Essential Power Llc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 27 grants totaling $111K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22K
-18.8% YoY
Annual Giving
$111K
+41.5% YoY
Grant Count
27
+12.5% YoY
Avg Grant Size
$4K
+25.7% YoY
Under IRS private-foundation payout rules, Essential Power Llc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Essential Power Llc
Based on IRS filings
Essential Power Llc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 27 grants totaling $111K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,576 | $26,574 | $56,953 |
| Revenue | $107,554 | $49,417 | $69,563 |
| Expenses | $112,552 | $79,797 | $68,612 |
| Qualifying Distributions | $112,552 | $79,797 | $68,612 |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,956 | $3,198 | $3,243 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Childrens Hospital of Phila ($12,000), The Frances Foundation for Kids ($12,000), North Channel Area Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS Washington DC, DC | Disaster Relief | $4,000 |
| AMERICAN RESCUE WORKERS INC Williamsport, PA | Homelessness and Hunger Prevention | $2,000 |
| BLACK MOUNTAIN OF MAINE Rumford, ME | Promotes family activities through skiing | $3,250 |
| BRIDGEPORT PUBLIC EDUCATION FUND Bridgeport, CT | Support general youth education | $4,000 |
| CENTRAL PENNSYLVANIA FOOD BANK Harrisburg, PA | Hunger Relief | $2,000 |
| CHILD HUNGER OUTREACH PARTNERS Towanda, PA | Hunger Relief | $4,000 |
| Childrens Hospital of Phila Philadelphia, PA | Childrens hospital and medical research | $12,000 |
| DARE America Inglewood, CA | Drug awareness and prevention | $2,750 |
| GATHER Portsmouth, NH | Hunger Relief | $8,000 |
| JCC FUND New Haven, CT | Medical research for cancer | $3,140 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON SOLIMINI | TRUSTEE | 1 | — |
| GARY HEICHEL | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Essential Power Llc?
Essential Power Llc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PRINCETON, NJ. It holds $22K in total assets as of 2024.
How large is Essential Power Llc?
As of 2024, Essential Power Llc holds $22K in total assets with $108K in annual revenue. It awarded 27 grants totaling $111K in 2024.
Where does Essential Power Llc operate?
Essential Power Llc has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Maryland, Maine, Missouri, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Texas.
What size grants does Essential Power Llc award?
In 2024, Essential Power Llc awarded 27 grants totaling $111K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Essential Power Llc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Essential Power Llc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Essential Power Llc's EIN?
Essential Power Llc's EIN (Employer Identification Number) is 61-6375186. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Essential Power Llc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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