Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Equity Research Group Inc
EIN 85-1395887 • 501(c)3 • Atlanta, GA
Profile
Providingeducationalservicesforteens,childrenandadults.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.17x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 8.9% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
35th percentile
Faster revenue growth than 35% of similar nonprofits.
Balance Sheet
Assets
Up$6,877
Up $6,303 (+1098%) from 2020
Liabilities
Down$8,057
Down $53,727 (-87%) from 2020
Net Assets
Up-$1,180
Up $60,030 (+98%) from 2020
Revenue
Down$114,250
Down $20,170 (-15%) from 2020
Expenses
Down$54,220
Down $141,410 (-72%) from 2020
Net Income
Up$60,030
Up $121,240 (+198%) from 2020
Trend Graphs
Filings
Most recent year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $6,877
- Liabilities
- $8,057
- Net assets
- -$1,180
- Revenue
- $114,250
- Expenses
- $54,220
- Net income
- $60,030
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 15, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $114,250
Mission and Program Overview
Mission
Providingeducationalservicesforteens,childrenandadults.
The primary exempt purpose of Equity Research Group Inc is to engage stakeholders to implement equitable practices that promote positive educational outcomes for children teens and adults.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The first program service accomplishment was to implement the recruitment strategy to attract students to participate in the rocketry program by enhancing the company's website to include content specific to the rocketry challenge online application and payment options. Staff were present at four rocketry launch sessions in the Atlanta area to recruit participants. Recruitment efforts were enhanced by offering an option to register using QR codes that linked to the application website and payment site. Potential participants 25 per session benefited from the streamlined option for registration. | $0 | $14,081 |
| The third accomplishment was to develop and submit additional grant proposals to potential funders of STEM educational services. Grant funding will benefit participants so Equity Research Group will have the funds to continue its work. Grant funding will allow the company to offer programming for little or no cost to the families of participants. | $0 | $12,941 |
| The second program service accomplishment was to develop and implement fundraising strategies to attract donors. A fundraising events calendar was developed to include STEM-related events throughout the year. The company's social media presence was enhanced with dedicated social media accounts on Facebook Twitter and Instagram. Donors will become aware of specific events that fit with funding objectives. Participants will benefit through sponsorship from donors to cover some or all of the cost of learning materials supplies transportation and registration for participants resulting in lower out-of-pocket costs for the algebra rocketry and robotics programs. | $0 | $3,211 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Joy Mordica | Chief Executive Officer | PT | $10,170 | - | $10,170 |
| Frank Mordica | Chief Strategy Officer | PT | $8,550 | - | $8,550 |
| Fazal Imitaz | Chief Technology Officer | PT | $3,616 | - | $3,616 |
| Joy Johnson | Secretary | - | $0 | - | - |
| Oconnor Pace | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Equity Research Group Inc
- EIN
- 85-1395887
- In Care Of
- % Joy Mordica
- Address
- P O Box 467381, Atlanta, GA 31146
Signing Officer
- Name
- Joyce Mordica
- Title
- CEO
- Signed
- 2022-11-15
- Discuss with paid preparer
- No
Supplemental Narrative
Additional Explanations
Part I, line 16
“| Other Expenses:, Amount:| Transportation Marketing materials, $395.00| Intuit Payroll Platform, $920.00| Banking Service Charges, $185.00| Edweek Publication, $35.00| General Office Expense: Adobe Google FormSwift, $1284.00| Expense Payment in Arrears, $14038.00|”
Part II, line 24
“| Asset Name:, BOY Amount:, EOY Amount:| Equipment: Computer Printer, $1154, $1154| Inventory, 0, $520|”
Part II, line 26
“| Liabilities Name:, BOY Amount:, EOY Amount:| Stockholder's Equity, $1728, $6877| Beginning balance deficit, $61210, $1180|”
Raw XML Appendix157 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Joyce Mordica |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6785955397 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3411 DURDEN DR NE |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | UNIT 9301 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Brookhaveb |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 303192258 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 574 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 5203 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 114250 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 60030 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2850 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 1728 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 6877 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 114250 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -61210 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -1180 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -61210 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -1180 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6850 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 30 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 23 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 10170 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 8550 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 3616 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Joy Mordica |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Frank Mordica |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Fazal Imitaz |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Joy Johnson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Oconnor Pace |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chief Executive Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Chief Strategy Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Chief Technology Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Trustee |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1154 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1674 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16857 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The primary exempt purpose of Equity Research Group Inc is to engage stakeholders to implement equitable practices that promote positive educational outcomes for children teens and adults. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 274 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The first program service accomplishment was to implement the recruitment strategy to attract students to participate in the rocketry program by enhancing the company's website to include content specific to the rocketry challenge online application and payment options. Staff were present at four rocketry launch sessions in the Atlanta area to recruit participants. Recruitment efforts were enhanced by offering an option to register using QR codes that linked to the application website and payment site. Potential participants 25 per session benefited from the streamlined option for registration. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | The second program service accomplishment was to develop and implement fundraising strategies to attract donors. A fundraising events calendar was developed to include STEM-related events throughout the year. The company's social media presence was enhanced with dedicated social media accounts on Facebook Twitter and Instagram. Donors will become aware of specific events that fit with funding objectives. Participants will benefit through sponsorship from donors to cover some or all of the cost of learning materials supplies transportation and registration for participants resulting in lower out-of-pocket costs for the algebra rocketry and robotics programs. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | The third accomplishment was to develop and submit additional grant proposals to potential funders of STEM educational services. Grant funding will benefit participants so Equity Research Group will have the funds to continue its work. Grant funding will allow the company to offer programming for little or no cost to the families of participants. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 14081 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 3211 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 12941 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 27389 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | GA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 62938 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 8057 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 54220 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 30233 |
| IRS990EZ/TotalRevenueAmt | 0 | 114250 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.equityresearchgroup.org |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 12800 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 12800 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 12800 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 12800 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 12800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 12800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 12800 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Other Expenses:, Amount:| Transportation Marketing materials, $395.00| Intuit Payroll Platform, $920.00| Banking Service Charges, $185.00| Edweek Publication, $35.00| General Office Expense: Adobe Google FormSwift, $1284.00| Expense Payment in Arrears, $14038.00| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Asset Name:, BOY Amount:, EOY Amount:| Equipment: Computer Printer, $1154, $1154| Inventory, 0, $520| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | | Liabilities Name:, BOY Amount:, EOY Amount:| Stockholder's Equity, $1728, $6877| Beginning balance deficit, $61210, $1180| |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part II, line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part II, line 26 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Joyce Mordica |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | EQUITY RESEARCH GROUP INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | EQUI |
| ReturnHeader/Filer/EIN | 0 | 851395887 |
| ReturnHeader/Filer/ForeignPhoneNum | 0 | 6785955397 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Joy Mordica |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O Box 467381 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Atlanta |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 31146 |
| ReturnHeader/ReturnTs | 0 | 2022-11-15T03:11:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.