Illinois · Nonprofit
EQUITY AND TRANSFORMATION
EQUITY AND TRANSFORMATION (Illinois) receives grants from 63 organizations whose IRS filings report $9,461,150 to it, the largest being WELLSPRING PHILANTHROPIC FUND INC ($961,250). 32 of them have funded it in more than one year.
- Revenue FY2025
- $2.3M
- Funders on record
- 63
- Grants received
- $9.5M
- Net assets
- $6.6M
What Equity and Transformation does
Mission
Equity and Transformation EAT is a non-profit community-led organization founded by and for post-incarcerated people. Continuously system-impacted individuals face significant barriers in their everyday lives; they are shut out of the workforce forced into informality and criminalized for surviving. These systemic inequalities often lead to extreme poverty and additional periods of incarceration. EAT is committed to building social and economic equity for informal workers.
As stated on its FY2025 Form 990.
Programs
EAT recognizes the need to collect accurate information to create community-centered change. Our Research Department strives to use original evidence to identify barriers to economic and social mobility amplify the voices of informal workers and build innovative solutions that address the discrimination and disinvestment that have harmed underserved communities. Research plays an essential role in supporting policy development advocacy and organizing campaigns that advance the fight for equity. ln 2024 EATs research Department launched unemployment focus groups and continued our guaranteed income work through the Chicago Future Fund.
$171,005 spent$275,000 earned by the program15% of program spendingThe Organizing Department of EAT is deeply rooted in the communities we serve operating on the belief that fostering relationships and nurturing leaders is integral to our mission. We actively engage in dialogues seeking to shed light on pertinent issues affecting our community while developing programs that are not just created for them but by them. Our approach to recruitment and retention within EAT is purposeful providing resources and knowledge to empower and enlighten our community members. We are committed to creating an environment where informal workers can envision new possibilities where individuals are equipped with the necessary skills to achieve their aspirations and where sustainable alternatives to detrimental state interventions are forged. In 2024 the Organizing Department further solidified EATs connections with community members through extensive outreach initiatives including weekly canvassing phone banking community gatherings unity dialogues and activating 5,000 men.
$778,117 spent$320,775 earned by the program68% of program spendingGeneral Programming EAT works within the informal economy to develop community led policies that transform public perception decriminalize participation remove barriers to employment and build equity.
$190,372 spent$190,372 earned by the program17% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,139,494.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $2.9M to $5.0M (+71%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of EQUITY AND TRANSFORMATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Richard Wallace
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 34 funders, grant income rose $55k → $3.0M.
15 of 63 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of EQUITY AND TRANSFORMATION’s funders (the co-funder graph). Top 30 of 63 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
EQUITY AND TRANSFORMATION has a broad base — no single funder exceeds 10% of grant income, and it takes 9 funders to reach half.
the vertical line marks half of all grant income — 9 funders to its left
56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund EQUITY AND TRANSFORMATION.
Largest funder’s share by year: 2019 100% · 2020 51% · 2021 15% · 2022 14% · 2023 19% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
100% of EQUITY AND TRANSFORMATION's funders are still giving 3 years after their first grant; 51% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
EQUITY AND TRANSFORMATION draws 80% of its grant income from funders outside Illinois, across 12 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.7M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
EQUITY AND TRANSFORMATION runs a healthier operating margin than three-quarters of the 7,349 human services nonprofits its size.
this organization peer median middle 50% of peers· 7,349 human services nonprofits $1M–$10M, FY2025
Organizations like EQUITY AND TRANSFORMATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
62% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for EQUITY AND TRANSFORMATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds EQUITY AND TRANSFORMATION?
- EQUITY AND TRANSFORMATION (Illinois) receives grants from 63 organizations whose IRS filings report $9,461,150 to it, the largest being WELLSPRING PHILANTHROPIC FUND INC ($961,250). 32 of them have funded it in more than one year.
- How many funders does EQUITY AND TRANSFORMATION have?
- IRS filings report 63 organizations giving $9,461,150 in grants to EQUITY AND TRANSFORMATION, 32 of which have funded it in more than one year.
- Who is the largest funder of EQUITY AND TRANSFORMATION?
- WELLSPRING PHILANTHROPIC FUND INC is the largest funder on record, with $961,250 in grants. The full list of funders is on this page.
- How can an organization like EQUITY AND TRANSFORMATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Equity and Transformation →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 63 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing