Nonprofit · EIN 86-3077312
WEALTH AND EQUITY INC
Tax-exempt · BROOKLYN, NY 11205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $96,150 | $96,150 | $0 | $35,850 | $0 | $35,850 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $96,150
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $82,800
- Occupancy
- $13,350
- Program services (functional)
- $96,150
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $35,850
- Total liabilities, end of year
- $0
- Net assets, end of year
- $35,850
- Gross receipts
- $96,150
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EUGENE MITCHELL | PRESIDENT | 40 | $0 |
| ANTUAN BARNETT | TREASURER | 40 | $0 |
| ANDREW DUMAS | SECRETARY | 1 | $0 |
| DAMON BITLER | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 185 HALL ST APT 1604, BROOKLYN, NY 11205-5019
- Signed the 990-EZ
- EUGENE MITCHELL, PRESIDENT
- Phone
- (917) 482-8850
- Website
- WEALTHANDEQUITY.ORG
- Return prepared by
- TSG TAX PROS
Mission
TO PROVIDE UNBIASED LIFE INSURANCE EDUCATION
Program accomplishments
- Launched 2 educational websites for families & financial advisors. Hired consumer experience expert for site design, & testing. Created & posted site content.Expenses $68,100
- Held 5 educational workshops for 500 attendees. Created & posted social media content that had 104000 views. Created & distributed promotional merchandise.Expenses $14,700
- Utilized web hosting, security & mgmt svcs to gather and protect data. Hired legal and accounting services to support non-profit.Expenses $13,350
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 86-3077312
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $35,850
- Income (IRS master file)
- $96,150
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $96,150 | $96,150 | $35,850 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3077312).
Questions about WEALTH AND EQUITY INC
- What is the EIN of WEALTH AND EQUITY INC?
- The employer identification number (EIN) of WEALTH AND EQUITY INC is 86-3077312.
- Is WEALTH AND EQUITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to WEALTH AND EQUITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEALTH AND EQUITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WEALTH AND EQUITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEALTH AND EQUITY INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of WEALTH AND EQUITY INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WEALTH AND EQUITY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $96,150, expenses of $96,150 and total assets of $35,850 at year end.
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