Colors Plus EIN 82-4726625

Colors Plus FY2023 filing

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Supports LGBTQ+ youth and their families with mental, emotional, and social wellness services. For fiscal year 2023 it reported $412K in revenue, $319K in expenses, and $317K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Westlake, OH
Website
www.colorsplus.org
Filings
4 on file (2021–2023)
Revenue
$412KFY2023
Expenses
$319K
Net assets
$317K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-4726625 Public charity (501(c)(3)) Westlake, OH
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports LGBTQ+ youth and their families with mental, emotional, and social wellness services.
Leadership
Kristin Pepera · Executive Director · $39K
Money in and out
$412K revenue, $319K expenses
Bottom line
78% program efficiency
Where the money goes · FY2023
Total revenue
$412K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.20 Fundraising $0.03
Program efficiency
78%
of spending reaches programs
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$412K
FY2023▲ +25%
Expenses
$319K
FY2023▲ +80%
Total assets
$317K
FY2023▲ +34%
Total liabilities
$0
FY2023▼ -100%
Total revenue
$412K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $247K of program spending, described in the organization's own filed words · FY2023.
01

Connections Drop-In

77 youth served. Connections is our foundational program, built to honor the pressing need for peer support among LGBTQ+ youth. Connections is a drop-in program, hosted on weekday afternoons as an open space so that youth can attend after school and while maintaining other school and social activities.

$247Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColors Plus
EINHdr · item D82-4726625
Principal addressHdr · item CWestlake, OH
WebsiteHdr · item Jwww.colorsplus.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$38,750Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Colleen Cronin’s $43K as President is at the 33rd percentile of top reported officer pay among 1984 $100K–1M 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022
Colleen Cronin$43,125
Lisa Pepera$40,032
Kristen Pepera$40,032
Kristin Pepera$25,317$38,750
Melissa Toms$11,235

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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Statement of Revenue

Part VIII
Contributions & grants$337K · 82%
Program service revenue$63K · 15%
Other revenue$13K · 3%
Contributions & grants82%$337K
Program service revenue15%$63K
Other revenue3%$13K
Total revenueLn 12$412K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.20 Fundraising $0.03
Program services78%$247K
Management & general20%$62K
Fundraising3%$9K
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$310K
Total assetsLn 16$317K
Total liabilitiesLn 26$0
Total net assetsLn 32$317K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $310K · Operating expenses/yr $319K
11.7 months
Where the money goes
Program services
Program services $247K · Total expenses $319K
78%
Management & General
Management & general $62K · Total expenses $319K
20%
Fundraising
Fundraising $9K · Total expenses $319K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $275K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $337K · Total revenue $412K
82%
Government reliance
Government grants — · Total revenue $412K
Earned-income share
Program service revenue $63K · Total revenue $412K
15%
Investment reliance
Investment income $0 · Total revenue $412K
0%
Program self-sufficiency
Program service revenue $63K · Total expenses $319K
20%
Growth & trend
Revenue growth (YoY)
This year $412K · Prior year $329K
+25%
Net-asset trend (YoY)
End of year $317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $412K · Expenses $319K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $317K
Net-asset ratio
Net assets $317K · Total assets $317K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $317K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin Pepera · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $39K · Total expenses $319K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $124K · Total expenses $319K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 20%
Fundraising cost ratio 3%
Revenue growth 25%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$211K revenue · ⤓ 990 PDF
FY2023$412K revenue · viewing · ⤓ 990 PDF
FY2022$329K revenue · ⤓ 990 PDF
FY2021$146K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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