Powermark Corporation in Port St Lucie, Florida (FL)
Table of contents:
| Powermark Corporation | |
| Employer Identification Number (EIN) | 860820037 |
| Name of Organization | Powermark Corporation |
| In Care of Name | Stephen Chalmers |
| Address | 1842 Se Beving Ave, Port St Lucie, FL 34952-5857 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization organized and operated to test for public safety |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $41,225 |
| Amount of Income | $163,231 |
| Form 990 Revenue Amount | $163,231 |
| National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Physical Sciences, Earth Sciences Research and Promotion |
Non-representatives - add comments:
Amount of income in 2014: $163,231 (it was $347,568 in 2013)
| Powermark Corporation: | $163,231 |
| Other organizations performing similar types of work: | $82,849 |
Assets in 2014: $41,225 (it was $43,167 in 2013)
| This organization: | $41,225 |
| Other organizations performing similar types of work: | $66,196 |
Expenses in 2014: $165,173
| This organization: | $165,173 |
| Other organizations performing similar types of work: | $58,728 |
Income to expenses ratio in 2014: 1.0
| Powermark Corporation: | 1.0 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 100.0%
| Powermark Corporation: | 100.0% |
| Other organizations performing similar types of work: | 0.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $163,231 | |||
| Contributions, gifts, grants, and similar amounts received | $163,231 | |||
| Program service revenue including government fees and contracts | $0 | |||
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | |||
| Other revenue | $0 | |||
| Total expenses | $165,173 | |||
| Total net assets | $41,225 | |||
| Excess/Deficit for the year | $-1,942 | |||
| Net assets or fund balances at beginning of year | $43,167 | |||
| Other changes in net assets or fund balances | $0 | |||
| Net assets or fund balances at end of year | $41,225 | |||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $33,532 | $39,328 | $43,167 | $41,225 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $41,225 | |||
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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? | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |||
| Has the organization filed a Form 990-T for the year? | No | 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 | No | ||
| Reason for Public Charity Status (for 2014) | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $1,604,996 |
| Subtotal | $1,604,996 |
| Gifts, grants, contributions, and membership fees received | $1,604,996 |
| 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 | $0 |
| 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 | $1,604,996 |
| Public support | $1,604,996 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sequoia Farm Foundation | 145 N Merchant St, Decatur, IL 62523-1216 | IL | 2013-04 | $23,723,116 |
| 2 | Science Friday Initiative Inc | 19 W 44th St Ste 412, New York, NY 10036-5900 | NY | 2003-12 | $2,521,893 |
| 3 | Washington Aerospace Scholarsfoundation | 9404 E Marginal Way S, Tukwila, WA 98108-4097 | WA | 2007-04 | $1,703,740 |
| 4 | Smart Tech Challenges Foundation | 225 Bush St Ste 1200, San Francisco, CA 94104-4254 | CA | 2014-09 | $1,510,219 |
| 5 | Shodor Education Foundation Inc | 807 E Main St Ste 7100, Durham, NC 27701-4072 | NC | 1995-08 | $1,083,330 |
| 6 | Global Underwater Explorers Inc | 15 S Main St, High Springs, FL 32643-2662 | FL | 2001-07 | $799,552 |
| 7 | Earthrise Space Foundation Inc | 3251 Progress Dr Ste D Rm 232, Orlando, FL 32826-2931 | FL | 2012-09 | $625,906 |
| 8 | Florida Science Olympiad Incorporated | 825 S Bumby Ave, Orlando, FL 32803-6614 | FL | 2004-02 | $312,150 |
| 9 | Powermark Corporation | 1842 Se Beving Ave, Port St Lucie, FL 34952-5857 | FL | 1999-04 | $163,231 |
| 10 | Expermental Aircraft Association Inc Chapter 908 | 3100 Ind Ave 3, Fort Pierce, FL 34946-8662 | FL | 2005-12 | $33,091 |
| 11 | American Green Lodging And Hospitality Association Inc | 4580 Berklie Drive, Tallahassee, FL 32308 | FL | 2014-05 | $1,500 |
| 12 | Albert Whitted Airfest Inc | 1636 First Avenue North, St Petersburg, FL 33713 | FL | 2007-01 | $0 |
| 13 | Astronauts For Hire | 209 Harmony Ln, Titusville, FL 32780 | FL | 2011-08 | $0 |
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| 15 | Fossil Club Of Lee County Inc | 1821 Se 5th Terrace, Cape Coral, FL 33990 | FL | 2014-07 | $0 |
| 16 | High Pressure Science Society Of America Corp | 11455 Sw92 Ct, Miami, FL 33176-4206 | FL | 2008-11 | $0 |
| 17 | Infinite Quanta | 85290 Shinnecock Hills Drive, Fernandina, FL 32034 | FL | 2004-07 | $0 |
| 18 | Inventors Educational Foundation Inc | 4106 San Amaro Drive, Coral Gables, FL 33146 | FL | 1998-09 | $0 |
| 19 | Steps To The Stars | 780 Seneca Meadows Road, Winter Springs, FL 32708 | FL | 2011-09 | $0 |
| 20 | Worldview Institute | 20 Calabria Ave Apt 303, Coral Gables, FL 33134-3106 | FL | 2002-04 | $0 |
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