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← EMPOWER FOUNDATION INC

Form 990 for tax year 2023

Filed by EMPOWER FOUNDATION INC.

Totals

Total revenue
$185
Total expenses
$11,401
Contributions and grants received
$0
Grants paid
$3,500
Program service revenue
$0
Investment income
$1
Other revenue
$184
Total assets, end of year
$1,008,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,008,451
Program services expenses (Part IX)
$3,500
Management and general expenses
$7,901
Fundraising expenses
$0
Program service expenses (Part III)
$3,500

Program services were 30.7% 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.

  • 3 · Investment income

    total $1 · related or exempt $1

  • 11a · Other revenue: OTHER

    total $184 · related or exempt $184

  • 11e · Other revenue, total

    $184

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,500 · program services $3,500

  • 11f · Fees: investment management

    total $7,901 · management and general $7,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,371 · end of year $41,056

  • 11 · Investments: publicly traded securities

    beginning of year $836,047 · end of year $967,395

  • 27 · Net assets without donor restrictions

    beginning of year $880,418 · end of year $1,008,451

Mission and programs · 2023

Mission

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

    Expenses $3,500 · Grants $3,500

As filed on the 2023 return.

Listed in Part VII

  • Donald Napoleon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Diane Baehre

    SECRETARY/TREASURER

    Total calculated
    $136,757
    From this org
    $0
    From related orgs
    $130,147
    Other
    $6,610
    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
    $88,925
    From this org
    $0
    From related orgs
    $81,410
    Other
    $7,515
    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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349306486

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