Rustin Fund for Global Equality INC EIN 47-4365484 Form 990 (PDF) Claim this org

Rustin Fund for Global Equality INC

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Rustin Fund for Global Equality INC is a civil rights and advocacy nonprofit based in Brooklyn, NY, formed in 2015. For fiscal year 2025 it reported $240K in revenue, $211K in expenses, and $88K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Civil Rights & Advocacy
Location
Brooklyn, NY
Website
rustinfund.org
Filings
4 on file (2022–2025)
Revenue
$240KFY2025
Expenses
$211K
Net assets
$88K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-4365484 Public charity (501(c)(3)) Brooklyn, NY Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
a civil rights and advocacy nonprofit
Leadership
Mark Covey · Chairman
Money in and out
$240K revenue, $211K expenses
Bottom line
99% program efficiency
Where the money goes · FY2025
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $29K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate▼ -69% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -56% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$240K
FY2025▲ +290%
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$88K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRustin Fund for Global Equality INC
EINHdr · item D47-4365484
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jrustinfund.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R26)
Ruling yearIRS BMFFeb 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $209K of program spending, described in the organization's own filed words · FY2025.
01

The rustin fund for global equality supports individuals and organizations helping lgbti people become full participants in society.

$209Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$240K
Total revenueLn 12$240K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$209K
Management & general1%$2K
Total functional expensesLn 25$211K

Balance Sheet

Part X · end of year
CashLn 1$88K
Total assetsLn 16$88K
Total liabilitiesLn 26$0
Total net assetsLn 32$88K
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $88K · Operating expenses/yr $211K
5.0 months
Where the money goes
Program services
Program services $209K · Total expenses $211K
99%
Management & General
Management & general $2K · Total expenses $211K
1.0%
Fundraising
Fundraising $0 · Total expenses $211K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $240K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $240K · Total revenue $240K
100%
Government reliance
Government grants — · Total revenue $240K
Earned-income share
Program service revenue $0 · Total revenue $240K
0%
Investment reliance
Investment income $0 · Total revenue $240K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $211K
0%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $62K
+290%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $211K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $88K
Net-asset ratio
Net assets $88K · Total assets $88K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $88K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Covey · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $211K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $211K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1.0%
Revenue growth 290%

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 3 funders$31K
See all 3 funders →

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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)$240K revenue · viewing · ⤓ 990 PDF
FY2024$62K revenue · ⤓ 990 PDF
FY2023$16K revenue · ⤓ 990 PDF
FY2022$56K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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