Collab Incorporated
- Assets
- $79.6k
- Revenue
- $258.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- Data as of
- 06/2022
- EIN
- 86-1737815
Organization Overview
Collab Incorporated is located in New Haven, CT. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collab Incorporated 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
TO PROVIDE ENTREPRENEURS WITH IMPACTFUL, RIGOROUS BUSINESS SUPPORT USING A COMPASSIONATE, FUNDAMENTALLY HEART-CENTERED APPROACH TO BUILD GOOD BUSINESSES, CREATE ECONOMIC POWER, AND SHAPE THEIR COMMUNITIES FOR THEMSELVES, AND THEIR FAMILIES. WE PRIORITIZE SERVING PEOPLE OF COLOR AND WOMEN WHO FACE PERSISTENT AND SIGNIFICANT BARRIERS TO ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCOLLAB IS AN ORGANIZATION THAT AIMS TO PROVIDE ENTREPRENEURS WITH IMPACTFUL, RIGOROUS BUSINESS SUPPORT USING A COMPASSIONATE, FUNDAMENTALLY HEART-CENTERED APPROACH SO THAT THEY CAN BUILD GOOD BUSINESSES, CREATE ECONOMIC POWER, AND SHAPE THEIR COMMUNITIES FOR THEMSELVES AND THEIR FAMILIES. WE PRIORITIZE SERVING PEOPLE OF COLOR AND WOMEN - PARTICULARLY BLACK AND LATINX ENTREPRENEURS - WHO FACE PERSISTENT AND SIGNIFICANT BARRIERS BECAUSE OF STRUCTURAL RACISM AND SEXISM. ENTREPRENEURSHIP IS A WAY TO CREATE ECONOMIC STABILITY FOR FAMILIES, AND ALSO FOR INDIVIDUALS TO HAVE AGENCY AND OWNERSHIP IN THEIR LIVES AND THEIR COMMUNITIES. OUR CORE BELIEF IS THAT ENTREPRENEURSHIP (WHICH WE DEFINE AS THE ACT OF TAKING A RISK ON BEHALF OF OUR COMMUNITY) SHOULD BE ACCESSIBLE TO EVERY SINGLE PERSON, NO MATTER WHERE THEY COME FROM. WE SEE OUR WORK AS BEING A PART OF A WIDER ECOSYSTEM OF ENTREPRENEURSHIP SUPPORT RESOURCES, FUNDING, AND PROGRAMS IN OUR COMMUNITY. OUR WORK WITHIN THAT ECOSYSTEM HAS 3 COMPONENTS: "TRUST & ACCESS: WE HAVE DEEP AND BROAD OUTREACH INFRASTRUCTURE TO REACH THE MOST ENTREPRENEURS. OUR PROGRAMS PROVIDE WRAPAROUND SERVICES LIKE CHILDCARE, TRANSPORTATION, AND INTERPRETATION TO MAKE SURE INDIVIDUALS CAN BE SUPPORTED AND SUCCESSFUL. "HIGH-TOUCH PROGRAMS: OUR PROGRAMS COMBINE HIGH-QUALITY BUSINESS EDUCATION WITH A HEART-BASED LEADERSHIP DEVELOPMENT CURRICULUM. "ECOSYSTEM PATHWAYS: WE TAKE AN ECOSYSTEM-LEVEL APPROACH TO ENSURE ENTREPRENEURS HAVE A SYSTEM OF ENDURING SUPPORT - INCLUDING A BROAD NETWORK OF MENTORS, PRO BONO PARTNERS, FUNDERS, AND OTHER PROGRAMS. "COMMUNITY & POWER: OUR ENTREPRENEURS ARE MORE POWERFUL WHEN THEY MOVE AND WORK TOGETHER. WE BRING OUR 100+ GRADUATES TOGETHER TO ACT AS A COALITION TO ADVOCATE FOR THEMSELVES AND OUR COMMUNITY'S COLLECTIVE GOOD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Leaks Executive Di | OfficerTrustee | 40 | $0 |
Leela Bhashyam Chair | OfficerTrustee | 1 | $0 |
Ginny Kozlowski Treasurer | OfficerTrustee | 2 | $0 |
Karla Lindquist Secretary | OfficerTrustee | 1 | $0 |
Sade Jean-Jacques Director | Trustee | 1 | $0 |
Anika Singh Lemar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,844 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $258,844 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,200 |
| Payroll taxes | $16,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,699 |
| Advertising and promotion | $818 |
| Office expenses | $2,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,201 |
| Travel | $42 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $186,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,176 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,395 |
| Other assets | $0 |
| Total assets | $79,571 |
| Accounts payable and accrued expenses | $11,216 |
| 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 | $0 |
| Total liabilities | $11,216 |
| Net assets without donor restrictions | $68,355 |
| 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 | $79,571 |