Psyches of Color
Nonprofit profile at a glance
- EIN
- 851924796
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Los Angeles, CA, USA
- Phone
- 3234320389
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $234,566
- Expenses
- $163,967
- Assets
- $280,367
- Liabilities
- $209,768
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Dr Tierra T Ellis (Founder & President)
Highest reported compensation
- Jessica Flores (Community Outreach & Volunteer Services Coordinator): $14,467 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable, Educational, Scientific Purposes: Tax-Exempt Purposes. (a) To promote, encourage, and advance education; (b) To provide grants, scholarships, engagement or support to, or for the benefit of, distressed, underprivileged, underrepresented and underserved youth and communities; (c) To eliminate prejudice and discrimination and combat community deterioration and juvenile delinquency; and (d) To conduct any and all lawful activities which may be necessary, desirable or useful in accomplishing the foregoing purposes, either alone or together with other organizations and individuals having similar purposes, subject to the restrictions and limitations in the Psyches of Color, Inc. Articles of Incorporation and the provisions of the Nonprofit Public Benefit Corporation Law of the State of California (NPBCL).
What it reported doing in 2024
The Black Equity Collective Grants mission is to join funders and communities in strengthening the long-term sustainability of Black-led and Black empowering programs in Southern California. Specifically, we received a planning grant to support our new workforce development program as well as funding support for capacity building efforts for the nonprofit organization services. Lastly, it supported our Penpal POC program, Family Support program, and Nurturing POC Program for materials needed for workshop facilitation. The Penpal POC program provides mental health support to youth who have been impacted by systems (e.g., foster, carceral, schools). The Family Support program provides mental health support to families of our Black and Latinx youth. the Nurturing POC program provides mental health support to parenting teens and young adults.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 21
- Sustainability: 59
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 30.1%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.71; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 8.8%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 84.6% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 87.5% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $164K in reported program spending
- Leadership: top reported pay $14K · 4 people listed
- Consistency: 40 of 40 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.