Overview
What is The Power Foundation?
The Power Foundation is a nonprofit organization situated in Piedmont, South Carolina, specifically at 106 Assembly Drive. Its primary mission is to foster and maintain Christian radio broadcasting. They have successfully established a network of radio stations that transmit faith-based content under the name The Life FM. With a dedicated workforce of six individuals, this organization contributes to spreading spiritual messages through radio waves, thereby serving as a spiritual hub for the Christian community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The rating reflects the organization's performance in accountability and finance, indicating both strengths and weaknesses in its operations. While the Power Foundation demonstrates a high program expense ratio of 99.78%, suggesting that nearly all of its funds are directed towards programs, it scores poorly in transparency and governance due to missing financial statements and several key policies.
The foundation's board structure is a positive aspect, with a majority of independent board members and a sufficiently sized independent board. This indicates a commitment to governance and oversight. However, the lack of essential documents such as tax forms and conflict of interest policies raises concerns about the organization's transparency and adherence to best practices in nonprofit management.
In summary, while the Power Foundation excels in directing funds to its programs, its Two-Star rating highlights significant areas for improvement, particularly in financial transparency and governance policies. Addressing these limitations could enhance its credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Power Foundation legitimate?
The Power Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Power Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $289,176
For more financial information, click here
What is the mission statement of The Power Foundation?
The Power Foundation is committed to supporting the development and maintenance of Christian radio broadcasting. They have established a network of radio stations that broadcast faith-based content under the name The Life FM. The organization's mission is centered around sustaining and enhancing the spread of Christian messages through radio waves, thereby contributing to spiritual enrichment and community engagement. The Power Foundation's activities primarily focus on the construction and operation of these radio stations, aiming to spread the Christian message far and wide.
Who is the CEO of The Power Foundation?
Jim Robinson is the Director of The Power Foundation.
What is the revenue of The Power Foundation?
The Power Foundation's revenue in 2022 was $1,287,874.
Who are the executives of The Power Foundation and what are their salaries?
The average compensation at The Power Foundation during 2022 was $48,196. There are 6 employees at The Power Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Power Foundation?
The Power Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Power Foundation
The Power Foundation, as a nonprofit organization, is dedicated to fostering the growth and maintenance of Christian radio broadcasting. They have accomplished this by establishing a network of radio stations that broadcast Christian content under the name The Life FM. By doing so, they contribute to the dissemination of spiritual messages and programming, thereby supporting the religious and spiritual needs of their audience.
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Impact
October, 2024
The Power Foundation significantly enhances the landscape of Christian media through its dedicated efforts in establishing and sustaining a robust network of radio stations, collectively known as The Life FM. By broadcasting Christian content, it plays a crucial role in spreading religious messages, fostering community engagement, and providing a platform for uplifting programming that resonates with faith-based audiences.
The foundation's impact extends beyond just media output; it supports the spiritual growth of listeners and encourages a sense of community among those who tune in. By focusing on the development of Christian radio broadcasting, The Power Foundation helps to ensure that diverse voices within the Christian community are heard, enriching the lives of individuals and families with inspirational content.
Situated in Piedmont, SC, The Power Foundation’s network of radio stations serves as a vital resource for people seeking faith-oriented programming, contributing to the overall mission of spreading hope and fostering a deeper connection to Christian teachings. Through its commitment to this cause, The Power Foundation has become a beacon for many, influencing lives and communities positively across its broadcast regions.
This information is meant to be a general summary of The Power Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,737
- Program Service Revenue: $599,881
- Gross Receipts: $1,421,474
Assets and Liabilities:
- Total Assets: $2,667,749
- Total Liabilities: $4,677
- Net Assets: $2,663,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program sponsor
Revenue
$599,881
Organization Details
Founding Year
2010
Principal Officer
Jim Robinson
Main Address
106 Assembly Dr, Piedmont, SC, 29673
NTEE Category
Code: X84 - Religion related
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