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EIN 83-4510126

Watts of Power Foundation Corporation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Los Angeles
State
California
Year formed
2017
Most recent tax filings
2024-06-01
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
Description
Watts of Power Foundation Corporation provides free food and educational programs for at risk children and other members of our community, coordinates self-help programs for the homeless, and partners with governmental and private organizations. The foundation has completed all planned community programs and helped numerous homeless individuals through coordination with other organizations. They have also significantly increased educational attendance from past years.
Total revenues
$639,895
2024
Total expenses
$728,046
2024
Total assets
$258,182
2024
Num. employees
1
2024

Program areas at Watts of Power Foundation Corporation

All planned community prorams completed. Numerous homeless helped through cordination with other organizations. Educational attendance increased signifcantly from past years.

Who funds Watts of Power Foundation Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NewSchools Venture Fund (NSVF)Diverse Leaders & Racial Equity$520,000
Tides FoundationEquity, Human Rights, and Economic Empowerment$100,000
Durfee FoundationSpringboard Fund$35,000
...and 4 more grants received

Personnel at Watts of Power Foundation Corporation

NameTitleCompensation
Sherri BrewerSenior Vice President, Chief Retail Officer of Oneunited Bank
Peter WattsExecutive Director$100,962
David ValentinePast Treasurer$0

Financials for Watts of Power Foundation Corporation

RevenuesFYE 06/2024
Total grants, contributions, etc.$163,527
Program services$476,368
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$639,895

Form 990s for Watts of Power Foundation Corporation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-03990View PDF
2023-062023-09-11990View PDF
2022-062022-08-31990View PDF
2021-062021-08-12990EZView PDF
2021-062021-07-20990EZView PDF
Data update history
December 5, 2024
Posted financials
Added Form 990 for fiscal year 2024
November 27, 2024
Updated personnel
Identified 7 new personnel
November 25, 2024
Received grants
Identified 2 new grant, including a grant for $520,000 from NewSchools Venture Fund (NSVF)
August 7, 2024
Updated personnel
Identified 4 new personnel
July 12, 2024
Received grants
Identified 1 new grant, including a grant for $20,558 from California Community Foundation
Nonprofit Types
Grantmaking organizationsCorporate foundationsSchoolsCharities
Issues
EducationHomelessness
Characteristics
Partially liquidatedReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1613 W 20th St
Los Angeles, CA 90007
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
wattsofpowerfoundation.org/ 
Phone
(213) 361-9211
IRS details
EIN
83-4510126
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0279009
FTB Entity ID
4048932
AB 488 data last updated ("as-of") date
2024-12-31
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