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Empower-The Emerging Markets Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030529005 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Empower-The Emerging Markets Foundation?

Empower-The Emerging Markets Foundation is a nonprofit organization based in New York City, specifically at 111 John Street 2410, New York, NY 10038. Their primary mission is to empower marginalized young people aged 10-24 in emerging market countries. They achieve this by partnering with local organizations and change-makers, providing them with resources to help these youth transform their lives and communities. The foundation's initiatives focus on fostering economic well-being, inclusive learning, and promoting safe, healthy lives. They support solutions that integrate the voices and experiences of these youth, ensuring their active participation in community development. Empower has a dedicated workforce of 15 individuals committed to making a difference in the lives of these young people.


Official website here: www.empowerweb.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Stars)

Empower-The Emerging Markets Foundation has achieved a perfect score of 100% from Charity Navigator, reflecting its high accountability and financial performance. This rating is significant as it indicates the organization maintains strong governance practices, with a board comprised of 97% independent members. The foundation also scores full marks in various areas, including financial oversight and the absence of asset diversion, underscoring its commitment to ethical practices.

The foundation demonstrates robust financial health, with a program expense ratio of 82.16%, meaning a substantial portion of its funding is directed towards its mission-related activities. Additionally, the fundraising efficiency ratio is commendable at $0.10, indicating that the charity effectively manages its fundraising costs. These metrics suggest that the organization is dedicated to maximizing the impact of its resources on its programs and services.

While the data does not highlight specific limitations, the impressive metrics presented indicate a well-managed organization with a focus on transparency and accountability. Overall, Empower-The Emerging Markets Foundation stands out as a strong choice for donors looking to support an organization with a proven track record of responsible management and effective programming.


This AI summary has been generated from information found on Charity Navigator.

Is Empower-The Emerging Markets Foundation legitimate?

Empower-The Emerging Markets Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Empower-The Emerging Markets Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $434,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,086,308

For more financial information, click here


Official website here: www.empowerweb.org

What is the mission statement of Empower-The Emerging Markets Foundation?

Empower-The Emerging Markets Foundation's mission is centered around partnering with local organizations and change-makers in developing countries. Their primary goal is to empower marginalized young people, between the ages of 10 and 24, to transform their lives and communities. They accomplish this by providing grants to local organizations that focus on solutions that integrate the perspectives and experiences of these young individuals. The solutions they support aim to promote economic well-being, inclusive learning, and safe, healthy living conditions.


Official website here: www.empowerweb.org

Who is the CEO of Empower-The Emerging Markets Foundation?

Larry Bloom is the President And Ceo of Empower-The Emerging Markets Foundation. The CEO's salary of Empower-The Emerging Markets Foundation is $270,000 and their total compensation is $291,600.


Official website here: www.empowerweb.org

What is the revenue of Empower-The Emerging Markets Foundation?

Empower-The Emerging Markets Foundation's revenue in 2022 was $9,319,505.


Official website here: www.empowerweb.org

Who are the executives of Empower-The Emerging Markets Foundation and what are their salaries?

The average compensation at Empower-The Emerging Markets Foundation during 2022 was $168,027. There are 15 employees and 60 volunteers at Empower-The Emerging Markets Foundation.


Here are 57 key members and their salaries (Empower-The Emerging Markets Foundation's CEO's salary is $270,000 and their total compensation is $291,600):


Cynthia Steele (President And Ceo)
  • Compensation: $270,000
  • Related: $0
  • Other: $21,600
Eric Baurmeister (Board Chair-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Fredrick (Treasurer/Finance Chair-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Ceva (Program Chair-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kushen (Program Chair-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Llewelyn (Board Co-Chair-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parvoleta Shtereva (Board Co-Chair-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Balston (Finance Chair-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aditi Thorat (Program Chair-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aleem Jivrag (Board Chair-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aasha Pai (Board Co-Chair-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fernandez (Program Chair-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eg Morse (Development Chair-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murtaza Ahmed (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Ahn (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Donald (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Fernandez-Aller (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hirschhorn (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Jensen (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Kinsella (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Murphy (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rekha Nair (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Ryan (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Valone (Board Member-Us)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pierre-Yves Bareau (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Bayliss (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Bell (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Curran (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Swatee Deepak (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reggie Dodge (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adeel Khan (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alessandra Labombarda (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lekan (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pontso Mafethe (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Patton (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Reedie (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kunal Shah (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ozan Tarman (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Tolhurst (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toby West (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Wickens (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paco Ybarra (Board Member-Uk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Andrews (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Chang (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Falloon (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maddy Foo (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Hall (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Hamou-Jennings (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Johnston (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Koh (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Avon Neo (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivien Teu (Board Member-Hk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Bloom (Cfo)
  • Compensation: $160,821
  • Related: $0
  • Other: $9,234
Juliana Nicoletti (Us Development Manager)
  • Compensation: $101,500
  • Related: $0
  • Other: $0
Daniel Parnetti (Sr Program Manager)
  • Compensation: $116,713
  • Related: $0
  • Other: $9,219
Nicole Rajani (Head Of Global Comm)
  • Compensation: $107,500
  • Related: $0
  • Other: $21,066
Wilson Ventura (Director Of Finance)
  • Compensation: $119,526
  • Related: $0
  • Other: $22,083


Official website here: www.empowerweb.org

Where can I find the form 990 for Empower-The Emerging Markets Foundation?

Empower-The Emerging Markets Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.empowerweb.org

Learn more at the official website: www.empowerweb.org

Mission Statement of Empower-The Emerging Markets Foundation

Empower-The Emerging Markets Foundation's mission involves collaborating with local organizations and change-makers in emerging market countries. The primary objective of this nonprofit organization is to empower marginalized young people, aged between 10 and 24, enabling them to transform their lives and communities. To achieve this, Empower makes grants to local organizations that focus on solutions that incorporate the perspectives and experiences of these marginalized young individuals. The solutions Empower supports are aimed at fostering economic well-being, promoting inclusive learning, and ensuring safe, healthy living conditions for these young people. By partnering with local organizations and change-makers, Empower-The Emerging Markets Foundation seeks to make a significant impact in the lives of marginalized young people in various emerging market countries.

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Impact



July, 2024

Empower-The Emerging Markets Foundation partners with local organizations in emerging market countries to empower marginalized young people aged 10-24 to transform their lives and communities. They provide grants to organizations focusing on solutions that integrate the experiences of young marginalized individuals, fostering economic well-being, inclusive learning, and safe, healthy lives. The impact of Empower lies in enabling young people to create positive change in their societies, promoting economic growth, social inclusion, and improved overall well-being in these regions.



This information is meant to be a general summary of Empower-The Emerging Markets Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,319,505 (2022)
Expenses
$11,014,625 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $282
  • Gross Receipts: $9,541,837

Assets and Liabilities:

  • Total Assets: $10,411,489
  • Total Liabilities: $4,499,901
  • Net Assets: $5,911,588

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Organization Details

Founding Year

2006

Phone

(212) 608-4455

Principal Officer

Larry Bloom

Main Address

111 JOHN STREET 2410, NEW YORK, NY, 10038

Website

www.empowerweb.org

NTEE Category

Code: Q30 - International

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