Nonprofit · EIN 27-4424115
PARTNERSHIP FOR SOUTHERN EQUITY
Also known as EQUITY ATLANTA
Tax-exempt · ATLANTA, GA 30308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,771,450 | $11,717,126 | -$4,945,676 | $23,100,622 | $7,595,745 | $15,504,877 |
| December 31, 2023 | 990 | $9,893,090 | $11,332,542 | -$1,439,452 | $28,062,345 | $7,611,792 | $20,450,553 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,321,915
- Program service revenue
- $936,934
- Investment income
- $35,690
- Net rental income
- $419,475
- Other revenue
- $476,911
Expenses
- Grants and similar amounts paid
- $2,182,500
- Compensation of officers, directors and key employees
- $1,219,512
- Other salaries and wages
- $2,271,220
- Salaries, compensation and benefits (total)
- $4,297,206
- Professional fundraising fees
- $0
- Legal fees
- $15,221
- Accounting fees
- $356,679
- Travel
- $211,022
- Depreciation
- $206,266
- Program services (functional)
- $8,819,476
- Management and general (functional)
- $2,897,650
Balance sheet and other
- Total assets, start of year
- $28,062,345
- Total assets, end of year
- $23,100,622
- Total liabilities, end of year
- $7,595,745
- Net assets, end of year
- $15,504,877
- Land, buildings and equipment
- $8,168,900
- Net assets without donor restrictions
- $10,522,890
- Net assets with donor restrictions
- $4,981,987
- Gross receipts
- $6,771,450
- Employees
- 74
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NATHANIEL SMITH | CHIEF EQUITY OFFICER/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $339,616 | $0 |
| JOEL ALVARADO | STRATEGY & ENGAGMENT VICE PRESIDENT Key employee | 40 | $148,200 | $7,290 |
| JOHN B HAMMOND | IMPACT VICE PRESIDENT Key employee | 40 | $147,785 | $7,265 |
| KWAKU GEORGE | PAST TREASURER/CURRENT CONSULTANT Officer, Former | 40 | $143,885 | $0 |
| MARQUESE K AVERETT | PROGRAM DIRECTOR Highest-paid employee | 40 | $109,435 | $5,452 |
| KAZIEM WOODBURY | PROGRAM DIRECTOR Highest-paid employee | 40 | $104,088 | $5,114 |
| JESSICA E DANIELS | PROGRAM DIRECTOR Highest-paid employee | 40 | $104,940 | $4,126 |
| LAVONYA L JONES | PROGRAM DIRECTOR Highest-paid employee | 40 | $105,099 | $0 |
| SUZANNE BURNES | PROGRAM DIRECTOR Highest-paid employee | 40 | $104,940 | $0 |
| RYAN GRAVEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER MARQUARDT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VICTORIA SEALS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SANDRA BARNHILL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MELANIE WINFIELD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELIZABETH SWANN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY CHEN | BOARD MEMBER Trustee or director | 2 | $0 |
| DONALD PHOENIX | TREASURER Trustee or director | 2 | $0 |
| JAMI BUCK-VANCE | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CHRISTOPHER BURKE | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHANIEL SMITH | CHIEF EQUITY OFFICER Officer | 40 | $325,000 |
| RYAN GRAVEL | BOARD MEMBER Trustee or director | 2 | $0 |
| DONALD PHOENIX | BOARD MEMBER Trustee or director | 2 | $0 |
| CHRISTOPHER MARQUARDT | BOARD MEMBER Trustee or director | 2 | $0 |
| SANDRA BARNHILL | BOARD MEMBER Trustee or director | 2 | $0 |
| MELANIE MOORE | BOARD MEMBER Trustee or director | 2 | $0 |
| MELANIE WINFIELD | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIZABETH SWANN | BOARD MEMBER Trustee or director | 2 | $0 |
| AMY CHEN | BOARD MEMBER Trustee or director | 2 | $0 |
| BRIAN GIST | SECRETARY Trustee or director, Officer | 2 | $0 |
| KWAKU GEORGE | TREASURER Trustee or director, Officer | 2 | $0 |
| JAMI BUCK-VANCE | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| CHRISTOPHER BURKE | CHAIRMAN Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 55 IVAN ALLEN JR BLVD NW STE 530, ATLANTA, GA 30308-3054
- Principal officer (990 for 2024)
- NATHANIEL Q SMITH, 667 FAIRBURN RD NW, ATLANTA, GA 30331
- Signed the 990
- NATHANIEL Q SMITH, CHIEF EQUITY OFFICER
- Phone
- (678) 383-7774
- Website
- www.psequity.org
- Return prepared by
- MARTIN HARPS SYPHOE & CO
Mission
PARTNERSHIP FOR SOUTHERN EQUITY (PSE) PUSHES FOR POLICIES AND ACTIONS THAT PROMOTE EQUITY AND SHARED PROSPERITY IN METROPOLITAN ATLANTA. THROUGH FORUMS, RESEARCH, AND ORGANIZING EFFORTS, PSE BRINGS TOGETHER THE REGIONAL COMMUNITY TO LIFT
Program accomplishments
- JUST ENERGY AND JUSTICE 40 ACCELERATON (ENERGY EQUITY)- PSE WORKS WITH ITS PARTNERS TO EDUCATE AND ENGAGE LOW-INCOME COMMUNITIES OF COLOR ABOUT THE SOURCING AND COMMODIFICATION OF POWER GENERATION IN GEORGIA.Expenses $913,683
- JUST GROWTH(EQUITABLE DEVELOPMENT) - PSE HAS CREATED A POWERFUL COMMUNITY ENGAGEMENT PLATFORM FOR RESIDENTS OF ALL RACES, INCOMES, AND BACKGROUNDS TO INFLUENCE DECISION-MAKING WITHIN DEVELOPMENT PROJECTS THAT IMPACT THEM (E.G. HOUSING, RETAIL, INFRASTRUCTURE, TRANSPORTATION).Expenses $2,331,068 · grants $555,000 · revenue $33,039
- JUSTICE40 ACCELERATOR - THIS IS A COLLABORATIVE PARTNERSHIP PROGRAM, WHICH SUPPORTS ORGANIZATIONS ADDRESSING CLIMATE, ENVIRONMENT, AND SOCIAL INJUSTICES IN THEIR COMMUNITIES.IT HELPS UNDERFUNDED FRONTLINE ORGANIZATIONS ACCESS FUNDING FROM VARIOUS GOVERNMENT ENTITIES BY PROVIDING TECHNICAL ASSISTANCE, PROJECT PRE-DEVELOPMENT FUNDING, AND STRATEGIC COMMUNICATION TOOLS.Expenses $2,532,331 · grants $1,500,000
- EXPENSES FOR OTHER PROGRAMS - JUST OPPORTUNITY $745,111, JUST HEALTH $875,677 JUST SOLUTIONS $635,810 AND YES!FOR EQUITY $785,796Expenses $3,042,394 · grants $127,500 · revenue $920,791
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4424115
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $23,100,622
- Income (IRS master file)
- $6,771,450
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,771,450 | $11,717,126 | $23,100,622 | XML |
| 990 | December 2023 | $9,893,090 | $11,332,542 | $28,062,345 | XML |
| 990 | December 2022 | $16,032,112 | $8,456,331 | $21,164,208 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4424115).
Questions about PARTNERSHIP FOR SOUTHERN EQUITY
- What is the EIN of PARTNERSHIP FOR SOUTHERN EQUITY?
- The employer identification number (EIN) of PARTNERSHIP FOR SOUTHERN EQUITY is 27-4424115.
- Is PARTNERSHIP FOR SOUTHERN EQUITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PARTNERSHIP FOR SOUTHERN EQUITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARTNERSHIP FOR SOUTHERN EQUITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARTNERSHIP FOR SOUTHERN EQUITY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARTNERSHIP FOR SOUTHERN EQUITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARTNERSHIP FOR SOUTHERN EQUITY?
- The 990 for the year ended December 31, 2024 names NATHANIEL Q SMITH.
- Who are the officers and directors of PARTNERSHIP FOR SOUTHERN EQUITY?
- The 990 for the year ended December 31, 2024 lists 19 people; 9 received compensation from the organization, the highest $339,616 (NATHANIEL SMITH, CHIEF EQUITY OFFICER/EXECUTIVE DIRECTOR).
- How much revenue does PARTNERSHIP FOR SOUTHERN EQUITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,771,450, expenses of $11,717,126 and total assets of $23,100,622 at year end.
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