Zoras House Inc
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Columbus, OH
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 84-2107847
Organization Overview
Zoras House Inc is located in Columbus, OH. The organization was established in 2019. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Zoras House Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zoras House 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, Zoras House Inc generated $1.7m in total revenue. All expenses for the organization totaled $682.8k during the year ending 12/2022. While expenses have increased by 86.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
ZORA'S HOUSE IS THE ONLY COWORKING SPACE AND LEADERSHIP INCUBATOR IN THE STATE OF OHIO CREATED BY AND FOR WOMEN OF COLOR (WOC). OUR MISSION IS TO CREATE A SAFE SPACE FOR WOC TO ESTABLISH MEANINGFUL, SUPPORTIVE RELATIONSHIPS WITH OTHER WOMEN IN THEIR COMMUNITY; DEVELOP A DEEPER PRACTICE OF SELF-CARE, RESILIENCY, AND EMOTIONAL INTELLIGENCE; AND SUCCESSFULLY INCUBATE THEIR CREATIVITY, SCHOLARSHIP, ENTREPRENEURSHIP, ACTIVISM, SERVICE, AND LEADERSHIP. SINCE BEING FOUNDED IN 2018, ZORA'S HOUSE HAS HELPED OVER 3,000 WOMEN OF COLOR: INCUBATE THEIR BUSINESSES, SCHOLARSHIP, CREATIVITY, AND ACTIVISM; ACTIVATE THEIR LEADERSHIP IN THEIR FAMILIES, COMMUNITIES, AND WORKPLACES; BUILD DEEPER SUPPORT NETWORKS AND CONNECT WITH MENTAL HEALTH RESOURCES; NAVIGATE JOB LOSSES AND OTHER COVID- 19 RELATED TRANSITIONS; AND GAIN FINANCIAL EMPOWERMENT AND CONFIDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT: ZORA'S HOUSE BUILDS STRONGER SUPPORT NETWORKS, FOSTERS GREATER EMOTIONAL RESILIENCY, AND OFFERS INNOVATIVE PROGRAMS AND RESOURCES TO CONNECT WOMEN OF COLOR TO MEANINGFUL CAREER AND LEADERSHIP PATHWAYS. THROUGH PROGRAMS LIKE OUR AMBASSADORSHIP LEADERSHIP PROGRAM, SUNDAY DINNER SERIES, AND WOC WEALTH BUILDERS PROGRAM, THESE ZORA'S HOUSE PLAYS AN IMPORTANT ROLE IN CONNECTING WOC TO THE OPPORTUNITIES, MENTORSHIP, TECHNICAL ASSISTANCE, AND RESOURCES THEY NEED TO THRIVE NOW AND IN THE FUTURE.
ECONOMIC EMPOWERMENT: IN 2021 ZORA'S HOUSE INCUBATED OVER 30 WOC OWNED BUSINESSES, DIRECTLY ADDRESSING THE NEEDS OF MANY WOMEN WHO STARTED BUSINESSES AS A RESULT OF INCOME LOSS OR INSTABILITY DUE TO COVID. ADDITIONALLY, ZORA'S HOUSE HAS FACILITATED 266,697 OF DIRECT ECONOMIC IMPACT IN NEW JOBS, PROMOTIONS, CONTRACTS, AND FUNDING FOR OUR MEMBERS; AND OUR WOMEN OF COLOR OWNED MARKETS SUPPORTED OVER FORTY WOC ARTISANS AND ENTREPRENEURS, GENERATING 25,000 IN 2022 AND OVER 125,000 SINCE INCEPTION. THIS TOTAL DID NOT INCLUDE 10,000 OF FISCAL SPONSORSHIPS THAT WERE PASSTHROUGH MONEYS RAN THROUGH THE BALANCE SHEET.
RACIAL EQUITY: ZORA'S HOUSE - THE FIRST AND ONLY COMMUNITY SPACE AND LEADERSHIP INCUBATOR IN OHIO CREATED BY AND FOR WOMEN OF COLOR AND NON- BINARY PEOPLE OF COLOR - WORKS TO DISMANTLE BARRIERS OF SYSTEMIC RACISM AND SEXISM, AND TO ENSURE THE FULL PARTICIPATION OF WOC IN THE CIVIC, ECONOMIC, AND CULTURAL LIFE OF FRANKLIN COUNTY. ADDITIONALLY, WE SERVE AS AN INCLUSIVE LEARNING SPACE FOR THE LARGER COMMUNITY ON ISSUES OF RACE, POLITICS, ECONOMICS, ARTS, AND CULTURE, AS THEY RELATE TO THE IDENTITIES AND EXPERIENCES OF WOMEN OF COLOR. IN 2020 AND 2021 OUR VIRTUAL BLACK FEMINIST NIGHT SCHOOL REACHED OVER 2000 WOC AND ALLIES AND OUR WOC EQUITY DESIGN INSTITUTE RECEIVED A 1.5M INVESTMENT FROM JPMORGAN CHASE AND TRAINED 60 EQUITY DESIGN PRACTITIONERS IN OUR COMMUNITY IN ITS FIRST YEAR. THIS TOTAL DID NOT INCLUDE 550,000 OF PASSTHROUGH MONEYS THAT RAN THROUGH THE BALANCE SHEET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Johnson CEO | Officer | 40 | $83,693 |
Jennifer Walton Board Chair | OfficerTrustee | 1 | $0 |
Ashley Ingram Board Treasu | OfficerTrustee | 1 | $0 |
Tyiesha Radford Shorts Board Member | Trustee | 1 | $0 |
Christina Ratleff Board Member | Trustee | 1 | $0 |
Lily Morales-Laster Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,655,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,129 |
| Total Program Service Revenue | $15,984 |
| Investment income | $59 |
| 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 | $1,671,172 |
| 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. | $83,693 |
| Compensation of current officers, directors, key employees. | $36,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,143 |
| Payroll taxes | $31,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $2,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,623 |
| Advertising and promotion | $4,476 |
| Office expenses | $18,422 |
| Information technology | $19,077 |
| Royalties | $0 |
| Occupancy | $34,299 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,313 |
| Insurance | $9,849 |
| All other expenses | $0 |
| Total functional expenses | $682,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,667 |
| 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 | $0 |
| Net Land, buildings, and equipment | $169,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,791,140 |
| Accounts payable and accrued expenses | $20,493 |
| Grants payable | $0 |
| Deferred revenue | $375,000 |
| 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 | $0 |
| Total liabilities | $395,493 |
| Net assets without donor restrictions | $966,143 |
| Net assets with donor restrictions | $429,504 |
| 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 | $1,791,140 |