DIAMOND EMPOWERMENT FUND INC Charity Report

Public IRS 990 nonprofit record

DIAMOND EMPOWERMENT FUND INC

EIN 20-5967103 · International Relief (Q33)

What they do

THE "DIAMOND EMPOWERMENT FUND" MISSION is to SUPPORT INITIATIVES THAT DEVELOP and EMPOWER PEOPLE IN THE DIAMOND COMMUNITIES WORLDWIDE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $61.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders33 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

64.21%of revenue went to mission work61.8% of expenses · Program services

31.70%of revenue went to fundraising30.5% of expenses

$103.88spent for every $100 of revenueSpending was higher than revenue this year.

7.97%of revenue went to management and office costs7.7% of expenses

$0.66in assets for every $1 spent this yearSome assets cannot be spent right away.

99.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $28,925 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $207,476 for NANCY OREM LYMAN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$745,562

Mission workProgram services$478,75964.21% of revenue61.8% of expenses

ManagementOffice and general costs$59,4207.97% of revenue7.7% of expenses

FundraisingAsking for donations$236,30831.70% of revenue30.5% of expenses

Total expenses$774,487103.88% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 61.8% mission · 7.7% management · 30.5% fundraisingTotal expenses: 103.88% of revenue

2023Expense mix: 59.1% mission · 10.8% management · 30.1% fundraisingTotal expenses: 102.11% of revenue

2022Expense mix: 64.9% mission · 6.4% management · 28.6% fundraisingTotal expenses: 126.56% of revenue

2021Expense mix: 63.7% mission · 9.7% management · 26.6% fundraisingTotal expenses: 105.36% of revenue

2020Expense mix: 69.5% mission · 9.1% management · 21.4% fundraisingTotal expenses: 108.44% of revenue

2019Expense mix: 68.9% mission · 8.2% management · 22.9% fundraisingTotal expenses: 86.71% of revenue

2018Expense mix: 72.2% mission · 5.4% management · 22.3% fundraisingTotal expenses: 87.77% of revenue

2017Expense mix: 64.4% mission · 5.6% management · 30.0% fundraisingTotal expenses: 103.99% of revenue

Money in and money out

Revenue$745,562

Expenses$774,487

Annual shortfall $28,925 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$478,759 · 61.8% of expenses

Management and office costs$59,420 · 7.7% of expenses

Fundraising$236,308 · 30.5% of expenses

See all reported dollar amounts

Revenue$745,562

Expenses$774,487

Assets$512,366

Income$952,331

Contributions$740,562

Mission work (program services)$478,759

Fundraising$236,308

Grants given$50,000

Average grant$25,000

Management and general$59,420

Executive compensation (total)$162,258

Accounting fees$20,374

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

NANCY OREM LYMANEXECUTIVE DIRECTOR · 40 hrs/week $207,476Base $175,000 · Other $32,476

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (33)

NANCY OREM LYMANEXECUTIVE DIRECTOR

NILESH KOTHARIBOARD MEMBER

KEALEBOGA PULEBOARD MEMBER

KRISTIE NICOLOSIBOARD MEMBER

LOLA OLADUNJOYEBOARD MEMBER

MARCUS TER HAARBOARD MEMBER

MARK KLEINBOARD MEMBER

MIKE ALEXANDERBOARD MEMBER

NATHALIE DIAMANTISBOARD MEMBER

KATHY COREYPRESIDENT

PETER ENGELPRESIDENT ELECT

PIYUSH PATELBOARD MEMBER

PRITESH PATELBOARD MEMBER

REBECCA FOERSTERBOARD MEMBER

SALLY MORRISONBOARD MEMBER

SARIN BACHMANNBOARD MEMBER

STEPHANIE GOTTLIEBBOARD MEMBER

ABHAY JAVERIBOARD MEMBER

JACK GABRIELBOARD MEMBER

IRIS VAN DER VEKENBOARD MEMBER

ELLEN JUNGERBOARD MEMBER

EDDIE LE VIANBOARD MEMBER

DOV TANNENBAUMBOARD MEMBER

DAVID BONAPARTETREASURER

CRAIG ROTTENBERGBOARD MEMBER

CONSTANCE POLAMALUBOARD MEMBER

CHRISTINA GANDIA GAMBALEBOARD MEMBER

BOBBI HANSENBOARD MEMBER

BENJAMIN F CHAVISBOARD MEMBER

AVI LEVYBOARD MEMBER

ANNA MARTINBOARD MEMBER

ANDREW SIEGELBOARD MEMBER

ALLISON KATZ ALIBOARD MEMBER

About this charity

Recognized since: January 2007
Location: 450 LEXINGTON AVE 4FL, NEW YORK, NY 10017
County: New York
In care of: KATHY COREY
Primary officer: KATHY COREY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(212) 359-4219

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SKODY SCOT & CO CPAS PC
NTEE classification: International Relief (Q33)
IRS tax category: International Relief
Grant-giving organization: Yes