Equable Institute

Organization Overview

Equable Institute is located in Queens, NY. The organization was established in 2018. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Equable Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equable Institute 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, Equable Institute generated $893.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Equable Institute has awarded 13 individual grants totaling $1,353,539. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EQUABLE IS A NON-PROFIT ORGANIZATION THAT EDUCATES AND INFORMS EMPLOYEES, RETIREES, AND OTHER STAKEHOLDERS ABOUT HOW TO CREATE REAL RETIREMENT PLAN SUSTAINABILITY AND ACCOUNTABILITY WITHOUT SACRIFICING FUTURE INCOME SECURITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EQUABLE HELPED PUBLIC SECTOR RETIREMENT SYSTEM STAKEHOLDERS IN MULTIPLE STATES BETTER UNDERSTAND EXISTING SUSTAINABILITY CHALLENGES IN THEIR STATE BY CONDUCTING HISTORIC ANALYSIS, DEVELOPING ACADEMIC RESEARCH, AND PROVIDING TECHNICAL ASSISTANCE RELATED TO FORECASTING THE FUTURE PERFORMANCE OF PLAN FUNDING AND CONTRIBUTION RATES. IN ADDITION, EQUABLE HELPED PUBLIC SECTOR RETIREMENT SYSTEM STAKEHOLDERS WITH ESTIMATING AND MEASURING THE EFFECTS THAT VARIOUS CHANGES WOULD HAVE TO IMPROVING LONG-TERM SUSTAINABILITY, SOLVENCY, AND RETIREMENT SECURITY OF THOSE SYSTEMS, INCLUDING POTENTIAL FISCAL EFFECTS OF THE COVID-19 PANDEMIC. EQUABLE ALSO EXPANDED ITS FREE EDUCATIONAL SERVICE FOR PUBLIC SCHOOL EMPLOYEES TO BETTER UNDERSTAND HOW THEIR RETIREMENT BENEFITS WORK TO HELP IMPROVE FINANCIAL LITERACY AND EMPOWER EDUCATORS TO ENSURE THEIR RETIREMENT PLANS ARE SUSTAINABLE.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony M Randazzo
Executive Director
$206,334
Lois Scott
Treasurer
$0
Pete Constant
Secretary
$0
Josh Mcgee
Chairman
$0
Richard Ravitch
Director
$0
Dan Liljenquist
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $83,332
All other contributions, gifts, grants, and similar amounts not included above$806,418
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$889,750
Total Program Service Revenue$0
Investment income $268
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 $893,018

Grants Awarded

Over the last fiscal year, Equable Institute has awarded $670,126 in support to 5 organizations.

Grant RecipientAmount

THE REASON FOUNDATION

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: For Reason's project to advance its technical assistance work to support reform efforts in six states.

$520,000

BELLWETHER EDUCATION PARTNERS

Org PageRecipient Profile

Sudbury, MA

PURPOSE: Grant 001 - To support Bellwether's teacher benefit modeling and technical assistance work as part of the state-specific teams working to achieve retirement system sustainability and affordability, and the capacity for retirement systems to support income security. Grant 007 - To support Bellwether's work in the first of two phases of work on teacher pensions, culminating in a partnership with U.S. News & World Report to create a magazine-style ranking of state-run teacher retirement systems.

$64,728

ARIZONA STATE UNIVERSITY

PURPOSE: For the development of a multimedia platform to engage retirement system stakeholders in a collaborative problem solving process.

$48,217

NEW YORK UNIVERSITY

Org PageRecipient Profile

New York, NY

PURPOSE: To support NYU's project which will analyze cost and risks of the New York City Teachers' Retirement Sustem under current policies and under potential alternative policies.

$22,181

GEORGETOWN UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: To develop research related to the effects of public sector unfunded liabilities on compensation of public school employees.

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Equable Institute has recieved totaling $800,000.

Awarding OrganizationAmount
Walton Family Foundation Inc

Bentonville, AR

PURPOSE: INCREASE AWARENESS OF AND SUPPORT FOR IMPROVING TEACHER PENSION SYSTEMS.

$700,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$100,000
View Grant Recipient Profile

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