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WEALTH AND EQUITY INC

BROOKLYN, NY · EIN 863077312 · Form 990EZ · FY2024 · NTEE B60 · Education · Micro (<$100K) · wealthandequity.org
revenue
$96K
expenses
$96K
net assets
$36K
employees
mission · from form 990

TO PROVIDE UNBIASED LIFE INSURANCE EDUCATION

profile · synthesized from sources

Wealth and Equity Inc is a financial education and empowerment platform focused on closing the life insurance coverage gap, particularly among underserved communities. The organization educates families on the financial protection and wealth-building potential of life insurance, promoting it as a tool for economic mobility and generational wealth. It operates nationally with a mission rooted in advancing equity through culturally relevant financial guidance.

named programs · 3 · from sources

What they call their work

Personal Wealth Potential Calculator
Tool that calculates an individual's expected lifetime financial contribution to help determine appropriate life insurance coverage.
Roadmap—for LIFE
Four-step educational and planning framework to help families build insurance plans focused on Protect, Plan, Preserve, and Pass Along wealth.
The $500 Billion Coverage Gap Bridge
Initiative to educate and activate one million families to secure $500,000 in life insurance coverage, aiming to reduce racial wealth disparities.
activities · 5 groups

What they do

  • Union and Association Benefit Funds 3 activities
    • Delivers structured financial planning using the W&E Personal Wealth Pyramid
      Implements a proprietary financial planning framework, the W&E Personal Wealth Pyramid, to guide individuals in building and transferring wealth through life insurance strategies.
    • Offers Personal Wealth Potential assessment tools
      Provides digital tools including the Personal Wealth Potential Calculator and questionnaire to assess individuals' financial needs and recommend life insurance coverage.
    • Provides unbiased life insurance education
      Offers educational resources and guidance on life insurance to promote informed decision-making, with a focus on underserved and diverse families.
  • Healthcare Policy Advocacy 1 activity
    • Advocates to close the life insurance coverage gap within one generation
      Leads a long-term advocacy initiative aimed at eliminating disparities in life insurance ownership, particularly among underserved populations, within a single generation.
  • Financial Coaching and Credit Counseling 1 activity
    • Connects clients with life insurance providers and financial experts
      Matches individuals with life insurance providers based on their Personal Wealth Potential assessment and provides access to ongoing support from financial experts.
  • Death Benefit Payments to Members 1 activity
    • Processes and pays life insurance death claims
      Has paid out over $1 billion in death benefits since 2011, resulting in financial protection and the creation of multiple millionaire families.
  • Uncategorized 2 activities
    • Achieves large-scale life insurance coverage through organized campaigns
      Completed a campaign resulting in $50 billion in life insurance face amount over 6.5 years and guided 200,000 clients to purchase policies with $250,000 in coverage each.
    • Runs campaigns to promote life insurance ownership among underserved families
      Conducts targeted campaigns to increase life insurance ownership among diverse and underserved families as a strategy to close the racial wealth gap, including a goal to activate one million families to obtain $500,000 in coverage each.
financials · form 990EZ · fy2024
revenue
Total revenue$96K
Contributions & grants$96K100%
Program service revenue
Investment income
Other revenue
expenses
Total expenses$96K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$36K
Cash
Investments
Liabilities
Net assets$36K
1 years on record · 2024–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 1
  • DAMON BITLER — DIRECTOR
relationships · 3

Who they work with

  • Atlanta Life Insurance Company Partner — Rooted in the legacy of Atlanta Life Insurance Company, carrying forward its mission of protection and generational empowerment.
  • HBCUs Partner — Partners with HBCUs to reach families and support financial stewardship.
  • trusted insurers Partner — Partners with insurance providers to offer tailored life insurance solutions to clients.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Based Financial Empowerment
    methodology: community-partnership-model
    By partnering with employers, HBCUs, and financial education programs, the organization increases life insurance adoption in marginalized communities, because trusted community channels reduce access barriers and increase cultural relevance.
  • Financial Education as Foundation for Financial Security
    methodology: financial-education-first
    By delivering unbiased financial education through workshops, websites, and newsletters, the organization increases access to life insurance and financial protection, because informed individuals are more likely to engage in long-term planning and take ownership of their financial future.
  • Financial Needs Hierarchy as Foundational Planning
    methodology: financial-needs-hierarchy
    By promoting life insurance as a foundational step in a Financial Needs Hierarchy Pyramid, the organization ensures basic financial protection is prioritized before wealth building, because securing death benefit coverage first creates stability necessary for long-term generational planning.
  • Life Insurance as Wealth-Building Tool
    methodology: life-insurance-as-wealth-building
    By positioning life insurance as a multifunctional financial instrument, the organization enables wealth accumulation and closes racial wealth gaps, because tax-free death benefits can be leveraged for intergenerational wealth transfer, especially in historically marginalized communities.
  • Personalized Financial Assessment for Wealth-Building
    methodology: personalized_financial_assessment
    By using personalized financial assessments, the organization identifies individual insurance and wealth-building opportunities, because tailored insights increase relevance and engagement, leading to more effective long-term financial planning and family stability.