Civic Intelligence

Requity Foundation Inc

EIN 84-5001046 • 501(c)3 • Baltimore, MD

Profile

To build character, community and careers by cultivating relevant and transferable interpersonal skills, applying classroom lessons to real-world experiences, and creating pathways to equitable employment and thriving careers for all of our students

20 S Madeira StBaltimore, MD 21231

requity.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.12x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$25,001

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

97th percentile

158%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

385%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$870,316

Up $533,495 (+158%) from 2023

Liabilities

Up

$101,173

Up $100,345 (+12119%) from 2023

Net Assets

Up

$769,143

Up $433,150 (+129%) from 2023

Revenue

Up

$1,116,810

Up $886,612 (+385%) from 2023

Expenses

Up

$699,249

Up $402,297 (+135%) from 2023

Net Income

Up

$417,561

Up $484,315 (+726%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2022: $405,351Liabilities 2022: $3,703Net Assets 2022: $401,6482022Assets 2023: $336,821Liabilities 2023: $828Net Assets 2023: $335,9932023Assets 2024: $870,316Liabilities 2024: $101,173Net Assets 2024: $769,1432024

Highlighted filing

2024

Assets$870,316
Liabilities$101,173
Net Assets$769,143

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2022: $523,291Expenses 2022: $135,842Net Income 2022: $387,4492022Revenue 2023: $230,198Expenses 2023: $296,952Net Income 2023: -$66,7542023Revenue 2024: $1,116,810Expenses 2024: $699,249Net Income 2024: $417,5612024

Highlighted filing

2024

Revenue$1,116,810
Expenses$699,249
Net Income$417,561

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$523,291
Mission and Program Overview

Mission

To break down barriers between vocational education and the workforce by preparing students to pursue their dreams and build the future they imagine.

To build character, community and careers by cultivating relevant and transferable interpersonal skills, applying classroom lessons to real-world experiences, and creating pathways to equitable employment and thriving careers for all of our students

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,199$398,388▲ $384,189
Cash and Non-Interest-Bearing Accounts$14,199$337,615▲ $323,416
Pd in Cap Srpls Land Bldg Eqp Fund-$3,260-
Inventories for Sale or Use-$254-
Total Assets$14,199$405,351▲ $391,152
Other Assets Total-$67,482-
Liabilities
Other Liabilities-$3,703-
Total Liabilities$0$3,703▲ $3,703
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,199$401,648▲ $387,449
Total Liabilities and Net Assets / Fund Balance$14,199$405,351▲ $391,152

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$777--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael RosenbandExecutive DiFT$25,001$25,001

Board Members and Trustees

NameTitle
Amy SheininSecretary
Stanely ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$523,291
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$387,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,722
Salaries, Compensation, and Employee Benefits$31,120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$31,138$37,568-$68,706
Current Officers, Directors, Trustees, and Key Employees-$25,001-$25,001
Insurance-$5,763-$5,763
Office Expenses$14$4,889-$4,903
Advertising$940$3,061-$4,001
Other Salaries and Wages$2,140$1,791-$3,931
All Other Expenses$331$3,366-$3,697
Fees for Services Legal-$2,750-$2,750
Travel-$2,687-$2,687
Payroll Taxes$58$2,130-$2,188
Other Expenses$309$1,343-$1,652
Occupancy-$1,032-$1,032
Total Functional Expenses$36,115$99,727$0$135,842
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
Payroll Liabilities$3,703
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
No
Other officer compensation reviewed
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Requity Foundation Inc
EIN
84-5001046
Address
20 S MADEIRA ST, BALTIMORE, MD 21231

Signing Officer

Name
Michael Rosenband
Title
Executive Director
Signed
2023-11-15

Organization Details

Principal Officer
Michael Rosenband
Formed
2020
Voting Board Members
3
Independent Board Members
3
Employees
3

Preparer

Firm
Fred H Burke CPA LLC
Address
925 FELL ST FL 1, BALTIMORE, MD 21231
Preparer
Fred H Burke CPA
Phone
4105630848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build character, community and careers by cultivating relevant and transferable interpersonal skills, applying classroom lessons to real-world experiences, and creating pathways to equitable employment and thriving careers for all of our students

Form 990, Page 2, Part III, Line 4A

Carver house, requitys signature project, is focused on renovating a vacant rowhouse with high school students into an affordable net-zero home. Partnering with neighboring carver vo-tech high school, carver house aligns project-based learning with the vocation curriculum. By applying classroom lessons to authentic work, students in carpentry, electrical, masonry, interactive media, business, and hvac are trained, equipped, and experienced for construction jobs and career pathways. Our goal is to produce a skilled and employable construction workforce to satisfy the labor need in baltimore. This work is essential because despite learning construction trades and graduating, baltimore city high school students from vocational programs earn far below national averages.

Form 990, Page 2, Part III, Line 4B

Requity was awarded two beautification grants from the united way of central maryland to provide a vibrant neighborhood space for the residents living on 2200 presstman and the students attending carver vocational technical high school. Through landscaping and the installation of solar powered lighting, requity is collaborating with the local community to help improve safety. The energy efficiency of presstman street can be improved through an added tree canopy, which will help regulate heating and cooling. The street offers an opportunity for community driven beautification and clean up, while providing an opportunity for carver students to receive vocational experience. Requity aims to support the community with supplies, installation, and community meetings to keep residents informed and build ongoing, sustainable partnerships. Pleasant presstman is a collaborative effort to give the residents ownership of their neighborhood and have a voice in its development. This partnership provides for organic community engagement, providing residents opportunities for networking and work opportunities.

Form 990, Part IX, Line 11G

Curriculum development 1,850 0 0 contractors 17,813 37,568 0 contractors psa 2 11,475 0 0 total 31,138 37,568 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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IRS990/ProgSrvcAccomActy2Grp/Desc0REQUITY WAS AWARDED TWO BEAUTIFICATION GRANTS FROM THE UNITED WAY OF CENTRAL MARYLAND TO PROVIDE A VIBRANT NEIGHBORHOOD SPACE FOR THE RESIDENTS LIVING ON 2200 PRESSTMAN AND THE STUDENTS ATTENDING CARVER VOCATIONAL TECHNICAL HIGH SCHOOL. THROUGH LANDSCAPING AND THE INSTALLATION OF SOLAR POWERED LIGHTING, REQUITY IS COLLABORATING WITH THE LOCAL COMMUNITY TO HELP IMPROVE SAFETY. THE ENERGY EFFICIENCY OF PRESSTMAN STREET CAN BE IMPROVED THROUGH AN ADDED TREE CANOPY, WHICH WILL HELP REGULATE HEATING AND COOLING. THE STREET OFFERS AN OPPORTUNITY FOR COMMUNITY DRIVEN BEAUTIFICATION AND CLEAN UP, WHILE PROVIDING AN OPPORTUNITY FOR CARVER STUDENTS TO RECEIVE VOCATIONAL EXPERIENCE. REQUITY AIMS TO SUPPORT THE COMMUNITY WITH SUPPLIES, INSTALLATION, AND COMMUNITY MEETINGS TO KEEP RESIDENTS INFORMED AND BUILD ONGOING, SUSTAINABLE PARTNERSHIPS. PLEASANT PRESSTMAN IS A COLLABORATIVE EFFORT TO GIVE THE RESIDENTS OWNERSHIP OF THEIR NEIGHBORHOOD AND HAVE A VOICE IN ITS DEVELOPMENT. THIS PARTNERSHIP PROVIDES FOR ORGANIC COMMUNITY ENGAGEMENT, PROVIDING RESIDENTS OPPORTUNITIES FOR NETWORKING AND WORK OPPORTUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CARVER HOUSE, REQUITYS SIGNATURE PROJECT, IS FOCUSED ON RENOVATING A VACANT ROWHOUSE WITH HIGH SCHOOL STUDENTS INTO AN AFFORDABLE NET-ZERO HOME. PARTNERING WITH NEIGHBORING CARVER VO-TECH HIGH SCHOOL, CARVER HOUSE ALIGNS PROJECT-BASED LEARNING WITH THE VOCATION CURRICULUM. BY APPLYING CLASSROOM LESSONS TO AUTHENTIC WORK, STUDENTS IN CARPENTRY, ELECTRICAL, MASONRY, INTERACTIVE MEDIA, BUSINESS, AND HVAC ARE TRAINED, EQUIPPED, AND EXPERIENCED FOR CONSTRUCTION JOBS AND CAREER PATHWAYS. OUR GOAL IS TO PRODUCE A SKILLED AND EMPLOYABLE CONSTRUCTION WORKFORCE TO SATISFY THE LABOR NEED IN BALTIMORE. THIS WORK IS ESSENTIAL BECAUSE DESPITE LEARNING CONSTRUCTION TRADES AND GRADUATING, BALTIMORE CITY HIGH SCHOOL STUDENTS FROM VOCATIONAL PROGRAMS EARN FAR BELOW NATIONAL AVERAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REQUITY WAS AWARDED TWO BEAUTIFICATION GRANTS FROM THE UNITED WAY OF CENTRAL MARYLAND TO PROVIDE A VIBRANT NEIGHBORHOOD SPACE FOR THE RESIDENTS LIVING ON 2200 PRESSTMAN AND THE STUDENTS ATTENDING CARVER VOCATIONAL TECHNICAL HIGH SCHOOL. THROUGH LANDSCAPING AND THE INSTALLATION OF SOLAR POWERED LIGHTING, REQUITY IS COLLABORATING WITH THE LOCAL COMMUNITY TO HELP IMPROVE SAFETY. THE ENERGY EFFICIENCY OF PRESSTMAN STREET CAN BE IMPROVED THROUGH AN ADDED TREE CANOPY, WHICH WILL HELP REGULATE HEATING AND COOLING. THE STREET OFFERS AN OPPORTUNITY FOR COMMUNITY DRIVEN BEAUTIFICATION AND CLEAN UP, WHILE PROVIDING AN OPPORTUNITY FOR CARVER STUDENTS TO RECEIVE VOCATIONAL EXPERIENCE. REQUITY AIMS TO SUPPORT THE COMMUNITY WITH SUPPLIES, INSTALLATION, AND COMMUNITY MEETINGS TO KEEP RESIDENTS INFORMED AND BUILD ONGOING, SUSTAINABLE PARTNERSHIPS. PLEASANT PRESSTMAN IS A COLLABORATIVE EFFORT TO GIVE THE RESIDENTS OWNERSHIP OF THEIR NEIGHBORHOOD AND HAVE A VOICE IN ITS DEVELOPMENT. THIS PARTNERSHIP PROVIDES FOR ORGANIC COMMUNITY ENGAGEMENT, PROVIDING RESIDENTS OPPORTUNITIES FOR NETWORKING AND WORK OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CURRICULUM DEVELOPMENT 1,850 0 0 CONTRACTORS 17,813 37,568 0 CONTRACTORS PSA 2 11,475 0 0 TOTAL 31,138 37,568 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014199
IRS990/TotalAssetsEOYAmt0405351
IRS990/TotalAssetsGrp/BOYAmt014199
IRS990/TotalAssetsGrp/EOYAmt0405351
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0523291
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099727
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036115
IRS990/TotalFunctionalExpensesGrp/TotalAmt0135842
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03703
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03703
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014199
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0401648
IRS990/TotalProgramServiceExpensesAmt036115
IRS990/TotalReportableCompFromOrgAmt025001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0523291
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014199
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0405351
IRS990/TravelGrp/ManagementAndGeneralAmt02687
IRS990/TravelGrp/TotalAmt02687
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt020 S MADEIRA ST
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021231
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0REQUITY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL ROSENBAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REQUITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0REQU
ReturnHeader/Filer/EIN0845001046
ReturnHeader/Filer/USAddress/AddressLine1Txt020 S MADEIRA ST
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021231
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260612272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRED H BURKE CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0925 FELL ST FL 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021231
ReturnHeader/PreparerPersonGrp/PhoneNum04105630848
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED H BURKE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-18T18:58:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSENBAND
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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