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Nonprofiteer
← EDUCATION LEADERS OF COLOR INC

Form 990 for tax year 2024

Filed by EDUCATION LEADERS OF COLOR INC.

Totals

Total revenue
$5,773,935
Total expenses
$5,120,294
Contributions and grants received
$4,770,092
Grants paid
$175,000
Program service revenue
$725,522
Investment income
$278,321
Other revenue
$0
Total assets, end of year
$12,932,668
Total liabilities, end of year
$235,896
Net assets or fund balances, end of year
$12,696,772
Program services expenses (Part IX)
$4,441,508
Management and general expenses
$591,854
Fundraising expenses
$86,932
Program service expenses (Part III)
$4,441,508

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,770,092

  • 2a · Program service revenue: CONVENING REGISTRATION

    total $508,205 · related or exempt $508,205

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $182,227 · related or exempt $182,227

  • 2c · Program service revenue: OTHER PROGRAM FEES

    total $23,250 · related or exempt $23,250

  • 2d · Program service revenue: JOB POSTING FEES

    total $11,840 · related or exempt $11,840

  • 3 · Investment income

    total $260,828 · excluded $260,828

  • 7a · Gross sales of assets other than inventory

    securities $767,376

  • 7b · Less cost or other basis and sales expenses

    securities $749,883

  • 7c · Gain or loss

    securities $17,493

  • 7d · Net gain or loss

    total $17,493 · excluded $17,493

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,000 · program services $175,000

  • 5 · Compensation of officers, directors and key employees

    total $817,633 · program services $690,359 · management and general $53,429 · fundraising $73,845

  • 6 · Compensation of disqualified persons

    total $142,500 · program services $142,500

  • 7 · Other salaries and wages

    total $752,900 · program services $731,857 · management and general $20,322 · fundraising $721

  • 8 · Pension plan contributions

    total $16,762 · program services $14,855 · management and general $1,907

  • 9 · Other employee benefits

    total $61,965 · program services $55,392 · management and general $6,573

  • 10 · Payroll taxes

    total $111,337 · program services $90,794 · management and general $16,738 · fundraising $3,805

  • 11b · Fees: legal

    total $21,452 · management and general $21,452

  • 11c · Fees: accounting

    total $127,140 · management and general $127,140

  • 11f · Fees: investment management

    total $21,450 · management and general $21,450

  • 11g · Fees: other

    total $1,052,402 · program services $891,260 · management and general $154,662 · fundraising $6,480

  • 12 · Advertising and promotion

    total $455,937 · program services $455,937

  • 13 · Office expenses

    total $54,818 · program services $15,659 · management and general $38,554 · fundraising $605

  • 14 · Information technology

    total $123,703 · program services $29,765 · management and general $93,938

  • 17 · Travel

    total $47,708 · program services $46,232 · management and general $1,450 · fundraising $26

  • 19 · Conferences, conventions and meetings

    total $1,125,489 · program services $1,097,479 · management and general $26,560 · fundraising $1,450

  • 22 · Depreciation, depletion and amortization

    total $4,167 · program services $4,167

  • 23 · Insurance

    total $7,931 · program services $252 · management and general $7,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,994,987 · end of year $2,755,113

  • 2 · Savings and temporary cash investments

    beginning of year $6,824,525 · end of year $1,171,198

  • 3 · Pledges and grants receivable

    beginning of year $1,675,000 · end of year $266,700

  • 4 · Accounts receivable

    beginning of year $1,439 · end of year $900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,360 · end of year $38,393

  • 10a · Land, buildings and equipment: cost or other basis

    $25,831

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,790

  • 10c · Land, buildings and equipment, net

    beginning of year $5,208 · end of year $1,041

  • 11 · Investments: publicly traded securities

    beginning of year $1,660,806 · end of year $8,699,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $194,211 · end of year $156,221

  • 18 · Grants payable

    beginning of year $100,000

  • 19 · Deferred revenue

    beginning of year $81,302 · end of year $79,675

  • 27 · Net assets without donor restrictions

    beginning of year $9,159,709 · end of year $11,094,702

  • 28 · Net assets with donor restrictions

    beginning of year $2,755,103 · end of year $1,602,070

Mission and programs · 2024

Mission

TO CATALYZE THE ACADEMIC AND ECONOMIC ADVANCEMENT OF YOUNG PEOPLE OF COLOR BY HARNESSING THE POWER OF OUR MULTI-RACIAL, MULTI-SECTOR, AND VALUES-ALIGNED MEMBERSHIP NETWORK.

Activities or mission (Part I)

ENSURE YOUNG PEOPLE OF COLOR HAVE THE OPPORTUNITIES TO BUILD GENERATIONAL WEALTH AND THRIVE.

  • NETWORK: EDLOC RECRUITS AND SELECTS LEADERS OF COLOR IN KEY DECISION-MAKING ROLES TO JOIN OUR MULTIRACIAL, MULTI-SECTOR NETWORK, BUILDING COLLECTIVE POWER AND EXPANDING MEMBERS' PROFESSIONAL NETWORKS AND SOCIAL CAPITAL. ONCE MEMBERS JOIN, EDLOC OFFERS YEAR-ROUND PROGRAMMING TO STRENGTHEN LEADERSHIP, FOSTER BELONGING, AND SUPPORT MEMBERS' IMPACT ACROSS SECTORS. OUR NATIONAL CONVENING, WHICH CONSISTENTLY SELLS OUT AND DREW OVER 500 PARTICIPANTS IN 2024, REMAINS A FLAGSHIP EXPERIENCE. IT BRINGS MEMBERS TOGETHER TO DEEPEN KNOWLEDGE OF OUR POLICY PLATFORM, ENGAGE IN PEER LEARNING, AND ALIGN AROUND SHARED VALUES AND PRIORITIES. THE CONVENING FILLS A CRITICAL GAP IN THE FIELD BY CREATING SPACE FOR VALUES-ALIGNED, DIVERSE LEADERS IN EDUCATION AND RELATED FIELDS. IN ADDITION, MEMBERS PARTICIPATE IN CURATED PROGRAMMING THROUGHOUT THE YEAR, INCLUDING BOOK TALK TALKS, REGIONAL GATHERINGS MEMBER-LED EVENTS AND POLICY-FOCUSED FORUMS THAT CENTER THE LEADERSHIP AND LIVED EXPERIENCE OF PEOPLE OF COLOR. THESE SPACES GROW AND CONNECT THE MEMBERSHIP, ELEVATE SHARED VALUES, BUILD SKILLS, BRIDGE RESEARCH AND PRACTICE, AND ALIGN ON OUR GOALS AND PRIORITIES.

    Expenses $2,090,101 · Revenue $702,272

  • IN 2024, EDLOC AWARDED $175,000 IN GRANTS TO CAMPAIGN FOR OUR SHARED FUTURE AND BECAME THE HOME OF THIS TIME-BOUND NATIONAL INITIATIVE, WHICH WORKS TO SHIFT THE PUBLIC NARRATIVE AND CENTER THE NEEDS OF CHILDREN BY BUILDING GRASSROOTS SUPPORT TO STOP HARMFUL POLICIES LIKE BOOK BANS AND CURRICULUM CENSORSHIP. THE SOCIAL STUDIES ACCELERATOR IS AN ONGOING INITIATIVE THAT ADVANCES THE ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY, CULTURALLY RESPONSIVE SOCIAL STUDIES CURRICULA IN SCHOOLS AND DISTRICTS NATIONWIDE. THROUGH A CONTINUED PARTNERSHIP WITH RECONSTRUCTIONUS, EDLOC HELPS EXPAND ACCESS TO CULTURALLY AFFIRMING COURSES AND LEARNING EXPERIENCES FOR STUDENTS FROM LOW-INCOME COMMUNITIES, ENSURING THEY SEE THEMSELVES REFLECTED IN WHAT AND HOW THEY LEARN.

    Expenses $1,785,801 · Grants $175,000 · Revenue $23,250

  • POLICY & ADVOCACY: EDLOC ACTIVATES THE COLLECTIVE VOICE OF ITS MEMBERS TO ADVANCE BOLD, EQUITY-DRIVEN POLICY SOLUTIONS. THROUGH REGIONAL NETWORKS AND AFFINITY GROUPS, EDLOC MEMBERS CONVENE TO STRATEGIZE AROUND ADVANCING POLICIES THAT PROTECT AND SUPPORT STUDENTS, FAMILIES, AND COMMUNITIES, WHILE BUILDING RELATIONSHIPS THAT STRENGTHEN CROSS-SECTOR, MULTIRACIAL COALITIONS. IN 2024, AS IN PREVIOUS YEARS, MEMBERS ENGAGE DIRECTLY WITH POLICYMAKERS DURING ADVOCACY DAY EVENTS IN WASHINGTON, D.C., AND IN THEIR HOME DISTRICTS TO ELEVATE PRIORITIES THAT REFLECT THE NEEDS OF THE COMMUNITIES THEY SERVE.

    Expenses $429,036

  • GRANTMAKING: THE BOULDER FUND GRANTS SUPPORT ENTREPRENEURIAL VENTURES OF INNOVATIVE AND DIVERSE LEADERS WORKING TO ADVANCE EDLOC'S VALUES AND POLICY PRIORITIES. THE FUND IS INTEGRAL TO EDLOC'S STRATEGY OF ADVANCING VALUES-ALIGNED LEADERS OF COLOR COMMITTED TO DEMONSTRATING THE IMPACT OF CROSS-SECTOR APPROACHES. EDLOC INVESTS IN LEADERS AND ORGANIZATIONS THAT ARE TAKING VALUE-ALIGNED APPROACHES TO SOLVING THE MOST PRESSING CHALLENGES IN EDUCATION AND ARE INSPIRED BY BEING PART OF A NETWORK THAT COLLECTIVELY SEEKS TO BUILD GENERATIONAL WEALTH. IN ADDITION TO DIRECT GRANT SUPPORT, EDLOC PROVIDES COACHING AND THOUGHT PARTNERSHIP TO GRANTEES. THE GRANT RECIPIENTS LEAD ORGANIZATIONS FOCUSED ON IMPROVING LIFE OUTCOMES FOR CHILDREN OF COLOR ACROSS THE COUNTRY.

    Expenses $136,570

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Gutierrez

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Deronda Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Sonya Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tommy Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dinah Consuegra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Raquel Donoso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Vinice Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alma Marquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ana Ponce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sharhonda Bossier

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $303,927
    From this org
    $285,797
    From related orgs
    $0
    Other
    $18,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,797
    Bonus
    $0
    Other
    $0
    Deferred
    $9,504
    Nontaxable benefits
    $8,626
    Filer's total
    $303,927
  • Heather Harding

    EXECUTIVE IN RESIDENCE

    Total calculated
    $322,045
    From this org
    $292,669
    From related orgs
    $0
    Other
    $29,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,669
    Bonus
    $0
    Other
    $0
    Deferred
    $13,542
    Nontaxable benefits
    $15,834
    Filer's total
    $322,045
  • Andrea Foggy-Paxton

    ENTREPRENEUR IN RESIDENCE

    Total calculated
    $210,138
    From this org
    $200,138
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,138
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $0
    Filer's total
    $210,138
  • Angelica Solis-Montero

    CHIEF POLICY OFFICER

    Total calculated
    $213,652
    From this org
    $173,346
    From related orgs
    $0
    Other
    $40,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,346
    Bonus
    $0
    Other
    $0
    Deferred
    $7,511
    Nontaxable benefits
    $32,795
    Filer's total
    $213,652
  • Sarah Winshel

    DIR. OF OPERATIONS & SPECIAL PROJECTS

    Total calculated
    $142,710
    From this org
    $137,903
    From related orgs
    $0
    Other
    $4,807
    Hours/week
    40
  • Jessica Rhau

    SENIOR DIR. STRATEGY & PROGRAMS

    Total calculated
    $242,957
    From this org
    $232,345
    From related orgs
    $0
    Other
    $10,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,345
    Bonus
    $0
    Other
    $0
    Deferred
    $4,108
    Nontaxable benefits
    $6,504
    Filer's total
    $242,957
  • Lesley Moreno

    NETWORK OPERATIONS

    Total calculated
    $119,350
    From this org
    $119,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.2
Source object
202512909349301301

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