Equity Group Foundation International
- Assets
- $3.1k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5606457
Organization Overview
Equity Group Foundation International is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity Group Foundation International 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 12/2021, Equity Group Foundation International generated $50.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $113.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING PARTNERSHIPS AND RAISING FUNDS TO SUPPORT EDUCATION, IN PARTICULAR, THE WINGS TO FLY COMPETITIVE SECONDARY SCHOOL SCHOLARSHIP PROGRAM. EQUITY GROUP FOUNDATION INTERNATIONAL (EGFI) BELIEVES THAT PROVIDING ACCESS TO EDUCATION IS VITAL IF AFRICA'S YOUNG PEOPLE ARE TO BREAK ONCE ENTRENCHED CYCLES OF POVERTY AND CHANGE THE ECONOMIC COURSE OF THEIR COMMUNITIES, COUNTRIES, AND THE CONTINENT. SINCE 2010, WINGS TO FLY HAS HELPED OVER 16,168 BRIGHT YOUNG PEOPLE FROM DESPERATELY POOR BACKGROUNDS REACH HIGH SCHOOL, WITH OVER 90% OF SCHOLARS GRADUATING ON TIME. SCHOLARS ARE CHOSEN FROM EVERY COUNTY IN KENYA; 86% ARE ORPHANED BY ONE OR BOTH PARENTS; AND WELL OVER HALF ARE GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Hendricks CFO (left April 2021) | 40 | $74,000 | |
Moshin Y Meghji President/vp/secr/treas | 16 | $0 | |
Leslie Hansen Legal Officer | 1 | $0 | |
Dr Kaveh Alizadeh Head Of Health & Strategy | 1 | $0 | |
Caroline Elkins Head Of Edu & Entrepreneurship | 1 | $0 | |
Zain Verjee Head Of Comm. & Strategy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| 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 | $50,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,510 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,149 |
| Total operating and administrative expenses | $113,786 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $113,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,127 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $3,127 |
| 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 | $20,833 |
| Total liabilities | $20,833 |
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