Requity Foundation INC
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Develops skills, real-world experience, and career paths for equitable employment and thriving futures. For fiscal year 2024 it reported $1.1M in revenue, $699K in expenses, and $769K in net assets.Pt I
Summary of the Filing
Where the work happens
Business
Business students run requity's fully operational social enterprise, the print & press shop, where students manage real client orders for branded apparel and signage, handling everything from cost analysis and order tracking to fulfillment and vendor coordination.
Construction
Our construction program augments existing vocational education with an interdisciplinary, energy-efficient building construction curriculum, designed to bridge the gap between classroom theory and real-world practical experiences through the research, design, renovation, and ultimately ownership transfer.
Community
The requity foundation is dedicated to empowering students at carver vocational-technical high school and residents of the surrounding rosemont community by providing meaningful opportunities.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Rosenband’s $23K as Executive Director is at the 2nd percentile of top reported officer pay among 2834 $1–10M community development 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 | FY2022 |
|---|---|---|
| Michael Rosenband | $22,692 | $25,001 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 73% | — | — |
| Overhead ratio | 17% | — | — |
| Fundraising cost ratio | 6% | — | — |
| Revenue growth | 385% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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