Nonprofit · EIN 20-5967103
DIAMOND EMPOWERMENT FUND INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $745,562 | $774,487 | -$28,925 | $512,366 | $60,800 | $451,566 |
| December 31, 2023 | 990 | $826,567 | $844,010 | -$17,443 | $601,415 | $134,424 | $466,991 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $740,562
- Program service revenue
- $5,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $282,500
- Compensation of officers, directors and key employees
- $207,510
- Other salaries and wages
- $92,815
- Salaries, compensation and benefits (total)
- $326,805
- Professional fundraising fees
- $0
- Legal fees
- $1,675
- Accounting fees
- $20,374
- Occupancy
- $1,487
- Travel
- $13,877
- Depreciation
- $3,133
- Program services (functional)
- $478,759
- Management and general (functional)
- $59,420
- Fundraising (functional)
- $236,308
Balance sheet and other
- Total assets, start of year
- $601,415
- Total assets, end of year
- $512,366
- Total liabilities, end of year
- $60,800
- Net assets, end of year
- $451,566
- Land, buildings and equipment
- $2,713
- Net assets without donor restrictions
- $451,566
- Gross receipts
- $952,331
- Employees
- 2
- Volunteers
- 48
- Year formed
- 2006
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY OREM LYMAN | EXECUTIVE DIRECTOR Officer | 40 | $175,000 | $32,476 |
| KATHY COREY | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| PETER ENGEL | PRESIDENT ELECT Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BONAPARTE | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ABHAY JAVERI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ALLISON KATZ ALI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ANDREW SIEGEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ANNA MARTIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| AVI LEVY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BENJAMIN F CHAVIS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BOBBI HANSEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHRISTINA GANDIA GAMBALE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CONSTANCE POLAMALU | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CRAIG ROTTENBERG | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DOV TANNENBAUM | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDDIE LE VIAN | BOARD MEMBER Trustee or director | 3 | $0 |
| ELLEN JUNGER | BOARD MEMBER Trustee or director | 3 | $0 |
| IRIS VAN DER VEKEN | BOARD MEMBER Trustee or director | 3 | $0 |
| JACK GABRIEL | BOARD MEMBER Trustee or director | 3 | $0 |
| KEALEBOGA PULE | BOARD MEMBER Trustee or director | 3 | $0 |
| KRISTIE NICOLOSI | BOARD MEMBER Trustee or director | 3 | $0 |
| LOLA OLADUNJOYE | BOARD MEMBER Trustee or director | 3 | $0 |
| MARCUS TER HAAR | BOARD MEMBER Trustee or director | 3 | $0 |
| MARK KLEIN | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE ALEXANDER | BOARD MEMBER Trustee or director | 3 | $0 |
| NATHALIE DIAMANTIS | BOARD MEMBER Trustee or director | 3 | $0 |
| NILESH KOTHARI | BOARD MEMBER Trustee or director | 3 | $0 |
| PIYUSH PATEL | BOARD MEMBER Trustee or director | 3 | $0 |
| PRITESH PATEL | BOARD MEMBER Trustee or director | 3 | $0 |
| REBECCA FOERSTER | BOARD MEMBER Trustee or director | 3 | $0 |
| SALLY MORRISON | BOARD MEMBER Trustee or director | 3 | $0 |
| SARIN BACHMANN | BOARD MEMBER Trustee or director | 3 | $0 |
| STEPHANIE GOTTLIEB | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY OREM LYMAN | EXECUTIVE DIRECTOR Officer | 40 | $163,604 | $33,772 |
| ANNA MARTIN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| KATHY COREY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BONAPARTE | TREASURER (INCOMING) Trustee or director, Officer | 3 | $0 | $0 |
| YANCY WEINRICH | TREASURER (OUTGOING) Trustee or director, Officer | 3 | $0 | $0 |
| ABHAY JAVERI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ANDREW SIEGEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| AVI LEVY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BOBBI HANSEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CATHERINE SARR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CHRISTINA GANDIA GAMBALE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CRAIG ROTTENBERG | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DAVID PRAGER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| DOV TANNENBAUM | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| EDDIE LE VIAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ELLEN JUNGER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| IRIS VAN DER VEKEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JACK GABRIEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KEALEBOGA PULE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KENT WONG SIU-KEE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KIMBERLY MILLER CRAWFORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| KRISTIE NICOLOSI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARCUS TER HAAR | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARK KLEIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MIKE ALEXANDER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NATHALIE DIAMANTIS | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| NILESH KOTHARI | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PETER ENGEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| PIYUSH PATEL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| REBECCA FOERSTER | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STELLENE VOLANDES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| STEPHANIE GOTTLIEB | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 450 LEXINGTON AVE FL 4, NEW YORK, NY 10017-3912
- In care of
- % RUSSEL SIMMONS
- Principal officer (990 for 2024)
- DAVID BONAPARTE, 450 LEXINGTON AVE 4FL, NEW YORK, NY 10017
- Signed the 990
- KATHY COREY, PRESIDENT
- Phone
- (212) 359-4219
- Website
- DIAMONDSDOGOOD.COM
- Return prepared by
- SKODY SCOT & CO CPAS PC
Mission
THE "DIAMOND EMPOWERMENT FUND" MISSION IS TO SUPPORT INITIATIVES THAT DEVELOP AND EMPOWER PEOPLE IN THE DIAMOND COMMUNITIES WORLDWIDE.
Program accomplishments
- SUPPORT INITIATIVES THAT PROVIDE YOUTH IN DIAMOND PRODUCING NATIONS WITH ACCESS TO HIGH-QUALITY EDUCATION, SKILL-BUILDING, AND VOCATIONAL TRAINING.Expenses $478,759 · grants $282,500 · revenue $5,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5967103
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $512,366
- Income (IRS master file)
- $952,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $745,562 | $774,487 | $512,366 | IRS |
| 990 | December 2023 | $826,567 | $844,010 | $601,415 | XML |
| 990 | December 2022 | $612,339 | $774,996 | $922,673 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5967103).
Questions about DIAMOND EMPOWERMENT FUND INC
- What is the EIN of DIAMOND EMPOWERMENT FUND INC?
- The employer identification number (EIN) of DIAMOND EMPOWERMENT FUND INC is 20-5967103.
- Is DIAMOND EMPOWERMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DIAMOND EMPOWERMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIAMOND EMPOWERMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DIAMOND EMPOWERMENT FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DIAMOND EMPOWERMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DIAMOND EMPOWERMENT FUND INC?
- The 990 for the year ended December 31, 2024 names DAVID BONAPARTE.
- Who are the officers and directors of DIAMOND EMPOWERMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 33 people; 1 received compensation from the organization, the highest $175,000 (NANCY OREM LYMAN, EXECUTIVE DIRECTOR).
- How much revenue does DIAMOND EMPOWERMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $745,562, expenses of $774,487 and total assets of $512,366 at year end.
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