Nonprofit · EIN 46-4528066
EQUAL CHANCE FOR EDUCATION
Tax-exempt · NASHVILLE, TN 37205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,662,451 | $1,751,472 | -$89,021 | $261,283 | $36,647 | $224,636 |
| June 30, 2024 | 990 | $1,673,338 | $1,712,482 | -$39,144 | $327,663 | $14,006 | $313,657 |
| June 30, 2023 | 990 | $2,020,161 | $1,815,980 | $204,181 | $377,046 | $25,745 | $351,301 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,650,482
- Program service revenue
- $0
- Investment income
- $2,118
- Net income from fundraising events
- $9,851
- Other revenue
- $9,851
Expenses
- Grants and similar amounts paid
- $1,368,847
- Compensation of officers, directors and key employees
- $90,000
- Other salaries and wages
- $139,735
- Salaries, compensation and benefits (total)
- $247,309
- Professional fundraising fees
- $0
- Accounting fees
- $26,950
- Occupancy
- $10,500
- Travel
- $4,212
- Depreciation
- $97
- Program services (functional)
- $1,532,782
- Management and general (functional)
- $94,092
- Fundraising (functional)
- $124,598
Balance sheet and other
- Total assets, start of year
- $327,663
- Total assets, end of year
- $261,283
- Total liabilities, end of year
- $36,647
- Net assets, end of year
- $224,636
- Land, buildings and equipment
- $1,845
- Net assets without donor restrictions
- $192,136
- Net assets with donor restrictions
- $32,500
- Gross receipts
- $1,712,327
- Employees
- 5
- Volunteers
- 128
- Year formed
- 2014
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAQUEL OLUYEMO | EXECUTIVE DI Officer | 35 | $90,000 |
| RICHARD RHODA | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| NEIL KRUGMAN | VICE CHAIRME Trustee or director, Officer | 1 | $0 |
| EDMUNDO CEPEDA | TREASURER Trustee or director, Officer | 1 | $0 |
| SAGHI ASGARIFAR | SECRETARY Trustee or director, Officer | 1 | $0 |
| MATTHEW ASHWOOD | DEVELOPMENT Trustee or director | 1 | $0 |
| MICHAEL SPALDING | FOUNDER Trustee or director | 1 | $0 |
| ROSS GLOTZBACH | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES ROBERT BONE | DIRECTOR Trustee or director | 1 | $0 |
| RANDY BOYD | DIRECTOR Trustee or director | 1 | $0 |
| MONICA CINTADO | DIRECTOR Trustee or director | 1 | $0 |
| JIM COOPER | DIRECTOR Trustee or director | 1 | $0 |
| GREG DAILY | DIRECTOR Trustee or director | 1 | $0 |
| ABENA ECHTERNACH | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE GARRETT | DIRECTOR Trustee or director | 1 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD GIOIA | DIRECTOR Trustee or director | 1 | $0 |
| SAM HATCHER | DIRECTOR Trustee or director | 1 | $0 |
| MARK HAZELWOOD | DIRECTOR Trustee or director | 1 | $0 |
| JAY JOYNER | DIRECTOR Trustee or director | 1 | $0 |
| DAVE MAHANES | DIRECTOR Trustee or director | 1 | $0 |
| EVILA MELGOZA | DIRECTOR Trustee or director | 1 | $0 |
| JAMES MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA WISEMAN MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| SYLVIA RAPOPORT | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY SPEYER | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY SPRADLEY | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA TILLERY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAQUEL OLUYEMO | EXECUTIVE DI Officer | 30 | $30,000 |
| SAGHI ASGARIFAR | SECRETARY Trustee or director, Officer | 1 | $0 |
| EDMUNDO CEPEDA | TREASURER Trustee or director, Officer | 1 | $0 |
| CHARLES ROBERT BONE | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MONICA CINTADO | DIRECTOR Trustee or director | 1 | $0 |
| GREG DAILY | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE GARRETT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SAM HATCHER | DIRECTOR Trustee or director | 1 | $0 |
| JAY JOYNER | DIRECTOR Trustee or director | 1 | $0 |
| NEIL KRUGMAN | VICE CHAIRME Trustee or director, Officer | 1 | $0 |
| ROSS GLOTZBACH | WEST DIVISIO Trustee or director, Officer | 1 | $0 |
| DAVE MAHANES | DIRECTOR Trustee or director | 1 | $0 |
| JAMES MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA WISEMAN MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD RHODA | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MATTHEW ASHWOOD | DEVELOPMENT Trustee or director, Officer | 1 | $0 |
| MICHAEL SPALDING | FOUNDER Trustee or director, Officer | 20 | $0 |
| ANGELA TILLERY | DIRECTOR Trustee or director | 1 | $0 |
| EVILA MELGOZA | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY SPEYER | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY SPRADLEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAQUEL OLUYEMO | EXECUTIVE DI Trustee or director, Officer | 30 | $90,000 |
| SAGHI ASGARIFAR | SECRETARY Trustee or director | 1 | $0 |
| CHARLES ROBERT BONE | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MONICA CINTADO | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM CRENSHAW | DIRECTOR Trustee or director, Officer | 1 | $0 |
| GREG DAILY | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE GARRETT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SAM HATCHER | DIRECTOR Trustee or director | 1 | $0 |
| JAY JOYNER | DIRECTOR Trustee or director | 1 | $0 |
| NEIL KRUGMAN | VICE CHAIRME Trustee or director | 1 | $0 |
| ROSS GLOTZBACH | WEST DIVISIO Trustee or director | 1 | $0 |
| KENYATTA LOVETT | DIRECTOR Trustee or director | 1 | $0 |
| DAVE MAHANES | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN MCGRANER | CHAIRMAN Trustee or director | 1 | $0 |
| JAMES MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA WISEMAN MUNRO | DIRECTOR Trustee or director | 1 | $0 |
| RAYMOND PIRTLE | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD RHODA | BOARD CHAIR Trustee or director | 1 | $0 |
| MATTHEW ASHWOOD | DEVELOPMENT Trustee or director | 1 | $0 |
| KEVIN SIVANERI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SPALDING | FOUNDER Trustee or director | 20 | $0 |
| ANGELA TILLERY | DIRECTOR Trustee or director | 1 | $0 |
| TREY LIPMAN | DIRECTOR Trustee or director | 1 | $0 |
| JACKIE SHRAGO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 73 WHITE BRIDGE ROAD, NASHVILLE, TN 37205-1444
- In care of
- % JOSEPH W GIBBS
- Principal officer (990 for 2024)
- RAQUEL OLUYEMO, 73 WHITE BRIDGE ROAD 103 BOX 351, NASHVILLE, TN 37205
- Signed the 990
- RAQUEL OLUYEMO, EXECUTIVE DIRECTOR
- Phone
- (713) 208-7595
- Return prepared by
- BLANKENSHIP CPA GROUP PLLC
Mission
OUR GOAL IS TO PROVIDE AN EQUAL OPPORTUNITY TO ACHIEVE THE AMERICAN DREAM THROUGH THE COMPLETION OF A COLLEGE EDUCATION BY PROVIDING DIRECT PAYMENT SCHOLARSHIPS TO EDUCATION INSTITUTIONS.
Program accomplishments
- ECE PROVIDES PROGRAMMING, MENTORSHIP, CAREER GUIDANCE AND SCHOLARSHIPS IN PARTNERSHIP WITH COLLEGES AND UNIVERSITIES ACROSS THE STATE OF TN. PARTNER COLLEGES PROVIDE A NEGOTIATED INSTITUTIONAL RATE FOR ECE SCHOLARS TO CREATE PATHWAYS FOR COLLEGE PERSISTENCE. EACH ECE SCHOLARSHIP IS 6,250, THE ECE SCHOLAR AND FAMILY ARE ASKED TO CONTRIBUTE 4,000 TOWARD TUITION, AND THE PARTNER COLLEGE PROVIDES INSTITUTIONAL FUNDING TOWARD THE REMAINING BALANCE, ON AVERAGE THIS IS AN IN-KIND GIFT OF 21,000 PER STUDENT PER YEAR. ECE COMMITS TO SUPPORTING SCHOLARS BEYOND THE SCHOLARSHIP DOLLARS BY CREATING PROGRAMMING AND PROVIDING RESOURCES TO RETAIN AND FOSTER CAREER READY GRADUATES.Expenses $1,532,782 · grants $1,368,847
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4528066
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $261,283
- Income (IRS master file)
- $1,712,327
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,662,451 | $1,751,472 | $261,283 | IRS |
| 990 | June 2024 | $1,673,338 | $1,712,482 | $327,663 | IRS |
| 990 | June 2023 | $2,020,161 | $1,815,980 | $377,046 | XML |
| 990 | June 2022 | $1,797,877 | $1,830,352 | $309,155 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 46-4528066).
Questions about EQUAL CHANCE FOR EDUCATION
- What is the EIN of EQUAL CHANCE FOR EDUCATION?
- The employer identification number (EIN) of EQUAL CHANCE FOR EDUCATION is 46-4528066.
- Is EQUAL CHANCE FOR EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to EQUAL CHANCE FOR EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EQUAL CHANCE FOR EDUCATION 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 EQUAL CHANCE FOR EDUCATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EQUAL CHANCE FOR EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EQUAL CHANCE FOR EDUCATION?
- The 990 for the year ended June 30, 2025 names RAQUEL OLUYEMO.
- Who are the officers and directors of EQUAL CHANCE FOR EDUCATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 1 received compensation from the organization, the highest $90,000 (RAQUEL OLUYEMO, EXECUTIVE DI).
- How much revenue does EQUAL CHANCE FOR EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,662,451, expenses of $1,751,472 and total assets of $261,283 at year end.
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