State Power Fund

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

EIN: 853982823 ✦ Youngstown, OH ✦ Designated as a 501(c)(3)

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Overview

What is State Power Fund?

State Power Fund is a nonprofit organization situated in Youngstown, Ohio. Its primary mission is to collaborate with individuals and institutions, offering fiscal sponsorship and project hosting support. This enables them to achieve their philanthropic objectives. The organization is dedicated to backing innovative and effective public interest projects, aiming to establish a just, equitable, and sustainable future. To accomplish this, they fund various nonprofit organizations, empowering them to bring about necessary change. With a team of 24 employees, State Power Fund plays an essential role in supporting projects that contribute positively to society.

Is State Power Fund legitimate?

State Power Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Power Fund 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: $20,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,126,821

For more financial information, click here

What is the mission statement of State Power Fund?

The State Power Fund is committed to supporting innovative and impactful public interest projects that contribute to a just, equitable, and sustainable future. To achieve this goal, they fund nonprofit organizations to bring about necessary changes. Their mission is to collaborate with individuals and institutions, providing fiscal sponsorship and project hosting support, enabling them to reach their philanthropic objectives.

Who is the CEO of State Power Fund?

Doran Schrantz is the Board Chair of State Power Fund.

What is the revenue of State Power Fund?

State Power Fund's revenue in 2022 was $7,859,808.

Who are the executives of State Power Fund and what are their salaries?

The average compensation at State Power Fund during 2022 was $47,812. There are 24 employees at State Power Fund.


Here are 7 key members and their salaries:


Doran Schrantz (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Mercado (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damareo Cooper (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Noden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tram Nguyen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nseabasi Ufot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier Morillo Alicia (Executive Director)
  • Compensation: $20,673
  • Related: $0
  • Other: $0
Where can I find the form 990 for State Power Fund?

State Power Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of State Power Fund

State Power Fund is an organization committed to supporting innovative and impactful public interest projects. Their mission is to contribute to the creation of a just, equitable, and sustainable future. They achieve this by funding nonprofit organizations, providing them with the necessary resources to bring about needed change. By collaborating with individuals and institutions, State Power Fund offers fiscal sponsorship and project hosting support, enabling these entities to achieve their philanthropic goals. In essence, State Power Fund serves as a catalyst for positive societal transformation by backing visionary initiatives that strive for a more equitable and sustainable world.

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Impact




July, 2024

State Power Fund's impact can be seen in its dedication to supporting innovative and effective public interest projects that aim to build a just, equitable, and sustainable future. By funding organizations through fiscal sponsorship and project hosting support, State Power Fund collaborates with individuals and institutions to enable them to reach their philanthropic goals. Based in Youngstown, Ohio, State Power Fund plays a crucial role in facilitating positive change in various areas, such as human services, by empowering organizations to accomplish meaningful goals and make a tangible difference in their communities.




This information is meant to be a general summary of State Power Fund. 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
$7,859,808 (2022)
Expenses
$3,952,421 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $7,859,808

Assets and Liabilities:

  • Total Assets: $7,279,970
  • Total Liabilities: $712,439
  • Net Assets: $6,567,531

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Organization Details

Founding Year

2020

Principal Officer

Doran Schrantz

Main Address

P O BOX 1107, YOUNGSTOWN, OH, 44501

NTEE Category

Code: P20 - Human services

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