DONORS OF COLOR NETWORK INC

EIN: 811676971 501(c)(3) Philanthropy & Grantmaking

BEAVERTON, OR

Total Revenue
$948,892
Total Expenses
$3,094,226
Total Assets
$5,167,118
Net Assets
$4,957,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
ISABELLE LEIGHTON
Phone
5106904794
Tax Period
2023-01-01 to 2023-12-31

DONORS OF COLOR NETWORK INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $949K in total revenue in fiscal year 2023. Expenses of $3.1M exceeded revenue, resulting in a 226% operating deficit.

Mission

DONORS OF COLOR NETWORK, INC. DOCN, FORMERLY KNOWN AS FACES OF GIVING, INC., 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.

Program Service Accomplishments

Program 1
Expenses: $1,699,129

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $968,401
Program Service Revenue $0
Investment Income $76,604
Other Revenue $-96,113
TOTAL REVENUE $948,892

Expense Breakdown

Grants Paid $334,438
Salaries & Benefits $1,388,651
Fundraising Expenses $625,938
Program Expenses $1,699,129
Other Expenses $1,371,137
TOTAL EXPENSES $3,094,226

Year-over-Year Comparison

2023 2022 Change
Revenue $948,892 $882,018 +0.1%
Expenses $3,094,226 $2,417,376 +0.3%
Net Income $-2,145,334 $-1,535,358 +0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
11
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$434,666
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISABELLE LEIGHTON EXECUTIVE DIRECTOR 040.00
Officer
$289,525 $0 $289,525
LATISHA WILKINS CHIEF OF STAFF 040.00
Officer
$145,141 $0 $145,141
JENNIFER SARDUY COMMUNICATIONS DIRECTOR 040.00
Highest
$118,817 $0 $118,817
DOLORES GRAY MEMBERSHIP DIRECTOR 040.00
Highest
$117,381 $0 $117,381
KATHLEEN TAIT CHAIR 003.00
Officer Director
$0 $0 $0
LOLA C WEST CO-CHAIR OF FUNDRAISING COMMITTEE 000.25
Director
$0 $0 $0
IARA PENG CO-CHAIR OF FUNDRAISING COMMITTEE 000.25
Director
$0 $0 $0
JEANNIE PARK GOVERNANCE COMMITTEE CHAIR 000.25
Director
$0 $0 $0
COURTNEY BASS-SHERIZEN EXECUTIVE COMMITTEE 000.25
Director
$0 $0 $0
THEO YANG COPLEY FINANCE COMMITTEE 000.25
Director
$0 $0 $0
ARMANDO CASTELLANO GOVERNANCE COMMITTEE 000.25
Director
$0 $0 $0
LEENA BARAKAT SECRETARY 000.25
Officer Director
$0 $0 $0
KASHIF SHAIKH FUNDRAISING COMMITTEE 000.25
Director
$0 $0 $0
GREG GUNN CHAIR FINANCE COMMITTEE 000.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $948,892 $3,094,226 $5,167,118 $-2,145,334
2022 $882,018 $2,417,376 $7,236,164 $-1,535,358
2021 $11,449,203 $2,948,773 $9,312,843 $8,500,430
2020 $928,724 $1,454,615 $674,889 $-525,891
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