Overview
What is Power52 Inc?
Power52 Inc, based in Columbia, Maryland, is a nonprofit organization with a mission to empower at-risk adults, returning citizens, and underserved individuals residing in Baltimore City and its surrounding counties. The organization, known as Power52 Foundation, provides comprehensive employment training. This training prepares participants for careers in the solar industry and other green job opportunities, thereby offering them a chance at a stable and sustainable livelihood. With a team of six dedicated professionals, Power52 Inc strives to make a positive impact in its community.
Official website here: www.power52.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%)
Power52 Inc has received a two-star rating from Charity Navigator, indicating that while there are areas of strength, there are also significant aspects that need improvement. The organization demonstrates a strong commitment to culture and community, achieving a perfect score in this area. Additionally, it maintains a high program expense ratio of 72.65%, suggesting that a substantial portion of its funds is directed towards its programs and services.
However, there are notable shortcomings in Power52 Inc's accountability and finance practices. The organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which significantly impacts its overall score in these areas. Despite having an independent board and no reported material diversion of assets, the absence of these critical governance policies raises concerns about its operational transparency and accountability.
Overall, while Power52 Inc excels in program implementation and community engagement, it faces challenges in enhancing its governance and risk management frameworks. Addressing these gaps could improve its rating and increase donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Power52 Inc legitimate?
Power52 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Power52 Inc 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: $234,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,284
For more financial information, click here
Official website here: www.power52.org
What is the mission statement of Power52 Inc?
Power52 Inc's mission is centered around providing employment training for at-risk adults, returning citizens, and underserved individuals living in Baltimore City and its surrounding areas. The organization's primary goal is to prepare these participants for careers in the solar industry and other green job opportunities. Through its training programs, Power52 Inc aims to equip individuals with the necessary skills to secure sustainable employment, thereby empowering them to improve their livelihoods. The organization's mission also extends to fostering a greener workforce and contributing to environmental conservation.
Official website here: www.power52.org
Who is the CEO of Power52 Inc?
Cherie Brooks is the Board Member of Power52 Inc. The CEO's salary of Power52 Inc is $0 and their total compensation is $0.
Official website here: www.power52.org
What is the revenue of Power52 Inc?
Power52 Inc's revenue in 2022 was $578,391.
Official website here: www.power52.org
Who are the executives of Power52 Inc and what are their salaries?
The average compensation at Power52 Inc during 2022 was $55,142. There are 6 employees at Power52 Inc.
Here are 6 key members and their salaries (Power52 Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.power52.org
Where can I find the form 990 for Power52 Inc?
Power52 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.power52.org
Learn more at the official website: www.power52.org
Mission Statement of Power52 Inc
Power52 Inc, a nonprofit organization, is dedicated to providing employment training for at-risk adults, returning citizens, and underserved individuals residing in Baltimore City and its surrounding areas. Their mission is to prepare participants for careers in the solar industry and other green job opportunities. Through their programs, Power52 Inc aims to equip these individuals with the necessary skills and knowledge to secure stable employment in the growing green sector, thereby providing them with a chance to improve their lives and contribute positively to their communities.
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Impact
July, 2024
Power52 Inc has a significant impact on at-risk adults, returning citizens, and underserved individuals in Baltimore City and surrounding counties by providing them with employment training for careers in the solar industry and other green job opportunities. This empowers participants to gain valuable skills and secure stable employment, ultimately improving their economic prospects and contributing to a more sustainable future.
This information is meant to be a general summary of Power52 Inc. 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.
- Gross Receipts: $578,391
Assets and Liabilities:
- Total Assets: $331,231
- Total Liabilities: $37,321
- Net Assets: $293,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT TRAINING
Organization Details
Founding Year
2015
Principal Officer
Cherie Brooks
Main Address
8775 CLOUDLEAP CT STE 11, COLUMBIA, MD, 21045
Website
www.power52.orgNTEE Category
Code: P20 - Human services
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