Colorstack
- Assets
- $627.0k
- Revenue
- $833.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Baldwin, NY
- Founding
- Data as of
- 06/2021
- EIN
- 85-1248712
Organization Overview
Colorstack is located in Baldwin, NY. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorstack is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO INCREASE THE RETENTION AND SUCCESS OF BLACK AND LATINX COLLEGE COMPUTER SCIENCE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORSTACK FAMILY: OUR COMMUNITY AT-LARGE WHICH CONSISTS OF 1100+ MEMBERS FROM OVER 300+ SCHOOLS. WE HOST THIS COMMUNITY ON SLACK, ORGANIZE MONTHLY EVENTS FOR THEM TO ATTEND CALLED FAM FRIDAYS, AND A YEARLY CAREER SUMMIT CALLED STACKED UP SUMMIT.
SPROUT: THIS PROGRAM IS DESIGNED TO INCREASE THE RETENTION OF BLACK AND LATINX COLLEGE STUDENTS IN COMPUTER SCIENCE. AFTER ROUGHLY 3 MONTHS OF CONTENT, CODING, AND COMMUNITY, PROGRAM PARTICIPANTS WALK AWAY WITH THE CONFIDENCE NEEDED TO GRADUATE WITH A DEGREE IN COMPUTER SCIENCE AND LAUNCH A CAREER IN ENGINEERING. THIS PROGRAM REACHES AROUND 100 STUDENTS EACH SEMESTER.
CAREER CAMP: THIS PROGRAM IS A MULTI-WEEK INTENSIVE EXPERIENCE DESIGNED TO EQUIP OUR LEAST PREPARED STUDENTS WITH THE KNOWLEDGE, RESOURCES, AND COMMUNITY THEY NEED TO CONQUER THE RECRUITING SEASON. THIS PROGRAM REACHES AROUND 150 STUDENTS EACH SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wahab Owolabi Treasurer | OfficerTrustee | 1 | $0 |
Emily Cunningham Secretary | OfficerTrustee | 1 | $0 |
Jehron Petty Chief Executive Officer | Officer | 40 | $0 |
Makinde Adeagbo Director | Trustee | 1 | $0 |
Kavita Bala Director | Trustee | 1 | $0 |
Raquel Romano Director | 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 | $823,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,848 |
| Total Program Service Revenue | $9,622 |
| Investment income | $0 |
| 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 | $833,470 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,429 |
| Payroll taxes | $8,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,347 |
| Fees for services: Accounting | $1,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,471 |
| Advertising and promotion | $14,346 |
| Office expenses | $12,084 |
| Information technology | $4,559 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,806 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $264,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,750 |
| 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 | $18,103 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $627,024 |
| Accounts payable and accrued expenses | $13,943 |
| Grants payable | $0 |
| Deferred revenue | $18,750 |
| 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 | $32,693 |
| Net assets without donor restrictions | $275,831 |
| Net assets with donor restrictions | $318,500 |
| 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 | $627,024 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Colorstack has recieved totaling $272,646.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $150,000 |
Impactassets Inc Bethesda, MD PURPOSE: COLORSTACK'S PROGRAMMATIC EFFORTS | $95,000 |
Cognizant Us Foundation Washington, DC PURPOSE: COMMUNITY BUILDING FOR BIPOC STUDENTS PURSUING COMPUTER SCIENCE EDUCATION | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |