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← CENTER FOR ECONOMIC INCLUSION

Form 990 for tax year 2022

Filed by CENTER FOR ECONOMIC INCLUSION.

Totals

Total revenue
$4,329,571
Total expenses
$6,465,591
Contributions and grants received
$3,346,675
Grants paid
$0
Program service revenue
$1,006,761
Investment income
$490
Other revenue
-$24,355
Total assets, end of year
$7,738,892
Total liabilities, end of year
$1,002,053
Net assets or fund balances, end of year
$6,736,839
Program services expenses (Part IX)
$4,431,313
Management and general expenses
$1,929,638
Fundraising expenses
$104,640
Program service expenses (Part III)
$4,431,313

Program services were 68.5% 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.

  • 1a · Federated campaigns

    $74,250

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $51,743

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $657,322

  • 1f · All other contributions, gifts and grants

    $2,563,360

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Service Fees

    total $1,006,761 · related or exempt $1,006,761 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $490 · related or exempt $0 · unrelated business $0 · excluded $490

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $51,743

  • 8b · Fundraising events: direct expenses

    $26,155

  • 8c · Net income from fundraising events

    total -$26,155 · unrelated business $0 · excluded -$26,155

  • 11a · Other revenue: Miscellaneous Revenue

    total $1,800 · related or exempt $0 · unrelated business $0 · excluded $1,800

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,800

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,071,565 · program services $280,623 · management and general $764,909 · fundraising $26,033

  • 7 · Other salaries and wages

    total $1,825,108 · program services $1,624,884 · management and general $190,898 · fundraising $9,326

  • 9 · Other employee benefits

    total $274,496 · program services $244,140 · management and general $29,445 · fundraising $911

  • 10 · Payroll taxes

    total $228,192 · program services $154,857 · management and general $70,897 · fundraising $2,438

  • 11b · Fees: legal

    total $6,085 · management and general $6,085

  • 11c · Fees: accounting

    total $292,774 · management and general $292,774

  • 11d · Fees: lobbying

    total $63,800 · program services $63,800

  • 11e · Fees: professional fundraising services

    total $45,512 · fundraising $45,512

  • 11g · Fees: other

    total $1,779,681 · program services $1,516,187 · management and general $251,459 · fundraising $12,035

  • 13 · Office expenses

    total $111,863 · program services $58,582 · management and general $52,017 · fundraising $1,264

  • 14 · Information technology

    total $161,394 · program services $84,093 · management and general $75,309 · fundraising $1,992

  • 16 · Occupancy

    total $208,998 · program services $108,894 · management and general $97,524 · fundraising $2,580

  • 17 · Travel

    total $126,276 · program services $117,608 · management and general $8,618 · fundraising $50

  • 19 · Conferences, conventions and meetings

    total $152,367 · program services $110,077 · management and general $41,092 · fundraising $1,198

  • 22 · Depreciation, depletion and amortization

    total $102,415 · program services $58,387 · management and general $42,923 · fundraising $1,105

  • 23 · Insurance

    total $15,065 · program services $9,181 · management and general $5,688 · fundraising $196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,744,556 · end of year $4,377,251

  • 2 · Savings and temporary cash investments

    beginning of year $20,003

  • 3 · Pledges and grants receivable

    beginning of year $3,963,563 · end of year $1,962,574

  • 4 · Accounts receivable

    beginning of year $68,673 · end of year $96,791

  • 7 · Other notes and loans receivable

    beginning of year $50,000 · end of year $300,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,413 · end of year $226,887

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

    $688,429

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

    $405,238

  • 10c · Land, buildings and equipment, net

    beginning of year $367,561 · end of year $283,191

  • 14 · Intangible assets

    end of year $10,000

  • 15 · Other assets

    beginning of year $35,000 · end of year $482,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $212,126 · end of year $287,608

  • 19 · Deferred revenue

    end of year $69,650

  • 23 · Secured mortgages and notes payable

    end of year $400,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $230,784 · end of year $244,795

  • 27 · Net assets without donor restrictions

    beginning of year $1,189,351 · end of year $355,649

  • 28 · Net assets with donor restrictions

    beginning of year $7,683,508 · end of year $6,381,190

Mission and programs · 2022

Mission

The Center for Economic Inclusion is an organization committed to strengthening the Minneapolis - Saint Paul region's civic infrastructure and collective capacity to disrupt systems and influence market forces to catalyze shared prosperity and advance an inclusive economy.

  • Racial Equity Consulting Services for Employers & Government Agencies: We collaborate with employers to provide organizational consulting services in 5 Pillars of Racially Responsive Employer Action (People, Procurement, Policy, Philanthropy and Products) while measuring and improving organizational effectiveness nationally and throughout the region.

    Expenses $2,430,457 · Revenue $982,875

  • Driving Shared Accountability for Data Informed Action: We elevate disaggregated data leveraging our Indicators for an Inclusive Regional Economy (TM) to produce dashboards, reports and publications elevating regional trends in inclusive economic growth and competitiveness, racial equity, and corporate action. Our researchers, analysts and consultants offer solutions to help leaders make data informed decisions that address the roots of systemic racism to close racial wealth gaps and stimulate inclusive economic growth.

    Expenses $1,289,640

  • Education, Coaching and Awareness: We curate experiential learning events, trainings, and workshops designed to raise awareness, foster shared accountability, drive action, and build ambassadors for action. Our campaigns inform, equip and inspire employers and policymakers, for example, to invest in regional workforce development to: * Build racially inclusive, equitable and engaging workplaces * Leverage inclusive workplaces to increase productivity and market growth * Drive public policy change through lobbying and regional advocacy * Facilitate cross-racial, multi-sector partnerships for increased awareness, action, and accountability * Elevate the economic imperative of closing racial wealth gaps by investing in Black, Indigenous, Latinx, and Asian individuals, businesses, and communities.

    Expenses $711,216 · Revenue $23,886

As filed on the 2022 return.

Listed in Part VII

  • Tawanna Black

    Founder and Chief Executive Officer

    Total calculated
    $391,215
    From this org
    $350,600
    From related orgs
    $0
    Other
    $40,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,600
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $23,115
    Filer's total
    $391,215

  • Suzanne Kelly

    Chief of Staff

    Total calculated
    $217,995
    From this org
    $178,600
    From related orgs
    $0
    Other
    $39,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,600
    Bonus
    $0
    Other
    $0
    Deferred
    $26,700
    Nontaxable benefits
    $12,695
    Filer's total
    $217,995

  • Anthony Tolliver

    Sr Director of Workforce Innovation

    Total calculated
    $191,999
    From this org
    $155,600
    From related orgs
    $0
    Other
    $36,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,600
    Bonus
    $0
    Other
    $0
    Deferred
    $7,750
    Nontaxable benefits
    $28,649
    Filer's total
    $191,999

  • Andrea Ferstan

    VP of Systems Innovation

    Total calculated
    $174,360
    From this org
    $158,564
    From related orgs
    $0
    Other
    $15,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,564
    Bonus
    $0
    Other
    $0
    Deferred
    $15,796
    Nontaxable benefits
    $0
    Filer's total
    $174,360

  • Nathan Arnosti

    Director of Analytics

    Total calculated
    $127,735
    From this org
    $116,411
    From related orgs
    $0
    Other
    $11,324
    Hours/week
    40

  • Michele Pletcher

    VP of Finance and Operations

    Total calculated
    $95,995
    From this org
    $88,350
    From related orgs
    $0
    Other
    $7,645
    Hours/week
    40

  • William Barney

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Repa Mekha

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Adair Mosley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joseph Nayquonabe

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Toni Carter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sam Yamoah Jr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Hudson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dionne Gumbs

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elliot Jaffee

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Randolph

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ro Adebiyi

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Kenneth LaChance

    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. 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202312229349300131

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