Civic Intelligence

Power Foundation Inc.

990 • Fiscal year 2019 • EIN 27-3284156

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 30, 2020

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

80th percentile

0.46x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.96x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$27,851

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,503,035

Up $127,294 (+5.4%) from 2018

Net Assets

Up

$1,345,088

Up $175,747 (+15%) from 2018

Liabilities

Down

$1,157,947

Down $48,453 (-4.0%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin68th percentile

Revenue

Up

$1,211,021

Up $182,891 (+18%) from 2018

Expenses

Up

$1,067,736

Up $37,903 (+3.7%) from 2018

Net Income

Up

$143,285

Up $144,988 (+8514%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2019

Assets$2,503,035
Liabilities$1,157,947
Net Assets$1,345,088
Open 2019 Filing

Operations Trend

Revenue Growth72nd 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

2019

Revenue$1,211,021
Expenses$1,067,736
Net Income$143,285
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 30, 2020
Return Version
2019v5.1
Gross Receipts
$1,211,021
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$1,569,826$1,569,826→ $0
Land, Buildings, and Equipment, Net$723,483$673,889▼ $49,594
Savings and Temporary Cash Investments-$200,000-
Accounts Receivable$46,010$39,667▼ $6,343
Cash and Non-Interest-Bearing Accounts$33,320$16,551▼ $16,769
Total Assets$2,375,741$2,503,035▲ $127,294
Other Assets Total$3,102$3,102→ $0
Liabilities
Unsecured Notes Loans Payable$979,757$1,055,257▲ $75,500
Accounts Payable and Accrued Expenses$92,538$56,701▼ $35,837
Mortgage Notes Payable Secured by Investment Property$134,105$45,989▼ $88,116
Total Liabilities$1,206,400$1,157,947▼ $48,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,169,341$1,345,088▲ $175,747
Total Net Assets Fund Balance$1,169,341$1,345,088▲ $175,747
Total Liabilities and Net Assets / Fund Balance$2,375,741$2,503,035▲ $127,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$341,545$542,819$884,364
Buildings$210,699$53,774$264,473
Land$119,000-$119,000
Leasehold Improvements$2,645$1,000$3,645
Other Assets Org$3,102--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth K McClureDirectorFT$27,851$27,851

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$759,540
Program Service Revenue
$445,779
Investment Income
$2
Other Revenue
$5,700
All Other Contributions
$759,540
Change in Net Assets
$143,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$766,750
Salaries, Compensation, and Employee Benefits$273,371
Grants and Similar Amounts Paid$27,615
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$233,124--$233,124
Occupancy$203,067--$203,067
Other Expenses$157,314--$157,314
Depreciation Depletion$86,887--$86,887
Information Technology$81,587--$81,587
Fees for Services Other$80,461--$80,461
Advertising$57,387--$57,387
Office Expenses$29,957--$29,957
Current Officers, Directors, Trustees, and Key Employees$27,851--$27,851
Grants to Domestic Orgs$27,615--$27,615
Royalties$23,463--$23,463
Interest$20,501--$20,501
Payroll Taxes$12,396--$12,396
Fees for Services Legal$7,315$2,000-$9,315
Insurance$8,698--$8,698
Travel$7,056--$7,056
Fees for Services Accounting$257$800-$1,057
Total Functional Expenses$1,064,936$2,800$0$1,067,736
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

“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
Signed
2020-04-30
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
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

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

“Fees paid for network contract services = 80,461.”

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IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt04756558
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01205319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01028108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0946517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0854433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0722181
IRS990ScheduleA/Total509Grp/TotalAmt04756558
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01211021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01028130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0946668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0854433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0722181
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04762433
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/BookValueAmt0210699
IRS990ScheduleD/BuildingsGrp/DepreciationAmt053774
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0264473
IRS990ScheduleD/EquipmentGrp/BookValueAmt0341545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0542819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0884364
IRS990ScheduleD/LandGrp/BookValueAmt0119000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0119000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02645
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03645
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03102
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0673889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03102
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt5Fees paid for network contract services = 80,461.
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/FormAndLineReferenceDesc5List 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/TotalAssetsBOYAmt02375741
IRS990/TotalAssetsEOYAmt02503035
IRS990/TotalAssetsGrp/BOYAmt02375741
IRS990/TotalAssetsGrp/EOYAmt02503035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0759540
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02800
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01064936
IRS990/TotalFunctionalExpensesGrp/TotalAmt01067736
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01206400
IRS990/TotalLiabilitiesEOYAmt01157947
IRS990/TotalLiabilitiesGrp/BOYAmt01206400
IRS990/TotalLiabilitiesGrp/EOYAmt01157947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01169341
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01345088
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01064936
IRS990/TotalProgramServiceRevenueAmt0445779
IRS990/TotalReportableCompFromOrgAmt027851
IRS990/TotalRevenueGrp/ExclusionAmt05702
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0445779
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01211021
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02375741
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02503035
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07056
IRS990/TravelGrp/TotalAmt07056
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0979757
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01055257
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 Woodsmoke Ct
IRS990/USAddress/CityNm0Greenville
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029607
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John R McClure JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-30
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0B55D18975C7BF9ABD4AF330DC7BA69E7AF8F6FC1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B55D18975C7BF9ABD4AF330DC7BA69E7AF8F6FC1
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId057564820201210y2zxsg
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-04-30
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.85.112.13
ReturnHeader/FilingSecurityInformation/IPDt02020-04-30
ReturnHeader/FilingSecurityInformation/IPTm011:13:45
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/PreparationDt02020-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl L Borum
ReturnHeader/ReturnTs02020-04-30T09:20:33-04:00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,503,035
Liabilities
$1,157,947
Net assets
$1,345,088
Revenue
$1,211,021
Expenses
$1,067,736
Net income
$143,285
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