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Nonprofit · EIN 27-3497929

POWER ACCESS INC

Also known as ABILITY EXPLOSION

Tax-exempt (reinstated) · MIAMI BEACH, FL 33139

Financials

$339K$366K2024
Revenue Expenses · by fiscal year end
Financials of POWER ACCESS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990$339,295$366,113-$26,818$85,737$82,810$2,927
Financial details: 990 for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$339,295
of which government grants
$25,472
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
Accounting fees
$4,800
Travel
$10,136
Program services (functional)
$355,649
Management and general (functional)
$10,464

Balance sheet and other

Total assets, start of year
$63,500
Total assets, end of year
$85,737
Total liabilities, end of year
$82,810
Net assets, end of year
$2,927
Gross receipts
$339,295
Employees
0
Year formed
2010
State of legal domicile
FL

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 February 28, 2025, highest compensation first.

NameTitleHours / weekCompensation
Lori BakkumExecutive Director
Officer
8$49,070
Cecilia VelascoVice President
Trustee or director
5$0
Saul GrossTreasurer
Trustee or director
2$0
Amani AyersDirector
Trustee or director
2$0
Enrique ArceDirector
Trustee or director
2$0
Sabrina CohenDirector
Trustee or director
2$0
Patrick FeeneyDirector
Trustee or director
2$0
Leticia LatinoDirector
Trustee or director
2$0
Henry WilliamsDirector
Trustee or director
2$0
David NewPresident
Officer
10$0

Address and contacts

Address (IRS master file)
1616 MICHIGAN AVE APT 1, MIAMI BEACH, FL 33139-2515
In care of
% DVID NEW
Mailing address (990-N for 2016)
1616 MICHIGAN AVENUE UNIT 1, MIAMI BEACH FL 33139
Principal officer (990-N for 2016)
DAVID NEW, 1616 MICHIGAN AVENUE UNIT 1, MIAMI BEACH FL 33139
Signed the 990
DVID NEW, Chair
Phone
(561) 703-9716
Return prepared by
Dave Roberts CPA PA

Mission

To raise funds to promote disability awareness and develop technologies to facilitate accessibility for all.

990 for the year ended February 28, 2025

Program accomplishments

  • To raise funds to promote disability awareness through the Annual Jazz Festival
    Expenses $355,649

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990 on file
2023February 29, 2024July 15, 2024Check at the IRS

IRS record

EIN
27-3497929
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
February
Files
Form 990 or 990-EZ
Assets (IRS master file)
$85,737
Income (IRS master file)
$339,295

Revocation and reinstatement

Exemption revoked
July 15, 2013
Posted by the IRS
September 8, 2014
Reinstated
Effective July 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2025$339,295$366,113$85,737XML
990December 2022$199,945$205,181$56,032IRS
990December 2021$160,375$126,574$59,384IRS
990February 2021–––IRS
990February 2020–––IRS
990February 2019–––IRS
990-EZFebruary 2018–––IRS
990-N for 2016
Officer: DAVID NEW
February 28, 2017≤ $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 27-3497929).

Questions about POWER ACCESS INC

What is the EIN of POWER ACCESS INC?
The employer identification number (EIN) of POWER ACCESS INC is 27-3497929.
Is POWER ACCESS INC tax-exempt?
Yes. The IRS revoked its exemption on July 15, 2013 and reinstated it effective July 15, 2013.
Are donations to POWER ACCESS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does POWER ACCESS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of POWER ACCESS INC due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POWER ACCESS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2025.
Who is the principal officer of POWER ACCESS INC?
The 990-N for 2016 names DAVID NEW.
Who are the officers and directors of POWER ACCESS INC?
The 990 for the year ended February 28, 2025 lists 10 people; 1 received compensation from the organization, the highest $49,070 (Lori Bakkum, Executive Director).
How much revenue does POWER ACCESS INC have?
On its 990 for the year ended February 28, 2025 it reported revenue of $339,295, expenses of $366,113 and total assets of $85,737 at year end.

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