Equidad Atx Inc
- Assets
- $750.4k
- Revenue
- $268.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-1120340
Organization Overview
Equidad Atx Inc is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Equidad Atx Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equidad Atx Inc 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 12/2023, Equidad Atx Inc generated $268.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $302.1k during the year ending 12/2023. 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
OUR VISION FOR THE EASTERN CRESCENT: THRIVING COMMUNITIES EVERYWHERE. NO BARRIERS. NO BOUNDARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND COMMUNITY WELLNESS - ORGANIZED A TEAM OF NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES TO ADDRESS ONE OF THE MOST SIGNIFICANT, LONG-STANDING DISPARITIES IN THE EASTERN CRESCENT: LIMITED ACCESS TO AFFORDABLE NUTRITIOUS FOOD; HEALTHCARE FACILITIES; FINANCIALSERVICES; RETAIL STORES; PERSONAL SERVICES; RESTAURANTS; PROFESSIONAL SERVICES; CHILDCARE FACILITIES; LIBRARIES; AND MANY OTHER SERVICES AND AMENITIES READILY AVAILABLE IN OTHER PARTS OFAUSTIN. "LIVE WELL VIVE BIEN" IS DESIGNED AND WILL BE IMPLEMENTED TO PROVIDE A MOBILE ECOSYSTEMWHICH WILL PROVIDE AFFORDABLE, NUTRITIOUS FOOD AND ESSENTIAL HOUSEHOLD HOUSEHOLD ITEMS TO THE RESIDENTS OF SEVERAL EASTERN CRESCENT NEIGHBORHOODS.
EDUCATION - COLLABORATED WITH AUSTIN ISD TO DEVELOP A COMMUNITY SCHOOL MODEL IN THE COLONY PARK NEIGHBORHOOD, INCLUDING PROGRAMS TO ADDRESS FOOD INSECURITY, STUDENT ACCESS TO TECHNOLOGY AND AFTER-SCHOOL PROGRAMS; AND WITH CHILD, INC. REGARDING AN EARLY CHILDHOOD LEARNING PROGRAM.
HOUSING - ORGANIZED A COMMUNITY BASED PROGRAM WHICH WILL BE IMPLETMENTED AND PROVIDE A PRESERVATION PLAN INTENDED TO MITIGATE THE THREATENED DISPLACEMENT OF LONG-TIME RESIDENTS OF THE COLONY PARK NEIGHBORHOOD. COLONY PARK HAS BEEN CLASSIFIED AS "MOST VULNERABLE" TO DISPLACEMENT THROUGH GENTRIFICATION IN A CITY OF AUSTIN REPORT PREPARED BY THE UNIVERSITY OF TEXAS AT AUSTIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashton Cumberbatch Jr President And Exec Dir | OfficerTrustee | 30 | $80,000 |
Jay Hailey Secretary | OfficerTrustee | 1 | $0 |
John Sibley Butler Director | Trustee | 1 | $0 |
Michael Gibson Board Chair | OfficerTrustee | 1 | $0 |
Kazique J Prince Director | Trustee | 1 | $0 |
Christopher Rios Director & Exec Cmte | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,005 |
| Total Program Service Revenue | $0 |
| Investment income | $16,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,000 |
| Compensation of current officers, directors, key employees. | $4,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,925 |
| Advertising and promotion | $500 |
| Office expenses | $1,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,500 |
| Travel | $246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,572 |
| All other expenses | $0 |
| Total functional expenses | $302,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $682,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33 |
| 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 | $2,219 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,003 |
| Total assets | $750,381 |
| Accounts payable and accrued expenses | $29,803 |
| Grants payable | $0 |
| Deferred revenue | $473,120 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $502,923 |
| Net assets without donor restrictions | $92,237 |
| Net assets with donor restrictions | $155,221 |
| 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 | $750,381 |