Collegiate Empowerment Company Inc
- Assets
- $303.3k
- Revenue
- $503.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Easton, PA
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 23-2881881
Organization Overview
Collegiate Empowerment Company Inc, operating under the name Collegiate Empowerment, is located in Easton, PA. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Collegiate Empowerment employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate Empowerment 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 12/2023, Collegiate Empowerment generated $503.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $539.9k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PURPOSE IS TO COLLABORATE WITH INDIVIDUALS AND ORGANIZATIONS TO GRANT THEM THE AUTHORITY TO ADVANCE EDUCATION AND THE POWER TO TRANFORM LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, COLLEGIATE EMPOWERMENT CONDUCTED 200 LIVE EDUCATIONAL PERFORMANCES VIA OUR WHAT EVERY COLLEGE STUDENT NEEDS TO KNOW EDUCATIONAL PLATFORM THROUGHOUT THE US, REACHING 40,719 STUDENT ASPIRANTS FROM OVER 150 SCHOOLS, COLLEGES, AND COMMUNITY ORGANIZATIONS IN 24 STATES. THESE 200 PERFORMANCES WERE DELIVERED BY OUR DYNAMIC TEAM OF 20 EDUCATIONAL PERFORMERS.
IN 2023, COLLEGIATE EMPOWERMENT ALSO LAUNCHED THE WEALTHY GRAD PLATFORM. THIS EDUCATIONAL PLATFORM WAS DESIGNED TO REACH HIGH SCHOOL STUDENTS FROM BOTH RURAL AND URBAN COMMUNITIES, AIMED AT ELEVATING THE TOTAL WELL-BEING OF THE NEXT GENERATION. LED BY A DIVERSE AND MULTI-RACIAL TEAM OF FIRST GENERATION COLLEGE STUDENTS FROM COMMUNITY COLLEGES AND TRADITIONAL 4-YEAR INSTITUTIONS, THE PROJECT MADE SIGNIFICANT STRIDES IN CARBON COUNTY, PA, A PENNSYLVANIA COUNTY WHICH LACKS AN INSTITUTION OF HIGHER EDUCATION WITHIN ITS BORDERS. THE WEALTHY GRAD PROJECT WAS SUCCESSFULLY LAUNCHED AT FIVE OF THE SIX COUNTYS HIGH SCHOOLS AND SERVED OVER 1,750 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J D'angelo Executive Producer | Officer | 60 | $26,542 |
Christine D'angelo President Treasurer | OfficerTrustee | 12 | $1,719 |
Jeremy Clark ESQ Secretary | OfficerTrustee | 2 | $0 |
Jack Gottlieb Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,782 |
| Total Program Service Revenue | $491,684 |
| Investment income | $5,613 |
| 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 | $503,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,267 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,951 |
| Payroll taxes | $2,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,078 |
| Fees for services: Accounting | $12,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,179 |
| Advertising and promotion | $1,134 |
| Office expenses | $10,505 |
| Information technology | $11,283 |
| Royalties | $77,717 |
| Occupancy | $28,771 |
| Travel | $23,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,636 |
| All other expenses | $0 |
| Total functional expenses | $539,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,347 |
| Savings and temporary cash investments | $146,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,500 |
| Prepaid expenses and deferred charges | $548 |
| Net Land, buildings, and equipment | $35,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $303,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $397,450 |
| Other liabilities | $10,059 |
| Total liabilities | $407,509 |
| Net assets without donor restrictions | -$104,239 |
| Net assets with donor restrictions | $0 |
| 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 | $303,270 |