Totals
- Total revenue
- $2,171,661
- Total expenses
- $4,668,133
- Contributions and grants received
- $1,990,949
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $8,927
- Other revenue
- $171,785
- Total assets, end of year
- $518,369
- Total liabilities, end of year
- $962,542
- Net assets or fund balances, end of year
- -$444,173
- Program services expenses (Part IX)
- $3,503,496
- Management and general expenses
- $463,015
- Fundraising expenses
- $701,622
- Program service expenses (Part III)
- $3,503,496
Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,990,949
-
3 · Investment income
total $8,927 · related or exempt $8,927
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$75,356
-
10b · Cost of goods sold
$40,821
-
10c · Net income from sales of inventory
total $34,535 · related or exempt $34,535
-
11a · Other revenue: Other Income
total $6,676 · related or exempt $6,676
-
11b · Other revenue: Other Income - India, Net
total $78,420 · related or exempt $78,420
-
11c · Other revenue: Sublet rental income
total $52,154 · related or exempt $52,154
-
11e · Other revenue, total
$137,250
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $793,063 · program services $577,048 · management and general $63,436 · fundraising $152,579
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,355,011 · program services $979,084 · management and general $117,044 · fundraising $258,883
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $294,786 · program services $215,260 · management and general $34,551 · fundraising $44,975
-
10 · Payroll taxes
total $159,247 · program services $115,753 · management and general $13,286 · fundraising $30,208
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $14,990 · program services $11,446 · management and general $1,152 · fundraising $2,392
-
11c · Fees: accounting
total $34,646 · management and general $34,646
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $619,155 · program services $458,577 · management and general $44,400 · fundraising $116,178
-
12 · Advertising and promotion
total $764 · fundraising $764
-
13 · Office expenses
total $29,711 · program services $21,950 · management and general $3,479 · fundraising $4,282
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $205,708 · program services $150,812 · management and general $16,667 · fundraising $38,229
-
17 · Travel
total $137,891 · program services $100,864 · management and general $4,819 · fundraising $32,208
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $13,456 · program services $51 · management and general $13,157 · fundraising $248
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $16,815 · program services $13,359 · management and general $1,133 · fundraising $2,323
-
23 · Insurance
total $18,201 · program services $6,025 · management and general $10,566 · fundraising $1,610
-
24a · Other expenses: Intercompany Expense
total $595,426 · program services $595,426
-
24b · Other expenses: Program Supplies & Materials
total $221,091 · program services $221,091
-
24c · Other expenses: Forfeited Financial Support
total $90,000 · management and general $90,000
-
24d · Other expenses: Licenses and Fees
total $19,385 · program services $9,080 · management and general $8,719 · fundraising $1,586
-
24e · All other expenses
total $48,787 · program services $27,670 · management and general $5,960 · fundraising $15,157
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,355,287 · end of year $196,732
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $945,889 · end of year $0
-
4 · Accounts receivable
end of year $18,715
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $29,009 · end of year $26,436
-
10a · Land, buildings and equipment: cost or other basis
$61,295
-
10b · Land, buildings and equipment: accumulated depreciation
$28,741
-
10c · Land, buildings and equipment, net
beginning of year $9,886 · end of year $32,554
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $151,957 · end of year $157,139
-
15 · Other assets
beginning of year $86,116 · end of year $86,793
-
17 · Accounts payable and accrued expenses
beginning of year $105,107 · end of year $116,501
-
19 · Deferred revenue
beginning of year $27,210
-
24 · Unsecured notes and loans payable
beginning of year $237,795 · end of year $706,515
-
25 · Other liabilities
beginning of year $155,733 · end of year $139,526
-
27 · Net assets without donor restrictions
beginning of year $648,731 · end of year -$444,173
-
28 · Net assets with donor restrictions
beginning of year $1,403,568
Mission and programs · 2022
Mission
Equalize Health believes in a world where we all have access to world-class medical treatment, no matter where we live. Millions of people suffer and die from preventable or treatable conditions simply because they dont have access to the right treatment. Equalize Health is a not-for-profit medical technology company on a mission to change that. We do this by:1) identifying the biggest gaps and opportunities in health care where tech can do the most good,2) designing affordable, world-class medical products that work in the toughest circumstances, 3) partnering with both global and local actors to ensure our products get to those who need them most. We work across the globe, but with a specific focus in regions where health equity gaps are largest, including South Asia and East Africa.
Activities or mission (Part I)
EQUALIZE HEALTH IS A NOT-FOR-PROFIT MEDICAL TECHNOLOGY COMPANY WHOSE MISSION IS: TO CREATE MEDICAL TECHNOLOGY FOR EVERYONE. EQUALIZE HEALTHS PRODUCTS ARE SOLD IN 75+ COUNTRIES, AND HAVE TREATED OVER 1M PATIENTS.
-
nCPAP: Secured a groundbreaking partnership with Draeger formed to commercialize FlowLite, increasing its capacity to reach newborns with RDS in the hardest to reach places globally. FlowLite Usability Study in India, spanning 13 locations, 6 states, 37 healthcare facilities, and 108 healthcare stakeholders surrounding usability, use setting, voice of customer, safety, and current standard of care.
Expenses $2,206,852
-
EQUALIZE 2030 MODEL: WE FULLY IMPLEMENTED OUR STRATEGY AND OPERATING MODEL OF "EQUALIZE HEALTH 2030" TO PARTNER WITH LOCAL INNOVATORS TO ACCELERATE GLOBAL HEALTH INNOVATION TO WHERE IT IS NEEDED MOST TO SAVE LIVES. PARTNERSHIPS WERE FORMED FOR THE FIRST 3 TECHNOLOGIES, NAMELY, WITH SOUTHERN AFRICAN OB-GYN AND A WORLD-RENOWNED POSTPARTUM HEMORRHAGE EXPERT, TO LAUNCH MATERNAWELL TRAY, A SIMPLE INNOVATION THAT WILL ADDRESS THE LEADING CAUSE OF MATERNAL MORTALITY.
Expenses $900,048
-
TELEMENTORING FOR HEALTHCARE WORKERS IN INDIA AND KENYA: WITH THE AIM OF STRENGTHENING THE HEALTHCARE SYSTEMS WHERE OUR PRODUCTS EXIST, EQUALIZE HEALTH PARTNERS WITH LOCAL GOVERNMENT, NGOS AND MEDICAL ASSOCIATIONS TO PROVIDE DIGITAL MEDICAL TRAINING AND PROFESSIONAL SUPPORT TO HEALTHCARE WORKERS IN RESOURCE CONSTRAINED HOSPITALS. BY THE END OF 2022 2,735 HEALTHCARE WORKERS WERE TRAINED.
Expenses $342,992
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Krista DonaldsonKRISTA DONALDSON
CEO
- Total calculated
- $260,655
- From this org
- $260,655
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,155
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $281,155
-
Boston Nyer
COO/CFO
- Total calculated
- $178,497
- From this org
- $163,777
- From related orgs
- $0
- Other
- $14,720
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,256
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $14,720
- Filer's total
- $181,976
-
Costantine Gillespie
Director of Engineering
- Total calculated
- $175,411
- From this org
- $153,087
- From related orgs
- $0
- Other
- $22,324
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,087
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $22,324
- Filer's total
- $175,411
-
Peter Barschall
Dr. Firewall Engineer
- Total calculated
- $154,522
- From this org
- $132,122
- From related orgs
- $0
- Other
- $22,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,122
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $22,400
- Filer's total
- $154,522
-
Daniel R Wald
Chief Growth Off
- Total calculated
- $142,036
- From this org
- $134,124
- From related orgs
- $0
- Other
- $7,912
- Hours/week
- 40
-
Chris Abel
Dir of IT
- Total calculated
- $141,182
- From this org
- $141,182
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sara Tollefson
Dir. of Impact
- Total calculated
- $120,086
- From this org
- $120,086
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Stephanie Heckman
Director of Dev
- Total calculated
- $116,011
- From this org
- $116,011
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dylan Guelig
- Total calculated
- $115,827
- From this org
- $115,827
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Shakwei Saw Mbindyo
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie Cornell
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mayur Sirdesai
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jody Mahoney
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Lynne Kelley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wendy Taylor
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy Nzau
Director
- Total calculated
- $0
- Hours/week
- 2
-
Minette Norman
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333209349303238
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