Civic Intelligence

Aequitas Education

EIN 83-1080761 • 501(c)3 • Gallup, NM

Profile

Supporting high-quality education in the liberal arts for all people.Classical Learning: Proper education does not rely on modern tricks or gimmicks for learning, but rather on the self-discipline of students and the natural joy of learning the True, the Good, and the Beautiful.High Expectations: Proper education is one that upholds a standard of excellence and is based on the truth that students will achieve their best potential when challenged with high expectations.Moral Character: Students educated in a holistic program are more likely to develop a strong moral character and live a life of virtue.Civic Virtue: Students should be taught not only how to excel in academics, but also how to excel in their communities and how to act for the Common Good of all.

104 E Aztec AveGallup, NM 87301

aequitaseducation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.85x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

8.01x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

-0.5%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$8,502,031

Down $38,687 (-0.5%) from 2023

Liabilities

Down

$7,194,983

Down $485,190 (-6.3%) from 2023

Net Assets

Up

$1,307,048

Up $446,503 (+52%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin89th percentile

Revenue

Up

$898,668

Up $179,459 (+25%) from 2023

Expenses

Up

$452,165

Up $146,647 (+48%) from 2023

Net Income

Up

$446,503

Up $32,812 (+7.9%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2019: $886,322Liabilities 2019: $1,107,499Net Assets 2019: -$221,1772019Assets 2020: $7,993,027Liabilities 2020: $7,512,445Net Assets 2020: $480,5822020Assets 2021: $7,972,232Liabilities 2021: $7,745,371Net Assets 2021: $226,8612021Assets 2022: $7,740,158Liabilities 2022: $7,293,304Net Assets 2022: $446,8542022Assets 2023: $8,540,718Liabilities 2023: $7,680,173Net Assets 2023: $860,5452023Assets 2024: $8,502,031Liabilities 2024: $7,194,983Net Assets 2024: $1,307,0482024

Highlighted filing

2024

Assets$8,502,031
Liabilities$7,194,983
Net Assets$1,307,048
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $470,227Expenses 2019: $419,165Net Income 2019: $51,0622019Revenue 2020: $1,397,741Expenses 2020: $695,982Net Income 2020: $701,7592020Revenue 2021: $643,296Expenses 2021: $417,588Net Income 2021: $225,7082021Revenue 2022: $542,741Expenses 2022: $672,748Net Income 2022: -$130,0072022Revenue 2023: $719,209Expenses 2023: $305,518Net Income 2023: $413,6912023Revenue 2024: $898,668Expenses 2024: $452,165Net Income 2024: $446,5032024

Highlighted filing

2024

Revenue$898,668
Expenses$452,165
Net Income$446,503
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,502,031
Liabilities
$7,194,983
Net assets
$1,307,048
Revenue
$898,668
Expenses
$452,165
Net income
$446,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.50$7.19$1.31$0.90$0.45$0.45
2023Detailed filing. Detailed filing data is available for this year.$8.54$7.68$0.86$0.72$0.31$0.41
2022Detailed filing. Detailed filing data is available for this year.$7.74$7.29$0.45$0.54$0.67$0.13
2021Detailed filing. Detailed filing data is available for this year.$7.97$7.75$0.23$0.64$0.42$0.23
2020Detailed filing. Detailed filing data is available for this year.$7.99$7.51$0.48$1.40$0.70$0.70
2019Detailed filing. Detailed filing data is available for this year.$0.89$1.11$0.22$0.47$0.42$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,679,898
Mission and Program Overview

Mission

Supporting high-quality education in the liberal arts for all people.Classical Learning: Proper education does not rely on modern tricks or gimmicks for learning, but rather on the self-discipline of students and the natural joy of learning the True, the Good, and the Beautiful.High Expectations: Proper education is one that upholds a standard of excellence and is based on the truth that students will achieve their best potential when challenged with high expectations.Moral Character: Students educated in a holistic program are more likely to develop a strong moral character and live a life of virtue.Civic Virtue: Students should be taught not only how to excel in academics, but also how to excel in their communities and how to act for the Common Good of all.

Supporting high-quality education in the liberal arts for all people with classical learning, high expectations, moral character and civic virtue.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,603,407$7,439,669▼ $163,738
Accounts Receivable$210,579$397,495▲ $186,916
Cash and Non-Interest-Bearing Accounts$7,268$92,714▲ $85,446
Prepaid Expenses and Deferred Charges-$20,931-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,540,718$8,502,031▼ $38,687
Other Assets Total$719,464$551,222▼ $168,242
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,817,890$6,370,112▼ $447,778
Other Liabilities$738,212$593,173▼ $145,039
Accounts Payable and Accrued Expenses$47,071$120,698▲ $73,627
Grants Payable$77,000$111,000▲ $34,000
Total Liabilities$7,680,173$7,194,983▼ $485,190
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$860,545$1,307,048▲ $446,503
Total Net Assets Fund Balance$860,545$1,307,048▲ $446,503
Total Liabilities and Net Assets / Fund Balance$8,540,718$8,502,031▼ $38,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,324,409$567,694$6,892,103
Land$895,000-$895,000
Equipment$220,260$73,716$293,976
Other Assets Org$551,222--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Patrick T MasonPresident
Joshua MontagniniVice President
Lance TannerDirector
Shane TerrillSecretary/Tres.
Revenue and Support

Revenue Composition

Contributions and Grants
$251,898
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$646,770
All Other Contributions
$251,898
Change in Net Assets
$446,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$898,668
Revenue Not Reported on Form 990
$781,230
Total Revenue per Audited Statements
$1,679,898
Total Revenue per Form 990
$898,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,715
Grants and Similar Amounts Paid$138,450
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$214,458--$214,458
Grants to Domestic Orgs$138,450--$138,450
Fees for Services Accounting-$57,924-$57,924
Fees for Services Other$16,500--$16,500
Information Technology$5,936--$5,936
Office Expenses-$5,851-$5,851
Other Expenses$5,000$1,710-$1,710
Total Functional Expenses$386,680$65,485$0$452,165

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,233,395
Expenses Not Reported on Form 990$781,230
Expenses per Audited Statements$452,165
Total Expenses per Form 990$452,165
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fnd for the AnnunciationHulbert, OK-Operation grant$84,000
Sacred Heart CathedralGallup, NM-Operation grant$36,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use liability$593,173
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
No
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 2

“Shane Terrill is Brother-In Law of Patrick Mason.”

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

“The organization provides a copy of this Form 990 to all members of its governing body before filing with IRS.”

Form 990, Part VI, Section B, Line 12C

“Aequitas Education has a conflict of interest policy which includes having all new board members sign an acknowledgement they have read and understood the policy. All board members are required annually and in writing to disclose all businesses or other organizations of which they receive compensation or remuneration of any sort, with which Aequitas Education competes or with which Aequitas Education has, or might reasonably in the future enter into, a relationship or a transaction. Aequitas Education also has a policy directing the Board Chair and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.”

Filing and Contact Details

Filer

Filer Name
Aequitas Education
EIN
83-1080761
Phone
5058629498
Address
104 E Aztec Ave, Gallup, NM 87301

Signing Officer

Name
Patrick T Mason
Title
President
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick T Mason
Formed
2017
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
10

Preparer

Firm
Janice Moen CPA
Address
12 Vista Drive, Hooksett, NH 03106
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Aequitas Education is a not-for-profit organization that is exempt from federal and New Mexico income taxes under Section 501(c)(3) of the Internal Revenue Code. Aequitas Education is also exempt from paying gross receipt tax on the purchase of tangible personal property, real estate, and personal property taxes to the State of New Mexico.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Rental expenses netted against revenue $781230”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental expenses netted against revenue $781230”

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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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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020931
IRS990/PrincipalOfficerNm0Patrick T Mason
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05045
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0305518
IRS990/PYOtherRevenueAmt0714164
IRS990/PYRevenuesLessExpensesAmt0413691
IRS990/PYTotalExpensesAmt0305518
IRS990/PYTotalRevenueAmt0719209
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0446503
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0646770
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0251898
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05045
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0249681
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0754081
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01293772
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0646770
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0714164
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0509674
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0393615
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0-105062
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt02159161
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03452933
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0898668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0719209
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0542741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0643296
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0649019
IRS990ScheduleA/Total509Grp/TotalAmt03452933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0898668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0719209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0542741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0643296
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0649019
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03452933
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt06324409
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0567694
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06892103
IRS990ScheduleD/EquipmentGrp/BookValueAmt0220260
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0293976
IRS990ScheduleD/ExpensesNotReportedAmt0781230
IRS990ScheduleD/ExpensesSubtotalAmt0452165
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0895000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0895000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0551222
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right-of-use Asset
IRS990ScheduleD/OtherExpensesIncludedAmt0781230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0593173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Right-of-use liability
IRS990ScheduleD/OtherRevenueAmt0781230
IRS990ScheduleD/RevenueNotReportedAmt0781230
IRS990ScheduleD/RevenueSubtotalAmt0898668
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Aequitas Education is a not-for-profit organization that is exempt from federal and New Mexico income taxes under Section 501(c)(3) of the Internal Revenue Code. Aequitas Education is also exempt from paying gross receipt tax on the purchase of tangible personal property, real estate, and personal property taxes to the State of New Mexico.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses netted against revenue $781230
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expenses netted against revenue $781230
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07439669
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0551222
IRS990ScheduleD/TotalExpensesPerForm990Amt0452165
IRS990ScheduleD/TotalLiabilityAmt0593173
IRS990ScheduleD/TotalRevenuePerForm990Amt0898668
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01679898
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01233395
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt084000
IRS990ScheduleI/RecipientTable/CashGrantAmt136000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operation grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Operation grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Fnd for the Annunciation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Sacred Heart Cathedral
IRS990ScheduleI/RecipientTable/RecipientEIN0731539587
IRS990ScheduleI/RecipientTable/RecipientEIN1850126520
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05804 West Monastery Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1415 E Green St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Hulbert
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Gallup
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NM
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd074441
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd187301
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Aequita Education monitors larger grants by reviewing the grantees monthly budget as well as attending the grantee's finance committee meetings. We also require a detailed list of expenditures. Aequita Education monitors smaller or onetime grants by requiring the organization to provide reports on expenditure of funds with documentation. We also check in on programs in person to see that the grantee is utilizing the funds properly.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Shane Terrill is Brother-In Law of Patrick Mason.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization provides a copy of this Form 990 to all members of its governing body before filing with IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Aequitas Education has a conflict of interest policy which includes having all new board members sign an acknowledgement they have read and understood the policy. All board members are required annually and in writing to disclose all businesses or other organizations of which they receive compensation or remuneration of any sort, with which Aequitas Education competes or with which Aequitas Education has, or might reasonably in the future enter into, a relationship or a transaction. Aequitas Education also has a policy directing the Board Chair and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08540718
IRS990/TotalAssetsEOYAmt08502031
IRS990/TotalAssetsGrp/BOYAmt08540718
IRS990/TotalAssetsGrp/EOYAmt08502031
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0251898
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0386680
IRS990/TotalFunctionalExpensesGrp/TotalAmt0452165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07680173
IRS990/TotalLiabilitiesEOYAmt07194983
IRS990/TotalLiabilitiesGrp/BOYAmt07680173
IRS990/TotalLiabilitiesGrp/EOYAmt07194983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0860545
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01307048
IRS990/TotalProgramServiceExpensesAmt0386680
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0646770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0898668
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08540718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08502031

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