Nonprofit · EIN 20-1578885
POWER CENTER DEVELOPMENT CORPORATION
Tax-exempt · MEMPHIS, TN 38115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,220 | $51,642 | -$49,422 | $289,625 | $36,600 | $253,025 |
| December 31, 2023 | 990 | $22,200 | $27,576 | -$5,376 | $372,522 | $70,200 | $302,322 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,220
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $1,922
- Travel
- $36
- Program services (functional)
- $41,762
- Management and general (functional)
- $9,632
- Fundraising (functional)
- $248
Balance sheet and other
- Total assets, start of year
- $372,522
- Total assets, end of year
- $289,625
- Total liabilities, end of year
- $36,600
- Net assets, end of year
- $253,025
- Land, buildings and equipment
- $198,000
- Net assets without donor restrictions
- $253,025
- Gross receipts
- $2,220
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2004
- State of legal domicile
- TN
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 |
|---|---|---|---|
| Dr Stacey L Spencer | President | – | $0 |
| Patrick Carter III | Board Member | – | $0 |
| Brody Wamble | Board VP | – | $0 |
| DrMarquetta Nebo | Secretary | – | $0 |
| Jacquelyn Johnson | Board Member | – | $0 |
| Dr Steve Ballard | Board Member | – | $0 |
| Sondretta Green | Board Member/ Treasurer-Elect | – | $0 |
| Anterrial Harris | Board Member | – | $0 |
| Rodney Brooks | Board Member | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Raushanah Morgan | Board President/Treasurer | – | $0 |
| Dr Stacey L Spencer | Board Chairman Emeritus | – | $0 |
| Patrick Carter III | Board Member | – | $0 |
| Brody Wamble | Board VP/Secretary | – | $0 |
| Chet Jackson | Board Advisor | – | $0 |
| Marquetta Nebo | Board Member | – | $0 |
| Jacquelyn Johnson | Board Member | – | $0 |
| Michael Douglas | Board Member | – | $0 |
| Dr Steve Ballard | Board Member | – | $0 |
Address and contacts
- Address (IRS master file)
- 6120 WINCHESTER RD, MEMPHIS, TN 38115-4014
- In care of
- % ANTOINETTE RUSSELL
- Mailing address (990-N for 2021)
- 6120 Winchester Rd, Memphis TN 38115
- Principal officer (990 for 2024)
- Stacy Spencer, 6120 Winchester Rd, MEMPHIS, TN 38115
- Principal officer (990-N for 2021)
- Trey Carter, 6120 Winchester Rd, Memphis TN 38115
- Signed the 990
- Stacy Spencer, President
- Phone
- (901) 333-6805
- Website
- powercentercdc.org
- Return prepared by
- MB Legacy Consulting PLLC
Mission
To promote inclusive community development, focusing on ensuring fair access to housing, healthcare, education, and economic opportunities for Hickory Hill and its neighboring areas.
Program accomplishments
- In 2024, Power Center CDC expanded its mental health programs, serving over 80 participants through free counseling and the Summer Tuesday Night Therapy series, which significantly reduced distress levels. The organization was featured in a national report, added new board members, held its annual retreat, secured a website domain, and transitioned Raushanah Morgan to Interim Executive Director. PCCDC also increased community outreach through cleanup events, a Back-to-School Drive, government meetings, and preparations for its 20th Anniversary Fundraiser, supported by 10 volunteers and 3 consultants.Expenses $41,762 · revenue $2,220
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
IRS record
- EIN
- 20-1578885
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $289,625
- Income (IRS master file)
- $2,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,220 | $51,642 | $289,625 | XML |
| 990 | December 2023 | $22,200 | $27,576 | $372,522 | XML |
| 990 | December 2022 | $332,977 | $110,350 | $422,094 | IRS |
| 990-N for 2021 Officer: Trey Carter | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-1578885).
Questions about POWER CENTER DEVELOPMENT CORPORATION
- What is the EIN of POWER CENTER DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of POWER CENTER DEVELOPMENT CORPORATION is 20-1578885.
- Is POWER CENTER DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to POWER CENTER DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POWER CENTER DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of POWER CENTER DEVELOPMENT CORPORATION 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 CENTER DEVELOPMENT CORPORATION 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 CENTER DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Stacy Spencer.
- Who are the officers and directors of POWER CENTER DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does POWER CENTER DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,220, expenses of $51,642 and total assets of $289,625 at year end.
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