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Nonprofiteer
← EMPOWER FOUNDATION INC

Form 990 for tax year 2022

Filed by EMPOWER FOUNDATION INC.

Totals

Total revenue
$5
Total expenses
$21,381
Contributions and grants received
$0
Grants paid
$13,500
Program service revenue
$0
Investment income
$5
Other revenue
$0
Total assets, end of year
$880,418
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$880,418
Program services expenses (Part IX)
$13,750
Management and general expenses
$7,631
Fundraising expenses
$0
Program service expenses (Part III)
$13,750

Program services were 64.3% 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.

  • 3 · Investment income

    total $5 · related or exempt $5

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,500 · program services $10,500

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11f · Fees: investment management

    total $7,631 · management and general $7,631

  • 24a · Other expenses: OTHER

    total $250 · program services $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,116 · end of year $44,371

  • 11 · Investments: publicly traded securities

    beginning of year $1,006,662 · end of year $836,047

  • 27 · Net assets without donor restrictions

    beginning of year $1,064,778 · end of year $880,418

Mission and programs · 2022

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP AND TRAINING TO UPGRADE THE TECHNICAL SKILLS OF EMPOWER'S EMPLOYEES AND THEREBY PROVIDING ENHANCED SERVICES TO THE PARTICIPANTS OF EMPOWER.

Activities or mission (Part I)

SEE SCHEDULE O.THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP AND TRAINING TO UPGRADE THE TECHNICAL SKILLS OF EMPOWER'S EMPLOYEES AND THEREBY PROVIDING ENHANCED SERVICES TO THE PARTICIPANTS OF EMPOWER.

  • THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP AND TRAINING TO UPGRADE THE TECHNICAL SKILLS OF EMPOWER'S EMPLOYEES AND THEREBY PROVIDING ENHANCED SERVICES TO THE PARTICIPANTS OF EMPOWER.

    Expenses $13,750 · Grants $13,500

As filed on the 2022 return.

Listed in Part VII

  • Donald Napoleon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Jeffrey M Paterson

    SECRETARY/TREASURER THROUGH 2022

    Total calculated
    $68,237
    From this org
    $0
    From related orgs
    $58,768
    Other
    $9,469
    Hours/week
    1 + 34 related

  • Charles Dietemen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric McGuire

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert O'Leary

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diane Baehre

    CHIEF EXECUTIVE OFFICER EFFECTIVE 2022

    Total calculated
    $118,092
    From this org
    $0
    From related orgs
    $112,153
    Other
    $5,939
    Hours/week
    1 + 34 related

  • Patrick Cosgrove

    CHIEF FINANCIAL OFFICER EFFECTIVE 2022

    Total calculated
    $77,997
    From this org
    $0
    From related orgs
    $70,169
    Other
    $7,828
    Hours/week
    1 + 34 related

  • Rita M Tweedie

    CHIEF FINANCIAL OFFICER THROUGH 2022

    Total calculated
    $47,048
    From this org
    $0
    From related orgs
    $44,721
    Other
    $2,327
    Hours/week
    1 + 34 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202312979349301401

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