Nonprofit · EIN 84-4391836
FINEQUITY INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $100,802 | $385,155 | -$284,353 | $752,753 | $2,129 | $750,624 |
| December 31, 2023 | 990 | $565,905 | $522,201 | $43,704 | $1,045,175 | $10,198 | $1,034,977 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $296,695
- Program service revenue
- $250
- Investment income
- $19,794
- Other revenue
- -$215,937
Expenses
- Grants and similar amounts paid
- $1,796
- Compensation of officers, directors and key employees
- $116,040
- Other salaries and wages
- $142,607
- Salaries, compensation and benefits (total)
- $297,155
- Professional fundraising fees
- $0
- Accounting fees
- $35,800
- Occupancy
- $8,291
- Program services (functional)
- $152,428
- Management and general (functional)
- $154,165
- Fundraising (functional)
- $78,562
Balance sheet and other
- Total assets, start of year
- $1,045,175
- Total assets, end of year
- $752,753
- Total liabilities, end of year
- $2,129
- Net assets, end of year
- $750,624
- Net assets without donor restrictions
- $608,611
- Net assets with donor restrictions
- $142,013
- Gross receipts
- $100,802
- Employees
- 11
- Volunteers
- 25
- Year formed
- 2019
- State of legal domicile
- NY
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 |
|---|---|---|---|
| Briane Cornish | Executive Director Officer | 40 | $116,040 |
| Joe Robinson | Co Vice Chair Trustee or director | 2 | $0 |
| Mitch Costom | Treasurer Trustee or director | 2 | $0 |
| Mark Shervington | Co Vice Chair Former | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIANE CORNISH | EXECUTIVE DIRECTOR Key employee | 40 | $166,659 |
| MARK SHERVINGTON | VICE CHAIRMAN Trustee or director | 0.5 | $0 |
| JOE ROBINSON | SECRETARY Trustee or director | 0.5 | $0 |
| CARL OWENS | TREASURER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 41 SCHERMERHORN STREET STE 1002, BROOKLYN, NY 11201-4802
- In care of
- % BRIANE CORNISH
- Mailing address (990-N for 2020)
- 41 Schermerhorn StreetSuite 1002, Brooklyn NY 11238
- Principal officer (990 for 2024)
- Briane Cornish, 41 Schermerhorn Street Ste 1002, Brooklyn, NY 11201
- Principal officer (990-N for 2020)
- Briane Cornish, 41 Schermerhorn Street, Suite 1002, brooklyn NY 11201
- Signed the 990
- BRIANE CORNISH, Executive Director
- Phone
- (646) 760-6655
- Website
- finequity.org
- Return prepared by
- Cory W Johnson CPA LLC
Mission
finEQUITY accelerates the prison-to-prosperity pipeline and addresses the financial toll that incarceration has on families by filling financial voids, establishing financial histories, and offering no-cost financial services.
Program accomplishments
- In 2024, finEQUITY operated its flagship Prosperity Program, a comprehensive platform combining monthly rewards, financial coaching, micro-grants, and credit-buillding services. Participants earned incentives for actions such as on-time debt payments and saving contributions, while also accessing coaching and referrals to strengthen credit. This integrated approach helped justice-impacted individuals build credit, sustain savings habits, and overcome systemic financial barriers during reentry.Expenses $152,428 · grants $1,796 · revenue $250
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
- 84-4391836
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I40)
- Assets (IRS master file)
- $752,753
- Income (IRS master file)
- $100,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $100,802 | $385,155 | $752,753 | XML |
| 990 | December 2023 | $565,905 | $522,201 | $1,045,175 | XML |
| 990 | December 2022 | $947,411 | $275,432 | $1,001,732 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Briane Cornish | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-4391836).
Questions about FINEQUITY INC
- What is the EIN of FINEQUITY INC?
- The employer identification number (EIN) of FINEQUITY INC is 84-4391836.
- Is FINEQUITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FINEQUITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINEQUITY INC 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 FINEQUITY INC 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 FINEQUITY INC 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 FINEQUITY INC?
- The 990 for the year ended December 31, 2024 names Briane Cornish.
- Who are the officers and directors of FINEQUITY INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $116,040 (Briane Cornish, Executive Director).
- How much revenue does FINEQUITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $100,802, expenses of $385,155 and total assets of $752,753 at year end.
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