To use innovation to create system change by catalyzing economic growth for black and latinx communities through women entrepreneurs.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 25 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $474K a year · 24% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$235K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$195K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-11% vs prior year
Spent
$1.7M
To programs
74%
Net assets
$217K
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$600K
FY2021$2.1M
FY2022$4.1M
FY2023$1.7M
FY2024$1.5M
Expenses
$1.7M
FY2024▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.0M
FY2022$3.2M
FY2023$4.0M
FY2024$1.7M
Net assets
$217K
FY2024▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$2.6M
FY2023$356K
FY2024$217K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.2M Management & general 18% · $295K Fundraising 8% · $130K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $235K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Programs
$121,372Pt VII · Sec A
Director of Partnership Activa
$100,830Pt VII · Sec A
$12,536Pt VII · Sec A
Board Emeritus
$0Pt VII · Sec A
Board Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Monica Valenzuela Cuyas’s $121K as Director of Programs is at the 45th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brittany Hale—$176,953———
Bobby Bryant$100,830$142,796———
Abimbola Ishola-Ayodeji—$129,220———
Danielle Jackson—$103,682$121,703$108,727—
Monica Valenzuela Cuyas$121,372————
Patricia Diaz—$104,374———
Kathryn Finney————$78,625
Leah Williams$12,536$41,263———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering Black and Latinx women entrepreneurs to drive economic growth and systemic change through innovation.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2024
01

Entrepreneurship

The Organization serves as a catalyst for women entrepreneurs, leading the development of programming that takes you from START to success. The Organization serves as a community resource on a global scale, offering training in startup methodologies, mentorship from both entrepreneurial and corporate leaders, access to funding through a…

$1.0Mprogram expense
02

Research

The Organization conducts research, the data from which contributes to a vibrant data-driven ecosystem that tracks, assesses and expands the current body of data and insights about Women of Color founders.

$117Kprogram expense
03

Thought Leadership

The Organization leads the global culture shift toward inclusive innovation through powerful, impactful and unmatched thinking on topics ranging from accessing untapped reservoirs of innovation to creating a women-centered workplace.

$114Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$8K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.2M
Managementcol C$295K
Fundraisingcol D$130K
Owns and owesPt X
$217K
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$412K
LiabilitiesLn 26$195K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$0
Investment incomeLn 3$8K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$321K
SavingsLn 2$47K
Cash and savings togetherLn 1–2$368K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$16K
Total assetsLn 16$412K
LiabilitiesLn 26$195K
Net assetsLn 32$217K
OperationsPt I, VI
EmployeesI 510
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$112K$368K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$548K$412K
LiabilitiesLn 26$192K$195K
Net assetsLn 32$356K$217K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$355K$355K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$13K$9K$1K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$423K$310K$36K$76K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$4K$141$4K$282
Payroll taxesLn 10$44K$32K$4K$8K
Management feesLn 11a$0
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$119K$119K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$431K$344K$43K$44K
Advertising and promotionLn 12$288$288
Office expensesLn 13$3K$3K$54
Information technologyLn 14$45K$45K
RoyaltiesLn 15$0
OccupancyLn 16$26K$26K
TravelLn 17$224$211$13
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$141K$141K
InterestLn 20$9K$9K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$8K$1K$7K
Total functional expensesLn 25$1.7M$1.2M$295K$130K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.7M−$139K$217K 990 PDF
FY2023 $1.7M$4.0M−$2.2M$356K 990 PDF
FY2022 $4.1M$3.2M$892K$2.6M 990 PDF
FY2021 $2.1M$2.0M$96K$1.7M 990 PDF
FY2020 $600K$1.6M−$969K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,526,855 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,705,212$1,519,208
I-9 Program service revenuePrior year $13,947$0
I-10 Investment incomePrior year $136$7,647
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,719,295$1,526,855
I-13 Grants and similar amounts paidPrior year $250,000$355,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,770,293$484,083
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,946,863$826,591
I-18 Total expensesPrior year $3,967,156$1,665,674
I-19 Revenue less expensesPrior year −$2,247,861−$138,819
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,526,855 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,519,208
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,519,208
VIII-3 Investment incomeExcluded from tax $7,647$7,647
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $7,647$1,526,855
Part IX · Statement of functional expenses $1,665,674 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $355,000$355,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $9,200 · Management $1,080 · Fundraising $2,256$12,536
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $310,056 · Management $36,399 · Fundraising $76,051$422,506
IX-8 Pension plan contributionsManagement $1,105$1,105
IX-9 Other employee benefitsPrograms $141 · Management $3,572 · Fundraising $282$3,995
IX-10 Payroll taxesPrograms $32,246 · Management $3,786 · Fundraising $7,909$43,941
IX-11a Management fees$0
IX-11b Legal feesManagement $20,276$20,276
IX-11c Accounting feesManagement $118,598$118,598
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $344,232 · Management $42,988 · Fundraising $43,927$431,147
IX-12 Advertising and promotionManagement $288$288
IX-13 Office expensesPrograms $2,656 · Management $54$2,710
IX-14 Information technologyPrograms $44,955$44,955
IX-15 Royalties$0
IX-16 OccupancyManagement $26,028$26,028
IX-17 TravelPrograms $211 · Management $13$224
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $141,041$141,041
IX-20 InterestManagement $9,426$9,426
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $23,891$23,891
IX-24 Other expenses (24a–d)Programs $1,000 · Management $7,007$8,007
IX-25 Total functional expensesPrograms $1,240,738 · Management $294,511 · Fundraising $130,425$1,665,674
Part X · Balance sheet $411,551 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $111,846$320,901
X-2 Savings and temporary cash investmentsStart of year $39$46,927
X-3 Pledges and grants receivableStart of year $200,000$10,000
X-4 Accounts receivableStart of year $169,731$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $17,458$10,076
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $7,500$7,500
X-15 Other assetsStart of year $41,324$16,147
X-16 Total assetsStart of year $547,898$411,551
X-17 Accounts payable and accrued expensesStart of year $154,255$181,904
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $38,070$12,893
X-26 Total liabilitiesStart of year $192,325$194,797
X-27 Net assets without donor restrictionsStart of year $140,573$163,287
X-28 Net assets with donor restrictionsStart of year $215,000$53,467
X-32 Total net assets or fund balancesStart of year $355,573$216,754
X-33 Total liabilities and net assetsStart of year $547,898$411,551
Part XI · Reconciliation of net assets $216,754 net assets at year end
XI-1 Total revenue$1,526,855
XI-2 Total expenses$1,665,674
XI-3 Revenue less expenses−$138,819
XI-4 Net assets at start of year$355,573
XI-10 Net assets at end of year$216,754

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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