2020-03-16T15:05:16-05:00 2019-06-30 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2018-07-01 463626223 EQUITY EDUCATION EQUI 3139779178 13600 VIRGIL STREET DETROIT MI 48223 KERRI SMITH CURRENT INTERIM CEO & PRESIDENT 3139779178 2020-03-11 1 DAVID JONES P01361002 2022963306 64.88.174.3 2020-03-11 15:07:03 ED P 3C3155FC485199F728C980AB5EC5DB38AD63B029 8135A10533E138772E75B7028466B6AE3A842BF5 2018 2020-11-19 02:30:22Z KERRI SMITH 13600 VIRGIL STREET DETROIT MI 48223 1376369 0 X N/A X 2015 MI TO CREATE REMARKABLE SCHOOLS FOR ALL STUDENTS, REGARDLESS OF ZIP CODE, BY UNLEASHING POTENTIAL. 6 6 257 6 0 0 300000 22263 1114496 1353706 0 0 10000 400 1424496 1376369 139348 42625 0 0 560268 586473 0 0 119023 549630 642534 1249246 1271632 175250 104737 1560588 799548 2188917 1323140 -628329 -523592 TO CREATE REMARKABLE SCHOOLS FOR ALL STUDENTS, REGARDLESS OF ZIP CODE, BY UNLEASHING POTENTIAL. 0 0 538061 42625 1353706 EQUITY EDUCATION IS A FULL SERVICE CHARTER MANAGEMENT ORGANIZATION THAT WORKS WITH ACADEMY/SCHOOL BOARDS TO OVERSEE ALL ASPECTS OF SCHOOL MANAGEMENT. EQUITY PROVIDES ITS SCHOOLS SERVICES DESIGNED TO: 1) MEET ALL FEDERAL, STATE AND AUTHORIZER COMPLIANCE REQUIREMENTS; 2) ATTRACT, EMPLOY, DEVELOP AND RETAIN TALENT; 3) MANAGE ALL FINANCIAL OBLIGATIONS; 4) PROVIDE NECESSARY OPERATIONAL SUPPORTS INCLUDING BUT NOT LIMITED TO FACILITY AND SAFETY MANAGEMENT; AND 5) OVERSEE AND IMPLEMENT THE EDUCATIONAL PROGRAM. 538061 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 58 0 1 257 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 1 1 0 0 0 X THE ORGANIZATION 3139779178 13600 VIRGIL STREET DETROIT MI 48223 REV CHRIS YAW CHAIR 2.00 X X 0 0 0 NICHOLAS A HUGUELET VICE CHAIR 2.00 X 0 0 0 PANTEA STEVENSON DIRECTOR 2.00 X 0 0 0 PUNITA THURMAN DIRECTOR UNTIL 3/11/2019 2.00 X 0 0 0 ALEX SHAW DIRECTOR UNTIL 3/14/2019 2.00 X 0 0 0 REBECCA TISDALE DIRECTOR 2.00 X 0 0 0 OWEN WILLIS DIRECTOR 2.00 X 0 0 0 NEIL STEWART DIRECTOR 2.00 X 0 0 0 GARY MEIER CEO 40.00 X 184500 0 1704 RENEE BURGESS PRESIDENT 40.00 X 179828 0 13851 KERRI SMITH VICE PRESIDENT 40.00 X 116880 0 15712 481208 0 31267 3 0 1 0 AJ'S TRANSPORTATION LLC 9720 DELMAR STREET DETROIT MI 48211 PUPIL TRANSPORTATION 413306 EDOPS 1611 CONNECTICUT AVE NW STE 200 WASHINGTON DC 20009 ACCOUNTING SERVICES 172544 2 22263 22263 MANAGEMENT SERVICES 561000 1353706 1353706 1353706 CREDIT CARD REWARDS 900099 400 400 400 1376369 1353706 0 400 42625 42625 341330 201385 95573 44372 165697 97762 46394 21541 2423 1430 678 315 36267 21397 10155 4715 40756 24046 11412 5298 65532 65532 191744 191744 61214 36116 17140 7958 46158 27233 12924 6001 22262 13135 6233 2894 37917 22371 10617 4929 25885 25885 57020 33642 15965 7413 BAD DEBT 63282 63282 DUES AND SUBSCRIPTIONS 44052 33809 10243 PROFESSIONAL DEVELOPMEN 25727 15178 7205 3344 DIRECT STUDENT COSTS 1741 1741 1271632 538061 614548 119023 116458 386637 9 1353309 392351 88112 17860 2700 2700 1560588 799548 2143917 1095991 45000 0 227149 0 0 2188917 1323140 X -628329 -523592 -628329 -523592 1560588 799548 104737 0 X 0 1 X 0 0 X 125000 310000 22263 457263 1088069 1173162 1114496 1353706 4729433 1088069 1298162 1424496 1375969 5186696 125000 300000 425000 1055425 1117794 1012807 1285636 4471662 1055425 1242794 1312807 1285636 4896662 290034 400 400 1088069 1298162 1424496 1376369 5187096 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CREDIT CARD REWARDS - 2018 AMOUNT: $ 400. 0 X 1376369 0 1376369 0 1376369 1271632 0 1271632 0 1271632 PART X, LINE 2: EQUITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN POSITION THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. 1 DETROIT COLLEGIATE HIGH SCHOOL 3111 ELMWOOD DETROIT MI 48207 811097414 501(C)(3) 30000 TO ENSURE THE DONEE SCHOOL'S VIABILITY AND ITS ABILITY TO PROVIDE SERVICES TO ITS STUDENTS AND FAMILIES. BURGESS & BURGESS STRATEGISTS 26100 LAKE SHORE BLVD CLEVELAND OH 44132 382083323 N/A 12625 TO PROVIDE LEGAL SERVICE TO A MINOR. 1 1 PART I, LINE 2: THE GRANT GIVEN TO DETROIT COLLEGIATE HIGH SCHOOL WAS AN UNRESTRICTED DONATION AS A COMMITTMENT TO ENSURE THE DONEE SCHOOL'S VIABILITY AND ITS ABILITY TO PROVIDE SERVICES TO ITS STUDENTS AND FAMILIES. DETROIT COLLEGIATE HIGH SCHOOL IS FULLY MANAGED BY EQUITY EDUCATION AND THEREFORE THE GRANT WAS MONITORED THROUGH ITS OVERSIGHT OF THE GRANTEE. THE GRANT GIVEN TO BURGESS & BURGESS STRATEGISTS WAS TO ASSIST IN THE LEGAL FEES PROVIDED TO A MINOR. MINIMAL MONITORING WAS NECESSARY. 0 0 0 0 0 0 0 0 0 GARY MEIER CEO 184500 0 0 0 0 0 0 0 0 1704 184500 1704 0 0 RENEE BURGESS PRESIDENT 179828 0 0 0 0 0 0 0 0 13851 179828 13851 0 0 GARY MEIER GARY MEIER IS THE CEO OF THE ORGANIZATION 305454 ONE OF THE ACADEMIES (THE "ACADEMY") THAT EQUITY EDUCATION HAS A MANAGEMENT CONTRACT WITH, LEASES ITS FACILITY FROM EQUITY FACILITIES, LLC. EQUITY FACILITIES, LLC IS WHOLLY OWNED BY GARY MEIER, CEO OF EQUITY EDUCATION. EQUITY COLLECTS FUNDS NEEDED TO PAY RENT FROM THE ACADEMY AND PASSES THESE RENT COLLECTIONS TO THE LLC. DURING THE PERIOD OF THIS 990, THE TOTAL BILLED FOR THIS RENTAL ARRANGEMENT WAS $305,454. 0 FORM 990, PART VI, SECTION A, LINE 4 EQUITY EDUCATION CHANGED THEIR BYLAWS TO INCREASE THE NUMBER OF DIRECTORS WHO MAY SERVE ON THE BOARD. THE ARTICLES OF INCORPORATION AND BYLAWS WERE ALSO CHANGED IN ORDER TO CONVERT FROM A MEMBERSHIP CORPORATION TO A DIRECTORSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORIZATON TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT IS RESPONSIBLE FOR REVIEWING THE COMPLETED 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.