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Nonprofiteer
← COLOROFCHANGEORG EDUCATION FUND INC

Form 990 for tax year 2022

Filed by COLOROFCHANGEORG EDUCATION FUND INC.

Totals

Total revenue
$15,608,394
Total expenses
$27,573,527
Contributions and grants received
$15,349,791
Grants paid
$63,298
Program services expenses (Part IX)
$17,228,858
Management and general expenses
$9,061,332
Fundraising expenses
$1,283,337
Program service expenses (Part III)
$17,228,858

Program services were 62.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RASHAD ROBINSON

    PRESIDENT

    Total calculated
    $608,432
    From this org
    $0
    From related orgs
    $574,121
    Other
    $34,311
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $574,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,579 related
    Nontaxable benefits
    $0 + $21,732 related
    Filer's total
    $0 + $608,432 related

  • ANDRE BANKS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • IAN FULLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ALEXIS MCGILL JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WAYNE JORDAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMANDA BROWN LIERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRICIA ROSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SARAH WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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 — 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COLOR OF CHANGE.ORG EDUCATION FUND IS RELATED TO COLOROFCHANGE.ORG WHOSE INDEPENDENT MEMBERS OF THE BOARD, WITHOUT THE PRESIDENT'S PARTICIPATION, DO A COMPENSATION REVIEW AS PART OF THE PRESIDENT'S YEARLY PERFORMANCE EVALUATION. THEY EXAMINE PUBLISHED DATA ON NON-PROFIT SALARIES TO DETERMINE COMPARABLE COMPENSATION LEVELS. THE RESULTS OF THE REVIEW ARE THEN DISCUSSED WITH THE PRESIDENT AND A FINAL COMPENSATION RECOMMENDATION IS APPROVED BY THE BOARD OF DIRECTORS.
PART II, LINE 1:
DUE TO THE NATURE OF THE ORGANIZATION'S MISSION, THE ORGANIZATION AND THE PRESIDENT HAVE BEEN EXPOSED TO AN INCREASE IN SECURITY THREATS. CONCERNS ABOUT THE PHYSICAL WELL BEING OF THE PRESIDENT DUE TO HIS POSITION AT THE ORGANIZATION AND HIS PUBLIC EXPOSURE RESULTED IN AN UNANIMOUS DECISION OF THE BOARD OF DIRECTORS TO SECURE HOUSING THAT PROVIDES ELEVATED SECURITY MEASURES. THE SAFEGUARD OF THE PRESIDENT'S HOUSING INCLUDES A LEASE SIGNED BY THE ORGANIZATION AS IN-KIND. AS A RESULT, THE COST OF THE APARTMENT IS FACTORED INTO THE PRESIDENT'S OVERALL COMPENSATION ON LINE (1).

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349319370

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