Community Empowerment Fund
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Chapel Hill, NC
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 27-0428981
Organization Overview
Community Empowerment Fund is located in Chapel Hill, NC. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community Empowerment Fund employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Empowerment Fund 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, Community Empowerment Fund generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $824.3k during the year ending 12/2021. While expenses have increased by 16.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE OPPORTUNITIES, ASSETS AND COMMUNITIES THAT SUPPORT THE ALLEVIATION OF HOMELESSNESS AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE PROGRAM:CONNECTED OVER 3,100 HOMELESS AND NEAR-HOMELESS INDIVIDUALS WITH SUPPORTIVE COMMUNITY RESOURCES (E.G. EMPLOYMENT, FOOD, HEALTH, FINANCIAL SERVICES). SPECIFIC OUTCOMES INCLUDE ASSISTING 93 INDIVIDUALS IN GAINING NEW EMPLOYMENT AND BENEFITS AND ASSISTING 100 HOUSEHOLDS IN MAKING SUCCESSFUL TRANSITIONS FROM HOMELESSNESS WHICH RESULTED IN A HOME FOR 145 INDIVIDUALS (INCLUDING CHILDREN AND DEPENDENTS).
SAVINGS PROGRAM:ENABLED 135 HOMELESS AND NEAR-HOMELESS INDIVIDUALS TO SAVE $108,642 TOWARDS PERSONAL SAVINGS GOALS BY PROVIDING GOAL ORIENTED, MATCHED SAVINGS ACCOUNTS AND PERSONALIZED MONEY MANAGEMENT ASSISTANCE. THE PROGRAM ALSO PROVIDES LOW-INCOME INDIVIDUALS WITH FINANCIAL COACHING, JOB READINESS TRAINING AND RELATIONSHIP-BASED SUPPORT FOR ACHIEVING GREATER FINANCIAL STABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Carrington Executive Director | Officer | 40 | $68,333 |
Ari Rosenberg Finance Director | Officer | 40 | $61,715 |
Brian Smith Chair | OfficerTrustee | 3 | $0 |
Carolyn Fryberger Treasurer | OfficerTrustee | 3 | $0 |
Karen Eldridge Vice Chair | OfficerTrustee | 3 | $0 |
Tara Murray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,553 |
| All other contributions, gifts, grants, and similar amounts not included above | $907,814 |
| Noncash contributions included in lines 1a–1f | $19,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,174,367 |
| Total Program Service Revenue | $0 |
| Investment income | $1,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,176,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,747 |
| Compensation of current officers, directors, key employees. | $43,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,175 |
| Payroll taxes | $39,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,139 |
| Advertising and promotion | $107 |
| Office expenses | $5,030 |
| Information technology | $6,654 |
| Royalties | $0 |
| Occupancy | $61,837 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,314 |
| Insurance | $3,618 |
| All other expenses | $4,566 |
| Total functional expenses | $824,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,171 |
| Savings and temporary cash investments | $575,448 |
| Pledges and grants receivable | $176,229 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,387 |
| Prepaid expenses and deferred charges | $1,391 |
| Net Land, buildings, and equipment | $144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,485 |
| Total assets | $1,301,255 |
| Accounts payable and accrued expenses | $46,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $104,048 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,291 |
| Net assets without donor restrictions | $1,048,464 |
| Net assets with donor restrictions | $102,500 |
| 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 | $1,301,255 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Community Empowerment Fund has recieved totaling $356,628.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $199,134 |
The Duke Energy Foundation Charlotte, NC PURPOSE: JUSTICE, EQUITY, & INCLUSION | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Mead Family Foundation Bethesda, MD PURPOSE: DISCRETIONARY GRANT | $15,000 |
Blumenthal Foundation For Charity Religion Education & Better Inter- Charlotte, NC PURPOSE: THE SECOND PAYMENT ON THE $25,000.00 GRANT FOR THE WORK THEY DO WITH LOW-INCOME FAMILIES. | $12,500 |
Blumenthal Foundation For Charity Religion Education & Better Inter- Charlotte, NC PURPOSE: A GRANT TO HELP GROW AND DEEPEN THE PROGRAMS TO ALLEVIATE HOMELESSNESS AND POVERTY INCLUDING CE... | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |