Nonprofit · EIN 83-0819490
VILLAGE OF EMPOWERMENT INC
Tax-exempt · DESOTO, TX 75123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $93,000 | $235,471 | -$142,471 | $322,634 | $0 | $322,634 |
| December 31, 2023 | 990 (amended) | $265,105 | $0 | $265,105 | $465,105 | $0 | $465,105 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $93,000
- Net gain from sales of assets
- $93,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $235,471
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $235,471
Balance sheet and other
- Total assets, start of year
- $465,105
- Total assets, end of year
- $322,634
- Total liabilities, end of year
- $0
- Net assets, end of year
- $322,634
- Net assets without donor restrictions
- $322,634
- Gross receipts
- $93,000
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2018
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK JACOBS | EXECUTIVE OFFICER Trustee or director, Officer | 2 | $0 |
| SHARON BUTLER | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHANIE COOPER | SECRETARY Trustee or director, Officer | 1 | $0 |
| VERNETTA KINNARD | DIRECTOR Trustee or director | 1 | $0 |
| MARIE MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| RITA RATLIFF | DIRECTOR Trustee or director | 1 | $0 |
| ERIC WILSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIE MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| RITA RATLIFF | DIRECTOR Trustee or director | 1 | $0 |
| ERIC WILSON | DIRECTOR Trustee or director | 1 | $0 |
| VERNETTA KINNARD | DIRECTOR Trustee or director | 1 | $0 |
| DEREK JACOBS | EXECUTIVE OFFICER Trustee or director, Officer | 2 | $0 |
| SHARON BUTLER | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHANIE COOPER | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 455, DESOTO, TX 75123-0455
- In care of
- % DEREK JACOBS
- Mailing address (990-N for 2025)
- PO Box 455, Desoto TX 75123
- Principal officer (990-N for 2025)
- Derek Jacobs, PO Box 455, Desoto TX 75123
- Signed the 990
- DEREK JACOBS, DIRECTOR
- Phone
- (972) 201-9741
- Website
- villageofempowerment.org
- Return prepared by
- Rick J Simmons CPA PC
Mission
To empower and equip the Next Generation
Program accomplishments
- Offered workshops and other events to empower and equip the Next GenerationExpenses $235,471 · revenue $93,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 83-0819490
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Derek Jacobs | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $93,000 | $235,471 | $322,634 | XML |
| 990-N for 2023 Officer: Derek Jacobs | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $265,105 | $0 | $465,105 | XML |
| 990-N for 2021 Officer: Derek Jacobs | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Derek Jacobs | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0819490).
Questions about VILLAGE OF EMPOWERMENT INC
- What is the EIN of VILLAGE OF EMPOWERMENT INC?
- The employer identification number (EIN) of VILLAGE OF EMPOWERMENT INC is 83-0819490.
- Is VILLAGE OF EMPOWERMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to VILLAGE OF EMPOWERMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE OF EMPOWERMENT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VILLAGE OF EMPOWERMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILLAGE OF EMPOWERMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of VILLAGE OF EMPOWERMENT INC?
- The 990-N for 2025 names Derek Jacobs.
- Who are the officers and directors of VILLAGE OF EMPOWERMENT INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VILLAGE OF EMPOWERMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $93,000, expenses of $235,471 and total assets of $322,634 at year end.
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