Civic Intelligence

Power Foundation Inc.

990 • Fiscal year 2015 • EIN 27-3284156

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 09, 2016

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

73rd percentile

0.38x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.53x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$26,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

95th percentile

102%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

94%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$2,120,439

Up $1,070,592 (+102%) from 2014

Net Assets

Up

$1,316,743

Up $787,857 (+149%) from 2014

Liabilities

Up

$803,696

Up $282,735 (+54%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin92nd percentile

Revenue

Up

$1,521,181

Up $735,736 (+94%) from 2014

Expenses

Up

$732,667

Up $293,097 (+67%) from 2014

Net Income

Up

$788,514

Up $442,639 (+128%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2015

Assets$2,120,439
Liabilities$803,696
Net Assets$1,316,743
Open 2015 Filing

Operations Trend

Revenue Growth93rd 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

2015

Revenue$1,521,181
Expenses$732,667
Net Income$788,514
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,521,181
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$342,326$1,304,826▲ $962,500
Land, Buildings, and Equipment, Net$683,771$766,975▲ $83,204
Cash and Non-Interest-Bearing Accounts$17,723$40,449▲ $22,726
Accounts Receivable-$2,162-
Total Assets$1,049,847$2,120,439▲ $1,070,592
Other Assets Total$6,027$6,027→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$381,057$501,057▲ $120,000
Unsecured Notes Loans Payable$139,904$302,639▲ $162,735
Total Liabilities$520,961$803,696▲ $282,735
Net Assets / Fund Balance
Unrestricted Net Assets$528,886$1,316,743▲ $787,857
Total Net Assets Fund Balance$528,886$1,316,743▲ $787,857
Total Liabilities and Net Assets / Fund Balance$1,049,847$2,120,439▲ $1,070,592

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$428,104$214,923$643,027
Buildings$217,169$22,223$239,392
Land$119,000-$119,000
Leasehold Improvements$2,702$103$2,805
Other Assets Org$6,027--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth K McClureDirectorFT$26,000$26,000

Board Members and Trustees

NameTitle
John R McClure JrPresident
Christopher DavisDirector
Eric WoodDirector
Carolyn L RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,134,615
Program Service Revenue
$386,566
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,134,615
Change in Net Assets
$788,514

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$800,000Fmw
Total Noncash Contributions1$800,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$596,561
Salaries, Compensation, and Employee Benefits$134,193
Grants and Similar Amounts Paid$1,913
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$308,658--$308,658
Other Salaries and Wages$119,083--$119,083
Fees for Services Other$90,189--$90,189
Depreciation Depletion$79,066--$79,066
Occupancy$38,521--$38,521
Office Expenses$19,952--$19,952
Fees for Services Legal$17,286$2,000-$19,286
Advertising$18,189--$18,189
Payroll Taxes$10,384--$10,384
Information Technology$9,128--$9,128
Interest$5,323--$5,323
Other Employee Benefits$4,726--$4,726
Insurance$4,429--$4,429
Fees for Services Accounting$731$3,089-$3,820
Grants to Domestic Orgs$1,913--$1,913
Total Functional Expenses$727,578$5,089$0$732,667
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 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

“John R. McClure, Jr. and Elizabeth K. McClure are married. John R. McClure, Jr. and Carolyn L. Robinson are siblings.”

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
John R McClure Jr
Title
President
Phone
8646762171
Signed
2016-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John R McClure Jr
Formed
2010
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
3
Employees
6

Preparer

Firm
Cheryl L Borum CPA PA
Address
201 W Stone Ave Ste 300, Greenville, SC 29609
Preparer
Cheryl L Borum
Phone
8642335070
Supplemental Narrative

Additional Explanations

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

“Match depreciation list with books = -657”

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

“Fees paid for network contract services = 90,189”

Raw XML Appendix370 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.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0119000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02702
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0103
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02805
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06027
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0766975
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06027
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/IntellectualPropertyGrp/ContributionCnt01
IRS990ScheduleM/IntellectualPropertyGrp/MethodOfDeterminingRevenuesTxt0FMW
IRS990ScheduleM/IntellectualPropertyGrp/NonCashCheckboxInd0X
IRS990ScheduleM/IntellectualPropertyGrp/NoncashContributionsRptF990Amt0800000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0John R. McClure, Jr. and Elizabeth K. McClure are married. John R. McClure, Jr. and Carolyn L. Robinson are siblings.
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/ExplanationTxt5Match depreciation list with books = -657
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fees paid for network contract services = 90,189
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/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01049847
IRS990/TotalAssetsEOYAmt02120439
IRS990/TotalAssetsGrp/BOYAmt01049847
IRS990/TotalAssetsGrp/EOYAmt02120439
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01134615
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05089
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0727578
IRS990/TotalFunctionalExpensesGrp/TotalAmt0732667
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0520961
IRS990/TotalLiabilitiesEOYAmt0803696
IRS990/TotalLiabilitiesGrp/BOYAmt0520961
IRS990/TotalLiabilitiesGrp/EOYAmt0803696
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0528886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01316743
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0727578
IRS990/TotalProgramServiceRevenueAmt0386566
IRS990/TotalReportableCompFromOrgAmt026000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0386566
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01521181
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01049847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02120439
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0528886
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01316743
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0139904
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0302639
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 Woodsmoke Ct
IRS990/USAddress/CityNm0Greenville
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029607
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John R McClure Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08646762171
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-09
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/AddressLine1Txt0201 W Stone Ave Ste 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029609
ReturnHeader/PreparerPersonGrp/PhoneNum08642335070
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl L Borum
ReturnHeader/ReturnTs02016-03-11T12:21:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,120,439
Liabilities
$803,696
Net assets
$1,316,743
Revenue
$1,521,181
Expenses
$732,667
Net income
$788,514
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