Destiny Empowerment Enterprises Inc
- Assets
- $331.3k
- Revenue
- $322.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 75-2791633
Organization Overview
Destiny Empowerment Enterprises Inc is located in Arlington, TX. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destiny Empowerment Enterprises 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 12/2021, Destiny Empowerment Enterprises Inc generated $322.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $379.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SAFE SPIRITUALLY BASED AREA ENVIROMENT FOR CHILDREN AND OTHER RELIGIOUS GROUPS TO MEET WORSHIP LEARN AND PLAY TOGETHER
COMMUNITY PROGRAM AND TRAINING THROUGH MONTHLY FOOD DRIVE AND FOOD BANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Hornbuckle President | 5 | $0 | |
Celquetti Easter Board Member | 5 | $0 | |
Tangela Joseph Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,981 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $241,884 |
| Total Revenue | $321,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $266,344 |
| Pension plans, employee benefits | $609 |
| Interest | $0 |
| Taxes | $20,362 |
| Depreciation | $0 |
| Occupancy | $14,522 |
| Travel, conferences, and meetings | $6,859 |
| Printing and publications | $0 |
| Other expenses | $44,463 |
| Total operating and administrative expenses | $375,777 |
| Contributions, gifts, grants paid | $3,828 |
| Total expenses and disbursements | $379,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,681 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $327,637 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $331,318 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $10,000 |