Colorstack EIN 85-1248712

Colorstack FY2021 filing

EIN  85-1248712 Public charity (501(c)(3)) Freeport, NY 1 follower
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Helps Black and Latinx college computer science students stay in school and succeed.
Leadership
Emily Cunningham · Secretary
Money in and out
$833K revenue, $264K expenses
Bottom line
77% program efficiency

Helps Black and Latinx college computer science students stay in school and succeed. For fiscal year 2021 it reported $833K in revenue, $264K in expenses, and $594K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$264K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $569K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.18 Fundraising $0.06
Program efficiency
77%
of spending reaches programs
Operating runway
19.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+68%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$833K
FY2021
Expenses
$264K
FY2021
Total assets
$627K
FY2021
Total liabilities
$33K
FY2021
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$264K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$569K
Total assetsPt X · Ln 16$627K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $202K of program spending, described in the organization's own filed words · FY2020.
01

Colorstack Family

Our community at-large which consists of 1100+ members from over 300+ schools. We host this community on slack, organize monthly events for them to attend called fam fridays, and a yearly career summit called stacked up summit.

$150Kprogram expense
02

Sprout

This program is designed to increase the retention of black and latinx college students in computer science. After roughly 3 months of content, coding, and community, program participants walk away with the confidence needed to graduate with a degree in computer science and launch a career in engineering.

$49Kprogram expense
03

Career Camp

This program is a multi-week intensive experience designed to equip our least prepared students with the knowledge, resources, and community they need to conquer the recruiting season. This program reaches around 150 students each summer.

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColorstack
EINHdr · item D85-1248712
Principal addressHdr · item CFreeport, NY
WebsiteHdr · item Jwww.colorstack.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A

Jehron Petty’s $185K as Chief Executive Officer is at the 61st percentile of top reported officer pay among 2834 $1–10M community 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Jehron Petty$185,000$185,000$162,180$29,469
Rami Abdou$158,278$123,295
Stephanie Mccarter-Dadzie$124,229

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$824K · 99%
Program service revenue$10K · 1%
Contributions & grants99%$824K
Program service revenue1%$10K
Total revenueLn 12$833K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.18 Fundraising $0.06
Program services77%$202K
Management & general18%$46K
Fundraising6%$16K
Total functional expensesLn 25$264K

Balance Sheet

Part X · end of year
CashLn 1$430K
Total assetsLn 16$627K
Total liabilitiesLn 26$33K
Total net assetsLn 32$594K
Months of cash on handcomputed19.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $430K · Operating expenses/yr $264K
19.5 months
Where the money goes
Program services
Program services $202K · Total expenses $264K
77%
Management & General
Management & general $46K · Total expenses $264K
18%
Fundraising
Fundraising $16K · Total expenses $264K
6%
Cost to raise $1
Fundraising expense $16K · Solicited contributions $824K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $824K · Total revenue $833K
99%
Government reliance
Government grants — · Total revenue $833K
Earned-income share
Program service revenue $10K · Total revenue $833K
1%
Investment reliance
Investment income $0 · Total revenue $833K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $264K
4%
Growth & trend
Revenue growth (YoY)
This year $833K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $594K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $833K · Expenses $264K
+68%
Liabilities-to-Assets
Total liabilities — · Total assets $627K
Net-asset ratio
Net assets $594K · Total assets $627K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $627K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Cunningham · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $264K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $264K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 18%
Fundraising cost ratio 2%
Legal fee ratio 4%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 9 grants · $726K · 2021–2024
Unitemized GrantFY2024$251,037
Unitemized GrantFY2024$46,455
Colorstack at Ohio StateOH · FY2024$10,488
Unitemized GrantFY2023$208,286
Unitemized GrantFY2023$76,657
Headstart Fellowship INCTX · FY2023$7,500
Be All YouFY2022$40,000
Unitemized GrantFY2022$32,854
Unitemized GrantFY2021$52,550

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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
FY2025 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$2.2M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$833K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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