Civic Intelligence

Power Foundation Inc.

990 • Fiscal year 2022 • EIN 27-3284156

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 10, 2023

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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

34th percentile

-0.2%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

33rd percentile

-3.8%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-24%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$2,667,749

Down $105,426 (-3.8%) from 2021

Net Assets

Down

$2,663,072

Down $2,131 (-0.1%) from 2021

Liabilities

Down

$4,677

Down $103,295 (-96%) from 2021

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin34th percentile

Revenue

Down

$1,287,874

Down $398,525 (-24%) from 2021

Expenses

Up

$1,290,005

Up $117,099 (+10.0%) from 2021

Net Income

Down

-$2,131

Down $515,624 (-100%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2022

Assets$2,667,749
Liabilities$4,677
Net Assets$2,663,072
Open 2022 Filing

Operations Trend

Revenue Growth17th 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

2022

Revenue$1,287,874
Expenses$1,290,005
Net Income-$2,131
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$1,421,474
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$1,869,271$1,735,671▼ $133,600
Land, Buildings, and Equipment, Net$465,791$393,804▼ $71,987
Savings and Temporary Cash Investments$336,139$357,876▲ $21,737
Cash and Non-Interest-Bearing Accounts$57,910$167,417▲ $109,507
Accounts Receivable$40,962$9,879▼ $31,083
Total Assets$2,773,175$2,667,749▼ $105,426
Other Assets Total$3,102$3,102→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,519--
Accounts Payable and Accrued Expenses$51,027$4,530▼ $46,497
Unsecured Notes Loans Payable$44,426$147▼ $44,279
Total Liabilities$107,972$4,677▼ $103,295
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,665,203$2,663,072▼ $2,131
Total Net Assets Fund Balance$2,665,203$2,663,072▼ $2,131
Total Liabilities and Net Assets / Fund Balance$2,773,175$2,667,749▼ $105,426

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$162,488$762,461$924,949
Buildings$189,314$75,159$264,473
Land$40,000-$40,000
Leasehold Improvements$2,002$1,643$3,645
Other Assets Org$3,102--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Mark McClureBoard Chair
Jim RobinsonPresident
Bill BlissDirector
Elizabeth K McClureDirector
John TrentDirector
Carolyn McClure RobinsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$666,256
Program Service Revenue
$599,881
Investment Income
$21,737
Other Revenue
$0
All Other Contributions
$666,256
Change in Net Assets
$-2,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$976,249
Salaries, Compensation, and Employee Benefits$313,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$533,203--$533,203
Other Salaries and Wages$289,176--$289,176
Occupancy$147,661--$147,661
Fees for Services Other$137,945--$137,945
Depreciation Depletion$71,987--$71,987
Advertising$68,379--$68,379
Payroll Taxes$24,580--$24,580
Fees for Services Legal$8,000$994-$8,994
Office Expenses$6,390--$6,390
Fees for Services Accounting$1,000$250-$1,250
Travel$240--$240
Payments to Affiliates$200--$200
Total Functional Expenses$1,288,761$1,244$0$1,290,005
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
2023-07-10
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
6

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 = 110,303.”

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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/Total509Grp/CurrentTaxYearMinus2YearsAmt01908006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01205319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01028108
IRS990ScheduleA/Total509Grp/TotalAmt07089949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01287874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01682379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01926173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01211021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01028130
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07135577
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/BookValueAmt0189314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt075159
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0264473
IRS990ScheduleD/EquipmentGrp/BookValueAmt0162488
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0762461
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0924949
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02002
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01643
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03645
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03102
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0393804
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03102
IRS990/ScheduleJRequiredInd0false
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 = 110,303.
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/TotalAssetsBOYAmt02773175
IRS990/TotalAssetsEOYAmt02667749
IRS990/TotalAssetsGrp/BOYAmt02773175
IRS990/TotalAssetsGrp/EOYAmt02667749
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0666256
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01244
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01288761
IRS990/TotalFunctionalExpensesGrp/TotalAmt01290005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0107972
IRS990/TotalLiabilitiesEOYAmt04677
IRS990/TotalLiabilitiesGrp/BOYAmt0107972
IRS990/TotalLiabilitiesGrp/EOYAmt04677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02665203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02663072
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01288761
IRS990/TotalProgramServiceRevenueAmt0599881
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021737
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0599881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01287874
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02773175
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02667749
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0240
IRS990/TravelGrp/TotalAmt0240
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt044426
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0147
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jim Robinson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-10
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/PreparationDt02023-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl L Borum
ReturnHeader/ReturnTs02023-08-14T08:45:24-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Robinson
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,667,749
Liabilities
$4,677
Net assets
$2,663,072
Revenue
$1,287,874
Expenses
$1,290,005
Net income
-$2,131
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
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