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← ENDOWMENT FOR COMMUNITY LEADERSHIP

Form 990 for tax year 2023

Filed by ENDOWMENT FOR COMMUNITY LEADERSHIP.

Totals

Total revenue
$388,750
Total expenses
$484,601
Contributions and grants received
$372,582
Grants paid
$204,857
Program service revenue
$0
Investment income
$7,735
Other revenue
$8,433
Total assets, end of year
$220,063
Total liabilities, end of year
$859
Net assets or fund balances, end of year
$219,204
Program services expenses (Part IX)
$459,671
Management and general expenses
$24,930
Fundraising expenses
$0
Program service expenses (Part III)
$459,671

Program services were 94.9% 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

    $372,582

  • 2a · Program service revenue: MINISTRY PROGRAM REV

  • 3 · Investment income

    total $4,766 · excluded $4,766

  • 7a · Gross sales of assets other than inventory

    securities $77,086

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

    securities $74,117

  • 7c · Gain or loss

    securities $2,969

  • 7d · Net gain or loss

    total $2,969 · excluded $2,969

  • 11a · Other revenue: UNREALIZED GAINSLOSSES

    total $8,433 · excluded $8,433

  • 11e · Other revenue, total

    $8,433

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,578 · program services $43,578

  • 3 · Grants to foreign organizations and individuals

    total $161,279 · program services $161,279

  • 5 · Compensation of officers, directors and key employees

    total $10,800 · program services $10,800

  • 7 · Other salaries and wages

    total $89,500 · program services $89,500

  • 10 · Payroll taxes

    total $3,312 · program services $3,312

  • 11c · Fees: accounting

    total $7,900 · management and general $7,900

  • 11f · Fees: investment management

    total $7,507 · management and general $7,507

  • 11g · Fees: other

    total $96,236 · program services $96,236

  • 13 · Office expenses

    total $4,195 · management and general $4,195

  • 14 · Information technology

    total $3,408 · program services $2,068 · management and general $1,340

  • 17 · Travel

    total $12,858 · program services $11,726 · management and general $1,132

  • 22 · Depreciation, depletion and amortization

    total $243 · program services $243

  • 24a · Other expenses: OUTREACH EVENTS

    total $6,641 · program services $6,641

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $18,470 · program services $18,470

  • 24c · Other expenses: TELEPHONE

    total $4,426 · program services $3,861 · management and general $565

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $1,200 · program services $1,157 · management and general $43

  • 24e · All other expenses

    total $13,048 · program services $10,800 · management and general $2,248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,129 · end of year $54,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,978

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

    $9,019

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

    $8,653

  • 10c · Land, buildings and equipment, net

    beginning of year $609 · end of year $366

  • 12 · Investments: other securities

    beginning of year $132,339 · end of year $164,721

  • 17 · Accounts payable and accrued expenses

    end of year $859

  • 31 · Retained earnings, endowment or other funds

    beginning of year $315,055 · end of year $219,204

Mission and programs · 2023

Mission

RECRUIT AND DEVELOP URBAN ETHNIC LEADERSHIP

  • RECRUIT, DEVELOP, AND SUSTAIN URBAN ETHNIC LEADERS AND SUPPORT OF URBAN OUTREACH CHRISTAIN MINISTRIES

    Expenses $459,671 · Revenue $372,582

As filed on the 2023 return.

Listed in Part VII

  • Michael Zacharia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Rusenko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Spencer Brand

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Richard Eagan

    SECRETARY TREASURER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202401519349300740

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