Empowerment Inc
- Assets
- $5.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Chapel Hill, NC
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 56-1965772
Organization Overview
Empowerment Inc is located in Chapel Hill, NC. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Empowerment Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empowerment Inc 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 Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 4 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
TO MOBILIZE LOW INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMPOWER PEOPLE AND COMMUNITIES TO CONTROL THEIR OWN DESTINY THROUGH AFFORDABLE HOUSING, ADVOCACY, COMMUNITY ORGANIZING AND GRASSROOTS ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alean Farrington President | OfficerTrustee | 1 | $0 |
Laura Wright Secretary | OfficerTrustee | 1 | $0 |
Linda Bynum Vice President | OfficerTrustee | 1 | $0 |
David Bright Treasurer | OfficerTrustee | 1 | $0 |
Emila Sutton Director | Trustee | 1 | $0 |
Danita Mason-Hogans Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $416,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,344 |
| Total Program Service Revenue | $638,519 |
| Investment income | $836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,492,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,073 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,334 |
| Compensation of current officers, directors, key employees. | $33,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,054 |
| Payroll taxes | $23,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,040 |
| Advertising and promotion | $0 |
| Office expenses | $60,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,705 |
| Travel | $296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,360 |
| Interest | $78,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,067 |
| Insurance | $37,336 |
| All other expenses | $13,567 |
| Total functional expenses | $1,048,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,502 |
| Savings and temporary cash investments | $332,335 |
| Pledges and grants receivable | $196,026 |
| Accounts receivable, net | $35,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $113,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,841,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,638 |
| Other assets | $0 |
| Total assets | $5,831,416 |
| Accounts payable and accrued expenses | $29,928 |
| 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 | $1,484,010 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,976 |
| Total liabilities | $1,574,914 |
| Net assets without donor restrictions | $300,868 |
| Net assets with donor restrictions | $3,955,634 |
| 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 | $5,831,416 |