Overview
What is Powerhouse Foundation?
The Powerhouse Foundation, situated in Crowley, Texas, serves as a nonprofit organization with a mission to honor Jesus Christ by uplifting individuals in their community. They achieve this by addressing various aspects of need, including physical, spiritual, financial, and emotional well-being. To fulfill this purpose, the foundation provides financial support and collaborates with local community and religious organizations. In 2022, the Powerhouse Foundation strengthened its impact by forming partnerships with organizations, investing both time and resources to promote growth in Crowley and its surrounding areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The Powerhouse Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid performance primarily based on its accountability and finance practices. The organization boasts a high program expense ratio of 97.18%, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. Furthermore, it has achieved full marks for having a majority of independent board members and for maintaining solid governance practices, including conflict of interest and whistleblower policies.
Strengths of the Powerhouse Foundation include its effective governance structure, with 100% independent board members and no reported material diversion of assets. These factors contribute positively to its overall accountability score, reflecting a commitment to transparency and responsible management of funds. The organization also adheres to best practices in documentation and record-keeping, essential for maintaining operational integrity.
However, the foundation does face a notable challenge with its liabilities to assets ratio, which stands at 122.32%. This figure indicates that the organization has more liabilities than assets, a potential red flag for financial stability. While the high program expense ratio is commendable, ongoing monitoring of its financial health will be crucial for ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Powerhouse Foundation legitimate?
Powerhouse Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powerhouse 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: $119,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Powerhouse Foundation?
The Powerhouse Foundation's mission is centered around glorifying Jesus Christ by positively impacting individuals within their community. This is achieved by addressing their physical, spiritual, financial, and emotional needs. In line with this mission, the foundation formed partnerships with local organizations in 2022, investing time and resources to contribute to the growth of Crowley and its surrounding communities. Furthermore, the foundation provides financial support to local community and religious organizations, enabling them to provide benevolence services.
Who is the CEO of Powerhouse Foundation?
Jeffrey D Hargrave is the Principal Officer of Powerhouse Foundation.
What is the revenue of Powerhouse Foundation?
Powerhouse Foundation's revenue in 2022 was $474,837.
Who are the executives of Powerhouse Foundation and what are their salaries?
There 75 volunteers at Powerhouse Foundation.
Here are 9 key members and their salaries:
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- Compensation: $30,000
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Where can I find the form 990 for Powerhouse Foundation?
Powerhouse Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Powerhouse Foundation
Powerhouse Foundation, a nonprofit organization, is dedicated to glorifying Jesus Christ by making a positive impact on its community. The foundation aims to address the physical, spiritual, financial, and emotional needs of individuals within its vicinity. In 2022, Powerhouse Foundation strengthened its ties with local organizations by investing both time and resources to enhance Crowley and its surrounding areas. One of the ways Powerhouse Foundation accomplishes its mission is by providing funds to various community and religious organizations, enabling them to offer benevolence services. This proactive approach allows Powerhouse Foundation to reach out to a wider range of people in need, thereby fulfilling its commitment to glorifying Jesus Christ and positively impacting its community.
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Impact
July, 2024
Powerhouse Foundation's impact is seen in its efforts to positively impact individuals in the community of Crowley, Texas. By meeting physical, spiritual, financial, and emotional needs, they work to glorify Jesus Christ and support local community and religious organizations through benevolence. In 2022, Powerhouse Foundation built partnerships with various organizations, dedicating time and funds to support the growth and well-being of Crowley and the surrounding communities.
This information is meant to be a general summary of Powerhouse 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: $24
- Gross Receipts: $474,837
Assets and Liabilities:
- Total Assets: $160,384
- Total Liabilities: $196,193
- Net Assets: -$35,809
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Organization Details
Founding Year
2017
Phone
(817) 297-8575Principal Officer
Jeffrey D Hargrave
Main Address
812 S Crowley Rd, Crowley, TX, 76036
NTEE Category
Code: X99 - Religion related
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