Form 990 for tax year 2023

Totals

Total revenue

$4,706,374

Total expenses

$5,044,328

Contributions and grants received

$4,162,478

Grants paid

$973,480

Program service revenue

$92,052

Investment income

$410,592

Other revenue

$41,252

Total assets, end of year

$16,873,739

Total liabilities, end of year

$375,101

Net assets or fund balances, end of year

$16,498,638

Program services expenses (Part IX)

$3,746,228

Management and general expenses

$950,272

Fundraising expenses

$347,828

Program service expenses (Part III)

$3,746,228

Program services were 74.3% 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.

Mission and programs · 2023

• CAMELBACK VENTURES SUPPORTS THE GROWTH AND EMPOWERMENT OF LIVABLE COMMUNITIES; OUR TOOL OF CHANGE IS ENTREPRENEURSHIP. WE PROVIDE A RIGOROUS ACCELERATOR, KNOWN AS THE CAMELBACK FELLOWSHIP, FOR UNTAPPED ENTREPRENEURS. AT THIS TIME, WE ARE FOCUSED ON TACKLING THESE TWO IMPACT AREAS 1) EDUCATION AND 2) CONSCIOUS TECH. THE CAMELBACK FELLOWSHIP IS A THREE-MONTH PROGRAM THAT SUPPORTS THE DEVELOPMENT OF BOTH FOUNDER AND VENTURE. SINCE 2015, CAMELBACK HAS SUPPORTED 144 ENTREPRENEURS OF COLOR AND WOMEN (MANY OF WHOM HAVE BEEN RECOGNIZED IN FORBES 30 UNDER 30, RECEIVED FELLOWSHIPS SUCH AS ECHOING GREEN AND RICHARDS DRAPER KAPLAN, AND COLLECTIVELY GONE ON TO RAISE OVER $135 MILLION IN FOLLOW ON FUNDING).

  Expenses $1,407,423 · Grants $530,000

• THE NETWORK PROGRAM SUPPORTS ALL ALUMNI, INCLUDING THOSE WITH THE HIGHEST IMPACT POTENTIAL WITH ADDITIONAL INVESTMENT, COACHING AND OTHER CAPACITY BUILDING OPPROTUNITY.

  Expenses $1,000,437 · Grants $443,480 · Revenue $4,525

• THE CAPITAL COLLABORATIVE IS A COHORT-BASED FELLOWSHIP PROGRAM RUN BY CAMELBACK AND SPECIFICALLY DESIGNED FOR WHITE-IDENTIFYING SENIOR LEADERS IN PHILANTHROPY AND IMPACT INVESTING WHO WANT TO DEEPEN THEIR PERSONAL AND PROFESSIONAL WORK ON RACIAL EQUITY.THE GOAL OF THE CAPITAL COLLABORATIVE IS TO INFLUENCE GRANTMAKERS, INVESTORS, AND INDIVIDUALS TO CREATE MORE FAIRNESS IN FUNDING BY CHANGING THEIR HABITS IN ORDER TO FUND UNDERVALUED ORGANIZATIONS LED BY PEOPLE OF COLOR (AND WOMEN).

  Expenses $640,247 · Revenue $210,000

• SEARCH & ALIGN IS THE RECURITMENT AND SELECTION WORKSREAM OF THE ORGANIZATION. IT SUPPORTS FELLOWSHIP AT THE CAPITAL COLLABRATIVE PROGRAMS.

  Expenses $524,421

• OUR VISION IS TO HAVE A COMMUNITY THAT RELIES ON, SOURCES, VETS, APPRECIATES, COMMUNES, AND PARTICIPATES IN AMPLIFYING THEIR VENTURES AS WELL AS THAT OF CAMELBACK VENTURES. WE HAVE GROWN TO 139+ ALUMNI ACROSS THE COUNTRY AND SECTORS. WE WANT TO ENSURE THAT THEY ARE THRIVING BY BEING ABLE TO INCREASE CAMELBACKS ABILITY TO MARSHAL RESOURCES TO THEM IN AN INTENTIONAL AND MEANINGFUL WAY.

  Expenses $173,700 · Revenue $30,399

As filed on the 2023 return.

Listed in Part VII

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

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

• SANKOFA ROOTS

  $48,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• WISE YOUNG BUILDERS

  $40,000

  TO SUPPORT PROFESSIONAL DEVELOPMENT

• UNITED WAY OF SOUTHWEST LOUISIANA

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• GEORGIA COALITION FOR HIGHER EDUCAT

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• BLACK GIRLS FILM CAMP

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• LIBERATION JOURNEYS

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• THE LIBERATION FOUNDATION

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• SEMBRANDO SENTIDO INC

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• THE WATTS OF POWER FOUNDATION

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

• AES LITERACY INSTITUTE

  $40,000

  TO ASSIST IN THE STARTUP OF NONPROFIT

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v6.0

Source object

202500319349301535

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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