philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Equitech Futures Foundation

Tax-deductible

Chicago, IL501(c)(3)Since 2019Education EIN 83-3485342Revenue $162K in FY2025Latest return filed Aug 18, 2026

On file with the IRSequitechfutures.comChicago, ILTax-exempt since Jul 2023Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

To promote scientific and technological progress throughout the world through research, training, and strategic engagement, particularly focusing on underserved communities.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3485342) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $4K a year · 0.9% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1K
7% of total assets
Liabilities are 7% 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
$162K
-73% vs prior year
Spent
$419K
To programs
100%
Net assets
$19K
By yearFY2022–FY2025
Revenue
$162K
FY2025▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2022$250K
FY2023$566K
FY2024$609K
FY2025$162K
Expenses
$419K
FY2025▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2022$238K
FY2023$319K
FY2024$597K
FY2025$419K
Net assets
$19K
FY2025▼ -93%
Tap a bar for its year
Net assets by fiscal year
FY2022$17K
FY2023$264K
FY2024$276K
FY2025$19K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Follow Claim

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $419K

Form 990 Part IX, line 25. 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
Kevin Xu
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Equitech Futures Foundation 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 15aNo

Programs and updates

Advances global science and technology through research, training, and engagement, especially for underserved communities.

Questions for Equitech Futures Foundation

Tap to ask. Equitech Futures Foundation sees how many people are interested.

Your first name shows with your question. Equitech Futures Foundation answers here, for everyone.

1 program · $419K · in their own filed words · FY2025
01

Select and train highly motivated undergraduates and graduates to practice emerging skills in data science and artificial intelligence. Offer scholarship support for upskilling coursework and collaborative projects.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3485342) · Dispute this line
$419Kprogram expense

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 · FY2024
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 4 grants · $1.4M · 2022–2025
Equitech Educational Scholarship ProgramFY2025$403,100
Equitech Educational Scholarship ProgramFY2024$438,900
Equitech Educational Scholarship ProgramFY2023$304,000
Equitech Educational Scholarship ProgramFY2022$233,550

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$160K
Investment incomeLn 3$2K
Money outPt IX
$419K
Ln 25
Programscol B$419K
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$21K
LiabilitiesLn 26$1K
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$160K
Investment incomeLn 3$2K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$19K
Other assetsLn 15$1K
Total assetsLn 16$21K
LiabilitiesLn 26$1K
Net assetsLn 32$19K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$276K$19K
Total assetsLn 16$276K$21K
LiabilitiesLn 26$0$1K
Net assetsLn 32$276K$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$403K$403K
Office expensesLn 13$237$237
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$419K$419K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 18, 2026 $162K$419K−$257K$19K 990 PDF
FY2024Filed with the IRS May 30, 2025 $609K$597K$12K$276K 990 PDF
FY2023Filed with the IRS Sep 30, 2024 $566K$319K$247K$264K 990 PDF
FY2022Filed with the IRS Sep 27, 2023 $250K$238K$12K$17K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $162,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $604,954$160,171
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,540$1,937
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $609,494$162,108
I-13 Grants and similar amounts paidPrior year $438,900$403,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $158,442$15,893
I-18 Total expensesPrior year $597,342$418,993
I-19 Revenue less expensesPrior year $12,152−$256,885
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $162,108 across 4 lines filed
VIII-1f All other contributions, gifts and grants$160,171
VIII-1h Total contributions, gifts and grants$160,171
VIII-3 Investment incomeExcluded from tax $1,937$1,937
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,937$162,108
Part IX · Statement of functional expenses $418,993 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $403,100$403,100
IX-13 Office expensesPrograms $237$237
IX-24 Other expenses (24a–d)Programs $15,656$15,656
IX-25 Total functional expensesPrograms $418,993 · Management $0 · Fundraising $0$418,993
Part X · Balance sheet $20,630 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $9,125$4,990
X-2 Savings and temporary cash investmentsStart of year $266,898$14,148
X-15 Other assetsStart of year $0$1,492
X-16 Total assetsStart of year $276,023$20,630
X-25 Other liabilitiesStart of year $0$1,492
X-26 Total liabilitiesStart of year $0$1,492
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $276,023$19,138
X-32 Total net assets or fund balancesStart of year $276,023$19,138
X-33 Total liabilities and net assetsStart of year $276,023$20,630
Part XI · Reconciliation of net assets $19,138 net assets at year end
XI-1 Total revenue$162,108
XI-2 Total expenses$418,993
XI-3 Revenue less expenses−$256,885
XI-4 Net assets at start of year$276,023
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,138

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.