Equity Arc EIN 85-2618740

Equity Arc FY2023 filing

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Develops equitable opportunities for aspiring classical musicians from underrepresented ethnicities. For fiscal year 2023 it reported $647K in revenue, $296K in expenses, and $462K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Cincinnati, OH
Website
www.niman.org
Filings
4 on file (2022–2023)
Revenue
$647KFY2023
Expenses
$296K
Net assets
$462K
People
18
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2618740 Public charity (501(c)(3)) Cincinnati, OH
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Develops equitable opportunities for aspiring classical musicians from underrepresented ethnicities.
Leadership
Stanford Thompson · Exec Dir 5/1/23, Chair to 4/30/23
Money in and out
$647K revenue, $296K expenses
Bottom line
29% program efficiency
Where the money goes · FY2023
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$462K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $352K
Where spending went · Part IX cols B–D
Program services $0.29 Management & general $0.69 Fundraising $0.02
Program efficiency
29%
of spending reaches programs
Operating runway
18.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+54%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$647K
FY2023▲ +201%
Expenses
$296K
FY2023▲ +131%
Total assets
$463K
FY2023▲ +288%
Total liabilities
$1K
FY2023▼ -87%
Total revenue
$647K
Pt VIII · Ln 12
Total expenses
$296K
Pt IX · Ln 25
Net assets
$462K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$352K
Total assetsPt X · Ln 16$463K
Program-expense ratioPt IX · col B29%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $81K of program spending, described in the organization's own filed words · FY2022.
01

National Pathways Festival and Convening

The equity arc national pathways festival and convening brought 40 precollege fellows from 11 pathways programs across the country to cincinnati for a multiday musical experience that included mock auditions with collegiate faculty, rehearsals led by aik khai pung and kevin john edusei, and a culminating side-by-side performance of brian…

$40Kprogram expense
02

Member Services

Increasing and improving the services provided to members was a strategic priority for this past season. Key projects included launching a virtual event series for members, refining our organizational identity, and investing in a robust website to create more online resources and engagement opportunities for members.

$33Kprogram expense
03

National Collective for Musical Pathways

In fall of 2022, equity arc launched the national collective for musical pathways, an alliance of rigorous precollege music training programs committed to removing barriers and accelerating the progress of bipoc musicians. This was a culmination of roundtable conversations at the 2022 youth in music festival and summit in chicago.

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquity Arc
EINHdr · item D85-2618740
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jwww.niman.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Exec Dir 5/1/23, Chair to 4/30/23
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Equity Arc executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$628K · 97%
Program service revenue$20K · 3%
Contributions & grants97%$628K
Program service revenue3%$20K
Other revenue$360
Total revenueLn 12$647K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.29 Management & general $0.69 Fundraising $0.02
Program services29%$86K
Management & general69%$203K
Fundraising2%$7K
Total functional expensesLn 25$296K

Balance Sheet

Part X · end of year
CashLn 1$461K
Total assetsLn 16$463K
Total liabilitiesLn 26$1K
Total net assetsLn 32$462K
Months of cash on handcomputed18.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $461K · Operating expenses/yr $296K
18.7 months
Where the money goes
Program services
Program services $86K · Total expenses $296K
29%
Management & General
Management & general $203K · Total expenses $296K
69%
Fundraising
Fundraising $7K · Total expenses $296K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $3K · Solicited contributions (2-yr avg) $421K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $628K · Total revenue $647K
97%
Government reliance
Government grants — · Total revenue $647K
Earned-income share
Program service revenue $20K · Total revenue $647K
3%
Investment reliance
Investment income $0 · Total revenue $647K
0%
Program self-sufficiency
Program service revenue $20K · Total expenses $296K
7%
Growth & trend
Revenue growth (YoY)
This year $647K · Prior year $215K
+201%
Net-asset trend (YoY)
End of year $462K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $647K · Expenses $296K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $463K
Net-asset ratio
Net assets $462K · Total assets $463K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $463K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stanford Thompson · Reported title EXEC DIR 5/1/23, CHAIR TO 4/30/23 · Highest reported compensation $0 · Total expenses $296K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $170K · Total expenses $296K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 29%
Overhead ratio 69%
Fundraising cost ratio 1%
Revenue growth 201%
Legal fee ratio 3%
Accounting fee ratio 0.9%

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

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $63K · 2024–2024
Unitemized GrantFY2024$63,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.8M revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$647K revenue · viewing · ⤓ 990 PDF
FY2022$215K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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