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EQUITABLE FACILITIES FUND INC

EIN 82-2351889 NEW YORK, NY

Revenue 2024
$134,913,992
Expenses 2024
$51,702,521

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B11
Classification
1200
Street
228 PARK AVENUE SOUTH SUITE 61633

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (SUITE 61633). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS.

  • THE EQUITABLE FACILITIES FUND LEVERAGES DONATIONS AND OTHER PHILANTHROPIC MONIES IT RECEIVES AND HOLDS TO ENABLE CHARTER SCHOOLS TO BORROW MORE CHEAPLY AND EFFECTIVELY. DESIGNING, IMPLEMENTING AND MAINTAINING THIS NEW SOURCE OF CAPITAL FOR CHARTER SCHOOL FACILITIES WILL ULTIMATELY LEAD TO IMPROVED PUBLIC EDUCATION FOR CHILDREN.

    Expenses $49,014,582 · Grants $1,000,424 · Revenue $55,330,236

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Buddy Philpot

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5
  • Scott Pearson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Kevin Hall

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Aarthi Sowrirajan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Nguyen Huyhn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Anand Kesavan

    CEO

    Total calculated
    $613,477
    From this org
    $596,680
    From related orgs
    $0
    Other
    $16,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $595,833
    Bonus
    $0
    Other
    $847
    Deferred
    $8,753
    Nontaxable benefits
    $8,044
    Filer's total
    $613,477
  • Michelle Getz

    CHIEF CREDIT OFFICER

    Total calculated
    $298,604
    From this org
    $275,875
    From related orgs
    $0
    Other
    $22,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,375
    Bonus
    $0
    Other
    $6,500
    Deferred
    $15,375
    Nontaxable benefits
    $7,354
    Filer's total
    $298,604
  • Jon McIntosh

    CHIEF OF STAFF

    Total calculated
    $263,452
    From this org
    $245,723
    From related orgs
    $0
    Other
    $17,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $20,000
    Other
    $25,723
    Deferred
    $14,730
    Nontaxable benefits
    $2,999
    Filer's total
    $263,452
  • Shawn McCormack

    INVESTMENT PRINCIPAL

    Total calculated
    $239,695
    From this org
    $218,628
    From related orgs
    $0
    Other
    $21,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,000
    Bonus
    $19,800
    Other
    $828
    Deferred
    $13,068
    Nontaxable benefits
    $7,999
    Filer's total
    $239,695
  • Wendy Berry

    INVESTMENT PRINCIPAL

    Total calculated
    $239,561
    From this org
    $220,821
    From related orgs
    $0
    Other
    $18,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $20,000
    Other
    $821
    Deferred
    $11,500
    Nontaxable benefits
    $7,240
    Filer's total
    $239,561
  • Marc Wancer

    INVESTMENT PRINCIPAL

    Total calculated
    $240,257
    From this org
    $226,375
    From related orgs
    $0
    Other
    $13,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,000
    Bonus
    $20,500
    Other
    $875
    Deferred
    $13,530
    Nontaxable benefits
    $352
    Filer's total
    $240,257
  • Mike McGregor

    CHIEF OPERATIONS OFFICER

    Total calculated
    $497,084
    From this org
    $481,295
    From related orgs
    $0
    Other
    $15,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,792
    Bonus
    $0
    Other
    $261,503
    Deferred
    $13,753
    Nontaxable benefits
    $2,036
    Filer's total
    $497,084

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $134,913,992
    Expenses
    $51,702,521
    Contributions
    $68,162,500
    Grants paid
    $1,000,424
  • 2023
    Revenue
    $73,775,771
    Expenses
    $31,779,216
    Contributions
    $24,601,164
    Grants paid
    $0
  • 2022
    Revenue
    $109,581,682
    Expenses
    $24,559,398
    Contributions
    $78,150,000
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $34,535,002
    Expenses
    $14,997,159
    Assets (EOY)
    $843,754,758
  • 2020 · 990

    Revenue
    $48,316,179
    Expenses
    $9,571,763
    Assets (EOY)
    $575,484,952
  • 2017 · 990

    Revenue
    $154,040,390
    Expenses
    $1,859,121
    Assets (EOY)
    $152,587,484

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • EQUITABLE SCHOOL REVOLVING FUND LLC

    SUPPORT CHARTER SCHOOLS · DE · income $66,969,080 · assets $1,878,848,041

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.