Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 84-5001046

REQUITY FOUNDATION INC

Tax-exempt · BALTIMORE, MD 21231

Financials

$230K$297K2023$1.1M$699K2024
Revenue Expenses · by fiscal year end
Financials of REQUITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,116,810$699,249$417,561$870,316$101,173$769,143
December 31, 2023990$230,198$296,952-$66,754$336,821$828$335,993
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,105,738
of which government grants
$624,011
Program service revenue
$8,461
Investment income
$0
Other revenue
$2,611

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$22,692
Other salaries and wages
$398,295
Salaries, compensation and benefits (total)
$453,703
Professional fundraising fees
$0
Occupancy
$27,679
Travel
$13,973
Program services (functional)
$511,100
Management and general (functional)
$118,575
Fundraising (functional)
$69,574

Balance sheet and other

Total assets, start of year
$336,821
Total assets, end of year
$870,316
Total liabilities, end of year
$101,173
Net assets, end of year
$769,143
Net assets without donor restrictions
$650,393
Net assets with donor restrictions
$118,750
Gross receipts
$1,116,810
Employees
57
Volunteers
40
Year formed
2020
State of legal domicile
MD

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.

NameTitleHours / weekCompensation
MICHAEL ROSENBANDEXECUTIVE DIRECTOR
Officer
40$22,692
SEEMA IYERPRESIDENT
Trustee or director, Officer
5$0
AMY SHEININVICE PRESIDENT
Trustee or director, Officer
3$0
MONICA BRADLEYSECRETARY
Trustee or director, Officer
3$0
ERICH BURGERTREASURER
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
STANELY ARNOLDTREASURER
Trustee or director, Officer
5$0
MONICA BRADLEYSECRETARY
Trustee or director, Officer
5$0
STERLING HARDYCOMMUNICATIO
Trustee or director
5$0
MICHAEL ROSENBANDEXECUTIVE DI
Trustee or director, Officer
40$0
AMY SHEININMEMBER AT LA
Trustee or director
5$0

Address and contacts

Address (IRS master file)
20 S MADEIRA ST, BALTIMORE, MD 21231-2024
In care of
% MICHAEL ROSENBAND
Principal officer (990 for 2024)
MICHAEL ROSENBAND, 2142 PRESSTMAN ST, BALTIMORE, MD 21217
Signed the 990
MICHAEL ROSENBAND, EXECUTIVE DIRECTOR
Phone
(410) 404-0322
990-N for 2021 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: MICHAEL ROSENBAND, 20 S MADEIRA ST, BALTIMORE MD 21231. Mailing address: 20 S MADEIRA ST, BALTIMORE MD 21231. Website: REQUITY.ORG
Return prepared by
KAHN BERMAN SOLOMON TAIBEL & MOGOL PA

Mission

TO BREAK DOWN BARRIERS BETWEEN VOCATIONAL EDUCATION AND THE WORKFORCE BY PREPARING STUDENTS TO PURSUE THEIR DREAMS AND BUILD THE FUTURE THEY IMAGINE.

990 for the year ended December 31, 2024

Program accomplishments

  • BUSINESS - BUSINESS STUDENTS RUN REQUITY'S FULLY OPERATIONAL SOCIAL ENTERPRISE, THE PRINT & PRESS SHOP, WHERE STUDENTS MANAGE REAL CLIENT ORDERS FOR BRANDED APPAREL AND SIGNAGE, HANDLING EVERYTHING FROM COST ANALYSIS AND ORDER TRACKING TO FULFILLMENT AND VENDOR COORDINATION. STUDENTS LEARN BUDGETING, PRICING, INVOICING, INVENTORY TRACKING, AND CUSTOMER ENGAGEMENT, GIVING THEM EXPERIENCE IN ENTREPRENEURSHIP, FINANCE, AND LEADERSHIP - DEVELOPING THE MINDSET AND SKILLS TO BECOME CONFIDENT CHANGEMAKERS AND FUTURE BUSINESS LEADERS.
    Expenses $161,684 · revenue $1,311
  • CONSTRUCTION - OUR CONSTRUCTION PROGRAM AUGMENTS EXISTING VOCATIONAL EDUCATION WITH AN INTERDISCIPLINARY, ENERGY-EFFICIENT BUILDING CONSTRUCTION CURRICULUM, DESIGNED TO BRIDGE THE GAP BETWEEN CLASSROOM THEORY AND REAL-WORLD PRACTICAL EXPERIENCES THROUGH THE RESEARCH, DESIGN, RENOVATION, AND ULTIMATELY OWNERSHIP TRANSFER. OUR SIGNATURE CONSTRUCTION PILOT PROJECT, CARVER HOUSE, IS RENOVATING A VACANT ROWHOUSE ACROSS FROM CARVER VOCATIONAL TECHNICAL HIGH SCHOOL INTO AN AFFORDABLE NET-ZERO HOME THAT WILL BE SOLD TO A STUDENT'S MOTHER.
    Expenses $131,284 · revenue $7,261
  • COMMUNITY - THE REQUITY FOUNDATION IS DEDICATED TO EMPOWERING STUDENTS AT CARVER VOCATIONAL-TECHNICAL HIGH SCHOOL AND RESIDENTS OF THE SURROUNDING ROSEMONT COMMUNITY BY PROVIDING MEANINGFUL OPPORTUNITIES. REQUITY'S GOAL IS TO FORGE SUSTAINABLE PARTNERSHIPS, FOSTER A RENEWED SENSE OF COMMUNITY, STRENGTHEN INFRASTRUCTURE, AND BOLSTER CONNECTIONS TO THE LOCAL ECONOMY, ALL WITH THE AIM OF ENSURING LONG-TERM NEIGHBORHOOD STABILITY. THE LARGEST COMMUNITIY INITIATIVE IF PLEASANT PRESSTMAN, WHICH AIMS TO EMPOWER RESIDENTS BY GRANTING THEM OWNERSHIP OF THEIR NEIGHBORHOOD AND AMPLIFYING THEIR VOICE IN ITS DEVELOPMENT. REQUITY PRIORITIZES CONTRIBUTING TO NEIGHBORHOOD BEAUTIFICATION AND SAFETY. THROUGH FUNDING AND COMMUNITY PARTNERSHIPS, THEY CONTINUE TO SUPPORT VARIOUS INITIATIVES BY PROVIDING RESOURCES, COORDINATING VOLUNTEER OPPORTUNITIES, AND ORGANIZING COMMUNITY MEETINGS TO ENSURE RESIDENTS' VOICES ARE HEARD AND THEY STAY INFORMED.
    Expenses $80,442 · revenue $1,300
  • CULINARY - THE REQUITY FOUNDATION EQUIPS ASPIRING CHEFS AND FOOD ENTREPRENEURS WITH HANDS-ON TRAINING IN CULINARY PREPARATION, EVENT BUDGETING, CATERING, AND OTHER EXPERIENCES THAT BUILD BOTH TECHNICAL EXPERTISE AND BUSINESS ACUMEN, PREPARING YOUNG PEOPLE TO THRIVE IN THE CULINARY INDUSTRY. WE PROVIDE ASPIRING CHEFS AND FOOD ENTREPRENEURS WITH REAL-WORLD TRAINING IN MENU DEVELOPMENT, SAFE FOOD HANDLING, EVENT BUDGETING, AND CUSTOMER SERVICE. STUDENTS THEN APPLY THESE SKILLS THROUGH 'WE ALL EAT WEDNESDAYS AND OUR CATERING SOCAL ENTERPRISE, WHERE THEY DELIVER MEALS, EXECUTE PAID EVENTS, AND STRENGTHEN FOOD ACCESS - BUILDING THEIR SKILLS AND GENERATING COMMUNITY IMPACT ALONG THE WAY.MEDIA - STUDENTS GAIN HANDS-ON EXPERIENCE IN A WIDE RANGE OF CREATIVE SERVICES, INCLUDING VIDEO PRODUCTION, SOCIAL MEDIA CONTENT DEVELOPMENT, AUDIO STORYTELLING, GRAPHIC DESIGN, PODCAST PRODUCTION, AND EVENT COVERAGE. THROUGH REAL-WORLD PROJECTS, THEY AMPLIFY COMMUNITY VOICES WHILE REFINING THEIR SKILLS IN NARRATIVE STRUCTURE, CONTENT EDITING, AND STORYTELLING TECHNIQUES.
    Expenses $137,690 · revenue $1,200

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-5001046
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$870,316
Income (IRS master file)
$1,116,810

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,116,810$699,249$870,316XML
990December 2023$230,198$296,952$336,821XML
990December 2022$523,291$135,842$405,351IRS
990-N for 2021
Officer: MICHAEL ROSENBAND
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: MICHAEL ROSENBAND
Filed under this EIN, most likely by a chapter or affiliate
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 84-5001046).

Questions about REQUITY FOUNDATION INC

What is the EIN of REQUITY FOUNDATION INC?
The employer identification number (EIN) of REQUITY FOUNDATION INC is 84-5001046.
Is REQUITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to REQUITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does REQUITY FOUNDATION 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 REQUITY FOUNDATION 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 REQUITY FOUNDATION 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 REQUITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MICHAEL ROSENBAND.
Who are the officers and directors of REQUITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $22,692 (MICHAEL ROSENBAND, EXECUTIVE DIRECTOR).
How much revenue does REQUITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,116,810, expenses of $699,249 and total assets of $870,316 at year end.

Other nonprofits in BALTIMORE

All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building