Civic Intelligence

Empower Me Academy

990 • Fiscal year 2021 • EIN 46-5133241

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

2443 Fillmore St 380-2990San Francisco, CA 94115

(615) 219-5192

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.37x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.17x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

38th percentile

5.6%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$227,400

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

50th percentile

9.5%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

86%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$420,785

Up $36,535 (+9.5%) from 2020

Net Assets

Up

$264,440

Up $49,799 (+23%) from 2020

Liabilities

Down

$156,345

Down $13,264 (-7.8%) from 2020

Revenue

Up

$897,226

Up $413,966 (+86%) from 2020

Expenses

Up

$847,427

Up $467,897 (+123%) from 2020

Net Income

Down

$49,799

Down $53,931 (-52%) from 2020

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

2021

Assets$420,785
Liabilities$156,345
Net Assets$264,440

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

2021

Revenue$897,226
Expenses$847,427
Net Income$49,799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.0
Gross Receipts
$934,955
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
Cash and Non-Interest-Bearing Accounts$129,294$183,313▲ $54,019
Savings and Temporary Cash Investments$150,165$150,972▲ $807
Receivables From Officers Etc$102,101$43,086▼ $59,015
Intangible Assets-$41,600-
Investments in Publicly Traded Securities$1,240$1,086▼ $154
Inventories for Sale or Use-$468-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$384,250$420,785▲ $36,535
Other Assets Total$1,450$260▼ $1,190
Liabilities
Unsecured Notes Loans Payable$167,000$154,125▼ $12,875
Accounts Payable and Accrued Expenses$2,609$2,220▼ $389
Total Liabilities$169,609$156,345▼ $13,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$214,641$264,440▲ $49,799
Total Net Assets Fund Balance$214,641$264,440▲ $49,799
Total Liabilities and Net Assets / Fund Balance$384,250$420,785▲ $36,535
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerome GumbsCEOFT$212,000$15,400$227,400

Board Members and Trustees

NameTitle
David GlickmanChairman
Pam BurkeVice Chair
Bill OldsBoard Member
Geoerge Gund VBoard Member
Karen KindlerBoard Member
Keaton CaranoBoard Member
Michael LerarisBoard Member
Nisba HusainBoard Member
Paul BurkeBoard Member
Rebecca CisekBoard Member
Victor WangBoard Member
Craig SlayenSecretary
Courtney JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$526,954
Program Service Revenue
$400,214
Investment Income
$3,691
Other Revenue
$-33,633
All Other Contributions
$445,225
Change in Net Assets
$49,799

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art1$5,000Fair Market Value (FMV)
Securities Publicly Traded1$1,086Fair Market Value (FMV)
Other Non Cash Contri Table1$408Fair Market Value (FMV)
Other Non Cash Contri Table1$99Fair Market Value (FMV)
Total Noncash Contributions4$6,593-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,006
Salaries, Compensation, and Employee Benefits$343,421
Total Fundraising Expense$22,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$261,231$10,278-$271,509
Current Officers, Directors, Trustees, and Key Employees$161,308$50,692-$212,000
Other Salaries and Wages$20,758$61,332-$82,090
Fees for Services Other$50,027-$1,383$51,410
Fees for Services Accounting-$42,971-$42,971
Other Employee Benefits$19,212$7,495-$26,707
Information Technology$15,650$9,573-$25,223
Payroll Taxes$18,928$3,696-$22,624
Depreciation Depletion-$10,400-$10,400
All Other Expenses$5,961$2,790-$8,751
Other Expenses$7,321$35$10,301$7,321
Advertising$6,418--$6,418
Interest-$4,125-$4,125
Insurance$2,788$310-$3,098
Travel-$547-$547
Total Functional Expenses$620,945$204,244$22,238$847,427
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,991
Fundraising Gross Income$2,851
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Basketball-Thon$22,494$2,851$29,874$-27,023
Total Events$22,494$2,851$36,991$-34,140
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Samay DesaiRelated to BoardContractorNo$13,793

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$102,101$43,086▼ $59,015
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Jerome Gumbs, CEO is father to employee, Jaydon Aquino.Karen Kindler, Board Member is mother to employee, Alex Kindler.Nisba Husain, Board Member is Aunt to contractor, Samay Desai.

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. 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 atperiodically. The executive director and all board members are required to disclose potential conflicts and any related party affiliations. 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 periodically 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 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation of other employees is reviewed periodically by management in accordance with the organization's personnel policies.

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 by request from the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Empower Me Academy
EIN
46-5133241
Phone
6152195192
Address
2443 Fillmore St 380-2990, San Francisco, CA 94115

Signing Officer

Name
Jerome Gumbs
Title
CEO
Phone
4157861394
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerome Gumbs
Formed
2014
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
13
Employees
14
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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