Civic Intelligence

Equiticity

990 • Fiscal year 2025 • EIN 85-3668073

May 01, 2025 to Jun 30, 2025

Organization Profileequiticity.org

View Organization Page

1655 S Blue Island Ave 753Chicago, IL 60608

(773) 916-6264

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$572,596

Down $54,416 (-8.7%) from 2024

Net Assets

Down

$558,890

Down $61,646 (-9.9%) from 2024

Liabilities

Up

$13,706

Up $7,230 (+112%) from 2024

Revenue And Expenses

Revenue

Down

$13,883

Down $949,951 (-99%) from 2024

Expenses

Down

$125,291

Down $2,057,085 (-94%) from 2024

Net Income

Up

-$111,408

Up $1,107,134 (+91%) from 2024

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 2023: $1,848,297Liabilities 2023: $9,219Net Assets 2023: $1,839,0782023Assets 2024: $627,012Liabilities 2024: $6,476Net Assets 2024: $620,5362024Assets 2025: $809,440Liabilities 2025: $139,142Net Assets 2025: $670,2982025Assets 2025: $572,596Liabilities 2025: $13,706Net Assets 2025: $558,8902025

Highlighted filing

2025

Assets$572,596
Liabilities$13,706
Net Assets$558,890
Open 2025 Filing

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2023: $2,609,338Expenses 2023: $770,260Net Income 2023: $1,839,0782023Revenue 2024: $963,834Expenses 2024: $2,182,376Net Income 2024: -$1,218,5422024Revenue 2025: $1,316,941Expenses 2025: $1,267,179Net Income 2025: $49,7622025Revenue 2025: $13,883Expenses 2025: $125,291Net Income 2025: -$111,4082025

Highlighted filing

2025

Revenue$13,883
Expenses$125,291
Net Income-$111,408
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2025 to Jun 30, 2025
Signed
Apr 30, 2026
Return Version
2025v4.1
Gross Receipts
$13,883
Mission and Program Overview

Mission

To operationalize racial equity by harnessing the collective power through research, advocacy, programs, community mobility rituals, and social enterprises to improve the lives of black, brown, and indigenous people in our society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$546,342$406,246▼ $140,096
Savings and Temporary Cash Investments$74,079$74,082▲ $3
Cash and Non-Interest-Bearing Accounts$141,352$36,325▼ $105,027
Prepaid Expenses and Deferred Charges$3,173$11,962▲ $8,789
Land, Buildings, and Equipment, Net$8,980$8,467▼ $513
Total Assets$809,440$572,596▼ $236,844
Other Assets Total$35,514$35,514→ $0
Liabilities
Accounts Payable and Accrued Expenses$139,142$13,706▼ $125,436
Total Liabilities$139,142$13,706▼ $125,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$543,298$558,890▲ $15,592
Net Assets With Donor Restrictions$127,000$0▼ $127,000
Total Net Assets Fund Balance$670,298$558,890▼ $111,408
Total Liabilities and Net Assets / Fund Balance$809,440$572,596▼ $236,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,467$6,910$15,377
Other Assets Org$35,514--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregory RodriguezChair
Olatunji Oboi ReedPresident & CEO
Ben SchulmanDirector
Bryan EcholsDirector
Freddie Fuller lllDirector
Jerome HorneDirector
Robert Bob DeanDirector
Samantha RoxasDirector
Serrater ChampmanDirector
Enjoli DixonSecretary
Nimotalai AzeezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,881
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$13,881
Change in Net Assets
$-111,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,908
Salaries, Compensation, and Employee Benefits$51,383
Total Fundraising Expense$12,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$23,033$23,033$11,516$57,582
Other Salaries and Wages$34,417$8,604-$43,021
Fees for Services Accounting$2,520$2,520$1,260$6,300
Payroll Taxes$3,646$912-$4,558
Other Employee Benefits$2,203$551-$2,754
Travel$1,302--$1,302
Pension Plan Contributions$840$210-$1,050
Conferences and Meetings$609--$609
Insurance$525--$525
Depreciation Depletion$513--$513
Other Expenses$384--$384
Information Technology-$326-$326
All Other Expenses$171--$171
Office Expenses-$26-$26
Total Functional Expenses$76,333$36,182$12,776$125,291
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-President & CEO of EquiticityOboi is a consultant and works for Globalization Partners.No$37,327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 FY25 review process includes internal review and preparation by the CEO/President, Director of Development, Accountant and Operation Manager. After this first pass, the Board Finance Committee (Treasurer and Secretary) reviews 990 before submitting to the full Board for final review and vote at the Board of Directors Meeting.”

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

“Equiticity's Board Liaison is tasked with revisiting the Conflict of Interest statements annually, ensuring each member is compliant with the provided policy statements each year. The Liaison is also tasked with annually inserting into the Board of Directors' meeting agenda a review of the policy to support each board member's awareness and adherence to the policy content.”

Form 990, Part VI, Section B, line 15

“The Board of Directors Policy & Personnel Committee directs/performs the budget review process.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Equiticity
EIN
85-3668073
Phone
7739166264
Address
1655 S Blue Island Ave 753, Chicago, IL 60608

Signing Officer

Name
Olatunji Oboi Reed
Title
President & CEO
Phone
7739166264
Signed
2026-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Olatunji Oboi Reed
Formed
2020
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
13
Employees
5
Volunteers
25

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Contract / Consulting Fees: Program service expenses 20,778. Management and general expenses 20,778. Fundraising expenses 10,389. Total expenses 51,945. Grant Writer: Program service expenses 1,762. Management and general expenses 1,762. Fundraising expenses 881. Total expenses 4,405. Payroll Processing: Program service expenses 493. Management and general expenses 493. Fundraising expenses 246. Total expenses 1,232.”

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0102
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0129
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt013881
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01331681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0963834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02759236
IRS990ScheduleA/Total509Grp/TotalAmt05068632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt013883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01331706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0963834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02759338
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05068761
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt08467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06910
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015377
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt035514
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08467
IRS990ScheduleD/TotalBookValueOtherAssetsAmt035514
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Olatunji Oboi Reed
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President & CEO of Equiticity
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt037327
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Oboi is a consultant and works for Globalization Partners.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The FY25 review process includes internal review and preparation by the CEO/President, Director of Development, Accountant and Operation Manager. After this first pass, the Board Finance Committee (Treasurer and Secretary) reviews 990 before submitting to the full Board for final review and vote at the Board of Directors Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Equiticity's Board Liaison is tasked with revisiting the Conflict of Interest statements annually, ensuring each member is compliant with the provided policy statements each year. The Liaison is also tasked with annually inserting into the Board of Directors' meeting agenda a review of the policy to support each board member's awareness and adherence to the policy content.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors Policy & Personnel Committee directs/performs the budget review process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contract / Consulting Fees: Program service expenses 20,778. Management and general expenses 20,778. Fundraising expenses 10,389. Total expenses 51,945. Grant Writer: Program service expenses 1,762. Management and general expenses 1,762. Fundraising expenses 881. Total expenses 4,405. Payroll Processing: Program service expenses 493. Management and general expenses 493. Fundraising expenses 246. Total expenses 1,232.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
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IRS990/SignificantChangeInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0572596
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013881
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012776
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036182
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076333
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125291
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt013706
IRS990/TotalLiabilitiesGrp/BOYAmt0139142
IRS990/TotalLiabilitiesGrp/EOYAmt013706
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0670298
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0558890
IRS990/TotalProgramServiceExpensesAmt076333
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013883
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0572596
IRS990/TravelGrp/ProgramServicesAmt01302
IRS990/TravelGrp/TotalAmt01302
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01655 S Blue Island Ave 753
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060608
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0equiticity.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$572,596
Liabilities
$13,706
Net assets
$558,890
Revenue
$13,883
Expenses
$125,291
Net income
-$111,408
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.14$0.67$1.32$1.27$0.05
2025Detailed filing. Detailed filing data is available for this year.$0.57$0.01$0.56$0.01$0.13$0.11
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$0.96$2.18$1.22
2023Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.84$2.61$0.77$1.84