Equity Works INC FY2021 filing

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The organization was organized to benefit and support the greenlining institute, a california nonprofit public benefit corporation, and charitable purposes including: (I) to protect and advance the civil, economic, constitutional, and political rights of the communities of color, the inner city communities, and the low-income communities of california; (II) to end discrimination in all forms against the communities of color, the inner-city communities, and the low-income communities of california; and (III) to promote the health, education, welfare, and economies of the communities of color, the inner-city communities, and the low-income communities of california.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $34K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.0M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$645K
+2% vs prior year
Spent
$841K
To programs
97%
Net assets
−$502K
By yearFY2020–FY2024
Revenue
$645K
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$630K
FY2021$645K
FY2022$653K
FY2023$646K
FY2024$632K
Expenses
$841K
FY2021▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$685K
FY2021$841K
FY2022$793K
FY2023$396K
FY2024$661K
Net assets
−$502K
FY2021▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2020−$305K
FY2021−$502K
FY2022$9.4M
FY2023$9.1M
FY2024$9.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $817K Management & general 3% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Equity Works INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances civil, economic, and political rights for communities of color and low-income Californians.

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1 program · $817K · in their own filed words · FY2021
01

The organization leases commercial spaces to the greenlining institute and various not-for-profit tenants, consistent with the charitable purpose of the greenlining institute.

$817Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $800K · 2022–2024
Greenlining InstituteCA · FY2024$500,000
Greenlining InstituteCA · FY2022$300,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$645K
Ln 12
Fees for servicesLn 2g$645K
Money outPt IX
$841K
Ln 25
Programscol B$817K
Managementcol C$25K
Owns and owesPt X
−$502K
net assets · Ln 32
Cash and savingsLn 1–2$913K
Total assetsLn 16$9.5M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$645K
Total revenueLn 12$645K
Assets in detailPt X, end of year
CashLn 1$913K
Cash and savings togetherLn 1–2$913K
Accounts receivableLn 4$12K
Prepaid expenses and deferred chargesLn 9$20K
Land, buildings, equipmentLn 10c$8.0M
Intangible assetsLn 14$520K
Total assetsLn 16$9.5M
LiabilitiesLn 26$10.0M
Net assetsLn 32−$502K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$874K$913K
Land, buildings, equipmentLn 10c$8.2M$8.0M
Total assetsLn 16$9.7M$9.5M
LiabilitiesLn 26$10.0M$10.0M
Net assetsLn 32−$305K−$502K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$364K$364K
Office expensesLn 13$8K$8K
InterestLn 20$187K$187K
Depreciation, depletion and amortizationLn 22$251K$251K
InsuranceLn 23$15K$15K
Total functional expensesLn 25$841K$817K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $632K$661K−$28K$9.0M 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $646K$396K$250K$9.1M 990 PDF
FY2022Filed with the IRS Sep 13, 2023 $653K$793K−$140K$9.4M 990 PDF
FY2021 ViewingFiled with the IRS Aug 18, 2022 $645K$841K−$197K−$502K 990 PDF
FY2020Filed with the IRS Jun 21, 2021 $630K$685K−$55K−$305K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $644,952 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $629,766$644,952
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $629,766$644,952
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $684,899$841,480
I-18 Total expensesPrior year $684,899$841,480
I-19 Revenue less expensesPrior year −$55,133−$196,528
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $644,952 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $644,952$644,952
VIII-12 Total revenueRelated to mission $644,952 · Unrelated business $0 · Excluded from tax $0$644,952
Part IX · Statement of functional expenses $841,480 across 6 lines filed
IX-11c Accounting feesManagement $17,000$17,000
IX-11g Other fees for servicesPrograms $363,557$363,557
IX-13 Office expensesManagement $7,512$7,512
IX-20 InterestPrograms $187,162$187,162
IX-22 Depreciation, depletion and amortizationPrograms $251,387$251,387
IX-23 InsurancePrograms $14,862$14,862
IX-25 Total functional expensesPrograms $816,968 · Management $24,512 · Fundraising $0$841,480
Part X · Balance sheet $9,464,204 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $874,206$913,419
X-4 Accounts receivableStart of year $0$11,846
X-9 Prepaid expenses and deferred chargesStart of year $14,862$19,853
X-10c Land, buildings and equipment, netStart of year $8,232,608$7,999,250
X-14 Intangible assetsStart of year $537,865$519,836
X-16 Total assetsStart of year $9,659,541$9,464,204
X-17 Accounts payable and accrued expensesStart of year $24,770$25,961
X-23 Secured mortgages and notes payableStart of year $9,900,000$9,900,000
X-25 Other liabilitiesStart of year $40,141$40,141
X-26 Total liabilitiesStart of year $9,964,911$9,966,102
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$305,370−$501,898
X-32 Total net assets or fund balancesStart of year −$305,370−$501,898
X-33 Total liabilities and net assetsStart of year $9,659,541$9,464,204
Part XI · Reconciliation of net assets −$501,898 net assets at year end
XI-1 Total revenue$644,952
XI-2 Total expenses$841,480
XI-3 Revenue less expenses−$196,528
XI-4 Net assets at start of year−$305,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$501,898

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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