Innovation For Equity Inc

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

EIN: 842709943 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Innovation For Equity Inc?

Innovation For Equity Inc, located in Washington D.C., is a nonprofit organization that serves as a catalyst for change in the education and workforce sectors. Their mission is to enhance outcomes for Black learners of all ages by fostering collaboration among leaders in these fields. They accomplish this through their Senior Leaders Fellowship program, which aims to bolster the pipeline of Black senior leaders across the education landscape. Since 2019, IFE has hosted annual summits, both in-person and virtual, allowing Black leaders and allies to connect, collaborate, and share thought leadership. IFE also leverages research to identify and disseminate successful strategies for Black learners. With a small team of two dedicated individuals, IFE is committed to promoting innovation and equity in education.


Official website here: www.innovationequity.org/

Is Innovation For Equity Inc legitimate?

Innovation For Equity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation For Equity 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $200,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,942

For more financial information, click here


Official website here: www.innovationequity.org/

What is the mission statement of Innovation For Equity Inc?

Innovation For Equity Inc is a collaborative platform, bringing together education and workforce sector leaders with a shared mission to enhance the life outcomes for Black learners. Their focus is on scaling innovative solutions and increasing Black leadership across the educational landscape. The organization convenes and supports inspiring leaders from various sectors, who are committed to disrupting the status quo and improving outcomes for Black learners of all ages. Through their Senior Leaders Fellowship program, they aim to increase the pipeline of Black senior leaders across the education ecosystem. Since 2019, Innovation For Equity has hosted annual in-person and virtual summits, enabling Black leaders and allies to connect, collaborate, and disseminate thought leadership. Leveraging research, they identify, codify, and share the factors driving outcomes for Black learners. Additionally, they recognize and honor leaders who have leveraged innovation to improve outcomes for Black learners with their annual awards.


Official website here: www.innovationequity.org/

Who is the CEO of Innovation For Equity Inc?

Angela Romans is the Executive Director of Innovation For Equity Inc.


Official website here: www.innovationequity.org/

What is the revenue of Innovation For Equity Inc?

Innovation For Equity Inc's revenue in 2022 was $366,159.


Official website here: www.innovationequity.org/

Who are the executives of Innovation For Equity Inc and what are their salaries?

The average compensation at Innovation For Equity Inc during 2022 was $132,471. There are 2 employees and 60 volunteers at Innovation For Equity Inc.


Here are 10 key members and their salaries:


Angela Romans (Executive Director)
  • Compensation: $200,000
  • Related: $0
  • Other: $16,171
Matthew Mugo Fields (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Wright (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angelia Dickens (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Alphonse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jannah Garfio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Herring (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nardos King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Del Ruff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Crystal Sewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.innovationequity.org/

Where can I find the form 990 for Innovation For Equity Inc?

Innovation For Equity Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.innovationequity.org/

Learn more at the official website: www.innovationequity.org/

Mission Statement of Innovation For Equity Inc

Innovation For Equity Inc, a collaborative platform, brings together leaders from the education and workforce sectors with a shared mission. This mission is centered on improving life outcomes for Black learners. The organization focuses on scaling innovative solutions and boosting Black leadership across the education landscape. By convening and supporting inspiring leaders, Innovation For Equity Inc aims to disrupt the status quo and drive positive changes for Black learners of all ages.

One of the key initiatives of Innovation For Equity Inc is its Senior Leaders Fellowship Program, designed to enhance the pipeline of Black senior leaders in the education sector. Since its inception in 2019, the nonprofit has hosted annual summits, both in-person and virtual, which allow Black leaders and allies across the education ecosystem to connect, collaborate, and disseminate thought leadership. Additionally, Innovation For Equity Inc leverages research to identify, codify, and share what is driving outcomes for Black learners.

In a bid to recognize and celebrate leaders who have leveraged innovation to improve outcomes for Black learners, Innovation For Equity Inc also awards annual awards. This recognition serves as a testament to the organization's commitment to fostering innovation and leadership in the education sector for the betterment of Black learners.

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Impact




October, 2024

Innovation For Equity Inc has a significant impact by convening leaders from the education and workforce sectors to foster collaboration aimed at improving outcomes for Black learners of all ages. Through its Senior Leaders Fellowship Program, IFE works to enhance the representation of Black senior leaders in the education ecosystem, ultimately creating a more inclusive and effective educational environment.

The annual summits hosted by IFE serve as a crucial platform for Black leaders and their allies to connect, share ideas, and collaborate on innovative strategies. By facilitating these discussions, IFE enables participants to disseminate thought leadership and develop actionable solutions that can directly enhance learning outcomes for Black individuals.

Additionally, IFE harnesses research to identify and promote effective practices that positively influence the success of Black learners. This research is vital for codifying successful strategies and disseminating knowledge throughout the education sector. The establishment of annual awards recognizes and celebrates leaders who have made meaningful advancements through innovation, further motivating others to pursue similar paths.

Through its initiatives, Innovation For Equity Inc is committed to disrupting the status quo and ensuring that Black learners have equitable opportunities and outcomes in education.




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


Financials

This financial information is from Propublica.

Revenue
$366,159 (2022)
Expenses
$744,722 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $9,150
  • Gross Receipts: $366,159

Assets and Liabilities:

  • Total Assets: $723,800
  • Total Liabilities: $51,956
  • Net Assets: $671,844

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Programs

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

LEADERSHIP COACHING

Revenue

$9,150

Organization Details

Founding Year

2019

Principal Officer

Angela Romans

Main Address

CO GATHERING SPOT 1720 I ST NW 4, WASHINGTON, DC, 20006

NTEE Category

Code: B90 - Education

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