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Equiticity EIN 85-3668073

Equiticity

EIN  85-3668073 Public charity (501(c)(3)) Chicago, IL Founded 2020 1 follower
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Size
<$100K
What they do
Improves lives of Black, Brown, and Indigenous people through research, advocacy, and community programs.
Leadership
Nimotalai Azeez · Treasurer
Money in and out
$14K revenue, $125K expenses
Bottom line
61% program efficiency

Improves lives of Black, Brown, and Indigenous people through research, advocacy, and community programs. For fiscal year 2025 it reported $14K in revenue, $125K in expenses, and $559K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.29 Fundraising $0.10
Program efficiency
61%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate▲ +430% vs prior filing year
Surplus margin
-802%
revenue over expenses, this year▼ -21337% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$14K
FY2025▼ -99%
Expenses
$125K
FY2025▼ -90%
Total assets
$573K
FY2025▼ -29%
Total liabilities
$14K
FY2025▼ -90%
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$573K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $76K of program spending, described in the organization's own filed words · FY2025.
01

Equiticity served on the team of a USDOT Thriving Communities Program cohort serving 20 rural and indigenous communities across the US. In partnership with Main Street America, Equiticity contributed to the development of a toolkit to help leaders and stakeholders across various government levels to deliver transformative investments.

$76Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquiticity
EINHdr · item D85-3668073
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jequiticity.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Enjoli Dixon
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Ben Schulman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bryan Echols
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Bonita Scarlett-Logan’s $105K as Director of Development is at the 96th percentile of top reported officer pay among 144 <$100K 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Olatunji Oboi Reed—$126,555$10,077
Bonita Scarlett-Logan$105,359——

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

Part VIII
Contributions & grants100%$14K
Investment income$2
Total revenueLn 12$14K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.29 Fundraising $0.10
Program services61%$76K
Management & general29%$36K
Fundraising10%$13K
Total functional expensesLn 25$125K

Balance Sheet

Part X · end of year
CashLn 1$110K
Total assetsLn 16$573K
Total liabilitiesLn 26$14K
Total net assetsLn 32$559K
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $110K · Operating expenses/yr $125K
10.6 months
Where the money goes
Program services
Program services $76K · Total expenses $125K
61%
Management & General
Management & general $36K · Total expenses $125K
29%
Fundraising
Fundraising $13K · Total expenses $125K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $105K · Solicited contributions (3-yr avg) $712K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $14K · Total revenue $14K
100%
Government reliance
Government grants — · Total revenue $14K
—
Earned-income share
Program service revenue $0 · Total revenue $14K
0%
Investment reliance
Investment income $2 · Total revenue $14K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $125K
0%
Growth & trend
Revenue growth (YoY)
This year $14K · Prior year $1.3M
-99%
Net-asset trend (YoY)
End of year $559K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $14K · Expenses $125K
-802%
Liabilities-to-Assets
Total liabilities — · Total assets $573K
—
Net-asset ratio
Net assets $559K · Total assets $573K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $573K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nimotalai Azeez · Reported title Treasurer · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $51K · Total expenses $125K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%——
Overhead ratio 29%——
Fundraising cost ratio 92%——
Revenue growth -99%——

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 · FY2025
Center for Neighborhood TechnologyFY2025$14K
Total grants receivedfrom 1 funder$14K
Grants paid · 1 grant · $10K · 2022–2022
University of Illinois FoundationIL · FY2022$9,600

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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$1.3M revenue · ⤓ 990 PDF
FY2024$964K revenue · ⤓ 990 PDF
FY2023$2.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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