California · Nonprofit
PROJECT EQUITY
PROJECT EQUITY (California) receives grants from 15 organizations whose IRS filings report $4,577,500 to it, the largest being The Kendeda Fund ($1,692,500). 2 of them have funded it in more than one year.
- Revenue FY2025
- $8.3M
- Funders on record
- 15
- Grants received
- $4.6M
- Net assets
- $9.6M
What Project Equity does
Mission
Project Equity is a national leader in the movement to harness employee ownership to maintain thriving local business communities, honor selling owners legacies, and address income and wealth inequality.
As stated on its FY2025 Form 990.
Program
Project Equity works with partners around the country to raise awareness about employee ownership as an exit startegy for business owners, and as an important approach for increasing employee enagagement and well being. We also provide hands on consulting, support and financing to companies that want to transition to employee ownership, as well as, to the new employee-owners to ensure they and their business thrive after transition.
$1,535,583 spent$7,613,666 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,535,583.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 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 2024 to 2025, from $4.9M to $16M (+220%).
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.
95% of PROJECT EQUITY’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 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
Evan Edwards
President CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2022: the base broadened from 1 funder to 2 funders, grant income rose $4k → $1.7M.
6 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 19% 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 PROJECT EQUITY’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
PROJECT EQUITY leans on a few funders — its largest provides 37% of grant income and the top three 72%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
41% 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 PROJECT EQUITY.
Largest funder’s share by year: 2018 100% · 2019 100% · 2021 100% · 2022 99% — 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
PROJECT EQUITY draws 72% of its grant income from funders outside California, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $884k arriving through sponsors registered in 6 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
PROJECT EQUITY runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like PROJECT EQUITY
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 California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
5%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Pe Fund II LLC · disregarded
- Pe Fund II LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for PROJECT EQUITY: 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 PROJECT EQUITY?
- PROJECT EQUITY (California) receives grants from 15 organizations whose IRS filings report $4,577,500 to it, the largest being The Kendeda Fund ($1,692,500). 2 of them have funded it in more than one year.
- How many funders does PROJECT EQUITY have?
- IRS filings report 15 organizations giving $4,577,500 in grants to PROJECT EQUITY, 2 of which have funded it in more than one year.
- Who is the largest funder of PROJECT EQUITY?
- The Kendeda Fund is the largest funder on record, with $1,692,500 in grants. The full list of funders is on this page.
- How can an organization like PROJECT EQUITY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. 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 Project Equity →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 15 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