NonprofitsCommunitas America Inc

Community Improvement & Capacity Building

Communitas America Inc

NEW YORK, NY

Total revenue

$1.3M

Total expenses

$2.0M

Net assets

$778K

Grants received

$172K

2 grants

EIN

824888932

Tax year

2024

Mission

Communitas america, a 501(c)(3) nonprofit organization, is dedicated to building a community-driven entrepreneurial ecosystem that empowers small businesses and entrepreneurs advancing economic mobility in low-income communities, primarily across nyc. The organization invests in and supports entrepreneurs, changemakers, and grassroots leaders who are driving positive change in their communities. Its mission-driven programming includes an impact accelerator, co-working and incubator spaces, and other opportunities that foster economic mobility, innovation, and growth.

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue
Investment income$210
Other revenue$1K
Total revenue$1.3M

Expenses

Grants paid$124K
Salaries & benefits$859K
Fundraising$139K
Other expenses$1.0M
Total expenses$2.0M
Total assets$4.0M
Net assets$778K

People

6 listed

NameRoleCompensation

WILLIAM THOMAS

BOARD MEMBER

Board

1 hrs/wk

YOLANDA SEALEY-RUIZ

BOARD MEMBER

Board

1 hrs/wk

MALCOM GLENN

BOARD MEMBER

Board

1 hrs/wk

DOROTHY STUEHMKE

BOARD MEMBER

Board

1 hrs/wk

KYUNGSUN CHUNG-THROUGH 123124

BOARD CHAIR

Board

10 hrs/wk

SUNMOON JANG

EXECUTIVE DIRECTOR

Staff

$247K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$25K
DONATION TO ASSIST THE NONPROFIT
2024

Funded by

$172K from 2 funders · 2 grants · 2018–2024

Life Science Cares Inc

$25K · 1 grant · 2024

Details

EIN824888932
NTEE codeS20
Subsection03
Ruling date2019-02
Formed2018
Employees9
Volunteers0
COMMUNITAS AMERICA INC — Mission, Financials & Grants Received | Grantivo