Civic Intelligence

Aequitas Education

990 • Fiscal year 2022 • EIN 83-1080761

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

104 E Aztec AveGallup, NM 87301

(505) 862-9498

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

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

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

13.44x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$7,740,158

Down $232,074 (-2.9%) from 2021

Net Assets

Up

$446,854

Up $219,993 (+97%) from 2021

Liabilities

Down

$7,293,304

Down $452,067 (-5.8%) from 2021

Revenue

Down

$542,741

Down $100,555 (-16%) from 2021

Expenses

Up

$672,748

Up $255,160 (+61%) from 2021

Net Income

Down

-$130,007

Down $355,715 (-158%) from 2021

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$7,740,158
Liabilities$7,293,304
Net Assets$446,854

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$542,741
Expenses$672,748
Net Income-$130,007
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$1,293,067
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$7,723,373$7,729,822▲ $6,449
Accounts Receivable$195,000$0▼ $195,000
Cash and Non-Interest-Bearing Accounts$53,859$10,336▼ $43,523
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,972,232$7,740,158▼ $232,074
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,313,979$7,022,451▼ $291,528
Other Liabilities$350,000$168,000▼ $182,000
Accounts Payable and Accrued Expenses$74,892$102,853▲ $27,961
Deferred Revenue$6,500--
Total Liabilities$7,745,371$7,293,304▼ $452,067
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$226,861$446,854▲ $219,993
Total Net Assets Fund Balance$226,861$446,854▲ $219,993
Total Liabilities and Net Assets / Fund Balance$7,972,232$7,740,158▼ $232,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,656,408$222,187$6,878,595
Land$895,000-$895,000
Equipment$178,414$44,055$222,469
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick T MasonPresident
Michael D ByrneVice President
Shane TerrillSecretary/Tres.
Revenue and Support

Revenue Composition

Contributions and Grants
$33,067
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$509,674
All Other Contributions
$33,067
Change in Net Assets
$-130,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$542,741
Revenue Not Reported on Form 990
$750,326
Total Revenue per Audited Statements
$1,293,067
Total Revenue per Form 990
$542,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$395,004
Other Expenses$277,744
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$395,004--$395,004
Occupancy$271,118--$271,118
Office Expenses-$5,586-$5,586
Fees for Services Other$507--$507
Other Expenses-$333-$333
Travel$200--$200
Total Functional Expenses$666,829$5,919$0$672,748

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,423,074
Expenses Not Reported on Form 990$750,326
Expenses per Audited Statements$672,748
Total Expenses per Form 990$672,748
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fnd for the AnnunciationHulbert, OK501(c)(3)Operation grant$286,061
Hozho AcademyGallup, NM501(c)(3)Operation grant$108,943
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
Grants Payable$168,000
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
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick T Mason
Formed
2017
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15

Preparer

Firm
Moen Accounting DBA Janice Moen CPA
Address
26965 Road N, Cortez, CO 81321
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 $750326

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

Rental expenses netted against revenue $750326

Raw XML AppendixShowing 400 of 430 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt074892
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0102853
IRS990/AccountsReceivableGrp/BOYAmt0195000
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Supporting high-quality education in the liberal arts for all people with classical learning, high expectations, moral character and civic virtue.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt033067
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Patrick T Mason
IRS990/BooksInCareOfDetail/PhoneNum05058629498
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0104 E Aztec Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0Gallup
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd087301
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt053859
IRS990/CashNonInterestBearingGrp/EOYAmt010336
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt033067
IRS990/CYGrantsAndSimilarPaidAmt0395004
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0277744
IRS990/CYOtherRevenueAmt0509674
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-130007
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0672748
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0542741
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt06500
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Supported the continued develop and operation of Hozho Academy Charter School in New Mexico. This school is currently Grades K-9 and serves 715 full time students. Approximately 60% Native American and 15% Hispanic. As part of these efforts, we purchased additional portables and also continued renovation of the permanent facility. Supported other local organizations in the area that are focused on formation of the population in various ways.Supported need-based scholarships for minority students at Sacred Heart Catholic School.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0666829
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0507
IRS990/FeesForServicesOtherGrp/TotalAmt0507
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Patrick T Mason
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael D Byrne
IRS990/Form990PartVIISectionAGrp/PersonNm2Shane Terrill
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Tres.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0395004
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0395004
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0395004
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01293067
IRS990/GrossRentsGrp/RealAmt01260000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0266242
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07723373
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07729822
IRS990/LandBldgEquipCostOrOtherBssAmt07996064
IRS990/LegalDomicileStateCd0NM
IRS990/LessRentalExpensesGrp/RealAmt0750326
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Supporting 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07313979
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07022451
IRS990/NetAssetsOrFundBalancesBOYAmt0226861
IRS990/NetAssetsOrFundBalancesEOYAmt0446854
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0509674
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0509674
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0226861
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0446854
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0271118
IRS990/OccupancyGrp/TotalAmt0271118
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05586
IRS990/OfficeExpensesGrp/TotalAmt05586
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bank fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0333
IRS990/OtherExpensesGrp/TotalAmt0333
IRS990/OtherLiabilitiesGrp/BOYAmt0350000
IRS990/OtherLiabilitiesGrp/EOYAmt0168000
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Patrick T Mason
IRS990/PriorPeriodAdjustmentsAmt0350000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0249681
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0259588
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0158000
IRS990/PYOtherRevenueAmt0393615
IRS990/PYRevenuesLessExpensesAmt0225708
IRS990/PYTotalExpensesAmt0417588
IRS990/PYTotalRevenueAmt0643296
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-130007
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0509674
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt033067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0249681
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0754081
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0400000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01436864
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0509674
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0393615
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0-105062
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt070227
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt075000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0943454
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02380318
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0542741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0643296
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0649019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0470227
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt075035
IRS990ScheduleA/Total509Grp/TotalAmt02380318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0542741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0643296
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0649019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0470227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt075035
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02380318
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/BookValueAmt06656408
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0222187
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06878595
IRS990ScheduleD/EquipmentGrp/BookValueAmt0178414
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044055
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0222469
IRS990ScheduleD/ExpensesNotReportedAmt0750326
IRS990ScheduleD/ExpensesSubtotalAmt0672748
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0895000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0895000
IRS990ScheduleD/OtherExpensesIncludedAmt0750326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0168000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Grants Payable
IRS990ScheduleD/OtherRevenueAmt0750326
IRS990ScheduleD/RevenueNotReportedAmt0750326
IRS990ScheduleD/RevenueSubtotalAmt0542741
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 $750326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expenses netted against revenue $750326
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/TotalBookValueLandBuildingsAmt07729822
IRS990ScheduleD/TotalExpensesPerForm990Amt0672748
IRS990ScheduleD/TotalLiabilityAmt0168000
IRS990ScheduleD/TotalRevenuePerForm990Amt0542741
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01293067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01423074
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0286061
IRS990ScheduleI/RecipientTable/CashGrantAmt1108943
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operation grant
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Operation grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Fnd for the Annunciation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Hozho Academy
IRS990ScheduleI/RecipientTable/RecipientEIN0731539587
IRS990ScheduleI/RecipientTable/RecipientEIN1822871097
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05804 West Monastery Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1306 NM-564
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/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
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/TotalAssetsBOYAmt07972232
IRS990/TotalAssetsEOYAmt07740158
IRS990/TotalAssetsGrp/BOYAmt07972232
IRS990/TotalAssetsGrp/EOYAmt07740158
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt033067
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0666829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0672748
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07745371
IRS990/TotalLiabilitiesEOYAmt07293304
IRS990/TotalLiabilitiesGrp/BOYAmt07745371
IRS990/TotalLiabilitiesGrp/EOYAmt07293304
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0226861
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0446854
IRS990/TotalProgramServiceExpensesAmt0666829
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0509674
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0542741
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07972232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07740158
IRS990/TravelGrp/ProgramServicesAmt0200
IRS990/TravelGrp/TotalAmt0200
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0104 E Aztec Ave
IRS990/USAddress/CityNm0Gallup
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087301
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0https://aequitaseducation.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings