Civic Intelligence

Soledad O'Brien & Brad Raymond Foundation Inc

990 • Fiscal year 2019 • EIN 45-2440475

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 21, 2020

Organization ProfileWWW.POWHERFUL.ORG
134 West 26th StreetNew York, NY 10001

(646) 759-8148

Siviq Scores

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

Liabilities / Assets

94th percentile

0.38x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.05x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Net Margin

24th percentile

-16%

Higher net margin than 24% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$70,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2019 filings • NTEE B82 • <$500k nonprofits • Source year 2019

Asset Growth

4th percentile

-55%

Faster asset growth than 4% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-32%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • NTEE B82 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$54,707

Down $66,960 (-55%) from 2018

Net Assets

Down

$34,129

Down $66,563 (-66%) from 2018

Liabilities

Down

$20,578

Down $397 (-1.9%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin24th percentile

Revenue

Down

$419,427

Down $196,786 (-32%) from 2018

Expenses

Down

$485,990

Down $84,094 (-15%) from 2018

Net Income

Down

-$66,563

Down $112,692 (-244%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$600K$400K$200K$0-$200KAssets 2011: $225,721Liabilities 2011: $165,000Net Assets 2011: $60,7212011Assets 2012: $118,748Liabilities 2012: $10,000Net Assets 2012: $108,7482012Assets 2013: $280,322Liabilities 2013: $10,000Net Assets 2013: $270,3222013Assets 2014: $579,281Liabilities 2014: $10,000Net Assets 2014: $569,2812014Assets 2015: $148,981Liabilities 2015: $125,381Net Assets 2015: $23,6002015Assets 2016: $31,898Liabilities 2016: $92,418Net Assets 2016: -$60,5202016Assets 2017: $67,439Liabilities 2017: $12,876Net Assets 2017: $54,5632017Assets 2018: $121,667Liabilities 2018: $20,975Net Assets 2018: $100,6922018Assets 2019: $54,707Liabilities 2019: $20,578Net Assets 2019: $34,1292019Assets 2020: $204,555Liabilities 2020: $7,708Net Assets 2020: $196,8472020Assets 2021: $290,521Liabilities 2021: $9,900Net Assets 2021: $280,6212021Assets 2022: $349,167Liabilities 2022: $12,029Net Assets 2022: $337,1382022Assets 2023: $378,480Liabilities 2023: $9,424Net Assets 2023: $369,0562023Assets 2024: $334,163Liabilities 2024: $5,656Net Assets 2024: $328,5072024

Highlighted filing

2019

Assets$54,707
Liabilities$20,578
Net Assets$34,129
Open 2019 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $381,957Expenses 2011: $321,236Net Income 2011: $60,7212011Revenue 2012: $410,140Expenses 2012: $362,113Net Income 2012: $48,0272012Revenue 2013: $785,548Expenses 2013: $623,974Net Income 2013: $161,5742013Revenue 2014: $1,180,219Expenses 2014: $881,260Net Income 2014: $298,9592014Revenue 2015: $470,548Expenses 2015: $1,016,229Net Income 2015: -$545,6812015Revenue 2016: $767,891Expenses 2016: $852,011Net Income 2016: -$84,1202016Revenue 2017: $853,033Expenses 2017: $737,950Net Income 2017: $115,0832017Revenue 2018: $616,213Expenses 2018: $570,084Net Income 2018: $46,1292018Revenue 2019: $419,427Expenses 2019: $485,990Net Income 2019: -$66,5632019Revenue 2020: $250,146Expenses 2020: $87,428Net Income 2020: $162,7182020Revenue 2021: $180,173Expenses 2021: $96,399Net Income 2021: $83,7742021Revenue 2022: $122,045Expenses 2022: $65,528Net Income 2022: $56,5172022Revenue 2023: $173,543Expenses 2023: $141,625Net Income 2023: $31,9182023Revenue 2024: $57,400Expenses 2024: $97,949Net Income 2024: -$40,5492024

Highlighted filing

2019

Revenue$419,427
Expenses$485,990
Net Income-$66,563
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 21, 2020
Return Version
2019v5.1
Gross Receipts
$419,427
Mission and Program Overview

Mission

The mission of the foundation is to get young women to and through college. The organization provides financial assistance, mentorship and wraparound serives to help scholars to achieve their hightest potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$121,667$54,707▼ $66,960
Total Assets$121,667$54,707▼ $66,960
Liabilities
Accounts Payable and Accrued Expenses$20,975$20,578▼ $397
Total Liabilities$20,975$20,578▼ $397
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,692$34,129▼ $66,563
Total Net Assets Fund Balance$100,692$34,129▼ $66,563
Total Liabilities and Net Assets / Fund Balance$121,667$54,707▼ $66,960
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Renee JoslynExecutive DirectorFT$70,000$70,000

Board Members and Trustees

NameTitle
Soledad OBrienChairperson
Jay KriegelDirector
Kaye Taylor MooreDirector
Keith ReinhardDirector
Lucy PintoDirector
Patsy Mc NeilDirector
Pharrell WilliamsDirector
Prashanthi Rao RamanDirector
Sandra RichardsDirector
Sonny KalsiDirector
Kim BondySecretary
Brad RaymondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$419,427
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$160,937
Change in Net Assets
$-66,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,648
Total Fundraising Expense$166,069
Grants and Similar Amounts Paid$118,696
Salaries, Compensation, and Employee Benefits$104,646
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$118,696--$118,696
Other Expenses$32,766$32,766$43,688$109,220
Current Officers, Directors, Trustees, and Key Employees$49,000$10,500$10,500$70,000
Other Salaries and Wages$18,667$4,000$4,000$26,667
Office Expenses$1,233$10,862$139$12,234
Travel$7,986-$333$8,319
Payroll Taxes$5,585$1,197$1,197$7,979
Fees for Services Accounting-$7,850-$7,850
Fees for Services Legal$6,757--$6,757
Insurance-$3,027-$3,027
Total Functional Expenses$249,719$70,202$166,069$485,990
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$258,490$258,490$80,377$178,113
Total Events$258,490$258,490$105,710$152,780
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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

“The chairperson and the treasurer are related parties.”

Form 990 governing body review Part VI line 11

“The Form 990 is reviewed by the finance committee and provided to the entire board prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“The organization monitors and enforces compliance with the confilct of interest policy on an annual basis.”

CEO executive director top management comp Part VI line 15A

“The compensation for the executive director is approved by the board annually.”

Other officer or key employee compensation Part VI line 15B

“The compensation for the executive director is approved by the board annually.”

Governing documents etc available to public Part VI line 19

“The governing documents, etc. are available for inspection at the organizations office by appointment.”

Filing and Contact Details

Filer

Filer Name
Powherful Foundation Inc
EIN
45-2440475
Address
134 West 26th Street, New York, NY 10001

Signing Officer

Name
Soledad OBrien
Title
Chairperson
Phone
6467598148
Signed
2020-08-21
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
Gary Topple CPA PC
Address
998C Old Country Road Suite407, Plainview, NY 11803
Preparer
Gary Topple
Phone
5165957080
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0616213
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt099075
IRS990/PYOtherExpensesAmt0330092
IRS990/PYRevenuesLessExpensesAmt046129
IRS990/PYSalariesCompEmpBnftPaidAmt0140917
IRS990/PYTotalExpensesAmt0570084
IRS990/PYTotalRevenueAmt0616213
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-66563
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0419427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0616213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0853033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0767891
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0470548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03127112
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96050
IRS990ScheduleA/PublicSupportPY170Pct00.74590
IRS990ScheduleA/PublicSupportTotal170Amt03003701
IRS990ScheduleA/SubstantialContributorsTotAmt0123411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0419427
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0616213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0853033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0767891
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0470548
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03127112
IRS990ScheduleA/TotalSupportAmt03127112
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
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0105710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0258490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0258490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0258490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0258490
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0152780
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt080377
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt080377
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt025333
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt025333
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0118696
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship program
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The chairperson and the treasurer are related parties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by the finance committee and provided to the entire board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization monitors and enforces compliance with the confilct of interest policy on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation for the executive director is approved by the board annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The compensation for the executive director is approved by the board annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents, etc. are available for inspection at the organizations office by appointment.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121667
IRS990/TotalAssetsEOYAmt054707
IRS990/TotalAssetsGrp/BOYAmt0121667
IRS990/TotalAssetsGrp/EOYAmt054707
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0419427
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0166069
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070202
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0249719
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485990
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020975
IRS990/TotalLiabilitiesEOYAmt020578
IRS990/TotalLiabilitiesGrp/BOYAmt020975
IRS990/TotalLiabilitiesGrp/EOYAmt020578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034129
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0249719
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0419427
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121667
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054707
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0333
IRS990/TravelGrp/ProgramServicesAmt07986
IRS990/TravelGrp/TotalAmt08319
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Soledad OBrien
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairperson
ReturnHeader/BusinessOfficerGrp/PhoneNum06467598148
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Powherful Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0POWH
ReturnHeader/Filer/EIN0452440475
ReturnHeader/Filer/USAddress/AddressLine1Txt0134 West 26th Street
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08183F613BF2F36772E655B111FCA991FC90B7F55
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08183F613BF2F36772E655B111FCA991FC90B7F55
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01270742020316sc4rfmi

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$54,707
Liabilities
$20,578
Net assets
$34,129
Revenue
$419,427
Expenses
$485,990
Net income
-$66,563
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.33$0.06$0.10$0.04
2023Summary only. Only limited summary data is available for this year.$0.38$0.01$0.37$0.17$0.14$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.12$0.07$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.01$0.28$0.18$0.10$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.01$0.20$0.25$0.09$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.03$0.42$0.49$0.07
2018Summary only. Only limited summary data is available for this year.$0.12$0.02$0.10$0.62$0.57$0.05
2017Summary only. Only limited summary data is available for this year.$0.07$0.01$0.05$0.85$0.74$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.09$0.06$0.77$0.85$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.13$0.02$0.47$1.02$0.55
2014Summary only. Only limited summary data is available for this year.$0.58$0.01$0.57$1.18$0.88$0.30
2013Summary only. Only limited summary data is available for this year.$0.28$0.01$0.27$0.79$0.62$0.16
2012Summary only. Only limited summary data is available for this year.$0.12$0.01$0.11$0.41$0.36$0.05
2011Summary only. Only limited summary data is available for this year.$0.23$0.17$0.06$0.38$0.32$0.06