Parity Org INC FY2022 filing

Tax-deductible

Arlington, VA501(c)(3)Civil Rights & AdvocacyEIN 82-0904363Revenue $980K in FY2022

On file with the IRSparity.org1800 N Lynn St Apt 2903, 22209-2057 · Arlington, VATax-exempt since Mar 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To educate the public about, and to advocate for, the presence of women in corporate management and government positions.

501(c)(3) charity; gifts are tax-deductible.
$125K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $14K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$980K
+49% vs prior year
Spent
$672K
To programs
0%
Net assets
$509K
By yearFY2020–FY2024
Revenue
$980K
FY2022▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$251K
FY2021$658K
FY2022$980K
FY2023$250K
FY2024$70K
Expenses
$672K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$319K
FY2021$648K
FY2022$672K
FY2023$424K
FY2024$76K
Net assets
$509K
FY2022▲ +154%
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$201K
FY2022$509K
FY2023$356K
FY2024$350K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Mar 2017.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $672K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
CMO, Cgo
$125,000Pt VII · Sec A
Founder, CEO, CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dina Schenk’s $188K as President, VP of Marketing is at the 99th percentile of top reported officer pay among 240 <$100K civil rights & advocacy 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 · 1 named individual · Part VII

NameFY2023FY2022
Dina Schenk$187,794$125,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and advocates for women in corporate and government leadership roles.

Questions for Parity Org INC

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

Promotion of Parityindex to the General Market

With beta testing complete, we began actively promoting our parityindex analytics saas platform to the general market. The most comprehensive yet affordable and easy-to-use platform of its kind, our parityindex empowers companies with enlightening new data about their diversity, equity, and inclusion efforts--enabling them to identify…

Pt IX · col B
02

2022 best companies for women to advance:in late july, we announced our 2022 best companies for women to advance list, an annual program recognizing organizations that are creating the culture and conditions in which women can rise.

Pt IX · col B
03

The State of Utah Implements Parityindex

After extensive evaluation, the state of utah selected our parityindex as its tool of choice for measuring diversity and equity across its 23,000 government employees. Utah is the first government entity to leverage the parityindex and we anticipate that their groundbreaking step will inspire other states to join them.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$980K
Ln 12
Gifts and grantsLn 1h$980K
Money outPt IX
$672K
Ln 25
Managementcol C$672K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$463K
Total assetsLn 16$531K
LiabilitiesLn 26$22K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$980K
Total revenueLn 12$980K
Assets in detailPt X, end of year
CashLn 1$463K
Cash and savings togetherLn 1–2$463K
Total assetsLn 16$531K
LiabilitiesLn 26$22K
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$140K$463K
Total assetsLn 16$208K$531K
LiabilitiesLn 26$7K$22K
Net assetsLn 32$201K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$125K$125K
Other salaries and wagesLn 7$236K$236K
Other fees for servicesLn 11g$292K$292K
Advertising and promotionLn 12$14K$14K
TravelLn 17$5K$5K
Total functional expensesLn 25$672K$0$672K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $70K$76K−$6K$350K 990 PDF
FY2023 $250K$424K−$174K$356K 990 PDF
FY2022 Viewing $980K$672K$308K$509K 990 PDF
FY2021 $658K$648K$10K$201K 990 PDF
FY2020 $251K$319K−$68K$191K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $979,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $657,602$979,968
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $657,602$979,968
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 $256,878$360,660
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $391,168$310,946
I-18 Total expensesPrior year $648,046$671,606
I-19 Revenue less expensesPrior year $9,556$308,362
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $979,968 across 3 lines filed
VIII-1f All other contributions, gifts and grants$979,968
VIII-1h Total contributions, gifts and grants$979,968
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$979,968
Part IX · Statement of functional expenses $671,606 across 5 lines filed
IX-5 Pay of current officers, directors and key staffManagement $125,000$125,000
IX-7 Other salaries and wagesManagement $235,660$235,660
IX-11g Other fees for servicesManagement $291,803$291,803
IX-12 Advertising and promotionManagement $14,016$14,016
IX-17 TravelManagement $5,127$5,127
IX-25 Total functional expensesPrograms $0 · Management $671,606 · Fundraising $0$671,606
Part X · Balance sheet $530,785 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $139,917$462,692
X-4 Accounts receivable$6,273
X-14 Intangible assetsStart of year $61,820$61,820
X-16 Total assetsStart of year $207,737$530,785
X-17 Accounts payable and accrued expensesStart of year $7,086$21,772
X-26 Total liabilitiesStart of year $7,086$21,772
X-32 Total net assets or fund balancesStart of year $200,651$509,013
X-33 Total liabilities and net assetsStart of year $207,737$530,785
Part XI · Reconciliation of net assets $509,013 net assets at year end
XI-1 Total revenue$979,968
XI-2 Total expenses$671,606
XI-3 Revenue less expenses$308,362
XI-4 Net assets at start of year$200,651
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$509,013

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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