Civic Intelligence

Education Equity Fund Nfp

990 • Fiscal year 2022 • EIN 85-1138259

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization ProfileWWW.EDEQUITYFUND.ORG
430 West Webster Avenue Unit AChicago, IL 60614

(773) 902-8248

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.91x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

13.16x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

55th percentile

9.1%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

84th percentile

41%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-26%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$597,759

Up $173,222 (+41%) from 2021

Net Assets

Down

$50,836

Down $2,278 (-4.3%) from 2021

Liabilities

Up

$546,923

Up $175,500 (+47%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin55th percentile

Revenue

Down

$41,564

Down $14,982 (-26%) from 2021

Expenses

Up

$37,772

Up $28,124 (+292%) from 2021

Net Income

Down

$3,792

Down $43,106 (-92%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$600K$400K$200K$0Assets 2021: $424,537Liabilities 2021: $371,423Net Assets 2021: $53,1142021Assets 2022: $597,759Liabilities 2022: $546,923Net Assets 2022: $50,8362022Assets 2023: $511,033Liabilities 2023: $486,574Net Assets 2023: $24,4592023Assets 2024: $443,852Liabilities 2024: $434,361Net Assets 2024: $9,4912024

Highlighted filing

2022

Assets$597,759
Liabilities$546,923
Net Assets$50,836
Open 2022 Filing

Operations Trend

Revenue Growth15th percentile

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

$60K$40K$20K$0-$20KRevenue 2021: $56,546Expenses 2021: $9,648Net Income 2021: $46,8982021Revenue 2022: $41,564Expenses 2022: $37,772Net Income 2022: $3,7922022Revenue 2023: $54,491Expenses 2023: $45,936Net Income 2023: $8,5552023Revenue 2024: $25,830Expenses 2024: $39,825Net Income 2024: -$13,9952024

Highlighted filing

2022

Revenue$41,564
Expenses$37,772
Net Income$3,792
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$41,564
Mission and Program Overview

Mission

Mission is meeting critical labor market needs and expanding equitable opportunities for people of color and low-income/first generation students. Education equity fund expands post-secondary educational opportunities and supports success in high-quality career-preparation programs. The goal of eef is to enable students to pursue a chosen career path in a high-need profession. Initially eef supports a diverse group of high-potential, lower-income and first-generation candidates who require financial assistance so they may enroll in and complete excellent training and degree programs in preparation for success as k-12 educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,157$4,569▼ $6,588
Investments in Publicly Traded Securities$0$3,893▲ $3,893
Total Assets$424,537$597,759▲ $173,222
Other Assets Total$413,380$589,297▲ $175,917
Liabilities
Mortgage Notes Payable Secured by Investment Property$371,423$546,923▲ $175,500
Total Liabilities$371,423$546,923▲ $175,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,114$50,836▼ $2,278
Total Net Assets Fund Balance$53,114$50,836▼ $2,278
Total Liabilities and Net Assets / Fund Balance$424,537$597,759▲ $173,222

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$589,297--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Anne LadkyBoard Chair
Andy DavisPresident
Ashley ClarkBoard Member
Dr Efrain MartinezBoard Member
Jill CannonBoard Member
Stratford ShieldsBoard Member
Julia DavisSecretary
Christian FeamanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,550
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
All Other Contributions
$41,550
Change in Net Assets
$3,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,772
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$17,985--$17,985
Fees for Services Accounting-$12,277-$12,277
Office Expenses-$1,395-$1,395
Grants to Domestic Orgs$1,000--$1,000
Other Expenses-$268-$268
Travel-$210-$210
Conferences and Meetings-$100-$100
Information Technology-$76-$76
Total Functional Expenses$18,985$18,787$0$37,772
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
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 president, the board treasurer and the board chair review and approve the preparation and filing of the 990. The return is then provided to all voting board members after filing.”

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

“The conflict of interest and disclosure policy is distributed to the board members for review. The board members will determine if a conflict of interest exist after considering all the material facts disclosed for the potential conflict of interest.”

Form 990, Part VI, Section C, Line 18

“The organization's 990 is available to those who make inquiry will make it available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy and financial statement available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Education Equity Fund Nfp
EIN
85-1138259
Phone
7739028248
Address
430 WEST WEBSTER AVENUE UNIT A, CHICAGO, IL 60614

Signing Officer

Name
Andrew Davis
Title
President
Phone
7739028248
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Davis
Formed
2020
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1051 PERIMETER DR 9TH FLOOR, SCHAUMBURG, IL 60173
Preparer
Chad Porter
Phone
8472401040
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT, THE BOARD TREASURER AND THE BOARD CHAIR REVIEW AND APPROVE THE PREPARATION AND FILING OF THE 990. THE RETURN IS THEN PROVIDED TO ALL VOTING BOARD MEMBERS AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST AND DISCLOSURE POLICY IS DISTRIBUTED TO THE BOARD MEMBERS FOR REVIEW. THE BOARD MEMBERS WILL DETERMINE IF A CONFLICT OF INTEREST EXIST AFTER CONSIDERING ALL THE MATERIAL FACTS DISCLOSED FOR THE POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 IS AVAILABLE TO THOSE WHO MAKE INQUIRY WILL MAKE IT AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018787
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018985
IRS990/TotalFunctionalExpensesGrp/TotalAmt037772
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0546923
IRS990/TotalLiabilitiesGrp/BOYAmt0371423
IRS990/TotalLiabilitiesGrp/EOYAmt0546923
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt053114
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050836
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041564
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0424537
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0597759
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0210
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07739028248
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATION EQUITY FUND NFP
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0851138259
ReturnHeader/Filer/PhoneNum07739028248
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCHAUMBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060173
ReturnHeader/PreparerPersonGrp/PhoneNum08472401040
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHAD PORTER
ReturnHeader/ReturnTs02023-05-12T08:44:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$597,759
Liabilities
$546,923
Net assets
$50,836
Revenue
$41,564
Expenses
$37,772
Net income
$3,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.44$4.34$0.09$0.26$0.40$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$4.87$0.24$0.54$0.46$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.98$5.47$0.51$0.42$0.38$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.25$3.71$0.53$0.57$0.10$0.47