086
Program Service Revenue
$581,293
Investment Income
$0
Other Revenue
$4,020
All Other Contributions
$1,101,086
Change in Net Assets
$513,493

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Intellectual Property1$120,000Fair market value
Total Noncash Contributions1$120,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$874,034
Salaries, Compensation, and Employee Benefits$298,872
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$391,319--$391,319
Other Salaries and Wages$285,362--$285,362
Advertising$129,573--$129,573
Fees for Services Other$120,499--$120,499
Occupancy$93,821--$93,821
Depreciation Depletion$80,175--$80,175
Office Expenses$23,378--$23,378
Payroll Taxes$13,510--$13,510
Insurance$12,205--$12,205
Information Technology$10,779--$10,779
Fees for Services Accounting$4,971$1,000-$5,971
Travel$4,796--$4,796
Fees for Services Legal$1,000$518-$1,518
Total Functional Expenses$1,171,388$1,518$0$1,172,906
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Jim Robinson and Carolyn L. Robinson are married.”

Form 990 governing body review Part VI line 11

“The tax return is reviewed prior to submission.”

CEO executive director top management comp Part VI line 15A

“The Board determines officer compensation and benefits package annually.”

Other officer or key employee compensation Part VI line 15B

“The Board determines officer compensation and benefits package annually.”

Governing documents etc available to public Part VI line 19

“The income tax return is made available to the public.”

Filing and Contact Details

Filer

Filer Name
The Power Foundation
EIN
27-3284156
Address
106 Assembly Dr, Piedmont, SC 29673

Signing Officer

Name
Jim Robinson
Title
President
Signed
2022-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Robinson
Formed
2010
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
3
Employees
7

Preparer

Firm
Cheryl L Borum CPA PA
Address
862 S Pleasantburg Dr Ste E, Greenville, SC 29607
Preparer
Cheryl L Borum
Phone
8642335070
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“PPP advance forgiven = 50,200.”

List of other fees for services expenses Part IX line 11G

“Fees paid for network contract services = 101,821.”

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

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01211021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01028130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0946668
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06794371
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/BuildingsGrp/BookValueAmt0196278
IRS990ScheduleD/BuildingsGrp/DepreciationAmt068195
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0264473
IRS990ScheduleD/EquipmentGrp/BookValueAmt0227326
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0697623
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0924949
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02187
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01458
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03645
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03102
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0465791
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03102
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt01
IRS990ScheduleM/IntellectualPropertyGrp/ContributionCnt01
IRS990ScheduleM/IntellectualPropertyGrp/MethodOfDeterminingRevenuesTxt0Fair market value
IRS990ScheduleM/IntellectualPropertyGrp/NonCashCheckboxInd0X
IRS990ScheduleM/IntellectualPropertyGrp/NoncashContributionsRptF990Amt0120000
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0WLFW licence and permit
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jim Robinson and Carolyn L. Robinson are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The tax return is reviewed prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board determines officer compensation and benefits package annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board determines officer compensation and benefits package annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The income tax return is made available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PPP advance forgiven = 50,200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fees paid for network contract services = 101,821.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02390195
IRS990/TotalAssetsEOYAmt02773175
IRS990/TotalAssetsGrp/BOYAmt02390195
IRS990/TotalAssetsGrp/EOYAmt02773175
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01101086
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01171388
IRS990/TotalFunctionalExpensesGrp/TotalAmt01172906
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0288685
IRS990/TotalLiabilitiesEOYAmt0107972
IRS990/TotalLiabilitiesGrp/BOYAmt0288685
IRS990/TotalLiabilitiesGrp/EOYAmt0107972
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02101510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02665203
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01171388
IRS990/TotalProgramServiceRevenueAmt0581293
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0581293
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01686399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02390195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02773175
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04796
IRS990/TravelGrp/TotalAmt04796
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0199700
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt044426
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0202 Summerset Forest Ln
IRS990/USAddress/CityNm0Simpsonville
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029681
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jim Robinson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Power Foundation
ReturnHeader/Filer/BusinessNameControlTxt0POWE
ReturnHeader/Filer/EIN0273284156
ReturnHeader/Filer/USAddress/AddressLine1Txt0106 Assembly Dr
ReturnHeader/Filer/USAddress/CityNm0Piedmont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029673
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571095870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cheryl L Borum CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0862 S Pleasantburg Dr Ste E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029607
ReturnHeader/PreparerPersonGrp/PhoneNum08642335070
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl L Borum
ReturnHeader/ReturnTs02022-05-03T09:08:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Robinson
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,773,175
Liabilities
$107,972
Net assets
$2,665,203
Revenue
$1,686,399
Expenses
$1,172,906
Net income
$513,493
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.03$2.59$1.20$1.17$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.58$0.02$2.56$1.18$1.28$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.66$1.29$1.29$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.77$0.11$2.67$1.69$1.17$0.51
2020Detailed filing. Detailed filing data is available for this year.$2.39$0.29$2.10$1.93$1.17$0.76
2019Detailed filing. Detailed filing data is available for this year.$2.50$1.16$1.35$1.21$1.07$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.38$1.21$1.17$1.03$1.03$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.21$1.04$1.17$0.95$0.99$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.34$1.12$1.21$0.85$0.96$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.12$0.80$1.32$1.52$0.73$0.79
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.52$0.53$0.79$0.44$0.35
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.38$0.18$0.36$0.37$0.02