Empower Foundation
- Assets
- $321.7k
- Revenue
- $130.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-6530204
Organization Overview
Empower Foundation is located in Jersey City, NJ. The organization was established in 2019. 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. Empower 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 12/2023, Empower Foundation generated $130.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $46.6k during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,014 |
| 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 | $0 |
| Total Revenue | $130,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $632 |
| Total operating and administrative expenses | $40,632 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $46,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,471 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $272,190 |
| Total assets | $321,661 |
| 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, Empower Foundation has awarded $6,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OPEN SATS INITIATIVE INC PURPOSE: SUPPORT AND MAINTAIN A SUSTAINABLE ECOSYSTEM OF FUNDING FOR FREE AND OPEN-SOURCE PROJECTS AND CONTRIBUTORS. OPEN SATS INITIATIVE INC. IS A 501C NON-PROFIT ORGANIZATION. | $1,000 |
HUMAN RIGHTS FOUNDATION PURPOSE: SUPPORT NONPARTISAN INITIATIVES TO PROMOTE AND PROTECT HUMAN RIGHTS GLOBALLY WITH A FOCUS ON CLOSED SOCIETIES BY PROVIDING DIRECT SUPPORT TO WORLD CHANGING ACTIVISTS CREATING INNOVATIVE SOLUTIONS TO COMBAT HUMAN RIGHTS ABUSES AND RAISING GLOBAL AWARENESS OF THESE ISSUES. HUMAN RIGHTS FOUNDATION IS A 501C3 NON-PROFIT ORGANIZATION. | $1,000 |
AMERICA'S FRONTLINE DOCTORS PURPOSE: SUPPORTING AND HELPING TO AMPLIFY THE VOICES OF CONCERNED PHYSICIANS AND PATIENTS NATIONWIDE TO COMBAT THOSE WHO PUSH POLITICAL AND ECONOMIC AGENDAS AT THE EXPENSE OF SCIENCE AND QUALITY HEALTHCARE SOLUTIONS. EMPOWERING DOCTORS TO ADDRESS OUR NATION'S HEALTHCARE CHALLENGES. AMERICA'S FRONTLINE DOCTORS IS A 501C3 NON-PROFIT ORGANIZATION. | $1,000 |
FLCCC ALLIANCE PURPOSE: SUPPORT TREATMENT PROTOCOLS TO PREVENT THE TRANSMISSION OF COVID-19 AND TO IMPROVE THE OUTCOMES OF PATIENTS WITH THE DISEASE. FLCCC ALLIANCE IS A 501C3 NON-PROFIT ORGANIZATION. | $1,000 |
BRINK TECHNOLOGY INC PURPOSE: SUPPORT AND STRENGTHEN OPEN SOURCE PROTOCOLS AND NETWORKS THROUGH FUNDAMENTAL RESEARCH AND DEVELOPMENT. ADDITIONALLY TO SUPPORT THE DEVELOPER COMMUNITY THROUGH FUNDING EDUCATION AND MENTORING. BRINK TECHNOLOGY INC IS A 501C3 NON PROFIT ORGANIZATION. | $1,000 |
BPI PURPOSE: SUPPORTING NONPARTISAN EFFORTS AND RESEARCHING POLICY AND SOCIETAL IMPLICATIONS OF DIGITAL ASSETS AND EMERGING MONETARY NETWORKS. BPI IS A 501C3 NON-PROFIT ORGANIZATION. | $1,000 |