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← THE FOUNDATION FOR COMMUNITY EMPOWERMENT

Form 990 for tax year 2023

Filed by THE FOUNDATION FOR COMMUNITY EMPOWERMENT.

Totals

Total revenue
$290,361
Total expenses
$657,478
Contributions and grants received
$288,451
Grants paid
$214,650
Program service revenue
$0
Investment income
$1,910
Other revenue
$0
Total assets, end of year
$1,093,359
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,093,359
Program services expenses (Part IX)
$650,402
Management and general expenses
$7,076
Fundraising expenses
$0
Program service expenses (Part III)
$650,402

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $288,451

  • 1g · Noncash contributions included above

    $9,000

  • 3 · Investment income

    total $209 · related or exempt $209

  • 7a · Gross sales of assets other than inventory

    securities $175,684

  • 7b · Less cost or other basis and sales expenses

    securities $173,983

  • 7c · Gain or loss

    securities $1,701

  • 7d · Net gain or loss

    total $1,701 · related or exempt $1,701

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,650 · program services $154,650

  • 2 · Grants to domestic individuals

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $9,000 · program services $8,100 · management and general $900

  • 11b · Fees: legal

    total $450 · program services $405 · management and general $45

  • 11c · Fees: accounting

    total $1,375 · program services $1,237 · management and general $138

  • 11g · Fees: other

    total $50,000 · program services $45,000 · management and general $5,000

  • 13 · Office expenses

    total $91 · program services $82 · management and general $9

  • 22 · Depreciation, depletion and amortization

    total $6,342 · program services $5,708 · management and general $634

  • 24a · Other expenses: Community Initiatives

    total $375,220 · program services $375,220

  • 24b · Other expenses: Dues & Subscriptions

    total $350 · management and general $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,419,231 · end of year $911,222

  • 2 · Savings and temporary cash investments

    end of year $182,137

  • 4 · Accounts receivable

    beginning of year $50,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,755

  • 27 · Net assets without donor restrictions

    beginning of year $1,460,476 · end of year $1,093,359

Mission and programs · 2023

Mission

Serves as a catalyst for change in distressed neighborhoods.

  • Community initiatives - The Foundation For Community Empowerment (FCE) fosters empowered communities by helping people in forgotten neighborhoods articulate a common agenda, exercise their own capacity for internal change, and forge working relationships with external institutions and power structures.

    Expenses $589,402 · Grants $153,650

  • Educational/institutional change - FCE works to identify systemic problems endemic to distressed neighborhoods and to collaborate with members of the community to find and implement solutions. Improving the area of education is paramount for self sufficiency and equal economic opportunities for all to participate equally in civic and political life regardless of socio-economic status.

    Expenses $61,000 · Grants $61,000

As filed on the 2023 return.

Listed in Part VII

  • J McDonald Williams

    Chairman of Board, Preside

    Total calculated
    $0
    Hours/week
    5

  • Ellen C Williams

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Dorothy Hopkins

    Treasurer

    Total calculated
    $150,000
    From this org
    $50,000
    From related orgs
    $94,000
    Other
    $6,000
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349315489

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