Overview
What is Colorwave Project Inc?
Colorwave Project Inc, based in Berkeley, California, is a nonprofit organization dedicated to empowering underrepresented professionals in the startup and high-growth business sector. Established with educational purposes, Colorwave provides an eight-week leadership program to educate, support, and train individuals from low-income backgrounds and first-generation families. The program aims to teach them how the startup industry functions, how to secure jobs within it, and how to achieve financial stability through employment or entrepreneurship. In 2022, Colorwave served over 165 new fellows, and currently, there are approximately 300 alumni who have completed the program across various cities in the U.S. and six countries. Colorwave also offers additional support for early-stage entrepreneurs, providing advisory, mentorship, and access to capital. The organization aims to continue growing its programs, with a focus on providing opportunities for meaningful tech careers and entrepreneurship, aiming to contribute to closing the racial wealth gap in the U.S. innovation economy.
Official website here: www.thecolorwave.org
Is Colorwave Project Inc legitimate?
Colorwave Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorwave Project 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: $111,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,333
For more financial information, click here
Official website here: www.thecolorwave.org
What is the mission statement of Colorwave Project Inc?
The Colorwave Project Inc, operating under the name Colorwave, is dedicated to serving underrepresented professionals in the startup and high-growth business sector. Their primary objective is to conduct an eight-week leadership program, designed to educate, support, and train these professionals, predominantly those of low income and first-generation backgrounds. The program aims to provide them with a comprehensive understanding of America's startup and high-growth business sector, equipping them with the necessary skills to secure jobs within the industry and ultimately achieve financial stability through employment or entrepreneurship.
Official website here: www.thecolorwave.org
Who is the CEO of Colorwave Project Inc?
John Roussel is the Director Of Program/Community of Colorwave Project Inc.
Official website here: www.thecolorwave.org
What is the revenue of Colorwave Project Inc?
Colorwave Project Inc's revenue in 2022 was $600,205.
Official website here: www.thecolorwave.org
Who are the executives of Colorwave Project Inc and what are their salaries?
The average compensation at Colorwave Project Inc during 2022 was $78,750. There are 4 employees and 56 volunteers at Colorwave Project Inc.
Here are 10 key members and their salaries:
- Compensation: $125,000
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- Other: $12,915
- Compensation: $111,667
- Related: $0
- Other: $10,196
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- Other: $0
Official website here: www.thecolorwave.org
Where can I find the form 990 for Colorwave Project Inc?
Colorwave Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecolorwave.org
Learn more at the official website: www.thecolorwave.org
Mission Statement of Colorwave Project Inc
The Colorwave Project, Inc., an educational organization, is dedicated to empowering underrepresented professionals in the startup and high-growth business sector. Their primary mission is to lead an eight-week leadership program, aimed at educating, supporting, and training these professionals. The program is designed to equip them with knowledge about how the American startup and high-growth business sector functions. Furthermore, it guides them on how to secure jobs within the industry and achieve financial stability through employment or entrepreneurship. By doing so, Colorwave Project, Inc. aims to empower these professionals, primarily those who are low-income and first-generation, to make significant strides in their careers.
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Impact
July, 2024
The Colorwave Project, Inc. is making a significant impact by providing educational opportunities for underrepresented professionals in the startup and high-growth business sector. Through its eight-week leadership program, the organization is equipping individuals, primarily low income and first-generation professionals, with the knowledge and skills needed to succeed in America's innovation economy.
In 2022, Colorwave expanded its fellowship programming, serving over 165 new fellows and bringing the total number of program alumni to around 300 across multiple cities and countries. The organization also introduced new programs to support alumni who are early-stage entrepreneurs, with five alumni completing an intensive accelerator program offering mentorship, access to capital, and guidance from industry leaders.
By focusing on providing access to meaningful tech careers and entrepreneurship opportunities, Colorwave is actively working towards closing the racial wealth gap through education and empowerment. As the organization continues to grow and evolve its programs, its impact on the professional development and financial security of underrepresented individuals will only continue to grow.
This information is meant to be a general summary of Colorwave Project 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.
- Gross Receipts: $600,205
Assets and Liabilities:
- Total Assets: $83,939
- Total Liabilities: $8,305
- Net Assets: $75,634
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Organization Details
Founding Year
2021
Phone
(310) 710-4559Principal Officer
John Roussel
Main Address
2400C Bancroft Way, Berkeley, CA, 947041609
Website
www.thecolorwave.orgNTEE Category
Code: B90 - Education
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