Overview
What is Equitable Facilities Fund Inc?
Equitable Facilities Fund Inc is a New York-based nonprofit organization dedicated to enhancing public education for children by providing charter schools with affordable, long-term financing. They leverage donations and philanthropic monies to create a unique source of capital, combining mission-related investments and capital markets innovatively. With a team of 16 employees, their mission is to empower high-performing public charter schools with equitable access to financing, ultimately leading to improved education for all children.
Official website here: www.eqfund.org
Is Equitable Facilities Fund Inc legitimate?
Equitable Facilities Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equitable Facilities Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,696,821
Professional Fundraising Fees: $17,147
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eqfund.org
What is the mission statement of Equitable Facilities Fund Inc?
Equitable Facilities Fund Inc is a nonprofit organization dedicated to ensuring that all children have access to a high-quality education. They achieve this by empowering top-performing public charter schools with equitable access to affordable, long-term financing. By innovatively merging mission-related investments and capital markets, EFF enables charter schools to borrow money more effectively. The fund's mission revolves around designing, implementing, and maintaining a new financing source for charter school facilities, ultimately leading to enhanced public education for students.
Official website here: www.eqfund.org
Who is the CEO of Equitable Facilities Fund Inc?
Anand Kesavan is the Chairman of Equitable Facilities Fund Inc. The CEO's salary of Equitable Facilities Fund Inc is $500,000 and their total compensation is $539,683.
Official website here: www.eqfund.org
What is the revenue of Equitable Facilities Fund Inc?
Equitable Facilities Fund Inc's revenue in 2022 was $109,581,682.
Official website here: www.eqfund.org
Who are the executives of Equitable Facilities Fund Inc and what are their salaries?
The average compensation at Equitable Facilities Fund Inc during 2022 was $106,051. There are 16 employees and 5 volunteers at Equitable Facilities Fund Inc.
Here are 12 key members and their salaries (Equitable Facilities Fund Inc's CEO's salary is $500,000 and their total compensation is $539,683):
- Anand Kesavan (Ceo)
- Michelle Getz (Chief Credit Officer)
- Mike Mcgregor (Chief Operations Officer)
- Shawn Mccormack From 011122 (Investment Principal)
- Wendy Berry (Investment Principal)
- Marc Wancer (Investment Principal)
- Mark Medema (Senior Advisor)
- Buddy Philpot (Chairman) [Trustee/Director]
- Scott Pearson (Secretary) [Trustee/Director]
- Kevin Hall (Treasurer) [Trustee/Director]
- Aarthi Sowrirajan From 11522 (Director)
- Nguyen Huyhn From 11522 (Director)
Official website here: www.eqfund.org
Where can I find the form 990 for Equitable Facilities Fund Inc?
The Equitable Facilities Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.eqfund.org
Learn more at the official website: www.eqfund.org
Mission Statement of Equitable Facilities Fund Inc
Equitable Facilities Fund Inc, a nonprofit social impact fund, is dedicated to ensuring that all children have access to a high-quality education by empowering top-performing public charter schools with equitable financing for their facilities. The organization achieves this by ingeniously merging mission-related investments and capital markets. Through this innovative approach, it enables charter schools to borrow money more affordably and effectively.
By leveraging donations and other philanthropic monies it receives, Equitable Facilities Fund Inc creates a new source of capital for charter school facilities. This will ultimately lead to improved public education for children, as these schools can focus on their academic missions rather than being burdened with the financial challenges of funding their facilities. The organization's drive to make a difference in education extends beyond just providing financing, as its efforts are designed to create long-term, sustainable solutions for charter schools.
Impact
This information is meant to be a general summary of Equitable Facilities Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Equitable Facilities Fund Inc empowers high-performing public charter schools by providing them with equitable access to low-cost, long-term financing. By leveraging donations and other philanthropic funds, EFF enables these schools to borrow more affordably and effectively for their facilities. This innovative approach to capital funding ultimately contributes to improved public education for children.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$29,511,381
SERVICE FEES
Revenue
$524,360
Organization Details
Founding Year
2017
Phone
(212) 506-5089
Principal Officer
Anand Kesavan
Main Address
228 PARK AVE S PMB 61633, NEW YORK, NY, 100031502
Website
www.eqfund.org
NTEE Category
Code: B11 - Education
If you are a representative of Equitable Facilities Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.