Totals
- Total revenue
- $241,700
- Total expenses
- $220,376
- Contributions and grants received
- $39,254
- Grants paid
- $0
- Program service revenue
- $15,487
- Investment income
- $182,905
- Other revenue
- $4,054
- Total assets, end of year
- $4,927,054
- Total liabilities, end of year
- $2,380,341
- Net assets or fund balances, end of year
- $2,546,713
- Program services expenses (Part IX)
- $195,074
- Management and general expenses
- $25,302
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $195,074
Program services were 88.5% 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
$39,254
-
2a · Program service revenue: PROGRAM SERVICES
total $15,487 · related or exempt $15,487
-
3 · Investment income
total $182,905 · related or exempt $182,905
-
11a · Other revenue: NOTE ORIGINATION FEES
total $4,054 · related or exempt $4,054
-
11e · Other revenue, total
$4,054
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $22,169 · program services $16,220 · management and general $5,949
-
11g · Fees: other
total $43,275 · program services $43,275
-
20 · Interest
total $42,438 · program services $42,438
-
23 · Insurance
total $14,252 · management and general $14,252
-
24a · Other expenses: SERVICE FEES
total $2,548 · program services $2,447 · management and general $101
-
24b · Other expenses: SUBSCRIPTIONS
total $5,000 · management and general $5,000
-
24c · Other expenses: CREDIT LOSSES
total $90,694 · program services $90,694
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,860,432 · end of year $2,952,718
-
4 · Accounts receivable
beginning of year $5,903 · end of year $8,176
-
7 · Other notes and loans receivable
beginning of year $1,943,755 · end of year $1,940,662
-
9 · Prepaid expenses and deferred charges
end of year $25,498
-
17 · Accounts payable and accrued expenses
beginning of year $641,171 · end of year $111,825
-
19 · Deferred revenue
beginning of year $31,571 · end of year $24,570
-
24 · Unsecured notes and loans payable
beginning of year $1,441,738 · end of year $2,243,946
-
27 · Net assets without donor restrictions
beginning of year $2,695,610 · end of year $2,546,713
Mission and programs · 2023
Mission
PROJECT EQUITY IS A NATIONAL LEADER IN THE MOVEMENT TO HARNESS EMPLOYEE OWNERSHIP TO MAINTAIN THRIVING LOCAL BUSINESS COMMUNITIES, HONOR SELLING OWNERS LEGACIES, AND ADDRESS INCOME AND WEALTH INEQUALITY.
-
PROJECT EQUITY WORKS WITH PARTNERS AROUND THE COUNTRY TO RAISE AWARENESS ABOUT EMPLOYEE OWNERSHIP AS AN EXIT STARTEGY FOR BUSINESS OWNERS, AND AS AN IMPORTANT APPROACH FOR INCREASING EMPLOYEE ENAGAGEMENT AND WELL BEING. WE ALSO PROVIDE HANDS ON CONSULTING, SUPPORT AND FINANCING TO COMPANIES THAT WANT TO TRANSITION TO EMPLOYEE OWNERSHIP, AS WELL AS, TO THE NEW EMPLOYEE-OWNERS TO ENSURE THEY AND THEIR BUSINESS THRIVE AFTER TRANSITION.
Expenses $195,074
As filed on the 2023 return.
Listed in Part VII
-
Eric WeaverERIC WEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James AlvaJAMES ALVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alison LinganeALISON LINGANE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Evan EdwardsEVAN EDWARDS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Hilary AbellHILARY ABELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
PE FUND II LLC
EQUITY FUNDING · CA · income -$25,207 · assets $3,181,494
Directly controlled by PROJECT EQUITY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 September 2024
- IRS schema version
- 2023v6.0
- Source object
- 202510329349300316
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