Civic Intelligence

Empower Me Academy

990 • Fiscal year 2020 • EIN 46-5133241

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 08, 2021

26 Balboa StreetSan Francisco, CA 94118

(415) 786-1394

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.44x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.35x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$133,695

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

94th percentile

228%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

0.9%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$384,250

Up $267,200 (+228%) from 2019

Net Assets

Up

$214,641

Up $103,708 (+93%) from 2019

Liabilities

Up

$169,609

Up $163,492 (+2673%) from 2019

Revenue

Up

$483,260

Up $4,135 (+0.9%) from 2019

Expenses

Down

$379,530

Down $8,295 (-2.1%) from 2019

Net Income

Up

$103,730

Up $12,430 (+14%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2018: $19,662Liabilities 2018: $292018Assets 2019: $117,050Liabilities 2019: $6,117Net Assets 2019: $110,9332019Assets 2020: $384,250Liabilities 2020: $169,609Net Assets 2020: $214,6412020Assets 2021: $420,785Liabilities 2021: $156,345Net Assets 2021: $264,4402021Assets 2022: $838,296Liabilities 2022: $156,714Net Assets 2022: $681,5822022Assets 2023: $356,487Liabilities 2023: $172,176Net Assets 2023: $184,3112023

Highlighted filing

2020

Assets$384,250
Liabilities$169,609
Net Assets$214,641

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2018: $89,916Expenses 2018: $87,178Net Income 2018: $2,7382018Revenue 2019: $479,125Expenses 2019: $387,825Net Income 2019: $91,3002019Revenue 2020: $483,260Expenses 2020: $379,530Net Income 2020: $103,7302020Revenue 2021: $897,226Expenses 2021: $847,427Net Income 2021: $49,7992021Revenue 2022: $1,681,967Expenses 2022: $1,264,825Net Income 2022: $417,1422022Revenue 2023: $885,565Expenses 2023: $1,382,836Net Income 2023: -$497,2712023

Highlighted filing

2020

Revenue$483,260
Expenses$379,530
Net Income$103,730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 8, 2021
Return Version
2020v4.0
Gross Receipts
$483,260
Mission and Program Overview

Mission

We teach all the skills and fundamentals, then step in at opportune times during classes to take advantage of great teaching moments, which accelerates their development and growth potential.

Empower ME Academy provides a holistic training experience. Student-Athletes develop better basketball skills and improve their attitude, commitment, and discipline. Ultimately, our Student-Athletes become well-rounded leaders and adults, successful on the court and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$150,165-
Cash and Non-Interest-Bearing Accounts$7,358$129,294▲ $121,936
Receivables From Officers Etc$108,241$102,101▼ $6,140
Investments in Publicly Traded Securities-$1,240-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$117,050$384,250▲ $267,200
Other Assets Total$1,451$1,450▼ $1
Liabilities
Unsecured Notes Loans Payable-$167,000-
Accounts Payable and Accrued Expenses$6,117$2,609▼ $3,508
Total Liabilities$6,117$169,609▲ $163,492
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$110,933$214,641▲ $103,708
Total Net Assets Fund Balance$110,933$214,641▲ $103,708
Total Liabilities and Net Assets / Fund Balance$117,050$384,250▲ $267,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerome GumbsCEOFT$120,000$13,695$133,695

Board Members and Trustees

NameTitle
David GlickmanPresident
Pam BurkeVice President
Bill OldsDirector
Brian NeeceDirector
George Gund VDirector
Jason GreenfieldDirector
Karen KindlerDirector
Keaton CaranoDirector
Russel JonesDirector
Stephanie Kanoeola JeongDirector
Stephen DavisDirector
Victor WangDirector
Davin McAndrewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,022
Program Service Revenue
$292,945
Investment Income
$176
Other Revenue
$117
All Other Contributions
$185,022
Change in Net Assets
$103,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,697
Other Expenses$153,833
Total Fundraising Expense$5,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$108,000$12,000-$120,000
Occupancy$68,163$10,440-$78,603
Other Salaries and Wages$37,052$26,870-$63,922
Other Employee Benefits$21,452$5,749-$27,201
Fees for Services Accounting-$19,590-$19,590
Payroll Taxes$11,494$3,080-$14,574
Information Technology$915$11,553-$12,468
Fees for Services Other$6,345-$4,313$10,658
Advertising$3,734--$3,734
Insurance$2,125$236-$2,361
Office Expenses-$1,047-$1,047
All Other Expenses-$420-$420
Other Expenses$402$-110$1,544$402
Total Functional Expenses$282,798$90,875$5,857$379,530
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$108,241$102,101▼ $6,140
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management and a member of the board of directors. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of the organization's ceo annually in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salary. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Empower Me Academy
EIN
46-5133241
Phone
4157861394
Address
26 Balboa Street, San Francisco, CA 94118

Signing Officer

Name
Jerome Gumbs
Title
CEO
Phone
4157861394
Signed
2021-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerome Gumbs
Formed
2014
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
4

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
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