Nonprofit · EIN 85-1924796
PSYCHES OF COLOR
Tax-exempt · LOS ANGELES, CA 90015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $234,566 | $163,967 | $70,599 | $280,367 | $209,768 | $70,599 |
| December 31, 2023 | 990-EZ | $115,579 | $18,231 | $97,348 | $115,587 | $2,965 | $112,622 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $234,566
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $73,626
- Salaries, compensation and benefits (total)
- $80,519
- Professional fundraising fees
- $0
- Accounting fees
- $4,655
- Occupancy
- $6,862
- Program services (functional)
- $163,967
Balance sheet and other
- Total assets, start of year
- $115,579
- Total assets, end of year
- $280,367
- Total liabilities, end of year
- $209,768
- Net assets, end of year
- $70,599
- Net assets with donor restrictions
- $70,599
- Gross receipts
- $234,566
- Employees
- 11
- Volunteers
- 31
- Year formed
- 2020
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jessica Flores | Community Outreach & Volunteer Services Coordinator Key employee | 10 | $14,467 |
| Dr Tierra T Ellis | Founder & President Trustee or director | 30 | $0 |
| Dr Sahran Hamit | Secretary Trustee or director | 10 | $0 |
| Dr Myisha Driver Woods | Treasurer Trustee or director | 3 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA FLORES | COMMUNITY OUTREACH COORDINATOR | 10 | $8,325 |
| DR TIERRA T ELLIS | FOUNDER PRESIDENT | 30 | $0 |
| AYANNA A JOHNSON | SECRETARY | 4 | $0 |
| DR MYISHA DRIVER-WOODS | TREASURER | 4 | $0 |
| LAMAR R ELLIS | BOARD MEMBER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1150 S OLIVE ST FL 10 # 126, LOS ANGELES, CA 90015-4279
- In care of
- % DR TIERRA T ELLIS
- Principal officer (990 for 2024)
- Psyches of Color, 1150 S Olive Street, Los Angeles, CA 90015
- Signed the 990
- Tierra Ellis, President
- Phone
- (323) 432-0389
- Website
- psychesofcolor.org
California records
California keeps its own records of charities and corporations. Search them by EIN 85-1924796 or by the name PSYCHES OF COLOR.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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).
Program accomplishments
- Exert Your Voice - This program provides a space for Black and Latinx adolescents and young adults to come express themselves through various forms of art such as music creation, journaling, drawing, storytelling, poetry, and many other forms of art. This program began Jan 2021 and has continued to evolve throughout the year. Youth leaders lead this youth driven program that also offers a mental health provider out of the abundance of caution during sessions for the youth in the program.Expenses $68,862
- Mentoring POC Healing Arts - This program provides mentoring to Black and Latinx adolescents and young adults (13-25) by providing them with guidance on personal, professional, and mental health goals and is an integration of mentoring, mental health, and art education.Expenses $51,061 · grants $136,536
- 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.Expenses $41,894 · grants $60,000
- Nurturing POC - We provide mental health support to parenting teens and young adultsExpenses $2,150 · grants $2,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1924796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $280,367
- Income (IRS master file)
- $234,566
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $234,566 | $163,967 | $280,367 | IRS |
| 990-EZ | December 2023 | $115,579 | $18,231 | $115,587 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1924796).
Questions about PSYCHES OF COLOR
- What is the EIN of PSYCHES OF COLOR?
- The employer identification number (EIN) of PSYCHES OF COLOR is 85-1924796.
- Is PSYCHES OF COLOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to PSYCHES OF COLOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PSYCHES OF COLOR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PSYCHES OF COLOR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PSYCHES OF COLOR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PSYCHES OF COLOR?
- The 990 for the year ended December 31, 2024 names Psyches of Color.
- Who are the officers and directors of PSYCHES OF COLOR?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $14,467 (Jessica Flores, Community Outreach & Volunteer Services Coordinator).
- How much revenue does PSYCHES OF COLOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $234,566, expenses of $163,967 and total assets of $280,367 at year end.
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