Empowering Economic Growth Foundation
- Assets
- $3.3m
- Revenue
- $1.0m
- Investments
- $2.7m
- Employees
- 0
- Location
- Norwich, VT
- Founding
- Data as of
- 12/2022
- EIN
- 84-3970728
Organization Overview
Empowering Economic Growth Foundation is located in Norwich, VT. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Empowering Economic Growth 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 12/2022, Empowering Economic Growth Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $144.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $603,777 |
| Interest on Savings | $38 |
| Dividends & Interest | $34,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,901 |
| Capital Gain Net Income | $398,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,037,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,456 |
| Printing and publications | $0 |
| Other expenses | $51,330 |
| Total operating and administrative expenses | $94,987 |
| Contributions, gifts, grants paid | $49,565 |
| Total expenses and disbursements | $144,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $454,028 |
| 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 | $131,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,681,431 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,266,959 |
| Accounts payable and accrued expenses | $11 |
| 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 | $11 |