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Nonprofiteer
← EMPOWER FOUNDATION INC

Form 990 for tax year 2024

Filed by EMPOWER FOUNDATION INC.

Totals

Total revenue
$88
Total expenses
$9,141
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$88
Total assets, end of year
$1,121,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,121,622
Program services expenses (Part IX)
$0
Management and general expenses
$9,141
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 11a · Other revenue: OTHER

    total $88 · related or exempt $88

  • 11e · Other revenue, total

    $88

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $9,141 · management and general $9,141

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,056 · end of year $41,144

  • 11 · Investments: publicly traded securities

    beginning of year $967,395 · end of year $1,080,478

  • 27 · Net assets without donor restrictions

    beginning of year $1,008,451 · end of year $1,121,622

Mission and programs · 2024

Mission

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

As filed on the 2024 return.

Listed in Part VII

  • Donald Napoleon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Diane Baehre

    SECRETARY/TREASURER

    Total calculated
    $130,830
    From this org
    $0
    From related orgs
    $127,019
    Other
    $3,811
    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

  • Patrick Cosgrove

    CHIEF FINANCIAL OFFICER

    Total calculated
    $91,637
    From this org
    $0
    From related orgs
    $85,316
    Other
    $6,321
    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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349303541

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