Equis Institute is a hub for leaders in the latino community who want to foster a better connection between latinx communities and the democratic process. To convene partners around innovative research and ideas and provide capacity building and training opportunities for national, state, and local leaders.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 3
filings with a surplus
Average deficit $627K a year · 5% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$278K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $375K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$12.4M
-18% vs prior year
Spent
$16.1M
To programs
79%
Net assets
$7.4M
By yearFY2022–FY2024
Revenue
$12.4M
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2022$10.6M
FY2023$15.0M
FY2024$12.4M
Expenses
$16.1M
FY2024▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2022$11.1M
FY2023$12.6M
FY2024$16.1M
Net assets
$7.4M
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2022$8.0M
FY2023$10.4M
FY2024$7.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $12.7M Management & general 19% · $3.0M Fundraising 2% · $361K

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

7 people listed on the 990; $278K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (see Sch. O)
$129,593Pt VII · Sec A
Board Member (see Sch. O)
$121,758Pt VII · Sec A
Chairperson (see Sch. O)
$26,518Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Stephanie Valencia’s $130K as Executive Director (see Sch. O) is at the 5th percentile of top reported officer pay among 749 $10–100M arts & culture 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Stephanie Valencia$129,593$161,922—
Carlos Odio$121,758$150,445—
Dan Restrepo$26,518$25,603$8,631

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 Equis Institute executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects Latino leaders with the democratic process through research, ideas, and training.

Questions for Equis Institute

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Provided by the organization

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3 programs · $9.5M · in their own filed words · FY2024
01

Researchequis institute provides latino-serving groups with actionable research to help strengthen their programs and outreach efforts. In 2024, the research team polled 24,666 individuals across multiple key states, with targeted oversampling in critical swing states to ensure accuracy and depth of insights.

$4.3Mprogram expense
02

Youtube projectthe youtube initiative leads the charge in culturally relevant, engaging content creation that helps latinos make sense of the world, politics, and current events to inoculate latino voters against harmful narratives and misinformation, and to build confidence and trust in our democratic institutions.

$2.9Mprogram expense
03

Cultural mobilizationthrough the cultural mobilization project, equis partnered with dozens of state, local, and national organizations to organize a larger cultural moment of latino pride around the film, flamin' hot. We filled 29 screenings nationwide, generating 151 million combined tiktok and instagram impressions.

$2.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
New Profit INCFY2025$375K
Total grants receivedfrom 1 funder$375K
Grants paid · 25 grants · $5.0M · 2022–2024
North Main Street FundNH · FY2024$670,000
Priorities USA FoundationDC · FY2024$250,000
Poderistas Community FundCA · FY2024$50,000
Includus FundVA · FY2024$40,000
Dolores C Huerta FoundationCA · FY2024$35,000
Valley VoicesCA · FY2024$35,000
Semilla ProjectNM · FY2024$35,000
Make the Road States INCNY · FY2024$35,000
Harness CommunityCA · FY2023$50,000
Cafe AccionNM · FY2022$1,130,000
Civic Empowerment CoalitionCA · FY2022$630,680
Central Valley Workers CenterCA · FY2022$400,000
Community Alliance of FresnoCA · FY2022$343,714
See all 25 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.4M
Ln 12
Gifts and grantsLn 1h$12.3M
Investment incomeLn 3$73K
Other incomeLn 4–11$5K
Money outPt IX
$16.1M
Ln 25
Programscol B$12.7M
Managementcol C$3.0M
Fundraisingcol D$361K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$8.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.3M
Noncash giftsLn 1g$745K
Investment incomeLn 3$73K
Other incomeLn 4–11$5K
Total revenueLn 12$12.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$6.4M
Other assetsLn 15$9K
Total assetsLn 16$8.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.5M$6.4M
Total assetsLn 16$12.1M$8.6M
LiabilitiesLn 26$1.7M$1.1M
Net assetsLn 32$10.4M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$295K$157K$76K$62K
Other salaries and wagesLn 7$4.4M$2.9M$1.3M$199K
Other employee benefitsLn 9$798K$469K$282K$46K
Payroll taxesLn 10$392K$255K$116K$22K
Legal feesLn 11b$154K$41K$114K
Accounting feesLn 11c$77K$21K$57K
Other fees for servicesLn 11g$4.1M$3.3M$825K$875
Advertising and promotionLn 12$2.4M$2.4M$17K$627
Office expensesLn 13$48K$21K$28K$93
Information technologyLn 14$428K$279K$147K$2K
OccupancyLn 16$2K$416$1K
TravelLn 17$621K$555K$42K$24K
Conferences, conventions and meetingsLn 19$84K$72K$12K$357
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$751K$727K$21K$3K
All other expensesLn 24e$15K$8K$7K$618
Total functional expensesLn 25$16.1M$12.7M$3.0M$361K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $12.4M$16.1M−$3.8M$7.4M 990 PDF
FY2023 $15.0M$12.6M$2.4M$10.4M 990 PDF
FY2022 $10.6M$11.1M−$503K$8.0M 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $12,353,631 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,985,850$12,276,023
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,736$72,776
I-11 Other revenuePrior year $5,500$4,832
I-12 Total revenuePrior year $15,001,086$12,353,631
I-13 Grants and similar amounts paidPrior year $50,000$1,580,636
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,823,695$5,842,420
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,728,437$8,706,142
I-18 Total expensesPrior year $12,602,132$16,129,198
I-19 Revenue less expensesPrior year $2,398,954−$3,775,567
Part VI · Governance 4 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $12,353,631 across 6 lines filed
VIII-1f All other contributions, gifts and grants$12,276,023
VIII-1g Noncash contributions (included above)$744,758
VIII-1h Total contributions, gifts and grants$12,276,023
VIII-3 Investment incomeExcluded from tax $72,776$72,776
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,832$4,832
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $77,608$12,353,631
Part IX · Statement of functional expenses $16,129,198 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,580,636$1,580,636
IX-5 Pay of current officers, directors and key staffPrograms $157,273 · Management $75,671 · Fundraising $62,247$295,191
IX-7 Other salaries and wagesPrograms $2,857,051 · Management $1,301,293 · Fundraising $198,748$4,357,092
IX-9 Other employee benefitsPrograms $469,212 · Management $282,172 · Fundraising $46,360$797,744
IX-10 Payroll taxesPrograms $254,871 · Management $115,953 · Fundraising $21,569$392,393
IX-11b Legal feesPrograms $40,518 · Management $113,766$154,284
IX-11c Accounting feesPrograms $20,592 · Management $56,648$77,240
IX-11g Other fees for servicesPrograms $3,313,345 · Management $825,052 · Fundraising $875$4,139,272
IX-12 Advertising and promotionPrograms $2,364,239 · Management $17,426 · Fundraising $627$2,382,292
IX-13 Office expensesPrograms $20,865 · Management $27,535 · Fundraising $93$48,493
IX-14 Information technologyPrograms $278,687 · Management $147,156 · Fundraising $2,222$428,065
IX-16 OccupancyPrograms $416 · Management $1,175$1,591
IX-17 TravelPrograms $554,651 · Management $42,382 · Fundraising $24,333$621,366
IX-19 Conferences, conventions and meetingsPrograms $71,651 · Management $12,396 · Fundraising $357$84,404
IX-23 InsurancePrograms $3,372$3,372
IX-24 Other expenses (24a–d)Programs $726,926 · Management $20,961 · Fundraising $2,869$750,756
IX-24e All other expensesPrograms $7,505 · Management $6,884 · Fundraising $618$15,007
IX-25 Total functional expensesPrograms $12,721,810 · Management $3,046,470 · Fundraising $360,918$16,129,198
Part X · Balance sheet $8,570,720 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,517,270$1,319,476
X-2 Savings and temporary cash investmentsStart of year $5,009,736$5,082,512
X-3 Pledges and grants receivableStart of year $1,519,094$2,138,000
X-9 Prepaid expenses and deferred charges$21,257
X-15 Other assetsStart of year $0$9,475
X-16 Total assetsStart of year $12,051,100$8,570,720
X-17 Accounts payable and accrued expensesStart of year $249,097$640,477
X-25 Other liabilitiesStart of year $1,427,586$502,334
X-26 Total liabilitiesStart of year $1,676,683$1,142,811
X-27 Net assets without donor restrictionsStart of year $8,855,323$6,629,012
X-28 Net assets with donor restrictionsStart of year $1,519,094$798,897
X-32 Total net assets or fund balancesStart of year $10,374,417$7,427,909
X-33 Total liabilities and net assetsStart of year $12,051,100$8,570,720
Part XI · Reconciliation of net assets $7,427,909 net assets at year end
XI-1 Total revenue$12,353,631
XI-2 Total expenses$16,129,198
XI-3 Revenue less expenses−$3,775,567
XI-4 Net assets at start of year$10,374,417
XI-8 Prior period adjustments$829,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,427,909

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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