2024-02-18T15:37:24-07:00 2023-12-31 990EZ 2023-01-01 874098376 EMPOWERMENT FUND PROJECT INC EMPO 9172709126 400 Tenafly Road Suite 711 Tenafly NJ 076702218 Juhee Choi Director 9173794910 2024-02-15 Juhee Choi 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z X X X X 93415 X 0 0 0 50 93365 45061 48304 0 0 0 0 0 0 0 0 48354 6000 0 0 0 0 0 40 6040 42314 35118 37713 115145 X 35118 114697 0 0 0 473 35118 115170 0 25 35118 115145 The Corporation is created as a supporting organization to advance the tax-exempt purposes of domestic nonprofit organizations that are organized and operated exclusively for charitable, religious, and educational purposes and whose activities include public reading of scripture and "just show up book clubs" to learn, grow, and serve in honoring Christ (the "Supported Organizations"). The Corporation was formed, and will be operated, as a Type I Code section 509(a)(3) supporting organization. EFP achieved the following in the year 2023: (1) Investment program delivered an annual return of 91% for three supported organizations - Liberty in North Korea, Young Life, and King's Kids (2) Regular check-ins with the leaders of three organizations throughout the year to discuss operations, examine the impact of their work, and encourage the practice of Public Reading of Scripture / Just-Show-Up Book Clubs (3) Made a grant distribution of $3,000 each to Liberty in North Korea and Young Life (4) Upon an affirmative vote of two-thirds (2/3) of the directors, King's Kids was removed from the list of supported organizations effective January 1, 2024. Ms. Baik, who served as the director for King's Kids since the organization of EFP, retired from King's Kids after 20+ years of service and as such resigned from the board of EFP effective January 1, 2024. 6000 0 0 Chung Ko President and Director 2 0 0 0 Juhee Choi Treasurer, Secretary and Director 2 0 0 0 John Mooney Director 0.5 0 0 0 Brian Hall Director 0.5 0 0 0 Hyo Jung Baik Director 0.5 0 0 0 Jayden Ko Founder Member 3.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Juhee Choi 400 Tenafly Road Suite 711 Tenafly NJ 07670 9173794910 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X X 3 Liberty in North Korea 731710135 7 1 3000 0 Young Life (Asian Young Life chapter) 840385934 1 1 3000 0 Korean Community Church of New Jersey 800342220 1 1 0 0 3 6000 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 Schedule A, Part IV, Section A, Line 9c The supporting organization held shares in FNGU, an exchange-traded fund (a public security) in which the officers of the supporting organization also held shares. The officers held 14,942 shares, while the supporting organization held 390 shares in FNGU. The officers held the shares prior to the supporting organization purchasing them. However, on November 27, 2023, the supporting organization sold all of its 390 shares in FNGU. The supporting organization held shares in ROKU, an exchange-traded security in which the officer of the supporting organization also held shares. The officer held 1,985 shares, while the supporting organization held 225 shares in ROKU. The officer held the shares prior to the supporting organization purchasing them. Form 990-EZ, Part I, Line 10 Grant distributions were made to Young Life of $3,000 and Liberty in North Korea of $3,000 Form 990-EZ, Part I, Line 16 Description;Amount^Delaware annual return filing fee;25|Bank fee;15^Total;40^ Form 990-EZ, Part I, Line 20 Description;Amount^Unrealized gain on investments;37713^Total;37713^ Form 990-EZ, Part II, Line 24 Description;EOY Amount^Prepaid Delaware CSC fee;257|Prepaid PO box fee;216^Total;473^ Form 990-EZ, Part II, Line 26 Description;EOY Amount^Payable for Delaware annual return filing fee;25^Total;25^