2025-03-05T20:00:26-07:00 2024-12-31 990 2024-01-01 874098376 EMPOWERMENT FUND PROJECT INC EMPO 9172709126 400 Tenafly Road Suite 711 Tenafly NJ 076702218 Juhee Choi Director 9173794910 2025-02-26 1 2024 2025-03-06 01:10:19Z Chung Ko 400 Tenafly Road Suite 711 Tenafly NJ 076702218 214840 0 X X 2021 DE The Corporation is created as a supporting organization to advance the tax-exempt purposes of domestic nonprofit organizations that are organized and operated exclusively for charitable, religious, and educational purposes and whose activities include public reading of scripture and "just show up book clubs" to learn, grow, and serve in honoring Christ (the "Supported Organizations"). The Corporation was formed, and will be operated, as a Type I Code section 509(a)(3) supporting organization. 3 3 0 0 0 0 0 0 50 -19642 48304 0 48354 -19642 6000 0 0 0 0 0 40 498 6040 498 42314 -20140 115170 59945 25 25 115145 59920 The Corporation is created as a supporting organization to advance the tax-exempt purposes of domestic nonprofit organizations that are organized and operated exclusively for charitable, religious, and educational purposes and whose activities include public reading of scripture and "just show up book clubs" to learn, grow, and serve in honoring Christ (the "Supported Organizations"). The Corporation was formed, and will be operated, as a Type I Code section 509(a)(3) supporting organization. 0 0 0 0 -19642 EFP achieved the following in the year 2024: 1) Investment program had an annual return of about -47% (mostly unrealized loss due to year end market volatility) for two supported organizations - Liberty in North Korea (LiNK) and Young Life, (2) Regularly met and communicated with the leaders of two organizations throughout the year to discuss operations, contribute to fundraising efforts, and encourage the practice of Public Reading of Scripture / Just-Show-Up Book Clubs to continue to learn, grow, and serve in honoring Christ, (3) Participated in a weeklong board and a trip to South Korea for LiNK, further understanding the impact of their work through spending quality time with staff in Seoul, North Korean refugees, and various NGO partners supported by LiNK. 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X Juhee Choi 9173794910 400 Tenafly Road Suite 711 Tenafly NJ 07670 X Chung Ko President and Director 2.00 0 X X 0 0 0 John Mooney Director 0.5 0 X 0 0 0 Brian Hall Director 0.5 0 X 0 0 0 Juhee Choi Treasurer and Secretary 1.00 0 X 0 0 0 Jayden Ko Founder Member 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 295 295 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 214545 0 234482 0 -19937 0 -19937 -19937 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -19642 -19642 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 498 0 498 0 498 0 498 0 94074 5736 0 0 0 0 0 0 0 0 0 0 0 0 0 0 473 491 0 20623 53718 0 0 0 0 0 0 0 0 115170 59945 25 25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25 25 X 61500 61500 0 0 53645 -1580 115145 59920 115170 59945 -20140 -35085 0 0 0 0 X 0 0 0 X X X 2 Liberty in North Korea 731710135 7 1 0 0 Young Life (Asian Young Life chapter) 840385934 1 1 0 0 2 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 Schedule A, Part IV, Section A, Line 5a (i) Korean Community Church of New Jersey (EIN 80-0342220) was removed effective the beginning of January 1, 2024; (ii) the reason for the removal was change of management; (iii) Bylaws Article II Section B authorizes that supported organizations to be added or removed by the affirmative vote of two-thirds (2/3) of the directors then in office; iv) the directors have affirmatively and unanimously voted to remove Korean Community Church of New Jersey. Schedule A, Part IV, Section A, Line 9c The organization held 225 shares of ROKU, a publicly traded security, while one of the officers of the organization held 1,985 shares of the same security. The officer had the shares prior to the organization purchasing them. On July 10, 2024, the organization sold all of its ROKU shares. Form 990, Part VI, Section A, Line 2 Chung Ko, President and Director, is the spouse of Juhee Choi, Treasurer and Secretary. Form 990, Part VI, Section A, Line 8b Currently there is no separate committee. Form 990, Part VI, Section B, Line 11b The completed Form 990 was reviewed by at least one member (Chung Ko) before filing and the other members were informed that a copy of this form is available upon request. The organization is simple in nature and had limited activity in 2024 (investing activity only with no grantmaking), and the current year activity was discussed with all members at the annual board meeting in December 2024. Form 990, Part VI, Section B, Line 12c Given the simple nature of the organization, the officers and directors' compliance with the policy is monitored via regular communications and interactions throughout the year. The officers and directors are asked to report any notable changes in their status, responsibilities, or activities that may impact the organization, and their compliance is discussed annually at board meetings. Form 990, Part VI, Section B, Line 13 The whistle-blower policy is not deemed applicable. There are no employees, agents, consultants or staff. Form 990, Part VI, Section B, Line 15 There is no compensation paid to any of the organization's officers or directors since the organization's inception. Additionally, there are no employees, agents, consultants or staff. Form 990, Part VI, Section C, Line 19 No documents available to the public Form 990, Part IX, Line 24e Other expenses are comprised of: Delaware annual filing fee of $25, Delaware agent fee of $257 and PO Box rental fee of $216.