2024-10-23T09:45:47-05:00 2023-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2023-01-01 842709943 INNOVATION FOR EQUITY INC INNO 4014197215 CO GATHERING SPOT 1720 I ST NW 4 WASHINGTON DC 20006 ANGELA ROMANS EXECUTIVE DIRECTOR 4014197215 2024-10-09 1 0 JOSEPH GISO P00030126 7819143400 2024-10-09 2023 2024-10-15 13:58:12Z ANGELA ROMANS C/O GATHERING SPOT 1720 I ST NW 4 WASHINGTON DC 20006 676544 0 X HTTPS://INNOVATIONEQUITY.ORG/ X 2019 DE IFE IS A CONVENER OF EDUCATION AND WORKFORCE SECTOR LEADERS ACROSS THE COUNTRY. 9 9 3 70 0 0 357009 663160 9150 13384 0 0 0 0 366159 676544 0 0 0 0 302804 372865 0 0 128811 441918 598070 744722 970935 -378563 -294391 723800 476502 51956 99049 671844 377453 X INNOVATION FOR EQUITY CONNECTS AND CULTIVATES BLACK LEADERS ACROSS EDUCATION ECOSYSTEMS TO BUILD COLLECTIVE POWER AND ADVANCE INNOVATIVE SOLUTIONS, SHAPING A FUTURE WHERE BLACK LEARNERS OF ALL AGES THRIVE. 0 0 625968 13384 INNOVATION FOR EQUITY (IFE) CONVENES AND SUPPORTS INSPIRING LEADERS FROM ACROSS THE EDUCATION AND WORKFORCE SECTOR WHO ARE UNITED IN THEIR COMMITMENT TO DISRUPT THE STATUS QUO AND IMPROVE OUTCOMES FOR BLACK LEARNERS OF ALL AGES. IFE'S SENIOR LEADERS FELLOWSHIP PROGRAM IS DESIGNED TO INCREASE THE PIPELINE OF BLACK SENIOR LEADERS ACROSS THE EDUCATION ECOSYSTEM. SINCE 2019 IFE HAS HOSTED ANNUAL IN-PERSON AND VIRTUAL SUMMITS ALLOWING BLACK LEADERS AND ALLIES ACROSS THE EDUCATION ECOSYSTEM TO CONNECT, COLLABORATE, AND DISSEMINATE THOUGHT LEADERSHIP. IFE ALSO LEVERAGES RESEARCH TO IDENTIFY, CODIFY, AND SHARE WHAT IS DRIVING OUTCOMES FOR BLACK LEADERS. FINALLY, IFE HAS CREATED ANNUAL AWARDS FOR LEADERS THAT HAVE LEVERAGED INNOVATION TO IMPROVE OUTCOMES FOR BLACK LEARNERS. 625968 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X ANGELA ROMANS 4014197215 C/O THE GATHERING SPOT 1720 I WASHINGTON DC 20006 MATTHEW MUGO FIELDS PRESIDENT 2.00 X X 0 0 0 MARGARET WRIGHT TREASURER 2.00 X X 0 0 0 ANGELIA DICKENS SECRETARY 2.00 X X 0 0 0 PHIL ALPHONSE DIRECTOR 2.00 X 0 0 0 JANNAH GARFIO DIRECTOR 2.00 X 0 0 0 LISA HERRING DIRECTOR 2.00 X 0 0 0 NARDOS KING DIRECTOR 2.00 X 0 0 0 DEL RUFF DIRECTOR 2.00 X 0 0 0 CRYSTAL SEWELL DIRECTOR 2.00 X 0 0 0 ANGELA ROMANS EXECUTIVE DIRECTOR 40.00 X 200000 0 16400 200000 0 16400 1 0 1 0 0 663160 663160 LEADERSHIP COACHING 611430 13384 13384 13384 676544 13384 0 0 X 216400 89184 42952 84264 118642 98992 16375 3275 1801 1009 324 468 13157 7367 2369 3421 22865 12804 4116 5945 40788 40788 291014 167921 97298 25795 9170 4354 2275 2541 11929 6680 2147 3102 20516 19021 1495 218636 218636 6017 6017 970935 625968 216156 128811 697366 245977 14050 225697 2500 12384 2328 723800 476502 14956 35420 37000 63629 51956 99049 X 116501 152453 555343 225000 671844 377453 723800 476502 -294391 0 X X 0 1 X 1 0 X 1137930 357009 663160 2158099 1137930 357009 663160 2158099 333676 1824423 2158099 X SCHEDULE A, PAGE 2, PART II, LINE 13: FIRST YEAR OF OPERATION. EFFECTIVE DATE OF EXEMPTION 7/2/2019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 680144 3600 3600 676544 0 676544 974535 3600 3600 970935 0 970935 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. THE PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN COMPUTED ON RENTAL INCOME AND RELATED CONCESSION SALES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN ITS FILED RETURNS AND RECOGNIZES THE BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD BE SUSTAINED UPON AUDIT BASED SOLELY ON THE TECHNICAL MERITS OF THE TAX POSITION. THE ORGANIZATION ACCRUES INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION FILES FEDERAL AND MASSACHUSETTS TAX RETURNS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. THE ORGANIZATION HAD NO RETURNS UNDER EXAMINATION AS OF DECEMBER 31, 2023. X X X 0 0 0 0 0 0 0 0 0 ANGELA ROMANS EXECUTIVE DIRECTOR 200000 0 0 0 0 0 8000 0 8400 0 216400 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B INNOVATION FOR EQUITY'S (IFE) FORM 990 IS PREPARED WITH THE ASSISTANCE OF AN OUTSIDE ACCOUNTING FIRM. FOLLOWING IFE'S INTERNAL MANAGEMENT'S REVIEW, A DRAFT VERSION OF THE RETURN IS DISTRIBUTED TO EACH VOTING MEMBER OF THE GOVERNING BODY FOR REVIEW AND COMMENTS. THE OUTSIDE ACCOUNTING FIRM WILL MAKE EDITS AS NECESSARY AND FINALIZE THE FORM 990. COPIES OF COMPLETED FORM 990 WILL BE DISTRIBUTED TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON A)HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY, B)HAS READ AND UNDERSTOOD THE POLICY, C)HAS AGREED TO COMPLY WITH THE POLICY, AND D)UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE ORGANIZATION'S SELECTION COMMITTEE BY USING COMPARABLE, RELEVANT MARKET DATA FOR THE ORGANIZATION'S POSITION OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SETS OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE ORGANIZATION WILL ALSO BE INCORPORATED AS NEEDED. MOREOVER, THE COMMITTEE MAY RELY ON OUTSIDE ADVISORS, CONSULTANTS, AND COUNSEL TO PROVIDE MARKET DATA REPORTS, ANALYSIS, AND OPINIONS WITH RESPECT TO COMPENSATION-RELATED MATTERS. ALL COMPENSATION DECISIONS MADE ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG, MASS. ATTORNEY GENERAL WEBSITE (HTTP://WWW.CHARITIES.AGO.STATE.MA.US/CHARITIES/) AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST AND ALSO ON THE WEBSITE OF THE MASSACHUSETTS DIVISION OF PUBLIC CHARITIES. FORM 990, PART IX, LINE 11G PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,066. MANAGEMENT AND GENERAL EXPENSES 343. FUNDRAISING EXPENSES 495. TOTAL EXPENSES 1,904. FELLOWSHIP: PROGRAM SERVICE EXPENSES 18,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,250. OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 89,651. MANAGEMENT AND GENERAL EXPENSES 17,075. FUNDRAISING EXPENSES 18,300. TOTAL EXPENSES 125,026. STRATEGIC PLAN CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 79,880. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,880. SUMMITS & AWARDS: PROGRAM SERVICE EXPENSES 58,954. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,954. COMMUNICATIONS AND MEMBERSHIP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 7,000. TOTAL EXPENSES 7,000. FORM 990, PAGE 12, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.