Equalitech
Nonprofit profile at a glance
- EIN
- 813312119
- IRS 990-EZ coverage
- 2016–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2018
- Location
- Goleta, CA, USA
- Phone
- 8057228233
- Rating confidence
- Limited
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $0
- Expenses
- $40,143
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DANIEL FITZGIBBONS (EXECUTIVE DIRECTOR)
People named in this filing
- DANIEL FITZGIBBONS (EXECUTIVE DIRECTOR)
- JULIA NISBET (TREASURER)
- ASHLEY SWITZER (SECRETARY)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Equalitech's primary exempt purpose is to provide free community access tocomputers and high speed internet. We also provide device and language literacy training in english and spanish.
What it reported doing in 2022
Equalitech dissolved as of june 30, 2023, with the remaining charitable assets granted to leap: learn, engage, advocate, partner (formerly isla vista youth projects) to support related program activities.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
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: 99
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 99.4%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd 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: 19.5% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 41st percentile among comparable filings
- Asset growth: -6% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 99.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $40K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2016 to 2022
- 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 — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.