Civic Intelligence

Empower-The Emerging Markets Foundation

EIN 03-0529005 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE Q30

View Organization Page

Profile

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.

106 W 32nd St The YardNew York, NY 10001

www.empowerweb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

43rd percentile

0.17x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$297,605

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

66th percentile

9.7%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

81st percentile

37%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$7,671,486

Up $676,667 (+9.7%) from 2024

Liabilities

Down

$2,004,955

Down $919,253 (-31%) from 2024

Net Assets

Up

$5,666,531

Up $1,595,920 (+39%) from 2024

Operations
Liabilities / Revenue43rd percentileNet Margin66th percentile

Revenue

Up

$11,802,297

Up $3,217,567 (+37%) from 2024

Expenses

Up

$10,294,166

Up $2,154 (+0.0%) from 2024

Net Income

Up

$1,508,131

Up $3,215,413 (+188%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $1,112,612Liabilities 2010: $417,553Net Assets 2010: $695,0592010Assets 2011: $2,291,236Liabilities 2011: $441,827Net Assets 2011: $1,849,4092011Assets 2012: $2,574,839Liabilities 2012: $532,445Net Assets 2012: $2,042,3942012Assets 2013: $2,172,433Liabilities 2013: $686,550Net Assets 2013: $1,485,8832013Assets 2014: $2,531,317Liabilities 2014: $755,693Net Assets 2014: $1,775,6242014Assets 2015: $1,621,300Liabilities 2015: $606,410Net Assets 2015: $1,014,8902015Assets 2016: $3,472,797Liabilities 2016: $1,604,277Net Assets 2016: $1,868,5202016Assets 2017: $3,986,510Liabilities 2017: $744,371Net Assets 2017: $3,242,1392017Assets 2018: $5,422,310Liabilities 2018: $1,468,122Net Assets 2018: $3,954,1882018Assets 2019: $8,934,603Liabilities 2019: $2,047,004Net Assets 2019: $6,887,5992019Assets 2020: $9,120,547Liabilities 2020: $2,591,758Net Assets 2020: $6,528,7892020Assets 2021: $11,350,043Liabilities 2021: $3,549,347Net Assets 2021: $7,800,6962021Assets 2022: $10,411,489Liabilities 2022: $4,499,901Net Assets 2022: $5,911,5882022Assets 2023: $10,200,149Liabilities 2023: $4,466,722Net Assets 2023: $5,733,4272023Assets 2024: $6,994,819Liabilities 2024: $2,924,208Net Assets 2024: $4,070,6112024Assets 2025: $7,671,486Liabilities 2025: $2,004,955Net Assets 2025: $5,666,5312025

Highlighted filing

2025

Assets$7,671,486
Liabilities$2,004,955
Net Assets$5,666,531
Open 2025 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,784,6372010Expenses 2011: $1,591,1202011Revenue 2012: $1,727,040Expenses 2012: $1,534,055Net Income 2012: $192,9852012Revenue 2013: $1,410,747Expenses 2013: $1,967,258Net Income 2013: -$556,5112013Revenue 2014: $2,501,876Expenses 2014: $2,212,135Net Income 2014: $289,7412014Revenue 2015: $1,557,033Expenses 2015: $2,317,767Net Income 2015: -$760,7342015Revenue 2016: $4,324,411Expenses 2016: $5,316,223Net Income 2016: -$991,8122016Revenue 2017: $5,887,954Expenses 2017: $4,505,664Net Income 2017: $1,382,2902017Revenue 2018: $5,984,758Expenses 2018: $5,327,676Net Income 2018: $657,0822018Revenue 2019: $9,849,632Expenses 2019: $6,856,659Net Income 2019: $2,992,9732019Revenue 2020: $6,834,793Expenses 2020: $7,098,614Net Income 2020: -$263,8212020Revenue 2021: $8,896,356Expenses 2021: $7,728,769Net Income 2021: $1,167,5872021Revenue 2022: $9,319,505Expenses 2022: $11,014,625Net Income 2022: -$1,695,1202022Revenue 2023: $10,873,067Expenses 2023: $10,958,149Net Income 2023: -$85,0822023Revenue 2024: $8,584,730Expenses 2024: $10,292,012Net Income 2024: -$1,707,2822024Revenue 2025: $11,802,297Expenses 2025: $10,294,166Net Income 2025: $1,508,1312025

Highlighted filing

2025

Revenue$11,802,297
Expenses$10,294,166
Net Income$1,508,131
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,671,486
Liabilities
$2,004,955
Net assets
$5,666,531
Revenue
$11,802,297
Expenses
$10,294,166
Net income
$1,508,131
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.67$2.00$5.67$11.8$10.3$1.51
2024Detailed filing. Detailed filing data is available for this year.$6.99$2.92$4.07$8.58$10.3$1.71
2023Detailed filing. Detailed filing data is available for this year.$10.2$4.47$5.73$10.9$11.0$0.09
2022Detailed filing. Detailed filing data is available for this year.$10.4$4.50$5.91$9.32$11.0$1.70
2021Detailed filing. Detailed filing data is available for this year.$11.4$3.55$7.80$8.90$7.73$1.17
2020Detailed filing. Detailed filing data is available for this year.$9.12$2.59$6.53$6.83$7.10$0.26
2019Detailed filing. Detailed filing data is available for this year.$8.93$2.05$6.89$9.85$6.86$2.99
2018Detailed filing. Detailed filing data is available for this year.$5.42$1.47$3.95$5.98$5.33$0.66
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.74$3.24$5.89$4.51$1.38
2016Detailed filing. Detailed filing data is available for this year.$3.47$1.60$1.87$4.32$5.32$0.99
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.61$1.01$1.56$2.32$0.76
2014Detailed filing. Detailed filing data is available for this year.$2.53$0.76$1.78$2.50$2.21$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.69$1.49$1.41$1.97$0.56
2012Summary only. Only limited summary data is available for this year.$2.57$0.53$2.04$1.73$1.53$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.44$1.85$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.42$0.70$1.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 22, 2026
Return Version
2024v5.5
Gross Receipts
$12,211,127
Mission and Program Overview

Mission

Empower connects global resources with local solutions so that marginalized young people (ages 10-24) in emerging market countries can create bold, transformative change in their lives and communities. Empower is building a world where young people at the margins,especially girls, have the tools, skills and power to live their best lives. Keeping gender equity and inclusion at the heart of everything we do, we invest in local community-based organizations to empower marginalized young people to reach their fullest potential.

Empower's mission is to partner with local organizations in emerging market countries and other change-makers to enable marginalized 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,668,129$3,907,462▲ $239,333
Pledges and Grants Receivable$1,985,773$2,792,835▲ $807,062
Cash and Non-Interest-Bearing Accounts$1,166,596$759,965▼ $406,631
Prepaid Expenses and Deferred Charges$94,242$146,952▲ $52,710
Land, Buildings, and Equipment, Net$47,732$43,744▼ $3,988
Total Assets$6,994,819$7,671,486▲ $676,667
Other Assets Total$32,347$20,528▼ $11,819
Liabilities
Grants Payable$2,710,322$1,655,563▼ $1,054,759
Accounts Payable and Accrued Expenses$213,886$349,392▲ $135,506
Total Liabilities$2,924,208$2,004,955▼ $919,253
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,333,921$3,032,135▲ $698,214
Net Assets Without Donor Restrictions$1,736,690$2,634,396▲ $897,706
Total Net Assets Fund Balance$4,070,611$5,666,531▲ $1,595,920
Total Liabilities and Net Assets / Fund Balance$6,994,819$7,671,486▲ $676,667

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,744$67,190$110,934

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,025,120$2,817▲ $37,890-$1,065,827
2023$77,148$931,365▲ $16,607-$1,025,120
2022$25,848$51,300--$77,148
2021-$25,848--$25,848
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia SteelePresident and CEOFT$275,000$22,605$297,605
Larry BloomCFOFT$153,800$6,940$160,740
Wilson VenturaDirector of FinanceFT$131,075$24,572$155,647
Daniel ParnettiSr Program ManagerFT$117,075$9,366$126,441

Board Members and Trustees

NameTitle
Aasha PaiBoard Member-hk
Aleem JivrajBoard Member-hk
Aparna UppaluriBoard Member-hk
Avon NeoBoard Member-hk
Eg MorseBoard Member-hk
Harshid PatelBoard Member-hk
Jessica KohBoard Member-hk
Maddy FooBoard Member-hk
Maryann TsengBoard Member-hk
Nicholas KohBoard Member-hk
Rachel AndrewsBoard Member-hk
Richard JohnstonBoard Member-hk
Stephen ChangBoard Member-hk
Susee Tang GoughBoard Member-hk
Thomas PlankBoard Member-hk
Vivien TeuBoard Member-hk
Nisha DhawanBoard Member-in
Sneha Shah KohliBoard Member-in
Finbar CookeBoard Member-uk
James ElleryBoard Member-uk
Jeremy LlewelynBoard Member-uk
Jonathan BellBoard Member-uk
Liliana CastilloBoard Member-uk
Linda WeisertBoard Member-uk
Mary-therese BartonBoard Member-uk
Nicolette NaylorBoard Member-uk
Ozan TarmanBoard Member-uk
Parvoleta ShterevaBoard Member-uk
Pontso MafetheBoard Member-uk
Swatee DeepakBoard Member-uk
Toby WestBoard Member-uk
Basak YavuzBoard Member-us
Beth FredrickBoard Member-us
Flavio FigueiredoBoard Member-us
James DonaldBoard Member-us
Kevin MurphyBoard Member-us
Kristin CevaBoard Member-us
Liza GreenBoard Member-us
Marc BalstonBoard Member-us
Michael HirschhornBoard Member-us
Osmin RiveraBoard Member-us
Patricia AhnBoard Member-us
Reggie DodgeBoard Member-us
Rekha NairBoard Member-us
Robert KushenBoard Member-us
Soji AdewumiBoard Member-us
Revenue and Support

Revenue Composition

Contributions and Grants
$11,594,836
Program Service Revenue
$0
Investment Income
$83,464
Other Revenue
$123,997
All Other Contributions
$7,608,700
Change in Net Assets
$1,508,131

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,802,297
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$105,827
Total Revenue per Audited Statements
$11,908,124
Total Revenue per Form 990
$11,802,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,192,795
Salaries, Compensation, and Employee Benefits$3,360,695
Other Expenses$1,740,676
Total Fundraising Expense$1,255,566
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$5,192,795--$5,192,795
Other Salaries and Wages$1,366,668$404,082$683,153$2,453,903
Fees for Services Other$626,188$177,249$132,886$936,323
Current Officers, Directors, Trustees, and Key Employees$254,916$84,958$92,424$432,298
Payroll Taxes$97,157$29,305$46,596$173,058
Other Employee Benefits$96,884$29,144$46,599$172,627
Travel$66,766$40,581$23,650$130,997
Pension Plan Contributions$71,105$21,601$36,103$128,809
Fees for Services Accounting-$99,465-$99,465
Occupancy$41,237$6,468$15,143$62,848
Other Expenses$397$39,900$102$40,399
Fees for Services Legal-$36,638-$36,638
Office Expenses$10,024$10,971$8,720$29,715
Depreciation Depletion$10,251$2,838$3,857$16,946
Insurance$2,378$804$908$4,090
Total Functional Expenses$7,935,000$1,103,600$1,255,566$10,294,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,312,204
Expenses per Audited Statements$10,294,166
Total Expenses per Form 990$10,294,166
Expenses Not Reported on Form 990$18,038
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
6
Employees
42
Spending
$8,955,990

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumFundraising, Travel, Office Expenses, Program RelatedProgram Services & Fundraising15$2,187,136
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth16$1,225,024
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth00$1,195,450
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth110$1,111,010
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Fundraising, Travel, Office Expenses, Program RelatedProgram Services & Fundraising16$1,035,876
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth00$940,400
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Fundraising, Travel, Office Expenses, Program RelatedProgram Services & Fundraising110$511,944
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth15$360,000
Europe (including Iceland & Greenland)Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth00$247,150
Russia and Neighboring States - Armenia, Azerbijan, Belarus,Grants to Recipients Located in the RegionImprove Livelihoods, Education, and Health of Marginalized Youth00$142,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$408,830
Fundraising Gross Income$408,830
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards Dinner$4,394,966$408,830$408,830$0
Total Events$4,394,966$408,830$408,830$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 has in the past been reviewed by the global finance/audit committee after it being filed. The global finance/audit committee consists of four board directors, one of whom is the treasurer. This meeting takes place with both the executive director and includes the independent auditors. As of this filing and beyond, the global finance/audit committee will review the form 990 before the filing.”

Form 990, Part VI, Section B, Line 12C

“Conflicts may arise when directors of the governing body propose a certain grantee to be considered for funding. If, after staff due diligence, the organization is recommended to the board for approval, the referring director must recuse him/herself from the approval process.”

Form 990, Part VI, Section B, Line 15

“The global executive committee determines the compensation of the president/ceo. The committee performs annual appraisals encompassing self-assessment, feedback from staff and other board directors, on performance of current goals and any other, as well as setting future goals. Ceo compensation adjustments are considered on a biennial basis, as per an agreed policy for such. The president determines the compensation of senior management based on approved budget guidelines, salary policy and periodic salary benchmarking. Future goals and performance are measured via the president's performance review process, which also includes feedback from direct reports and colleagues.”

Form 990, Part VI, Section C, Line 19

“Financial statements are made public through the website as well as distribution to board directors and major supporters. Other documents are made available on demand.”

Filing and Contact Details

Filer

Filer Name
Empower-the Emerging Markets Foundation
EIN
03-0529005
Phone
2126084455
Address
106 W 32ND ST THE YARD, NEW YORK, NY 10001

Signing Officer

Name
Nisha Dhawan
Title
President and CEO
Phone
2126084455
Signed
2026-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nisha Dhawan
Formed
2006
Legal Domicile
Ny
Voting Board Members
47
Independent Board Members
46
Employees
10
Volunteers
46

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Chris Bellando
Phone
2126972299
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net foreign exchange translation gain 105,827. Bad debt expense -18,038.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Net foreign exchange translation gain 105,827.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT EXPENSE 18,038.”

Raw XML AppendixShowing 400 of 1,553 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER-HK

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