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Erace the Hate

Tax-deductible

Miami, FL501(c)(3)Arts & Culture EIN 82-5254643Revenue $265K in FY2023Latest return filed Jun 26, 2024

On file with the IRSeracethehate.comMiami, FLTax-exempt since Jun 2024Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
27.5 mo
of spending, in cash
27.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$291
0.09% of total assets
Liabilities are 0.09% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$265K
+88% vs prior year
Spent
$78K
To programs
80%
Net assets
$333K
By yearFY2022–FY2023
Revenue
$265K
FY2023▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2022$141K
FY2023$265K
Net assets
$333K
FY2023▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2022$203K
FY2023$333K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Jun 2024.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $62K Management & general 20% · $15K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Lyndon M Gray
President
$0Pt VII · Sec A
See Erace the Hate 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 15aYes

Programs and updates

Erace the Hate is an arts and culture nonprofit based in Miami, FL.

Questions for Erace the Hate

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1 program · $62K · in their own filed words · FY2023
01

The erace the hate mentorship program named artrepreneur, which pairs individuals with experienced professionals to provide guidance and support for personal and professional growth. In addition, this program empowers their leadership skills, mobilize communities, advocated for social justice, and promote unity.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5254643) · Dispute this line
$62Kprogram expense

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
Stupski FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$265K
Ln 12
Gifts and grantsLn 1h$265K
Money outPt IX
$78K
Ln 25
Programscol B$62K
Managementcol C$15K
Owns and owesPt X
$333K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$333K
LiabilitiesLn 26$291
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$265K
Total revenueLn 12$265K
Assets in detailPt X, end of year
CashLn 1$178K
Cash and savings togetherLn 1–2$178K
Accounts receivableLn 4$3K
Other assetsLn 15$152K
Total assetsLn 16$333K
LiabilitiesLn 26$291
Net assetsLn 32$333K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$152K$178K
Total assetsLn 16$203K$333K
LiabilitiesLn 26$1K$291
Net assetsLn 32$202K$333K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1K$1K
Other fees for servicesLn 11g$76K$62K$14K
Advertising and promotionLn 12$80$80
Office expensesLn 13$325$325
Total functional expensesLn 25$78K$62K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jun 26, 2024 $265K$78K$188K$333K 990 PDF
FY2022Filed with the IRS Jun 26, 2024 $141K$203K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $265,268 revenue, 12 lines filed
I-8 Contributions and grants$265,268
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $141,388$0
I-12 Total revenuePrior year $141,388$265,268
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$1,200
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $36,035$76,565
I-18 Total expensesPrior year $36,035$77,765
I-19 Revenue less expensesPrior year $105,353$187,503
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $265,268 across 3 lines filed
VIII-1f All other contributions, gifts and grants$265,268
VIII-1h Total contributions, gifts and grants$265,268
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$265,268
Part IX · Statement of functional expenses $77,765 across 4 lines filed
IX-7 Other salaries and wagesManagement $1,200$1,200
IX-11g Other fees for servicesPrograms $62,365 · Management $13,795$76,160
IX-12 Advertising and promotionManagement $80$80
IX-13 Office expensesManagement $325$325
IX-25 Total functional expensesPrograms $62,365 · Management $15,400 · Fundraising $0$77,765
Part X · Balance sheet $333,340 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $152,016$178,370
X-4 Accounts receivableStart of year $30,895$2,824
X-15 Other assetsStart of year $20,110$152,146
X-16 Total assetsStart of year $203,021$333,340
X-17 Accounts payable and accrued expenses−$836
X-25 Other liabilitiesStart of year $1,245$1,127
X-26 Total liabilitiesStart of year $1,245$291
X-31 Retained earnings or endowmentStart of year $201,776$333,049
X-32 Total net assets or fund balancesStart of year $201,776$333,049
X-33 Total liabilities and net assetsStart of year $203,021$333,340
Part XI · Reconciliation of net assets $333,049 net assets at year end
XI-1 Total revenue$265,268
XI-2 Total expenses$77,765
XI-3 Revenue less expenses$187,503
XI-4 Net assets at start of year$201,776
XI-8 Prior period adjustments−$56,230
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$333,049

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

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