2023-02-13T17:48:11-05:00 2022-06-30 450491842 BLANKENSHIP CPA GROUP PLLC 215 WARD CIRCLE BRENTWOOD TN 370272304 990 2021-07-01 464528066 EQUAL CHANCE FOR EDUCATION EQUA 7132087595 73 WHITE BRIDGE RD 103 BOX 351 NASHVILLE TN 37205 MOLLY HAYNES EXECUTIVE DIRECTOR 6152188585 2023-01-20 true MOLLY HAYNES 999009999 ABIGAIL L CAMPBELL CPA P01296738 6153733771 2023-02-13 2021 2023-03-07 01:45:13Z MOLLY HAYNES 73 WHITE BRIDGE RD STE 103 BOX 351 NASHVILLE TN 37205 1836573 false X WWW.EQUALCHANCEFOREDUCATION.COM X 2014 TN 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. 23 23 3 109 0 1649589 1759331 0 359 73 38473 1649948 1797877 1399880 1559637 0 172838 203272 0 104099 54755 67443 1627473 1830352 22475 -32475 440595 309155 162035 440595 147120 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. false false 1632225 1559637 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. 1632225 true true false false false false false false false false false false false false false true true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 0 0 3 true false false false false false true true false false false false false false X 23 23 true false false false false false false true true false false true false false false true true false TN X X WILLIAM CRENSHAW 7132087595 73 WHITE BRIDGE RD STE 103 351 NASHVILLE TN 37205 MOLLY HAYNES EXECUTIVE DI 45.00 X 83125 0 0 CHARLES ROBERT BONE PRESIDENT 1.00 X X 0 0 0 ROBERT BONE SECRETARY 1.00 X X 0 0 0 WILLIAM CRENSHAW TREASURER 2.00 X X 0 0 0 KRISTIN MCGRANER CHAIRMAN 1.00 X 0 0 0 MICHAEL SPALDING DIRECTOR 20.00 X 0 0 0 SAGHI ASGARIFAR DIRECTOR 1.00 X 0 0 0 MONICA CINTADO DIRECTOR 1.00 X 0 0 0 GREG DAILY DIRECTOR 1.00 X 0 0 0 GEORGE GARRETT DIRECTOR 1.00 X 0 0 0 JOHN SAM HATCHER DIRECTOR 1.00 X 0 0 0 JAY JOYNER DIRECTOR 1.00 X 0 0 0 NEIL KRUGMAN DIRECTOR 1.00 X 0 0 0 TREY LIPMAN DIRECTOR 1.00 X 0 0 0 KENYATTA LOVETT DIRECTOR 1.00 X 0 0 0 DAVE MAHANES DIRECTOR 1.00 X 0 0 0 JAMES MUNRO DIRECTOR 1.00 X 0 0 0 PATRICIA WISEMAN MUNRO DIRECTOR 1.00 X 0 0 0 RAQUEL OLUYEMO DIRECTOR 1.00 X 0 0 0 RAYMOND PIRTLE DIRECTOR 1.00 X 0 0 0 RICHARD RHODA DIRECTOR 1.00 X 0 0 0 JACKIE SHRAGO DIRECTOR 1.00 X 0 0 0 KEVIN SIVANERI DIRECTOR 1.00 X 0 0 0 ANGELA TILLERY DIRECTOR 1.00 X 0 0 0 83125 false false false 90000 1669331 1759331 73 73 77169 90000 38696 38473 1797877 73 1559637 1559637 83125 24660 27880 30585 105579 31322 35411 38846 14568 4322 4886 5360 11875 1105 10447 323 10150 945 8928 277 12828 3613 9215 12112 1380 5825 4907 6779 5241 1538 12302 12302 332 332 MISCELLANEOUS 1065 319 746 1830352 1632225 94028 104099 440595 307497 1658 440595 309155 162035 0 162035 X 114296 63581 326299 83539 440595 147120 440595 309155 X -32475 -261000 X false true X false X 1050751 455761 1312779 1649589 1759331 6228211 1050751 455761 1312779 1649589 1759331 6228211 610782 5617429 1922 2410 2527 73 6932 6235143 80055 0.90090 0.76850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 6197869 4399992 4399992 1797877 1797877 6230344 4399992 4399992 1830352 1830352 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS FROM 2018 TO THE PRESENT; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XIII THE ORGANIZATION ENTERS INTO AGREEMENTS WITH UNIVERSITIES TO OFFER STUDENTS HEAVILY DISCOUNTED TUITION AT THE UNIVERSITIES. THE STUDENT PAYS A SMALL PORTION TO THE ORGANIZATION, THE ORGANIZATION PAYS THAT AMOUNT ALONG WITH AN AMOUNT FROM THE ORGANIZATION TO THE UNIVERSITY. THE REMAINDER IS THEN DONATED TO THE ORGANIZATION BY THE UNIVERSITIES. THIS IS RECOGNIZED AS A CONTRIBUTION AND TUITION EXPENSE ON THE BOOKS OF THE ORGANIZATION. THE DISCOUNTED TUITION AMOUNT IS REPORTED AS DONATED SERVICES ON THE FORM 990. EVENING OF CONV 153135 90000 63135 26803 9423 SALSA FOR SCHOL 14034 14034 1100 1370 167169 90000 77169 26803 1100 10793 38696 38473 true TUITION/SCHOLARSHIPS 265 1559637 SCHEDULE I, PAGE 1, PART I, LINE 2 RECORDS MAINTAINED LISTING TUITION/SCHOLARSHIP RECIPIENTS SCHEDULE I, PAGE 4, PART IV ECE SCHOLARS ARE HIGH ACHIEVING FIRST-GENERATION IMMIGRANT STUDENTS WHO, DUE TO THEIR PENDING IMMIGRATION STATUS, FIND THEMSELVES INELIGIBLE FOR IN-STATE TUITION, FINANCIAL AID, OR STUDENT LOANS, DESPITE LIVING MOST OF THEIR LIVES IN THE US (AVERAGE AGE OF ARRIVAL IS 5 YEARS OLD). ECE APPLICANTS MUST HAVE A MINIMUM B AVERAGE FROM A TENNESSEE HIGH SCHOOL, A PROVEN FINANCIAL NEED BY PROVIDING TAX RETURNS, A DEFINED CAREER GOAL, AND A WILLINGNESS TO LIVE AT HOME AND COMMUTE TO CAMPUS. COMMUTER STUDENTS WILL NOT HAVE THE ADDITIONAL FEES ON AVERAGE OF 8,000 PER YEAR FOR ROOM AND BOARD. FORM 990, PAGE 6, PART VI, LINE 2 MICHAEL SPALDING, MD WILLIAM CRENSHAW DIRECTOR TREASURER FAMILY RELATIONSHIP JAMES MUNRO PATRICIA WISEMAN MUNRO DIRECTOR DIRECTOR FAMILY RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS THOROUGHLY REVIEWED BY PRESIDENT AND CHAIRMAN, EXECUTIVE DIRECTOR, AND TREASURER AND IS SHARED WITH THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE. SALARY IS SET BASED ON COMPARABLE COMPENSATIONS, AND THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION THROUGH THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER EMPLOYEES OF THE ORGANIZATION IS SET BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD THROUGH THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND ARE AVAILABLE ON GIVINGMATTERS.COM. FORM 990, PART XI, LINE 9 CHANGE IN ACCOUNTING METHOD -261,000 IN THE PRIOR YEAR, THE ORGANIZATION REPORTED UNDER THE CASH BASIS OF ACCOUNTING. IN TRANSITIONING FROM THE CASH TO ACCRUAL BASIS OF ACCOUNTING, THE ORGANIZATION RECORDED A 261,000 DECREASE IN NET ASSETS AS OF JULY 1, 2021 DUE TO THE PAYMENT TIMING OF TUITION EXPENSES.