Overview
What is Of Color Inc?
Of Color Inc, located in Chicago, Illinois, is a nonprofit organization that focuses on empowering individuals across different racial backgrounds to achieve their economic and educational objectives. Through the Illinois Youth Investment Program, they offer comprehensive employment and apprenticeship opportunities for young adults aged 18 to 24. Their services encompass personal development, job training, mentoring, coaching, and supportive services, with a strong emphasis on executive functioning and self-regulation skill development. This holistic approach aims to improve planning, memory, and multi-tasking abilities, ultimately contributing to a conducive workforce environment. The organization has a team of 17 dedicated individuals working towards this mission.
Official website here: www.ofcolorinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Of Color Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management. With an Accountability & Finance score of 96 and a Culture & Community score of 100, the organization demonstrates excellent governance and a deep commitment to its mission. The organization boasts a fully independent board and maintains robust financial oversight, underscoring its commitment to transparency and integrity.
User feedback highlights the positive impact and quality of the organization's mission, with volunteers praising the effectiveness of its team. A review from Jonny Imerman of CLOZTALK emphasizes the partnership's value, noting the organization's great mission and dedicated team. This sentiment showcases the collaborative spirit and positive relationships fostered by Of Color Inc.
While the overall data is highly favorable, it is important to continually assess feedback and potential challenges that may arise in the future. However, the current metrics and user reviews indicate a strong organization that is effectively serving its community and maintaining high operational standards.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Of Color Inc legitimate?
Of Color Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Of Color Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,032
For more financial information, click here
Official website here: www.ofcolorinc.org
What is the mission statement of Of Color Inc?
Of Color Inc's mission is centered around empowering individuals of all racial backgrounds, aiding them in their pursuit of economic and educational advancements. Through their initiatives, they strive to provide young adults aged between 18 and 24 with comprehensive resources. This includes employment and apprenticeship programs that encompass personal development, job training, work-based learning, supportive services, mentoring, and coaching. The primary focus of these services is on enhancing executive functioning and self-regulation skills, enabling better planning, memory, and multi-tasking abilities in the youth.
Official website here: www.ofcolorinc.org
Who is the CEO of Of Color Inc?
Brenda Duncan is the Treasurer of Of Color Inc.
Official website here: www.ofcolorinc.org
What is the revenue of Of Color Inc?
Of Color Inc's revenue in 2022 was $1,205,065.
Official website here: www.ofcolorinc.org
Who are the executives of Of Color Inc and what are their salaries?
The average compensation at Of Color Inc during 2022 was $38,130. There are 17 employees at Of Color Inc.
Here are 10 key members and their salaries:
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Official website here: www.ofcolorinc.org
Where can I find the form 990 for Of Color Inc?
Of Color Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ofcolorinc.org
Learn more at the official website: www.ofcolorinc.org
Mission Statement of Of Color Inc
Of Color Inc, a mission-driven organization, strives to empower individuals of all backgrounds by enhancing their economic and educational aspirations. The nonprofit's primary goal is to provide resources and opportunities that enable individuals to set and achieve their personal goals in these areas.
To accomplish this mission, Of Color Inc offers various programs and services. One such initiative is the Illinois Youth Investment Program (IYIP). This program focuses on young adults between the ages of 18 and 24, offering them comprehensive employment and apprenticeship programs. IYIP's approach is holistic, encompassing personal development, job training, work-based learning, supportive services, mentoring, and coaching. The program places a significant emphasis on executive functioning and self-regulation skill development, helping its participants improve their planning, memory, and multi-tasking abilities.
In essence, Of Color Inc's mission is to foster an environment where individuals can grow, learn, and thrive, regardless of their ethnicity. Through its various programs and services, the organization works to equip individuals with the necessary tools and resources to achieve their economic and educational goals, ultimately leading to personal growth and empowerment.
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Impact
October, 2024
Of Color Inc significantly impacts the community by empowering young adults through targeted programs that enhance both economic and educational opportunities. Located in Chicago, the organization focuses on the Illinois Youth Investment Program, offering a holistic approach to workforce development. This initiative includes personal development, job training, work-based learning, and supportive services, all tailored for individuals aged 18-24.
By emphasizing executive functioning and self-regulation skills, Of Color Inc equips participants with essential capabilities for effective planning, memory retention, and multitasking. This not only prepares them for immediate employment but also fosters long-term career success. Through mentoring and coaching, the organization creates a nurturing environment that helps young adults develop confidence and resilience, ultimately contributing to their personal and professional growth.
This information is meant to be a general summary of Of Color Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15
- Gross Receipts: $1,205,065
Assets and Liabilities:
- Total Assets: $298,296
- Total Liabilities: $175,904
- Net Assets: $122,392
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Organization Details
Founding Year
2019
Phone
(773) 727-9027Principal Officer
Brenda Duncan
Main Address
2033 W 95th Street, Chicago, IL, 60643
Website
www.ofcolorinc.orgNTEE Category
Code: P40 - Human services
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