Nonprofit · EIN 87-4464095
EQUITY1821 INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $490,265 | $217,165 | $273,100 | $127,411 | $27,711 | $99,700 |
| December 31, 2023 | 990-EZ | $63,750 | $284,951 | -$221,201 | $32,364 | $205,765 | -$173,401 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $490,265
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15,211
- Program services (functional)
- $29,000
- Management and general (functional)
- $188,165
Balance sheet and other
- Total assets, start of year
- $32,366
- Total assets, end of year
- $127,411
- Total liabilities, end of year
- $27,711
- Net assets, end of year
- $99,700
- Net assets without donor restrictions
- $49,700
- Net assets with donor restrictions
- $50,000
- Gross receipts
- $490,265
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- IN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phil Johnson | Director Trustee or director | 40 | $0 |
| Nick Bontrager | Director Trustee or director | 40 | $0 |
| Demetrius Glover | Director Trustee or director | 40 | $0 |
| Jeff Bennett | Director Institutional trustee | 40 | $0 |
| Robert Shegog | Chairman Officer | 40 | $0 |
| Tony Mason | Chairman Officer | 40 | $0 |
| Greg Hicks | Treasurer Officer | 40 | $0 |
| Alice Watson | Secretary Officer | 10 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phil Johnson | Director | 40 | $0 |
| Nick Bontrager | Director | 40 | $0 |
| Robert Shegog | Chairman | 40 | $0 |
| Jeff Bennett | Director | 40 | $0 |
| Demetrius Glover | Director | 40 | $0 |
| Tony Mason | Chairman | 40 | $0 |
| Greg Hicks | Treasurer | 40 | $0 |
| Alice Watson | Secretary | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 777 INDIANA AVE, INDIANAPOLIS, IN 46202-3101
- Signed the 990
- Robert Shegog, Chairman
- Website
- https://equity1821.org/
- Return prepared by
- Edgewater Tax
Mission
Our mission is to leverage social, financial, and human capital resources with a focus on African American and other businesses of color in pursuit of racial equity in the small business ecosystem.
Program accomplishments
- Create an inclusive economy where Black businesses and other business owners of color form, develop, compete and thrive.Expenses $29,000
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-4464095
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $127,411
- Income (IRS master file)
- $490,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $490,265 | $217,165 | $127,411 | XML |
| 990-EZ | December 2023 | $63,750 | $284,951 | $32,364 | XML |
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 87-4464095).
Questions about EQUITY1821 INC
- What is the EIN of EQUITY1821 INC?
- The employer identification number (EIN) of EQUITY1821 INC is 87-4464095.
- Is EQUITY1821 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to EQUITY1821 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does EQUITY1821 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 EQUITY1821 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 EQUITY1821 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of EQUITY1821 INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does EQUITY1821 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $490,265, expenses of $217,165 and total assets of $127,411 at year end.
Other nonprofits in INDIANAPOLIS
- STRADA EDUCATION FOUNDATION INC EIN 47-3044430 · last filed 990 for 2024
- INDIANAPOLIS FOUNDATION INC EIN 45-4618430 · last filed 990 for 2024
- FISCAL SPONSORSHIP ALLIES INC EIN 85-0839183 · last filed 990 for 2025
- CICP FOUNDATION INC EIN 35-2065457 · last filed 990 for 2025
- BOARD OF CERTIFIED SAFETY PROFESSIONALS OF THE AMERICAS INC EIN 37-0982724 · last filed 990 for 2025
- COMMUNITY ACTION OF GREATER INDIANAPOLIS INC EIN 35-6048441 · last filed 990 for 2024
- 16 TECH COMMUNITY CORPORATION EIN 81-0853467 · last filed 990 for 2024
- 2021 ALL-STAR INC EIN 83-1210277 · last filed 990 for 2025
All nonprofits in INDIANAPOLIS · Indiana · Community improvement and capacity building