Equity And Transformation
- Assets
- $5.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- Data as of
- 07/2023
- EIN
- 83-4701430
Organization Overview
Equity And Transformation is located in Chicago, IL. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 07/2023, Equity And Transformation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity And Transformation 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 07/2023, Equity And Transformation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $1.5m during the year ending 07/2023. 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 AND TRANSFORMATION EAT IS A NON-PROFIT COMMUNITY-LED ORGANIZATION FOUNDED BY AND FOR POST-INCARCERATED PEOPLE. EAT WAS ESTABLISHED IN 2018 WITH THE MISSION TO UPLIFT THE VOICES AND POWER OF BLACK CHICAGOANS ENGAGED IN THE INFORMAL ECONOMY: THE DIVERSIFIED SET OF ECONOMIC ACTIVITIES ENTERPRISES JOBS AND WORKERS THAT ARE NOT REGULATED OR PROTECTED BY THE STATE. WE HAVE CONTINUOUSLY WITNESSED SYSTEM-IMPACTED INDIVIDUALS FACE SIGNIFICANT BARRIERS IN THEIR EVERYDAY LIVES; THEY ARE SHUT OUT OF THE WORKFORCE FORCED INTO INFORMALITY AND CRIMINALIZED FOR SURVIVING. THESE SYSTEMIC INEQUALITIES OFTEN LEAD TO EXTREME POVERTY AND ADDITIONAL PERIODS OF INCARCERATION. EAT IS COMMITTED TO BUILDING SOCIAL AND ECONOMIC EQUITY FOR INFORMAL WORKERS AND DISMANTLING ANTI-BLACK RACISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUARANTEED INCOME PROGRAM THAT BENEFITS 100 SYSTEM-IMPACTED CHICAGOANS ON THE WEST AND SOUTH SIDES. WE MONITOR: RECIDIVISM INCOME VOLATILITY PHYSICAL FUNCTIONING AND PSYCHOLOGICAL WELL-BEING.
POSITION BLACK INFORMAL WORKERS TO CREATE SHAPE AND SET AGENDA; STRENGTHEN INFORMAL WORKER POWER IN WAYS THAT ARE BOTH MEASURABLE AND MEANINGFUL; POSITION INFORMAL WORKERS TO EFFECTIVELY HOLD POWER THAT SHIFTS SOCIAL AND ECONOMIC EQUITY IN FAVOR OF BLACK INFORMAL WORKERS.
GENERAL PROGRAMMING EAT WORKS WITHIN THE INFORMAL ECONOMY TO DEVELOP COMMUNITY LED POLICIES THAT TRANSFORM PUBLIC PERCEPTION DECRIMINALIZE PARTICIPATION REMOVE BARRIERS TO EMPLOYMENT AND BUILD EQUITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Doris Green President | Officer | 0.5 | $0 |
Richard Wallace Executive Director | Officer | 45 | $119,333 |
Samantha Wallace Secretary | Officer | 0.25 | $0 |
Christopher Rudd Director | Trustee | 0.25 | $0 |
Ife Williams Director | Trustee | 0.25 | $0 |
Barbara Ransby Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,535,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,535,119 |
| 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 | $3,535,119 |
| 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. | $121,832 |
| Compensation of current officers, directors, key employees. | $12,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,989 |
| Payroll taxes | $51,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,624 |
| Advertising and promotion | $20,713 |
| Office expenses | $24,215 |
| Information technology | $28,446 |
| Royalties | $0 |
| Occupancy | $32,695 |
| Travel | $61,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,707 |
| All other expenses | $28,047 |
| Total functional expenses | $1,468,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,010,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $937,652 |
| Accounts receivable, net | $10,146 |
| 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 | $24,168 |
| 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 | $4,982,907 |
| Accounts payable and accrued expenses | $7,574 |
| 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 | $7,574 |
| Net assets without donor restrictions | $3,274,082 |
| Net assets with donor restrictions | $1,701,251 |
| 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 | $4,982,907 |