Acorn Equality Fund
Nonprofit profile at a glance
- EIN
- 371388484
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-T 2024
- Location
- Peoria, IL, USA
- Phone
- 3096772377
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Intergroup, Race Relations
Reported finances
- Revenue
- $52,748
- Expenses
- $42,174
- Assets
- $218,370
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- PAUL STEENIS (Ad Int Chairman)
- MARK HALX (Secretary)
- STEVE JONES (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide funding to organizations, to provide scholarships to individuals, and to provide advocacy, support, and leadership development within the gay, lesbian, bisexual, and transgender community.
What it reported doing in 2024
All program expenses
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 12
- Transparency & Controls: 82
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11%; rating input score 11
- Program expense ratio: 13.8%; rating input score 14
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 5.18; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 11% of revenue deployed · 13.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 11/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.