Washington, D.C. · Nonprofit
INNOVATION FOR EQUITY INC
INNOVATION FOR EQUITY INC (Washington, D.C.) receives grants from 11 organizations whose IRS filings report $1,672,875 to it, the largest being Silicon Valley Community Foundation ($1,200,000). 1 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $550k
- Funders on record
- 11
- Grants received
- $1.7M
- Net assets
- $85k
What Innovation for Equity Inc does
Mission
Innovation for equity connects and cultivates black leaders across education ecosystems to build collective power and advance innovative solutions, shaping a future where black learners of all ages thrive.
As stated on its FY2024 Form 990.
Program
Innovation for equity (ife) convenes and supports inspiring leaders from across the education and workforce sector who are united in their commitment to disrupt the status quo and improve outcomes for black learners of all ages. Ife's senior leaders fellowship program is designed to increase the pipeline of proximate senior leaders across the education ecosystem. Since 2019 ife has hosted annual in-person and virtual summits allowing black leaders and allies across the education ecosystem to connect, collaborate, and disseminate thought leadership. Ife also leverages research to identify, codify, and share what is driving outcomes for black leaders. Finally, ife has created annual awards for leaders that have leveraged innovation to improve outcomes for black learners.
$530,154 spent$39,400 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $530,154.
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 2021 to 2022, from $1.1M to $724k (−31%).
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.
93% of INNOVATION FOR EQUITY INC’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 4 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
Angela Romans
Executive director
As listed on its FY2024 Form 990.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $800k → $406k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 73% 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 INNOVATION FOR EQUITY INC’s funders (the co-funder graph). 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
INNOVATION FOR EQUITY INC leans on a few funders — its largest provides 72% of grant income and the top three 90%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
89% 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 INNOVATION FOR EQUITY INC.
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 98% — broadly stable.
“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.
Where its funders are
73% of INNOVATION FOR EQUITY INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $453k that is directly attributable, 100% of it comes from funders outside Washington, D.C., across 9 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 2 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
INNOVATION FOR EQUITY INC's revenue fell 52% between 2021 and 2024.
this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024
Organizations like INNOVATION FOR EQUITY INC
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 Washington, D.C.
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
63% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for INNOVATION FOR EQUITY INC: 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 INNOVATION FOR EQUITY INC?
- INNOVATION FOR EQUITY INC (Washington, D.C.) receives grants from 11 organizations whose IRS filings report $1,672,875 to it, the largest being Silicon Valley Community Foundation ($1,200,000). 1 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does INNOVATION FOR EQUITY INC have?
- IRS filings report 11 organizations giving $1,672,875 in grants to INNOVATION FOR EQUITY INC, 1 of which have funded it in more than one year.
- Who is the largest funder of INNOVATION FOR EQUITY INC?
- Silicon Valley Community Foundation is the largest funder on record, with $1,200,000 in grants. The full list of funders is on this page.
- How can an organization like INNOVATION FOR EQUITY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. 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 Innovation for Equity →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 11 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 14, 2026. What this page cannot tell you · view filing