Education Equity Fund NFP
Nonprofit profile at a glance
- EIN
- 851138259
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Chicago, IL, USA
- Phone
- 7739028248
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $-99,276
- Expenses
- $39,999
- Assets
- $281,604
- Liabilities
- $411,388
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Andrew Davis (President)
People named in this filing
- Andrew Davis (President)
- Christian Feaman (Board Chair)
- John Kato (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
Mission is meeting critical labor market needs and expanding equitable opportunities for people of color and low-income/first generation students. Education Equity Fund expands post-secondary educational opportunities and supports success in high-quality career-preparation programs. The goal of EEF is to enable students to pursue a chosen career path in a high-need profession. Initially EEF supports a diverse group of high-potential, lower-income and first-generation candidates who require financial assistance so they may enroll in and complete excellent training and degree programs in preparation for success as K-12 educators.
What it reported doing in 2024
Establish income sharing agreements with prospective students to provide post-secondary education funding.
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
The verdict
MIXED - The filed numbers largely add up. 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: 31
- Transparency & Controls: 92
- Sustainability: 36
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.5%; rating input score 20
- Program expense ratio: 50.4%; rating input score 50
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -140.3%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 7.04; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 1.46; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 40.3% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: -206.8% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -9.7% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 19.5% of revenue deployed · 50.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $20K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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 20/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.