NonprofitsRequity Foundation Inc

Community Improvement & Capacity Building

Requity Foundation Inc

BALTIMORE, MD

Total revenue

$1.1M

Total expenses

$699K

Net assets

$769K

Grants received

$641K

23 grants

EIN

845001046

Tax year

2024

Mission

To break down barriers between vocational education and the workforce by preparing students to pursue their dreams and build the future they imagine.

Programs

3 programs

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: $131K

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: $80K

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: $138K

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$8K
Investment income
Other revenue$3K
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$454K
Fundraising$70K
Other expenses$246K
Total expenses$699K
Total assets$870K
Net assets$769K

People

5 listed

NameRoleCompensation

MICHAEL ROSENBAND

EXECUTIVE DIRECTOR

Board

$23K

40 hrs/wk

SEEMA IYER

PRESIDENT

Board

5 hrs/wk

AMY SHEININ

VICE PRESIDENT

Board

3 hrs/wk

MONICA BRADLEY

SECRETARY

Board

3 hrs/wk

ERICH BURGER

TREASURER

Board

5 hrs/wk

Grants received

Showing 23 of 23

FromAmountPurposeYear
$50K
GENERAL OPERATING GRANT
2024
$20K
EDUCATION: SUPPORT COST-EFFECTIVE, SCHOOL-BASED AFTER-SCHOOL PROGRAMS.
2024
$17K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
WORKFORCE DEVELOPMENT
2024
$5K
FINANCIAL WELL-BEING
2024
$25K
YOUTH GRANTMAKING INITIATIVE
2023
$15K
EDUCATION: SUPPORT SCHOOL-BASED, AFTER-SCHOOL PROGRAMS.
2023
$13K
PRESIDENT'S FUND, MINI GRANTS
2023
$41K
UNRESTRICTED GENERAL SUPPORT
2022
$13K
For grant recipient's exempt purposes
2022
$10K
DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2022
$10K
YOUTH OPPORTUNITY
2022
$10K
THE FURTHERANCE OF CHARITABLE PROGRAMS
2022
$5K
GENERAL OPERATING SUPPORT
2022
$50K
For grant recipient's exempt purposes
2021
$50K
PUBLIC, SOCIETAL BENEFIT
2021
$50K
For grant recipient's exempt purposes
2021
$10K
Designated and or granted in support of agency programs
2020

Funded by

$641K from 15 funders · 23 grants · 2020–2024

Baltimore Children And Youth Fund Inc

$213K · 3 grants · 2022–2023

Fidelity Investments Charitable Gift Fund

$113K · 3 grants · 2021–2022

Morgan Stanley Global Impact Funding Trust Inc

$58K · 2 grants · 2022–2024

National Philanthropic Trust

$50K · 1 grant · 2021

Robert W Deutsch Foundation

$50K · 1 grant · 2024

Lockhart Vaughan Foundation

$35K · 2 grants · 2023–2024

Details

EIN845001046
NTEE codeS20
Subsection03
Ruling date2020-09
Formed2020
Employees57
Volunteers40
REQUITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo