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← DONORS OF COLOR NETWORK INC

Form 990 for tax year 2022

Filed by DONORS OF COLOR NETWORK INC.

Totals

Total revenue
$882,018
Total expenses
$2,417,376
Contributions and grants received
$886,821
Grants paid
$126,500
Program service revenue
$0
Investment income
$18,710
Other revenue
-$23,513
Total assets, end of year
$7,236,164
Total liabilities, end of year
$133,480
Net assets or fund balances, end of year
$7,102,684
Program services expenses (Part IX)
$1,214,270
Management and general expenses
$695,965
Fundraising expenses
$507,141
Program service expenses (Part III)
$1,214,270

Program services were 50.2% 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)

    $119,263

  • 1f · All other contributions, gifts and grants

    $767,558

  • 3 · Investment income

    total $18,710 · excluded $18,710

  • 8a · Fundraising events: gross income

    $167,113

  • 8b · Fundraising events: direct expenses

    $192,741

  • 8c · Net income from fundraising events

    total -$25,628 · excluded -$25,628

  • 11a · Other revenue: OTHER INCOME

    total $2,115 · related or exempt $2,115

  • 11e · Other revenue, total

    $2,115

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $126,500 · program services $126,500

  • 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 $339,451 · program services $66,978 · management and general $213,061 · fundraising $59,412

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $509,325 · program services $328,245 · management and general $61,108 · fundraising $119,972

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $168,716 · program services $76,925 · management and general $51,925 · fundraising $39,866

  • 10 · Payroll taxes

    total $66,415 · program services $36,030 · management and general $17,639 · fundraising $12,746

  • 11a · Fees: management

    total $2,400 · fundraising $2,400

  • 11b · Fees: legal

    total $57,376 · management and general $57,376

  • 11c · Fees: accounting

    total $45,500 · management and general $45,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $52,000 · fundraising $52,000

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $611,186 · program services $428,112 · management and general $74,007 · fundraising $109,067

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $73,853 · program services $24,763 · management and general $13,619 · fundraising $35,471

  • 14 · Information technology

    total $101,127 · program services $42,798 · management and general $58,120 · fundraising $209

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,917 · program services $1,222 · management and general $1,554 · fundraising $141

  • 17 · Travel

    total $105,186 · program services $28,368 · management and general $20,932 · fundraising $55,886

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $47,827 · program services $23,141 · management and general $15,540 · fundraising $9,146

  • 20 · Interest

    total $199 · management and general $199

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,787 · management and general $5,787

  • 23 · Insurance

    total $5,759 · program services $3,242 · management and general $1,172 · fundraising $1,345

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $49,112 · program services $25,946 · management and general $14,436 · fundraising $8,730

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $40,000 · management and general $40,000

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $5,990 · program services $2,000 · management and general $3,990

  • 24d · Other expenses: MISCELLANEOUS

    total $750 · fundraising $750

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,914 · end of year $597,299

  • 2 · Savings and temporary cash investments

    beginning of year $8,714,944 · end of year $6,130,324

  • 3 · Pledges and grants receivable

    beginning of year $408,313 · end of year $351,664

  • 9 · Prepaid expenses and deferred charges

    beginning of year $94,981 · end of year $143,361

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

    $28,229

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

    $15,193

  • 10c · Land, buildings and equipment, net

    beginning of year $7,738 · end of year $13,036

  • 15 · Other assets

    beginning of year $8,953 · end of year $480

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,181 · end of year $126,366

  • 19 · Deferred revenue

    beginning of year $11,000 · end of year $7,114

  • 24 · Unsecured notes and loans payable

    beginning of year $118,320

  • 27 · Net assets without donor restrictions

    beginning of year $8,876,780 · end of year $6,677,668

  • 28 · Net assets with donor restrictions

    beginning of year $224,562 · end of year $425,016

Mission and programs · 2022

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 $1,214,270 · Grants $126,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Isabelle Leighton

    EXECUTIVE DIRECTOR

    Total calculated
    $201,117
    From this org
    $164,771
    From related orgs
    $0
    Other
    $36,346
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $164,771
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $36,346
    Filer's total
    $201,117

  • Yolanda Gantz

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $165,911
    From this org
    $125,353
    From related orgs
    $0
    Other
    $40,558
    Hours/week
    33 + 7 related

    Schedule J breakdown matched by us

    Base
    $125,353
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $40,558
    Filer's total
    $165,911

  • Jennifer Sarduy

    COMMUNICATIONS DIRECTOR

    Total calculated
    $143,072
    From this org
    $102,514
    From related orgs
    $0
    Other
    $40,558
    Hours/week
    39 + 1 related

  • Ashindi Maxton

    FORMER EXEC DIR RESIGNED

    Total calculated
    $29,257
    From this org
    $28,260
    From related orgs
    $0
    Other
    $997
    Hours/week
    32 + 8 related

  • Kathleen Tait

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Lola C West

    CO-CHAIR OF FUNDRAISING COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Iara Peng

    CO-CHAIR OF FUNDRAISING COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Jeannie Park

    GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Courtney Bass-Sherizen

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Theo Yang Copley

    FINANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Armando Castellano

    GOVERNANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Leena Barakat

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Kashif Shaikh

    FUNDRAISING COMMITTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Greg Gunn

    CHAIR FINANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    0.5

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349323261

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