Empowerment Foundation
- Assets
- $5.0m
- Revenue
- $96.6k
- Investments
- $914.9k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 38-3384718
Organization Overview
Empowerment Foundation is located in Louisville, KY. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empowerment 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 12/2022, Empowerment Foundation generated $96.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $270.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Empowerment Foundation has awarded 88 individual grants totaling $1,296,755. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhagwan P Thacker Presidentdirector | 0 | $0 | |
Gary J Miller Treasurer | 0 | $0 | |
Kavita Thacker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,637 |
| Dividends & Interest | $91,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,662 |
| Contributions, gifts, grants paid | $265,557 |
| Total expenses and disbursements | $270,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,085,592 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,001,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Empowerment Foundation has awarded $265,557 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM KENTUCKY FUND-KENTUCKY TORNADO RELIEF FUND PURPOSE: WESTERN KENTUCKY TORNADO RELIEF FUND | $2,835 |
GLOBALGIVING PURPOSE: UKRAINE SUPPORTRELIEF | $4,720 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL FUND | $3,500 |
SHADES OF PINK PURPOSE: GENERAL FUND | $2,000 |
THE MILK BANK PURPOSE: GENERAL FUND | $2,000 |
DARSA PURPOSE: GENERAL FUND | $210,084 |