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Nonprofiteer
← EQUIS INSTITUTE

Form 990 for tax year 2023

Filed by EQUIS INSTITUTE.

Totals

Total revenue
$15,001,086
Total expenses
$12,602,132
Contributions and grants received
$14,985,850
Grants paid
$50,000
Program service revenue
$0
Investment income
$9,736
Other revenue
$5,500
Total assets, end of year
$12,051,100
Total liabilities, end of year
$1,676,683
Net assets or fund balances, end of year
$10,374,417
Program services expenses (Part IX)
$10,242,078
Management and general expenses
$2,251,484
Fundraising expenses
$108,570
Program service expenses (Part III)
$10,242,078

Program services were 81.3% 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

    $14,985,850

  • 3 · Investment income

    total $9,736 · excluded $9,736

  • 11a · Other revenue: SPEAKER FEES

    total $5,500 · excluded $5,500

  • 11e · Other revenue, total

    $5,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $345,152 · program services $276,121 · management and general $65,579 · fundraising $3,452

  • 7 · Other salaries and wages

    total $3,547,616 · program services $2,838,093 · management and general $674,047 · fundraising $35,476

  • 8 · Pension plan contributions

    total $232,507 · program services $186,006 · management and general $44,176 · fundraising $2,325

  • 9 · Other employee benefits

    total $347,899 · program services $278,319 · management and general $66,101 · fundraising $3,479

  • 10 · Payroll taxes

    total $350,521 · program services $280,417 · management and general $66,599 · fundraising $3,505

  • 11b · Fees: legal

    total $180,960 · program services $144,768 · management and general $36,192

  • 11c · Fees: accounting

    total $67,400 · program services $53,920 · management and general $13,480

  • 11g · Fees: other

    total $4,356,606 · program services $3,485,285 · management and general $827,755 · fundraising $43,566

  • 12 · Advertising and promotion

    total $820,545 · program services $656,436 · management and general $155,904 · fundraising $8,205

  • 13 · Office expenses

    total $73,369 · program services $58,695 · management and general $13,940 · fundraising $734

  • 14 · Information technology

    total $426,248 · program services $340,999 · management and general $80,987 · fundraising $4,262

  • 16 · Occupancy

    total $109,274 · program services $87,419 · management and general $20,762 · fundraising $1,093

  • 17 · Travel

    total $482,431 · program services $385,945 · management and general $96,486

  • 19 · Conferences, conventions and meetings

    total $11,844 · program services $9,475 · management and general $2,369

  • 20 · Interest

    total $1,380 · program services $1,104 · management and general $262 · fundraising $14

  • 24a · Other expenses: PRODUCTION EXPENSES

    total $667,582 · program services $667,582

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $182,526 · program services $146,021 · management and general $36,505

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $152,575 · program services $122,060 · management and general $28,989 · fundraising $1,526

  • 24d · Other expenses: RESEARCH EXPENSES

    total $84,277 · program services $84,277

  • 24e · All other expenses

    total $111,420 · program services $89,136 · management and general $21,351 · fundraising $933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,553,121 · end of year $5,517,270

  • 2 · Savings and temporary cash investments

    end of year $5,009,736

  • 3 · Pledges and grants receivable

    end of year $1,519,094

  • 4 · Accounts receivable

    beginning of year $650 · end of year $5,000

  • 15 · Other assets

    beginning of year $466,024 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,332 · end of year $249,097

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,427,586

  • 27 · Net assets without donor restrictions

    beginning of year $7,975,463 · end of year $8,855,323

  • 28 · Net assets with donor restrictions

    end of year $1,519,094

Mission and programs · 2023

Mission

EQUIS INSTITUTE'S MISSION IS TO CREATE A BETTER UNDERSTANDING OF LATINX COMMUNITIES, INVEST IN INNOVATIVE APPROACHES TO REACH AND ENGAGE THEM, AND CONVENE LATINX LEADERS FOR THE GROWTH AND LONG TERM SUSTAINABILITY OF THE SECTOR.

Activities or mission (Part I)

EQUIS INSTITUTE IS A HUB FOR LEADERS IN THE LATINO COMMUNITY WHO WANT TO FOSTER A BETTER CONNECTION BETWEEN LATINX COMMUNITIES AND THE DEMOCRATIC PROCESS. TO CONVENE PARTNERS AROUND INNOVATIVE RESEARCH AND IDEAS AND PROVIDE CAPACITY BUILDING AND TRAINING OPPORTUNITIES FOR NATIONAL, STATE, AND LOCAL LEADERS.

  • CULTURAL MOBILIZATIONTHROUGH THE CULTURAL MOBILIZATION PROJECT, EQUIS PARTNERED WITH DOZENS OF STATE, LOCAL, AND NATIONAL ORGANIZATIONS TO ORGANIZE A LARGER CULTURAL MOMENT OF LATINO PRIDE AROUND THE FILM, FLAMIN' HOT. WE FILLED 29 SCREENINGS NATIONWIDE, GENERATING 151 MILLION COMBINED TIKTOK AND INSTAGRAM IMPRESSIONS. THE SUCCESS OF THE GRASSROOTS CAMPAIGN NOT ONLY TURNED THE MOVIE INTO A COMMUNITY-WIDE CULTURAL EVENT BUT ALSO LED TO AN OSCAR NOMINATION, CULMINATING IN A HISTORIC BILINGUAL PERFORMANCE DURING THE OSCARS TELECAST. THIS EFFORT CONNECTED OVER 100 PARTNERS FROM HOLLYWOOD, ADVOCACY, AND COMMUNITY ORGANIZATIONS, TURNING A SHARED CULTURAL MOMENT INTO AN ORGANIZING WIN FOR THE LATINO COMMUNITY.THE CONEXIONES PROGRAM EXPANDED IN 2023 TO FOSTER DEEPER CONNECTIONS AMONG LATINO LEADERS WITH THEIR MEXICAN HERITAGE. THE 2023 DELEGATION TO MEXICO CITY, UNITED PROMINENT FIGURES FROM ENTERTAINMENT, BUSINESS, AND PHILANTHROPY AND INSPIRED NEW CREATIVE PROJECTS AND DEEPENED U.S.-MEXICO TIES. 100% OF PARTICIPANTS REPORTED A BETTER UNDERSTANDING OF THE U.S.-MEXICO RELATIONSHIP.

    Expenses $6,782,625 · Grants $50,000

  • YOUTUBE MOONSHOTTHE YOUTUBE INITIATIVE LEADS THE CHARGE IN CULTURALLY-RELEVANT, ENGAGING CONTENT CREATION, THAT HELPS LATINOS MAKE SENSE OF THE WORLD, POLITICS, AND CURRENT EVENTS TO INOCULATE LATINO VOTERS AGAINST HARMFUL NARRATIVES AND MIS/DISINFORMATION AND BUILD CONFIDENCE AND TRUST IN OUR DEMOCRATIC INSTITUTIONS. THE YOUTUBE INITIATIVE LAUNCHED TWO CHANNELS IN 2022. EN SERIO DEVELOPED 63 VIDEOS THAT HAVE BEEN PUBLISHED AND HAVE 5 MILLION TOTAL VIEWS. LUNARIO INFORMA HAS PUBLISHED 32 VIDEOS, HALF IN SPANISH AND HALF IN ENGLISH.

    Expenses $2,541,745

  • RESEARCHPROVIDE LATINO-SERVING GROUPS WITH ACTIONABLE RESEARCH TO HELP STRENGTHEN THEIR PROGRAMS AND OUTREACH EFFORTS. OUR RESEARCH THIS YEAR CONTINUED TO TACKLE SOME OF THE BIGGER ISSUES AND QUESTIONS OUR PARTNERS FACE EVERY DAY, FROM HOW TO BETTER UNDERSTAND THE REAL THREAT OF DISINFORMATION AND MISINFORMATION, TO HOW TO DEAL WITH THE ISSUE OF LANGUAGE IN OUR COMMUNITY. WE COLLECTED 14,850 DIGITAL LATINO SURVEY RESPONSES AND CONDUCTED 11 FOCUS GROUPS AND 18 POLLS.

    Expenses $917,708

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JACQUELINE GARCEL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAN RESTREPO

    CHAIRPERSON

    Total calculated
    $25,603
    From this org
    $25,603
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LUIS AVILA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TORY GAVITO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CRISTINA JIMENEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLOS ODIO

    BOARD MEMBER

    Total calculated
    $166,298
    From this org
    $150,445
    From related orgs
    $0
    Other
    $15,853
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $150,445
    Bonus
    $0
    Other
    $0
    Deferred
    $15,660
    Nontaxable benefits
    $193
    Filer's total
    $166,298

  • KENIA MORALES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE VALENCIA

    PRESIDENT/CEO

    Total calculated
    $178,852
    From this org
    $161,922
    From related orgs
    $0
    Other
    $16,930
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $161,922
    Bonus
    $0
    Other
    $0
    Deferred
    $10,475
    Nontaxable benefits
    $6,455
    Filer's total
    $178,852

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349325192

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