Requity Foundation Inc
- Assets
- $405.4k
- Revenue
- $523.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Baltimore, MD
- Founding
- Data as of
- 12/2022
- EIN
- 84-5001046
Organization Overview
Requity Foundation Inc is located in Baltimore, MD. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Requity Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Requity Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD CHARACTER, COMMUNITY AND CAREERS BY CULTIVATING RELEVANT AND TRANSFERABLE INTERPERSONAL SKILLS, APPLYING CLASSROOM LESSONS TO REAL-WORLD EXPERIENCES, AND CREATING PATHWAYS TO EQUITABLE EMPLOYMENT AND THRIVING CAREERS FOR ALL OF OUR STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARVER HOUSE, REQUITYS SIGNATURE PROJECT, IS FOCUSED ON RENOVATING A VACANT ROWHOUSE WITH HIGH SCHOOL STUDENTS INTO AN AFFORDABLE NET-ZERO HOME. PARTNERING WITH NEIGHBORING CARVER VO-TECH HIGH SCHOOL, CARVER HOUSE ALIGNS PROJECT-BASED LEARNING WITH THE VOCATION CURRICULUM. BY APPLYING CLASSROOM LESSONS TO AUTHENTIC WORK, STUDENTS IN CARPENTRY, ELECTRICAL, MASONRY, INTERACTIVE MEDIA, BUSINESS, AND HVAC ARE TRAINED, EQUIPPED, AND EXPERIENCED FOR CONSTRUCTION JOBS AND CAREER PATHWAYS. OUR GOAL IS TO PRODUCE A SKILLED AND EMPLOYABLE CONSTRUCTION WORKFORCE TO SATISFY THE LABOR NEED IN BALTIMORE. THIS WORK IS ESSENTIAL BECAUSE DESPITE LEARNING CONSTRUCTION TRADES AND GRADUATING, BALTIMORE CITY HIGH SCHOOL STUDENTS FROM VOCATIONAL PROGRAMS EARN FAR BELOW NATIONAL AVERAGES.
REQUITY WAS AWARDED TWO BEAUTIFICATION GRANTS FROM THE UNITED WAY OF CENTRAL MARYLAND TO PROVIDE A VIBRANT NEIGHBORHOOD SPACE FOR THE RESIDENTS LIVING ON 2200 PRESSTMAN AND THE STUDENTS ATTENDING CARVER VOCATIONAL TECHNICAL HIGH SCHOOL. THROUGH LANDSCAPING AND THE INSTALLATION OF SOLAR POWERED LIGHTING, REQUITY IS COLLABORATING WITH THE LOCAL COMMUNITY TO HELP IMPROVE SAFETY. THE ENERGY EFFICIENCY OF PRESSTMAN STREET CAN BE IMPROVED THROUGH AN ADDED TREE CANOPY, WHICH WILL HELP REGULATE HEATING AND COOLING. THE STREET OFFERS AN OPPORTUNITY FOR COMMUNITY DRIVEN BEAUTIFICATION AND CLEAN UP, WHILE PROVIDING AN OPPORTUNITY FOR CARVER STUDENTS TO RECEIVE VOCATIONAL EXPERIENCE. REQUITY AIMS TO SUPPORT THE COMMUNITY WITH SUPPLIES, INSTALLATION, AND COMMUNITY MEETINGS TO KEEP RESIDENTS INFORMED AND BUILD ONGOING, SUSTAINABLE PARTNERSHIPS. PLEASANT PRESSTMAN IS A COLLABORATIVE EFFORT TO GIVE THE RESIDENTS OWNERSHIP OF THEIR NEIGHBORHOOD AND HAVE A VOICE IN ITS DEVELOPMENT. THIS PARTNERSHIP PROVIDES FOR ORGANIC COMMUNITY ENGAGEMENT, PROVIDING RESIDENTS OPPORTUNITIES FOR NETWORKING AND WORK OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rosenband Executive Di | OfficerTrustee | 40 | $25,001 |
Stanely Arnold Treasurer | OfficerTrustee | 5 | $0 |
Amy Sheinin Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $478,060 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,231 |
| 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 | $523,291 |
| 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 | $523,291 |
| 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. | $25,001 |
| Compensation of current officers, directors, key employees. | $25,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,750 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,706 |
| Advertising and promotion | $4,001 |
| Office expenses | $4,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,032 |
| Travel | $2,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,763 |
| All other expenses | $3,697 |
| Total functional expenses | $135,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,615 |
| 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 | $254 |
| 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 | $67,482 |
| Total assets | $405,351 |
| 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 | $3,703 |
| Total liabilities | $3,703 |
| Net assets without donor restrictions | $0 |
| 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 | $3,260 |
| Retained earnings, endowment, accumulated income, or other funds | $398,388 |
| Total liabilities and net assets/fund balances | $405,351 |