Equasion EIN 81-5350765 Form 990 (PDF) Claim this org

Equasion

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Fosters respect and collaboration among faith communities through educational programs for an inclusive city. For fiscal year 2025 it reported $186K in revenue, $158K in expenses, and $168K in net assets.Pt I

Founded
2017
Type
Public charity (501(c)(3)) · Human Services
Location
Cincinnati, OH
Website
equasion.org
Filings
6 on file (2020–2025)
Revenue
$186KFY2025
Expenses
$158K
Net assets
$168K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  81-5350765 Public charity (501(c)(3)) Cincinnati, OH Founded 2017
Form 990 (PDF)
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Size
$100K–1M
What they do
Fosters respect and collaboration among faith communities through educational programs for an inclusive city.
Leadership
Robert Harrod · Executive Di · $26K
Money in and out
$186K revenue, $158K expenses
Bottom line
48% program efficiency
Where the money goes · FY2025
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$168K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.44 Fundraising $0.08
Program efficiency
48%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▲ +28% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▼ -24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$186K
FY2025▼ -12%
Expenses
$158K
FY2025▼ -6%
Total assets
$168K
FY2025▲ +20%
Total liabilities
$176
FY2025▼ -9%
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$158K
Pt IX · Ln 25
Net assets
$168K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$168K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquasion
EINHdr · item D81-5350765
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jequasion.org
Year of formationHdr · item L2017
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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
Executive Di
$26,400Pt VII · Sec A
Executive Di
$15,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Harrod’s $26K as Executive Di is at the 15th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2025FY2024
Robert Harrod$26,400$26,400
Deidre Hazelbaker$15,000

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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Mission & Programs · Part III

Where the work happens

2 program services account for $76K of program spending, described in the organization's own filed words · FY2025.
01

Annual cincinnati festival of faiths and other interfaith dialogue

$43Kprogram expense
02

Faith communities go green environment initiative

$33Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$139K · 75%
Program service revenue$40K · 22%
Investment income$4K · 2%
Other revenue$2K · 1%
Contributions & grants75%$139K
Program service revenue22%$40K
Investment income2%$4K
Other revenue1%$2K
Total revenueLn 12$186K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.44 Fundraising $0.08
Program services48%$76K
Management & general44%$70K
Fundraising8%$12K
Total functional expensesLn 25$158K

Balance Sheet

Part X · end of year
CashLn 1$168K
Total assetsLn 16$168K
Total liabilitiesLn 26$176
Total net assetsLn 32$168K
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $168K · Operating expenses/yr $158K
12.8 months
Where the money goes
Program services
Program services $76K · Total expenses $158K
48%
Management & General
Management & general $70K · Total expenses $158K
44%
Fundraising
Fundraising $12K · Total expenses $158K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $8K · Solicited contributions (2-yr avg) $201K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $139K · Total revenue $186K
75%
Government reliance
Government grants — · Total revenue $186K
Earned-income share
Program service revenue $40K · Total revenue $186K
22%
Investment reliance
Investment income $4K · Total revenue $186K
+2%
Program self-sufficiency
Program service revenue $40K · Total expenses $158K
25%
Growth & trend
Revenue growth (YoY)
This year $186K · Prior year $210K
-12%
Revenue CAGR
FY2020 $64K · FY2025 $186K
+24%
Net-asset trend (YoY)
End of year $168K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $186K · Expenses $158K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $168K
Net-asset ratio
Net assets $168K · Total assets $168K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $168K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Harrod · Reported title EXECUTIVE DI · Highest reported compensation $26K · Total expenses $158K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $43K · Total expenses $158K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 44%
Fundraising cost ratio 9%
Revenue growth -12%

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 4 funders$85K
See all 4 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)$186K revenue · viewing · ⤓ 990 PDF
FY2024$210K revenue · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$91K revenue · ⤓ 990 PDF
FY2021$71K revenue · ⤓ 990 PDF
FY2020$64K 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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