Equitable Facilities Fund Inc
95% goes to programs $1 to raise $100 Strong reserves Growing revenue
Equitable Facilities Fund Inc is a 501(c)(3) organization based in New York, New York, registered in 2018, with $134,913,992 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
228 Park Avenue South Suite 61633, New York, NY, 10003 EIN 82-2351889 Since 2018
Revenue (FY2024)
$134.9M
▲ 82.9% vs prior year
Education median: $200K
Expenses (FY2024)
$51.7M
Net assets
$476.5M
Employees
22
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Equitable Facilities Fund Inc: 95% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating111 mo reserves · +62% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Equitable Facilities Fund Inc: 111 mo reserves · +62% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Equitable Facilities Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Equitable Facilities Fund Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Eff is a nonprofit social impact fund that believes all children deserve a quality education. we empower high-performing public charter schools with equitable access to low-cost, long-term financing by innovatively combining mission-related investments and capital markets.
Contact & location
- Address
- 228 Park Avenue South Suite 61633, New York, NY, 10003
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $154.0M (FY2017) to $134.9M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4BNet assets $476.5M
Operating margin
61.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9B
Total liabilities
$1.4B
Net assets
$476.5M
Salaries & benefits
$4.9M
10% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $134,913,992▲82.9% | $51,702,521▲62.7% | $476,485,591▲21.6% | $1,925,279,588▲30.1% | 990 |
| 2023 | $73,775,771▼32.7% | $31,779,216▲29.4% | $391,998,652▲12.9% | $1,479,720,868▲28.6% | 990 |
| 2022 | $109,581,682▲217% | $24,559,398▲63.8% | $347,201,491▲31.7% | $1,150,821,941▲36.4% | 990 |
| 2021 | $34,535,002▼28.5% | $14,997,159▲56.7% | $263,609,042▲8.8% | $843,754,758▲46.6% | 990 |
| 2020 | $48,316,179▼68.6% | $9,571,763▲415% | $242,310,956▲59.2% | $575,484,952▲277% | 990 |
| 2017 | $154,040,390 | $1,859,121 | $152,250,339 | $152,587,484 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Anand Kesavan — $596,680 (1.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anand Kesavan | Ceo | 40 | $596,680 |
| Mike Mcgregor | Chief Operations Officer | 40 | $481,295 |
| Michelle Getz | Chief Credit Officer | 40 | $275,875 |
| Jon Mcintosh | Chief of Staff | 40 | $245,723 |
| Marc Wancer | Investment Principal | 40 | $226,375 |
| Wendy Berry | Investment Principal | 40 | $220,821 |
| Shawn Mccormack | Investment Principal | 40 | $218,628 |
| Aarthi Sowrirajan | Director | 5 | — |
| Buddy Philpot | Chairman | 5 | — |
| Kevin Hall | Treasurer | 5 | — |
| Nguyen Huyhn | Director | 5 | — |
| Scott Pearson | Secretary | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $7.6M total
4 grants to Equitable Facilities Fund Inc totaling $7.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| City Fund | To support low-cost facility financing for high-performing and high-potential charter schools across missouri seeking to grow, replicate, or launch. | 2024 | $4,000,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $1,000,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $2,500,000 |
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Frequently asked questions
- Is Equitable Facilities Fund Inc a legitimate nonprofit?
- Yes. Equitable Facilities Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-2351889, based in New York, New York. Donations are tax-deductible.
- What is Equitable Facilities Fund Inc's EIN?
- Equitable Facilities Fund Inc's Employer Identification Number (EIN) is 82-2351889.
- How much revenue does Equitable Facilities Fund Inc report?
- Equitable Facilities Fund Inc reported $134,913,992 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Equitable Facilities Fund Inc's spending goes to programs?
- Equitable Facilities Fund Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Equitable Facilities Fund Inc have?
- CharityIndex grades Equitable Facilities Fund Inc A, based on program efficiency and fundraising cost.
- How much does Equitable Facilities Fund Inc's highest-paid employee make?
- The highest reported compensation on Equitable Facilities Fund Inc's latest Form 990 is $596,680, paid to Anand Kesavan (Ceo).
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Data for Equitable Facilities Fund Inc (EIN 82-2351889) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.