NonprofitsColorstack

Community Improvement & Capacity Building

Colorstack

FREEPORT, NY

Total revenue

$1.3M

Total expenses

$1.9M

Net assets

$1.5M

Grants received

$3.3M

22 grants

EIN

851248712

Tax year

2023

Mission

Colorstack's mission is to increase the number of black and latinx computer science graduates that go on to launch rewarding technical careers.

Programs

2 programs

Family fund: this is the pool of resources we provide to our students, consisting of direct financial aid, scholarships for tuition, and access to skill-building platforms like algoexpert.

Expenses: $617KGrants: $229K

Events: this is our series of virtual events, including our monthly fam friday series and our bi-annual stacked up summit. Both series of events are designed to activate and engage our members by providing them opportunities to interact with recruiters as well as workshops built on the pillars of professional development, academic success, and community building.

Expenses: $113KGrants: $56K

Financials

FY 2023

Revenue

Contributions & grants$1.3M
Program service revenue
Investment income$70K
Other revenue$9K
Total revenue$1.3M

Expenses

Grants paid$302K
Salaries & benefits$821K
Fundraising$132K
Other expenses$740K
Total expenses$1.9M
Total assets$1.8M
Net assets$1.5M

People

7 listed

NameRoleCompensation

JEHRON PETTY

CHIEF EXECUTIVE OFFICER

Board

$185K

40 hrs/wk

MAKINDE ADEAGBO

DIRECTOR

Board

0.5 hrs/wk

EMILY CUNNINGHAM

SECRETARY (UNTIL 01/01/24)

Board

0.5 hrs/wk

RAQUEL ROMANO

SECRETARY (AS OF 01/01/24)

Board

0.5 hrs/wk

KAVITA BALA

DIRECTOR

Board

0.5 hrs/wk

WAHAB OWOLABI

TREASURER

Board

0.5 hrs/wk

RAMI ABDOU

HEAD OF ENGINEERING

Staff

$123K

40 hrs/wk

Grants received

Showing 22 of 22

FromAmountPurposeYear
$405K
General Support
2024
$403K
Community Development
2024
$8K
Headstart Fellowship
2024
$1.2M
Program Grant
2023
$194K
TO ADDRESS THE IMPACT OF SYSTEMIC INEQUALITY
2023
$50K
GENERAL SUPPORT
2023
$50K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$25K
TO ADDRESS THE IMPACT OF SYSTEMIC INEQUALITY
2023
$10K
PUBLIC, SOCIETAL BENEFIT
2023
$7K
TO FURTHER THEIR MISSION
2023
$150K
GENERAL SUPPORT
2022
$35K
PUBLIC, SOCIETAL BENEFIT
2022
$25K
GENERAL OPERATING SUPPORT
2022
$25K
GENERAL OPERATING SUPPORT
2022
$20K
GENERAL OPERATING SUPPORT
2022
$10K
TO ADDRESS THE IMPACT OF SYSTEMIC INEQUALITY
2022
$5K
For grant recipient's exempt purposes
2022
$50K
TO ADDRESS THE IMPACT OF SYSTEMIC INEQUALITY
2021
$450K
GENERAL SUPPORT
2020

Funded by

$3.3M from 13 funders · 22 grants · 2020–2024

NEO Philanthropy Inc

$1.2M · 1 grant · 2023

Someland Foundation

$600K · 2 grants · 2020–2022

Ffwd

$405K · 1 grant · 2024

Silicon Valley Community Foundation

$403K · 1 grant · 2024

The Concrete Rose Community Foundation

$279K · 4 grants · 2021–2023

American Online Giving Foundation Inc

$193K · 3 grants · 2021–2024

The Henderson Family Foundation

$100K · 3 grants · 2022–2023

Tides Foundation

$50K · 1 grant · 2023

Details

EIN851248712
NTEE codeS99
Subsection03
Ruling date2021-02
Formed2020
Employees9
Volunteers5
COLORSTACK — Mission, Financials & Grants Received | Grantivo