Enterprise for Equity FY2021 filing

Tax-deductible

Olympia, WA501(c)(3)EIN 91-2011247Revenue $289K in FY2021

On file with the IRS5035 Harrison Ave Nw, 98502-5083 · Olympia, WATax-exempt since Apr 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Help people with limited income and others start small businesses, they are considered a microenterprise development organization

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$137K 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

FY2021 · 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
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $107K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $55K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$144K
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$289K
Spent
$309K
To programs
74%
Net assets
$2K
By yearFY2021–FY2025
Revenue
$289K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$289K
FY2022$384K
FY2023$451K
FY2024$573K
FY2025$652K
Expenses
$309K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$309K
FY2022$0
FY2023$333K
FY2024$540K
FY2025$633K
Net assets
$2K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2K
FY2022$0
FY2023$135K
FY2024$165K
FY2025$183K

From the FY2021 Form 990 (year ending August 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of September 2026). Latest filing on record: FY2025. IRS ruling in Apr 2000.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $228K Management & general 26% · $81K

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

9 people listed on the 990; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Training Director
$44,673Pt VII · Sec A
Executive Director
$38,841Pt VII · Sec A
Administrative Lead
$20,249Pt VII · Sec A
Business Trainer
$18,728Pt VII · Sec A
Business Trainer
$14,705Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2023FY2022FY2021
Beth Henriquez——$44,673
Beth$42,565——
Lisa Smith——$38,841
Kiana Diaz——$20,249
Elizabeth Jameson——$18,728
Emily Hearn——$14,705
Lisa—$9,879—

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 15aNo

Programs and updates

Helps low-income individuals and others launch small businesses.

Provided by the organization

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1 program · $228K · in their own filed words · FY2020
01

Help people with limited income and others start small businesses, they are considered a microenterprise development organization

$228Kprogram 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$55K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$289K
Ln 12
Gifts and grantsLn 1h$264K
Fees for servicesLn 2g$18K
Investment incomeLn 3$7K
Money outPt IX
$309K
Ln 25
Programscol B$228K
Managementcol C$81K
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$126K
Total assetsLn 16$146K
LiabilitiesLn 26$144K
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$264K
Fees for servicesLn 2g$18K
Investment incomeLn 3$7K
Other incomeLn 4–11$183
Total revenueLn 12$289K
Assets in detailPt X, end of year
CashLn 1$126K
Cash and savings togetherLn 1–2$126K
Total assetsLn 16$146K
LiabilitiesLn 26$144K
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 59
VolunteersI 612
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$137K$126K
Total assetsLn 16$168K$146K
LiabilitiesLn 26$157K$144K
Net assetsLn 32$11K$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$92K$45K$0
Pay of disqualified personsLn 6$37K$37K$0$0
Payroll taxesLn 10$20K$15K$5K$0
Management feesLn 11a$4K$0$4K$0
Accounting feesLn 11c$5K$0$5K$0
Investment management feesLn 11f$33K$33K$0$0
Other fees for servicesLn 11g$9K$9K$0$0
Advertising and promotionLn 12$27K$25K$2K$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$215$0$215$0
TravelLn 17$169$169$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$2K$2K$0$0
InterestLn 20$3K$3K$0$0
Other expenses (24a–d)Ln 24$6K$100$5K$0
All other expensesLn 24e$25K$13K$12K$0
Total functional expensesLn 25$309K$228K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $652K$633K$18K$183K 990 PDF
FY2024 $573K$540K$33K$165K 990 PDF
FY2023 $451K$333K$118K$135K 990 PDF
FY2022 $384K$0$384K$0 990 PDF
FY2021 Viewing $289K$309K−$20K$2K 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 FY2021 990 (6 parts)
Part I · Summary $289,216 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,842$264,171
I-9 Program service revenuePrior year $13,419$18,248
I-10 Investment incomePrior year $13,503$6,614
I-11 Other revenue$183
I-12 Total revenuePrior year $306,764$289,216
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $158,447$193,711
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $162,216$115,128
I-18 Total expensesPrior year $320,663$308,839
I-19 Revenue less expensesPrior year −$13,899−$19,623
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $289,216 across 6 lines filed
VIII-1f All other contributions, gifts and grants$264,171
VIII-1h Total contributions, gifts and grants$264,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$18,248
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$6,614
VIII-6 Net rental income or lossRelated to mission $183$183
VIII-12 Total revenueRelated to mission $25,045 · Unrelated business $0 · Excluded from tax $0$289,216
Part IX · Statement of functional expenses $308,839 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,281 · Management $44,916 · Fundraising $0$137,197
IX-6 Pay of disqualified personsPrograms $36,817 · Management $0 · Fundraising $0$36,817
IX-10 Payroll taxesPrograms $14,616 · Management $5,081 · Fundraising $0$19,697
IX-11a Management feesPrograms $0 · Management $3,844 · Fundraising $0$3,844
IX-11c Accounting feesPrograms $0 · Management $5,325 · Fundraising $0$5,325
IX-11f Investment management feesPrograms $32,753 · Management $0 · Fundraising $0$32,753
IX-11g Other fees for servicesPrograms $9,035 · Management $0 · Fundraising $0$9,035
IX-12 Advertising and promotionPrograms $24,663 · Management $2,355 · Fundraising $0$27,018
IX-13 Office expensesPrograms $0 · Management $1,603 · Fundraising $0$1,603
IX-14 Information technologyPrograms $0 · Management $215 · Fundraising $0$215
IX-17 TravelPrograms $169 · Management $0 · Fundraising $0$169
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $1,797 · Management $0 · Fundraising $0$1,797
IX-20 InterestPrograms $2,586 · Management $0 · Fundraising $0$2,586
IX-24 Other expenses (24a–d)Programs $100 · Management $5,466 · Fundraising $0$5,566
IX-24e All other expensesPrograms $13,310 · Management $11,907 · Fundraising $0$25,217
IX-25 Total functional expensesPrograms $228,127 · Management $80,712 · Fundraising $0$308,839
Part X · Balance sheet $145,859 assets, 7 lines filed
Asset lines not itemized here account for $19,800; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $136,978$126,059
X-16 Total assetsStart of year $168,206$145,859
X-17 Accounts payable and accrued expensesStart of year $36,137$30,379
X-26 Total liabilitiesStart of year $157,022$143,869
X-27 Net assets without donor restrictionsStart of year $11,184$1,990
X-32 Total net assets or fund balancesStart of year $11,184$1,990
X-33 Total liabilities and net assetsStart of year $168,206$145,859
Part XI · Reconciliation of net assets $1,990 net assets at year end
XI-1 Total revenue$289,216
XI-2 Total expenses$308,839
XI-3 Revenue less expenses−$19,623
XI-4 Net assets at start of year$11,184
XI-10 Net assets at end of year$1,990

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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