EMPOWER-THE EMERGING MARKETS FOUNDATION

EIN: 030529005 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$11,802,297
Total Expenses
$10,294,166
Total Assets
$7,671,486
Net Assets
$5,666,531
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
NISHA DHAWAN
Phone
2126084455
Tax Period
2024-07-01 to 2025-06-30

EMPOWER-THE EMERGING MARKETS FOUNDATION, founded in 2006, is a mid-sized nonprofit in the International Affairs sector that reported $11.8M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $10.3M left a modest 13% surplus.

Mission

WE PARTNERED WITH 150 LOCAL ORGANISATIONS IN 15 EMERGING MARKET COUNTRIES TO ENABLE MARGINALISED YOUNG PEOPLE TO TRANSFORM THEIR LIVES AND COMMUNITIES. WE DO THIS THROUGH GRANTS TO AND LONG-TERM PARTNERSHIPS WITH LOCAL ORGANIZATIONS, CROSS LEARNING AND CAPACITY STRENGTHENING, AND COLLABORATIONS WITH OTHER STAKEHOLDERS TO FOSTER CHANGE FOR YOUNG PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $7,935,000

EMPOWER MADE GRANTS TO 150 LOCAL ORGANIZATION GRANTEE PARTNERS IN 15 COUNTRIES IN THREE KEY PILLARS OF YOUTH DEVELOPMENT - INCLUSIVE LEARNING, ECONOMIC WELLBEING, HEALTHY AND SAFE LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,594,836
Program Service Revenue $0
Investment Income $83,464
Other Revenue $123,997
TOTAL REVENUE $11,802,297

Expense Breakdown

Grants Paid $5,192,795
Salaries & Benefits $3,360,695
Fundraising Expenses $1,255,566
Program Expenses $7,935,000
Other Expenses $1,740,676
TOTAL EXPENSES $10,294,166

Year-over-Year Comparison

2024 2023 Change
Revenue $11,802,297 $8,584,730 +0.4%
Expenses $10,294,166 $10,292,012 +0.0%
Net Income $1,508,131 $-1,707,282 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
47
Independent Members
46
Employees
10
Volunteers
46

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$458,345
Total Directors
47
$297,605
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA STEELE PRESIDENT AND CEO 40.00
Officer Director
$275,000 $22,605 $297,605
AASHA PAI BOARD MEMBER-HK 1.00
Officer Director
$0 $0 $0
ALEEM JIVRAJ BOARD MEMBER-HK 1.00
Officer Director
$0 $0 $0
AVON NEO BOARD MEMBER-HK 1.00
Director
$0 $0 $0
BASAK YAVUZ BOARD MEMBER-US 1.00
Director
$0 $0 $0
BETH FREDRICK BOARD MEMBER-US 1.00
Officer Director
$0 $0 $0
EG MORSE BOARD MEMBER-HK 1.00
Officer Director
$0 $0 $0
JAMES DONALD BOARD MEMBER-US 1.00
Director
$0 $0 $0
JEREMY LLEWELYN BOARD MEMBER-UK 1.00
Director
$0 $0 $0
JONATHAN BELL BOARD MEMBER-UK 1.00
Director
$0 $0 $0
KEVIN MURPHY BOARD MEMBER-US 1.00
Director
$0 $0 $0
KRISTIN CEVA BOARD MEMBER-US 1.00
Officer Director
$0 $0 $0
LINDA WEISERT BOARD MEMBER-UK 1.00
Director
$0 $0 $0
LIZA GREEN BOARD MEMBER-US 1.00
Director
$0 $0 $0
MADDY FOO BOARD MEMBER-HK 1.00
Director
$0 $0 $0
MARC BALSTON BOARD MEMBER-US 1.00
Officer Director
$0 $0 $0
MARY-THERESE BARTON BOARD MEMBER-UK 1.00
Director
$0 $0 $0
MICHAEL HIRSCHHORN BOARD MEMBER-US 1.00
Director
$0 $0 $0
NICHOLAS KOH BOARD MEMBER-HK 1.00
Director
$0 $0 $0
OSMIN RIVERA BOARD MEMBER-US 1.00
Director
$0 $0 $0
OZAN TARMAN BOARD MEMBER-UK 1.00
Director
$0 $0 $0
PARVOLETA SHTEREVA BOARD MEMBER-UK 1.00
Director
$0 $0 $0
PATRICIA AHN BOARD MEMBER-US 1.00
Director
$0 $0 $0
PONTSO MAFETHE BOARD MEMBER-UK 1.00
Director
$0 $0 $0
RACHEL ANDREWS BOARD MEMBER-HK 1.00
Director
$0 $0 $0
REGGIE DODGE BOARD MEMBER-US 1.00
Director
$0 $0 $0
REKHA NAIR BOARD MEMBER-US 1.00
Director
$0 $0 $0
RICHARD JOHNSTON BOARD MEMBER-HK 1.00
Director
$0 $0 $0
ROBERT KUSHEN BOARD MEMBER-US 1.00
Officer Director
$0 $0 $0
STEPHEN CHANG BOARD MEMBER-HK 1.00
Director
$0 $0 $0
SWATEE DEEPAK BOARD MEMBER-UK 1.00
Officer Director
$0 $0 $0
TOBY WEST BOARD MEMBER-UK 1.00
Director
$0 $0 $0
VIVIEN TEU BOARD MEMBER-HK 1.00
Director
$0 $0 $0
APARNA UPPALURI BOARD MEMBER-HK 1.00
Director
$0 $0 $0
FINBAR COOKE BOARD MEMBER-UK 1.00
Director
$0 $0 $0
FLAVIO FIGUEIREDO BOARD MEMBER-US 1.00
Director
$0 $0 $0
HARSHID PATEL BOARD MEMBER-HK 1.00
Director
$0 $0 $0
JAMES ELLERY BOARD MEMBER-UK 1.00
Director
$0 $0 $0
JESSICA KOH BOARD MEMBER-HK 1.00
Director
$0 $0 $0
LILIANA CASTILLO BOARD MEMBER-UK 1.00
Director
$0 $0 $0
MARYANN TSENG BOARD MEMBER-HK 1.00
Director
$0 $0 $0
NICOLETTE NAYLOR BOARD MEMBER-UK 1.00
Director
$0 $0 $0
NISHA DHAWAN BOARD MEMBER-IN 1.00
Director
$0 $0 $0
SNEHA SHAH KOHLI BOARD MEMBER-IN 1.00
Director
$0 $0 $0
SOJI ADEWUMI BOARD MEMBER-US 1.00
Director
$0 $0 $0
SUSEE TANG GOUGH BOARD MEMBER-HK 1.00
Director
$0 $0 $0
THOMAS PLANK BOARD MEMBER-HK 1.00
Director
$0 $0 $0
LARRY BLOOM CFO 40.00
Officer
$153,800 $6,940 $160,740
DANIEL PARNETTI SR PROGRAM MANAGER 40.00
Highest
$117,075 $9,366 $126,441
WILSON VENTURA DIRECTOR OF FINANCE 40.00
Highest
$131,075 $24,572 $155,647
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,802,297 $10,294,166 $7,671,486 $1,508,131
2024 $8,584,730 $10,292,012 $6,994,819 $-1,707,282
2023 $10,873,067 $10,958,149 $10,200,149 $-85,082
2023 $10,873,067 $10,958,149 $10,200,149 $-85,082
2022 $9,319,505 $11,014,625 $10,411,489 $-1,695,120
2021 $8,896,356 $7,728,769 $11,350,043 $1,167,587
2020 $6,834,793 $7,098,614 $9,120,547 $-263,821
2019 $9,849,632 $6,856,659 $8,934,603 $2,992,973
2018 $5,984,758 $5,327,676 $5,422,310 $657,082
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