Civic Intelligence

Mpower Inc.

990 • Fiscal year 2017 • EIN 73-0799560

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 06, 2018

516 Expo Circle SouthStillwater, OK 74075

(405) 377-0834

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,454,414

Up $189,105 (+15%) from 2016

Net Assets

Up

$1,273,351

Up $97,513 (+8.3%) from 2016

Liabilities

Up

$181,063

Up $91,592 (+102%) from 2016

Revenue And Expenses

Revenue

Up

$2,370,676

Up $34,749 (+1.5%) from 2016

Expenses

Up

$2,273,163

Up $106,746 (+4.9%) from 2016

Net Income

Down

$97,513

Down $71,997 (-42%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $358,089Liabilities 2010: $101,888Net Assets 2010: $256,2012010Assets 2011: $564,954Liabilities 2011: $97,180Net Assets 2011: $467,7742011Assets 2012: $599,148Liabilities 2012: $58,464Net Assets 2012: $540,6842012Assets 2013: $646,014Liabilities 2013: $70,163Net Assets 2013: $575,8512013Assets 2014: $964,154Liabilities 2014: $148,993Net Assets 2014: $815,1612014Assets 2015: $1,083,776Liabilities 2015: $77,448Net Assets 2015: $1,006,3282015Assets 2016: $1,265,309Liabilities 2016: $89,471Net Assets 2016: $1,175,8382016Assets 2017: $1,454,414Liabilities 2017: $181,063Net Assets 2017: $1,273,3512017Assets 2018: $1,888,665Liabilities 2018: $524,757Net Assets 2018: $1,363,9082018Assets 2019: $2,006,157Liabilities 2019: $507,019Net Assets 2019: $1,499,1382019Assets 2020: $2,114,552Liabilities 2020: $860,461Net Assets 2020: $1,254,0912020Assets 2021: $2,519,781Liabilities 2021: $916,250Net Assets 2021: $1,603,5312021Assets 2022: $2,193,531Liabilities 2022: $532,993Net Assets 2022: $1,660,5382022Assets 2023: $1,858,359Liabilities 2023: $439,244Net Assets 2023: $1,419,1152023Assets 2024: $1,779,531Liabilities 2024: $425,320Net Assets 2024: $1,354,2112024

Highlighted filing

2017

Assets$1,454,414
Liabilities$181,063
Net Assets$1,273,351

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,690,3432010Revenue 2011: $1,919,897Expenses 2011: $1,708,324Net Income 2011: $211,5732011Expenses 2012: $1,618,3232012Expenses 2013: $1,654,4752013Revenue 2014: $1,942,798Expenses 2014: $1,703,488Net Income 2014: $239,3102014Revenue 2015: $2,106,367Expenses 2015: $1,915,200Net Income 2015: $191,1672015Revenue 2016: $2,335,927Expenses 2016: $2,166,417Net Income 2016: $169,5102016Revenue 2017: $2,370,676Expenses 2017: $2,273,163Net Income 2017: $97,5132017Revenue 2018: $2,359,731Expenses 2018: $2,269,174Net Income 2018: $90,5572018Revenue 2019: $2,631,831Expenses 2019: $2,431,504Net Income 2019: $200,3272019Revenue 2020: $2,389,846Expenses 2020: $2,634,893Net Income 2020: -$245,0472020Revenue 2021: $2,850,110Expenses 2021: $2,500,670Net Income 2021: $349,4402021Revenue 2022: $3,150,560Expenses 2022: $3,093,553Net Income 2022: $57,0072022Revenue 2023: $3,002,360Expenses 2023: $3,243,783Net Income 2023: -$241,4232023Revenue 2024: $4,013,245Expenses 2024: $4,060,524Net Income 2024: -$47,2792024

Highlighted filing

2017

Revenue$2,370,676
Expenses$2,273,163
Net Income$97,513
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 6, 2018
Return Version
2016v3.0
Gross Receipts
$2,370,676
Mission and Program Overview

Mission

To empower adults with developmental disabilities to contribute to the community through a variety of meaningful training and employment opportunities and to live as independently as possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$870,724$1,011,959▲ $141,235
Land, Buildings, and Equipment, Net$149,112$255,172▲ $106,060
Accounts Receivable$189,596$120,033▼ $69,563
Pledges and Grants Receivable$40,555$40,555→ $0
Prepaid Expenses and Deferred Charges$9,868$19,110▲ $9,242
Inventories for Sale or Use$5,454$7,585▲ $2,131
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$1,265,309$1,454,414▲ $189,105
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$99,732-
Accounts Payable and Accrued Expenses$89,471$81,331▼ $8,140
Total Liabilities$89,471$181,063▲ $91,592
Net Assets / Fund Balance
Unrestricted Net Assets$1,175,838$1,273,351▲ $97,513
Total Net Assets Fund Balance$1,175,838$1,273,351▲ $97,513
Total Liabilities and Net Assets / Fund Balance$1,265,309$1,454,414▲ $189,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$184,270$345,049$529,319
Equipment$54,008$391,340$445,348
Leasehold Improvements-$34,693$34,693
Other Land Buildings$1,894$32,020$33,914
Land$15,000-$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy SpivaExecutive DirectorFT$52,497$52,497

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$239,130
Program Service Revenue
$2,119,697
Investment Income
$715
Other Revenue
$11,134
All Other Contributions
$50,424
Change in Net Assets
$97,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,370,676
Total Revenue per Audited Statements
$2,370,676
Total Revenue per Form 990
$2,370,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,907,350
Other Expenses$365,813
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,445,815$160,646-$1,606,461
Payroll Taxes$114,792$12,755-$127,547
Other Employee Benefits$108,761$12,084-$120,845
Current Officers, Directors, Trustees, and Key Employees$47,247$5,250-$52,497
Depreciation Depletion$46,949--$46,949
Travel$45,652--$45,652
Insurance$36,874$4,097-$40,971
Fees for Services Accounting-$37,155-$37,155
Occupancy$32,836$1,907-$34,743
Office Expenses$11,352$7,678-$19,030
Other Expenses$6,524$374-$6,898
Interest$3,846--$3,846
All Other Expenses$3,633--$3,633
Advertising$1,739--$1,739
Total Functional Expenses$2,018,854$254,309$0$2,273,163

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,273,163
Total Expenses per Audited Statements$2,273,163
Total Expenses per Form 990$2,273,163
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is presented to the Board of Trustees by MPower's accountant.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board reviews annually for conflict of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviews and approves the Executive Directors salary annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Form 990, Part VI, Line 15a: The Board reviews and approves the Executive director's salary annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

Filer Name
MPower Inc
EIN
73-0799560
Phone
4053770834
Address
516 Expo Circle South, Stillwater, OK 74075

Signing Officer

Name
Amy Spiva
Title
Executive Director
Signed
2018-03-06
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Ok
Voting Board Members
12
Independent Board Members
12
Employees
229

Preparer

Firm
Saunders & Associates PLLC
Address
630 East 17th Street, Ada, OK 74820
Preparer
Lynn Saunders CPA
Phone
5803328548
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income Tax Status The Organization qualifies as an organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is subject to a tax on income from any unrelated business, as defined by Section 509(a)(1) of the Code. The Organization currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded.The Organization has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examinations by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Organizations financial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017.Federal and state income tax statutes dictate that tax returns filed in any of the previous three reporting periods remain open to examination. Currently, the Organization has no open examinations with the Internal Revenue Service or the Oklahoma Tax Commission.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.43$1.35$4.01$4.06$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.44$1.42$3.00$3.24$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.53$1.66$3.15$3.09$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.92$1.60$2.85$2.50$0.35
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.86$1.25$2.39$2.63$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.51$1.50$2.63$2.43$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.89$0.52$1.36$2.36$2.27$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.18$1.27$2.37$2.27$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.09$1.18$2.34$2.17$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.08$1.01$2.11$1.92$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.15$0.82$1.94$1.70$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.07$0.58$1.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.06$0.54$1.62
2011Summary only. Only limited summary data is available for this year.$0.56$0.10$0.47$1.92$1.71$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.10$0.26$1.69