2024-11-05T08:29:25-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2023-01-01 812253548 EDUCATION LEADERS OF COLOR INC EDUC 8314198415 3680 WILSHIRE BLVD STE P-04-1052 LOS ANGELES CA 90010 SHARHONDA BOSSIER CEO/EXECUTIVE DIRECTOR 8314198415 2024-10-25 1 1 AMANDA ADAMS P00748038 7813562000 2023 2024-10-15 13:58:12Z SHARHONDA BOSSIER 3680 WILSHIRE BLVD STE P-04-1052 LOS ANGELES CA 90010 3215156 0 X WWW.EDLOC.ORG X 2016 DC ENSURE YOUNG PEOPLE OF COLOR HAVE THE OPPORTUNITIES TO BUILD GENERATIONAL WEALTH AND THRIVE. 10 10 11 1167 0 0 6806680 2607733 189452 384351 22825 9762 0 0 7018957 3001846 1149809 700000 0 0 2073464 2089501 0 0 152909 2735421 3212321 5958694 6001822 1060263 -2999976 14796496 12290325 133165 375513 14663331 11914812 X TO CATALYZE THE ACADEMIC AND ECONOMIC ADVANCEMENT OF YOUNG PEOPLE OF COLOR BY HARNESSING THE POWER OF OUR MULTI-RACIAL, MULTI-SECTOR, AND VALUES-ALIGNED MEMBERSHIP NETWORK. 0 0 2142469 384351 NETWORK: EDLOC WORKS TO RECRUIT & SELECT LEADERS OF COLOR IN KEY DECISION-MAKING ROLES TO OUR NETWORK IN ORDER TO BUILD OUR COLLECTIVE POWER & MEMBERS' PERSONAL PROFESSIONAL NETWORKS/SOCIAL CAPITAL. ONCE MEMBERS JOIN THE NETWORK, EDLOC HOSTS A SERIES OF MEMBER PROGRAMMING EVENTS TO HELP CULTIVATE AND BUILD THE CAPACITY OF OUR MEMBERS. OUR NATIONAL CONVENINGS PROVIDE OPPORTUNITIES TO BUILD OUR MEMBERS' KNOWLEDGE AND EXPERTISE AROUND OUR POLICY PLATFORM AND OTHER RELEVANT TOPICS. IT HAS SERVED TO GROW AND CONNECT THE MEMBERSHIP, ELEVATE OUR SHARED VALUES, BUILD SKILLS, AND ALIGN ON OUR GOALS AND PRIORITIES. OUR CONVENINGS, WITH OVER 500 PARTICIPANTS IN 2023, HAVE ALSO FILLED A GAP IN THE FIELD TO NETWORK AND PROVIDE SUPPORT TO VALUES-ALIGNED, DIVERSE LEADERS IN EDUCATION AND RELATED FIELDS. 1393839 700000 GRANTMAKING: THE BOULDER FUND GRANTS SUPPORT ENTREPRENEURIAL VENTURES OF INNOVATIVE AND DIVERSE LEADERS WORKING TO ADVANCE EDLOC'S VALUES AND POLICY PRIORITIES. THE FUND IS INTEGRAL TO EDLOC'S STRATEGY OF ADVANCING VALUES-ALIGNED LEADERS OF COLOR COMMITTED TO DEMONSTRATING THE IMPACT OF CROSS-SECTOR APPROACHES. EDLOC INVESTS IN LEADERS AND ORGANIZATIONS THAT ARE TAKING VALUE-ALIGNED APPROACHES TO SOLVING THE MOST PRESSING CHALLENGES IN EDUCATION AND ARE INSPIRED BY BEING PART OF A NETWORK THAT COLLECTIVELY SEEKS TO BUILD GENERATIONAL WEALTH. IN 2023, THROUGH A COMPETITIVE GRANT APPLICATION PROCESS, EDLOC AWARDED $700,000 IN GRANTS (EACH $100,000) TO EDLOC MEMBERS WHO ARE SPEARHEADING OR EXPANDING INNOVATIONS ALIGNED WITH EDLOC'S VALUES AND POLICY PLATFORM. IN ADDITION TO DIRECT GRANT SUPPORT, EDLOC PROVIDES ADDITIONAL SUPPORT IN THE FORM OF COACHING AND THOUGHT PARTNERSHIP TO GRANTEES. THE GRANT RECIPIENTS LEAD ORGANIZATIONS FOCUSED ON IMPROVING LIFE OUTCOMES FOR CHILDREN OF COLOR ACROSS THE COUNTRY. 1063955 0 THE SOCIAL STUDIES ACCELERATOR IS AN INITIATIVE COMMITTED TO SUPPORTING THE ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY CULTURALLY RESPONSIVE SOCIAL STUDIES CURRICULA IN SCHOOLS AND DISTRICTS ACROSS THE COUNTRY. RECONSTRUCTIONUS PROVIDES YOUNG PEOPLE WITH ACCESS TO CULTURALLY-AFFIRMING LEARNING SPACES & COMMUNITY. EDLOC SUPPORTS STUDENTS FROM LOW-INCOME FAMILIES IN GAINING ACCESS TO RECONSTRUCTIONUS COURSES & CURRICULA. 498995 POLICY & ADVOCACY: THROUGH OUR AFFINITY GROUPS AND REGIONAL NETWORKS, MEMBERS CONVENE TO STRATEGIZE AROUND HOW TO ADVANCE POLICIES CRITICAL TO PROTECTING AND SUPPORTING OUR STUDENTS, FAMILIES, AND COMMUNITIES AND BUILD RELATIONSHIPS TO CREATE STRONGER CROSS-SECTOR, MULTI-RACIAL COALITIONS. DURING ANNUAL ADVOCACY DAY EVENTS, MEMBERS MEET WITH LEGISLATIVE LEADERS IN WASHINGTON, D.C. AND IN THEIR HOME DISTRICT. 498995 5099258 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 46 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA NY IL OK CA X KEVIN D FONTANA 7813568050 2 SHARP STREET UNIT B HINGHAM MA 02043 GREG GUNN CHAIR 2.00 X X 0 0 0 DERONDA WILLIAMS TREASURER 2.00 X X 0 0 0 ALMA MARQUEZ DIRECTOR 2.00 X 0 0 0 TOMMY CHANG DIRECTOR 2.00 X 0 0 0 NANCY GUTIERREZ DIRECTOR 2.00 X 0 0 0 HEATHER HARDING DIRECTOR 2.00 X 0 0 0 DINAH CONSUEGRA DIRECTOR 2.00 X 0 0 0 ANA PONCE DIRECTOR 2.00 X 0 0 0 SONYA ANDERSON DIRECTOR 2.00 X 0 0 0 RAQUEL DONOSO DIRECTOR 2.00 X 0 0 0 SHARHONDA BOSSIER CEO 40.00 X 328836 0 56511 KRUPA DESAI CHIEF STRATEGY OFFICER 40.00 X 228370 0 19031 ELSA DURE CHIEF OPERATING OFFICER 40.00 X 187549 0 7589 ANGELICA SOLIS-MONTERO CHIEF POLICY OFFICER 40.00 X 183813 0 36655 DARYL MCADOO CHIEF NETWORK OFFICER 40.00 X 179599 0 16637 ANDREA FOGGY-PAXTON ENTREPRENEUR IN RESIDENCE 40.00 X 138034 0 6506 ANDREA ARROYO DIR. OF NETWORK CULTURE & ENGAGE. 40.00 X 118314 0 17232 1364515 0 160161 7 0 1 0 WEARERALLY LLC 5670 WILSHIRE BLVD SUITE 820 LOS ANGELES CA 90036 MARKETING/COMMUNICATIONS 272631 RECONSTRUCTION US INC 1283 TUNICA ST BOX 80160 MEMPHIS TN 38108 ENRICHMENT COURSES 240255 FRONT PORCH ENTERTAINMENT INC 11857 HESBY ST VALLEY VILLAGE CA 91607 PROJECT MGMT/CONSULTING 195050 EDSOLUTIONS 4 ORLY CT PRINCETON JUNCTION NJ 08550 EDUCATION CONSULTING 125000 REDROCK LLC 11011 W CHARLESTON BLVD LAS VEGAS NV 89135 HOTEL & EVENT CATERING 114700 7 2607733 2607733 CONVENING REGISTRATION 611710 360213 360213 JOB POSTING FEES 611710 23795 23795 343 343 384351 37114 37114 185958 213310 -27352 -27352 -27352 3001846 384351 0 9762 X 700000 700000 632748 369978 149940 112830 240255 240255 991982 906887 68914 16181 50872 44948 5834 90 70100 62533 7567 103544 85211 14287 4046 33490 33490 108031 108031 18527 18527 1118770 902589 207921 8260 439888 439888 51969 26167 25123 679 92400 13292 78748 360 35602 23788 3246 8568 1295294 1279555 13844 1895 4167 4167 9183 9183 5000 5000 6001822 5099258 749655 152909 1682673 1994987 6919171 6824525 4408000 1675000 2000 1439 354431 128360 25831 20623 9375 5208 1420846 1660806 14796496 12290325 77595 194211 100000 55570 81302 133165 375513 X 9610332 9159709 5052999 2755103 14663331 11914812 14796496 12290325 -2999976 251457 0 X 0 1 X 1 0 X 1732149 5094567 11069589 6806680 2607733 27310718 1732149 5094567 11069589 6806680 2607733 27310718 11009729 16300989 1774 2265 24097 37827 37114 103077 27413795 884277 0.59460 0.59100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4073808 1000000 241057 5314865 3433360 1000000 -359552 4073808 2251856 1000000 181504 3433360 1625764 625000 1092 2251856 1000000 625000 764 1625764 1.00000 0 0 25831 20623 5208 5208 X 3282776 251457 48000 299457 2983319 18527 18527 3001846 6031295 48000 48000 5983295 18527 18527 6001822 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE DESIGNATED BY THE BOARD OF DIRECTORS AND ARE INTENDED TO BE USED TO CREATE THE "BOULDER FUND", WHICH WILL BE USED TO PROVIDE SUPPORT THROUGH GRANTS TO ORGANIZATIONS WHICH ALIGN WITH EDUCATION LEADERS OF COLOR, INC.'S MISSION. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC 740 INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT DECEMBER 31, 2023 AND 2022, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS. 1 BELOVED COMMUNITY 3157 GENTILLY BOULEVARD 176 NEW ORLEANS LA 70122 813388287 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT EXALT YOUTH 17 BATTERY PLACE SUITE 307 NEW YORK NY 10004 205540955 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT LATINO EDUCATORS ADVANCING LEADERSHIP 1884 PINECREST DR ALTADENA CA 91001 871719921 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT NATIONAL ASSOCIATION FOR FAMILY CHILD CARE 700 12TH STREET NW STE 700 WASHINGTON DC 20005 931902325 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT PROPEL AMERICA 800 BOYLSTON STREET BOX 990443 BOSTON MA 02119 831867782 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT ROOTED SCHOOL FOUNDATION 612 ANDREW HIGGINS BOULEVARD NEW ORLEANS LA 70130 841905316 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT WATTS OF POWER FOUNDATION 1613 W 20TH STREET LOS ANGELES CA 90007 834510126 501(C)(3) 100000 0 GENERAL OPERATING SUPPORT 7 0 PART I, LINE 2: EDLOC MONITORS THE USE OF FUNDS GRANTED IN ACCORDANCE WITH EACH GRANTEE'S PROPOSED BUDGET THROUGH FINANCIAL UPDATES AND REVIEW OF THEIR FORM 990. IN ADDITION, EDLOC HOLDS BI-MONTHLY CALLS AND SITE VISITS WITH EACH OF THE RECIPIENTS TO DISCUSS PROGRESS TOWARDS GOALS AND SUPPORT NEEDS. X X X 0 0 0 0 0 0 0 1 0 SHARHONDA BOSSIER CEO 283286 0 45550 0 0 0 48250 0 8261 0 385347 0 0 0 KRUPA DESAI CHIEF STRATEGY OFFICER 228370 0 0 0 0 0 11024 0 8007 0 247401 0 0 0 ANGELICA SOLIS-MONTERO CHIEF POLICY OFFICER 175920 0 7893 0 0 0 5714 0 30941 0 220468 0 0 0 DARYL MCADOO CHIEF NETWORK OFFICER 179599 0 0 0 0 0 9058 0 7579 0 196236 0 0 0 ELSA DURE CHIEF OPERATING OFFICER 187549 0 0 0 0 0 7589 0 0 0 195138 0 0 0 PART I, LINE 7 BONUSES WERE PAID TO STAFF MEMBERS WHO CONTRIBUTED SIGNIFICANTLY TO OUR OVERALL WORK AND PERFORMANCE GOALS (NOT CONTINGENT ON FINANCIAL RESULTS). RECONSTRUCTION INC ENTITY OWNED > THAN 35% BY FORMER BOARD MEMBER/FOUNDING CHAIR OF EDLOC 240255 PAYMENTS OF RESTRICTED FUNDS FOR TUITION ASSISTANCE FOR CHILDREN ENROLLED IN RECONSTRUCTION'S ENRICHMENT CLASSES 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OUTSOURCED ACCOUNTING FIRM CONDUCTS A DETAILED REVIEW OF THE FORM 990. ONCE ALL QUESTIONS ARE ADDRESSED, A FINAL COPY IS PROVIDED TO THE ORGANIZATION'S CEO AND THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ONCE APPROVED, THE FINAL COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD, PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL OFFICERS, KEY EMPLOYEES, MEMBERS OF THE BOARD AND ITS COMMITTEES (COLLECTIVELY "RESPONSIBLE PERSONS"). RESPONSIBLE PERSONS MUST DISCLOSE ANY POTENTIAL CONFLICTS TO THE BOARD/COMMITTEE (OR THE CHAIR); THE REMAINING MEMBERS OF THE BOARD (OR COMMITTEE) WILL DETERMINE IF A CONFLICT ACTUALLY EXISTS. IF A CONFLICT IS DEEMED TO EXIST, THE BOARD OR COMMITTEE WILL DISCUSS AND REVIEW ALTERNATIVES, AND VOTE ON WHETHER OR NOT TO APPROVE THE TRANSACTION. THE RESPONSIBLE PERSON WITH THE CONFLICT IS PERMITTED TO DISCLOSE FACTS AND RESPOND TO QUESTIONS, BUT IS PROHIBITED FROM PARTICIPATING IN THE BOARD OR COMMITTEE DISCUSSION AND FROM EXERTING THEIR INFLUENCE, EITHER AT OR OUTSIDE THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS SET IN 2021 AT A 1.7% INCREASE FROM THE PREVIOUS CEO'S COMPENSATION (WHICH HAD BEEN SET BY THE BOARD IN 2020 BASED ON A REVIEW OF COMPARABLE DATA AS PART OF THE ANNUAL BUDGET PROCESS), AND HAS NOT CHANGED SINCE THEN. HOWEVER, ANNUAL BONUSES HAVE BEEN DETERMINED AND APPROVED BY THE BOARD, BASED ON ACHIEVEMENT OF CERTAIN DEFINED METRICS (INCLUDING PROGRAM IMPACT AND STAFF MANAGEMENT/RETENTION). COMPENSATION OF KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE CEO, BASED ON COMPARABILITY DATA FOR SIMILAR POSITIONS IN SIMILAR SIZED ORGANIZATIONS AND SECTORS, AND IS APPROVED BY THE BOARD DURING THE ANNUAL BUDGET APPROVAL PROCESS. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CHIEF STRATEGY OFFICER DURING 2022 (FOR COMPENSATION PERTAINING TO THE FOLLOWING YEAR). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,327. BOULDER FUND COACHES: PROGRAM SERVICE EXPENSES 119,749. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 119,749. STRATEGY ADVISOR: PROGRAM SERVICE EXPENSES 137,125. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 137,125. CRT CONSULTANTS: PROGRAM SERVICE EXPENSES 404,272. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 404,272. CONSULTING - OTHER: PROGRAM SERVICE EXPENSES 241,443. MANAGEMENT AND GENERAL EXPENSES 186,594. FUNDRAISING EXPENSES 8,260. TOTAL EXPENSES 436,297.