Civic Intelligence

Action4 Equity

990 • Fiscal year 2024 • EIN 83-1583999

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 26, 2025

1922 S Martin Luther King Dr STE 20Winston Salem, NC 27107

(336) 891-0683

Siviq Scores

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

Liabilities / Assets

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Net Margin

79th percentile

29%

Higher net margin than 79% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$104,902

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Asset Growth

85th percentile

89%

Faster asset growth than 85% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

63%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,501,415

Up $707,864 (+89%) from 2023

Net Assets

Up

$1,321,432

Up $740,486 (+127%) from 2023

Liabilities

Down

$179,983

Down $32,622 (-15%) from 2023

Revenue

Up

$2,562,092

Up $992,510 (+63%) from 2023

Expenses

Down

$1,821,606

Down $83,288 (-4.4%) from 2023

Net Income

Up

$740,486

Up $1,075,798 (+321%) from 2023

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 2019: $79,857Liabilities 2019: $0Net Assets 2019: $79,8572019Assets 2020: $0Liabilities 2020: $02020Assets 2021: $256,843Liabilities 2021: $26,591Net Assets 2021: $230,2522021Assets 2022: $1,774,533Liabilities 2022: $304,786Net Assets 2022: $1,469,7472022Assets 2023: $793,551Liabilities 2023: $212,605Net Assets 2023: $580,9462023Assets 2024: $1,501,415Liabilities 2024: $179,983Net Assets 2024: $1,321,4322024

Highlighted filing

2024

Assets$1,501,415
Liabilities$179,983
Net Assets$1,321,432

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $82,227Expenses 2019: $2,370Net Income 2019: $79,8572019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $302,629Expenses 2021: $156,730Net Income 2021: $145,8992021Revenue 2022: $1,391,733Expenses 2022: $705,727Net Income 2022: $686,0062022Revenue 2023: $1,569,582Expenses 2023: $1,904,894Net Income 2023: -$335,3122023Revenue 2024: $2,562,092Expenses 2024: $1,821,606Net Income 2024: $740,4862024

Highlighted filing

2024

Revenue$2,562,092
Expenses$1,821,606
Net Income$740,486
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 26, 2025
Return Version
2023v6.0
Gross Receipts
$2,562,092
Mission and Program Overview

Mission

Advocates for an educational infrastructure that embraces rapid change to address the causes and conditions of racial inequity in our schools

Advocates for an Educational Infrastructure that embraces rapid change to address the causes of racial inequity in our schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$520,951$1,078,960▲ $558,009
Cash and Non-Interest-Bearing Accounts$240,074$281,497▲ $41,423
Land, Buildings, and Equipment, Net$32,526$23,576▼ $8,950
Prepaid Expenses and Deferred Charges-$8,100-
Total Assets$793,551$1,501,415▲ $707,864
Other Assets Total-$109,282-
Liabilities
Other Liabilities-$111,253-
Accounts Payable and Accrued Expenses$212,605$68,730▼ $143,875
Total Liabilities$212,605$179,983▼ $32,622
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$993,436-
Net Assets Without Donor Restrictions$580,946$327,996▼ $252,950
Total Net Assets Fund Balance$580,946$1,321,432▲ $740,486
Total Liabilities and Net Assets / Fund Balance$793,551$1,501,415▲ $707,864

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,576$19,179$42,755
Other Assets Org$109,282--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kellie EastonPresidentFT$93,750$11,152$104,902
Kenneth ReidChief Operating OfficerFT$60,000$9,695$69,695
Rev Paul R FordBoard Advisor-$66,599-$66,599
Dr Willette NashBoard Member-$19,600-$19,600

Board Members and Trustees

NameTitle
Rev Alvin CarlisleBoard Chair
Katie Sonnen-LeeVice Chair
Hayley BlytheBoard Member
Jamarkus SwinsonBoard Member
Jenice RemirezBoard Member
Paula McCoyBoard Member
Emily SchuttSecretary
Dr Monique TaylorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Children's Defense FundWSFS Program Contractor106 Mine Lake Ct Ste 200, Raleigh, NC 27615$150,200
Revenue and Support

Revenue Composition

Contributions and Grants
$2,491,696
Program Service Revenue
$66,240
Investment Income
$91
Other Revenue
$4,065
All Other Contributions
$2,456,696
Change in Net Assets
$740,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,562,092
Revenue Not Reported on Form 990
$243,909
Total Revenue per Audited Statements
$2,806,001
Total Revenue per Form 990
$2,562,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,177,928
Salaries, Compensation, and Employee Benefits$643,678
Total Fundraising Expense$103,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$654,660$34,870$558$690,088
Other Salaries and Wages$275,331$40,878$52,922$369,131
Current Officers, Directors, Trustees, and Key Employees$142,491$21,018$26,965$190,474
Other Expenses$61,622$259-$61,881
Travel$42,637$3,620-$46,257
Fees for Services Accounting$36,531$8,282$153$44,966
Payroll Taxes$33,556$4,972$6,419$44,947
Information Technology$32,080$4,767$6,098$42,945
Other Employee Benefits$26,619$3,956$5,118$35,693
Fees for Services Legal$23,623$5,355$100$29,078
Occupancy$19,505$4,868$3,708$28,081
Insurance$18,494$1,685-$20,179
All Other Expenses$18,368$1,773-$20,141
Office Expenses$15,547$4,328$216$20,091
Depreciation Depletion$6,388$949$1,214$8,551
Advertising$8,200$113-$8,313
Conferences and Meetings$4,904--$4,904
Pension Plan Contributions$2,555$381$497$3,433
Fees for Services Management$2,264$513$10$2,787
Total Functional Expenses$1,574,553$143,075$103,978$1,821,606

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,821,606
Total Expenses per Audited Statements$1,821,606
Total Expenses per Form 990$1,821,606
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$111,253
Right of Use Liability-
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 B, Line 11B

The return is shared with the Treasurer and Executive Committee electronically through email.

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

The policy is monitored by the Executive Committe and if there is any perceived conflict brought to the committee it is voted on by the entire board to determine if there is indeed a conflict of interest.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Action4equity
EIN
83-1583999
Phone
3368910683
Address
1922 S Martin Luther King Dr STE 20, Winston Salem, NC 27107

Signing Officer

Name
Kellie Easton
Title
President CEO
Phone
3368910683
Signed
2025-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kellie Easton
Formed
2019
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
9
Employees
13
Volunteers
20

Preparer

Firm
Outfitters4 Inc
Address
717 Coliseum Dr NW, Winston Salem, NC 27106
Preparer
Brittany Emery
Phone
8889299499
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 65,835, Grants and allocations 0, Revenue 19,500 Other Programs

Form 990, Part IX, Line 11G

Contract Labor-Admin Program service expense 86,409 Management and general expense 796 Fundraising expense 0 Contracted Labor- Policy Program service expense 97,113 Management and general expense 893 Fundraising expense 0 Contracted Labor- Researchers Program service expense 112,389 Management and general expense 1,033 Fundraising expense 0 Contracted Labor - Mentors Program service expense 224,953 Management and general expense 2,068 Fundraising expense 0 Professional Fees Program service expense 131,951 Management and general expense 29,913 Fundraising expense 555 Development Fees Program service expense 688 Management and general expense 156 Fundraising expense 3 Research Incentives Program service expense 1,157 Management and general expense 11 Fundraising expense 0.

Form 990, Part XII, Line 2C

The organization obtained proposals from various CPA Firms in selection of the auditor.

Financial Statement Notes

X 2

The Organization is exempt from Federal income taxes under Section 501c3 of the Internal Revenue Code. The Organization is also exempt from North Carolina taxes and, therefore, has made no provision for Federal or State income taxes. Contributors, donors, and grantors may obtain tax benefits. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509a of the Code. The Organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely tahn not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Organizations funancial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2024. The Organization is subject to routine audits by taxing jurisdictions however, there are currently no audits for any tax periods in progress.

XI 2D

Winston Salem Freedom School program service revenue was overstated on the 2022 Form 990 by 243,909.

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IRS990/MissionDesc0Advocates for an Educational Infrastructure that embraces rapid change to address the causes of racial inequity in our schools.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Winston Salem Freedom School a six- week summer program designed to increase literacy, self-esteem, socio-emotional skills, a love of learning, and civic engagement for children in grades K-12.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Forsyth Family Power Community-engaged participatory research and design for education spaces, Advocacy campaigns to practice community developed theory.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal income taxes under Section 501c3 of the Internal Revenue Code. The Organization is also exempt from North Carolina taxes and, therefore, has made no provision for Federal or State income taxes. Contributors, donors, and grantors may obtain tax benefits. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509a of the Code. The Organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely tahn not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Organizations funancial condition, results of operations, or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2024. The Organization is subject to routine audits by taxing jurisdictions however, there are currently no audits for any tax periods in progress.

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