Eq Austin

Nonprofit profile at a glance

EIN
831306613
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Austin, TX, USA
Rating confidence
Limited
Sector
Music

Reported finances

Revenue
$144,899
Expenses
$28,830
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Gavin Garcia (Executive Director)

People named in this filing

  • Gavin Garcia (Executive Director)
  • Nick Clark (Board member)
  • Alex Vallejo (Board member)

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

EQ AUSTIN is a non-profit organization whose mission is to stimulate cultural representation and foster economic prosperity in the music and creative sector.

What it reported doing in 2024

Music hub concept and community relations | Built project case for 3 creative music hubs in Austin at city cultural centers | Identifying and developing creative leadership in diverse communities | Engaged with Sound Music Cities and Chicago 2112 in strategic consulting and documentation for music hub assessment | Conducted 6 townhalls and 9 focus groups with diverse communities in Austin to provide an assessment to city for creative music hubs at the Mexican American Cultural Center Carver Museum and Asian American Resource Center in Austin.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 80.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 249.7%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 48.3% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 15.6% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: -41.5% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.