INVESTIGATIVE PROJECT ON RACE & EQUITY

EIN: 881422150 501(c)(3) Education

CHICAGO, IL

Total Revenue
$368,921
Total Expenses
$305,710
Total Assets
$279,311
Net Assets
$279,311
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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
2021
Legal Domicile
IL
Principal Officer
LAURA S WASHINGTON
Phone
7194528664
Tax Period
2024-01-01 to 2024-12-31

INVESTIGATIVE PROJECT ON RACE & EQUITY, founded in 2021, is a small nonprofit in the Education sector that reported $369K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 17% operating margin.

Mission

THE INVESTIGATIVE PROJECT ON RACE AND EQUITY TRAINS JOURNALISTS IN DATA-DRIVEN REPORTING AND COLLABORATES WITH NEWS ORGANIZATIONS TO UNCOVER SYSTEMIC RACISM.

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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 $358,723
Program Service Revenue $0
Investment Income $10,198
Other Revenue $0
TOTAL REVENUE $368,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $22,284
Program Expenses $259,376
Other Expenses $305,710
TOTAL EXPENSES $305,710

Year-over-Year Comparison

2024 2023 Change
Revenue $368,921 $235,282 +0.6%
Expenses $305,710 $50,201 +5.1%
Net Income $63,211 $185,081 -0.7%
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
3
Independent Members
3
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN BLACKISTONE DIRECTOR 2.00
Director
$0 $0 $0
RUI KANEYA DIRECTOR 2.00
Director
$0 $0 $0
LAURA WASHINGTON PRESIDENT 10.00
Officer
$0 $0 $0
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 $368,921 $305,710 $279,311 $63,211
2023 $235,282 $50,201 $216,100 $185,081
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