Civic Intelligence

Equity Now

990 • Fiscal year 2019 • EIN 82-2008232

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 20, 2020

9700 Philadelphia CourtLanham, MD 20774

(716) 791-9139

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.77x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

26th percentile

-8.2%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

100th percentile

6681%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

100th percentile

2876%

Faster revenue growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$160,921

Up $158,548 (+6681%) from 2018

Net Assets

Down

-$17,481

Down $19,854 (-837%) from 2018

Liabilities

Up

$178,402

Up $178,402 from 2018

Revenue

Up

$231,082

Up $223,318 (+2876%) from 2018

Expenses

Up

$250,023

Up $244,632 (+4538%) from 2018

Net Income

Down

-$18,941

Down $21,314 (-898%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0-$10MAssets 2018: $2,373Liabilities 2018: $0Net Assets 2018: $2,3732018Assets 2019: $160,921Liabilities 2019: $178,402Net Assets 2019: -$17,4812019Assets 2020: $28,248,477Liabilities 2020: $28,650,862Net Assets 2020: -$402,3852020Assets 2022: $24,895,154Liabilities 2022: $26,229,146Net Assets 2022: -$1,333,9922022Assets 2023: $27,204,741Liabilities 2023: $26,316,895Net Assets 2023: $887,8462023Assets 2024: $30,225,264Liabilities 2024: $27,765,716Net Assets 2024: $2,459,5482024

Highlighted filing

2019

Assets$160,921
Liabilities$178,402
Net Assets-$17,481

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $7,764Expenses 2018: $5,391Net Income 2018: $2,3732018Revenue 2019: $231,082Expenses 2019: $250,023Net Income 2019: -$18,9412019Revenue 2020: $336,740Expenses 2020: $721,644Net Income 2020: -$384,9042020Revenue 2022: $9,713,112Expenses 2022: $10,109,112Net Income 2022: -$396,0002022Revenue 2023: $13,138,001Expenses 2023: $10,935,301Net Income 2023: $2,202,7002023Revenue 2024: $14,564,991Expenses 2024: $12,985,586Net Income 2024: $1,579,4052024

Highlighted filing

2019

Revenue$231,082
Expenses$250,023
Net Income-$18,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 20, 2020
Return Version
2019v5.0
Gross Receipts
$231,082
Mission and Program Overview

Mission

Equity now founded legends charter school on the belief that all students can learn and deserve the opportunity to receive high-quality education, regardless of their socio-economic background. Equity now works to provide any and all resources that facilitate student success in the classroom and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$153,842-
Cash and Non-Interest-Bearing Accounts-$7,079-
Total Assets$0$160,921▲ $160,921
Liabilities
Accounts Payable and Accrued Expenses-$91,500-
Deferred Revenue-$86,902-
Total Liabilities$0$178,402▲ $178,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-17,481-
Total Net Assets Fund Balance$0$-17,481▼ $17,481
Total Liabilities and Net Assets / Fund Balance$0$160,921▲ $160,921
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shomari JamesCEOFT$30,625$30,625
Aminah WilliamsDirector of HumanFT$24,500$24,500
Antoine WilliamsDirector of OperFT$18,375$18,375

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$231,082
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$445
Change in Net Assets
$-18,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,498
Salaries, Compensation, and Employee Benefits$80,525
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$84,000$41,474-$125,474
Current Officers, Directors, Trustees, and Key Employees$73,500--$73,500
Office Expenses$18,152--$18,152
Advertising$12,927--$12,927
Payroll Taxes$7,025--$7,025
Fees for Services Legal-$3,055-$3,055
Travel$2,450--$2,450
Information Technology$973--$973
Other Expenses$432$290-$290
Insurance$184--$184
Total Functional Expenses$205,204$44,819$0$250,023
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
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
Yes
Other officer compensation reviewed
Yes
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

Aminah williams antoine williams director director spouse

Form 990, Page 6, Part VI, Line 7A

Legends is committed to maintaining highly effective and highly qualified board of trustees with the proper experience, skill set and commitment to impact education. As natural transition and attrition occurs it will be the responsibility of the governance committee under the direction of the board chairman to recruit and onboard new members. Our recruitment process will initially screen potential board members, based on their answers to the interested board member checklist. Once potential candidates are approved from the initial screening, they will be thoroughly evaluated in accordance with the operating agreement to matriculate through the interview and engagement process and assure they are a good fit for the legends mission. All appointments to the board shall be for a term of four (4) years. No person shall serve more than four (4) consecutive terms unless a majority of the board, during the course of a board meeting at which a quorum is present, votes to appoint a board member to two (2) additional years. No person shall serve more than twenty (20) consecutive years. After serving the maximum total number of consecutive years on the board, a member may be eligible for reconsideration as a board member after two (2) years have passed since the conclusion of such board member's service.

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

The 990 is reviewed by the finance manager, who then submits for review by the ceo.

Form 990, Page 6, Part VI, Line 15A

An independent contractor suggested compensation through a comparative analysis of similar roles in companies within the education industry. This analysis was submitted to the officers, and a vote determined final salaries.

Form 990, Page 6, Part VI, Line 15B

An independent contractor suggested officer compensation through a comparative analysis of similar roles in companies within the education industry. This analysis was submitted to the officers, and a vote determined final salaries. .

Form 990, Page 6, Part VI, Line 19

Upon request, documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Equity Now Inc
EIN
82-2008232
Phone
7167919139
Address
9700 PHILADELPHIA COURT, LANHAM, MD 20774
Doing Business As
Legends Charter School

Signing Officer

Name
Shomari James
Title
CEO
Phone
7167919139
Signed
2020-11-20

Organization Details

Principal Officer
Shomari James
Formed
2017
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
3

Preparer

Firm
Jbs & Co LLC
Address
101 LOG CANOE CIR STE I, STEVENSVILLE, MD 21666-2106
Preparer
J Brian Stitcher CPA
Phone
4109566902
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Equity now founded legends charter school on the belief that all students can learn and deserve the opportunity to receive high-quality education, regardless of their socio-economic background. Equity now works to provide any and all resources that facilitate student success in the classroom and beyond.

Form 990, Part IX, Line 11G

Consulting 60,000 35,000 0 payroll services 0 2,599 0 outside contract services 24,000 3,875 0 total 84,000 41,474 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MARYLAND DEPARTMENT OF EDUCATION AWARDED EQUITY NOW A GRANT FOR THE DEVELOPMENT AND OPENING OF THE LEGENDS CHARTER SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EQUITY NOW FOUNDED LEGENDS CHARTER SCHOOL ON THE BELIEF THAT ALL STUDENTS CAN LEARN AND DESERVE THE OPPORTUNITY TO RECEIVE HIGH-QUALITY EDUCATION, REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND. EQUITY NOW WORKS TO PROVIDE ANY AND ALL RESOURCES THAT FACILITATE STUDENT SUCCESS IN THE CLASSROOM AND BEYOND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMINAH WILLIAMS ANTOINE WILLIAMS DIRECTOR DIRECTOR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LEGENDS IS COMMITTED TO MAINTAINING HIGHLY EFFECTIVE AND HIGHLY QUALIFIED BOARD OF TRUSTEES WITH THE PROPER EXPERIENCE, SKILL SET AND COMMITMENT TO IMPACT EDUCATION. AS NATURAL TRANSITION AND ATTRITION OCCURS IT WILL BE THE RESPONSIBILITY OF THE GOVERNANCE COMMITTEE UNDER THE DIRECTION OF THE BOARD CHAIRMAN TO RECRUIT AND ONBOARD NEW MEMBERS. OUR RECRUITMENT PROCESS WILL INITIALLY SCREEN POTENTIAL BOARD MEMBERS, BASED ON THEIR ANSWERS TO THE INTERESTED BOARD MEMBER CHECKLIST. ONCE POTENTIAL CANDIDATES ARE APPROVED FROM THE INITIAL SCREENING, THEY WILL BE THOROUGHLY EVALUATED IN ACCORDANCE WITH THE OPERATING AGREEMENT TO MATRICULATE THROUGH THE INTERVIEW AND ENGAGEMENT PROCESS AND ASSURE THEY ARE A GOOD FIT FOR THE LEGENDS MISSION. ALL APPOINTMENTS TO THE BOARD SHALL BE FOR A TERM OF FOUR (4) YEARS. NO PERSON SHALL SERVE MORE THAN FOUR (4) CONSECUTIVE TERMS UNLESS A MAJORITY OF THE BOARD, DURING THE COURSE OF A BOARD MEETING AT WHICH A QUORUM IS PRESENT, VOTES TO APPOINT A BOARD MEMBER TO TWO (2) ADDITIONAL YEARS. NO PERSON SHALL SERVE MORE THAN TWENTY (20) CONSECUTIVE YEARS. AFTER SERVING THE MAXIMUM TOTAL NUMBER OF CONSECUTIVE YEARS ON THE BOARD, A MEMBER MAY BE ELIGIBLE FOR RECONSIDERATION AS A BOARD MEMBER AFTER TWO (2) YEARS HAVE PASSED SINCE THE CONCLUSION OF SUCH BOARD MEMBER'S SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE FINANCE MANAGER, WHO THEN SUBMITS FOR REVIEW BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN INDEPENDENT CONTRACTOR SUGGESTED COMPENSATION THROUGH A COMPARATIVE ANALYSIS OF SIMILAR ROLES IN COMPANIES WITHIN THE EDUCATION INDUSTRY. THIS ANALYSIS WAS SUBMITTED TO THE OFFICERS, AND A VOTE DETERMINED FINAL SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AN INDEPENDENT CONTRACTOR SUGGESTED OFFICER COMPENSATION THROUGH A COMPARATIVE ANALYSIS OF SIMILAR ROLES IN COMPANIES WITHIN THE EDUCATION INDUSTRY. THIS ANALYSIS WAS SUBMITTED TO THE OFFICERS, AND A VOTE DETERMINED FINAL SALARIES. .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST, DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTING 60,000 35,000 0 PAYROLL SERVICES 0 2,599 0 OUTSIDE CONTRACT SERVICES 24,000 3,875 0 TOTAL 84,000 41,474 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EQUITY NOW
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LEGENDS CHARTER SCHOOL LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0842228702
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt09700 PHILADELPHIA COURT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0LANHAM
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd020706
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0160921
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0160921
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0231082
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044819
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205204
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0178402
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0178402
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-17481
IRS990/TotalProgramServiceExpensesAmt0205204
IRS990/TotalReportableCompFromOrgAmt073500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231082
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0160921
IRS990/TravelGrp/ProgramServicesAmt02450
IRS990/TravelGrp/TotalAmt02450
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09700 PHILADELPHIA CT
IRS990/USAddress/CityNm0LANHAM
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020706
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTPS://WWW.LEGENDSSCHOOLS.ORG/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHOMARI JAMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07167919139
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EQUITY NOW INC
ReturnHeader/Filer/BusinessNameControlTxt0EQUI
ReturnHeader/Filer/EIN0822008232
ReturnHeader/Filer/PhoneNum07167919139
ReturnHeader/Filer/USAddress/AddressLine1Txt09700 PHILADELPHIA COURT
ReturnHeader/Filer/USAddress/CityNm0LANHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020774
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04A79802B2C5912C14ECFDDA2B8E5A77FDD8FCF4F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04A79802B2C5912C14ECFDDA2B8E5A77FDD8FCF4F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0138.207.174.103
ReturnHeader/FilingSecurityInformation/IPDt02020-11-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:40:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274032675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JBS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 LOG CANOE CIR STE I
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STEVENSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216662106
ReturnHeader/PreparerPersonGrp/PhoneNum04109566902
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J BRIAN STITCHER CPA
ReturnHeader/ReturnTs02020-11-20T14:40:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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