Equitable Facilities Fund
Equitable Facilities Fund reported $134.9 million in revenue and $51.7 million in expenses for calendar year 2024. Of every $100 it spent, $94.80 went to program services, $4.21 to management and general costs and $0.99 to fundraising. Its largest source of revenue was contributions and grants: 50.5% of the total. The highest compensation it reported for one person was $613,477 (CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 179% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $52MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $135M- Contributions & grants (non-government)$49.35 $68M
- Program service revenue$40.06 $55M
- Investment income$10.59 $15M
Other revenue was negative: −$3.2M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 50.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 41.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $613,477 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.19% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 110.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Equitable Facilities Fund leverages donations and other philanthropic monies it receives and holds to enable charter schools to borrow more cheaply and effectively. Designing, implementing and maintaining this new source of capital for charter school facilities will ultimately lead to improved public education for children
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $596,680 | $0 | $16,797 | $613,477 |
| CHIEF OPERATIONS OFFICER Former, 40.00 hrs/week | $481,295 | $0 | $15,789 | $497,084 |
| CHIEF CREDIT OFFICER Officer, 40.00 hrs/week | $275,875 | $0 | $22,729 | $298,604 |
| CHIEF OF STAFF Officer, 40.00 hrs/week | $245,723 | $0 | $17,729 | $263,452 |
| INVESTMENT PRINCIPAL Key employee, 40.00 hrs/week | $226,375 | $0 | $13,882 | $240,257 |
| INVESTMENT PRINCIPAL Key employee, 40.00 hrs/week | $218,628 | $0 | $21,067 | $239,695 |
| INVESTMENT PRINCIPAL Key employee, 40.00 hrs/week | $220,821 | $0 | $18,740 | $239,561 |
7 people received more than $100,000 in reportable compensation from Equitable Facilities Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 522
- Volunteers Part I, line 65
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ZATA CONSULTING LLC Consulting services | $231,080 |
| KEVIN ALIN Consulting services | $140,250 |
| SEVEN CS COLLECTIVE LLC Consulting services | $130,905 |
| GRADIENT CONSULTING Consulting services | $124,475 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Equitable Facilities Fund totaling $4.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Equitable Facilities Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Equitable Facilities Fund, you can publish a response that is linked from this page.
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Of every $100 Equitable Facilities Fund spent in 2024, $94.80 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The New England Center for ChildrenSouthborough, MA · revenue $135M · programs 91.0% · FY2025
- California State University Fresno FoundationFresno, CA · revenue $135M · programs 83.5% · FY2025
- Samuel Merritt UniversityOakland, CA · revenue $135M · programs 76.0% · 2024
- New York Medical CollegeValhalla, NY · revenue $136M · programs 75.6% · FY2025
- Gateway Community ChartersMcClellan, CA · revenue $135M · programs 84.5% · FY2025
Questions people ask
How much of Equitable Facilities Fund's spending goes to programs?
In calendar year 2024, Equitable Facilities Fund reported that 94.8% of its $51.7 million in expenses went to program services, 4.2% to management and general and 1.0% to fundraising (Form 990, Part IX).
How much does Equitable Facilities Fund pay its top executive?
The largest total compensation Equitable Facilities Fund reported for one person in calendar year 2024 was $613,477, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Equitable Facilities Fund get its money?
Of $134.9 million in revenue in calendar year 2024, 50.5% came from contributions and grants and 41.0% from program service revenue (Form 990, Part VIII).
Is Equitable Facilities Fund a registered charity?
The IRS lists EIN 82-2351889 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513219349309211 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349304969 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343209349303199 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349311566 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349305689 · read the filing
All filings for EIN 82-2351889: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.