Society for History and Racial Equity

Nonprofit profile at a glance

EIN
352211484
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-EZ 2019, Form 990-N 2015
Location
Kalamazoo, MI, USA
Phone
2693819775
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Service Organizations and Activities

Official website

Reported finances

Revenue
$477,508
Expenses
$198,277
Assets
$612,670
Liabilities
$16,708

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

15 people listed

Highest reported compensation

  • CHIANTE' LYMON-HAMILTON (EXECUTIVE DI): $72,488 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To research and document african american history and promote racial equity

What it reported doing in 2023

The summit on racism and youth summit are annual events that are open to the public. The youth summit was moderated by former student interns of share. Our panelists were from four local high schools in the southwest region. The panel focused on unaddressed racism in the curriculum and classrooms. Students were able to speak out about stereotypes and myths that are spoken about in the southwest region, school districts about students of color, and how we as a community can combat that. This conversation was a way to help students reflect on the impacts of racism and publicly speak to the gaps and disparities in the school system. The summit on racism was formatted into six sessions. Speakers were asked to focus on key specialty areas: racial equity in housing, financial literacy, economic development, cultural competencies, and mobilization and action steps to eliminating racism in kalamazoo. The conversations were designed to build awareness of racial disparities and provide opportunities for continued discussion, networking, and building community partnerships.

Operating model

Revenue model
Donor-supported. 96% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 26
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.1%; rating input score 15
  • Program expense ratio: 33.3%; rating input score 33
  • Fundraising efficiency: $25.66 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: 58.5%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.09; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 36.6%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 22.9% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 32.7% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 15.1% of revenue deployed · 33.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $66K in reported program spending
  • Leadership: top reported pay $72K · 15 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 to 2023
  • 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: Mission deployment rate scored 15/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.