Empower-Emerging Markets Foundation
- Assets
- $10.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 03-0529005
Organization Overview
Empower-Emerging Markets Foundation is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Empower-Emerging Markets Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empower-Emerging Markets Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Empower-Emerging Markets Foundation generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER'S MISSION IS TO PARTNER WITH LOCAL ORGANISATIONS IN EMERGING MARKET COUNTRIES, AND OTHER CHANGE-MAKERS, TO ENABLE MARGINALISED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWER MADE GRANTS TO LOCAL ORGANISATIONS IN EMERGING MARKET COUNTRIES FOCUSED ON SOLUTIONS THAT INTEGRATE THE VOICES AND EXPERIENCES OF MARGINALISED YOUNG PEOPLE (AGES 10-24) AND THAT FOSTER ECONOMIC WELL-BEING, INCLUSIVE LEARNING, AND SAFE, HEALTHY LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Steele President And CEO | OfficerTrustee | 40 | $270,000 |
Eric Baurmeister Board Chair-Us | OfficerTrustee | 1 | $0 |
Beth Fredrick Treasurer/finance Chair-Us | OfficerTrustee | 1 | $0 |
Kristin Ceva Program Chair-Us | OfficerTrustee | 1 | $0 |
Robert Kushen Program Chair-Us | OfficerTrustee | 1 | $0 |
Jeremy Llewelyn Board Co-Chair-Uk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,132,036 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,181,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,313,400 |
| Total Program Service Revenue | $0 |
| Investment income | $282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,319,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,341,035 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $434,099 |
| Compensation of current officers, directors, key employees. | $89,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,086,308 |
| Pension plan accruals and contributions | $212,395 |
| Other employee benefits | $116,040 |
| Payroll taxes | $102,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,404 |
| Fees for services: Accounting | $62,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,043,932 |
| Advertising and promotion | $0 |
| Office expenses | $28,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,453 |
| Travel | $102,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,800 |
| Insurance | $5,246 |
| All other expenses | $0 |
| Total functional expenses | $11,014,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,328,092 |
| Savings and temporary cash investments | $4,995,325 |
| Pledges and grants receivable | $942,064 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,783 |
| Net Land, buildings, and equipment | $25,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,247 |
| Total assets | $10,411,489 |
| Accounts payable and accrued expenses | $344,121 |
| Grants payable | $4,155,780 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,499,901 |
| Net assets without donor restrictions | $5,193,930 |
| Net assets with donor restrictions | $717,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,411,489 |