Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $83K paid to officers and key staff.
Raquel Oluyemo’s $90K as Executive Di is at the 25th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Raquel Oluyemo | $90,000 | $30,000 | $90,000 | — | — |
| Molly Haynes | — | — | — | $83,125 | $80,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides scholarships directly to colleges for students pursuing higher education.
Questions for Equal Chance for Education
Your first name shows with your question. Equal Chance for Education answers here, for everyone.
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Ece provides programming, mentorship, career guidance and scholarships in partnership with colleges and universities across the state of TN. Partner colleges provide a negotiated institutional rate for ece scholars to create pathways for college persistence.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $441K | $307K |
| Total assetsLn 16 | $441K | $309K |
| LiabilitiesLn 26 | $0 | $162K |
| Net assetsLn 32 | $441K | $147K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.6M | $1.6M | ||
| Pay of current officers, directors and key staffLn 5 | $83K | $25K | $28K | $31K |
| Other salaries and wagesLn 7 | $106K | $31K | $35K | $39K |
| Payroll taxesLn 10 | $15K | $4K | $5K | $5K |
| Accounting feesLn 11c | $12K | $1K | $10K | $323 |
| Other fees for servicesLn 11g | $10K | $945 | $9K | $277 |
| Advertising and promotionLn 12 | $13K | $4K | $9K | |
| Office expensesLn 13 | $12K | $1K | $6K | $5K |
| TravelLn 17 | $7K | $5K | $2K | |
| Conferences, conventions and meetingsLn 19 | $12K | $12K | ||
| InsuranceLn 23 | $332 | $332 | ||
| Other expenses (24a–d)Ln 24 | $1K | $319 | $746 | |
| Total functional expensesLn 25 | $1.8M | $1.6M | $94K | $104K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.7M | $1.8M | −$89K | $225K | 990 PDF |
| FY2024 | $1.7M | $1.7M | −$39K | $314K | 990 PDF |
| FY2023 | $2.0M | $1.8M | $204K | $351K | 990 PDF |
| FY2022 Viewing | $1.8M | $1.8M | −$32K | $147K | 990 PDF |
| FY2021 | $1.6M | $1.6M | $22K | $441K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,797,877 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, 4 to look at
Part VIII · Statement of revenue $1,797,877 across 6 lines filed
Part IX · Statement of functional expenses $1,830,352 across 12 lines filed
Part X · Balance sheet $309,155 assets, 9 lines filed
Part XI · Reconciliation of net assets $147,120 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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