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 GutierrezNANCY GUTIERREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Deronda WilliamsDERONDA WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sonya AndersonSONYA ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tommy ChangTOMMY CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dinah ConsuegraDINAH CONSUEGRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Raquel DonosoRAQUEL DONOSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vinice DavisVINICE DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alma MarquezALMA MARQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ana PonceANA PONCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sharhonda BossierSHARHONDA 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 HardingHEATHER 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-PaxtonANDREA 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-MonteroANGELICA 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 WinshelSARAH 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 RhauJESSICA 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 MorenoLESLEY 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
-
$40,000
GENERAL OPERATING SUPPORT
-
GENERAL OPERATING SUPPORT
-
SAVE OUR SCHOOLS ARIZONA NETWORK
$35,000
GENERAL OPERATING SUPPORT
-
$25,000
GENERAL OPERATING SUPPORT
-
$25,000
GENERAL OPERATING SUPPORT
-
$15,000
GENERAL OPERATING SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512909349301301
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