Institute For Strategic And Equitable Development
- Assets
- $1.6m
- Revenue
- $850.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bennettsville, SC
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-5672323
Organization Overview
Institute For Strategic And Equitable Development is located in Bennettsville, SC. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Strategic And Equitable Development 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 12/2023, Institute For Strategic And Equitable Development generated $850.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $891.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE IMPACTFUL GRANT MAKING, INVESTMENTS AND ECONOMIC DEVELOPMENT IN COMMUNITIES OF COLOR THROUGH STRATEGIC PLANNING, EVALUATION, PROJECT MANAGEMENT AND TECHNICAL ASSISTANCE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISED CONTINUED ITS PRESIDENTS FORUM SERIES, WHICH FOCUSES SPECIFICALLY ON RACIAL EQUITY BY DEVELOPING PEER-TO-PEER SUPPORT AND LEARNING NETWORKS AMONG FOUNDATION LEADERS. THE INDEEP INITIATIVE ALSO CONTINUED TO SUPPORT ENVIRONMENTAL GRANTMAKERS IN CULTIVATING OPPORTUNITIES TO INCREASE FUNDING FOR ORGANIZATIONS LED BY PEOPLE OF COLOR, AS WELL AS TO STRENGTHEN GRANTEES ACROSS THE FIELD TO CREATE A MORE DIVERSE AND INCLUSIVE ENVIRONMENTAL MOVEMENT. ISED COMPLETED THE SECOND SEASON OF THE R.A.C.E. PODCAST, WHICH CENTERS ON A RANGE OF TOPICS ON EQUITY, POWER, CULTURE AND LEADERSHIP IN PHILANTHROPY. ISED ALSO SUPPORTED TWO GATHERINGS OF GRANTEES FOR THE OPEN FOR BUSINESS PROJECT, A NATIONAL SMALL BUSINESS RECOVERY EFFORT WITH A FOCUS ON RACIALLY AND ETHNICALLY DIVERSE SMALL BUSINESS OWNERS WHO HAVE BEEN DISPORTIONATELY AFFECTED BY THE PANDEMIC FUNDED BY WELLS FARGO BANK. THIS PROJECT SUPPORTED SUCH SMALL BUSINESSES TO REMAIN OPEN, MAINTAIN JOBS, AND PLAN FOR THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celia Naylor Board President | 20 | $60,000 | |
Deryck Ferrier Board Treasurer | 5 | $0 | |
Amanda Storey Board Vice President | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keecha Harris And Associates Program Management | 12/30/21 | $950,000 |
Ali Webb Strategies Program Services | 12/30/21 | $145,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $850,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $850,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $749,535 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,733 |
| Office expenses | $5,906 |
| Information technology | $9,691 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $260 |
| Total functional expenses | $891,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,565,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,565,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,565,302 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,565,302 |