EDUCATION LEADERS OF COLOR INC

EIN: 812253548 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$5,773,935
Total Expenses
$5,120,294
Total Assets
$12,932,668
Net Assets
$12,696,772
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DC
Principal Officer
SHARHONDA BOSSIER
Phone
8314198415
Tax Period
2024-01-01 to 2024-12-31

EDUCATION LEADERS OF COLOR INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 11% surplus.

Mission

TO CATALYZE THE ACADEMIC AND ECONOMIC ADVANCEMENT OF YOUNG PEOPLE OF COLOR BY HARNESSING THE POWER OF OUR MULTI-RACIAL, MULTI-SECTOR, AND VALUES-ALIGNED MEMBERSHIP NETWORK.

Program Service Accomplishments

Program 1
Expenses: $2,090,101 Revenue: $702,272

NETWORK: EDLOC RECRUITS AND SELECTS LEADERS OF COLOR IN KEY DECISION-MAKING ROLES TO JOIN OUR MULTIRACIAL, MULTI-SECTOR NETWORK, BUILDING COLLECTIVE POWER AND EXPANDING MEMBERS' PROFESSIONAL NETWORKS...

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NETWORK: EDLOC RECRUITS AND SELECTS LEADERS OF COLOR IN KEY DECISION-MAKING ROLES TO JOIN OUR MULTIRACIAL, MULTI-SECTOR NETWORK, BUILDING COLLECTIVE POWER AND EXPANDING MEMBERS' PROFESSIONAL NETWORKS AND SOCIAL CAPITAL. ONCE MEMBERS JOIN, EDLOC OFFERS YEAR-ROUND PROGRAMMING TO STRENGTHEN LEADERSHIP, FOSTER BELONGING, AND SUPPORT MEMBERS' IMPACT ACROSS SECTORS. OUR NATIONAL CONVENING, WHICH CONSISTENTLY SELLS OUT AND DREW OVER 500 PARTICIPANTS IN 2024, REMAINS A FLAGSHIP EXPERIENCE. IT BRINGS MEMBERS TOGETHER TO DEEPEN KNOWLEDGE OF OUR POLICY PLATFORM, ENGAGE IN PEER LEARNING, AND ALIGN AROUND SHARED VALUES AND PRIORITIES. THE CONVENING FILLS A CRITICAL GAP IN THE FIELD BY CREATING SPACE FOR VALUES-ALIGNED, DIVERSE LEADERS IN EDUCATION AND RELATED FIELDS. IN ADDITION, MEMBERS PARTICIPATE IN CURATED PROGRAMMING THROUGHOUT THE YEAR, INCLUDING BOOK TALK TALKS, REGIONAL GATHERINGS MEMBER-LED EVENTS AND POLICY-FOCUSED FORUMS THAT CENTER THE LEADERSHIP AND LIVED EXPERIENCE OF PEOPLE OF COLOR. THESE SPACES GROW AND CONNECT THE MEMBERSHIP, ELEVATE SHARED VALUES, BUILD SKILLS, BRIDGE RESEARCH AND PRACTICE, AND ALIGN ON OUR GOALS AND PRIORITIES.

Program 2
Expenses: $1,785,801 Revenue: $23,250

IN 2024, EDLOC AWARDED $175,000 IN GRANTS TO CAMPAIGN FOR OUR SHARED FUTURE AND BECAME THE HOME OF THIS TIME-BOUND NATIONAL INITIATIVE, WHICH WORKS TO SHIFT THE PUBLIC NARRATIVE AND CENTER THE NEEDS...

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IN 2024, EDLOC AWARDED $175,000 IN GRANTS TO CAMPAIGN FOR OUR SHARED FUTURE AND BECAME THE HOME OF THIS TIME-BOUND NATIONAL INITIATIVE, WHICH WORKS TO SHIFT THE PUBLIC NARRATIVE AND CENTER THE NEEDS OF CHILDREN BY BUILDING GRASSROOTS SUPPORT TO STOP HARMFUL POLICIES LIKE BOOK BANS AND CURRICULUM CENSORSHIP. THE SOCIAL STUDIES ACCELERATOR IS AN ONGOING INITIATIVE THAT ADVANCES THE ADOPTION AND IMPLEMENTATION OF HIGH-QUALITY, CULTURALLY RESPONSIVE SOCIAL STUDIES CURRICULA IN SCHOOLS AND DISTRICTS NATIONWIDE. THROUGH A CONTINUED PARTNERSHIP WITH RECONSTRUCTIONUS, EDLOC HELPS EXPAND ACCESS TO CULTURALLY AFFIRMING COURSES AND LEARNING EXPERIENCES FOR STUDENTS FROM LOW-INCOME COMMUNITIES, ENSURING THEY SEE THEMSELVES REFLECTED IN WHAT AND HOW THEY LEARN.

Program 3
Expenses: $429,036

POLICY & ADVOCACY: EDLOC ACTIVATES THE COLLECTIVE VOICE OF ITS MEMBERS TO ADVANCE BOLD, EQUITY-DRIVEN POLICY SOLUTIONS. THROUGH REGIONAL NETWORKS AND AFFINITY GROUPS, EDLOC MEMBERS CONVENE TO...

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POLICY & ADVOCACY: EDLOC ACTIVATES THE COLLECTIVE VOICE OF ITS MEMBERS TO ADVANCE BOLD, EQUITY-DRIVEN POLICY SOLUTIONS. THROUGH REGIONAL NETWORKS AND AFFINITY GROUPS, EDLOC MEMBERS CONVENE TO STRATEGIZE AROUND ADVANCING POLICIES THAT PROTECT AND SUPPORT STUDENTS, FAMILIES, AND COMMUNITIES, WHILE BUILDING RELATIONSHIPS THAT STRENGTHEN CROSS-SECTOR, MULTIRACIAL COALITIONS. IN 2024, AS IN PREVIOUS YEARS, MEMBERS ENGAGE DIRECTLY WITH POLICYMAKERS DURING ADVOCACY DAY EVENTS IN WASHINGTON, D.C., AND IN THEIR HOME DISTRICTS TO ELEVATE PRIORITIES THAT REFLECT THE NEEDS OF THE COMMUNITIES THEY SERVE.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,770,092
Program Service Revenue $725,522
Investment Income $278,321
Other Revenue $0
TOTAL REVENUE $5,773,935

Expense Breakdown

Grants Paid $175,000
Salaries & Benefits $1,903,097
Fundraising Expenses $86,932
Program Expenses $4,441,508
Other Expenses $3,042,197
TOTAL EXPENSES $5,120,294

Year-over-Year Comparison

2024 2023 Change
Revenue $5,773,935 $3,001,846 +0.9%
Expenses $5,120,294 $6,001,822 -0.1%
Net Income $653,641 $-2,999,976 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
763

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
3
$303,927
Total Directors
9
$0
Key Employees
2
$532,183
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY GUTIERREZ CHAIR 2.00
Officer Director
$0 $0 $0
DERONDA WILLIAMS TREASURER 2.00
Officer Director
$0 $0 $0
SONYA ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
TOMMY CHANG DIRECTOR 2.00
Director
$0 $0 $0
DINAH CONSUEGRA DIRECTOR 2.00
Director
$0 $0 $0
RAQUEL DONOSO DIRECTOR 2.00
Director
$0 $0 $0
VINICE DAVIS DIRECTOR 2.00
Director
$0 $0 $0
ALMA MARQUEZ DIRECTOR 2.00
Director
$0 $0 $0
ANA PONCE DIRECTOR 2.00
Director
$0 $0 $0
SHARHONDA BOSSIER CHIEF EXECUTIVE OFFICER 40.00
Officer
$285,797 $18,130 $303,927
HEATHER HARDING EXECUTIVE IN RESIDENCE 40.00
Key Emp
$292,669 $29,376 $322,045
ANDREA FOGGY-PAXTON ENTREPRENEUR IN RESIDENCE 40.00
Key Emp
$200,138 $10,000 $210,138
ANGELICA SOLIS-MONTERO CHIEF POLICY OFFICER 40.00
Highest
$173,346 $40,306 $213,652
SARAH WINSHEL DIR. OF OPERATIONS & SPECIAL PROJECTS 40.00
Highest
$137,903 $4,807 $142,710
JESSICA RHAU SENIOR DIR. STRATEGY & PROGRAMS 40.00
Highest
$232,345 $10,612 $242,957
LESLEY MORENO NETWORK OPERATIONS 40.00
Highest
$119,350 $0 $119,350
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 $5,773,935 $5,120,294 $12,932,668 $653,641
2023 $3,001,846 $6,001,822 $12,290,325 $-2,999,976
2022 $7,018,957 $5,958,694 $14,796,496 $1,060,263
2021 $11,143,423 $3,232,183 $14,016,932 $7,911,240
2020 $5,172,182 $3,062,081 $6,387,727 $2,110,101
2019 $1,917,108 $2,536,877 $4,514,376 $-619,769
2018 $3,904,555 $2,426,151 $4,835,217 $1,478,404
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