Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Empower College Prep
EIN 90-0717690 • 501(c)3 • Phoenix, AZ
Profile
The mission of Empower College Prep is to empower children in low-income communities to compete academically with students from any school in the country.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.66x
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
45th percentile
Higher top officer pay than 45% of similar nonprofits.
Top officer pay equals 1.2% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Balance Sheet
Assets
Down$23,013,949
Down $198,474 (-0.9%) from 2023
Liabilities
Down$15,097,376
Down $675,185 (-4.3%) from 2023
Net Assets
Up$7,916,573
Up $476,711 (+6.4%) from 2023
Revenue
Down$14,969,203
Down $2,841,666 (-16%) from 2023
Expenses
Up$14,492,492
Up $477,724 (+3.4%) from 2023
Net Income
Down$476,711
Down $3,319,390 (-87%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $23,013,949
- Liabilities
- $15,097,376
- Net assets
- $7,916,573
- Revenue
- $14,969,203
- Expenses
- $14,492,492
- Net income
- $476,711
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 5, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $15,044,034
Mission and Program Overview
Mission
The mission of empower college prep is to prepare students to succeed in college, solve real-world problems, and maximize thier impact in the world.
Empower college prep's mission is to empower scholars to succeed in college, solve real-world problems, and maximize their impact in the world. Empower college prep will prioritize the partnership between the school, families, and the community to lead children to discover and develop their unique gifts, maximize their full human potential, and fulfill their responsibility to positively impact their world.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $19,161,496 | $18,624,092 | ▼ $537,404 |
| Savings and Temporary Cash Investments | $253,125 | $1,393,497 | ▲ $1,140,372 |
| Cash and Non-Interest-Bearing Accounts | $3,525,177 | $1,358,734 | ▼ $2,166,443 |
| Pledges and Grants Receivable | $229,155 | $1,143,520 | ▲ $914,365 |
| Other Notes and Loans Receivable, Net | - | $415,285 | - |
| Prepaid Expenses and Deferred Charges | $36,805 | $73,226 | ▲ $36,421 |
| Accounts Receivable | $6,665 | $5,595 | ▼ $1,070 |
| Total Assets | $23,212,423 | $23,013,949 | ▼ $198,474 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $14,850,321 | $14,606,411 | ▼ $243,910 |
| Accounts Payable and Accrued Expenses | $913,785 | $443,912 | ▼ $469,873 |
| Other Liabilities | $8,455 | $47,053 | ▲ $38,598 |
| Total Liabilities | $15,772,561 | $15,097,376 | ▼ $675,185 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $7,384,419 | $7,803,327 | ▲ $418,908 |
| Net Assets With Donor Restrictions | $55,443 | $113,246 | ▲ $57,803 |
| Total Net Assets Fund Balance | $7,439,862 | $7,916,573 | ▲ $476,711 |
| Total Liabilities and Net Assets / Fund Balance | $23,212,423 | $23,013,949 | ▼ $198,474 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $16,463,055 | $2,664,080 | $19,127,135 |
| Land | $1,927,729 | - | $1,927,729 |
| Equipment | $233,308 | $315,869 | $549,177 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Brian Holman | CEO/ex Offic | FT | $158,583 | $14,820 | $173,403 |
| Brian Holman | CEO/ex Officio | - | $144,583 | $28,820 | $173,403 |
| David Dillman | Director of | FT | $93,691 | $16,162 | $109,853 |
| Angela Eich | Director of | PT | $103,357 | $4,134 | $107,491 |
| Angela Ortega | Director of | FT | $75,370 | $2,400 | $77,770 |
Board Members and Trustees
| Name | Title |
|---|---|
| Kevin Erickson | Board Chair/ |
| Brandi Adams Bressler | Member |
| David Murray | Member |
| Esly Montenegro | Member |
| Patricia Welborn | Member |
| Steve Inman | Member |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Gcon | Food Service | 1600 W WHISPERING WIND, Phoenix, AZ 85085 | $965,951 |
| Nutrition One | Sped Education | 2508 N 33RD AVENUE, Phoenix, AZ 85009 | $604,904 |
| Austin Center For Exceptional Studen | Transportation | 2122 E HIGHLAND AVE STE 420, Phoenix, AZ 85016 | $256,115 |
| Abundant Transportation | Cleaning Servic | 428 E THUNDERBIRD RD 645, Phoenix, AZ 85022 | $238,952 |
| First Image | - | 10043 WEST WHYMAN AVENUE, Tolleson, AZ 85353 | $178,118 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $14,753,447
- Program Service Revenue
- $47,955
- Investment Income
- $129,241
- Other Revenue
- $38,560
- All Other Contributions
- $414,027
- Change in Net Assets
- $476,711
Audited Revenue Reconciliation
- Revenue per Audi