Education Leaders of Color Inc

Nonprofit profile at a glance

EIN
812253548
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
8314198415
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.*

Official website

Reported finances

Revenue
$5,773,935
Expenses
$5,120,294
Assets
$12,932,668
Liabilities
$235,896

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

Leadership & pay

16 people listed

Executive titles in this filing

  • SHARHONDA BOSSIER (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • HEATHER HARDING (EXECUTIVE IN RESIDENCE): $322,045 total reported compensation
  • SHARHONDA BOSSIER (CHIEF EXECUTIVE OFFICER): $303,927 total reported compensation
  • JESSICA RHAU (SENIOR DIR. STRATEGY & PROGRAMS): $242,957 total reported compensation

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

Overview

Mission

To catalyze the academic and economic advancement of young people of color by harnessing the power of our multi-racial, multi-sector, and values-aligned membership network.

What it reported doing in 2024

Network: edloc recruits and selects leaders of color in key decision-making roles to join our multiracial, multi-sector network, building collective power and expanding members' professional networks and social capital. Once members join, edloc offers year-round programming to strengthen leadership, foster belonging, and support members' impact across sectors. Our national convening, which consistently sells out and drew over 500 participants in 2024, remains a flagship experience. It brings members together to deepen knowledge of our policy platform, engage in peer learning, and align around shared values and priorities. The convening fills a critical gap in the field by creating space for values-aligned, diverse leaders in education and related fields. In addition, members participate in curated programming throughout the year, including book talk talks, regional gatherings member-led events and policy-focused forums that center the leadership and lived experience of people of color. These spaces grow and connect the membership, elevate shared values, build skills, bridge research and practice, and align on our goals and priorities.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.2%; rating input score 78
  • Program expense ratio: 86.7%; rating input score 87
  • Fundraising efficiency: $54.87 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.3%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 2.53; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 30.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 18% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 78.2% of revenue deployed · 86.7% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.4M in reported program spending
  • Leadership: top reported pay $322K · 16 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.4M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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 — Sustainability: Officer compensation ratio scored 5/100.