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International : Development and Relief Services (Grantmaking)

EMpower

Connecting the resources of emerging markets professionals with local organizations

four stars

95.59

111 John Street Suite 2410
New York, NY 10038
tel: (212) 608-4455   Web Site
EIN: 03-0529005

Board Leadership
Eric Baurmeister
Board Chair

CEO
Cynthia Steele
President

  Score
(out of 100)
Rating
Overall Score & Rating 95.59 four stars
  Financial 93.77 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 05/01/2021 and includes data from FY2019, the most recent 990 received at that time.

EMpower - The Emerging Markets Foundation, connects the resources of Emerging Markets (EM) professionals worldwide with the vitality of local organizations in emerging market countries. Founded in 2000 by financial professionals from the EM community who wanted to give back to the countries where they did business, EMpower makes grants to local organizations working to improve conditions in their communities. EMpower UK was formed in 2007 when a group of London-based EM professionals wanted to add their resources and energy to the work being done by EMpower US. Recently, EMpower has incorporated in Hong Kong and is in the process of forming an Underwriting Group and a Board. Beginning in 2005, EMpower narrowed its focus to strategically invest in at-risk youth, aged 10-24. We provide funding and other critical support to organizations in EM countries that are working to improve the lives of young people.

EMpower - The Emerging Markets Foundation, connects the resources of Emerging Markets (EM) professionals worldwide with the vitality of local organizations in emerging market countries. Founded in 2000 by financial professionals from the EM community who wanted to give back to the countries where they did business, EMpower makes grants to local organizations working to improve conditions in their communities. EMpower UK was formed in 2007 when a group of London-based EM professionals wanted to add their resources and energy to the work being done by EMpower US. Recently, EMpower has incorporated in Hong Kong and is in the process of forming an Underwriting Group and a Board. Beginning in 2005, EMpower narrowed its focus to strategically invest in at-risk youth, aged 10-24. We provide funding and other critical support to organizations in EM countries that are working to improve the lives of young people.

Financial

four stars

93.77

Accountability & Transparency

four stars

100.00

This rating was published 05/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.7%
  Administrative Expenses 7.3%
  Fundraising Expenses 11.9%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.23
  Program Expenses Growth 31.6%
  Liabilities to Assets 22.9%
All data for Financial Performance Metrics calculations was provided by EMpower on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by EMpower on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
EMpower (NY) 95.59 four stars
El Porvenir (CO) 95.77 four stars
Partners Worldwide (MI) 87.38 three stars
Safe Water Network (NY) 93.07 four stars
Kiva (CA) 85.55 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,954,165
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,838,452
   Related Organizations $0
   Government Grants $0
Total Contributions $9,792,617
   Program Service Revenue $25,782
Total Primary Revenue $9,818,399
   Other Revenue $31,233
TOTAL REVENUE $9,849,632
   
EXPENSES  
   Program Expenses $5,615,230
   Administrative Expenses $491,174
   Fundraising Expenses $750,255
TOTAL FUNCTIONAL EXPENSES $6,856,659
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,992,973
   
Net Assets $6,887,599

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants Allocations $5,615,230 100.0%

Ratings History
EMpower has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 05/01/2021 95.59 four stars
2018-06 12/01/2019 92.01 four stars
2018-06 11/01/2019 91.53 four stars
2017-06 11/01/2018 91.55 four stars
2016-06 02/01/2018 90.21 four stars
2015-06 12/01/2016 90.46 four stars
2014-06 06/01/2016 90.51 four stars
 
CN 2.0
2014-06 11/01/2015 92.60 four stars
2013-06 02/01/2015 91.28 four stars
2013-06 12/22/2014 89.61 three stars
2012-06 12/01/2013 90.75 four stars
2011-06 10/01/2012 88.69 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 03-0529005
Name in IRS Master File EMPOWER-EMERGING MARKETS FOUNDATION
NTEE Code Q30
NTEE Classification International Development, Relief Services
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 2005
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$186,546 2.72% Marta Cabrera President
Other Salaries of Note
$189,011 2.75% Cynthia Steele Executive Vice President

Highly Rated

Charity Name & State Overall Score Overall Rating
EMpower (NY) 95.59 four stars
Kids Around the World (IL) 94.85 four stars
One Acre Fund (IL) 91.75 four stars
Global Fund for Children (DC) 87.19 three stars
Lifewater International (CA) 91.91 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

EMpower
111 John Street
Suite 2410
New York, NY 10038
tel: (212) 608-4455
EIN: 03-0529005

Visit Web Site

Board Leadership

Eric Baurmeister
Board Chair

CEO

Cynthia Steele
President

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