Equitable EIN 46-5234202

Equitable FY2022 filing

EIN  46-5234202 Public foundation / grantmaker Ada, MI Founded 2014
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Distributes fresh produce and nutrition education to improve community health.
Leadership
Dana Eardley · Director
Money in and out
$147K revenue, $129K expenses
Bottom line
100% program efficiency

Distributes fresh produce and nutrition education to improve community health. For fiscal year 2022 it reported $147K in revenue, $129K in expenses, and $68K in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$147K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$147K
FY2022▼ -26%
Expenses
$129K
FY2022▼ -34%
Total assets
$68K
FY2022▲ +36%
Total liabilities
$0
FY2022
Total revenue
$147K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$68K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Heartside gleaning purchased and received donations of fresh fruits and vegetables and donated them to local soup kitchens, food pantries, and low income residents. Nutrition educaiton was provided via handouts. One hundred and three volunteers were utilized to provide these services.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquitable
EINHdr · item D46-5234202
Principal addressHdr · item CAda, MI
WebsiteHdr · item Jwww.equitablemi.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJun 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$128K · 87%
Contributions & grants$19K · 13%
Program service revenue87%$128K
Contributions & grants13%$19K
Investment income$4
— government grantsLn 1e$4K
Total revenueLn 12$147K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$129K
Total functional expensesLn 25$129K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$68K
Total liabilitiesLn 26$0
Total net assetsLn 32$68K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $129K
5.6 months
Where the money goes
Program services
Program services $129K · Total expenses $129K
100%
Management & General
Management & general $0 · Total expenses $129K
0%
Fundraising
Fundraising $0 · Total expenses $129K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $332 · Solicited contributions (3-yr avg) $97K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $147K
13%
Government reliance
Government grants $4K · Total revenue $147K
2%
Earned-income share
Program service revenue $128K · Total revenue $147K
87%
Investment reliance
Investment income $4 · Total revenue $147K
0%
Program self-sufficiency
Program service revenue $128K · Total expenses $129K
99%
Growth & trend
Revenue growth (YoY)
This year $147K · Prior year $199K
-26%
Net-asset trend (YoY)
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $147K · Expenses $129K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $68K
Net-asset ratio
Net assets $68K · Total assets $68K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $68K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dana Eardley · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $129K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12K · Total expenses $129K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -26%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$134K revenue · ⤓ 990 PDF
FY2024$146K revenue · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$147K revenue · viewing · ⤓ 990 PDF
FY2021$199K revenue · ⤓ 990 PDF
FY2020$214K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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