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Filing year 2024

5MPower Foundation

Charlotte, North Carolina·EIN 45-3175862·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$34k
Total assets
$664k
Total expenses
$34k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. 5MPower Foundation reported 2 unpaid officers and board members on its 990-PF.

Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$30k

Itemized grants

2

Median grant

$15k

RecipientLocationPurposeAmount
Atrium Health Levine Cancer InstitueCharlotte, NCchartitable purposes$25k
Marietta CollegeMarietta, OHeducational purposes$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

5MPower Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$23k
$35k
2023
$34k
$34k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

5MPower Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in North Carolina earns a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina
FAQ

Common questions about 5MPower Foundation

What are 5MPower Foundation's revenue and expenses?

In 2024, 5MPower Foundation reported $34k in total revenue and $34k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.