Communitas America Inc
- Assets
- $4.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-4888932
Organization Overview
Communitas America Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Communitas America Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communitas America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Communitas America Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Communitas America Inc has awarded 25 individual grants totaling $296,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS INVESTING IN AND EMPOWERING LOCAL CHANGEMAKERS, SOCIAL ENTREPRENEURS AND GRASS-ROOT LEADERS TO ENACT POSITIVE CHANGES THROUGH SOCIAL INNOVATION, LEADERSHIP DEVELOPMENT AND CREATION OF AN IMPACT ECOSYSTEM WITHIN THEIR OWN COMMUNITIES. THE ORGANIZATION IS PROVIDING IMPACT PROGRAMMING SUCH AS CO-LIVING RESIDENCES, CO-WORKING SPACES, A SOCIAL IMPACT ACCELERATOR AND OTHER ENTREPRENEURIAL LEARNING OPPORTUNITIES FOR LOCAL CHANGEMAKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A SOCIAL IMPACT FIRM AND WAS ORGANIZED TO SUPPORT INDIVIDUALS AND BUSINESSES TACKLING SOCIAL AND ECONOMIC ISSUES. THE ORGANIZATION BUILDS SUSTAINABLE COMMUNITIES BY SUPPORTING LOCAL CHANGEMAKERS WHO CREATE INNOVATIVE SOLUTIONS TO SOLVE SOCIAL PROBLEMS IN UNDER-RESOURCED COMMUNITIES IN THE TRI-STATE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Thomas Board Member | Trustee | 1 | $0 |
Yolanda Sealey-Ruiz Board Member | Trustee | 1 | $0 |
Malcom Glenn Board Member | Trustee | 1 | $0 |
Dorothy Stuehmke Board Member | Trustee | 1 | $0 |
Kyungsun Chung Board Chair | Officer | 10 | $0 |
Sunmoon Jang Executive Director | 40 | $234,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,707,037 |
| Noncash contributions included in lines 1a–1f | $156,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,832,037 |
| Total Program Service Revenue | $0 |
| Investment income | $647 |
| 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 | $1,834,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,417 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,809 |
| Payroll taxes | $98,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,040 |
| Fees for services: Accounting | $30,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,940 |
| Advertising and promotion | $593 |
| Office expenses | $3,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $292,877 |
| Travel | $16,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,367 |
| All other expenses | $6,287 |
| Total functional expenses | $1,490,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $994,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,587,744 |
| Total assets | $4,639,040 |
| Accounts payable and accrued expenses | $19,400 |
| 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 | $125,000 |
| Other liabilities | $2,839,990 |
| Total liabilities | $2,984,390 |
| Net assets without donor restrictions | $1,654,650 |
| 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 | $4,639,040 |
Grants Awarded
Over the last fiscal year, Communitas America Inc has awarded $66,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK TO BUSINESS LLC PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $5,000 |
BRONX IS READING LLC PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $10,000 |
INTERNATIONAL SALSA MUSEUM CORP PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $10,000 |
KERATIN NAILS LLC PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $5,000 |
LOC'D AND LIT CORP PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $5,000 |
GLOBALIZING GENDER DBA DOTZ PURPOSE: GRANT TO WINNER FROM COMMUNITAS VENTURES PROGRAM | $5,000 |