Community Bonds Inc
- Assets
- $1.9m
- Revenue
- $520.8k
- Investments
- $0.0
- Employees
- 19
- Location
- New Haven, CT
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2912950
Organization Overview
Community Bonds Inc is located in New Haven, CT. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Community Bonds Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Bonds 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, Community Bonds Inc generated $520.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $702.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE DIRECT HARMS CAUSED BY MASS CRIMINALIZATION, INCARCERATION, AND DEPORTATION WHILE BUILDING GRASSROOTS COMMUNITY POWER AMONG THE INDIVIDUALS AND FAMILIES MOST IMPACTED BY THESE SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-TRIAL DEFENSE PROGRAM: PROVIDES CHARITABLE BAIL ASSISTANCE FOR INDIVIDUALS IN PRETRIAL DETENTION IN CONNECTICUT, IT ALSO SERVES TO CONNECT INDIVIDUALS AND FAMILIES WITH COMMUNITY SUPPORT RESOURCES.
SISTERS UNITED:PROMOTES HEALING AND EMPOWERMENT FOR WOMEN WHO ARE IMPACTED BY RACIAL, ECONOMIC, AND GENDER BASED OPPRESSION. THE PROGRAM PROVIDES A WEEKLY SUPPORT GROUP FOR WOMEN AS WELL AS ACCESS TO EDUCATIONAL OPPORTUNITIES, SOCIAL SERVICES, AND HEALTH RESOURCES. THE PROGRAM ALSO FACILITATES ADVOCACY OPPORTUNITIES FOR WOMEN.PRISON SUPPORT HOTLINE. THIS WAS A VOLUNTEER-POWERED PROGRAM THAT WAS DESIGNED TO (1) KEEP TRACK OF CHANGING CONDITIONS INSIDE CT PRISONS AND JAILS DURING COVID, AND, MOST IMPORTANTLY, (2) FACILITATE DIRECT SUPPORT TO INCARCERATED CALLERS. THIS SUPPORT WOULD TAKE THE FORM OF FACILITATING COMMUNICATION BETWEEN CALLERS AND ATTORNEYS, CONNECTING CALLERS' FAMILIES TO OUR PARTICIPATORY DEFENSE PROGRAM, ORGANIZING BAIL-OUTS, AND MORE.RADIO NEWSLETTER. THIS PROGRAM, WHICH INVOLVES A MONTHLY RADIO SEGMENT, IS DESIGNED TO PROVIDE A PLATFORM FOR THE SELF-ADVOCACY OF INCARCERATED PEOPLE AS A TOOL FOR PUBLIC EDUCATION AND COMMUNITY EMPOWERMENT.
PARTICIPATORY DEFENSES AND COMMUNITY ADVOCACY:PROVIDES OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES IMPACTED BY CRIMINAL LEGAL SYSTEMS TO COME TOGETHER, LEARN ABOUT THE SYSTEM, PROVIDE MUTUAL SUPPORT, ACCESS RESOURCES THAT ASSIST WITH LEGAL, ECONOMIC, AND HEALTH CHALLENGES, AND BECOME EMPOWERED TO ENGAGE IN COMMUNITY ADVOCACY.
IMMIGRANT BAIL FUND:PROVIDES CHARITABLE ASSISTANCE WITH IMMIGRATION BOND PAYMENTS FOR INDIGENT INDIVIDUALS, PRICIPALLY THOSE BASED IN CONNECTICUT, IT ALSO SERVES TO CONNECT FAMILIES WITH COMMUNITY SUPPORT RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jewu Richardson Co President | OfficerTrustee | 50 | $78,785 |
Tasha Blanco Co President | OfficerTrustee | 50 | $78,343 |
Emma Jones Director | Trustee | 1 | $0 |
Kennard Ray Director | Trustee | 1 | $0 |
James Jeter Director | Trustee | 1 | $0 |
Brett Davidson Former President | 1 | $12,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $442,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $520,352 |
| Total Program Service Revenue | $0 |
| Investment income | $465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $520,817 |
| 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. | $168,424 |
| Compensation of current officers, directors, key employees. | $89,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,834 |
| Payroll taxes | $34,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $21,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,147 |
| Advertising and promotion | $12,146 |
| Office expenses | $8,424 |
| Information technology | $11,795 |
| Royalties | $0 |
| Occupancy | $14,804 |
| Travel | $1,649 |
| 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 | $0 |
| Insurance | $4,388 |
| All other expenses | $838 |
| Total functional expenses | $702,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $949,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $181,742 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $738,831 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,054 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $1,878,575 |
| Accounts payable and accrued expenses | $21,232 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $156,413 |
| Other liabilities | $0 |
| Total liabilities | $177,645 |
| Net assets without donor restrictions | $1,505,330 |
| Net assets with donor restrictions | $195,600 |
| 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 | $1,878,575 |