Civic Intelligence

Powerconference Inc

EIN 81-5121935 • 501(c)6 • New York, NY

Profile

Powerconference, inc. Is an organization dedicated to the promotion of knowledge and training of insurance professionals in cutting edge and emerging issues relating to the power industry. Powerconference, inc. Organizes conferences that includes professionals and experts in the power industry that offers insight and knowledge to assist in underwriting risks, loss mitigation, and handling complex and dynamic claims in this field. Powerconference, inc. Offers continuing education for insurance professionals. Powerconference, inc. Is run by a group of volunteers in the insurance industry that dedicate their time to advancing technical knowledge relating to insurance and the power industry in order to strengthen and enhance the community.

88 Pine St FL 14New York, NY 10005

powerconferenceinc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

88th percentile

30%

Higher net margin than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

199%

Faster asset growth than 98% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

6.3%

Faster revenue growth than 60% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$69,350

Up $46,132 (+199%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$69,350

Up $46,132 (+199%) from 2017

Revenue

Up

$151,500

Up $9,000 (+6.3%) from 2017

Expenses

Down

$105,368

Down $13,914 (-12%) from 2017

Net Income

Up

$46,132

Up $22,914 (+99%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2017: $23,218Liabilities 2017: $0Net Assets 2017: $23,2182017Assets 2018: $69,350Net Assets 2018: $69,3502018

Highlighted filing

2018

Assets$69,350
Liabilities-
Net Assets$69,350

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2017: $142,500Expenses 2017: $119,282Net Income 2017: $23,2182017Revenue 2018: $151,500Expenses 2018: $105,368Net Income 2018: $46,1322018

Highlighted filing

2018

Revenue$151,500
Expenses$105,368
Net Income$46,132

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 15, 2019
Return Version
2018v3.1
Gross Receipts
$151,500
Mission and Program Overview

Mission

Powerconference, inc is an organization dedicated to the promotion of knowledge and training of insurance professionals in cutting edge and emerging issues relating to the power industry. Powerconference, inc organizes conferences that includes professionals and experts in the power industry that offers insight and knowledge to assist in underwriting risks, loss mitigation, and handling complex and dynamic claims in this field. Powerconference, inc offers continuing education for insurance professionals. Powerconference, inc. Is run by a group of volunteers in the insurance industry that dedicate their time to advancing technical knowledge relating to insurance and the power industry in order to strengthen and enhance the community.

Program Services

DescriptionGrantsExpenses
INSURANCE AND POWER ENERGY TRAINING.--
IN 2018, POWERCONFERENCE, INC. ORGANIZED A 1 DAY CONFERENCE IN NEW YORK CITY WHICH WAS ATTENDED BY OVER 300 PROFESSIONALS FROM VARIOUS DISCIPLINES IN THE ENERGY AND INSURANCE INDUSTRY. A BROAD SPECTRUM OF INDUSTRY EXPERTS SPOKE ON A VAIRETY OF TOPICS RELATING TO CURRENT AND EMERGING TRENDS IN THE ENERGY SECTOR AND INSURANCE TOPICS. THE PURPOSE OF THE CONFERENCE WAS TO HELP PROMOTE AWARENESS, EDUCATION AND TECHNICAL INFORMATION IN ORDER TO FURTHER ENHANCE THE CLAIMS HANDLING, RISK MANAGMENT, AND LOSS MITIGATION STARTEGIES OF INSURANCE AND INDUSTRY PROFESSIONALS. THE 2018 PROGRAM CONTENT WAS APPROVED FOR 7 HOURS OF CONTINUING EDUCATION CREDITS (CE) BY THE STATES OF DELAWARE, GEORGIA, INDIANA, NEW YORK, OKLAHOMA, AND TEXAS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE GREGOIREPresident-$0--
SEAN C SICATreasurerPT$0--
ELIZABETH PETERSENSecretaryPT$0--
JEFF WEINSTEINMember-$0--
JOHN ROBERTSMember-$0--
GRETCHEN HENNINGERMember-$0--
STEVE GUGGENHEIMMember-$0--
DAN MCLOEDMember-$0--
MARC GIOVANNETTIChairperson-$0--
Filing and Contact Details

Filer

Filer Name
Powerconference Inc
EIN
81-5121935
Phone
2122676500
Address
88 PINE ST FL 14, NEW YORK, NY 10005

Signing Officer

Name
Sean C Sica
Title
Treasurer
Phone
2122676500
Signed
2019-10-15
Discuss with paid preparer
Yes

Preparer

Firm
Rossman Tax Service Inc
Address
16 ROOSEVELT AVE, PORT JEFFRSN STA, NY 11776-3337
Preparer
Joshua a Rossman
Phone
6314732022
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses cost of conf venue & cate 59,880 pre-conference spon banqu 13,251 fees for guest speaker 5,000 t&e guest speakers 2,870 planning committee mtgs 1,858 website and app 2,300 program & printed materia 1,327 giveaways for attendees 6,143 giveaways for planning co 3,092 raffle prizes 261 invitations 686 bank fees 24 accounting & legal fees 1,800 event management 6,876 total 105,368

Form 990-ez, Part III

Powerconference, inc is an organization dedicated to the promotion of knowledge and training of insurance professionals in cutting edge and emerging issues relating to the power industry. Powerconference, inc organizes conferences that includes professionals and experts in the power industry that offers insight and knowledge to assist in underwriting risks, loss mitigation, and handling complex and dynamic claims in this field. Powerconference, inc offers continuing education for insurance professionals. Powerconference, inc. Is run by a group of volunteers in the insurance industry that dedicate their time to advancing technical knowledge relating to insurance and the power industry in order to strengthen and enhance the community.

Form 990-ez, Part III, Line 31

In 2018, powerconference, inc. Organized a 1 day conference in new york city which was attended by over 300 professionals from various disciplines in the energy and insurance industry. A broad spectrum of industry experts spoke on a vairety of topics relating to current and emerging trends in the energy sector and insurance topics. The purpose of the conference was to help promote awareness, education and technical information in order to further enhance the claims handling, risk managment, and loss mitigation startegies of insurance and industry professionals. The 2018 program content was approved for 7 hours of continuing education credits (ce) by the states of delaware, georgia, indiana, new york, oklahoma, and texas.

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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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IRS990EZ/PrimaryExemptPurposeTxt0POWERCONFERENCE, INC IS AN ORGANIZATION DEDICATED TO THE PROMOTION OF KNOWLEDGE AND TRAINING OF INSURANCE PROFESSIONALS IN CUTTING EDGE AND EMERGING ISSUES RELATING TO THE POWER INDUSTRY. POWERCONFERENCE, INC ORGANIZES CONFERENCES THAT INCLUDES PROFESSIONALS AND EXPERTS IN THE POWER INDUSTRY THAT OFFERS INSIGHT AND KNOWLEDGE TO ASSIST IN UNDERWRITING RISKS, LOSS MITIGATION, AND HANDLING COMPLEX AND DYNAMIC CLAIMS IN THIS FIELD. POWERCONFERENCE, INC OFFERS CONTINUING EDUCATION FOR INSURANCE PROFESSIONALS. POWERCONFERENCE, INC. IS RUN BY A GROUP OF VOLUNTEERS IN THE INSURANCE INDUSTRY THAT DEDICATE THEIR TIME TO ADVANCING TECHNICAL KNOWLEDGE RELATING TO INSURANCE AND THE POWER INDUSTRY IN ORDER TO STRENGTHEN AND ENHANCE THE COMMUNITY.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1IN 2018, POWERCONFERENCE, INC. ORGANIZED A 1 DAY CONFERENCE IN NEW YORK CITY WHICH WAS ATTENDED BY OVER 300 PROFESSIONALS FROM VARIOUS DISCIPLINES IN THE ENERGY AND INSURANCE INDUSTRY. A BROAD SPECTRUM OF INDUSTRY EXPERTS SPOKE ON A VAIRETY OF TOPICS RELATING TO CURRENT AND EMERGING TRENDS IN THE ENERGY SECTOR AND INSURANCE TOPICS. THE PURPOSE OF THE CONFERENCE WAS TO HELP PROMOTE AWARENESS, EDUCATION AND TECHNICAL INFORMATION IN ORDER TO FURTHER ENHANCE THE CLAIMS HANDLING, RISK MANAGMENT, AND LOSS MITIGATION STARTEGIES OF INSURANCE AND INDUSTRY PROFESSIONALS. THE 2018 PROGRAM CONTENT WAS APPROVED FOR 7 HOURS OF CONTINUING EDUCATION CREDITS (CE) BY THE STATES OF DELAWARE, GEORGIA, INDIANA, NEW YORK, OKLAHOMA, AND TEXAS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POWERCONFERENCE, INC IS AN ORGANIZATION DEDICATED TO THE PROMOTION OF KNOWLEDGE AND TRAINING OF INSURANCE PROFESSIONALS IN CUTTING EDGE AND EMERGING ISSUES RELATING TO THE POWER INDUSTRY. POWERCONFERENCE, INC ORGANIZES CONFERENCES THAT INCLUDES PROFESSIONALS AND EXPERTS IN THE POWER INDUSTRY THAT OFFERS INSIGHT AND KNOWLEDGE TO ASSIST IN UNDERWRITING RISKS, LOSS MITIGATION, AND HANDLING COMPLEX AND DYNAMIC CLAIMS IN THIS FIELD. POWERCONFERENCE, INC OFFERS CONTINUING EDUCATION FOR INSURANCE PROFESSIONALS. POWERCONFERENCE, INC. IS RUN BY A GROUP OF VOLUNTEERS IN THE INSURANCE INDUSTRY THAT DEDICATE THEIR TIME TO ADVANCING TECHNICAL KNOWLEDGE RELATING TO INSURANCE AND THE POWER INDUSTRY IN ORDER TO STRENGTHEN AND ENHANCE THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 2018, POWERCONFERENCE, INC. ORGANIZED A 1 DAY CONFERENCE IN NEW YORK CITY WHICH WAS ATTENDED BY OVER 300 PROFESSIONALS FROM VARIOUS DISCIPLINES IN THE ENERGY AND INSURANCE INDUSTRY. A BROAD SPECTRUM OF INDUSTRY EXPERTS SPOKE ON A VAIRETY OF TOPICS RELATING TO CURRENT AND EMERGING TRENDS IN THE ENERGY SECTOR AND INSURANCE TOPICS. THE PURPOSE OF THE CONFERENCE WAS TO HELP PROMOTE AWARENESS, EDUCATION AND TECHNICAL INFORMATION IN ORDER TO FURTHER ENHANCE THE CLAIMS HANDLING, RISK MANAGMENT, AND LOSS MITIGATION STARTEGIES OF INSURANCE AND INDUSTRY PROFESSIONALS. THE 2018 PROGRAM CONTENT WAS APPROVED FOR 7 HOURS OF CONTINUING EDUCATION CREDITS (CE) BY THE STATES OF DELAWARE, GEORGIA, INDIANA, NEW YORK, OKLAHOMA, AND TEXAS.
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