Of Color Inc
- Assets
- $298.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Chicago, IL
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 36-4840123
Organization Overview
Of Color Inc is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Of Color Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of Color Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OF COLOR'S MISSION IS TO HELP PEOPLE OF ALL COLORS ENHANCE THEIR OWN ECONOMIC AND EDUCATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS YOUTH INVESTMENT PROGRAM PROVIDES TARGETED LONG-TERM EMPLOYMENT AND YOUTH APPRENTICESHIP PROGRAMS. ITS SERVICES DELIVER A HOLISTIC APPROACH TO THE WORKFORCE ENVIRONMENT INCLUDING PERSONAL DEVELOPMENT, JOB TRAINING, WORK-BASED LEARNING, SUPPORTIVE SERVICES, MENTORING, AND COACHING SERVICES TO YOUNG ADULTS AGES 18-24. IYIP FOCUSES ON EXECUTIVE FUNCTIONING AND SELF-REGULATION SKILL DEVELOPMENT TO ENABLE PLANNING, MEMORY, AND MULTI-TASKING CAPABILITIES OF ITS YOUTH.
HOMELESS VETERAN'S REINTEGRATION PROGRAM (HVRP) PROVIDES EMPLOYMENT, TRAINING, AND HOUSING LINKAGE SERVICES FOR HOMELESS VETERAN POPULATIONS IDENTIFIED AS YOUNG ADULTS, WOMEN WITH CHILDREN, CHRONIC HOMELESS AND RECENTLY INCARCERATED. HVRP SERVES URBAN COMMUNITIES ON THE SOUTH AND WEST SIDE OF CHICAGO WHOSE COMMUNITIES RANGE FROM 20% - 50% BELOW POVERTY LEVELS AND EXPERIENCE 30% - 52% UNEMPLOYMENT RATES.
THE RAPID RE-HOUSING (RRH) PROGRAM IS A SHORT-TERM (MAXIMUM 12 MONTHS, WITH THE POSSIBILITY OF EXTENDING FOR AN ADDITIONAL 12 MONTHS) RENTAL SUBSIDY PROGRAM. IT WAS DESIGNED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO SERVE HOMELESS FAMILIES THROUGHOUT THE CITY OF CHICAGO. OF COLOR INC. SERVES SIXTY FAMILIES IN HELPING THEM TO SECURE STABLE HOUSING TO AVOID HOMELESSNESS IN THE FUTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renita White Executive Dir. | Officer | 40 | $89,182 |
Brenda Duncan Treasurer | Trustee | 2 | $0 |
Melina Higbee Chairman | Trustee | 2 | $0 |
Camilla Johnson Secretary | Trustee | 2 | $0 |
Sandra Moss Director | Trustee | 1 | $0 |
Tiffany Perkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,100,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,050 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $1,205,065 |
| 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. | $89,182 |
| Compensation of current officers, directors, key employees. | $60,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $559,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,413 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,842 |
| Advertising and promotion | $0 |
| Office expenses | $11,248 |
| Information technology | $14,564 |
| Royalties | $0 |
| Occupancy | $57,211 |
| Travel | $7,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,122 |
| All other expenses | $4,480 |
| Total functional expenses | $1,190,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,227 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,340 |
| Total assets | $298,296 |
| Accounts payable and accrued expenses | $89,905 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $85,999 |
| Total liabilities | $175,904 |
| Net assets without donor restrictions | $122,392 |
| Net assets with donor restrictions | $0 |
| 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 | $298,296 |