Nonprofit · EIN 93-2705500
POWER FORWARD COMMUNITIES INC
Tax-exempt · COLUMBIA, MD 21044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,484,569 | $9,484,569 | $0 | $2,009,871,590 | $2,009,871,590 | $0 |
| December 31, 2023 | 990-EZ | $100 | – | – | $100 | – | $100 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,484,569
- of which government grants
- $9,484,569
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,491,887
- Compensation of officers, directors and key employees
- $516,062
- Other salaries and wages
- $210,756
- Salaries, compensation and benefits (total)
- $943,796
- Professional fundraising fees
- $0
- Legal fees
- $305,070
- Travel
- $11,323
- Program services (functional)
- $8,743,244
- Management and general (functional)
- $741,325
Balance sheet and other
- Total assets, start of year
- $100
- Total assets, end of year
- $2,009,871,590
- Total liabilities, end of year
- $2,009,871,590
- Net assets, end of year
- $0
- Gross receipts
- $9,484,569
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2023
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM JENKINS | SVP AND COO A/O 5/24 Officer | 40 | $279,382 | $24,242 |
| TIMOTHY MAYOPOULOS | PRESIDENT, CEO & DIRECTOR A/O 7/24 Trustee or director, Officer | 20 | $206,250 | $6,188 |
| SHAUN DONOVAN | DIRECTOR, CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ARI MATUSIAK | DIRECTOR, CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PHYLLIS CALDWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDER LASKEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL PUGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN RECKFORD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONYA ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VINCENT ALVAREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISMAEL GUERRERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNN JURICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OJ SEMANS SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY SWEARENGIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN WALKER | DIRECTOR Trustee or director | 1 | $0 |
| VICTORIA WOODARDS | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shaun Donovan | Director and Co-Chair | 10 | $0 |
| Ari Matusiak | Director and Co-Chair | 10 | $0 |
| Tim Mayopoulos | Director & Interim President & CEO | 10 | $0 |
| Linda Manley | Secretary | 1 | $0 |
| Bill Beckmann | Treasuer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 11000 BROKEN LAND PARKWAY 800, COLUMBIA, MD 21044-3541
- In care of
- % ENTERPRISE COMMUNITY PARTNERS INC
- Principal officer (990 for 2024)
- TIMOTHY MAYOPOULOS, 11000 BROKEN LAND PARKWAY 800, COLUMBIA, MD 21044
- Signed the 990
- TIMOTHY MAYOPOULOS, PRESIDENT & CEO
- Phone
- (202) 942-5271
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- DISTRIBUTING GREENHOUSE GAS REDUCTION FUND NATIONAL CLEAN INVESTMENT FUND GRANT TO EXPAND AND PRESERVE AFFORDABLE HOUSING, REDUCE UTILITY BILLS, IMPROVE COMMUNITY HEALTH AND SAFETY, AND CREATE WELL-PAYING JOBS.Expenses $8,743,244 · grants $5,491,887
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-2705500
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $2,009,871,590
- Income (IRS master file)
- $9,484,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,484,569 | $9,484,569 | $2,009,871,590 | IRS |
| 990-EZ | December 2023 | $100 | $0 | $100 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-2705500).
Questions about POWER FORWARD COMMUNITIES INC
- What is the EIN of POWER FORWARD COMMUNITIES INC?
- The employer identification number (EIN) of POWER FORWARD COMMUNITIES INC is 93-2705500.
- Is POWER FORWARD COMMUNITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to POWER FORWARD COMMUNITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POWER FORWARD COMMUNITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POWER FORWARD COMMUNITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWER FORWARD COMMUNITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POWER FORWARD COMMUNITIES INC?
- The 990 for the year ended December 31, 2024 names TIMOTHY MAYOPOULOS.
- Who are the officers and directors of POWER FORWARD COMMUNITIES INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $279,382 (WILLIAM JENKINS, SVP AND COO A/O 5/24).
- How much revenue does POWER FORWARD COMMUNITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,484,569, expenses of $9,484,569 and total assets of $2,009,871,590 at year end.
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