Erase Racism Inc
Nonprofit profile at a glance
- EIN
- 651218069
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Syosset, NY, USA
- Phone
- 5169214863
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Intergroup, Race Relations
Reported finances
- Revenue
- $651,063
- Expenses
- $934,158
- Assets
- $228,795
- Liabilities
- $362,323
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LAURA HARDING (PRESIDENT)
- ELAINE GROSS (PRESIDENT EMERITA)
Highest reported compensation
- LAURA HARDING (PRESIDENT): $188,038 total reported compensation
- SHERLEY CHERENFANT (CONTROLLER): $147,281 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To expose forms of racial discrimination, advocate for laws and policies that eliminate racial disparities, increase understanding of how structural racism and segregation impact our communities and region, and engage the public in fostering equity and inclusion.
What it reported doing in 2024
Public education - erase racism mobilizes the public to support diversity, equity and inclusion in our region. We offer intensive workshops, forums, and trainings for members of the public; harness social, alternative, and mainstream media to provide information and shape the narrative around race; uplift stories of those impacted by racism; and foster dialogue among diverse members of our communities while motivating them to action. Erase racism's youth development program equipped students across long island with leadership skills, facilitated meaningful interactions with students of different backgrounds and districts, and educated students about the history underpinning long island's segregated towns and school districts and how they can advance equity and inclusion in their schools and communities.education - the education equity initiative identifies unequal access to quality public schools and works to increase opportunities for black and latino students to receive a high quality education and for all students to learn in racially diverse schools.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 79
- Accountability: 96
- Sustainability: 6
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.1%; rating input score 73
- Fundraising efficiency: $4.71 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -43.5%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 1.58; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 35.9%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 73.1% of spending went to programs
- Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $683K in reported program spending
- Leadership: top reported pay $188K · 18 people listed · 3 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 16/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 5/100.