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Nonprofiteer
← 128 COLLECTIVE INTITIATIVES INC

Form 990 for tax year 2023

Filed by 128 COLLECTIVE INTITIATIVES INC.

Totals

Total revenue
$3,272,117
Total expenses
$1,162,908
Contributions and grants received
$3,221,456
Grants paid
$1,000,000
Program service revenue
$0
Investment income
$50,661
Other revenue
$0
Total assets, end of year
$2,309,493
Total liabilities, end of year
$13,524
Net assets or fund balances, end of year
$2,295,969
Program services expenses (Part IX)
$1,000,000
Management and general expenses
$162,908
Fundraising expenses
$0
Program service expenses (Part III)
$1,000,000

Program services were 86.0% 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.

  • 1f · All other contributions, gifts and grants

    $3,221,456

  • 1g · Noncash contributions included above

    $3,221,456

  • 3 · Investment income

    total $46,125 · excluded $46,125

  • 7a · Gross sales of assets other than inventory

    securities $3,229,991

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

    securities $3,225,455

  • 7c · Gain or loss

    securities $4,536

  • 7d · Net gain or loss

    total $4,536 · excluded $4,536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $950,000 · program services $950,000

  • 3 · Grants to foreign organizations and individuals

    total $50,000 · program services $50,000

  • 11b · Fees: legal

    total $184 · management and general $184

  • 11c · Fees: accounting

    total $58,243 · management and general $58,243

  • 13 · Office expenses

    total $1,442 · management and general $1,442

  • 24a · Other expenses: TAX ON 527 EXPENDITURES

    total $103,039 · management and general $103,039

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $209,497 · end of year $2,309,072

  • 9 · Prepaid expenses and deferred charges

    end of year $421

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,737 · end of year $13,524

  • 18 · Grants payable

    beginning of year $15,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $186,760 · end of year $2,295,969

Mission and programs · 2023

Mission

PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.

Activities or mission (Part I)

PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT

  • THE ORGANIZATION MAKES GRANTS TO PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2023 return.

Listed in Part VII

  • Thomas Preston-Werner

    CO-PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.4 related

  • Theresa Preston-Werner

    CO-PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.4 related

  • Tom Van Loben Sels

    TREASURER/SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

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

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

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
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202402489349300945

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

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