Equation Collaborative Corp
- Assets
- $168.2k
- Revenue
- $578.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Encinitas, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4081633
Organization Overview
Equation Collaborative Corp is located in Encinitas, CA. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Equation Collaborative Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equation Collaborative Corp 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 12/2022, Equation Collaborative Corp generated $578.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $793.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EC IS ON A MISSION TO BRING BALANCE TO SOCIAL AND STRUCTURAL INEQUITY WITH A CORE FOCUS ON EMPOWERING COMMUNITIES TO RECLAIM THEIR FOOD SOVEREIGNTY, BY OPENING PATHWAYS TO HEALTHY, LOCALIZED, SUSTAINABLE FOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUATION COLLABORATIVE, THROUGH ITS +BOX FOOD ASSISTANCE PROGRAM, DISTRIBUTED 23,810 BOXES WITH 281,741 POUNDS OF HEALTHY FOOD, ENOUGH FOR APPROXIMATELY 234,741 MEALS, TO FOOD INSECURE STUDENTS AND THEIR FAMILIES WHO DON'T HAVE ENOUGH TO MEET THEIR BASIC NUTRITIONAL NEEDS. +BOX PROVIDED FOOD INSECURE FAMILIES WITH HEALTHY FOOD IN 49 OF 52 WEEKS DURING 2022, SUPPORTING AN AVERAGE OF 486 FAMILIES PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Burt President & Executive Dire | OfficerTrustee | 40 | $174,999 |
Gregg Burt Director | Trustee | 1 | $0 |
Tony Durket Director | Trustee | 1 | $0 |
Patti Malmuth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,952 |
| Noncash contributions included in lines 1a–1f | $301,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,952 |
| Total Program Service Revenue | $0 |
| 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 | $577,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $301,858 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,999 |
| Compensation of current officers, directors, key employees. | $43,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,970 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,449 |
| Advertising and promotion | $10,170 |
| Office expenses | $34,379 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,218 |
| Travel | $1,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $220 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,150 |
| Insurance | $8,537 |
| All other expenses | $1,078 |
| Total functional expenses | $792,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,365 |
| 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 | $35,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $168,247 |
| Accounts payable and accrued expenses | $2,000 |
| 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 | $4,520 |
| Total liabilities | $6,520 |
| Net assets without donor restrictions | $161,727 |
| 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 | $168,247 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Equation Collaborative Corp has recieved totaling $723,482.
| Awarding Organization | Amount |
|---|---|
Burt Family Foundation Austin, TX PURPOSE: FUNDS TO IDENTIFY AND SECURE FOOD SOURCES TO SHARE WITH FAMILIES, AND ENGAGE NON-PROFITS IN SUPPORT OF COMMUNITY | $696,938 |
Life Science Cares Inc Cambridge, MA PURPOSE: DONATION TO ASSIST THE NONPROFIT | $16,525 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA PURPOSE: SOCIAL SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding San Diego San Diego, CA | $19,422,905 | $77,648,775 |
Foodshare Inc Oxnard, CA | $17,778,364 | $49,627,077 |
Heart Of Compassion Distribution Montebello, CA | $1,795,358 | $41,165,475 |
Diabetes Prevention And Aid Fund Inc Nogales, AZ | $212,158 | $20,461,297 |
Placer Food Bank Roseville, CA | $7,740,934 | $18,026,272 |
Meals On Wheels People Inc Portland, OR | $42,017,296 | $20,790,063 |
Merced County Food Bank Merced, CA | $11,550,036 | $16,482,554 |
Akshaya Patra Foundation Usa Canoga Park, CA | $10,157,054 | $12,146,797 |
Flagstaff Family Food Center Flagstaff, AZ | $4,578,201 | $12,934,746 |
Touch Of Kindness Los Angeles, CA | $3,256,927 | $10,368,468 |
Urban Gleaners Portland, OR | $1,835,186 | $7,054,041 |
Gleaners Of Clackamas County Incorporated Oregon City, OR | $819,886 | $6,287,865 |