The Millennial Empowerment Foundation
- Assets
- $64.7k
- Revenue
- $10.2k
- Investments
- $52.3k
- Employees
- 0
- Location
- Bacliff, TX
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 77-6197868
Organization Overview
The Millennial Empowerment Foundation is located in Bacliff, TX. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Millennial 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, Millennial Empowerment Foundation generated $10.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $8.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominick Nguyen Pres CFO Dir | 3 | $0 | |
Elizabeth Nguyen Secy Dir | 3 | $0 | |
Vincent Nguyen VP | 1 | $0 | |
Angela Nguyen VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,955 |
| Capital Gain Net Income | $1,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $640 |
| Printing and publications | $0 |
| Other expenses | $3,265 |
| Total operating and administrative expenses | $5,624 |
| Contributions, gifts, grants paid | $3,293 |
| Total expenses and disbursements | $8,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,407 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,723 |
| 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, The Millennial Empowerment Foundation has awarded $3,293 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMMAUS SPIRITUALITY CENTER PURPOSE: GENERAL FUND | $1,793 |
HOLY MARTYRS OF VIETNAM PURPOSE: GENERAL FUND | $1,500 |