Mypower Inc in Hobbs, New Mexico (NM)

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Mypower Inc
Employer Identification Number (EIN)270752133
Name of OrganizationMypower Inc
AddressPO BOX 1756, Hobbs, NM 88241-1756
SubsectionCharitable Organization
Ruling Date10/2009
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 Period06/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$94,882
Amount of Income$169,412
Form 990 Revenue Amount$169,412
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Children's, Youth Services


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Amount of income in 2012: $169,412 (it was $189,020 in 2011)
Mypower Inc: 

 $169,412
Other organizations performing similar types of work: 

 $169,412

Assets in 2012: $94,882 (it was $66,620 in 2011)
This organization: 

 $94,882
Other organizations performing similar types of work: 

 $94,882

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$169,412
Contributions, gifts, grants, and similar amounts received$169,412
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$145,104
Total net assets$85,647
Excess for the year$24,308
Net assets or fund balances at beginning of year$61,339
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$94,882
Total liabilities$9,235
Net assets or fund balances$85,647
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$388,149
Gifts, grants, contributions, and membership fees received$388,149
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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