Equable Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823988188 ✦ Queens, NY ✦ Designated as a 501(c)(3)

Overview

What is Equable Institute?

Equable Institute is a nonprofit organization situated in Queens, New York, specifically at 2824 Steinway Street Ste 221. Their primary mission is to educate and inform various stakeholders, including employees, retirees, and other interested parties, about achieving sustainable and accountable retirement plans without compromising future income security. They accomplish this by conducting historical analyses, developing academic research, and offering technical assistance related to foreseeing the future performance of retirement system funding and contribution rates. Equable also aids in estimating the impact of potential changes on long-term sustainability, solvency, and retirement security for these systems. Moreover, they provide a free educational service to public school employees to enhance their financial literacy and ensure their retirement income security. With a team of seven dedicated individuals, Equable Institute is committed to promoting responsible and secure retirement planning.


Official website here: www.equable.org

Is Equable Institute legitimate?

Equable Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equable Institute 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: $220,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $433,778

For more financial information, click here


Official website here: www.equable.org

What is the mission statement of Equable Institute?

Equable Institute, a non-profit organization, focuses on educating and informing various stakeholders, including employees and retirees, about how to establish retirement plan sustainability and accountability without compromising future income security. The organization conducts historical analysis, develops academic research, and offers technical assistance to public sector retirement system stakeholders, helping them comprehend the challenges related to sustainability in their respective states. Equable also estimates the impact of different changes on the long-term sustainability, solvency, and retirement security of these systems. Furthermore, the institute extends its free educational services to public school employees, aiming to improve their financial literacy and secure their retirement income.


Official website here: www.equable.org

Who is the CEO of Equable Institute?

Anthony M Randazzo is the Director of Equable Institute.


Official website here: www.equable.org

What is the revenue of Equable Institute?

Equable Institute's revenue in 2022 was $1,106,481.


Official website here: www.equable.org

Who are the executives of Equable Institute and what are their salaries?

The average compensation at Equable Institute during 2022 was $93,397. There are 7 employees and 5 volunteers at Equable Institute.

Here are 7 key members and their salaries:

    Anthony M Randazzo (Executive Director)
  • Compensation: $200,000
  • Related: $0
  • Other: $20,000

    • Jonathan W Moody (Vp Of Research)
  • Compensation: $143,000
  • Related: $0
  • Other: $11,200

    • Dan Liljenquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Ravitch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pete Constant (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lois Scott (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josh Mcgee (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.equable.org

    Where can I find the form 990 for Equable Institute?

    The Equable Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.equable.org

    Learn more at the official website: www.equable.org

    Mission Statement of Equable Institute

    Equable Institute, as a non-profit organization, is dedicated to enlightening and instructing various stakeholders, including employees, retirees, and other interested parties, on the strategies required to establish lasting retirement plan sustainability and accountability without compromising future income security. By providing educational resources and insights, Equable aims to empower these stakeholders to navigate the complexities of retirement planning and secure their financial future. Through conducting historic analyses, developing academic research, and offering technical assistance related to forecasting the performance of retirement plans, Equable helps public sector retirement system stakeholders in various states understand and address sustainability challenges in their respective systems. Furthermore, Equable extends its free educational services to public school employees, aiming to improve their financial literacy and ensure the long-term income security of educators.

    Impact

    This information is meant to be a general summary of Equable Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    Equable Institute has had a significant impact on public sector retirement systems in multiple states by providing crucial insights and tools to ensure long-term sustainability and accountability. Through historical analysis, academic research, and technical assistance, Equable has helped stakeholders understand existing challenges and forecast future performance. By estimating the effects of potential changes, Equable has contributed to improved solvency, retirement security, and overall system stability. Additionally, the institute's efforts to enhance financial literacy among public school employees have empowered educators to secure their retirement income effectively.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $74
  • Program Service Revenue: $26,380
  • Gross Receipts: $1,106,481

    • Assets and Liabilities:
  • Total Assets: $702,801
  • Total Liabilities: $19,681
  • Net Assets: $683,120
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Consulting Revenue

    Revenue

    $26,380

    Organization Details

    Founding Year

    2017

    Principal Officer

    Anthony M Randazzo

    Main Address

    2824 Steinway Street Ste 221, Queens, NY, 11103

    NTEE Category

    Code: B01 - Education

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