Economic Development and Empowerment

ST PETERSBURG, FL EIN: 36-2944336

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.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$128K

+19.1% YoY

Annual Giving

$44K

+42.2% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$22K

+113.3% YoY

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.

About Economic Development and Empowerment

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kansas $53K (42%)

Florida $49K (38%)

Illinois $16K (12%)

South Carolina $10K (8%)

States

Florida Illinois Kansas South Carolina

Cities

EvanstonLenexaMiamiSt PetersburgSumter

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$128,213	$107,616	$60,469
Revenue	$93,606	$90,364	$42,002
Expenses	$61,770	$37,244	$31,974
Qualifying Distributions	$56,813	$77,715	$28,237
Net Investment Income	$10,239	$4,585	—
Distributable Amount	$3,302	$2,657	$2,044

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Rotary Club of St Petersburg Florida ($38,800), Walter Hughes Legacy Foundation ($5,275).

Recipient	Purpose	Amount
WALTER HUGHES LEGACY FOUNDATION	SCHOOL CONSTRUCTION	$5,275
ROTARY CLUB OF ST PETERSBURG FLORIDA ST PETERSBURG, FL	AID TO AFGHAN REFUGEES	$38,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
PETER VERBEECK	DIRECTOR/PRESIDENT	5	—
CARL W TRELEAVEN	DIRECTOR/TREASURER	5	—
PHILIP EIKER	DIRECTOR/SECRETARY	5	—
JAMES V LOUTTIT	DIRECTOR	5	—
NANCY BARBEE	DIRECTOR	5	—

Frequently Asked Questions

How large is Economic Development and Empowerment?

As of 2025, Economic Development and Empowerment holds $128K in total assets with $94K in annual revenue. It awarded 2 grants totaling $44K in 2025.

Where does Economic Development and Empowerment operate?

Economic Development and Empowerment has awarded grants in Florida, Illinois, Kansas, South Carolina.

What size grants does Economic Development and Empowerment award?

In 2025, Economic Development and Empowerment awarded 2 grants totaling $44K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Economic Development and Empowerment required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Economic Development and Empowerment reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.