Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
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
10 people listed on the 990; $200K paid to officers and key staff.
Angela Romans’s $200K as Executive Director is at the 98th percentile of top reported officer pay among 1613 $100K–1M education 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Angela Romans | $200,000 | $200,000 | $200,000 | $64,697 |
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
Connects education and workforce leaders nationwide to drive progress.
Questions for Innovation for Equity INC
Your first name shows with your question. Innovation for Equity INC answers here, for everyone.
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Innovation for equity (ife) convenes and supports inspiring leaders from across the education and workforce sector who are united in their commitment to disrupt the status quo and improve outcomes for black learners of all ages.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $246K | $290K |
| Total assetsLn 16 | $477K | $362K |
| LiabilitiesLn 26 | $99K | $277K |
| Net assetsLn 32 | $377K | $85K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $216K | $90K | $42K | $84K |
| Other salaries and wagesLn 7 | $102K | $96K | $5K | $1K |
| Pension plan contributionsLn 8 | $2K | $1K | $324 | $582 |
| Other employee benefitsLn 9 | $7K | $4K | $1K | $2K |
| Payroll taxesLn 10 | $22K | $13K | $3K | $6K |
| Accounting feesLn 11c | $63K | $63K | ||
| Other fees for servicesLn 11g | $211K | $137K | $56K | $18K |
| Office expensesLn 13 | $9K | $3K | $2K | $4K |
| Information technologyLn 14 | $18K | $10K | $3K | $5K |
| OccupancyLn 16 | $23K | $21K | $2K | |
| TravelLn 17 | $154K | $154K | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $7K | $580 | $6K | $270 |
| Total functional expensesLn 25 | $843K | $530K | $192K | $120K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $550K | $843K | −$292K | $85K | 990 PDF |
| FY2023 | $677K | $971K | −$294K | $377K | 990 PDF |
| FY2022 | $366K | $745K | −$379K | $672K | 990 PDF |
| FY2021 | $1.1M | $87K | $1.1M | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $550,412 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $550,412 across 5 lines filed
Part IX · Statement of functional expenses $842,792 across 13 lines filed
Part X · Balance sheet $361,824 assets, 13 lines filed
Part XI · Reconciliation of net assets $85,073 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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