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.
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 |
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 |