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Nonprofiteer
← DONORS OF COLOR NETWORK INC

Form 990 for tax year 2024

Filed by DONORS OF COLOR NETWORK INC.

Totals

Total revenue
$1,346,539
Total expenses
$3,179,387
Contributions and grants received
$1,404,000
Grants paid
$216,000
Program service revenue
$0
Investment income
$53,202
Other revenue
-$110,663
Total assets, end of year
$3,407,436
Total liabilities, end of year
$285,706
Net assets or fund balances, end of year
$3,121,730
Program services expenses (Part IX)
$1,605,833
Management and general expenses
$753,604
Fundraising expenses
$819,950
Program service expenses (Part III)
$1,605,833

Program services were 50.5% 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

    $1,404,000

  • 3 · Investment income

    total $53,202 · excluded $53,202

  • 8a · Fundraising events: gross income

    $195,000

  • 8b · Fundraising events: direct expenses

    $305,663

  • 8c · Net income from fundraising events

    total -$110,663 · excluded -$110,663

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $216,000 · program services $216,000

  • 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 $409,944 · program services $245,966 · management and general $81,989 · fundraising $81,989

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $910,444 · program services $345,021 · management and general $195,502 · fundraising $369,921

  • 8 · Pension plan contributions

    total $66,523 · program services $29,775 · management and general $13,980 · fundraising $22,768

  • 9 · Other employee benefits

    total $204,625 · program services $91,587 · management and general $43,004 · fundraising $70,034

  • 10 · Payroll taxes

    total $97,454 · program services $43,619 · management and general $20,481 · fundraising $33,354

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $95,481 · management and general $95,481

  • 11c · Fees: accounting

    total $86,230 · management and general $86,230

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $652,218 · program services $572,548 · management and general $2,204 · fundraising $77,466

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $47,172 · program services $918 · management and general $12,243 · fundraising $34,011

  • 14 · Information technology

    total $131,325 · management and general $131,325

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $140,807 · program services $34,496 · management and general $4,740 · fundraising $101,571

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $63,137 · program services $15,900 · management and general $28,311 · fundraising $18,926

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $9,021 · management and general $9,021

  • 23 · Insurance

    total $2,573 · management and general $95 · fundraising $2,478

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $33,233 · program services $3 · management and general $25,798 · fundraising $7,432

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $13,200 · program services $10,000 · management and general $3,200

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,030 · end of year $274,613

  • 2 · Savings and temporary cash investments

    beginning of year $4,621,053 · end of year $2,624,255

  • 3 · Pledges and grants receivable

    beginning of year $235,000 · end of year $125,488

  • 4 · Accounts receivable

    beginning of year $2,391

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,742 · end of year $247,154

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

    $44,305

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

    $32,159

  • 10c · Land, buildings and equipment, net

    beginning of year $14,385 · end of year $12,146

  • 15 · Other assets

    end of year $123,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,655 · end of year $218,206

  • 19 · Deferred revenue

    end of year $67,500

  • 25 · Other liabilities

    beginning of year $2,368

  • 27 · Net assets without donor restrictions

    beginning of year $4,729,578 · end of year $3,071,730

  • 28 · Net assets with donor restrictions

    beginning of year $225,000 · end of year $50,000

Mission and programs · 2024

Mission

DONORS OF COLOR NETWORK, INC. DOCN, FORMERLY KNOWN AS FACES OF GIVING, INC., IS A PIONEERING CROSS-RACE COMMUNITY OF HIGH WEALTH DONORS OF COLOR BUILDING THE POWER OF PEOPLE OF COLOR COMMUNITIES TO WIN SYSTEMIC CHANGE FOR RACIAL EQUALITY. SEE SCHEDULE O FOR MORE DETAILS.

Activities or mission (Part I)

DOCN IS A PIONEERING CROSS-RACE COMMUNITY OF HIGH WEALTH DONORS OF COLOR BUILDING THE POWER OF PEOPLE OF COLOR COMMUNITIES TO WIN SYSTEMIC CHANGE FOR RACIAL EQUALITY. SEE SCHEDULE O FOR MORE DETAILS.

  • DOCN ENGAGES IN THE FOLLOWING ACTIVITIES BUILDS A NATIONAL NETWORK OF DONORS OF COLOR INTERVIEWS DONORS OF COLOR ABOUT THEIR PHILANTHROPIC STORIES AS NO ONE ELSE IS DOING THIS RESEARCH PROVIDES DONOR EDUCATION PROMOTES AND RELEASES CUTTING EDGE RESEARCH ABOUT DONORS OF COLOR AND BUILDS PROGRAMS WITH IMPACT THAT ACHIEVE RACIAL AND GENDER EQUITY, ADVANCE ECONOMIC OPPORTUNITY FOR COMMUNITIES OF COLOR, SECURE ENVIRONMENTAL JUSTICE, AND BUILD POLITICAL AND CULTURAL POWER TO TRANSFORM SOCIAL INSTITUTIONS SO THAT THEY REFLECT, AND ARE ACCOUNTABLE TO, COMMUNITIES OF COLOR.

    Expenses $1,605,833 · Grants $216,000

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

Listed in Part VII

  • Isabelle Leighton

    EXECUTIVE DIRECTOR

    Total calculated
    $256,016
    From this org
    $242,267
    From related orgs
    $0
    Other
    $13,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,267
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $13,749
    Filer's total
    $256,016
  • Shantel Wilkins

    CHIEF OF STAFF

    Total calculated
    $205,455
    From this org
    $176,272
    From related orgs
    $0
    Other
    $29,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,272
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $29,183
    Filer's total
    $205,455
  • Dolores Garay

    MEMBERSHIP DIRECTOR

    Total calculated
    $177,280
    From this org
    $148,097
    From related orgs
    $0
    Other
    $29,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,097
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $29,183
    Filer's total
    $177,280
  • Vida Benavides

    POLITICAL DIRECTOR

    Total calculated
    $159,034
    From this org
    $142,324
    From related orgs
    $0
    Other
    $16,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,324
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,710
    Filer's total
    $159,034
  • Chika Ekemezie

    GRANT MANAGER

    Total calculated
    $137,341
    From this org
    $120,631
    From related orgs
    $0
    Other
    $16,710
    Hours/week
    40
  • Kathleen Tait

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • Lola C West

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Iara Peng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Jeannie Park

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Courtney Bass-Sherizen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Theo Yang Copley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Leena Barakat

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25
  • Kashif Shaikh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Greg Gunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Ivan Rosales

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • Darren Isom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

  • 3 · Approval by the board or compensation committee

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

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349311824

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