Form 990, Part VI, Section A, Line 2
“The President and CEO and the CTO and Data Compliance Officer are related as cousins.”
EIN 93-1511584 • Houston, TX
Profile
ECIF is a nonprofit organization that was founded in 2023 with a mission to reduce the wealth gap and increase economic mobility for small businesses and entrepreneurs from under-capitalized communities. Through our programming, we are cultivating an environment where individuals and families that reside in under-capitalized communities have access to financial literacy and entrepreneurship training, wealth building resources, innovative solutions and community-driven initiatives that foster financial inclusion and sustainable economic community growth.
Scores are not available for this record yet.
Assets
Up$123,166
Up $123,166 from 2024
Liabilities
Down$0
Down $1,542 (-100%) from 2024
Net Assets
Up$123,166
Up $124,708 (+8087%) from 2024
Revenue
Up$322,053
Up $257,509 (+399%) from 2024
Expenses
Up$198,887
Up $132,771 (+201%) from 2024
Net Income
Up$123,166
Up $124,738 (+7935%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
ECIF is a nonprofit organization that was founded in 2023 with a mission to reduce the wealth gap and increase economic mobility for small businesses and entrepreneurs from under-capitalized communities. Through our programming, we are cultivating an environment where individuals and families that reside in under-capitalized communities have access to financial literacy and entrepreneurship training, wealth building resources, innovative solutions and community-driven initiatives that foster financial inclusion and sustainable economic community growth.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $0 | $123,166 | ▲ $123,166 |
| Total Assets | $0 | $123,166 | ▲ $123,166 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $0 | $123,166 | ▲ $123,166 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $0 | $123,166 | ▲ $123,166 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $123,166 | ▲ $123,166 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Phillip Yates | President and CEO | FT | $4,500 | $4,500 |
| Kodi Bailey | COO and CFO | FT | $3,500 | $3,500 |
| Rachel Howard | CTO and Data Compliance Officer | FT | $2,500 | $2,500 |
| Name | Title |
|---|---|
| Alphonso Anderson | Board of Director |
| Carl Brown Jr | Board of Director |
| Keith Donkor | Board of Director |
| Marlon Jackson | Board of Director |
| Melanie Dukes | Board of Director |
| Paula Rodriguez | Board of Director |
| Reginald Lillie II | Board of Director |
| Regis Devonish | Board of Director |
| Teena Adams | Board of Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $122,137 |
| Grants and Similar Amounts Paid | $66,250 |
| Salaries, Compensation, and Employee Benefits | $10,500 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $66,250 | - | - | $66,250 |
| Fees for Services Other | $44,265 | - | - | $44,265 |
| Conferences and Meetings | $43,122 | - | - | $43,122 |
| Advertising | $15,000 | - | - | $15,000 |
| Occupancy | $12,000 | - | - | $12,000 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $10,500 | - | $10,500 |
| Information Technology | $3,500 | - | - | $3,500 |
| Office Expenses | $3,500 | - | - | $3,500 |
| Insurance | $750 | - | - | $750 |
| Total Functional Expenses | $188,387 | $10,500 | $0 | $198,887 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The President and CEO and the CTO and Data Compliance Officer are related as cousins.”
“The form 990 was sent for review via email.”
“The Equiliberty Community Impact Foundation follows a process to ensure that compensation paid to its President/Chief Executive Officer and any other officers or key employees is reasonable and consistent with industry standards for nonprofit organizations of similar size and mission. The founding executive team does not have a salary, and have been working for the organization without compensation since 2023. in December 2025. The organization did seek approval from the board of directors requesting a bonus for compensation. The board approved this action and the CEO was paid $4,500. The COO was paid $3,500. And the CTO was paid $2,500.”
“Yes, our organizational bylaw are available on the organization website.”
“In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways.Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $66,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond.”
“These line item for expenses include payments to contractors for services, including videographers, photographers, graphic designers, web designers, project managers, publicists, consultants, caterers and program managers.”
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/ActivityOrMissionDesc | 0 | ECIF is a nonprofit organization that was founded in 2023 with a mission to reduce the wealth gap and increase economic mobility for small businesses and entrepreneurs from under-capitalized communities. Through our programming, we are cultivating an environment where individuals and families that reside in under-capitalized communities have access to financial literacy and entrepreneurship training, wealth building resources, innovative solutions and community-driven initiatives that foster financial inclusion and sustainable economic community growth. |
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| IRS990/Desc | 0 | In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways. Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $20,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond. Below is the expenses for BEW 2025. |
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| IRS990/MissionDesc | 0 | ECIF is a nonprofit organization that was founded in 2023 with a mission to reduce the wealth gap and increase economic mobility for small businesses and entrepreneurs from under-capitalized communities. Through our programming, we are cultivating an environment where individuals and families that reside in under-capitalized communities have access to financial literacy and entrepreneurship training, wealth building resources, innovative solutions and community-driven initiatives that foster financial inclusion and sustainable economic community growth. |
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| IRS990/PrincipalOfficerNm | 0 | Phillip Yates |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways. Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $20,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond. Below is the expense report for LEW 2025. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 65137 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 10000 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | This initiative aligns with the Foundation's broader focus on youth development and workforce preparation. In 2025, the organization also began launching its Youth Entrepreneurship and Workforce Development (YEW) initiative, including a pilot program in Alief Independent School District. The program is designed to support students beginning in the ninth grade and continuing through their transition into college and early career stages, with programming intended to assist participants up to approximately age 24 as they enter the workforce. By supporting educational and career development opportunities for young people, the Foundation aims to strengthen pathways to entrepreneurship, workforce participation, and long-term economic mobility. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 46250 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 46250 |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | The organization provides grants to early-stage entrepreneurs in the Houston area who are seeking to start or expand businesses that create jobs and promote economic mobility and generational wealth. Grants are awarded through open pitch competitions and entrepreneurial programming that are available to the general public. Applicants submit information describing their business concept, proposed use of funds, and expected economic impact. Applications are reviewed by an independent panel of volunteer judges with experience in entrepreneurship, finance, and business development. Judges evaluate applicants using established criteria that include business feasibility, growth potential, community impact, and the applicant's ability to effectively deploy the grant funds. In 2025, the organization also served as a fiscal sponsor for one organization that administered grant funding to college student-athletes. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | Our grants require that the grantee be an U.S. citizen or a company that was formed in the U.S. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule I, Part I, Line 2 |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways.Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $66,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The President and CEO and the CTO and Data Compliance Officer are related as cousins. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The form 990 was sent for review via email. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Equiliberty Community Impact Foundation follows a process to ensure that compensation paid to its President/Chief Executive Officer and any other officers or key employees is reasonable and consistent with industry standards for nonprofit organizations of similar size and mission. The founding executive team does not have a salary, and have been working for the organization without compensation since 2023. in December 2025. The organization did seek approval from the board of directors requesting a bonus for compensation. The board approved this action and the CEO was paid $4,500. The COO was paid $3,500. And the CTO was paid $2,500. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Yes, our organizational bylaw are available on the organization website. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | These line item for expenses include payments to contractors for services, including videographers, photographers, graphic designers, web designers, project managers, publicists, consultants, caterers and program managers. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, Line 11g |
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