Economic Development and Empowerment
Economic Development and Empowerment is a private foundation, based in St Petersburg, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $128K in total assets. In 2025, it awarded 2 grants totaling $44K. Net investment income was $10K.
Economic Development and Empowerment at a glance
In short: Economic Development and Empowerment gave $44K across 2 grants in 2025 (avg $22K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $44,075
- +42.2% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $22,038
- +113.3% vs 2024
- Median grant
- $22,038
- Total assets
- $128,213
- +19.1% vs 2024
- Primary geography
- Florida (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Economic Development and Empowerment funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Rotary Club of St Petersburg Florida ($39K). Together the top 2 received $44K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 15 grants of 17 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Economic Development and Empowerment gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $17K (2023) to $131K (2021). In 2025 it made 2 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rotary Club of St Petersburg Florida St Petersburg, FL | Aid to Afghan Refugees | $38,800 |
| Walter Hughes Legacy Foundation | School Construction | $5,275 |
Ready to take the next step with Economic Development and Empowerment?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $128,213 | $93,606 | $61,770 | $44,075 | 2 | $56,813 | $10,239 | $3,302 |
| 2024 | $107,616 | $90,364 | $37,244 | $31,000 | 3 | $77,715 | $4,585 | $2,657 |
| 2023 | $60,469 | $42,002 | $31,974 | $17,400 | 3 | $28,237 | — | $2,044 |
| 2022 | $47,015 | $20,115 | $45,264 | $44,150 | 4 | $45,809 | — | $2,947 |
| 2021 | $83,817 | $176,733 | $140,674 | $130,914 | 5 | — | — | $3,250 |
Under IRS private-foundation payout rules, Economic Development and Empowerment reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Economic Development and Empowerment is led by Peter D. Verbeeck, Director & President since 2024 (on filings since 2021); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Peter D. Verbeeck
Director & President
Secretary → President, 2022
President → President & Director, 2024
On filings since 2021
5 hrs/week
No compensation reported
Carl W. Treleaven
Director & Treasurer
Treasurer → Secretary & Treasurer, 2022
Secretary & Treasurer → Treasurer & Director, 2024
On filings since 2021
5 hrs/week
No compensation reported
James V. Louttit
Director
On filings since 2022
5 hrs/week
No compensation reported
Nancy Barbee
Director
On filings since 2022
5 hrs/week
No compensation reported
Philip D. Eiker Esq.
Director & Secretary
On filings since 2024
5 hrs/week
No compensation reported
Former officers (1)
- Former: Walter K. Hughes (2021) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Economic Development and Empowerment
How much does Economic Development and Empowerment give each year?
Economic Development and Empowerment gave $44K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 3 grants.
How large is Economic Development and Empowerment?
Economic Development and Empowerment reported $128K in total assets on its 2025 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
Where does Economic Development and Empowerment operate?
Economic Development and Empowerment has awarded grants in Florida, Illinois, Kansas, South Carolina.
What is Economic Development and Empowerment's EIN?
Economic Development and Empowerment's EIN (Employer Identification Number) is 36-2944336. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Other open foundation grants in Florida
Florida Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Economic Development and Empowerment's focus areas in our free grants database
Similar Funders
Funders with grantees in common
The Rotary Club of Downers Grove
Downers Grove, IL
To encourage and foster the ideal of service as a basis of worthy enterprise
Assets
$638K
Grants
1
Total Given
$34K
Rotary District 6000 Humanitarian
Pella, IA
The foundation is an organization established within rotary district 6000 for the receipt of charitable contributions for humanitarian and educational projects carried out by district rotarians and rotary clubs within and outside the united states.
Assets
$620K
Grants
1
Total Given
$19K
Water Sanitation and Hygiene Rotary
Petoskey, MI
An international association of rotarians focused on improving lives worldwide by increasing access to clean water through hygiene education and by providing project coordination and technical support.
Assets
$183K
Grants
1
Total Given
$45K
Daniels Family Sustainable Energy
Sebastopol, CA
Assets
$19K
Grants
2
Total Given
$13K
FM Rotary Foundation
Fargo, ND
The mission of The Fargo-Moorhead Rotary Foundation is to enable local Rotarians the opportunity to advance local, regional, and world-wide projects that focus on understanding, goodwill, and peace. It is funded solely through contributions, and distributes funds for projects that aid the community as well as the world.
Assets
$57K
Grants
2
Total Given
$720K
Sharing Caring and Services
Orange, CA
Assets
$4K
Grants
2
Total Given
$10K
More similar funders
More Funders in Florida
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Economic Development and Empowerment's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Economic Development and Empowerment down — hundreds of funders to go?