Form 990 for tax year 2022
Filed by THE CENTER FOR EMPOWERED POLITICS.
What the amendment changed
Compared with the return it replaced , filed 15 November 2023. matched by us Only the Part I totals and the names listed in Part VII 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.
- Total revenue
- $9,156,012 changed to $10,449,636
- Total expenses
- $8,098,499 changed to $8,689,594
- Contributions and grants received
- $8,662,553 changed to $9,094,936
- Grants paid
- $1,042,702 changed to $1,282,422
- Program service revenue
- $493,001 changed to $574,701
- Investment income
- $12 changed to $0
- Other revenue
- $446 changed to $779,999
- Total assets, end of year
- $9,269,661 changed to $9,888,040
- Total liabilities, end of year
- $2,597,733 changed to $2,262,784
- Net assets or fund balances, end of year
- $6,671,928 changed to $7,625,256
- Program services expenses
- $6,776,741 changed to $6,761,986
- Management and general expenses
- $891,450 changed to $1,254,522
- Fundraising expenses
- $430,308 changed to $673,086
- Program service expenses (Part III)
- $6,776,741 changed to $6,761,986
Listed under a different title
- ALEX TOM: EXECUTIVE DIRECTOR then Executive Dir.
- TIMMY LU: CHIEF EXECUTIVE OFFICER/CH then CEO/Chair
Totals
- Total revenue
- $10,449,636
- Total expenses
- $8,689,594
- Contributions and grants received
- $9,094,936
- Grants paid
- $1,282,422
- Program service revenue
- $574,701
- Investment income
- $0
- Other revenue
- $779,999
- Total assets, end of year
- $9,888,040
- Total liabilities, end of year
- $2,262,784
- Net assets or fund balances, end of year
- $7,625,256
- Program services expenses (Part IX)
- $6,761,986
- Management and general expenses
- $1,254,522
- Fundraising expenses
- $673,086
- Program service expenses (Part III)
- $6,761,986
Program services were 77.8% 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.
-
1f · All other contributions, gifts and grants
$9,094,936
-
2a · Program service revenue: Fees for services
total $574,701 · related or exempt $574,701
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $66,703
-
6c · Rental income or loss
real property $66,703
-
6d · Net rental income or loss
total $66,703 · unrelated business $66,703
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Earnings from Equity Inv
total $711,738 · unrelated business $711,738
-
11b · Other revenue: Other revenue
total $1,558 · related or exempt $1,558
-
11e · Other revenue, total
$713,296
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,282,422 · program services $1,282,422
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $3,820,293 · program services $3,204,332 · management and general $362,330 · fundraising $253,631
-
11b · Fees: legal
total $11,639 · management and general $11,639
-
11c · Fees: accounting
total $27,684 · management and general $27,684
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,535,076 · program services $1,495,040 · management and general $759,187 · fundraising $280,849
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $628,707 · program services $463,768 · management and general $64,045 · fundraising $100,894
-
14 · Information technology
total $129,667 · program services $90,767 · management and general $12,967 · fundraising $25,933
-
15 · Royalties
total $0
-
16 · Occupancy
total $135,508 · program services $125,911 · management and general $3,201 · fundraising $6,396
-
17 · Travel
total $71,666 · program services $68,886 · fundraising $2,780
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $37,181 · program services $30,860 · management and general $3,718 · fundraising $2,603
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $9,751 · management and general $9,751
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,814,101 · end of year $1,467,798
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,640,598 · end of year $1,662,306
-
4 · Accounts receivable
beginning of year $134,825 · end of year $4,715,926
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $348,873 · end of year $988,555
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $275,014 · end of year $1,053,455
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $178,700 · end of year $2,036,608
-
18 · Grants payable
end of year $47,500
-
25 · Other liabilities
beginning of year $169,497 · end of year $178,676
-
27 · Net assets without donor restrictions
beginning of year $1,390,821 · end of year $1,982,347
-
28 · Net assets with donor restrictions
beginning of year $4,474,393 · end of year $5,642,909
Mission and programs · 2022
Mission
CEP SPECIALIZES IN PEOPLE OF COLOR-LED GRASSROOTS MOVEMENT BUILDING 501C4 ORGANIZATIONS THAT HAVE BEEN ON THE CUTTING EDGE OF C3/C4 INNOVATIONS, ENGAGEMENT IN ETHNIC COMMUNITIES, CAMPAIGN CONSULTATION, AND INTEGRATED VOTER ENGAGEMENT 2.0.
-
PROVIDE CAPACITY BUILDING AND ORGANIZATIONAL DEVELOPMENT SUPPORT FOR SOCIAL, RACIAL AND ECONOMIC JUSTICE ORGANIZATIONS.
Expenses $6,109,915 · Grants $1,035,202 · Revenue $574,701
-
BUILD AND EXERCISE PROGRESSIVE POLITICAL POWER THROUGH MASS-BASED ELECTORAL ORGANIZING AND INTEGRATED STRATEGIES, INCLUDING BASE-BUILDING AND POLICY ADVOCACY.
Expenses $652,071 · Grants $247,220
As filed on the 2022 return.
Listed in Part VII
-
TIMMY LU
CEO/Chair
- Total calculated
- $127,076
- From this org
- $0
- From related orgs
- $113,162
- Other
- $13,914
- Hours/week
- 1 + 40 related
-
ALEX TOM
Executive Dir.
- Total calculated
- $113,666
- From this org
- $0
- From related orgs
- $100,171
- Other
- $13,495
- Hours/week
- 1 + 40 related
-
LIN SHAO CHIN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
VIVIAN HUANG
Secretary
- Total calculated
- $0
- Hours/week
- 1
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
-
$115,000
RISING VOICES CONTRIBUTION
-
$100,000
GENERAL OPERATING GRANT
-
$100,000
GENERAL OPERATING GRANT
-
$53,000
STIPENDS
-
$50,000
GENERAL OPERATING SUPPORT
-
$50,000
GENERAL OPERATING GRANT
-
$50,000
GENERAL OPERATING GRANT
-
$50,000
GENERAL OPERATING GRANT
-
$50,000
GENERAL OPERATING SUPPORT
-
$50,000
GENERAL OPERATING GRANT
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C CORP · MANAGEMENT AND FINANCIAL ADMIN SERVICES · CA · 50% owned · share of income $51,832 · share of assets $814,486
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2024
- IRS schema version
- 2022v5.0
- Source object
- 202403119349300245
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