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Nonprofiteer
← OF COLOR INC

Form 990 for tax year 2024

Filed by OF COLOR INC.

Totals

Total revenue
$2,522,355
Total expenses
$2,579,404
Contributions and grants received
$2,522,355
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$599,915
Total liabilities, end of year
$282,425
Net assets or fund balances, end of year
$317,490
Program services expenses (Part IX)
$2,129,348
Management and general expenses
$349,233
Fundraising expenses
$100,823
Program service expenses (Part III)
$2,129,348

Program services were 82.6% 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.

  • 1e · Government grants (contributions)

    $2,375,679

  • 1f · All other contributions, gifts and grants

    $146,676

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $153,102 · program services $102,578 · management and general $45,931 · fundraising $4,593

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,250,650 · program services $1,005,302 · management and general $175,874 · fundraising $69,474

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $302,521 · program services $251,373 · management and general $43,995 · fundraising $7,153

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $15,164 · management and general $15,164

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $125,732 · program services $115,608 · management and general $9,578 · fundraising $546

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $30,320 · program services $28,171 · management and general $1,817 · fundraising $332

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $52,257 · program services $47,554 · management and general $3,135 · fundraising $1,568

  • 17 · Travel

    total $22,061 · program services $19,709 · management and general $2,352

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $8,889 · program services $2,820 · management and general $6,069

  • 20 · Interest

    total $6,015 · management and general $6,015

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $45,783 · program services $41,663 · management and general $2,747 · fundraising $1,373

  • 23 · Insurance

    total $10,610 · program services $10,610

  • 24a · Other expenses: Client Expenses

    total $169,623 · program services $153,916 · management and general $4,007 · fundraising $11,700

  • 24b · Other expenses: Administrative Expense

    total $127,299 · program services $95,621 · management and general $27,880 · fundraising $3,798

  • 24c · Other expenses: HUD Lease Expense

    total $178,024 · program services $178,024

  • 24d · Other expenses: Supplies

    total $50,443 · program services $49,276 · management and general $1,167

  • 24e · All other expenses

    total $30,911 · program services $27,123 · management and general $3,502 · fundraising $286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $372,861 · end of year $281,964

  • 4 · Accounts receivable

    beginning of year $47,000 · end of year $124,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,946 · end of year $165

  • 15 · Other assets

    beginning of year $276,722 · end of year $193,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,849 · end of year $81,978

  • 25 · Other liabilities

    beginning of year $280,141 · end of year $200,447

  • 27 · Net assets without donor restrictions

    beginning of year $374,539 · end of year $317,490

Mission and programs · 2024

Mission

To help people of all colors enhance their own economic and educational goals

  • The Illinois Youth Investment program provides targeted long-term employment and youth apprenticeship programs. Its services deliver a holistic approach to the workforce environment including personal development, job training, work-based learning, supportive services, mentoring and coaching services to young adults ages 18-24. IYIP focuses on executive functioning and self-regulation skill development to enable planning, memory and multi-tasking capabilities of its youth.

    Expenses $497,658

  • Homeless Veterans Reintegration program HVRP provides employment, training, and housing linkage services for homeless veteran populations identified as young adults, women with children, chronic homeless and recently incarcerated. HVRP serves urban communities on the south and west side of Chicago whose communities range from 20 - 50 below poverty levels and experience 30 - 52 unemployment rates.

    Expenses $345,048

  • The Rapid Re-Housing RRH program is a short-term maximum 12 months, with the possibility of extending for an additional 12 months rental subsidy program. It was designed by the federal department of housing and urban development HUD to serve homeless families throughout the city of Chicago. Of Color Inc serves sixty families in helping them to secure stable housing to avoid homelessness in the future.

    Expenses $266,032

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Renita White

    Executive Director

    Total calculated
    $154,052
    From this org
    $154,052
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,952
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $12,400
    Filer's total
    $163,352
  • Melina Higbee

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Karen Swinger

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Brenda Duncan

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Dr Camilla Johnson

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Sandra Moss

    Director

    Total calculated
    $0
    Hours/week
    1
  • Tiffany Perkins

    Director

    Total calculated
    $0
    Hours/week
    1
  • Angela Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Matt Strauss

    Director

    Total calculated
    $0
    Hours/week
    1
  • Lizzie Harrington

    Director

    Total calculated
    $0
    Hours/week
    1
  • Cosette Ayele

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jamie Ricks

    Director

    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. 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
19 June 2025
IRS schema version
2024v5.1
Source object
202521709349300217

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