Powerhouse Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852714217 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Powerhouse Foundation Inc?

Powerhouse Foundation Inc is a nonprofit organization dedicated to uplifting underprivileged communities. Their mission is to enhance the intellectual growth and entrepreneurial skills of individuals in vulnerable populations, as well as promote understanding in the field of applied science. Through charitable events and educational programming, Powerhouse focuses on STEM Entrepreneurship and Mental Wellness, aiming to empower families and foster growth for a better quality of life. Their work seeks to create a positive impact on the present and future generations within these communities.

Is Powerhouse Foundation Inc legitimate?

Powerhouse Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powerhouse Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Powerhouse Foundation Inc?

Powerhouse Foundation Inc is a nonprofit organization committed to improving the socioeconomic conditions of underprivileged communities. Its mission is to enhance the intellectual growth of individuals in these communities by introducing them to entrepreneurship and applied science. The foundation aims to foster growth and development in both present and future generations, promoting a more qualitative living standard. To accomplish this, Powerhouse provides charitable events and educational programming focused on STEM, Entrepreneurship, and Mental Wellness, with the goal of empowering and uplifting families living in disadvantaged situations.

Who is the CEO of Powerhouse Foundation Inc?

Alexis Reed is the Ceo of Powerhouse Foundation Inc. The CEO's salary of Powerhouse Foundation Inc is $0 and their total compensation is $0.

What is the revenue of Powerhouse Foundation Inc?

Powerhouse Foundation Inc's revenue in 2022 was $9,366.

Who are the executives of Powerhouse Foundation Inc and what are their salaries?


There is 1 key member and their salary:


Alexis Reed (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Powerhouse Foundation Inc?

Powerhouse Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Powerhouse Foundation Inc

Powerhouse Foundation Inc is a nonprofit organization dedicated to addressing the socioeconomic challenges faced by vulnerable communities. Their mission is to foster the intellectual growth of individuals in these communities, with a particular focus on entrepreneurship and applied science. The organization aims to empower and cultivate development in both current and future generations, striving for a more qualitative living standard.

To achieve this mission, Powerhouse Foundation Inc provides charitable events and programming. These initiatives educate families in underprivileged communities about STEM (Science, Technology, Engineering, and Mathematics), entrepreneurship, and mental wellness. By doing so, the foundation aims to equip these communities with the necessary tools and knowledge to improve their lives and prospects for the future.

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Impact




August, 2024

Powerhouse Foundation Inc makes a significant impact by focusing on the socioeconomic factors of underprivileged communities in Chicago, Illinois. Through their programming and services, they help individuals in vulnerable populations advance their intellectual well-being and understanding of entrepreneurship and applied science. This organization empowers and fosters growth in both present and future generations, ultimately aiming to enhance the quality of life for those they serve. By providing charitable events, services, and educational programs on STEM, entrepreneurship, and mental wellness, Powerhouse Foundation Inc actively contributes to the improvement of the community.




This information is meant to be a general summary of Powerhouse Foundation 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.

Revenue
$9,366 (2022)
Expenses
$11,630 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $9,366

Assets and Liabilities:

  • Total Assets: $2,398
  • Total Liabilities: $0
  • Net Assets: $2,398

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Organization Details

Principal Officer

Alexis Reed

Main Address

159 N Sangamon StSuite 200, CHICAGO, IL, 60707

NTEE Category

Code: S20 - Community improvement

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