Powrplnt Inc
Nonprofit profile at a glance
- EIN
- 465182094
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Brooklyn, NY, USA
- Phone
- 3479278661
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $54,604
- Expenses
- $130,680
- Assets
- $15,059
- Liabilities
- $3,539
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ANIBAL LUQUE (INTERIM EXECUTIVE DIRECTOR)
- SALOME ASEGA (PRESIDENT)
People named in this filing
- ANIBAL LUQUE (INTERIM EXECUTIVE DIRECTOR)
- ALEX DUNCAN (SECRETARY OF THE BOARD)
- SALOME ASEGA (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Access to digital media art instruction
What it reported doing in 2024
Organizes digital art educational workshops and activatoins to engage youth and artists in interest driven learning focused on democratizing and supporting diverse leaders within arts and technology
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 14
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -139.3%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -18.9% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.