EMPOWER TOMORROW INC

EIN: 842695250 501(c)(3) Education

RALEIGH, NC

Total Revenue
$219,909
Total Expenses
$81,555
Total Assets
$249,875
Net Assets
$249,875
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
PRIYANKA PATEL
Phone
2522994507
Tax Period
2022-01-01 to 2022-12-31

EMPOWER TOMORROW INC, founded in 2019, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2022. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 63% operating margin.

Mission

Empower Tomorrow is engaged in helping out kids and youth by providing the tools and necessary materials needed for a child s success in education. Empower Tomorrow is primarily focused in programs and organizations that impact education in parts of India

Program Service Accomplishments

Program 1
Expenses: $2,500

Covid cause a lot delays to go to India and start programs. So Empower Tomorrow started to help in the community here in North Carolina. We provided gift cards to a near by school to help children...

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Covid cause a lot delays to go to India and start programs. So Empower Tomorrow started to help in the community here in North Carolina. We provided gift cards to a near by school to help children who are unable to afford gym shoes and clothes. This was given once school started on August 28th.

Program 2
Expenses: $1,000

Empower Tomorrow provided Walmart Gift cards to a nearby school in North Carolina as well. This was to help children with necessary school supplies who are unable to afford them.

Program 3
Expenses: $1,000

Provided Food Donation in India in November when it was safe to visit India due to Covid and restriction. This was served on the side of the street for children and parents to come by and receive a...

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Provided Food Donation in India in November when it was safe to visit India due to Covid and restriction. This was served on the side of the street for children and parents to come by and receive a warm meal.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $219,909
TOTAL REVENUE $219,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,410
Fundraising Expenses $0
Program Expenses $4,500
Other Expenses $17,145
TOTAL EXPENSES $81,555

Year-over-Year Comparison

2022 2021 Change
Revenue $219,909 $75,736 +1.9%
Expenses $81,555 $61,074 +0.3%
Net Income $138,354 $14,662 +8.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
1
$21,091
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRIYANKA PATEL OFFICER 39
Director
$21,091 $0 $21,091
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
2022 $219,909 $81,555 $249,875 $138,354
2021 $75,736 $61,074 $111,521 $14,662
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