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← EMPOWER-EMERGING MARKETS FOUNDATION

Form 990 for tax year 2022

Filed by EMPOWER-EMERGING MARKETS FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 9 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Jeremy Llewelyn
  • Murtaza Ahmed
  • Parvoleta Shtereva

Listed under a different title

  • Kunal Shah: BOARD MEMBER-UK then BOARD CO-CHAIR-UK
  • Nicholas Koh: BOARD MEMBER-HK then TREASURER-HK
  • Swatee Deepak: BOARD MEMBER-UK then BOARD CO-CHAIR-UK

Totals

Total revenue
$10,873,067
Total expenses
$10,958,149
Contributions and grants received
$10,840,501
Grants paid
$6,128,077
Program service revenue
$0
Investment income
$12,013
Other revenue
$20,553
Total assets, end of year
$10,200,149
Total liabilities, end of year
$4,466,722
Net assets or fund balances, end of year
$5,733,427
Program services expenses (Part IX)
$9,080,463
Management and general expenses
$837,583
Fundraising expenses
$1,040,103
Program service expenses (Part III)
$9,080,463

Program services were 82.9% 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.

  • 1c · Fundraising events

    $2,389,399

  • 1f · All other contributions, gifts and grants

    $8,451,102

  • 3 · Investment income

    total $12,013 · excluded $12,013

  • 8a · Fundraising events: gross income

    $208,822

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

    $2,389,399

  • 8b · Fundraising events: direct expenses

    $208,822

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $20,553 · excluded $20,553

  • 11e · Other revenue, total

    $20,553

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $6,128,077 · program services $6,128,077

  • 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 $2,217,271 · program services $1,352,783 · management and general $269,088 · fundraising $595,400

  • 8 · Pension plan contributions

    total $160,463 · program services $97,284 · management and general $20,337 · fundraising $42,842

  • 9 · Other employee benefits

    total $116,280 · program services $70,491 · management and general $15,526 · fundraising $30,263

  • 10 · Payroll taxes

    total $173,789 · program services $105,144 · management and general $23,534 · fundraising $45,111

  • 11b · Fees: legal

    total $13,115 · management and general $13,115

  • 11c · Fees: accounting

    total $94,329 · management and general $94,329

  • 11g · Fees: other

    total $922,953 · program services $673,935 · management and general $122,392 · fundraising $126,626

  • 13 · Office expenses

    total $20,759 · program services $12,531 · management and general $3,110 · fundraising $5,118

  • 16 · Occupancy

    total $116,347 · program services $85,242 · management and general $13,031 · fundraising $18,074

  • 17 · Travel

    total $177,557 · program services $112,161 · management and general $41,995 · fundraising $23,401

  • 22 · Depreciation, depletion and amortization

    total $12,136 · program services $7,580 · management and general $1,644 · fundraising $2,912

  • 23 · Insurance

    total $11,001 · program services $5,232 · management and general $2,919 · fundraising $2,850

  • 24a · Other expenses: OUTREACH & DEVELOPMENT

    total $135,320 · program services $103,416 · management and general $18,593 · fundraising $13,311

  • 24b · Other expenses: MISCELLANEOUS

    total $127,746 · program services $62,797 · management and general $63,660 · fundraising $1,289

  • 24c · Other expenses: BANK & CREDIT CARD FEES

    total $47,837 · program services $6,063 · management and general $41,234 · fundraising $540

  • 24d · Other expenses: SPECIAL EVENT

    total $37,915 · fundraising $37,915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,328,092 · end of year $5,875,122

  • 2 · Savings and temporary cash investments

    beginning of year $4,995,325 · end of year $2,571,597

  • 3 · Pledges and grants receivable

    beginning of year $942,064 · end of year $1,510,104

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,783 · end of year $129,780

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

    $74,954

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

    $35,578

  • 10c · Land, buildings and equipment, net

    beginning of year $25,978 · end of year $39,376

  • 15 · Other assets

    beginning of year $42,247 · end of year $74,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,121 · end of year $256,006

  • 18 · Grants payable

    beginning of year $4,155,780 · end of year $4,180,987

  • 25 · Other liabilities

    beginning of year $0 · end of year $29,729

  • 27 · Net assets without donor restrictions

    beginning of year $5,193,930 · end of year $3,194,276

  • 28 · Net assets with donor restrictions

    beginning of year $717,658 · end of year $2,539,151

Mission and programs · 2022

Mission

WE PARTNER WITH LOCAL ORGANISATIONS IN EMERGING MARKET COUNTRIES, AND OTHER CHANGE-MAKERS, TO ENABLE MARGINALISED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES. EMPOWER PROVIDES LONG-TERM FINANCIAL SUPPORT COMPLEMENTED BY TECHNICAL ASSISTANCE AND CROSS-LEARNING OPPORTUNITIES TO LOCAL ORGANIZATIONS IN 15 EMERGING MARKET COUNTRIES, ALL TO BUILD SKILLS, OPPORTUNITIES AND PLATFORMS FOR MARGINALIZED YOUNG PEOPLE.

Activities or mission (Part I)

WE PARTNER WITH LOCAL ORGANISATIONS IN EMERGING MARKET COUNTRIES, AND OTHER CHANGE-MAKERS, TO ENABLE MARGINALISED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES.

  • EMPOWER MADE FINANCIAL GRANTS TO 150+ COMMUNITY BASED ORGANIZATIONS IN 15 COUNTRIES SUPPORTING INCLUSIVE EDUCATION, ECONOMIC OPPORTUNITIES, HEALTH, SAFETY AND WELLBEING FOR YOUNG PEOPLE AGES 10-24 LIVING IN MULTIDIMENSIONAL POVERTY. IN ADDITION, WE SUPPORTED THESE GRANTEE PARTNERS THROUGH LEARNING COMMUNITIES AND EXCHANGES, CONSULTANCIES, AND TECHNICAL ASSISTANCE TO STRENGTHEN THEIR PROGRAMS AND ORGANIZATIONS. A THIRD PILLAR IS PUBLISHING AND DISSEMINATING GUIDANCE ON BEST PRACTICES IN YOUTH DEVELOPMENT SUCH AS MEANINGFUL YOUTH ENGAGEMENT AND GENDER-TRANSFORMATIVE APPROACHES.

    Expenses $9,080,463 · Grants $6,128,077

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia Steele

    PRESIDENT AND CEO

    Total calculated
    $282,500
    From this org
    $262,500
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,500
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $282,500

  • Eric Baurmeister

    BOARD CHAIR-US

    Total calculated
    $0
    Hours/week
    1

  • Beth Fredrick

    TREASURER/FINANCE CHAIR-US

    Total calculated
    $0
    Hours/week
    1

  • Kristin Ceva

    PROGRAM CHAIR-US

    Total calculated
    $0
    Hours/week
    1

  • Robert Kushen

    PROGRAM CHAIR-US

    Total calculated
    $0
    Hours/week
    1

  • Swatee Deepak

    BOARD CO-CHAIR-UK

    Total calculated
    $0
    Hours/week
    1

  • Kunal Shah

    BOARD CO-CHAIR-UK

    Total calculated
    $0
    Hours/week
    1

  • Marc Balston

    FINANCE CHAIR-UK

    Total calculated
    $0
    Hours/week
    1

  • Aleem Jivraj

    BOARD CHAIR-HK

    Total calculated
    $0
    Hours/week
    1

  • Aasha Pai

    BOARD CO-CHAIR-HK

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Koh

    TREASURER-HK

    Total calculated
    $0
    Hours/week
    1

  • Eg Morse

    DEVELOPMENT CHAIR-HK

    Total calculated
    $0
    Hours/week
    1

  • Patricia Ahn

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • James Donald

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Carlos Fernandez-Aller

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Michael Hirschhorn

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Tim Jensen

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Kinsella

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Kevin Murphy

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Rekha Nair

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Osmin Rivera

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Matthew Ryan

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Jim Valone

    BOARD MEMBER-US

    Total calculated
    $0
    Hours/week
    1

  • Marcelo Assalin

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Mary-Therese Barton

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Bell

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Andrew Curran

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Reggie Dodge

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Adeel Khan

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Alessandra Labombarda

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Pontso Mafethe

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • John Patton

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Colin Reedie

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Ozan Tarman

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Toby West

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Bradley Wickens

    BOARD MEMBER-UK

    Total calculated
    $0
    Hours/week
    1

  • Rachel Andrews

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Stephen Chang

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Ben Falloon

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Maddy Foo

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Hall

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Ross Hamou-Jennings

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Richard Johnston

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Avon Neo

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Vivien Teu

    BOARD MEMBER-HK

    Total calculated
    $0
    Hours/week
    1

  • Larry Bloom

    CFO

    Total calculated
    $168,459
    From this org
    $159,529
    From related orgs
    $0
    Other
    $8,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,529
    Bonus
    $0
    Other
    $0
    Deferred
    $6,689
    Nontaxable benefits
    $2,241
    Filer's total
    $168,459

  • Juliana Nicoletti

    US DEVELOPMENT MANAGER

    Total calculated
    $110,245
    From this org
    $108,145
    From related orgs
    $0
    Other
    $2,100
    Hours/week
    40

  • Daniel Parnetti

    SR PROGRAM MANAGER

    Total calculated
    $133,400
    From this org
    $123,769
    From related orgs
    $0
    Other
    $9,631
    Hours/week
    40

  • Nicole Rajani

    HEAD OF GLOBAL COMM

    Total calculated
    $139,154
    From this org
    $117,350
    From related orgs
    $0
    Other
    $21,804
    Hours/week
    40

  • Wilson Ventura

    DIRECTOR OF FINANCE

    Total calculated
    $150,472
    From this org
    $126,360
    From related orgs
    $0
    Other
    $24,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,360
    Bonus
    $0
    Other
    $0
    Deferred
    $10,006
    Nontaxable benefits
    $14,106
    Filer's total
    $150,472

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 INDIA TRUST

    GRANT MANAGEMENT AND FUNDRAISING · IN

    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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349311507

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