Colour Entertainment Inc

Nonprofit profile at a glance

EIN
472480134
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Tarzana, CA, USA
Rating confidence
Limited
Sector
Arts, Culture, and Humanities N.E.C.

Official website

Reported finances

Revenue
$26,204
Expenses
$57,061
Assets
$75,645

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Kelly Edwards (President)
  • Bruce Evans (Vice President)
  • Margie Moreno (Vice President)

People named in this filing

  • Kelly Edwards (President)
  • Bruce Evans (Vice President)
  • Rose Catherine Pinkney (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a professional organization that provides networking opportunity and educational experiences to create executives of color in the enterainment business.

What it reported doing in 2024

We executed two Leadership Programs: Advance and Ignite for the two levels of executives that needed this career development seminar. We honored Jamila Hunter and Samie Falvy at our Annual Women? s Brunch. We also continued our mentoring program with about 35 pairings between mentors and young mentees. A Backyard Taqueria event was a networking mixer during Latin American History Month where we partnered with several Latino organizations for a night of fun and connection. And finally, we did a big panel and mixer with our friends at Rideback Rise.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 26
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -117.8%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.33; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -39.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -24% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.