Equal Heart
- Assets
- $4.6m
- Revenue
- $7.9m
- Investments
- $349.3k
- Employees
- 398
- Location
- Dallas, TX
- Founding
- 06/2014
- Data as of
- 08/2023
- EIN
- 46-2846816
Organization Overview
Equal Heart is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2023, Equal Heart employed 398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equal Heart is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Equal Heart generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.9m during the year ending 08/2023. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING PEOPLE IN TIMES OF ADVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AN AMERICORPS PROGRAM THAT PROVIDES STAFF TO ORGANIZATIONS THROUGHOUT THE NATION THAT ARE TACKLING LOCAL COMMUNITY NEEDS.
DELIVER MEALS FREE OF CHARGE TO AT-RISK AFTER-SCHOOL AND SUMMER SITES TOCHILDREN BETWEEN AGES 0-18 YEARS OF AGE. ALSO RAN MOBILE FOOD PANTRY TODELIVER RESCUE FOOD TO LOW-INCOME FAMILIES.
OTHER PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keven Vicknair Treasurer | OfficerTrustee | 30 | $78,933 |
Hunt Palmquist Chairman | OfficerTrustee | 1 | $0 |
Nina Spiegel Secretary | OfficerTrustee | 1 | $0 |
Joe Carreon Member | Trustee | 1 | $0 |
Micheal Barbee Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,178,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,776,552 |
| Noncash contributions included in lines 1a–1f | $4,422,919 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,955,340 |
| Total Program Service Revenue | $0 |
| Investment income | $27,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,949,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,794,371 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,933 |
| Compensation of current officers, directors, key employees. | $17,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,383,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,006 |
| Payroll taxes | $187,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,550 |
| Fees for services: Other | $0 |
| Advertising and promotion | $450 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,485 |
| Travel | $23,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,204 |
| Interest | $12,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,688 |
| Insurance | $43,285 |
| All other expenses | $39,997 |
| Total functional expenses | $7,896,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,699,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $544,647 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $904,478 |
| Investments—publicly traded securities | $1,125,753 |
| Investments—other securities | $349,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,623,927 |
| Accounts payable and accrued expenses | $69,486 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $353,662 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $423,148 |
| Net assets without donor restrictions | $4,200,779 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,623,927 |