Equifund Organization Inc
- Assets
- $768.6k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hollywood, FL
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 26-4432774
Organization Overview
Equifund Organization Inc is located in Hollywood, FL. The organization was established in 2010. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equifund Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Equifund Organization Inc generated $200.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $86.1k during the year ending 12/2022. While expenses have increased by 29.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Equifund Organization Inc has awarded 26 individual grants totaling $222,875. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EQUIFUND ORGANIZATION IS TO PROVIDE INTEREST FREE LOANS TO INDIVIDUALS AND SMALL BUSINESSES WITH THE PURPOSE OF ASSISSTING IN DEVELOPMENT AND EXPANSION OF NEW AND EXISTING SMALL BUSINESSES. SAID ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIFUND ORGANIZATION IS TO PROVIDE INTEREST FREE LOANS TO INDIVDUALS AND SMALL BUSINESSES WITH THE PURPOSE OF ASSISTING IN DEVELOPMENT AND EXPANSION OF NEW AND EXISTING SMALL BUSINESSES.SAID ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Press President | 2 | $0 | |
Ron Tovbin Director | 0 | $0 | |
Elke Press Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $550 |
| Contributions, gifts, grants paid | $85,575 |
| Total expenses and disbursements | $86,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,010 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $25,580 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $768,590 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Equifund Organization Inc has awarded $85,575 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF BIRCAS CH PURPOSE: CHARITY | $10,200 |
SHOXOR YOSHUV PURPOSE: CHARITY | $10,000 |
EZRIEL BEZALEL BEN YEHONASAN PURPOSE: CHARITY | $10,000 |
BRESLOV RESEARCH INSTITUTE PURPOSE: CHARITY | $10,000 |
KOLLEL INTERNATIONAL PURPOSE: CHARITY | $8,000 |
KEREN HACHESED MIAMI PURPOSE: CHARITY | $5,000 |