Information Equity Initiative INC

Tax-deductible

Boulder, CO501(c)(3)EducationEIN 87-2840729Revenue $1.1M in FY2024

On file with the IRSinformationequity.org3300 Arapahoe Ave Ste 217, 80303-1044 · Boulder, COTax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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

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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
2 of 3
filings with a surplus
Average surplus $131K a year · 14% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$306K
to officers and key staff · 33% of spending
Top officer’s pay higher than 71% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $438K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+23% vs prior year
Spent
$940K
To programs
78%
Net assets
$176K
By yearFY2022–FY2024
Revenue
$1.1M
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2022$800K
FY2023$864K
FY2024$1.1M
Expenses
$940K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2022$522K
FY2023$868K
FY2024$940K
Net assets
$176K
FY2024▲ +213%
Tap a bar for its year
Net assets by fiscal year
FY2022$59K
FY2023$56K
FY2024$176K

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

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Is it real?

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

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $735K Management & general 15% · $142K Fundraising 7% · $63K

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

5 people listed on the 990; $306K paid to officers and key staff.

Part VII, Section A · reportable compensation
$162,547Pt VII · Sec A
$143,621Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Erik Langner’s $163K as CEO is at the 71st percentile of top reported officer pay among 3395 $1–10M 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

NameFY2024FY2023
Naiara Azpiri$143,621$167,486
Erik Langner$162,547—

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Provides free, high-quality digital learning materials for all.

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Provided by the organization

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1 program · $735K · in their own filed words · FY2024
01

To bridge the digital divide quickly and affordably, iei has developed an innovative solution based on datacasting. This allows the delivery of large digital files to anyone who can receive a television broadcast signal. As a result, even people and facilities without reliable internet can access up-to-date, trusted learning resources.

$735Kprogram 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
Total grants receivedfrom 3 funders$438K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$597K
Gifts and grantsLn 1h$438K
Investment incomeLn 3$24K
Money outPt IX
$940K
Ln 25
Programscol B$735K
Managementcol C$142K
Fundraisingcol D$63K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$588K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$438K
Fees for servicesLn 2g$597K
Investment incomeLn 3$24K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$479K
Cash and savings togetherLn 1–2$588K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$656K$588K
Total assetsLn 16$1.0M$1.5M
LiabilitiesLn 26$945K$1.3M
Net assetsLn 32$56K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$298K$208K$59K$32K
Pension plan contributionsLn 8$6K$6K
Payroll taxesLn 10$13K$8K$2K$2K
Management feesLn 11a$150K$150K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$207K$138K$39K$29K
Office expensesLn 13$7K$2K$5K
Information technologyLn 14$197K$197K$174
TravelLn 17$6K$5K$630
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$3K$25$3K
Total functional expensesLn 25$940K$735K$142K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$940K$120K$176K 990 PDF
FY2023 $864K$868K−$3K$56K 990 PDF
FY2022 $800K$522K$278K$59K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,059,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $746,493$437,500
I-9 Program service revenuePrior year $115,070$597,445
I-10 Investment incomePrior year $2,689$24,306
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $864,252$1,059,251
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $474,372$316,870
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $393,190$622,658
I-18 Total expensesPrior year $867,562$939,528
I-19 Revenue less expensesPrior year −$3,310$119,723
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,059,251 across 5 lines filed
VIII-1f All other contributions, gifts and grants$437,500
VIII-1h Total contributions, gifts and grants$437,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $597,445$597,445
VIII-3 Investment incomeExcluded from tax $24,306$24,306
VIII-12 Total revenueRelated to mission $597,445 · Unrelated business $0 · Excluded from tax $24,306$1,059,251
Part IX · Statement of functional expenses $939,528 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $207,728 · Management $58,800 · Fundraising $31,719$298,247
IX-8 Pension plan contributionsPrograms $6,000$6,000
IX-10 Payroll taxesPrograms $8,488 · Management $2,363 · Fundraising $1,772$12,623
IX-11a Management feesPrograms $150,000$150,000
IX-11c Accounting feesManagement $29,747$29,747
IX-11g Other fees for servicesPrograms $138,207 · Management $39,299 · Fundraising $29,294$206,800
IX-13 Office expensesPrograms $1,850 · Management $5,186$7,036
IX-14 Information technologyPrograms $197,130 · Management $174$197,304
IX-17 TravelPrograms $5,494 · Management $630$6,124
IX-22 Depreciation, depletion and amortizationPrograms $20,220$20,220
IX-23 InsuranceManagement $2,422$2,422
IX-24 Other expenses (24a–d)Programs $25 · Management $2,980$3,005
IX-25 Total functional expensesPrograms $735,142 · Management $141,601 · Fundraising $62,785$939,528
Part X · Balance sheet $1,453,496 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $35,000$108,695
X-2 Savings and temporary cash investmentsStart of year $620,704$479,305
X-4 Accounts receivableStart of year $3,050$566,387
X-9 Prepaid expenses and deferred chargesStart of year $51,097$28,139
X-14 Intangible assetsStart of year $291,190$270,970
X-16 Total assetsStart of year $1,001,041$1,453,496
X-17 Accounts payable and accrued expensesStart of year $19,010$14,499
X-19 Deferred revenueStart of year $56,250$228,787
X-26 Total liabilitiesStart of year $944,867$1,277,599
X-27 Net assets without donor restrictionsStart of year −$163,742$175,897
X-28 Net assets with donor restrictionsStart of year $219,916$0
X-32 Total net assets or fund balancesStart of year $56,174$175,897
X-33 Total liabilities and net assetsStart of year $1,001,041$1,453,496
Part XI · Reconciliation of net assets $175,897 net assets at year end
XI-1 Total revenue$1,059,251
XI-2 Total expenses$939,528
XI-3 Revenue less expenses$119,723
XI-4 Net assets at start of year$56,174
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$175,897

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

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