Nonprofit · EIN 83-2198837
ECONOMIC EMPOWERMENT CENTER
Tax-exempt · OMAHA, NE 68107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,315,945 | $1,132,017 | $3,183,928 | $8,974,734 | $321,029 | $8,653,705 |
| December 31, 2023 | 990 | $2,347,697 | $912,991 | $1,434,706 | $5,579,406 | $109,629 | $5,469,777 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,934,687
- Program service revenue
- $252,835
- Investment income
- $128,423
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $122,280
- Compensation of officers, directors and key employees
- $180,525
- Other salaries and wages
- $421,545
- Salaries, compensation and benefits (total)
- $795,866
- Professional fundraising fees
- $0
- Occupancy
- $56,578
- Program services (functional)
- $1,031,044
- Management and general (functional)
- $90,876
- Fundraising (functional)
- $10,097
Balance sheet and other
- Total assets, start of year
- $5,579,406
- Total assets, end of year
- $8,974,734
- Total liabilities, end of year
- $321,029
- Net assets, end of year
- $8,653,705
- Net assets without donor restrictions
- $7,485,368
- Net assets with donor restrictions
- $1,168,337
- Gross receipts
- $4,315,945
- Employees
- 11
- Volunteers
- 11
- Year formed
- 2018
- State of legal domicile
- NE
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 |
|---|---|---|---|---|
| Daniel Padilla | Executive Director Officer, Highest-paid employee | 50 | $144,970 | $4,349 |
| Rhonda Byers | Finance Director Officer | 40 | $66,055 | $1,982 |
| Sarah Podany | Board Chair Trustee or director | 2 | $0 | $0 |
| OJ Spooner | Board Treasurer Trustee or director | 2 | $0 | $0 |
| John Bourne | Director Trustee or director | 1 | $0 | $0 |
| Jason Hagan | Director Trustee or director | 1 | $0 | $0 |
| Johnny Nesbit | Director Trustee or director | 1 | $0 | $0 |
| Robia Qasimyar | Board Secretary Trustee or director | 2 | $0 | $0 |
| Aisha Conner | Director Trustee or director | 1 | $0 | $0 |
| Jill McClure | Director Trustee or director | 1 | $0 | $0 |
| Reyna Gonzalez | Director Trustee or director | 1 | $0 | $0 |
| Joel Pedroza | Director Trustee or director | 1 | $0 | $0 |
| Jessica Walters | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Daniel Padilla | Executive Director Officer, Highest-paid employee | 50 | $146,227 | $2,302 |
| Rhonda Byers | Director of Finance Officer | 40 | $51,548 | $647 |
| Madeline Moyer | Board Chair Trustee or director | 2 | $0 | $0 |
| Sarah Podany | Board Secretary Trustee or director | 2 | $0 | $0 |
| OJ Spooner | Board Treasurer Trustee or director | 2 | $0 | $0 |
| John Bourne | Director Trustee or director | 1 | $0 | $0 |
| Jason Hagan | Director Trustee or director | 1 | $0 | $0 |
| Johnny Nesbit | Director Trustee or director | 1 | $0 | $0 |
| Robia Qasimyar | Director Trustee or director | 1 | $0 | $0 |
| Aisha Conner | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7346, OMAHA, NE 68107-0346
- In care of
- % DANIEL PADILLA
- Principal officer (990 for 2024)
- Daniel A Padilla, 4706 S 24th St, Omaha, NE 68107
- Signed the 990
- Daniel A Padilla, Executive Director
- Phone
- (402) 502-1069
- Website
- www.lendinglinkomaha.org
- Return prepared by
- CFO 4 Your Biz Inc
Mission
The mission is to give people a path to financial stability and improved financial health by offering financial education and low-cost loans with favorable terms to residents and small businesses in Omaha, who otherwise would have difficulty accessing loans from traditional lenders.
Program accomplishments
- Give people a path to financial stability and improved financial health by offering low-cost loans with longer repayment terms to residents and small businesses in Omaha, who have difficulty in accessing loans from traditional lenders. This is accomplished by providing financial coaching and helping people transition away from payday and other predatory lenders with the ultimate goal being to help people achieve long-term financial health.Expenses $1,031,044 · grants $122,280 · revenue $4,315,945
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
- 83-2198837
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $8,974,734
- Income (IRS master file)
- $4,315,945
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,315,945 | $1,132,017 | $8,974,734 | XML |
| 990 | December 2023 | $2,347,697 | $912,991 | $5,579,406 | XML |
| 990 | December 2022 | $1,638,241 | $1,354,265 | $4,035,071 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-2198837).
Questions about ECONOMIC EMPOWERMENT CENTER
- What is the EIN of ECONOMIC EMPOWERMENT CENTER?
- The employer identification number (EIN) of ECONOMIC EMPOWERMENT CENTER is 83-2198837.
- Is ECONOMIC EMPOWERMENT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to ECONOMIC EMPOWERMENT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC EMPOWERMENT CENTER 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 ECONOMIC EMPOWERMENT CENTER 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 ECONOMIC EMPOWERMENT CENTER 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 ECONOMIC EMPOWERMENT CENTER?
- The 990 for the year ended December 31, 2024 names Daniel A Padilla.
- Who are the officers and directors of ECONOMIC EMPOWERMENT CENTER?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $144,970 (Daniel Padilla, Executive Director).
- How much revenue does ECONOMIC EMPOWERMENT CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,315,945, expenses of $1,132,017 and total assets of $8,974,734 at year end.
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