Nonprofit · EIN 85-1129350
INSTITUTE FOR ENHANCED EQUITY
Tax-exempt · NEW ORLEANS, LA 70152
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,500,838 | $1,528,521 | -$27,683 | $460,923 | $16,633 | $444,290 |
| December 31, 2023 | 990 | $1,202,560 | $916,784 | $285,776 | $471,972 | $241 | $471,731 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,471,135
- Program service revenue
- $23,000
- Investment income
- $6,703
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $54,447
- Other salaries and wages
- $350,130
- Salaries, compensation and benefits (total)
- $422,761
- Professional fundraising fees
- $0
- Accounting fees
- $2,352
- Occupancy
- $53,336
- Travel
- $183,500
- Program services (functional)
- $1,350,363
- Management and general (functional)
- $178,158
Balance sheet and other
- Total assets, start of year
- $471,972
- Total assets, end of year
- $460,923
- Total liabilities, end of year
- $16,633
- Net assets, end of year
- $444,290
- Net assets without donor restrictions
- $444,290
- Gross receipts
- $1,500,838
- Employees
- 7
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- LA
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 |
|---|---|---|---|
| ROISHETTA S OZANE | PROGRAM DIRECTOR Highest-paid employee | 40 | $102,536 |
| GREGORY ST ETIENNE | CHAIRPERSON Officer | 2 | $0 |
| MONICA LANDRY | SECRETARY Officer | 2 | $0 |
| MICHAEL HUBBARD II | TREASURER Officer | 15 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY ST ETIENNE | CHAIRPERSON Officer | 2 | $0 |
| MONICA LANDRY | SECRETARY Officer | 2 | $0 |
| MICHAEL HUBBARD II | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 52319, NEW ORLEANS, LA 70152-2319
- Mailing address (990-N for 2021)
- PO Box 52319, New Orleans LA 70152
- Principal officer (990 for 2024)
- GREGORY ST ETIENNE, PO BOX 52319, NEW ORLEANS, LA 70152
- Principal officer (990-N for 2021)
- Michael Hubbard II, PO Box 52319, New Orleans LA 70152
- Signed the 990
- MICHAEL C HUBBARD II, EXECUTIVE DIRECTOR
- Phone
- (504) 459-4553
- Website
- www.theinstitute-ee.org
- Return prepared by
- LUTHER SPEIGHT & COMPANY CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS
Mission
THE INSTITUTE FOR ENHANCED EQUITY (TIEE) IS A 501C3 ORGANIZATION DEDICATED TO ADVANCING ECONOMIC VIABILITY BY: PROVIDING MISSION-ALIGNED FISCAL SPONSORSHIP TO GRASSROOTS AND COMMUNITY ORGANIZATIONS SPECIFICALLY THOSE WORKING TO ADDRESS ECONOMIC AND SOCIAL DISPARITIES. DELIVERING EQUITY-DRIVEN PROGRAMS THAT EXPAND ECONOMIC OPPORTUNITIES FOR MINORITY-OWNED AND WOMEN-OWNED BUSINESSES THROUGH UTILIZING EFFECTIVE STRATEGIES, COACHING, AND CAPACITY-BUILDING SERVICES.
Program accomplishments
- THE INSTITUTE FOR ENHANCED EQUITY (TIEE) PROVIDES ECONOMIC DEVELOPMENT BY STRENGTHENING EXISTING BUSINESSES, CREATING NEW AND RETAINING CURRENT JOBS IN MINORITY COMMUNITIES. WE CURRENTLY HAVE THREE ACTIVE FISCAL SPONSORS; AND OUR MINORITY BUSINESS MENTORING PROGRAM HAS PROVIDED SIX TRAINING/MENTORING SESSIONS TO OVER 15 MICRO AND SMALL MINORITY BUSINESSES IN THE LOUISIANA AREA.Expenses $47,502 · revenue $419,834
- THE VESSEL PROJECT OF LOUISIANA IS A GRASSROOTS MUTUAL AID, DISASTER RELIEF, AND ENVIRONMENTAL JUSTICE ORGANIZATION FOUNDED IN SOUTHWEST LOUISIANA IN RESPONSE TO SEVERAL FEDERALLY DECLARED DISASTERS, INCLUDING HURRICANES LAURA AND DELTA, WINTER STORM URI, AND THE MAY FLOOD OF 2021. THE VESSEL PROJECT REALIZES THE INTERSECTIONALITY OF THE CHALLENGES THAT PLAGUE BIPOC COMMUNITIES AND WORKS HOLISTICALLY TO ACHIEVE ENVIRONMENTAL AND CLIMATE JUSTICE, VOTING RIGHTS, AND ACCESS TO HOUSING, ENERGY, CLEAN WATER, SAFE FRESH PRODUCE, AND HEALTHCARE.Expenses $1,245,243 · grants $41,000 · revenue $1,063,404
- SUNRISE IS THE NEW ORLEANS HUB OF THE NATIONAL YOUTH MOVEMENT UNITING TO STOP THE CLIMATE CRISIS.Expenses $57,618 · grants $13,447 · revenue $17,600
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
- 85-1129350
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R22)
- Assets (IRS master file)
- $460,923
- Income (IRS master file)
- $1,500,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,500,838 | $1,528,521 | $460,923 | XML |
| 990 | December 2023 | $1,202,560 | $916,784 | $471,972 | XML |
| 990 | December 2022 | $337,456 | $151,501 | $185,955 | IRS |
| 990-N for 2021 Officer: Michael Hubbard II | December 31, 2021 | ≤ $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 85-1129350).
Questions about INSTITUTE FOR ENHANCED EQUITY
- What is the EIN of INSTITUTE FOR ENHANCED EQUITY?
- The employer identification number (EIN) of INSTITUTE FOR ENHANCED EQUITY is 85-1129350.
- Is INSTITUTE FOR ENHANCED EQUITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INSTITUTE FOR ENHANCED EQUITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR ENHANCED 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 INSTITUTE FOR ENHANCED 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 INSTITUTE FOR ENHANCED 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 INSTITUTE FOR ENHANCED EQUITY?
- The 990 for the year ended December 31, 2024 names GREGORY ST ETIENNE.
- Who are the officers and directors of INSTITUTE FOR ENHANCED EQUITY?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $102,536 (ROISHETTA S OZANE, PROGRAM DIRECTOR).
- How much revenue does INSTITUTE FOR ENHANCED EQUITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,500,838, expenses of $1,528,521 and total assets of $460,923 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Civil rights, social action and advocacy