Donors Of Color Network Inc
- Assets
- $7.2m
- Revenue
- $882.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, DC
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-1676971
Organization Overview
Donors Of Color Network Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Donors Of Color Network Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donors Of Color Network 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 12/2022, Donors Of Color Network Inc generated $882.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabelle Leighton Executive Director | OfficerTrustee | 37 | $164,771 |
Yolanda Gantz Director Of Finance And Operations | Officer | 33 | $125,353 |
Jennifer Sarduy Communications Director | 39 | $102,514 | |
Ashindi Maxton Former Exec Dir Resigned | OfficerTrustee | 32 | $28,260 |
Kathleen Tait Chair | OfficerTrustee | 3 | $0 |
Lola C West Co-Chair Of Fundraising Committee | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Vaid Group Llc Strategic Advisor | 12/30/21 | $112,350 |
Riff City Strategies Strategic Advisor | 12/30/21 | $120,281 |
Danielle Deane Climate Strategist | 12/30/21 | $124,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $767,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,821 |
| Total Program Service Revenue | $0 |
| Investment income | $18,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$25,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $882,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,500 |
| 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. | $339,451 |
| Compensation of current officers, directors, key employees. | $213,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $168,716 |
| Payroll taxes | $66,415 |
| Fees for services: Management | $2,400 |
| Fees for services: Legal | $57,376 |
| Fees for services: Accounting | $45,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $611,186 |
| Advertising and promotion | $0 |
| Office expenses | $73,853 |
| Information technology | $101,127 |
| Royalties | $0 |
| Occupancy | $2,917 |
| Travel | $105,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,827 |
| Interest | $199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,787 |
| Insurance | $5,759 |
| All other expenses | $0 |
| Total functional expenses | $2,417,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,299 |
| Savings and temporary cash investments | $6,130,324 |
| Pledges and grants receivable | $351,664 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $143,361 |
| Net Land, buildings, and equipment | $13,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480 |
| Total assets | $7,236,164 |
| Accounts payable and accrued expenses | $126,366 |
| Grants payable | $0 |
| Deferred revenue | $7,114 |
| 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 | $0 |
| Total liabilities | $133,480 |
| Net assets without donor restrictions | $6,677,668 |
| Net assets with donor restrictions | $425,016 |
| 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 | $7,236,164 |
Grants Awarded
Over the last fiscal year, Donors Of Color Network Inc has awarded $1,410,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMALGAMATED CHARITABLE FDTN PURPOSE: Racial Equity Fund | $1,405,000 |
MARCH ON WASHINGTON FILM FESTIVAL PURPOSE: Climate Campaign | $5,000 |