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← CENTER FOR EXPANDING LEADERSHIP AND OPPORTUNITY INC

Form 990 for tax year 2023

Filed by CENTER FOR EXPANDING LEADERSHIP AND OPPORTUNITY INC.

Totals

Total revenue
$2,941,558
Total expenses
$1,760,606
Contributions and grants received
$2,507,010
Grants paid
$165,000
Program service revenue
$422,136
Investment income
$12,412
Other revenue
$0
Total assets, end of year
$1,222,585
Total liabilities, end of year
$19,756
Net assets or fund balances, end of year
$1,202,829
Program services expenses (Part IX)
$1,726,096
Management and general expenses
$28,318
Fundraising expenses
$6,192
Program service expenses (Part III)
$1,726,096

Program services were 98.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,507,010

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $422,136 · related or exempt $422,136 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,412 · related or exempt $0 · unrelated business $0 · excluded $12,412

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $255,683 · program services $255,683

  • 7 · Other salaries and wages

    total $349,567 · program services $349,567

  • 9 · Other employee benefits

    total $30,320 · program services $30,320

  • 10 · Payroll taxes

    total $46,480 · program services $46,480

  • 11b · Fees: legal

    total $9,207 · program services $9,207

  • 11c · Fees: accounting

    total $26,990 · management and general $26,990

  • 11g · Fees: other

    total $374,532 · program services $374,532

  • 12 · Advertising and promotion

    total $244 · program services $244

  • 13 · Office expenses

    total $105,869 · program services $105,057 · management and general $138 · fundraising $674

  • 14 · Information technology

    total $10,909 · program services $10,784 · management and general $125

  • 17 · Travel

    total $210,925 · program services $204,801 · management and general $606 · fundraising $5,518

  • 19 · Conferences, conventions and meetings

    total $11,849 · program services $11,849

  • 23 · Insurance

    total $8,678 · program services $8,638 · management and general $40

  • 24a · Other expenses: PROGRAM EXPENSES

    total $114,148 · program services $114,148 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,752 · program services $17,712 · management and general $40 · fundraising $0

  • 24c · Other expenses: BANK AND MERCHANT FEES

    total $379 · program services $0 · management and general $379 · fundraising $0

  • 24e · All other expenses

    total $22,074 · program services $22,074

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,165 · end of year $1,222,303

  • 9 · Prepaid expenses and deferred charges

    end of year $282

  • 17 · Accounts payable and accrued expenses

    end of year $19,756

  • 27 · Net assets without donor restrictions

    beginning of year $21,165 · end of year -$31,708

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $1,234,537

Mission and programs · 2023

Mission

THE CENTER FOR EXPANDING LEADERSHIP & OPPORTUNITY (CELO) ACCELERATES YOUTH DEVELOPMENT BY BRIDGING GROUNDBREAKING RESEARCH AND PRACTICAL SOLUTIONS, ENSURING EQUITABLE ACCESS TO HIGH-QUALITY OPPORTUNITIES FOR ALL TALENTED YOUNG INDIVIDUALS.

  • INDEX: THE LEADERSHIP DEVELOPMENT INDEX IS A DIGITAL ASSESSMENT TOOL THAT MEASURES LEADERSHIP CAPACITIES TO ACCELERATE PERSONAL AND PROFESSIONAL GROWTH. GROUNDED IN 20 YEARS OF CUTTING-EDGE RESEARCH, AND BENCHMARKED WITH 600,000 PARTICIPANTS ACROSS CAREER FIELDS, THE INDEX IS DESIGNED TO IMPACT.

    Expenses $983,273 · Revenue $28,296

  • CONVENINGS: CELO HOSTED SEVERAL CONVENINGS THROUGHOUT THE 2023-2024 FISCAL YEAR INCLUDING THE YOUTH SERVICE CONVENING IN OCTOBER 2023 AND SXSW EDU COHORT IN MARCH 2024. THE CONVENINGS ARE AN OPPORTUNITY TO BRING PEOPLE TOGETHER IN SUPPORT OF THE CELO MISSION.

    Expenses $388,570

  • FELLOWSHIPS: THROUGH FELLOWSHIPS, SUCH AS THE YOUTH SERVICE FELLOWSHIP AND THE SXSW EDU IMPACT FELLOWSHIP, CELO CAN BUILD NETWORKS OF PEOPLE WORKING TO ADVANCE SHARED GOALS IN ALIGNMENT WITH CELO'S MISSION.

    Expenses $113,371 · Grants $100,000

  • OTHER GENERAL SUPPORTING ACTIVITIES.

    Expenses $240,882 · Grants $65,000 · Revenue $393,840

As filed on the 2023 return.

Listed in Part VII

  • John Dugan

    CHIEF RESEARCH & DEVELOPMENT OFFICER

    Total calculated
    $104,815
    From this org
    $104,815
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sonny Garg

    CEO

    Total calculated
    $93,074
    From this org
    $93,074
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kristan Cilente Skendall

    COO

    Total calculated
    $57,794
    From this org
    $57,794
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Scott Bush

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sherman Baldwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Bayless

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202540159349300824

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