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Nonprofiteer
← EQUITY WORKS INC

Form 990 for tax year 2024

Filed by EQUITY WORKS INC.

Totals

Total revenue
$632,391
Total expenses
$660,621
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$632,391
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,578,516
Total liabilities, end of year
$547,421
Net assets or fund balances, end of year
$9,031,095
Program services expenses (Part IX)
$660,121
Management and general expenses
$500
Fundraising expenses
$0
Program service expenses (Part III)
$660,121

Program services were 99.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $632,391 · related or exempt $632,391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 13 · Office expenses

    total $13,870 · program services $13,870

  • 16 · Occupancy

    total $122,516 · program services $122,516

  • 23 · Insurance

    total $23,735 · program services $23,735

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,351,962 · end of year $1,787,755

  • 4 · Accounts receivable

    beginning of year $167,453 · end of year $170,072

  • 10a · Land, buildings and equipment: cost or other basis

    $9,216,703

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,596,014

  • 10c · Land, buildings and equipment, net

    beginning of year $7,588,031 · end of year $7,620,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,599 · end of year $9,899

  • 25 · Other liabilities

    beginning of year $37,522 · end of year $537,522

  • 27 · Net assets without donor restrictions

    beginning of year $9,059,325 · end of year $9,031,095

Listed in Part VII

  • DEBRA GORE-MANN

    PRESIDENT & CEO, BOARD CHAIR

    Total calculated
    $370,705
    From this org
    $0
    From related orgs
    $348,827
    Other
    $21,878
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,827 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,864 related
    Nontaxable benefits
    $0 + $8,014 related
    Filer's total
    $0 + $370,705 related

  • MARCEL EAST

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SUTAPA BALAJI

    MEMBER AT LARGE

    Total calculated
    $228,027
    From this org
    $0
    From related orgs
    $189,827
    Other
    $38,200
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,827 related
    Bonus
    $0 + $2,000 related
    Other
    $0
    Deferred
    $0 + $8,351 related
    Nontaxable benefits
    $0 + $29,849 related
    Filer's total
    $0 + $228,027 related

  • TATE HILL

    MEMBER AT LARGE (THRU 04/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK RUTLEDGE

    MEMBER AT LARGE (THRU 04/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513179349307601

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