Empower Tomorrow
- Assets
- $249.9k
- Revenue
- $219.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 84-2695250
Organization Overview
Empower Tomorrow is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Empower Tomorrow 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, Empower Tomorrow generated $219.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $81.6k during the year ending 12/2022. While expenses have increased by 15.6% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER TOMORRW IS ENGAGEDIN HELPING OUR KIDS AND YOUTH BY PROVIDING THE TOOLS AND NECESSARY MATERIALS FOR A CHILD S SUCCESS IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVID CAUSE A LOT DELAYS TO GO TO INDIA AND START PROGRAMS. SO EMPOWER TOMORROW STARTED TO HELP IN THE COMMUNITY HERE IN NORTH CAROLINA. WE PROVIDED GIFT CARDS TO A NEAR BY SCHOOL TO HELP CHILDREN WHO ARE UNABLE TO AFFORD GYM SHOES AND CLOTHES. THIS WAS GIVEN ONCE SCHOOL STARTED ON AUGUST 28TH.
EMPOWER TOMORROW PROVIDED WALMART GIFT CARDS TO A NEARBY SCHOOL IN NORTH CAROLINA AS WELL. THIS WAS TO HELP CHILDREN WITH NECESSARY SCHOOL SUPPLIES WHO ARE UNABLE TO AFFORD THEM.
PROVIDED FOOD DONATION IN INDIA IN NOVEMBER WHEN IT WAS SAFE TO VISIT INDIA DUE TO COVID AND RESTRICTION. THIS WAS SERVED ON THE SIDE OF THE STREET FOR CHILDREN AND PARENTS TO COME BY AND RECEIVE A WARM MEAL.
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PDF Copies of 990 Filings
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $219,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,909 |
| 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. | $21,091 |
| Compensation of current officers, directors, key employees. | $21,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,680 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $4,500 |
| Total functional expenses | $81,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,875 |
| 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 | $249,875 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $249,875 |
| 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 | $249,875 |