Civic Intelligence

Retirement Security Foundation

990 • Fiscal year 2019 • EIN 82-3988188

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

28-07 Jackson Avenue 9th FloorLong Island City, NY 11101

(347) 808-7192

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$242,784

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

97th percentile

161%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,577,962

Up $972,869 (+161%) from 2018

Net Assets

Up

$1,532,331

Up $1,041,172 (+212%) from 2018

Liabilities

Down

$45,631

Down $68,303 (-60%) from 2018

Revenue

Up

$3,952,041

Up $2,112,295 (+115%) from 2018

Expenses

Up

$2,910,869

Up $1,562,282 (+116%) from 2018

Net Income

Up

$1,041,172

Up $550,013 (+112%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $605,093Liabilities 2018: $113,934Net Assets 2018: $491,1592018Assets 2019: $1,577,962Liabilities 2019: $45,631Net Assets 2019: $1,532,3312019Assets 2020: $863,096Liabilities 2020: $46,880Net Assets 2020: $816,2162020Assets 2021: $639,541Liabilities 2021: $14,610Net Assets 2021: $624,9312021Assets 2022: $702,801Liabilities 2022: $19,681Net Assets 2022: $683,1202022Assets 2023: $312,129Liabilities 2023: $43,110Net Assets 2023: $269,0192023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$1,577,962
Liabilities$45,631
Net Assets$1,532,331

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $1,839,746Expenses 2018: $1,348,587Net Income 2018: $491,1592018Revenue 2019: $3,952,041Expenses 2019: $2,910,869Net Income 2019: $1,041,1722019Revenue 2020: $1,260,242Expenses 2020: $1,976,357Net Income 2020: -$716,1152020Revenue 2021: $893,018Expenses 2021: $1,084,303Net Income 2021: -$191,2852021Revenue 2022: $1,106,481Expenses 2022: $1,048,292Net Income 2022: $58,1892022Revenue 2023: $995,217Expenses 2023: $1,409,318Net Income 2023: -$414,1012023Expenses 2024: $30,5902024

Highlighted filing

2019

Revenue$3,952,041
Expenses$2,910,869
Net Income$1,041,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$3,952,041
Mission and Program Overview

Mission

Equable is a non-profit organization that educates and informs employees, retirees, and other stakeholders about how to create real retirement plan sustainability and accountability without sacrificing future income security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,275,547-
Cash and Non-Interest-Bearing Accounts$605,093$288,940▼ $316,153
Prepaid Expenses and Deferred Charges-$13,475-
Total Assets$605,093$1,577,962▲ $972,869
Liabilities
Accounts Payable and Accrued Expenses$113,934$45,631▼ $68,303
Total Liabilities$113,934$45,631▼ $68,303
Net Assets / Fund Balance
Net Assets With Donor Restrictions$491,159$1,526,470▲ $1,035,311
Net Assets Without Donor Restrictions-$5,861-
Total Net Assets Fund Balance$491,159$1,532,331▲ $1,041,172
Total Liabilities and Net Assets / Fund Balance$605,093$1,577,962▲ $972,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony M RandazzoExecutive DirectorFT$224,800$17,984$242,784
Robert HawrylukVP CommunicationsFT$150,000$19,631$169,631
Jonathan W MoodyVP of ResearchFT$142,000$22,363$164,363

Board Members and Trustees

NameTitle
Dan LiljenquistChairman
Josh McGeeDirector
Richard RavitchDirector
Pete ConstantSecretary
Lois ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,929,966
Program Service Revenue
$21,528
Investment Income
$547
Other Revenue
$0
All Other Contributions
$3,929,966
Change in Net Assets
$1,041,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,952,041
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,952,041
Total Revenue per Form 990
$3,952,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,376,572
Salaries, Compensation, and Employee Benefits$850,884
Grants and Similar Amounts Paid$683,413
Total Fundraising Expense$127,642
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$683,413--$683,413
Fees for Services Other$496,255$27,123-$523,378
Other Salaries and Wages$441,583$46,500-$488,083
Current Officers, Directors, Trustees, and Key Employees$242,784--$242,784
Other Employee Benefits$74,384$816-$75,200
Travel$73,144$703-$73,847
Fees for Services Accounting-$60,675-$60,675
Occupancy-$48,121-$48,121
Payroll Taxes$44,817--$44,817
Information Technology-$18,902-$18,902
Office Expenses$8,159$4,049-$12,208
Fees for Services Legal-$11,537-$11,537
Other Expenses$1,615$1,274$127,484$2,889
All Other Expenses-$175$158$333
Total Functional Expenses$2,563,352$219,875$127,642$2,910,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,910,869
Total Expenses per Audited Statements$2,910,869
Total Expenses per Form 990$2,910,869
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bellwether Education PartnersWashington, DC-Grant 001 - To support Bellwether's teacher benefit modeling and technical assistance work as part of the state-specific teams working to achieve retirement system sustainability and affordability, and the capacity for retirement systems to support income security. Grant 007 - To support Bellwether's work in the first of two phases of work on teacher pensions, culminating in a partnership with U.S. News & World Report to create a magazine-style ranking of state-run teacher retirement systems.$216,137
The Reason FoundationWashington, DC-For Reason's project to advance its technical assistance work to support reform efforts in six states.$200,000
The Hunt InstituteDurham, NC-To support The Hunt Institute's Hunt-Kean Leadership Fellows program, which seeks to partner with senior-level political leaders who have the knowledge, skill, and will to be effective, reform-minded education policymakers at the state level.$150,000
New York UniversityNew York, NY-To support NYU's project which will analyze cost and risks of the New York City Teachers' Retirement Sustem under current policies and under potential alternative policies.$60,000
Arizona State UniversityTempe, AZ-For the development of a multimedia platform to engage retirement system stakeholders in a collaborative problem solving process.$51,783
Georgetown UniversityWashington, DC-To develop research related to the effects of public sector unfunded liabilities on compensation of public school employees.$45,000
University of ArkansasFayetteville, AR-For academic research on the understanding and preferences of public school employees related to retirement benefits and compensation.$10,000
Urban InstituteWashington, DC-Repayment$-49,507
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

The Organization does not have any committees to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The 990 was completed in collaboration with the Executive Director, who was authorized by the board President. An approved copy was provided to all board members before filing.

Form 990, Part VI, Section B, line 12

Our policy is that board members are non-compensated individuals. The executive director and operations team ensure that no directors, officers, or other staff at the organization will reap a financial gain from a consulting contract given to an outside organization or other financial transaction with another organization.

Form 990, Part VI, Section B, line 15A

Compensation is determined by the Board of Directors.

Form 990, Part VI, Section C, line 19

The Organization makes its documents available upon request.

Filing and Contact Details

Filer

Filer Name
Equable Institute
EIN
82-3988188
Phone
3478087192
Address
28-07 Jackson Avenue 9th Floor, Long Island City, NY 11101

Signing Officer

Name
Anthony M Randazzo
Title
Executive Director
Phone
3478087192
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony M Randazzo
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Mersereau Lazenby & Rockas LLC
Address
3469 Lawrenceville-Suwanee Rd, Suwanee, GA 30024
Phone
7706146800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Professional fees: Program service expenses 0. Management and general expenses 27,123. Fundraising expenses 0. Total expenses 27,123. Pension Researcher: Program service expenses 44,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,515. Data Analyst: Program service expenses 7,706. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,706. Education Specialist: Program service expenses 231,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 231,000. Digital Project and Content Manager: Program service expenses 4,958. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,958. Graphic Design: Program service expenses 7,752. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,752. Hattaway: Program service expenses 132,676. Management and general expenses 0. Fundraising expenses 0. Total expenses 132,676. Policy Writer: Program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000. Public Relations Support: Program service expenses 31,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,000. Proofreading: Program service expenses 748. Management and general expenses 0. Fundraising expenses 0. Total expenses 748. Rally National Specialist : Program service expenses 25,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,900.

Form 990, Part XII, Line 2C

The Organization has an Audit Oversight Committee consisting of two members of the board. The Organization has not changed either its oversight process or selection process during the tax year.

Financial Statement Notes

Part X, Line 2:

US GAAP requires that uncertain tax positions be recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. At December 31, 2019, management has determined that the Organization had no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Grant 001 - To support Bellwether's teacher benefit modeling and technical assistance work as part of the state-specific teams working to achieve retirement system sustainability and affordability, and the capacity for retirement systems to support income security. Grant 007 - To support Bellwether's work in the first of two phases of work on teacher pensions, culminating in a partnership with U.S. News & World Report to create a magazine-style ranking of state-run teacher retirement systems.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To support NYU's project which will analyze cost and risks of the New York City Teachers' Retirement Sustem under current policies and under potential alternative policies.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2For Reason's project to advance its technical assistance work to support reform efforts in six states.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3To support The Hunt Institute's Hunt-Kean Leadership Fellows program, which seeks to partner with senior-level political leaders who have the knowledge, skill, and will to be effective, reform-minded education policymakers at the state level.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4To develop research related to the effects of public sector unfunded liabilities on compensation of public school employees.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5For the development of a multimedia platform to engage retirement system stakeholders in a collaborative problem solving process.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6For academic research on the understanding and preferences of public school employees related to retirement benefits and compensation.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Repayment
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Bellwether Education Partners
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1New York University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2The Reason Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3The Hunt Institute
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Georgetown University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Arizona State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6University of Arkansas
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Urban Institute
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IRS990ScheduleI/RecipientTable/RecipientEIN1135562308
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42020 Healy Hall 37th and O streets
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5Office for Research and Sponsored
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6416 Adinistration
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