Emancipation Economic Development Council
- Assets
- $136.8k
- Revenue
- $181.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-4288292
Organization Overview
Emancipation Economic Development Council is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Emancipation Economic Development Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emancipation Economic Development Council 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, Emancipation Economic Development Council generated $181.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $301.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 4 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENGAGEMENT EFFORTS ARE CREATED WITH THE TERM UJIMA IN MIND IN AN EFFORT TO BUILD AND MAINTAIN OUR COMMUNITY TOGETHER AND TO MAKE OUR BROTHERS AND SISTERS PROBLEMS, OUR PROBLEMS, AND SOLVE THEM TOGETHER. THE GOALS OF RESIDENT ENGAGEMENT ARE TO PROTECT VULNERABLE RESIDENTS FROM DISPLACEMENT, PROMOTE SOCIAL AND POLITICAL INTEGRATION OF ECONOMICALLY MARGINALIZED RESIDENTS, AND TO SUPPORT THE SOCIAL MOBILITY OF ECONOMICALLY DISADVANTAGED RESIDENTS.
CONDUCTED TRAINING CLASSES FOR SMALL BUSINESS OWNERS WHICH INCLUDED MARKETING/ADVERTISING, UNDERSTANDING YOUR FINANCES, IMPORTANCE OF GOOD CREDIT, TAX COMPLIANCE, BUDGETING, ACCOUNTING/BOOKKEEPING, AND WRITING A BUSINESS PLAN.
THE EMANCIPATION AVENUE MAIN STREET PROGRAM CREATES AND SUPPORTS EQUITABLE ECONOMIC DEVELOPMENT BY REVITALIZING COMMERCE, CELEBRATING AFRICAN AMERICAN CULTURE, AND PROMOTING CREATIVITY ON THE EMANCIPATION AVENUE CORRIDOR IN HOUSTONS HISTORIC THIRD WARD COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Neal Executive Director | Officer | 40 | $93,017 |
Judson Robinson Board Member | Trustee | 2 | $0 |
Rae Ann George Board Member | Trustee | 2 | $0 |
Dolores Rodgers Board Secretary | Officer | 2 | $0 |
Marilyn White Board Treasurer | Officer | 2 | $0 |
John Eigege Board Vice Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,436 |
| Total Program Service Revenue | $760 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,196 |
| 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. | $93,017 |
| Compensation of current officers, directors, key employees. | $93,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,763 |
| Payroll taxes | $12,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $5,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,145 |
| Advertising and promotion | $18,475 |
| Office expenses | $6,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,851 |
| Travel | $860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $962 |
| All other expenses | $3,226 |
| Total functional expenses | $301,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,753 |
| Accounts payable and accrued expenses | $2,593 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,593 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $134,160 |
| Total liabilities and net assets/fund balances | $136,753 |