Nonprofit · EIN 87-4308047
POWER OF PENNIES
Tax-exempt · WARREN, NJ 07059
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,250 | $3,322 | $2,928 | $46,574 | $0 | $46,574 |
| December 31, 2024 | 990-PF | $10,908 | $2,515 | $8,393 | $43,646 | $0 | $43,646 |
| December 31, 2023 | 990-PF | $11,306 | $3,202 | $8,104 | $35,353 | $100 | $35,253 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,250
Expenses
- Grants and similar amounts paid
- $0
Balance sheet and other
- Total assets, start of year
- $43,646
- Total assets, end of year
- $46,574
- Total liabilities, end of year
- $0
- Net assets, end of year
- $46,574
- Fair market value of assets
- $46,574
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABHINAV PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | EXECUTIVE DIRECTOR | 5 | $0 |
| ANUPAMA PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | DIRECTOR | 3 | $0 |
| JAY HYSENBEGASI 40 VILLAGE ROAD APT 211, MIDDLETON, MA 01949 | BOARD MEMBER | 3 | $0 |
| SIDHANT PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | BOARD MEMBER | 2 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABHINAV PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | EXECUTIVE DIRECTOR | 5 | $0 |
| ANUPAMA PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | DIRECTOR | 3 | $0 |
| JAY HYSENBEGASI 40 VILLAGE ROAD APT 211, MIDDLETON, MA 01949 | BOARD MEMBER | 3 | $0 |
| SIDHANT PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | BOARD MEMBER | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABHINAV PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | EXECUTIVE DIRECTOR | 5 | $0 |
| ANUPAMA PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | DIRECTOR | 3 | $0 |
| JAY HYSENBEGASI 40 VILLAGE ROAD APT 211, MIDDLETON, MA 01949 | BOARD MEMBER | 3 | $0 |
| SIDHANT PORWAL 14 SCHEURMAN TERRACE, WARREN, NJ 07059 | BOARD MEMBER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 14 SCHEURMAN TER, WARREN, NJ 07059-7154
- Signed the 990-PF
- ABHINAV PORWAL, EXECUTIVE DIRECTOR
- Phone
- (201) 270-8788
- Return prepared by
- AJAY KHANNA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-4308047
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $46,574
- Income (IRS master file)
- $6,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,250 | $3,322 | $46,574 | XML |
| 990-PF | December 2024 | $10,908 | $2,515 | $43,646 | XML |
| 990-PF | December 2023 | $11,306 | $3,202 | $35,353 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
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 87-4308047).
Questions about POWER OF PENNIES
- What is the EIN of POWER OF PENNIES?
- The employer identification number (EIN) of POWER OF PENNIES is 87-4308047.
- Is POWER OF PENNIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to POWER OF PENNIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does POWER OF PENNIES file?
- Form 990-PF. Private foundations file every year.
- When is the next return of POWER OF PENNIES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWER OF PENNIES last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of POWER OF PENNIES?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does POWER OF PENNIES have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,250, expenses of $3,322 and total assets of $46,574 at year end.
Other nonprofits in WARREN
- SEGAL FAMILY FOUNDATION INC EIN 56-2446941 · last filed 990-PF for 2024
- FOCUS AUTISM INC EIN 27-3400299 · last filed 990-PF for 2024
- SUNBIRD FOUNDATION EIN 87-3338337 · last filed 990-PF for 2025
- HILLER FAMILY FOUNDATION INC EIN 20-0849460 · last filed 990-PF for 2025
- DANKIS CHRISTIAN FOUNDATION INC EIN 04-3700494 · last filed 990-PF for 2024
- A&S GIANCRISTOFARO FAMILY FOUNDATION INC EIN 22-3761116 · last filed 990-PF for 2025
- CARUSO FAMILY FOUNDATION INC EIN 47-5112316 · last filed 990-PF for 2025
- T Y LEE FAMILY FOUNDATION INC EIN 06-1713883 · last filed 990-PF for 2025
All nonprofits in WARREN · New Jersey · Philanthropy, voluntarism and grantmaking foundations