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Nonprofiteer
← HEALTH EQUITY COMPACT INC

Form 990 for tax year 2024

Filed by HEALTH EQUITY COMPACT INC.

Totals

Total revenue
$750,725
Total expenses
$472,164
Contributions and grants received
$750,725
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$736,214
Total liabilities, end of year
$134,147
Net assets or fund balances, end of year
$602,067
Program services expenses (Part IX)
$437,899
Management and general expenses
$34,265
Fundraising expenses
$0
Program service expenses (Part III)
$437,899

Program services were 92.7% 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

    $750,725

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,792 · program services $17,792

  • 9 · Other employee benefits

    total $1,980 · program services $1,980

  • 10 · Payroll taxes

    total $2,746 · program services $2,746

  • 11a · Fees: management

    total $172,359 · program services $139,521 · management and general $32,838

  • 11d · Fees: lobbying

    total $31,500 · program services $31,500

  • 17 · Travel

    total $2,818 · program services $2,818

  • 24a · Other expenses: RESEARCH, TRAINING, EDU

    total $241,542 · program services $241,542

  • 24e · All other expenses

    total $1,427 · management and general $1,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $588,883 · end of year $457,990

  • 3 · Pledges and grants receivable

    beginning of year $23,600 · end of year $270,224

  • 9 · Prepaid expenses and deferred charges

    end of year $8,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $288,977 · end of year $134,147

  • 27 · Net assets without donor restrictions

    beginning of year $323,506 · end of year $252,067

  • 28 · Net assets with donor restrictions

    end of year $350,000

Mission and programs · 2024

Mission

THE HEALTH EQUITY COMPACT BRINGS TOGETHER OVER 80 DIVERSE LEADERS ACROSS VARIOUS SETS OF MASSACHUSETTS ORGANIZATIONS INCLUDING HOSPITALS, HEALTH CENTERS, PAYERS, ACADEMIC INSTITUTIONS AND PUBLIC HEALTH TO ADVANCE HEALTH EQUITY IN MASSACHUSETTS THROUGH TRANSFORMATIONAL STATEWIDE POLICY AND INSTITUTIONAL CHANGES.

Activities or mission (Part I)

PROMOTE HEALTH THROUGH THE ELIMINATION OF SYSTEMIC BARRIERS TO EQUITABLE HEALTHCARE AND HEALTH OUTCOMES FOR ALL IN MASSACHUSETTS.

  • THE HEALTH EQUITY COMPACT (THE "COMPACT") IS A GROUP OF OVER 80 LEADERS WHO AIM TO ADVANCE HEALTH EQUITY TOGETHER IN MASSACHUSETTS. COMPACT MEMBERS ARE HIGH-LEVEL EXECUTIVES AND EXPERTS FROM A DIVERSE SET OF HEALTH, BUSINESS, LABOR, AND PHILANTHROPIC ORGANIZATIONS, INCLUDING HOSPITALS, HEALTH CENTERS, PAYERS, ACADEMIC INSTITUTIONS, AND PUBLIC HEALTH. WE BRING OUR LIVED EXPERIENCE, EXPERTISE, AND COMMITMENT TO OUR WORK TO ADVANCE HEALTH EQUITY.

    Expenses $437,899

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amie Shei

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Elsie Taveras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Filaine Deronnette

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Juan Fernando Lopera

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Manny Lopes

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Michael Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Rosa Colon-Kolacko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 July 2025
IRS schema version
2024v5.2
Source object
202541989349300304

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