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Nonprofiteer
← EMPOWER COLLEGE PREP

Form 990 for tax year 2024

Filed by EMPOWER COLLEGE PREP.

Totals

Total revenue
$14,164,396
Total expenses
$13,839,628
Contributions and grants received
$13,729,849
Grants paid
$0
Program service revenue
$107,675
Investment income
$224,444
Other revenue
$102,428
Total assets, end of year
$23,123,309
Total liabilities, end of year
$14,881,968
Net assets or fund balances, end of year
$8,241,341
Program services expenses (Part IX)
$12,645,427
Management and general expenses
$1,194,201
Fundraising expenses
$0
Program service expenses (Part III)
$12,645,427

Program services were 91.4% 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.

  • 1e · Government grants (contributions)

    $13,420,957

  • 1f · All other contributions, gifts and grants

    $308,892

  • 2a · Program service revenue: SCHOOL ACTIVITIES

    total $107,675 · related or exempt $107,675

  • 3 · Investment income

    total $224,444 · excluded $224,444

  • 6a · Gross rents

    real property $134,734

  • 6b · Less rental expenses

    real property $32,306

  • 6c · Rental income or loss

    real property $102,428

  • 6d · Net rental income or loss

    total $102,428 · excluded $102,428

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $401,796 · program services $168,592 · management and general $233,204

  • 7 · Other salaries and wages

    total $6,310,557 · program services $6,126,929 · management and general $183,628

  • 9 · Other employee benefits

    total $804,624 · program services $753,090 · management and general $51,534

  • 10 · Payroll taxes

    total $529,279 · program services $482,303 · management and general $46,976

  • 11b · Fees: legal

    total $7,858 · management and general $7,858

  • 11c · Fees: accounting

    total $94,780 · management and general $94,780

  • 11g · Fees: other

    total $2,883,153 · program services $2,536,314 · management and general $346,839

  • 13 · Office expenses

    total $902,701 · program services $673,319 · management and general $229,382

  • 16 · Occupancy

    total $140,946 · program services $140,946

  • 20 · Interest

    total $1,012,999 · program services $1,012,999

  • 22 · Depreciation, depletion and amortization

    total $710,715 · program services $710,715

  • 24a · Other expenses: MISCELLANEOUS

    total $40,220 · program services $40,220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,358,734 · end of year $3,532,016

  • 2 · Savings and temporary cash investments

    beginning of year $1,393,497 · end of year $412,975

  • 3 · Pledges and grants receivable

    beginning of year $1,143,520 · end of year $598,238

  • 4 · Accounts receivable

    beginning of year $5,595 · end of year $69,664

  • 7 · Other notes and loans receivable

    beginning of year $415,285 · end of year $406,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,226 · end of year $57,213

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

    $21,700,714

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

    $3,690,661

  • 10c · Land, buildings and equipment, net

    beginning of year $18,624,092 · end of year $18,010,053

  • 15 · Other assets

    end of year $36,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $443,912 · end of year $505,022

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,606,411 · end of year $14,364,425

  • 25 · Other liabilities

    beginning of year $47,053 · end of year $12,521

  • 27 · Net assets without donor restrictions

    beginning of year $7,803,327 · end of year $8,241,341

  • 28 · Net assets with donor restrictions

    beginning of year $113,246

Mission and programs · 2024

Mission

EMPOWER COLLEGE PREP EXISTS TO EMPOWER ITS CHILDREN TO COMPETE ACADEMICALLY WITH STUDENTS FROM ANY SCHOOL IN THE COUNTRY, POSSESS AN AWARENESS OF HOW THEIR KNOWLEDGE AND SKILLS ARE USED IN THE WORLD, AND BE DRIVEN BY AND INSTILLED SENSE OF RESPONSIBILITY TO DEVELOP THEIR SKILLS IN COLLEGE IN ORDER TO MAXIMIZE THEIR IMPACT IN THE WORLD. EMPOWER COLLEGE PREP WILL PRIORITIZE THE PARTNERSHIP BETWEEN THE SCHOOL, FAMILIES, AND THE COMMUNITY TO LEAD CHILDREN TO DISCOVER AND DEVELOP THEIR UNIQUE GIFTS, MAXIMIZE THEIR FULL HUMAN POTENTIAL, AND FULFILL THEIR RESPONSIBILITY TO POSITIVELY IMPACT THEIR WORLD.

Activities or mission (Part I)

EMPOWER COLLEGE PREP'S MISSION IS TO EMPOWER SCHOLARS TO SUCCEED IN COLLEGE, SOLVE REAL-WORLD PROBLEMS, AND MAXIMIZE THEIR IMPACT IN THE WORLD. EMPOWER COLLEGE PREP WILL PRIORITIZE THE PARTNERSHIP BETWEEN THE SCHOOL, FAMILIES, AND THE COMMUNITY TO LEAD CHILDREN TO DISCOVER AND DEVELOP THEIR UNIQUE GIFTS, MAXIMIZE THEIR FULL HUMAN POTENTIAL, AND FULFILL THEIR RESPONSIBILITY TO POSITIVELY IMPACT THEIR WORLD.

  • EMPOWER COLLEGE PREP EDUCATED MORE THAN 1000 STUDENTS AND ABOUT 90% OF STUDENTS SERVED ATTEND COLLEGE AFTER HIGH SCHOOL.

    Expenses $12,645,427 · Revenue $107,675

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Holman

    CEO/EX OFFIC

    Total calculated
    $179,074
    From this org
    $163,143
    From related orgs
    $0
    Other
    $15,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,143
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $15,931
    Nontaxable benefits
    not reported
    Filer's total
    $179,074

  • Becky Jones

    SCHOOL PRINC

    Total calculated
    $124,603
    From this org
    $115,320
    From related orgs
    $0
    Other
    $9,283
    Hours/week
    40

  • David Dillman

    DIRECTOR OF

    Total calculated
    $105,654
    From this org
    $91,504
    From related orgs
    $0
    Other
    $14,150
    Hours/week
    40

  • Angela Ortega

    DIRECTOR OF

    Total calculated
    $93,448
    From this org
    $85,293
    From related orgs
    $0
    Other
    $8,155
    Hours/week
    40

  • Angela Eich

    DIRECTOR OF

    Total calculated
    $45,366
    From this org
    $43,633
    From related orgs
    $0
    Other
    $1,733
    Hours/week
    20

  • Brandi Adams Bressler

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Erickson

    BOARD CHAIR/

    Total calculated
    $0
    Hours/week
    2

  • Steve Inman

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Esly Montenegro

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Murray

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patricia Welborn

    MEMBER

    Total calculated
    $0
    Hours/week
    2

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 · 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
2024
Filed
11 May 2026
IRS schema version
2024v5.0
Source object
202601319349306320

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