Equitable Bank Charitable Foundation
Equitable Bank Charitable Foundation consistently spends more than it earns, drawing down assets.
EIN: 203781207 · Grand Island, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $37K |
| Program Spending | 70% |
| Net Assets | $329K |
| Transparency Score | 45/100 |
Is Equitable Bank Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equitable Bank Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Equitable Bank Charitable Foundation
Equitable Bank Charitable Foundation (EIN: 203781207) is a nonprofit organization based in Grand Island, NE, classified under NTEE code T20. The organization reported total revenue of $36K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equitable Bank Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equitable Bank Charitable Foundation is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $37K |
| Surplus / Deficit | $-28,169 |
| Total Assets | $329K |
| Total Liabilities | $1 |
| Net Assets | $329K |
| Operating Margin | -315.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 106.5 months |
Financial Health Grade: B
In 2024, Equitable Bank Charitable Foundation reported a deficit of $28K with expenses exceeding revenue, holds 106.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.5% | +38.5% | -7.9% |
| 2023 | -50.9% | +18.3% | -5.2% |
| 2022 | +340.6% | -19.5% | -8.5% |
| 2021 | +113033.3% | +37.0% | -3.7% |
| 2020 | -100.0% | -41.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Equitable Bank Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Equitable Bank Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer-led executive structure, which is positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Equitable Bank Charitable Foundation's IRS 990 filings:
- Consistent operational deficits (expenses significantly exceed revenue, e.g., $37,089 expenses vs. $8,920 revenue in 202406).
- Declining asset base over time (from $580,783 in 201206 to $329,029 in 202406).
- Negative net revenue reported in several earlier periods (e.g., -$6,768 in 201506).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Equitable Bank Charitable Foundation:
- No officer compensation reported, indicating a volunteer-led executive structure and minimal administrative overhead in this area.
- Maintains a substantial asset base ($300,099 latest) despite consistent operational deficits.
Frequently Asked Questions about Equitable Bank Charitable Foundation
Is Equitable Bank Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Equitable Bank Charitable Foundation (EIN: 203781207) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Equitable Bank Charitable Foundation spend its money?
Equitable Bank Charitable Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equitable Bank Charitable Foundation tax-deductible?
Equitable Bank Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203781207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equitable Bank Charitable Foundation's spending goes to programs?
Equitable Bank Charitable Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Equitable Bank Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Equitable Bank Charitable Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equitable Bank Charitable Foundation located?
Equitable Bank Charitable Foundation is headquartered in Grand Island, Nebraska and files with the IRS under EIN 203781207. It is classified under NTEE code T20.
How many years of IRS 990 filings does Equitable Bank Charitable Foundation have?
Equitable Bank Charitable Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36K in total revenue.
Is Equitable Bank Charitable Foundation financially sustainable?
Based on the consistent pattern of expenses significantly exceeding revenue (e.g., $37,089 expenses vs. $8,920 revenue in 202406), the organization's current operational model does not appear financially sustainable in the long term without drawing down its asset base.
Why are assets decreasing over time?
The organization's assets have decreased from $580,783 in 201206 to $329,029 in 202406, likely due to the consistent operational deficits where expenses have outpaced revenue, requiring the use of existing assets to cover costs.
What is the primary source of the organization's revenue?
The provided data only shows 'Revenue' without specific breakdowns. Given the 'Charitable Foundation' designation, revenue likely comes from donations, grants, or investment income, but the specific sources are not detailed in the provided IRS 990 summary.
How does the organization plan to address its consistent deficits?
The provided data does not include information on the organization's strategies to address its recurring deficits. This would require reviewing the full IRS 990 forms or other financial statements.
Filing History
IRS 990 filing history for Equitable Bank Charitable Foundation showing financial trends over 11 years of public records:
Total assets decreased by 45.7% over the same period, from $606K to $329K. Total functional expenses rose by 455.2%, from $7K to $37K. In its most recent filing year (2024), Equitable Bank Charitable Foundation reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $329K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $329K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9K | $37K | $329K | $1 | — | — |
| 2023 | $7K | $27K | $357K | $1 | — | View 990 |
| 2022 | $15K | $23K | $377K | $1 | — | — |
| 2021 | $3K | $28K | $412K | $28K | — | — |
| 2020 | $3 | $21K | $428K | $19K | — | View 990 |
| 2019 | $8K | $35K | $430K | $0 | — | View 990 |
| 2015 | $-6,768 | $14K | $521K | $5K | — | View 990 |
| 2014 | $-12,812 | $9K | $542K | $5K | — | View 990 |
| 2013 | $-11,600 | $6K | $563K | $5K | — | View 990 |
| 2012 | $-20,094 | $5K | $581K | $5K | — | View 990 |
| 2011 | $-4,258 | $7K | $606K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9K, expenses of $37K, and assets of $329K (revenue +21.5% year-over-year).
- 2023: Revenue of $7K, expenses of $27K, and assets of $357K (revenue -50.9% year-over-year).
- 2022: Revenue of $15K, expenses of $23K, and assets of $377K (revenue +340.6% year-over-year).
- 2021: Revenue of $3K, expenses of $28K, and assets of $412K (revenue +113033.3% year-over-year).
- 2020: Revenue of $3, expenses of $21K, and assets of $428K (revenue -100.0% year-over-year).
- 2019: Revenue of $8K, expenses of $35K, and assets of $430K.
- 2015: Revenue of $-6,768, expenses of $14K, and assets of $521K.
- 2014: Revenue of $-12,812, expenses of $9K, and assets of $542K.
- 2013: Revenue of $-11,600, expenses of $6K, and assets of $563K.
- 2012: Revenue of $-20,094, expenses of $5K, and assets of $581K.
- 2011: Revenue of $-4,258, expenses of $7K, and assets of $606K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equitable Bank Charitable Foundation:
Data Sources and Methodology
This transparency report for Equitable Bank Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.