Overview
What is Education Leaders Of Color Inc?
Education Leaders of Color Inc is a nonprofit organization situated in Los Angeles, California, with a mission to elevate the leadership, voices, and influence of individuals of color in the education sector. They strive to foster more inclusive efforts aimed at improving education. Through the Boulder Fund, the organization grants financial support to innovative and diverse leaders working to align with EDLOC's values and policy priorities. In 2022, EDLOC awarded $1 million in grants to its members, who are driving or expanding initiatives in line with EDLOC's values and policy platform. Apart from monetary assistance, EDLOC offers coaching and thought partnership to its grant recipients, leading organizations focused on enhancing life outcomes for children of color across the nation. With a staff of 10 individuals, EDLOC is dedicated to investing in and empowering leaders and organizations committed to demonstrating the impact of cross-sector approaches in education.
Official website here: www.edloc.org
What are the reviews and ratings of this charity?
**Education Leaders Of Color Inc**
**Charity Navigator Rating: 4 Stars (97%)**
Education Leaders Of Color Inc has achieved an impressive 4-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization received perfect scores in key areas such as board independence, financial oversight, and a well-structured conflict of interest policy. Their program expense ratio reflects a strong commitment to direct services, with 80.31% of expenditures allocated to program activities.
The organization's financial management practices are robust, as seen in their excellent fundraising efficiency and strong working capital position. The average salaries of key personnel appear competitive but may raise questions amongst some stakeholders about executive compensation in relation to nonprofit objectives.
Unfortunately, user reviews from GreatNonprofits are not available for this organization, limiting insights into the experiences of service recipients and volunteers. Overall, Education Leaders Of Color Inc demonstrates strong operational competencies, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Education Leaders Of Color Inc legitimate?
Education Leaders Of Color Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Leaders 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: $632,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $991,982
For more financial information, click here
Official website here: www.edloc.org
What is the mission statement of Education Leaders Of Color Inc?
Education Leaders of Color Inc, as a nonprofit membership organization, aims to elevate the leadership, voices, and influence of individuals of color in the education sector. Its mission is to break through the polarizing divides that have hindered efforts to improve public education, promoting more inclusive initiatives. The organization, through its Boulder Fund, supports entrepreneurial ventures led by innovative and diverse leaders who share EDLOC's values and policy priorities. By investing in these leaders and organizations, EDLOC seeks to advance cross-sector approaches, empowering value-aligned leaders of color to demonstrate the impact of their innovations in solving education's most pressing challenges. In 2022, EDLOC awarded $1 million in grants to its members spearheading or expanding initiatives aligned with their values and policy platform, offering additional support in the form of coaching and thought partnership to grant recipients.
Official website here: www.edloc.org
Who is the CEO of Education Leaders Of Color Inc?
Sharhonda Bossier is the CEO of Education Leaders Of Color Inc The CEO's salary of Education Leaders Of Color Inc is $328,836 and their total compensation is $385,347.
Official website here: www.edloc.org
What is the revenue of Education Leaders Of Color Inc?
Education Leaders Of Color Inc's revenue in 2023 was $3,001,846.
Official website here: www.edloc.org
Who are the executives of Education Leaders Of Color Inc and what are their salaries?
The average compensation at Education Leaders Of Color Inc during 2023 was $147,703. There are 11 employees and 1167 volunteers at Education Leaders Of Color Inc.
Here are 17 key members and their salaries (Education Leaders Of Color Inc's CEO's salary is $328,836 and their total compensation is $385,347):
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- Compensation: $328,836
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- Other: $56,511
- Compensation: $228,370
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- Other: $6,506
- Compensation: $118,314
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- Other: $17,232
Official website here: www.edloc.org
Where can I find the form 990 for Education Leaders Of Color Inc?
Education Leaders Of Color Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edloc.org
Learn more at the official website: www.edloc.org
Mission Statement of Education Leaders Of Color Inc
Education Leaders of Color Inc, a nonprofit organization, is committed to elevating the leadership, voices, and influence of individuals of color in the education sector. Their mission is twofold: firstly, to break through the polarizing divisions that have hindered efforts to improve public education, and secondly, to lead more inclusive initiatives aimed at enhancing education. By doing so, they aim to create a more equitable and inclusive education system.
In pursuit of this mission, Education Leaders of Color Inc provides grant support to innovative and diverse leaders working to advance values and policy priorities aligned with their mission. The Boulder Fund, an integral part of their strategy, supports these leaders by funding their ventures. By investing in these leaders and organizations, they aim to build a network of value-aligned leaders committed to demonstrating the impact of cross-sector approaches. In 2022, they awarded $1,000,000 in grants to EdLOC members spearheading or expanding innovations aligned with their values and policy platform. Beyond direct grant support, EdLOC also provides coaching and thought partnership to grantees, helping them navigate their endeavors. The grant recipients lead organizations focused on improving life outcomes for children of color across the nation.
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Impact
July, 2024
Education Leaders Of Color Inc has a significant impact on elevating the leadership, voices, and influence of people of color in the field of education. Through their Boulder Fund, the organization supports entrepreneurial ventures of innovative and diverse leaders working to advance EdLoC's values and policy priorities. The fund plays a crucial role in their strategy of advancing values-aligned leaders of color committed to demonstrating the impact of cross-sector approaches in education.
In 2022, EdLoC awarded $1,000,000 in grants to its members who are spearheading or expanding innovations aligned with their values and policy platform. These grants, each worth $100,000, support leaders and organizations dedicated to improving life outcomes for children of color across the country. In addition to financial support, EdLoC also provides coaching and thought partnership to grant recipients, fostering a network of leaders collectively working towards building generational wealth and breaking through polarizing divides in education.
This information is meant to be a general summary of Education Leaders 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 2023.
- Investment Income: $37,114
- Program Service Revenue: $384,351
- Gross Receipts: $3,215,156
Assets and Liabilities:
- Total Assets: $14,796,496
- Total Liabilities: $133,165
- Net Assets: $14,663,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENING REGISTRATION
Revenue
$360,213
JOB POSTING FEES
Revenue
$23,795
Organization Details
Founding Year
2016
Principal Officer
Sharhonda Bossier
Website
www.edloc.orgNTEE Category
Code: A19 - Arts
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