The Equity Institute
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Providence, RI
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 83-4472785
Organization Overview
The Equity Institute is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Equity Institute employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity 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 12/2023, Equity Institute generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. 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
EQUITY INSTITUTE IS AN EDUCATION-BASED NONPROFIT ORGANIZATION THAT PARTNERS WITH SCHOOLS AND COMMUNITIES TO DEVELOP EQUITABLE AND SUSTAINABLE LEARNING ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATOR PATHWAY PROGRAM - IN PARTNERSHIP WITH COLLEGE UNBOUND, EQUITY INSTITUTE EXECUTED THE TA TO BA PROGRAM WITH TEACHER ASSISTANTS AND SCHOOL SUPPORT PROFESSIONALS IN RHODE ISLAND AND PHILADELPHIA, PA. OUR EDUCATOR PATHWAY PROGRAM HELPS NON-CERTIFIED SCHOOL-BASED PROFESSIONALS AND YOUTH WORKERS EARN THE NECESSARY DEGREES AND CREDENTIALS TO BECOME CERTIFIED CLASSROOM-BASED EDUCATORS.
EQUITY LEARNING LABS - EQUITY INSTITUTE FACILITATEED LEARNING EXPERIENCES TO EXPLORE AND DEVELOP AN UNDERSTANDING OF EDUCATIONAL EQUITY AND ANTI-RACISM AND HOW IT SUPPORTS THE ACADEMIC AND SOCIAL DEVELOPMENT OF ALL LEARNERS. OUR TRAINING SESSIONS ARE CONTAINERS FOR SELF-REFLECTION AND THE INTERPERSONAL EXCHANGE NECESSARY TO BUILD BRIDGES TOWARDS SYSTEMS CHANGE. EACH SESSION IS DESIGNED TO HELP PARTICIPANTS GAIN FOUNDATIONAL KNOWLEDGE AND DEVELOP STRATEGIES TO DESIGN CHANGE.
RE-GENERATION - RE-GENERATION IS A PEOPLE-CENTERED INITIATIVE FOCUSED ON EDUCATION THAT WORKS AT THE INTERSECTION OF ALL FIELDS TO UNITE, SUPPORT, AND EMPOWER PEOPLE FROM HISTORICALLY UNDERSERVED COMMUNITIES. RE*GENERATION'S CORE PROGRAMMING CONSISTS OF MONTHLY MEETUPS DURING THE SCHOOL YEAR THAT FOCUS ON GROWING MEMBERS' PROFESSIONAL NETWORKS; DEVELOPING THEIR CAPACITY TO ADVOCATE FOR EDUCATIONAL EQUITY; AND HELPING THEM UNDERSTAND THEIR LEADERSHIP POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Vigil Executive Director | OfficerTrustee | 40 | $162,263 |
Carlon Howard Secretary/chief Impact Off | OfficerTrustee | 40 | $139,263 |
Christina Turner Chair | OfficerTrustee | 1 | $0 |
Ashlie Grilz Vice-Chair | OfficerTrustee | 1 | $0 |
Douglas Johnson Treasurer | OfficerTrustee | 1 | $0 |
Dorien Toku Agyapon Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $856,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,011,900 |
| Total Program Service Revenue | $322,308 |
| Investment income | $7,961 |
| 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 | $1,397,959 |
| 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. | $340,334 |
| Compensation of current officers, directors, key employees. | $102,100 |
| Compensation to disqualified persons | $13,997 |
| Other salaries and wages | $621,316 |
| Pension plan accruals and contributions | $11,407 |
| Other employee benefits | $58,624 |
| Payroll taxes | $75,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,077 |
| Fees for services: Accounting | $32,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,051 |
| Advertising and promotion | $0 |
| Office expenses | $67,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,337 |
| Interest | $117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,276 |
| Insurance | $6,664 |
| All other expenses | $0 |
| Total functional expenses | $1,592,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,998 |
| Savings and temporary cash investments | $513,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,202 |
| 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 | $15,079 |
| Net Land, buildings, and equipment | $6,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,356,530 |
| Accounts payable and accrued expenses | $41,427 |
| 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 | $41,427 |
| Net assets without donor restrictions | $1,035,103 |
| Net assets with donor restrictions | $280,000 |
| 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 | $1,356,530 |