FREE FELLOWSHIP FOR RACE & EQUITY IN EDUCATION

EIN: 471809869 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$969,062
Total Expenses
$1,979,908
Total Assets
$709,154
Net Assets
$368,101
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DC
Principal Officer
MICHELLE MOLITOR
Phone
7346580713
Tax Period
2024-01-01 to 2024-12-31

FREE FELLOWSHIP FOR RACE & EQUITY IN EDUCATION, founded in 2014, is a small nonprofit in the Education sector that reported $969K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 104% operating deficit.

Mission

THE EQUITY LAB SEEKS TO DISRUPT RACIAL AND ETHNIC INEQUITY BY ENGAGING ORGANIZATIONS IN ISSUES OF RACE, EQUITY, DIVERSITY, AND INCLUSION (REDI).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,281
Program Service Revenue $795,444
Investment Income $18,337
Other Revenue $0
TOTAL REVENUE $969,062

Expense Breakdown

Grants Paid $52,100
Salaries & Benefits $1,344,782
Fundraising Expenses $322,723
Program Expenses $1,437,664
Other Expenses $503,026
TOTAL EXPENSES $1,979,908

Year-over-Year Comparison

2024 2023 Change
Revenue $969,062 $1,133,453 -0.1%
Expenses $1,979,908 $2,680,154 -0.3%
Net Income $-1,010,846 $-1,546,701 -0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
9
Volunteers
8

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$266,213
Total Directors
9
$266,213
Key Employees
2
$417,437
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE MOLITOR FOUNDER & EXECUTIVE DIRECTOR 40.00
Officer Director
$243,171 $23,042 $266,213
MAIA BLANKENSHIP CO-CHAIR 1.00
Officer Director
$0 $0 $0
LENORA ROBINSON MILLS CO-CHAIR 1.00
Officer Director
$0 $0 $0
KERRIEN SUAREZ SECRETARY 1.00
Officer Director
$0 $0 $0
MAURA MARINO TREASURER 1.00
Officer Director
$0 $0 $0
JOY BENTLEY PHILIPS DIRECTOR 1.00
Director
$0 $0 $0
KELLI DOSS DIRECTOR 1.00
Director
$0 $0 $0
FAIDA FULLER DIRECTOR 1.00
Director
$0 $0 $0
BUTCH TRUSTY DIRECTOR 1.00
Director
$0 $0 $0
BETHANY MOLITOR SENIOR PARTNER 40.00
Key Emp
$191,686 $14,494 $206,180
ALICIA ROBINSON SENIOR PARTNER 40.00
Key Emp
$195,186 $16,071 $211,257
ORPHEUS WILLIAMS SENIOR PARTNER - UNTIL 06/24 40.00
Highest
$121,913 $23,475 $145,388
MICHEAL BURDICK SENIOR PARTNER - UNTIL 06/24, CONSULTANT 15.00
Highest
$106,025 $8,840 $114,865
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $969,062 $1,979,908 $709,154 $-1,010,846
2023 $1,133,453 $2,680,154 $1,624,217 $-1,546,701
2022 $2,663,439 $2,495,433 $3,334,864 $168,006
2021 $1,808,810 $1,608,579 $3,098,047 $200,231
2020 $2,731,069 $1,086,707 $2,707,596 $1,644,362
2019 $1,507,042 $952,383 $1,098,109 $554,659
2018 $480,973 $606,523 $412,587 $-125,550
2016 $327,313 $275,715 $165,103 $51,598
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