Civic Intelligence

Equal Chance for Education

990 • Fiscal year 2021 • EIN 46-4528066

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 07, 2022

Organization ProfileWWW.EQUALCHANCEFOREDUCATION.COM
73 White Bridge Road 103 Box 351Nashville, TN 37205

(615) 218-8585

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

1.4%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$80,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

5.4%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

25%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$440,595

Up $22,475 (+5.4%) from 2020

Net Assets

Up

$440,595

Up $22,475 (+5.4%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin29th percentile

Revenue

Up

$1,649,948

Up $334,642 (+25%) from 2020

Expenses

Up

$1,627,473

Up $376,882 (+30%) from 2020

Net Income

Down

$22,475

Down $42,240 (-65%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $6,666Liabilities 2015: $02015Assets 2016: $14,440Liabilities 2016: $0Net Assets 2016: $14,4402016Assets 2017: $228,373Liabilities 2017: $0Net Assets 2017: $228,3732017Assets 2018: $251,027Liabilities 2018: $0Net Assets 2018: $251,0272018Assets 2019: $443,935Liabilities 2019: $0Net Assets 2019: $443,9352019Assets 2020: $418,120Liabilities 2020: $0Net Assets 2020: $418,1202020Assets 2021: $440,595Liabilities 2021: $0Net Assets 2021: $440,5952021Assets 2022: $309,155Liabilities 2022: $162,035Net Assets 2022: $147,1202022Assets 2023: $377,046Liabilities 2023: $25,745Net Assets 2023: $351,3012023Assets 2024: $327,663Liabilities 2024: $14,006Net Assets 2024: $313,6572024

Highlighted filing

2021

Assets$440,595
Liabilities$0
Net Assets$440,595
Open 2021 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $112,600Expenses 2015: $105,934Net Income 2015: $6,6662015Revenue 2016: $272,185Expenses 2016: $264,411Net Income 2016: $7,7742016Revenue 2017: $519,594Expenses 2017: $305,661Net Income 2017: $213,9332017Revenue 2018: $550,667Expenses 2018: $528,013Net Income 2018: $22,6542018Revenue 2019: $1,052,673Expenses 2019: $853,891Net Income 2019: $198,7822019Revenue 2020: $1,315,306Expenses 2020: $1,250,591Net Income 2020: $64,7152020Revenue 2021: $1,649,948Expenses 2021: $1,627,473Net Income 2021: $22,4752021Revenue 2022: $1,797,877Expenses 2022: $1,830,352Net Income 2022: -$32,4752022Revenue 2023: $2,020,161Expenses 2023: $1,815,980Net Income 2023: $204,1812023Revenue 2024: $1,673,338Expenses 2024: $1,712,482Net Income 2024: -$39,1442024

Highlighted filing

2021

Revenue$1,649,948
Expenses$1,627,473
Net Income$22,475
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 7, 2022
Return Version
2020v4.0
Gross Receipts
$1,649,948
Mission and Program Overview

Mission

Our goal is to provide an equal opportunity to achieve the american dream through the completion of a college education by providing direct payment scholarships to education institutions.

Provide tuition assistance to qualified college students in the form of direct payment scholarships to educational institutions

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$418,120$440,595▲ $22,475
Rtn Earn Endowment Incm Other Fnds$418,120$440,595▲ $22,475
Total Assets$418,120$440,595▲ $22,475
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$418,120$440,595▲ $22,475
Total Liabilities and Net Assets / Fund Balance$418,120$440,595▲ $22,475
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Molly HaynesExecutive DiFT$80,000$80,000

Board Members and Trustees

NameTitle
Michael J Spalding MdChairman
Charles Robert BonePresident
Dave MahanesDirector
Greg DailyDirector
Jackie ShragoDirector
Jim MunroDirector
Kenyatta LovettDirector
Kevin SivaneriDirector
Kristin McgranerDirector
Monica CintadoDirector
Raquel OluyemoDirector
Raymond PirtleDirector
Rich RhodaDirector
Saghi AsgarifarDirector
Sam HatcherDirector
Trey LipmanDirector
Trish MunroDirector
Robert BoneSecretary
William B CrenshawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,649,589
Program Service Revenue
$0
Investment Income
$359
Other Revenue
$0
All Other Contributions
$1,649,589
Change in Net Assets
$22,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,399,880
Salaries, Compensation, and Employee Benefits$172,838
Total Fundraising Expense$67,061
Other Expenses$54,755
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,399,880--$1,399,880
Other Salaries and Wages$82,487$16,415$61,099$160,001
Payroll Taxes$6,618$1,317$4,902$12,837
Fees for Services Legal-$5,770-$5,770
Travel$1,075-$970$2,045
All Other Expenses$467$664$90$1,221
Office Expenses-$929-$929
Other Expenses$9,395$883-$883
Insurance-$333-$333
Total Functional Expenses$1,529,922$30,490$67,061$1,627,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Michael spalding, md william crenshaw president treasurer family relationship”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is thoroughly reviewed by president and chairman, executive director, and treasurer and is shared with the entire board for review prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Equal Chance for Education
EIN
46-4528066
Phone
6152188585
Address
73 WHITE BRIDGE ROAD 103 BOX 351, NASHVILLE, TN 37205

Signing Officer

Name
Molly Haynes
Title
Executive Director
Phone
6152188585
Signed
2022-01-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Robert Bone
Formed
2014
Legal Domicile
Tn
Voting Board Members
20
Independent Board Members
19
Employees
3
Volunteers
79

Preparer

Firm
Blankenship CPA Group Pllc
Address
215 WARD CIRCLE, BRENTWOOD, TN 37027-2304
Preparer
Jan Kolb CPA
Phone
6153733771
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL SPALDING, MD WILLIAM CRENSHAW PRESIDENT TREASURER FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS THOROUGHLY REVIEWED BY PRESIDENT AND CHAIRMAN, EXECUTIVE DIRECTOR, AND TREASURER AND IS SHARED WITH THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$440,595
Liabilities
$0
Net assets
$440,595
Revenue
$1,649,948
Expenses
$1,627,473
Net income
$22,475
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.31$1.67$1.71$0.04
2023Summary only. Only limited summary data is available for this year.$0.38$0.03$0.35$2.02$1.82$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.16$0.15$1.80$1.83$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.65$1.63$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$1.32$1.25$0.06
2019Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$1.05$0.85$0.20
2018Summary only. Only limited summary data is available for this year.$0.25$0.00$0.25$0.55$0.53$0.02
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.52$0.31$0.21
2016Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.27$0.26$0.01
2015Summary only. Only limited summary data is available for this year.$0.01$0.00$0.11$0.11$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits