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Nonprofiteer
← EQUITY ALLIANCE

Form 990 for tax year 2024

Filed by EQUITY ALLIANCE.

Totals

Total revenue
$2,105,581
Total expenses
$2,054,213
Contributions and grants received
$1,983,509
Grants paid
$0
Program service revenue
$122,072
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,591,863
Total liabilities, end of year
$22,115
Net assets or fund balances, end of year
$3,569,748
Program services expenses (Part IX)
$1,479,666
Management and general expenses
$490,908
Fundraising expenses
$83,639
Program service expenses (Part III)
$1,479,666

Program services were 72.0% 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

    $1,983,509

  • 2a · Program service revenue: TEA LICENSE PLATE PROGRAM INC

    total $122,072 · related or exempt $122,072

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,904 · program services $83,952 · management and general $67,162 · fundraising $16,790

  • 7 · Other salaries and wages

    total $512,901 · program services $256,451 · management and general $205,160 · fundraising $51,290

  • 9 · Other employee benefits

    total $67,784 · program services $33,892 · management and general $27,114 · fundraising $6,778

  • 10 · Payroll taxes

    total $55,322 · program services $27,661 · management and general $22,129 · fundraising $5,532

  • 11c · Fees: accounting

    total $19,489 · management and general $19,489

  • 11g · Fees: other

    total $502,009 · program services $428,497 · management and general $73,512

  • 12 · Advertising and promotion

    total $120,261 · program services $120,261

  • 13 · Office expenses

    total $24,560 · program services $24,560

  • 14 · Information technology

    total $32,489 · program services $12,995 · management and general $16,245 · fundraising $3,249

  • 16 · Occupancy

    total $86,816 · program services $78,135 · management and general $8,681

  • 17 · Travel

    total $71,889 · program services $71,889

  • 19 · Conferences, conventions and meetings

    total $55,403 · program services $48,201 · management and general $7,202

  • 22 · Depreciation, depletion and amortization

    total $2,017 · program services $2,017

  • 23 · Insurance

    total $660 · management and general $660

  • 24a · Other expenses: EVENT EXPENSES

    total $154,943 · program services $154,943

  • 24b · Other expenses: SUPPLIES_PROGRAM

    total $59,166 · program services $59,166

  • 24c · Other expenses: PROFESSIONAL DEVELOPEMENT

    total $39,106 · management and general $39,106

  • 24d · Other expenses: SPONSORSHIPS & DONATIONS

    total $37,305 · program services $37,305

  • 24e · All other expenses

    total $44,189 · program services $39,741 · management and general $4,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,551,859 · end of year $3,583,588

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

    $8,787

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

    $5,012

  • 10c · Land, buildings and equipment, net

    beginning of year $2,928 · end of year $3,775

  • 15 · Other assets

    end of year $4,500

  • 25 · Other liabilities

    beginning of year $36,608 · end of year $22,115

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,518,179 · end of year $3,569,748

Mission and programs · 2024

Mission

FOUNDED IN JANUARY 2017, THE EQUITY ALLIANCE (TEA) MISSION IS TO UNAPOLOGETICALLY BUILD INDEPENDENT BLACK POLITICAL AND ECONOMIC POWER. WE EDUCATE, EMPOWER, AND MOBILIZE BLACK PEOPLE TO TAKE ACTION AND KEEP OUR GOVERNMENT IN CHECK.

  • IN 2024, THE EQUITY ALLIANCE (TEA) CONTINUED TO BUILD PEOPLE POWER THROUGH A RECORD 490 EVENTS AIMED AT ADVANCING ADVOCACY, VOTER ENGAGEMENT, AND COMMUNITY EDUCATION. ACROSS OUR C3 AND C4 ACTIVITIES, 925 NEW INDIVIDUALS WHO JOINED TEAS GROWING NETWORK OF CHANGEMAKERS. TEA GENERATED 6,426 EVENT SIGN-UPS IN 2024, CONNECTING THOUSANDS OF COMMUNITY MEMBERS TO OPPORTUNITIES FOR ACTION. WE RECRUITED THESE VOLUNTEERS AT COLLEGE CAMPUSES, COMMUNITY MEETINGS, PUBLIC EVENTS, ONLINE, AND OVER THE PHONE. THROUGHOUT THE YEAR, VOLUNTEERS DEMONSTRATED LEADERSHIP BY ATTENDING PUBLIC MEETINGS SUCH AS SCHOOL BOARD AND CITY COUNCIL SESSIONS, PARTICIPATING IN RALLIES AND PROTESTS, SHARING INFORMATION VIA SOCIAL MEDIA, PASSING OUT EDUCATIONAL MATERIALS, AND STAFFING INFORMATIONAL TABLES AT COMMUNITY GATHERINGS.

    Expenses $1,479,666

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

Listed in Part VII

  • Tequila Johnson

    EXECUTIVE DI

    Total calculated
    $167,905
    From this org
    $167,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,905
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $167,905
  • Board Of Directors-Please See Attac

    BOARD OF DIR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.0
Source object
202531359349312233

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