Equislabs FY2022 filing

Washington, DCUnknown exempt organizationEIN 83-3634824Revenue $8.6M in FY2022

On file with the IRSequislabs.usPo Box 15691 · Washington, DC

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At equis labs, we are creating a home for ideas, innovation, and leadership development that has the potential to massively increase latino electoral engagement and build long-term political power.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · 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
2 of 5
filings with a surplus
Average surplus $2.1M a year · 30% 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $5.9M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$165K
3% of total assets
Looks good: liabilities are 3% 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
$8.6M
+24% vs prior year
Spent
$8.7M
To programs
88%
Net assets
$5.7M
By yearFY2020–FY2024
Revenue
$8.6M
FY2022▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$7.0M
FY2022$8.6M
FY2023$14.1M
FY2024$2.5M
Expenses
$8.7M
FY2022▲ +618%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.2M
FY2022$8.7M
FY2023$2.7M
FY2024$9.3M
Net assets
$5.7M
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$81K
FY2021$5.8M
FY2022$5.7M
FY2023$17.1M
FY2024$11.8M

From the FY2022 Form 990 · see the original

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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

88 cents of each dollar spent went to programs.

Program services 88% · $7.6M Management & general 12% · $1.1M

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Executive Director/CFO
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Stephanie Valencia$101,060$38,280

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 Equislabs 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 15aNo

Programs and updates

Develops leaders and ideas to boost Latino electoral engagement and political power.

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Provided by the organization

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3 programs · $7.6M · in their own filed words · FY2022
01

Lapizthrough the latino political innovation zones (lapiz), equislabs worked with partner groups on the ground in california and new mexico to run a non-partisan gotv program combined with a messaging program aimed at low turnout latino voters, in an effort to dramatically increase latino voter engagement and turnout in swing electoral…

$6.0Mprogram expense
02

RESEARCH/ANALYSISEQUISLABS engaged in research on pressing demographic, political, and policy questions, in order to provide actionable data to latino-serving groups and help develop the tools to implement that research in partners' primary purpose and political programming aimed at latinos.

$1.4Mprogram expense
03

Disinformation program equislabs monitored disinformation circulating in the online environment and its effects on latinos, including how latinos interact with and combat political disinformation and misinformation. Nearly 40% of the posts equis flagged, are no longer active on social platforms.

$319Kprogram 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
Tides AdvocacyFY2024$100K
Total grants receivedfrom 5 funders$5.9M
See all 5 funders →
Grants paid · 14 grants · $1.6M · 2020–2024
Priorities USADC · FY2024$140,000
Energize NMFY2024$121,000
Priorities USADC · FY2023$32,500
Forward Action FundNH · FY2023$25,000
Florida Rising INCFL · FY2023$9,000
Loud for TomorrowFY2023$6,000
Central Valley Workers CenterCA · FY2022$400,000
Community Alliance of FresnoCA · FY2022$225,000
Cafe AccionNM · FY2022$178,000
Civic Empowerment CoalitionCA · FY2022$164,000
Priorities USADC · FY2022$70,000
Momsrising TogetherWA · FY2022$17,500
United We Dream ActionDC · FY2022$17,500
Miami Freedom Project INCFL · FY2020$160,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8.6M
Ln 12
Gifts and grantsLn 1h$8.6M
Other incomeLn 4–11$60K
Money outPt IX
$8.7M
Ln 25
Programscol B$7.6M
Managementcol C$1.1M
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$5.9M
LiabilitiesLn 26$165K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Other incomeLn 4–11$60K
Total revenueLn 12$8.6M
Assets in detailPt X, end of year
CashLn 1$5.9M
Cash and savings togetherLn 1–2$5.9M
Other assetsLn 15$0
Total assetsLn 16$5.9M
LiabilitiesLn 26$165K
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
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 FY22End FY22
Cash and savingsLn 1–2$5.8M$5.9M
Total assetsLn 16$5.9M$5.9M
LiabilitiesLn 26$53K$165K
Net assetsLn 32$5.8M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Other salaries and wagesLn 7$743K$594K$149K
Other employee benefitsLn 9$70K$56K$14K
Payroll taxesLn 10$121K$97K$24K
Management feesLn 11a$200K$160K$40K
Legal feesLn 11b$153K$122K$31K
Accounting feesLn 11c$12K$9K$2K
Lobbying feesLn 11d$1.5M$1.5M
Other fees for servicesLn 11g$3.2M$2.5M$637K
Advertising and promotionLn 12$28K$23K$6K
Office expensesLn 13$53K$42K$11K
Information technologyLn 14$91K$73K$18K
OccupancyLn 16$758$606$152
TravelLn 17$39K$31K$8K
Conferences, conventions and meetingsLn 19$10K$8K$2K
InterestLn 20$234$187$47
InsuranceLn 23$57$46$11
Other expenses (24a–d)Ln 24$1.4M$1.3M$126K
All other expensesLn 24e$14K$11K$3K
Total functional expensesLn 25$8.7M$7.6M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$9.3M−$6.7M$11.8M 990 PDF
FY2023 $14.1M$2.7M$11.4M$17.1M 990 PDF
FY2022 Viewing $8.6M$8.7M−$82K$5.7M 990 PDF
FY2021 $7.0M$1.2M$5.7M$5.8M 990 PDF
FY2020 $1.8M$1.9M−$98K$81K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $8,632,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,798,750$8,572,183
I-9 Program service revenuePrior year $160,000$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$60,000
I-12 Total revenuePrior year $6,958,750$8,632,183
I-13 Grants and similar amounts paidPrior year $0$1,072,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $282,279$933,749
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $930,686$6,708,353
I-18 Total expensesPrior year $1,212,965$8,714,102
I-19 Revenue less expensesPrior year $5,745,785−$81,919
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-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 $8,632,183 across 4 lines filed
VIII-1f All other contributions, gifts and grants$8,572,183
VIII-1h Total contributions, gifts and grants$8,572,183
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $60,000$60,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $60,000$8,632,183
Part IX · Statement of functional expenses $8,714,102 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,072,000$1,072,000
IX-7 Other salaries and wagesPrograms $594,354 · Management $148,588$742,942
IX-9 Other employee benefitsPrograms $56,116 · Management $14,029$70,145
IX-10 Payroll taxesPrograms $96,530 · Management $24,132$120,662
IX-11a Management feesPrograms $160,000 · Management $40,000$200,000
IX-11b Legal feesPrograms $122,176 · Management $30,544$152,720
IX-11c Accounting feesPrograms $9,210 · Management $2,303$11,513
IX-11d Lobbying feesPrograms $1,548,549$1,548,549
IX-11g Other fees for servicesPrograms $2,546,375 · Management $636,594$3,182,969
IX-12 Advertising and promotionPrograms $22,631 · Management $5,658$28,289
IX-13 Office expensesPrograms $42,006 · Management $10,501$52,507
IX-14 Information technologyPrograms $72,688 · Management $18,172$90,860
IX-16 OccupancyPrograms $606 · Management $152$758
IX-17 TravelPrograms $30,807 · Management $7,701$38,508
IX-19 Conferences, conventions and meetingsPrograms $8,231 · Management $2,058$10,289
IX-20 InterestPrograms $187 · Management $47$234
IX-23 InsurancePrograms $46 · Management $11$57
IX-24 Other expenses (24a–d)Programs $1,250,308 · Management $126,441$1,376,749
IX-24e All other expensesPrograms $11,480 · Management $2,871$14,351
IX-25 Total functional expensesPrograms $7,644,300 · Management $1,069,802 · Fundraising $0$8,714,102
Part X · Balance sheet $5,910,294 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $5,826,647$5,910,294
X-15 Other assetsStart of year $43,801$0
X-16 Total assetsStart of year $5,879,682$5,910,294
X-17 Accounts payable and accrued expensesStart of year $52,639$28,090
X-25 Other liabilitiesStart of year $0$137,080
X-26 Total liabilitiesStart of year $52,639$165,170
X-27 Net assets without donor restrictionsStart of year $5,827,043$5,745,124
X-32 Total net assets or fund balancesStart of year $5,827,043$5,745,124
X-33 Total liabilities and net assetsStart of year $5,879,682$5,910,294
Part XI · Reconciliation of net assets $5,745,124 net assets at year end
XI-1 Total revenue$8,632,183
XI-2 Total expenses$8,714,102
XI-3 Revenue less expenses−$81,919
XI-4 Net assets at start of year$5,827,043
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,745,124

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

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