Totals
- Total revenue
- $3,162,564
- Total expenses
- $5,347,839
- Contributions and grants received
- $1,166,548
- Grants paid
- $2,739,291
- Program service revenue
- $0
- Investment income
- $1,993,116
- Other revenue
- $2,900
- Total assets, end of year
- $40,081,777
- Total liabilities, end of year
- $796,785
- Net assets or fund balances, end of year
- $39,284,992
- Program services expenses (Part IX)
- $4,251,064
- Management and general expenses
- $848,469
- Fundraising expenses
- $248,306
- Program service expenses (Part III)
- $4,251,064
Program services were 79.5% 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
$1,166,548
-
1g · Noncash contributions included above
$96,246
-
3 · Investment income
total $1,603,264 · excluded $1,603,264
-
7a · Gross sales of assets other than inventory
securities $10,078,953
-
7b · Less cost or other basis and sales expenses
securities $9,689,101
-
7c · Gain or loss
securities $389,852
-
7d · Net gain or loss
total $389,852 · related or exempt $389,852
-
11a · Other revenue: OTHER INCOME
total $2,900 · related or exempt $2,900
-
11e · Other revenue, total
$2,900
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,540,291 · program services $2,540,291
-
3 · Grants to foreign organizations and individuals
total $199,000 · program services $199,000
-
5 · Compensation of officers, directors and key employees
total $440,559 · program services $308,391 · management and general $44,056 · fundraising $88,112
-
7 · Other salaries and wages
total $506,188 · program services $422,464 · management and general $63,463 · fundraising $20,261
-
9 · Other employee benefits
total $73,396 · program services $51,086 · management and general $16,028 · fundraising $6,282
-
10 · Payroll taxes
total $59,894 · program services $46,633 · management and general $6,405 · fundraising $6,856
-
11b · Fees: legal
total $44,939 · management and general $44,939
-
11c · Fees: accounting
total $122,552 · management and general $122,552
-
11g · Fees: other
total $209,772 · program services $82,260 · management and general $28,787 · fundraising $98,725
-
12 · Advertising and promotion
total $15 · management and general $15
-
13 · Office expenses
total $178,927 · program services $104,041 · management and general $74,320 · fundraising $566
-
14 · Information technology
total $59,941 · program services $23,531 · management and general $33,955 · fundraising $2,455
-
16 · Occupancy
total $191,130 · program services $141,441 · management and general $27,837 · fundraising $21,852
-
17 · Travel
total $264,255 · program services $182,561 · management and general $81,694
-
22 · Depreciation, depletion and amortization
total $17,375 · management and general $17,375
-
23 · Insurance
total $27,932 · program services $20,678 · management and general $4,057 · fundraising $3,197
-
24a · Other expenses: DIGITAL AND EDITORIAL
total $189,577 · program services $50,909 · management and general $138,668
-
24b · Other expenses: CONSULTATION FEES
total $135,091 · program services $8,035 · management and general $127,056
-
24c · Other expenses: SECURITY AND PROTECTION
total $66,661 · program services $65,611 · management and general $1,050
-
24d · Other expenses: STORAGE AND MOVING
total $5,308 · management and general $5,308
-
24e · All other expenses
total $15,036 · program services $4,132 · management and general $10,904
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,151,036 · end of year $20,862,677
-
2 · Savings and temporary cash investments
beginning of year $213,647 · end of year $220,163
-
4 · Accounts receivable
end of year $120,000
-
9 · Prepaid expenses and deferred charges
beginning of year $10,569 · end of year $29,774
-
10a · Land, buildings and equipment: cost or other basis
$77,625
-
10b · Land, buildings and equipment: accumulated depreciation
$32,653
-
10c · Land, buildings and equipment, net
beginning of year $34,722 · end of year $44,972
-
12 · Investments: other securities
beginning of year $16,869,036 · end of year $18,296,545
-
15 · Other assets
beginning of year $664,440 · end of year $507,646
-
17 · Accounts payable and accrued expenses
beginning of year $266,566 · end of year $264,633
-
25 · Other liabilities
beginning of year $679,029 · end of year $532,152
-
27 · Net assets without donor restrictions
beginning of year $40,677,855 · end of year $38,454,731
-
28 · Net assets with donor restrictions
beginning of year $320,000 · end of year $830,261
Mission and programs · 2024
Mission
ECONOMIC EQUITY BY SUPPORTING ORGANIZATONS SERVING MARGINALIZED AND UNDER-RESOURCED COMMUNITIES WITH EDUCATIONAL SCHOLARSHIPS, ADVOCACY OF INTERNSHIPS LEADING TO JOB PLACEMENT, AND ENTREPRENEURIAL GRANTS AND PROGRAM SUPPORT FOR SMALL BUSINESS SUSTAINABILITY.
Activities or mission (Part I)
ECONOMIC EQUITY BY SUPPORTING ORGANIZATIONS THAT SERVE MARGINALIZED AND UNDER-SOURCED COMMUNITIES
-
CHARITABLE GIVING PROGRAM SERVING EDUCATIONAL PURPOSES AND THOSE IN NEED OR IN DISTRESS.
Expenses $4,251,064 · Grants $2,739,291
As filed on the 2024 return.
Listed in Part VII
-
Tina Knowles-LawsonTINA KNOWLES-LAWSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kawanna BrownKAWANNA BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jay BrownJAY BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mai LassiterMAI LASSITER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl CruezotCHERYL CRUEZOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew SterlkaANDREW STERLKA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Funmi Olorunnipa BadejoFUNMI OLORUNNIPA BADEJO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn BookerMARILYN BOOKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ivy McGregor Left November 2024IVY MCGREGOR LEFT NOVEMBER 2024
EXECUTIVE DIRECTOR
- Total calculated
- $439,933
- From this org
- $417,473
- From related orgs
- $0
- Other
- $22,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $342,473
- Bonus
- $30,000
- Other
- $45,000
- Deferred
- $4,200
- Nontaxable benefits
- $18,260
- Filer's total
- $439,933
-
Lasaunda TateLASAUNDA TATE
COO
- Total calculated
- $135,155
- From this org
- $127,734
- From related orgs
- $0
- Other
- $7,421
- Hours/week
- 40
-
Allana BarefieldALLANA BAREFIELD
DIGITAL EDITORIAL CONTENT MANAGER
- Total calculated
- $115,539
- From this org
- $107,379
- From related orgs
- $0
- Other
- $8,160
- Hours/week
- 40
-
Milan SchureMILAN SCHURE
PROGRAM DIRECTOR
- Total calculated
- $109,385
- From this org
- $100,324
- From related orgs
- $0
- Other
- $9,061
- Hours/week
- 40
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
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
-
$250,000
COMMUNITY/DISASTER RELIEF GRANT
-
$200,000
COMMUNITY/DISASTER RELIEF GRANT
-
NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL
$170,000
COMMUNITY/DISASTER RELIEF GRANT
-
$100,000
COMMUNITY/DISASTER RELIEF GRANT
-
COMMUNITY/DISASTER RELIEF GRANT
-
COMMUNITY MUSIC CENTER OF HOUSTON
$100,000
COMMUNITY/DISASTER RELIEF GRANT
-
$100,000
COMMUNITY/DISASTER RELIEF GRANT
-
HOLLYROD FOUNDATION
$100,000
COMMUNITY/DISASTER RELIEF GRANT
-
TEXAS SOUTHERN UNIVERSITY FOUNDATION
$100,000
COMMUNITY/DISASTER RELIEF GRANT
-
UNIVERSITY OF HOUSTON LAW CENTER CRIMINAL JUSTICE CLINIC
$100,000
COMMUNITY/DISASTER RELIEF GRANT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349312272
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.