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.
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.
About Economic Development and Empowerment
Based on IRS filings
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.
Ready to take the next step with Economic Development and Empowerment?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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