Equation Collaborative Corp FY2023 filing

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Equation Collaborative works to equalize opportunities for a healthy and dignified life.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 4
filings with a surplus
Average surplus $10K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $508K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+122% vs prior year
Spent
$1.1M
To programs
67%
Net assets
$325K
By yearFY2021–FY2024
Revenue
$1.3M
FY2023▲ +122%
Tap a bar for its year
Revenue by fiscal year
FY2021$950K
FY2022$578K
FY2023$1.3M
FY2024$1.2M
Expenses
$1.1M
FY2023▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2021$625K
FY2022$793K
FY2023$1.1M
FY2024$1.4M
Net assets
$325K
FY2023▲ +101%
Tap a bar for its year
Net assets by fiscal year
FY2021$375K
FY2022$162K
FY2023$325K
FY2024$88K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $750K Management & general 19% · $213K Fundraising 14% · $157K

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

6 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$148,612Pt VII · Sec A
Board President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Wesley Burt’s $148K as Executive Director is at the 81st percentile of top reported officer pay among 818 $1–10M food & agriculture 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

NameFY2024FY2023FY2022FY2021
Wesley Burt$147,860$148,612$174,999$178,642

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 Equation Collaborative Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes equal opportunities for healthy, dignified lives.

Questions for Equation Collaborative Corp

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1 program · $750K · in their own filed words · FY2023
01

Equation collaborative, through our +box food and nutrition program, distributed 24,630 boxes with 275,667 pounds of fresh, healthy food, enough for approximately 655,149 meals, to food insecure families who don't have enough to meet their basic nutritional needs.

$750Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$1K
Money outPt IX
$1.1M
Ln 25
Programscol B$750K
Managementcol C$213K
Fundraisingcol D$157K
Owns and owesPt X
$325K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$327K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$165K
Noncash giftsLn 1g$344K
Other incomeLn 4–11$1K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Accounts receivableLn 4$186K
Land, buildings, equipmentLn 10c$29K
Total assetsLn 16$327K
LiabilitiesLn 26$2K
Net assetsLn 32$325K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$344K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$126K$112K
Land, buildings, equipmentLn 10c$36K$29K
Total assetsLn 16$168K$327K
LiabilitiesLn 26$7K$2K
Net assetsLn 32$162K$325K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$344K$344K
Pay of current officers, directors and key staffLn 5$150K$38K$38K$75K
Other salaries and wagesLn 7$124K$31K$31K$62K
Other employee benefitsLn 9$21K$5K$5K$10K
Payroll taxesLn 10$106K$106K
Legal feesLn 11b$12K$12K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$31K$31K
Information technologyLn 14$180K$180K
OccupancyLn 16$45K$45K
TravelLn 17$2K$1K$1K
Travel and entertainment for public officialsLn 18$713$713
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$69K$69K
All other expensesLn 24e$2K$439$1K
Total functional expensesLn 25$1.1M$750K$213K$157K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 19, 2025 $1.2M$1.4M−$237K$88K 990 PDF
FY2023 ViewingFiled with the IRS May 9, 2024 $1.3M$1.1M$165K$325K 990 PDF
FY2022Filed with the IRS Apr 13, 2023 $578K$793K−$215K$162K 990 PDF
FY2021Filed with the IRS Mar 30, 2022 $950K$625K$325K$375K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,284,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $577,952$1,283,525
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$1,200
I-12 Total revenuePrior year $577,952$1,284,725
I-13 Grants and similar amounts paidPrior year $301,858$343,723
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $243,863$401,046
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $247,270$375,035
I-18 Total expensesPrior year $792,991$1,119,804
I-19 Revenue less expensesPrior year −$215,039$164,921
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,284,725 across 6 lines filed
VIII-1e Government grants$164,899
VIII-1f All other contributions, gifts and grants$1,118,626
VIII-1g Noncash contributions (included above)$343,723
VIII-1h Total contributions, gifts and grants$1,283,525
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,200$1,200
VIII-12 Total revenueRelated to mission $1,200 · Unrelated business $0 · Excluded from tax $0$1,284,725
Part IX · Statement of functional expenses $1,119,804 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $343,723$343,723
IX-5 Pay of current officers, directors and key staffPrograms $37,514 · Management $37,514 · Fundraising $75,027$150,055
IX-7 Other salaries and wagesPrograms $31,021 · Management $31,021 · Fundraising $62,043$124,085
IX-9 Other employee benefitsPrograms $5,207 · Management $5,207 · Fundraising $10,415$20,829
IX-10 Payroll taxesManagement $106,077$106,077
IX-11b Legal feesManagement $12,148$12,148
IX-12 Advertising and promotionFundraising $9,324$9,324
IX-13 Office expensesPrograms $31,434$31,434
IX-14 Information technologyPrograms $180,257$180,257
IX-16 OccupancyPrograms $44,627$44,627
IX-17 TravelPrograms $1,206 · Management $1,205$2,411
IX-18 Travel and entertainment for public officialsPrograms $713$713
IX-22 Depreciation, depletion and amortizationPrograms $5,150$5,150
IX-23 InsuranceManagement $18,178$18,178
IX-24 Other expenses (24a–d)Programs $68,962$68,962
IX-24e All other expensesPrograms $439 · Management $1,392$1,831
IX-25 Total functional expensesPrograms $750,253 · Management $212,742 · Fundraising $156,809$1,119,804
Part X · Balance sheet $326,763 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $126,284$112,031
X-4 Accounts receivableStart of year $6,365$186,000
X-10c Land, buildings and equipment, netStart of year $35,598$28,732
X-16 Total assetsStart of year $168,247$326,763
X-17 Accounts payable and accrued expensesStart of year $2,000$1,852
X-25 Other liabilitiesStart of year $4,520$0
X-26 Total liabilitiesStart of year $6,520$1,852
X-27 Net assets without donor restrictionsStart of year $161,727$324,911
X-32 Total net assets or fund balancesStart of year $161,727$324,911
X-33 Total liabilities and net assetsStart of year $168,247$326,763
Part XI · Reconciliation of net assets $324,911 net assets at year end
XI-1 Total revenue$1,284,725
XI-2 Total expenses$1,119,804
XI-3 Revenue less expenses$164,921
XI-4 Net assets at start of year$161,727
XI-9 Other changes in net assets−$1,737
XI-10 Net assets at end of year$324,911

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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