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.
Key facts about Economic Development and Empowerment
In short: Economic Development and Empowerment gave $44K across 2 grants in 2025 (avg $22K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- EIN
- 36-2944336
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $44,075
- Grants made (2025)
- 2
- Average grant
- $22,038
- Median grant
- $22,038
- Total assets
- $128,213
- Primary geography
- Florida (88% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$128K
+19.1% YoY
Annual Giving
$44K
+42.2% YoY
Grant Count
2
-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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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.
Here's the math on researching Economic Development and Empowerment by hand.
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