Power Of The Dream Inc, Handmeups in Raleigh, North Carolina (NC)

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Power Of The Dream Inc, Handmeups
Employer Identification Number (EIN)262781679
Name of OrganizationPower Of The Dream Inc
Secondary NameHandmeups
In Care of NameAnna Cunningham
Address12736 Waterman Dr, Raleigh, NC 27614
Websitehttp://www.thepowerofthedream.org
SubsectionCharitable Organization
Ruling Date07/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$115,021
Amount of Income$118,524
Form 990 Revenue Amount$118,524
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Vocational Training


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Amount of income in 2012: $118,524 (it was $118,524 in 2013)
This organization: 

 $118,524
Other organizations performing similar types of work: 

 $133,002

Assets in 2012: $115,021 (it was $115,021 in 2013)
Power Of The Dream Inc, Handmeups: 

 $115,021
Other organizations performing similar types of work: 

 $63,305

Expenses in 2013: $48,393
Power Of The Dream Inc, Handmeups: 

 $48,393
Other organizations performing similar types of work: 

 $133,204

Income to expenses ratio in 2013: 2.4
Power Of The Dream Inc, Handmeups: 

 2.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 24.7%
This organization: 

 24.7%
Other organizations performing similar types of work: 

 79.8%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$118,524
Contributions, gifts, grants, and similar amounts received$29,324
Program service revenue including government fees and contracts$88,846
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$354
Total expenses$48,393
Total net assets$113,636
Excess/Deficit for the year$70,131
Net assets or fund balances at beginning of year$43,505
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$113,636
Balance Sheets
2013
Total assets$115,021
Total liabilities$1,385
Net assets or fund balances$113,636
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$161,589
Subtotal$161,589
Gifts, grants, contributions, and membership fees received$72,743
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$88,846
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$161,589
Public support$161,589
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Reach Out First Inc617 N Elm St, Greensboro, NC 27401-2019NC2011-08$316,069
2Third Reconstruction Institute4907 Garrett Rd, Durham, NC 27707-3443NC2002-09$177,879
3Power Of The Dream Inc, Handmeups12736 Waterman Dr, Raleigh, NC 27614NC2009-07$118,524
4Training For Success From The Street To The Seat916 Lamond Ave, Durham, NC 27701-2019NC2004-08$80,031
5Reiki Foundation InternationalPo Box 251, Fairview, NC 28730NC1997-07$49,750
6Ppre-Forevergreen Of Charlotte Inc, Joseph Thomas Robinson Jr Mbr5920 Glendale Chase Ct Apt 306, Charlotte, NC 28217-0068NC2014-03$26,850
7Troika International IncPO BOX 5600, Winston Salem, NC 27113-5600NC2001-11$12,717
8Difference Makers FoundationPO BOX 550291, Gastonia, NC 28055-0291NC2009-07$1,000
9Wci Educational Foundation1 Town Square Blvd Ste 100, Asheville, NC 28803-5013NC2003-08$1
10Aarc IncorporatedPo Box 97636, Raleigh, NC 27624NC2008-08$0
11Break The Chains Inc9725 Fayetteville Rd, Raleigh, NC 27603-8879NC2001-09$0
12Bulldog Financial Services Inc7412 Alcoa Way, Wilmington, NC 28411NC2009-06$0
13Career AcademyPo Box 36114, Greensboro, NC 27416NC2014-03$0
14Committee On Accreditation For Advanced Cardiovascular Sonography2100 Gateway Centre Blvd Ste 310, Morrisville, NC 27560NC2015-01$0
15Dear Mothers Quality Food Development Corp6838 Melody Ln, Charlotte, NC 28215-7786NC2011-02$0
16Educational & Training Service Center Of Coastal Carolina Inc313 Winchester Rd, Jacksonville, NC 28546NC2010-09$0
17Eprahs Audio & Video Training Institute Inc7204 Newell Acres Dr, Charlotte, NC 28215NC2005-11$0
18Grandpas Children Inc, First People Heritage Center Plum Tree Market Place106 South George Street, Goldsboro, NC 27530NC2003-03$0
19Greater Works IncPO BOX 3275, Lumberton, NC 28359NC2005-07$0
20Hope 4 Haircuts Foundation Inc1704 Cobblestone Dr, Creedmoor, NC 27522-7355NC2014-08$0
Number of organizations performing similar types of work
Alaska7
Alabama40
Arkansas7
Arizona15
California187
Colorado20
Connecticut5
District of Columbia42
Delaware3
Florida97
Georgia63
Hawaii11
Iowa9
Idaho6
Illinois78
Indiana38
Kansas6
Kentucky14
Louisiana22
Massachusetts27
Maryland49
Maine8
Michigan56
Minnesota19
Missouri28
Mississippi17
Montana7
North Carolina51
North Dakota3
Nebraska8
New Hampshire4
New Jersey24
New Mexico12
Nevada13
New York68
Ohio50
Oklahoma14
Oregon22
Pennsylvania46
Rhode Island6
South Carolina16
South Dakota4
Tennessee27
Texas95
Utah7
Virginia49
Vermont2
Washington35
Wisconsin15
West Virginia4
Wyoming7
International6
Total1,469

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