EQUILIBERTY COMMUNITY IMPACT FOUNDATION

EIN: 931511584 501(c)(3) Human Services

Houston, TX

Total Revenue
$322,053
Total Expenses
$198,887
Total Assets
$123,166
Net Assets
$123,166
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
Phillip Yates
Phone
8323180378
Tax Period
2025-01-01 to 2025-12-31

EQUILIBERTY COMMUNITY IMPACT FOUNDATION, founded in 2023, is a small nonprofit in the Human Services sector that reported $322K in total revenue in fiscal year 2025. Revenue surged 399% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 38% operating margin.

Mission

ECIF is a nonprofit organization that was founded in 2023 with a mission to reduce the wealth gap and increase economic mobility for small businesses and entrepreneurs from under-capitalized communities. Through our programming, we are cultivating an environment where individuals and families that reside in under-capitalized communities have access to financial literacy and entrepreneurship training, wealth building resources, innovative solutions and community-driven initiatives that foster financial inclusion and sustainable economic community growth.

Program Service Accomplishments

Program 1
Expenses: $77,000 Revenue: $0

In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through...

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In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways. Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $20,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond. Below is the expenses for BEW 2025.

Program 2
Expenses: $65,137 Revenue: $0

In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through...

Read more

In 2025, the Equiliberty Community Impact Foundation continued to expand its mission of empowering entrepreneurs, strengthening communities, and advancing pathways to wealth-building through education, innovation, and access to opportunity. One of the organization's major accomplishments was the successful hosting of its fifth annual Black Entrepreneurs Week and fourth annual Latino Entrepreneurs Week, two flagship initiatives that bring together founders, small business owners, investors, and community leaders to celebrate entrepreneurship and provide critical resources for business growth. These programs continue to serve as powerful platforms for collaboration, education, and economic empowerment. In addition, Equiliberty launched its pilot Youth Entrepreneurship and Workforce Development Program in the Alief Independent School District, marking an important step in expanding programming for the next generation of entrepreneurs. The initiative introduced students to the fundamentals of entrepreneurship, financial literacy, and career pathways. Across all programming in 2025, Equiliberty hosted approximately 30 events through its various flagship initiatives, welcoming more than 10,000 attendees at in-person events throughout the year. Through strategic media partnerships-including podcasts, radio, and television-the organization also extended its reach to over 1 million individuals online, amplifying its message and educational content to a broader audience. Equiliberty also continued to invest directly in entrepreneurs by hosting multiple pitch competitions, awarding more than $20,000 in grants to emerging founders and small businesses to help support their growth and development. A major milestone for the organization in 2025 was being accepted into the JPMorgan Chase Workforce Collaborative in Houston, Texas. As part of this partnership, Equiliberty received its first institutional sustainability grant, providing critical support to help scale its programs, expand its impact, and continue building long-term economic opportunity within the communities it serves. Through these efforts, 2025 represented another year of meaningful progress for Equiliberty Community Impact Foundation as it continues working to empower entrepreneurs and strengthen the economic future of communities across Houston and beyond. Below is the expense report for LEW 2025.

Program 3
Expenses: $46,250 Revenue: $0

This initiative aligns with the Foundation's broader focus on youth development and workforce preparation. In 2025, the organization also began launching its Youth Entrepreneurship and Workforce...

Read more

This initiative aligns with the Foundation's broader focus on youth development and workforce preparation. In 2025, the organization also began launching its Youth Entrepreneurship and Workforce Development (YEW) initiative, including a pilot program in Alief Independent School District. The program is designed to support students beginning in the ninth grade and continuing through their transition into college and early career stages, with programming intended to assist participants up to approximately age 24 as they enter the workforce. By supporting educational and career development opportunities for young people, the Foundation aims to strengthen pathways to entrepreneurship, workforce participation, and long-term economic mobility.

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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 (2025)

Revenue Breakdown

Contributions & Grants $322,053
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $322,053

Expense Breakdown

Grants Paid $66,250
Salaries & Benefits $10,500
Fundraising Expenses $0
Program Expenses $188,387
Other Expenses $122,137
TOTAL EXPENSES $198,887

Year-over-Year Comparison

2025 2024 Change
Revenue $322,053 $64,544 +4.0%
Expenses $198,887 $66,116 +2.0%
Net Income $123,166 $-1,572 -79.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
75

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
0
$0
Total Directors
9
$0
Key Employees
3
$10,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Phillip Yates President and CEO 40
Key Emp
$4,500 $0 $4,500
Kodi Bailey COO and CFO 40
Key Emp
$3,500 $0 $3,500
Rachel Howard CTO and Data Compliance Officer 40
Key Emp
$2,500 $0 $2,500
Marlon Jackson Board of Director 0.05
Director
$0 $0 $0
Carl Brown Jr Board of Director 0.05
Director
$0 $0 $0
Paula Rodriguez Board of Director 0.05
Director
$0 $0 $0
Melanie Dukes Board of Director 0.05
Director
$0 $0 $0
Keith Donkor Board of Director 0.05
Director
$0 $0 $0
Alphonso Anderson Board of Director 0.05
Director
$0 $0 $0
Reginald Lillie II Board of Director 0.05
Director
$0 $0 $0
Teena Adams Board of Director 0.05
Director
$0 $0 $0
Regis Devonish Board of Director 0.05
Director
$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
2025 $322,053 $198,887 $123,166 $123,166
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