Coqual Inc
- Assets
- $4.0m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 33
- Location
- New York, NY
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 13-3730312
Organization Overview
Coqual Inc is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Coqual Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coqual Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Coqual Inc generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH INSIGHTFUL RESEARCH AND POWERFUL CONVENINGS, WE INSPIRE AND EQUIP LEADERS TO DESIGN DIVERSE, INCLUSIVE, AND EQUITABLE WORKPLACES WHERE EVERY PERSON BELONGS.
Describe the Organization's Program Activity:
THE FLAGSHIP PROJECT OF COQUAL INC IS THE TASK FORCE FOR TALENT INNOVATION. THE MISSION OF THE TASK FORCE IS TO RESPOND TO THE CHALLENGES POSED BY THE RESEARCH AND CREATE ACTION AND IMPACT. TO DATE, THE TASK FORCE HAS SPEARHEADED MORE THAN 200-PLUS NEW BEST PRACTICES THAT GO BEYOND ACCESS AND OPPORTUNITY TO RETENTION AND ACCELERATION. THIS ACTION ON THE GROUND HAS GARNERED SIGNIFICANT ATTENTION, POSITIONING TASK FORCE MEMBERS AS "THOUGHT LEADERS" IN GLOBAL TALENT MANAGEMENT. THE TASK FORCE IS COMPRISED OF MORE THAN 100 GLOBAL CORPORATIONS AND ORGANIZATIONS REPRESENTING NEARLY 6 MILLION EMPLOYEES IN 192 COUNTRIES. COQUAL INC ALSO IMPLEMENTS RESEARCH FOR MEMBERS. RESEARCH IMPLEMENTATION INCLUDES TAKING FINDINGS FROM OUR CUTTING EDGE RESEARCH AND FINDING WAYS TO INCREASE DIVERSITY AND INCLUSION IN WORK PLACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lanaya Irvin CEO (as Of Feb. 2021) | OfficerTrustee | 40 | $423,017 |
Julia Taylor Kennedy Executive Vice President | Officer | 40 | $298,950 |
Jason Zahorchak Evp/treasurer | Officer | 40 | $248,212 |
Pooja Jain-Link Executive Vice President | Officer | 40 | $204,313 |
Sandra Rice Svp, Outreach And Strategi | 40 | $178,800 | |
Margaret Shiller Secretary/chief Of Staff | Officer | 40 | $176,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Margaret Clarkson Advisory Consultant | 12/30/21 | $132,640 |
Weber Shandwick Public Relations | 12/30/21 | $118,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $456,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,511,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,967,637 |
| Total Program Service Revenue | $513,750 |
| Investment income | $3,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $428,893 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,916,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,428,152 |
| Compensation of current officers, directors, key employees. | $418,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $859,918 |
| Pension plan accruals and contributions | $82,031 |
| Other employee benefits | $128,048 |
| Payroll taxes | $170,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,324 |
| Fees for services: Accounting | $25,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,678 |
| Advertising and promotion | $117,695 |
| Office expenses | $16,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,801 |
| Travel | $11,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,928 |
| Insurance | $14,163 |
| All other expenses | $32,889 |
| Total functional expenses | $3,761,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,843 |
| Savings and temporary cash investments | $285,675 |
| Pledges and grants receivable | $605,007 |
| Accounts receivable, net | $156,220 |
| Loans from Officers, Directors, or Controlling Persons | $26,357 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,098 |
| Net Land, buildings, and equipment | $153,996 |
| Investments—publicly traded securities | $2,028 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,090,679 |
| Total assets | $3,954,903 |
| Accounts payable and accrued expenses | $121,644 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,024 |
| Total liabilities | $248,668 |
| Net assets without donor restrictions | $2,635,581 |
| Net assets with donor restrictions | $1,070,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,954,903 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coqual Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folium Inc Chambersburg, PA | $14,596,128 | $25,665,038 |
Childrens Home Society Of New Jersey Trenton, NJ | $28,155,049 | $20,262,736 |
Kidspeace National Centers Of New England Inc Schnecksville, PA | $8,095,792 | $17,415,455 |
Glade Run Lutheran Services Zelienople, PA | $21,485,786 | $18,765,476 |
Friendship House Scranton, PA | $19,332,908 | $21,173,767 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Kidspeace National Centers Of North America Inc Schnecksville, PA | $6,013,176 | $16,966,770 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Auberle Mckeesport, PA | $5,710,506 | $15,397,907 |