Form 990 for tax year 2023
Filed by EMPOWER-EMERGING MARKETS FOUNDATION.
Totals
- Total revenue
- $8,584,730
- Total expenses
- $10,292,012
- Contributions and grants received
- $8,409,555
- Grants paid
- $5,348,135
- Program service revenue
- $0
- Investment income
- $156,908
- Other revenue
- $18,267
- Total assets, end of year
- $6,994,819
- Total liabilities, end of year
- $2,924,208
- Net assets or fund balances, end of year
- $4,070,611
- Program services expenses (Part IX)
- $8,106,173
- Management and general expenses
- $1,075,406
- Fundraising expenses
- $1,110,433
- Program service expenses (Part III)
- $8,106,173
Program services were 78.8% 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.
-
1c · Fundraising events
$1,762,555
-
1f · All other contributions, gifts and grants
$6,647,000
-
3 · Investment income
total $156,908 · excluded $156,908
-
8a · Fundraising events: gross income
$360,410
-
8a · Fundraising events: contributions included on line 1c
$1,762,555
-
8b · Fundraising events: direct expenses
$360,410
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $18,267 · excluded $18,267
-
11e · Other revenue, total
$18,267
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $5,348,135 · program services $5,348,135
-
5 · Compensation of officers, directors and key employees
total $445,254 · program services $257,727 · management and general $93,076 · fundraising $94,451
-
7 · Other salaries and wages
total $2,286,339 · program services $1,288,350 · management and general $382,737 · fundraising $615,252
-
8 · Pension plan contributions
total $156,656 · program services $87,778 · management and general $26,894 · fundraising $41,984
-
9 · Other employee benefits
total $138,969 · program services $78,706 · management and general $24,011 · fundraising $36,252
-
10 · Payroll taxes
total $198,838 · program services $112,487 · management and general $34,597 · fundraising $51,754
-
11b · Fees: legal
total $6,395 · management and general $6,395
-
11c · Fees: accounting
total $69,501 · management and general $69,501
-
11g · Fees: other
total $852,217 · program services $554,122 · management and general $167,352 · fundraising $130,743
-
13 · Office expenses
total $30,951 · program services $14,021 · management and general $13,451 · fundraising $3,479
-
16 · Occupancy
total $107,396 · program services $48,512 · management and general $41,147 · fundraising $17,737
-
17 · Travel
total $176,818 · program services $101,888 · management and general $43,828 · fundraising $31,102
-
22 · Depreciation, depletion and amortization
total $14,666 · program services $9,577 · management and general $2,281 · fundraising $2,808
-
23 · Insurance
total $3,121 · program services $778 · management and general $2,094 · fundraising $249
-
24a · Other expenses: OUTREACH & DEVELOPMENT
total $161,006 · program services $113,287 · management and general $39,762 · fundraising $7,957
-
24b · Other expenses: MISCELLANEOUS
total $136,103 · program services $89,760 · management and general $46,282 · fundraising $61
-
24c · Other expenses: BANK & CREDIT CARD FEES
total $83,099 · program services $1,045 · management and general $81,998 · fundraising $56
-
24d · Other expenses: SPECIAL EVENT
total $76,548 · fundraising $76,548
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,875,122 · end of year $1,166,596
-
2 · Savings and temporary cash investments
beginning of year $2,571,597 · end of year $3,668,129
-
3 · Pledges and grants receivable
beginning of year $1,510,104 · end of year $1,985,773
-
9 · Prepaid expenses and deferred charges
beginning of year $129,780 · end of year $94,242
-
10a · Land, buildings and equipment: cost or other basis
$97,976
-
10b · Land, buildings and equipment: accumulated depreciation
$50,244
-
10c · Land, buildings and equipment, net
beginning of year $39,376 · end of year $47,732
-
15 · Other assets
beginning of year $74,170 · end of year $32,347
-
17 · Accounts payable and accrued expenses
beginning of year $256,006 · end of year $213,886
-
18 · Grants payable
beginning of year $4,180,987 · end of year $2,710,322
-
25 · Other liabilities
beginning of year $29,729 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,194,276 · end of year $1,736,690
-
28 · Net assets with donor restrictions
beginning of year $2,539,151 · end of year $2,333,921
Mission and programs · 2023
Mission
WE PARTNERED WITH 150 LOCAL ORGANISATIONS IN 15 EMERGING MARKET COUNTRIES TO ENABLE MARGINALISED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES. WE DO THIS THROUGH GRANTS TO AND LONG-TERM PARTNERSHIPS WITH LOCAL ORGANIZATIONS, CROSS LEARNING AND CAPACITY STRENGTHENING, AND COLLABORATIONS WITH OTHER STAKEHOLDERS TO FOSTER CHANGE FOR YOUNG PEOPLE.
Activities or mission (Part I)
EMPOWER'S MISSION IS TO PARTNER WITH LOCAL ORGANIZATIONS IN EMERGING MARKET COUNTRIES AND OTHER CHANGE-MAKERS TO ENABLE MARGINALIZED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES. WE DO THIS THROUGH GRANTS TO AND LONG-TERM PARTNERSHIPS WITH LOCAL ORGANIZATIONS, CROSS LEARNING AND CAPACITY STRENGTHENING.
-
EMPOWER MADE GRANTS TO 150 LOCAL ORGANIZATION GRANTEE PARTNERS IN 15 COUNTRIES IN THREE KEY PILLARS OF YOUTH DEVELOPMENT - INCLUSIVE LEARNING, ECONOMIC WELLBEING, HEALTHY AND SAFE LIVES.
Expenses $8,106,173 · Grants $5,348,135
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cynthia SteeleCYNTHIA STEELE
PRESIDENT AND CEO
- Total calculated
- $295,000
- From this org
- $275,000
- From related orgs
- $0
- Other
- $20,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $275,000
- Bonus
- $0
- Other
- $0
- Deferred
- $20,000
- Nontaxable benefits
- $0
- Filer's total
- $295,000
-
Eric BaurmeisterERIC BAURMEISTER
BOARD CHAIR-US
- Total calculated
- $0
- Hours/week
- 1
-
Beth FredrickBETH FREDRICK
TREASURER/FINANCE CHAIR-US
- Total calculated
- $0
- Hours/week
- 1
-
Kristin CevaKRISTIN CEVA
PROGRAM CHAIR-US
- Total calculated
- $0
- Hours/week
- 1
-
Robert KushenROBERT KUSHEN
PROGRAM CHAIR-US
- Total calculated
- $0
- Hours/week
- 1
-
Swatee DeepakSWATEE DEEPAK
BOARD CO-CHAIR-UK
- Total calculated
- $0
- Hours/week
- 1
-
Kunal ShahKUNAL SHAH
BOARD CO-CHAIR-UK
- Total calculated
- $0
- Hours/week
- 1
-
Marc BalstonMARC BALSTON
FINANCE CHAIR-UK
- Total calculated
- $0
- Hours/week
- 1
-
Aleem JivrajALEEM JIVRAJ
BOARD CHAIR-HK
- Total calculated
- $0
- Hours/week
- 1
-
Aasha PaiAASHA PAI
BOARD CO-CHAIR-HK
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas KohNICHOLAS KOH
TREASURER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Eg MorseEG MORSE
DEVELOPMENT CHAIR-HK
- Total calculated
- $0
- Hours/week
- 1
-
Murtaza AhmedMURTAZA AHMED
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Patricia AhnPATRICIA AHN
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
James DonaldJAMES DONALD
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Fernandez-AllerCARLOS FERNANDEZ-ALLER
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Liza GreenLIZA GREEN
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Michael HirschhornMICHAEL HIRSCHHORN
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Tim JensenTIM JENSEN
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen KinsellaKATHLEEN KINSELLA
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MurphyKEVIN MURPHY
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Rekha NairREKHA NAIR
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Osmin RiveraOSMIN RIVERA
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Matthew RyanMATTHEW RYAN
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Jim ValoneJIM VALONE
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Basak YavuzBASAK YAVUZ
BOARD MEMBER-US
- Total calculated
- $0
- Hours/week
- 1
-
Marcelo AssalinMARCELO ASSALIN
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Mary-Therese BartonMARY-THERESE BARTON
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan BellJONATHAN BELL
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Andrew CurranANDREW CURRAN
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Reggie DodgeREGGIE DODGE
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Adeel KhanADEEL KHAN
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Alessandra LabombardaALESSANDRA LABOMBARDA
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy LlewelynJEREMY LLEWELYN
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Pontso MafethePONTSO MAFETHE
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
John PattonJOHN PATTON
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Colin ReedieCOLIN REEDIE
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Parvoleta ShterevaPARVOLETA SHTEREVA
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Ozan TarmanOZAN TARMAN
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Linda WeisertLINDA WEISERT
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Toby WestTOBY WEST
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Bradley WickensBRADLEY WICKENS
BOARD MEMBER-UK
- Total calculated
- $0
- Hours/week
- 1
-
Rachel AndrewsRACHEL ANDREWS
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ChangSTEPHEN CHANG
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Ben FalloonBEN FALLOON
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Maddy FooMADDY FOO
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin HallBENJAMIN HALL
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Richard JohnstonRICHARD JOHNSTON
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Avon NeoAVON NEO
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Vivien TeuVIVIEN TEU
BOARD MEMBER-HK
- Total calculated
- $0
- Hours/week
- 1
-
Prarthana KumarPRARTHANA KUMAR
BOARD MEMBER-IN
- Total calculated
- $0
- Hours/week
- 1
-
Ravinder KaurRAVINDER KAUR
BOARD MEMBER-IN
- Total calculated
- $0
- Hours/week
- 1
-
Devanshi VaidDEVANSHI VAID
BOARD MEMBER-IN
- Total calculated
- $0
- Hours/week
- 1
-
Larry BloomLARRY BLOOM
CFO
- Total calculated
- $158,248
- From this org
- $150,218
- From related orgs
- $0
- Other
- $8,030
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,218
- Bonus
- $0
- Other
- $0
- Deferred
- $6,689
- Nontaxable benefits
- $1,341
- Filer's total
- $158,248
-
Juliana Nicoletti Through 1223JULIANA NICOLETTI THROUGH 1223
US DEVELOPMENT MANAGER
- Total calculated
- $112,320
- From this org
- $108,145
- From related orgs
- $0
- Other
- $4,175
- Hours/week
- 40
-
Daniel ParnettiDANIEL PARNETTI
SR PROGRAM MANAGER
- Total calculated
- $126,706
- From this org
- $117,075
- From related orgs
- $0
- Other
- $9,631
- Hours/week
- 40
-
Wilson VenturaWILSON VENTURA
DIRECTOR OF FINANCE
- Total calculated
- $153,709
- From this org
- $129,597
- From related orgs
- $0
- Other
- $24,112
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,597
- Bonus
- $0
- Other
- $0
- Deferred
- $10,006
- Nontaxable benefits
- $14,106
- Filer's total
- $153,709
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations 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.
-
EMPOWER-THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED
GRANT MANAGEMENT AND FUNDRAISING · HK
Directly controlled by EMPOWER-THE EMERGING MARKETS FOUNDATION
-
EMPOWER-THE EMERGING MARKETS FOUNDATION (UK) LIMITED
GRANT MANAGEMENT AND FUNDRAISING · UK
Directly controlled by EMPOWER-THE EMERGING MARKETS FOUNDATION
-
EMPOWER-THE EMERGING MARKETS FOUNDATION (SINGAPORE) LIMITED
GRANT MANAGEMENT AND FUNDRAISING · SN
Directly controlled by EMPOWER-THE EMERGING MARKETS FOUNDATION
-
EMPOWER SERVICES PRIVATE LIMITED
GRANT MANAGEMENT AND FUNDRAISING · IN
Directly controlled by EMPOWER-THE EMERGING MARKETS FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349311646
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