Equity Arc is located in Cininnati, OH. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity Arc 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, Equity Arc generated $647.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 73.4% each year . All expenses for the organization totaled $295.7k during the year ending 08/2023. While expenses have increased by 51.9% per year over the past 2 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
EQUITY ARC IS A COALITION CHARGED BY ITS DIVERSE MEMBERSHIP OF LOCAL AND NATIONAL ORGANIZATIONS TO ALIGN, PROMOTE, AND DEVELOP EQUITABLE OPPORTUNITIES FOR ASPIRING CLASSICAL MUSICIANS FROM UNDERREPRESENTED ETHNICITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL PATHWAYS FESTIVAL AND CONVENING: THE EQUITY ARC NATIONAL PATHWAYS FESTIVAL AND CONVENING BROUGHT 40 PRECOLLEGE FELLOWS FROM 11 PATHWAYS PROGRAMS ACROSS THE COUNTRY TO CINCINNATI FOR A MULTIDAY MUSICAL EXPERIENCE THAT INCLUDED MOCK AUDITIONS WITH COLLEGIATE FACULTY, REHEARSALS LED BY AIK KHAI PUNG AND KEVIN JOHN EDUSEI, AND A CULMINATING SIDE-BY-SIDE PERFORMANCE OF BRIAN RAPHAEL NABORS' PULSE AND DVORAK SYMPHONY 9 WITH THE CINCINNATI SYMPHONY ORCHESTRA. IN ADDITION TO THESE INVALUABLE LEARNING OPPORTUNITIES, FELLOWS PARTICIPATED IN PANEL DISCUSSIONS, SHARING THEIR PERSPECTIVES WITH THE FIELD. 125 ADMINISTRATORS AND SUPPORTERS JOINED THE CONCURRENT CONVENING SESSIONS, TAKING PART IN STRATEGIC CONVERSATIONS ABOUT COLLABORATIVE ACTION TO BUILD EQUITY IN THE FIELD. THIS ANNUAL EXPERIENCE WILL CONTINUE TO STRENGTHEN OUR COALITION.
COMMON APPLICATION FOR SUMMER STUDY: THE COMMON APPLICATION FOR SUMMER STUDY IS A FREE RESOURCE FOR MUSICIANS OF COLOR TO APPLY TO MULTIPLE SUMMER MUSIC FESTIVALS WITH ONE APPLICATION AND ONE AUDITION. IN FY23, EQUITY ARC WORKED WITH 15 PARTNERING PROGRAMS TO REFINE AND PRESENT THE COMMON APPLICATION '23, ULTIMATELY SERVING 156 INDIVIDUAL APPLICANTS WHO RECEIVED OVER $260K COLLECTIVELY IN SUPPORT TO ATTEND THEIR SUMMER PROGRAM OF CHOICE. A VIRTUAL SUMMER STUDY FAIR AND SHARED EXCERPT LIST WERE IMPROVEMENTS TO THIS SEASON. EQUITY ARC PAID THE APPLICATION FEES FOR ALL ELIGIBLE APPLICANTS, AND EACH PARTNER RENEWED THEIR COMMITMENT TO PROVIDING AT LEAST ONE FULL TUITION SCHOLARSHIP TO AN EQUITY ARC FELLOW.
MEMBER SERVICES: INCREASING AND IMPROVING THE SERVICES PROVIDED TO MEMBERS WAS A STRATEGIC PRIORITY FOR THIS PAST SEASON. KEY PROJECTS INCLUDED LAUNCHING A VIRTUAL EVENT SERIES FOR MEMBERS, REFINING OUR ORGANIZATIONAL IDENTITY, AND INVESTING IN A ROBUST WEBSITE TO CREATE MORE ONLINE RESOURCES AND ENGAGEMENT OPPORTUNITIES FOR MEMBERS. EQUITY ARC IS ALSO DEVELOPING AND SOFT-LAUNCHING CONSULTING SERVICES FOR MEMBER ORGANIZATIONS, SUCH AS EDI GUIDANCE AND ADVISING ON EQUITABLE PRACTICES FOR EXISTING ORGANIZATIONS.
NATIONAL COLLECTIVE FOR MUSICAL PATHWAYS: IN FALL OF 2022, EQUITY ARC LAUNCHED THE NATIONAL COLLECTIVE FOR MUSICAL PATHWAYS, AN ALLIANCE OF RIGOROUS PRECOLLEGE MUSIC TRAINING PROGRAMS COMMITTED TO REMOVING BARRIERS AND ACCELERATING THE PROGRESS OF BIPOC MUSICIANS. THIS WAS A CULMINATION OF ROUNDTABLE CONVERSATIONS AT THE 2022 YOUTH IN MUSIC FESTIVAL AND SUMMIT IN CHICAGO. THE COLLECTIVE BEGAN WITH 12 PROGRAMS, SOME THAT HAVE BEEN OPERATING FOR OVER 30 YEARS AND OTHERS THAT WERE ESTABLISHED WITHIN THE PAST YEAR. THIS DIVERSE GROUP OF PROGRAMS ACROSS THE NATION CREATES OPPORTUNITIES TO SHARE INSIGHTS, LEARN FROM EACH OTHER, AND DEVELOP COLLECTIVE INITIATIVES TO ADVANCE EQUITY IN CLASSICAL MUSIC. THE INCREASED VISIBILITY OF THE COLLECTIVE HAS GIVEN NEWLY ESTABLISHED AND PREEXISTING PATHWAYS PROGRAMS A PLACE TO FIND GUIDANCE AND HAS ATTRACTED MAJOR FUNDING OPPORTUNITIES. EQUITY ARC PROVIDES CONSULTING SERVICES TO MEMBERS OF THE COLLECTIVE FOR PURPOSES INCLUDING EVENTS DESIGN AND DEVELOPING STRATEGIC GOALS. EQUITY ARC STAFF PROVIDE CONSULTATION AND EXTERNAL CONSULTANTS ARE ENGAGED AS NEEDED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stanford Thompson Exec Dir 5/1/23, Chair To 4/30/23 | OfficerTrustee | 1 | $0 |
Charles Grode Co-Chair | OfficerTrustee | 1 | $0 |
Jeffery Tribble Jr Co-Chair | OfficerTrustee | 1 | $0 |
Jonathan Martin Vice-Chair | OfficerTrustee | 1 | $0 |
Emily Liao Master Treasurer | OfficerTrustee | 1 | $0 |
Anjoli Ferrara-Clayton Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $60,645 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $566,918 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $627,563 |
Total Program Service Revenue | $19,500 |
Investment income | $0 |
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 | $647,423 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $154,615 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,170 |
Payroll taxes | $11,442 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,487 |
Fees for services: Accounting | $2,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $20,038 |
Advertising and promotion | $681 |
Office expenses | $3,439 |
Information technology | $34,633 |
Royalties | $0 |
Occupancy | $0 |
Travel | $13,267 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $22,325 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,704 |
All other expenses | $1,963 |
Total functional expenses | $295,711 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $461,239 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,100 |
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 | $1,055 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $463,394 |
Accounts payable and accrued expenses | $1,112 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,112 |
Net assets without donor restrictions | $62,282 |
Net assets with donor restrictions | $400,000 |
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 | $463,394 |