Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
12 people listed on the 990; $10K paid to officers and key staff.
Phillip Yates’s $4K as President and CEO is at the 2nd percentile of top reported officer pay among 2168 $100K–1M human services 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.
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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 15aYes
Programs and updates
Empowers entrepreneurs from under-capitalized communities with financial literacy, training, and resources for economic growth.
Questions for Equiliberty Community Impact Foundation
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In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity.
In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity.
This initiative aligns with the Foundation's broader focus on youth development and workforce preparation. In 2025, the organization also began launching its Youth Entrepreneurship and Workforce Development (YEW) initiative, including a pilot program in Alief Independent School District.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $0 | $123K |
| Total assetsLn 16 | $0 | $123K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $0 | $123K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $66K | $66K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $10K | $0 | $10K | |
| Pay of disqualified personsLn 6 | $0 | $0 | ||
| Other salaries and wagesLn 7 | $0 | $0 | ||
| Pension plan contributionsLn 8 | $0 | $0 | ||
| Other employee benefitsLn 9 | $0 | $0 | ||
| Payroll taxesLn 10 | $0 | $0 | ||
| Management feesLn 11a | $0 | $0 | ||
| Legal feesLn 11b | $0 | $0 | ||
| Accounting feesLn 11c | $0 | $0 | ||
| Lobbying feesLn 11d | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | ||
| Other fees for servicesLn 11g | $44K | $44K | ||
| Advertising and promotionLn 12 | $15K | $15K | ||
| Office expensesLn 13 | $4K | $4K | ||
| Information technologyLn 14 | $4K | $4K | ||
| OccupancyLn 16 | $12K | $12K | ||
| TravelLn 17 | $0 | $0 | ||
| Travel and entertainment for public officialsLn 18 | $0 | $0 | ||
| Conferences, conventions and meetingsLn 19 | $43K | $43K | ||
| InterestLn 20 | $0 | $0 | ||
| Payments to affiliatesLn 21 | $0 | $0 | ||
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | ||
| InsuranceLn 23 | $750 | $750 | ||
| Total functional expensesLn 25 | $199K | $188K | $10K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $322K | $199K | $123K | $123K | 990 PDF |
| FY2024 | $65K | −$2K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $322,053 revenue, 12 lines filed
Part VI · Governance 1 to look at
Part VIII · Statement of revenue $322,053 across 9 lines filed
Part IX · Statement of functional expenses $198,887 across 27 lines filed
Part X · Balance sheet $123,166 assets, 8 lines filed
Part XI · Reconciliation of net assets $123,166 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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