Equable Institute FY2023 filing

Queens, NYUnknown exempt organizationEIN 82-3988188

Equable is a non-profit organization that educates and informs employees, retirees, and other stakeholders about how to create real retirement plan sustainability and accountability without sacrificing future income security.

89¢ of each $1 spent went to programs.
$384K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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 3
filings with a surplus
Average deficit $357K a year · 32% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$384K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$995K
-10% vs prior year
Spent
$1.4M
To programs
89%
Net assets
$269K
By yearFY2020–FY2024
Revenue
$995K
FY2023▼ -10%
Revenue by fiscal year
FY2020$1.3M
FY2022$1.1M
FY2023$995K
FY2024Not on file
Expenses
$1.4M
FY2023▲ +34%
Expenses by fiscal year
FY2020$2.0M
FY2022$1.0M
FY2023$1.4M
FY2024Not on file
Net assets
$269K
FY2023▼ -61%
Net assets by fiscal year
FY2020$816K
FY2022$683K
FY2023$269K
FY2024Not on file

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.3M Management & general 11% · $151K Fundraising 0% · $2K

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

Who runs it and what they're paid

8 people listed on the 990; $384K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$239,999Pt VII · Sec A
VP of Research
$144,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2020
Anthony M Randazzo$239,999$200,000$198,000
Jonathan W Moody$144,000$143,000—

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.

See Equable Institute executive salaries →

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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 stakeholders on sustainable retirement plans for income security.

Provided by the organization

This section is blank until Equable Institute claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

2023 PROGRAM SERVICE ACCOMPLISHMENTSEquable helped public sector retirement system stakeholders in multiple states better understand existing sustainability challenges in their state by conducting historic analysis, developing academic research, and providing technical assistance related to forecasting the future performance of plan…

$1.3Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$360K
Grants paid · 7 grants · $865K · 2020–2023
The Reason FoundationCA · FY2023$180,000
Boston College TrusteesMA · FY2023$15,000
The Reason FoundationCA · FY2020$520,000
Arizona State UniversityFY2020$48,217
New York UniversityNY · FY2020$22,181
Georgetown UniversityDC · FY2020$15,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$995K
Ln 12
Gifts and grantsLn 1h$980K
Fees for servicesLn 2g$15K
Investment incomeLn 3$56
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$151K
Fundraisingcol D$2K
Owns and owesPt X
$269K
net assets · Ln 32
Cash and savingsLn 1–2$312K
Total assetsLn 16$312K
LiabilitiesLn 26$43K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$980K
Fees for servicesLn 2g$15K
Investment incomeLn 3$56
Total revenueLn 12$995K
Assets in detailPt X, end of year
CashLn 1$312K
Cash and savings togetherLn 1–2$312K
Total assetsLn 16$312K
LiabilitiesLn 26$43K
Net assetsLn 32$269K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$703K$312K
Total assetsLn 16$703K$312K
LiabilitiesLn 26$20K$43K
Net assetsLn 32$683K$269K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$195K$195K
Pay of current officers, directors and key staffLn 5$262K$262K
Other salaries and wagesLn 7$518K$518K
Pension plan contributionsLn 8$50K$50K
Other employee benefitsLn 9$53K$53K
Payroll taxesLn 10$53K$53K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$137K$92K$45K
Office expensesLn 13$4K$1K$2K
Information technologyLn 14$63K$63K
OccupancyLn 16$2K$2K
TravelLn 17$27K$27K
Other expenses (24a–d)Ln 24$13K$5K$6K$2K
Total functional expensesLn 25$1.4M$1.3M$151K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest 990 PDF
FY2023 Viewing $995K$1.4M−$414K$269K 990 PDF
FY2022 $1.1M$1.0M$58K$683K 990 PDF
FY2021 Not on file
FY2020 $1.3M$2.0M−$716K$816K 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 (4 parts)
Part VIII · Statement of revenue $995,217 across 5 lines filed
VIII-1f All other contributions, gifts and grants$980,011
VIII-1h Total contributions, gifts and grants$980,011
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,150$15,150
VIII-3 Investment incomeExcluded from tax $56$56
VIII-12 Total revenueRelated to mission $15,150 · Unrelated business $0 · Excluded from tax $56$995,217
Part IX · Statement of functional expenses $1,409,318 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $195,000$195,000
IX-5 Pay of current officers, directors and key staffPrograms $261,999$261,999
IX-7 Other salaries and wagesPrograms $518,000$518,000
IX-8 Pension plan contributionsPrograms $49,602$49,602
IX-9 Other employee benefitsPrograms $53,311$53,311
IX-10 Payroll taxesPrograms $53,081$53,081
IX-11b Legal feesManagement $14,464$14,464
IX-11c Accounting feesManagement $17,150$17,150
IX-11g Other fees for servicesPrograms $91,542 · Management $45,239$136,781
IX-13 Office expensesPrograms $1,254 · Management $2,399$3,653
IX-14 Information technologyManagement $63,489$63,489
IX-16 OccupancyManagement $2,334$2,334
IX-17 TravelPrograms $27,055$27,055
IX-24 Other expenses (24a–d)Programs $5,401 · Management $5,645 · Fundraising $2,353$13,399
IX-25 Total functional expensesPrograms $1,256,245 · Management $150,720 · Fundraising $2,353$1,409,318
Part X · Balance sheet $312,129 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $702,801$312,129
X-16 Total assetsStart of year $702,801$312,129
X-17 Accounts payable and accrued expensesStart of year $19,681$43,110
X-26 Total liabilitiesStart of year $19,681$43,110
X-27 Net assets without donor restrictionsStart of year −$414,662−$347,430
X-28 Net assets with donor restrictionsStart of year $1,097,782$616,449
X-32 Total net assets or fund balancesStart of year $683,120$269,019
X-33 Total liabilities and net assetsStart of year $702,801$312,129
Part XI · Reconciliation of net assets $269,019 net assets at year end
XI-1 Total revenue$995,217
XI-2 Total expenses$1,409,318
XI-3 Revenue less expenses−$414,101
XI-4 Net assets at start of year$683,120
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$269,019

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

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