Parity Org INC FY2023 filing

Tax-deductible

Arlington, VA501(c)(3)Civil Rights & AdvocacyEIN 82-0904363Revenue $250K in FY2023

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.
75¢ of each $1 spent went to programs.
$188K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$188K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 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
$1K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
-74% vs prior year
Spent
$424K
To programs
75%
Net assets
$356K
By yearFY2020–FY2024
Revenue
$250K
FY2023▼ -74%
Tap a bar for its year
Revenue by fiscal year
FY2020$251K
FY2021$658K
FY2022$980K
FY2023$250K
FY2024$70K
Expenses
$424K
FY2023▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$319K
FY2021$648K
FY2022$672K
FY2023$424K
FY2024$76K
Net assets
$356K
FY2023▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$201K
FY2022$509K
FY2023$356K
FY2024$350K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

75 cents of each dollar spent went to programs.

Program services 75% · $319K Management & general 18% · $75K Fundraising 7% · $30K

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

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Who runs it and what they're paid

4 people listed on the 990; $188K paid to officers and key staff.

Part VII, Section A · reportable compensation
President, VP of Marketing
$187,794Pt VII · Sec A
Founder, CEO, CFO, Executive Chair
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
Director, Secretary
$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 15aYes

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 · $319K · in their own filed words · FY2023
01

50 companies implement paritymodels:fifty companies downloaded our paritymodels this year, representing a significant milestone in promoting equitable hiring and promotion practices. This initial success lays a strong foundation for broader implementation and more downloads in the future.

$319Kprogram expense
02

2023 best companies for people of color to advance:we announced our first 2023 best companies for people of color to advance list, an annual program recognizing organizations that are creating the culture and conditions in which people of color can rise.

Pt IX · col B
03

Paritypledge Made by 18 Companies

Eighteen companies took the paritypledge committing to prioritize interviews with underrepresented candidates for leaderships roles.

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$240K
Fees for servicesLn 2g$10K
Money outPt IX
$424K
Ln 25
Programscol B$319K
Managementcol C$75K
Fundraisingcol D$30K
Owns and owesPt X
$356K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$357K
LiabilitiesLn 26$1K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Fees for servicesLn 2g$10K
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
Total assetsLn 16$357K
LiabilitiesLn 26$1K
Net assetsLn 32$356K
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 FY23End FY23
Cash and savingsLn 1–2$463K$295K
Total assetsLn 16$531K$357K
LiabilitiesLn 26$22K$1K
Net assetsLn 32$509K$356K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$188K$131K$38K$19K
Other employee benefitsLn 9$19K$19K
Other fees for servicesLn 11g$211K$188K$18K$5K
Advertising and promotionLn 12$6K$6K
TravelLn 17$150$150
Total functional expensesLn 25$424K$319K$75K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $70K$76K−$6K$350K 990 PDF
FY2023 Viewing $250K$424K−$174K$356K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $249,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $979,968$239,904
I-9 Program service revenuePrior year $0$10,072
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $979,968$249,976
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 $360,660$206,957
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $310,946$216,650
I-18 Total expensesPrior year $671,606$423,607
I-19 Revenue less expensesPrior year $308,362−$173,631
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $249,976 across 4 lines filed
VIII-1f All other contributions, gifts and grants$239,904
VIII-1h Total contributions, gifts and grants$239,904
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,072$10,072
VIII-12 Total revenueRelated to mission $10,072 · Unrelated business $0 · Excluded from tax $0$249,976
Part IX · Statement of functional expenses $423,607 across 5 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $131,456 · Management $37,559 · Fundraising $18,779$187,794
IX-9 Other employee benefitsManagement $19,163$19,163
IX-11g Other fees for servicesPrograms $187,766 · Management $17,862 · Fundraising $5,104$210,732
IX-12 Advertising and promotionFundraising $5,768$5,768
IX-17 TravelManagement $150$150
IX-25 Total functional expensesPrograms $319,222 · Management $74,734 · Fundraising $29,651$423,607
Part X · Balance sheet $357,008 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $462,692$295,188
X-4 Accounts receivableStart of year $6,273$0
X-14 Intangible assetsStart of year $61,820$61,820
X-16 Total assetsStart of year $530,785$357,008
X-17 Accounts payable and accrued expensesStart of year $21,772$1,110
X-26 Total liabilitiesStart of year $21,772$1,110
X-32 Total net assets or fund balancesStart of year $509,013$355,898
X-33 Total liabilities and net assetsStart of year $530,785$357,008
Part XI · Reconciliation of net assets $355,898 net assets at year end
XI-1 Total revenue$249,976
XI-2 Total expenses$423,607
XI-3 Revenue less expenses−$173,631
XI-4 Net assets at start of year$509,013
XI-8 Prior period adjustments$20,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$355,898

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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