Economic Empowerment Initiative Inc
- Assets
- $9.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumming, GA
- Founding
- 05/2004
- Data as of
- 06/2023
- EIN
- 20-0385990
Organization Overview
Economic Empowerment Initiative Inc is located in Cumming, GA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Empowerment Initiative 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 06/2023, Economic Empowerment Initiative Inc generated $22.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $33.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (23.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FINANCIAL LITERACY TO HIGH SCHOOL AND COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel T Jackson President | 40 | $0 | |
Renay Winston Director | 0 | $0 | |
Joseph Wilson Treasurer | 0 | $0 | |
Andrea Hershatter Director | 0 | $0 | |
Lashonda Council-Rogers Secretary | 0 | $0 | |
Terrance Williams Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angela Conti Contractor | 6/29/15 | $7,200 |
Orie Ward Contractor | 6/29/15 | $7,200 |
Nicholas White Contractor | 6/29/15 | $3,600 |
Nathan Edrington Contractor | 6/29/15 | $1,750 |
Edward R Mcfadden Contractor | 6/29/15 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,437 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,437 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,088 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $33,088 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,721 |
| Other assets | $0 |
| Total assets | $9,721 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,721 |