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Nonprofiteer
← EMPOWER ME ACADEMY

Form 990 for tax year 2023

Filed by EMPOWER ME ACADEMY.

Totals

Total revenue
$885,565
Total expenses
$1,382,836
Contributions and grants received
$468,430
Grants paid
$0
Program service revenue
$441,913
Investment income
$5,956
Other revenue
-$30,734
Total assets, end of year
$356,487
Total liabilities, end of year
$172,176
Net assets or fund balances, end of year
$184,311
Program services expenses (Part IX)
$809,950
Management and general expenses
$572,886
Fundraising expenses
$0
Program service expenses (Part III)
$809,950

Program services were 58.6% 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

    $35,000

  • 1f · All other contributions, gifts and grants

    $433,430

  • 1g · Noncash contributions included above

    $491

  • 2a · Program service revenue: Tuition / Registrations

    total $441,913 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,956 · unrelated business $0 · excluded $5,956

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $35,000

  • 8b · Fundraising events: direct expenses

    $22,478

  • 8c · Net income from fundraising events

    total -$22,478 · unrelated business $0 · excluded -$22,478

  • 10a · Gross sales of inventory

    $1,259

  • 10b · Cost of goods sold

    $9,515

  • 10c · Net income from sales of inventory

    total -$8,256 · related or exempt -$8,256

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $354,227 · program services $177,114 · management and general $177,113 · fundraising $0

  • 7 · Other salaries and wages

    total $288,740 · program services $288,740 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $54,308 · program services $0 · management and general $54,308 · fundraising $0

  • 10 · Payroll taxes

    total $47,619 · program services $0 · management and general $47,619 · fundraising $0

  • 11b · Fees: legal

    total $135 · program services $0 · management and general $135 · fundraising $0

  • 11c · Fees: accounting

    total $29,442 · program services $0 · management and general $29,442 · fundraising $0

  • 11g · Fees: other

    total $202,833 · program services $190,142 · management and general $12,691 · fundraising $0

  • 12 · Advertising and promotion

    total $15,515 · program services $15,515 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $508 · program services $0 · management and general $508 · fundraising $0

  • 14 · Information technology

    total $25,864 · program services $0 · management and general $25,864 · fundraising $0

  • 16 · Occupancy

    total $157,543 · program services $0 · management and general $157,543 · fundraising $0

  • 17 · Travel

    total $1,623 · program services $0 · management and general $1,623 · fundraising $0

  • 20 · Interest

    total $6,181 · program services $0 · management and general $6,181 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $54,115 · program services $43,715 · management and general $10,400 · fundraising $0

  • 23 · Insurance

    total $14,878 · program services $0 · management and general $14,878 · fundraising $0

  • 24a · Other expenses: Financial Aid / Scholarships

    total $93,774 · program services $93,774 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank & Service Fees

    total $18,680 · program services $0 · management and general $18,680 · fundraising $0

  • 24c · Other expenses: Other Fundraising Expense

    total $1,721 · program services $0 · management and general $1,721 · fundraising $0

  • 24d · Other expenses: Equipment

    total $950 · program services $950 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $14,180 · program services $0 · management and general $14,180 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $487,822 · end of year $65,044

  • 2 · Savings and temporary cash investments

    beginning of year $153,149 · end of year $159,104

  • 8 · Inventories for sale or use

    beginning of year $1,351 · end of year $497

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,719 · end of year $3,494

  • 10a · Land, buildings and equipment: cost or other basis

    $154,236

  • 10b · Land, buildings and equipment: accumulated depreciation

    $46,698

  • 10c · Land, buildings and equipment, net

    beginning of year $147,045 · end of year $107,538

  • 14 · Intangible assets

    beginning of year $31,200 · end of year $20,800

  • 15 · Other assets

    beginning of year $10 · end of year $10

  • 17 · Accounts payable and accrued expenses

    beginning of year $294 · end of year $12,779

  • 24 · Unsecured notes and loans payable

    beginning of year $156,420 · end of year $159,397

  • 27 · Net assets without donor restrictions

    beginning of year $681,582 · end of year $184,311

Mission and programs · 2023

Mission

WE TEACH ALL THE SKILLS AND FUNDAMENTALS, THEN STEP IN AT OPPORTUNE TIMES DURING CLASSES TO TAKE ADVANTAGE OF GREAT TEACHING MOMENTS, WHICH ACCELERATES A STUDENT-ATHLETES DEVELOPMENT AND GROWTH POTENTIAL.

Activities or mission (Part I)

EMPOWER ME ACADEMY PROVIDES A HOLISTIC TRAINING EXPERIENCE FOR STUDENT ATHLETES TO DEVELOP BETTER ATTITUDES, COMMITMENT, AND DISCIPLINE. AS PART OF THE PROGRAM, STUDENT-ATHLETES WILL BECOME WELL-ROUNDED LEADERS AND ADULTS.

  • THE EMA PROCESS IS BASED ON LIFE LESSONS, THOUGHT-PROVOKING, AND MINDFUL DISCUSSIONS, AND EXPERIENCES WITH GREAT COACHING MENTORS. WE TEACH ALL THE SKILLS AND FUNDAMENTALS, THEN STEP IN AT OPPORTUNE TIMES DURING CLASSES TO TAKE ADVANTAGE OF GREAT TEACHING MOMENTS, WHICH ACCELERATES STUDENT DEVELOPMENT AND GROWTH POTENTIAL. THIS PROCESS HELPS STUDENT-ATHLETES PARTICIPATING IN THE PROGRAM BECOME MORE CONFIDENT AND POSITIVE LEADERS IN A CHANGING WORLD.

    Expenses $809,950 · Revenue $441,913

As filed on the 2023 return.

Listed in Part VII

  • Anand Swaminathan

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Nisba Husain

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Glickman

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • George Gund V

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jerome Gumbs

    Board Member

    Total calculated
    $210,004
    From this org
    $210,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,004
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,004

  • Keaton Carano

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Leraris

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Victor Wang

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Pamela Burke

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Burke

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Annette Margolis

    Officer

    Total calculated
    $144,223
    From this org
    $144,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433239349301403

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