Equity Now
- Assets
- $28.2m
- Revenue
- $336.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Lanham, MD
- Founding
- 08/2018
- Data as of
- 06/2020
- EIN
- 82-2008232
Organization Overview
Equity Now, operating under the name Legends Charter School, is located in Lanham, MD. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2020, Legends Charter School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legends Charter School 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 06/2020, Legends Charter School generated $336.7k in total revenue. All expenses for the organization totaled $721.6k during the year ending 06/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EQUITY NOW FOUNDED LEGENDS CHARTER SCHOOL ON THE BELIEF THAT ALL STUDENTS CAN LEARN AND DESERVE THE OPPORTUNITY TO RECEIVE HIGH-QUALITY EDUCATION, REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. EQUITY NOW WORKS TO PROVIDE ANY AND ALL RESOURCES THAT FACILITATE STUDENT SUCCESS IN THE CLASSROOM AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUITY NOW IS COMMITTED TO PRINCE GEORGES COUNTY, THE RESIDENTS, AND THE STUDENTS, AND DESIRES TO STRENGTHEN THE RELATIONSHIP WITH THE COMMUNITY BY OFFERING AN ACADEMIC CHOICE THAT IS RIGOROUS AND INTEGRAL TO THE GROWTH OF OUR EDUCATIONAL LANDSCAPE. EQUITY NOW AIMS TO PROVIDE EDUCATION TO DISRUPT THE CURRENT PATTERNS OF DISCRIMINATION, MARGINALIZATION, AND UNDERREPRESENTATION AS CIVIC LEADERS.
EQUITY NOW IS COMMITTED TO PRINCE GEORGES COUNTY, THE RESIDENTS, AND THE STUDENTS, AND DESIRES TO STRENGTHEN THE RELATIONSHIP WITH THE COMMUNITY BY OFFERING AN ACADEMIC CHOICE THAT IS RIGOROUS AND INTEGRAL TO THE GROWTH OF OUR EDUCATIONAL LANDSCAPE. EQUITY NOW AIMS TO PROVIDE EDUCATION TO DISRUPT THE CURRENT PATTERNS OF DISCRIMINATION, MARGINALIZATION, AND UNDERREPRESENTATION AS CIVIC LEADERS.
EQUITY NOW IS COMMITTED TO PRINCE GEORGES COUNTY, THE RESIDENTS, AND THE STUDENTS, AND DESIRES TO STRENGTHEN THE RELATIONSHIP WITH THE COMMUNITY BY OFFERING AN ACADEMIC CHOICE THAT IS RIGOROUS AND INTEGRAL TO THE GROWTH OF OUR EDUCATIONAL LANDSCAPE. EQUITY NOW AIMS TO PROVIDE EDUCATION TO DISRUPT THE CURRENT PATTERNS OF DISCRIMINATION, MARGINALIZATION, AND UNDERREPRESENTATION AS CIVIC LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shomari James CEO | OfficerTrustee | 40 | $0 |
Aminah Williams Dir Of Human | OfficerTrustee | 40 | $0 |
Antoine Williams Dir. Of Oper | OfficerTrustee | 40 | $0 |
Charlotte Butler Member | Trustee | 1 | $0 |
Richard Gibbs Member | Trustee | 1 | $0 |
Jermand Hagan Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,021 |
| Total Program Service Revenue | $0 |
| Investment income | $9,719 |
| 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 | $336,740 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,594 |
| Fees for services: Accounting | $8,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,749 |
| Advertising and promotion | $0 |
| Office expenses | $23,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $518,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,766 |
| Insurance | $13,471 |
| All other expenses | $0 |
| Total functional expenses | $721,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,313 |
| 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 | $8,386,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,649,721 |
| Total assets | $28,248,477 |
| Accounts payable and accrued expenses | $3,537,915 |
| Grants payable | $0 |
| Deferred revenue | $30,119 |
| Tax-exempt bond liabilities | $24,326,400 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $756,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,650,862 |
| Net assets without donor restrictions | -$402,385 |
| 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 | $28,248,477 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Equity Now has recieved totaling $32,690.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $32,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
D C Preparatory Academy Washington, DC | $90,604,234 | $48,510,869 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
Center City Public Charter Schools Washington, DC | $21,995,309 | $37,320,653 |
District Of Columbia International School Washington, DC | $84,723,985 | $38,898,239 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Monarch Academy Public Charter School Inc Baltimore, MD | $13,752,531 | $31,847,617 |
Lehigh Valley Academy Charter School Bethlehem, PA | $96,198,987 | $32,574,812 |
First Philadelphia Preparatory Charter School Philadelphia, PA | $56,045,316 | $34,220,830 |
Euphemia L Haynes Public Charter School Inc Washington, DC | $46,520,853 | $31,794,568 |
Esperanza Academy Charter School Philadelphia, PA | $8,238,215 | $31,395,314 |