irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $490KSUMMITS & POWER FORUMS: -- CUP'S 6TH ANNUAL PIPELINE TO POWER SUMMIT - HOSTED BY WHITE & CASE - IN-PERSON, WEDNESDAY, MARCH 13TH, 2024 2PM - 8PM ET OVER 360 REGISTERED ALES RUDISAR, DIRECTOR, GLOBAL DIVERSITY & INCLUSION, WHITE & CASE; MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; HEDIEH FAKHRIYAZDI, CHIEF DIVERSITY OFFICER, WHITE & CASE; PAMELA EVERHART, HEAD OF REGIONAL PUBLIC AFFAIRS, INCLUSION AND IMPACT, FIDELITY INVESTMENTS; KAMALITA ABDOOL, MANAGING DIRECTOR, HEAD OF SECURITIES SERVICES AMERICAS AND GLOBAL CUSTODIAN COVERAGE, DEUTSCHE BANK; DALE FAVORS, MANAGING PARTNER, ADAPTIVE GROWTH LEADERSHIP; BREEN SULLIVAN, FOUNDER, THE FOURTH EFFECT; CAPTAIN ZEITA MERCHANT, SECTOR COMMANDER, CAPTAIN OF THE PORT, U.S. COAST GUARD SECTOR NEW YORK; KATHRYN BURDETT, AMERICAS HEAD OF DIVERSITY, EQUITY & INCLUSION, DEUTSCHE BANK; PATRICIA PACHECO DE BAEZ, MANAGING DIRECTOR, SENIOR PRIVATE BANK ADVISOR, BUSINESS DEVELOPMENT EXEC - DIVERSE SEGMENT, BANK OF AMERICA PRIVATE BANK; SEKOU KAALUND, HEAD OF BRANCH AND SMALL BUSINESS BANKING, U.S. BANK; SARAH SQUIERS, EXECUTIVE VICE PRESIDENT, CLIENT RELATIONSHIPS, TELEVISAUNIVISION; ARLENE ARIN HAHN, PARTNER, GLOBAL HEAD OF THE TECHNOLOGY PRACTICE, WHITE & CASE; ALITA T. WINGFIELD, MANAGING DIRECTOR, HEAD OF TALENT FOR LEGAL AND COMPLIANCE, MORGAN STANLEY; TYREEK MOORE, FOUNDING PARTNER OF UNIFIED STATE GROUP AND CEO, TJT CONSULTING SERVICES AND CULTUREVATIONS; AMANDA SAMUEL, HEAD OF S&P GLOBAL MARKET INTELLIGENCE LEGAL, GLOBAL DATA BUSINESS, S&P GLOBAL; BOLA OYESANYA, MANAGING DIRECTOR, HEAD OF THE LAW FIRM, J.P. MORGAN PRIVATE BANK; JACQUELINE L. CHUNG, PARTNER, WHITE & CASE; JOMAIRE CRAWFORD, LITIGATION PARTNER, QUINN EMANUEL URQUHART & SULLIVAN, LLP; PRATIK KARIA, HEAD OF ENGINEERING, BUYSIDE TRADING PLATFORM (AIM), BLOOMBERG LP; FERNANDO A. BOHORQUEZ JR., PARTNER, LITIGATION AND INTELLECTUAL PROPERTY, BAKERHOSTETLER, NYCT TRUSTEE, CUP BOARD MEMBER - -- CUP MEDIA & ENTERTAINMENT SUMMIT - "NAVIGATING A CHANGING LANDSCAPE-; HOSTED BY UTA ON FRIDAY, OCTOBER 25TH FROM 11:00AM - 7:00PM ET OVER 200 REGISTERED CRESCENT MUHAMMAD - MANAGING DIRECTOR, CUP LA; MICHAEL A. PERSAUD - PORTFOLIO MANAGER, GLOBAL SPORTS AND ENTERTAINMENT ASSOCIATE DIRECTOR, MORGAN STANLEY - CUP BOARD CHAIR; JEAN-RENE ZETRENNE - CHIEF PEOPLE OFFICER, UTA; KAREN TOLIVER, PRODUCER, CHASING MILES PRODUCTIONS; MICHAEL EALY - ACTOR; MATT JOHNSON - FOUNDING PARTNER, JOHNSON SHAPIRO SLEWETT & KOLE LLP; CARLA SANTIAGO - FOUNDER, STORI.DIGITAL; STEVEN WOLFE PEREIRA - CEO, ALPHA & CO.; X. EYEE (THEY/THEM) - SENIOR POLICY ADVISOR, GOLDMAN SCHOOL OF PUBLIC POLICY, UC BERKELEY; CEO, MALO SANTO; GORDON BOBB - PARTNER, DEL SHAW; EMERSON DAVIS - PARTNER, UTA; E. BRIAN DOBBINS - CO- FOUNDER, CO-PRESIDENT & PRODUCER, ARTISTS FIRST; JAMILA HUNTER - PRESIDENT, MACRO TV STUDIOS; NIIJA KUYKENDALL - VICE PRESIDENT FILM, NETFLIX; DAN LIMERICK - CHIEF OPERATING OFFICER, WME -- CUP'S ALTERNATIVE INVESTMENTS POWER FORUM, IN-PERSON, TUESDAY, MAY 7TH, 2024, 4PM - 8PM ET, "WEALTH CREATION IN VENTURE & INFRASTRUCTURE INVESTING", HOSTED BY MORGAN STANLEY, ARES MANAGEMENT, FIDELITY INVESTMENTS & GCM GROSVENOR; OVER 228 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; CRESCENT MUHAMMAD, MANAGING DIRECTOR, LA, CUP; MICHAEL A. PERSAUD, PORTFOLIO MANAGER, GLOBAL SPORTS AND ENTERTAINMENT ASSOCIATE DIRECTOR, MORGAN STANLEY, CUP BOARD CHAIR; JAY BROWN, CO-FOUNDER AND CHAIRMAN, ROCNATION; INDHIRA ARRINGTON, CHIEF DIVERSITY, EQUITY AND INCLUSION OFFICER, ARES MANAGEMENT, CUP VICE CHAIR; CHERYL ALSTON, EXECUTIVE DIRECTOR AND CHIEF INVESTMENT OFFICER, DALLAS EMPLOYEES' RETIREMENT FUND; JARVIS V. HOLLINGSWORTH, VICE CHAIRMAN, IRRADIANT PARTNERS, LP; EDWARD KEITH III, PARTNER, HEAD OF INFRASTRUCTURE SECONDARIES; TROY DUFFIE, DIRECTOR, FINANCIAL MARKETS, MILKEN INSTITUTE -- CUP'S 5TH ANNUAL TECH FORUM WITH PARTNER "SMART CITY EXPO USA" - WED/THURS, MAY 22ND & 23RD, 2024, 8AM-5PM ET, SPONSORED BY S&P GLOBAL, MORGAN STANLEY, NOMURA,OVER 150 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; WOLE COAXUM, FOUNDER & CEO, MOBILITY CAPITAL FINANCE, INC. (MOCAFI) -- CUP'S 15TH ANNUAL LAWYERS POWER FORUM & LAW CATALYSTS RECOGNITION CEREMONY - HOSTED BY SIDLEY & WEIL, TUESDAY, OCTOBER 8TH, 2024, 5:00PM - 8:00PM ET OVER 170 REGISTERED CUP'S 15TH ANNUAL LAWYERS POWER FORUM & LAW CATALYST RECOGNITION CEREMONY - HOSTED BY SIDLEY AUSTIN LLP AND WEIL. CUP'S 15TH ANNUAL LAWYERS POWER FORUM & LAW CATALYSTS RECOGNITION CEREMONY - HOSTED BY SIDLEY & WEIL, TUESDAY, OCTOBER 8TH, 2024, 5:00PM - 8:00PM ET OVER 200 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; LESLIE RICHARDS-YELLEN, CHIEF DIVERSITY OFFICER, SIDLEY AUSTIN LLP; ALVIN BRAGG, MANHATTAN DISTRICT ATTORNEY, OFFICE OF NEW YORK, DISTRICT ATTORNEY; ACKNEIL M. MULDROW, III (TREY), PARTNER, PRIVATE EQUITY, WEIL, GOTSHAL & MANGES LLP; KENNY TERRERO, PARTNER, SIDLEY AUSTIN LLP; DAMON HEWITT, PRESIDENT AND EXECUTIVE DIRECTOR, LAWYERS' COMMITTEE FOR CIVIL RIGHTS UNDER LAW; ROSEVELIE MRQUEZ MORALES, CHIEF DIVERSITY OFFICER, HOGAN LOVELLS; DANIELLE COOPER DAUGHTRY, GENERAL COUNSEL AND SENIOR VICE PRESIDENT OF LEGAL AFFAIRS, THE NATIONAL URBAN LEAGUE; NATE SAINT VICTOR, GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER, ENGINE NO. 1. -- CUP'S 16TH ANNUAL WALL STREET PARTNERS POWER FORUM & FINANCE CATALYST RECOGNITION CEREMONY - HOSTED BY CITI, MONDAY, NOVEMBER 25TH 2024, 5:00PM - 9:00PM ET OVER 500 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; ERIKA IRISH BROWN, CHIEF DIVERSITY, EQUITY AND INCLUSION OFFICER, AND GLOBAL HEAD OF TALENT, CITI; SHAHMIR KHALIQ, HEAD OF SERVICES, CITI; STRATFORD DENNIS CO-HEAD OF EMERGING MARKETS, EQUITIES FOR THE AMERICAS, EUROPE, MIDDLE EAST AND AFRICA, GOLDMAN SACHS; SELMA BUENO, GLOBAL HEAD OF THE MORGAN STANLEY INCLUSIVE VENTURES GROUP, MORGAN STANLEY; MEREDITH SHIELDS, MANAGING DIRECTOR, HEAD OF THE CITI IMPACT FUND, CITI; SAVITA SUBRAMANIAN, MANAGING DIRECTOR, HEAD OF ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) RESEARCH, HEAD OF U.S. EQUITY & QUANTITATIVE STRATEGY, BOFA GLOBAL RESEARCH; TIMICKA ANDERSON, MANAGING DIRECTOR, GLOBAL CONSUMER PRODUCTS & RETAIL HEAD, COMMERCIAL BANK, CITI; INDHIRA ARRINGTON, PARTNER, GLOBAL CHIEF DIVERSITY, EQUITY AND INCLUSION OFFICER, ARES MANAGEMENT, CUP VICE CHAIR.
- #2 $240KOTHER PROGRAMS: CUP & NBA FOUNDATION BLACK HISTORY MONTH CELEBRATION: CREATING EQUITY PATHWAYS FOR BLACK COMMUNITIES - TUESDAY, FEBRUARY 27TH, 2024, 4:00PM - 8:00PM ET OVER 50 REGISTERED GENISHA METCALF, PARTNERSHIPS LEAD, NBA FOUNDATION; GREG TAYLOR, EXECUTIVE DIRECTOR, NBA FOUNDATION; MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; DEMETRIUS THORNTON, CHRO, LEADERSHIP & WORKFORCE DEVELOPMENT CONSULTANT; JESSICA SANTANA, CHIEF EXECUTIVE OFFICER, AMERICA ON TECH CUP EXECUTIVE LEADERSHIP PROGRAM & CUP CATALYSTS PROGRAM STRATEGY SESSION - WEDNESDAY, MARCH 13TH, 2024, 10:00AM - 11:00AM ET OVER 15 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; MICHAEL A. PERSAUD, PORTFOLIO MANAGER, GLOBAL SPORTS AND ENTERTAINMENT ASSOCIATE DIRECTOR, MORGAN STANLEY; DEB LANGFORD, MANAGING DIRECTOR, HEAD OF BLACK WEALTH INITIATIVES, J.P. MORGAN PRIVATE BANK; ROSSIE TURMAN, AFRICAN PRACTICE, LOWENSTEIN SANDLER. LLP CUP CONNECTIONS + BOFA SERIES PT I UNLOCKING RESILIENCE: LEARNING TO THRIVE - VIRTUAL, WEDNESDAY, APRIL 10TH, 2024, 5:00PM - 6:00PM ET, HOSTED BY BANK OF AMERICA, OVER 80 REGISTERED LYNNE FAIRBANKS SVP, GLOBAL WOMEN'S TALENT STRATEGY, BANK OF AMERICA; MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; CICELY WASHINGTON VP, SR. DIVERSITY B/AA STRATEGY MANAGER, BANK OF AMERICA, BANK OF AMERICA TALENT REPRESENTATIVE; DR. SHIRLEY N. MOREJON, SVP, MARKET EXECUTIVE, GLOBAL COMMERCIAL BANKING, BANK OF AMERICA; ELISABETH DEWAILLY, CFA, CFP, CSRIC, CPFA, FINANCIAL ADVISOR, SPORTS & ENTERTAINMENT, MERRILL LYNCH; JOVADA JORDAN, VP, HR MANAGER, EXCELLENCE CONSULTANT, BANK OF AMERICA -- CUP CONNECTIONS + BOFA SERIES PT II UNLOCKING RESILIENCE: BUILDING LEGACY - VIRTUAL, WEDNESDAY, APRIL 17TH, 2024, 12:00PM - 1:00PM ET, HOSTED BY BANK OF AMERICA, OVER 250 REGISTERED LYNNE FAIRBANKS, SVP, GLOBAL WOMEN'S TALENT STRATEGY, BANK OF AMERICA; MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; CICELY WASHINGTON, VP, SR. DIVERSITY B/AA STRATEGY MANAGER, BANK OF AMERICA, BANK OF AMERICA TALENT REPRESENTATIVE; DR. SHIRLEY N. MOREJON, SVP, MARKET EXECUTIVE, GLOBAL COMMERCIAL BANKING, BANK OF AMERICA; ELISABETH DEWAILLY, CFA, CFP, CSRIC, CPFA, FINANCIAL ADVISOR, SPORTS & ENTERTAINMENT, MERRILL LYNCH; JOVADA JORDAN, VP, HR MANAGER, EXCELLENCE CONSULTANT, BANK OF AMERICA; TIFFANY EUBANKS-SAUNDERS, MANAGING DIRECTOR, HEAD OF DIVERSE SEGMENTS, BANK OF AMERICA - PRIVATE BANK -- CUP PRIDE CONVERSATION: RESILIENCY & TRANSFORMATION THROUGH ARTISTIC EXPRESSION - VIRTUAL, WEDNESDAY, JUNE 12TH, 2024, 12:00PM - 1:00PM ET OVER 50 REGISTERED ALEXIS JOS RIOS, DIRECTOR OF MARKETING AND ENGAGEMENT, CUP; JONATHAN MCCRORY, EXECUTIVE ARTISTIC DIRECTOR, NATIONAL BLACK THEATRE - "GET OUT THE VOTE: DEBATING THE DEBATE" - VIRTUAL, THURSDAY, SEPTEMBER 12TH, 2024 OVER 40 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; MICHAEL BLAKE, CEO, KAIROS DEMOCRACY PROJECT CUP PUBLIC SERVICE & SOCIAL IMPACT MIXER - SPONSORED BY EQUITABLE ADVISORS - THE TIPPLER, THURSDAY, NOVEMBER 21ST, 2024 - 6:00PM - 9:00PM ET OVER 246 REGISTERED MELISSA FENTON, EXECUTIVE DIRECTOR, CUP; CHARMAINE BROWNE, ASSISTANT DIRECTOR, NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE LA HOLIDAY HANGOUT: FRIDAY, DECEMBER 13TH, 2024; OVER 365 REGISTERED; SUNSET HOUSE LA, LOS ANGELES, CA, SPONSORED BY MAR VISTA INVESTMENT PARTNERS, MIRROR DIGITAL, HARVARD BUSINESS SCHOOL AFRICAN-AMERICAN ALUMNI ASSOCIATION. NEW YORK FELLOWS HOLIDAY PARTY: THURSDAY, DECEMBER 14TH, 5:30PM - 8:00PM, MAYFLY NYC, OVER 45 REGISTERED, SPONSORED BY THE NEW YORK FELLOWS
named programs · 5 · from sources
What they call their work
CUP Catalysts Program
Leadership development initiative recognizing outstanding professionals across finance, law, and technology sectors for their career and community impact.
CUP Connections + BofA Series
Virtual program series hosted with Bank of America focused on resilience, legacy-building, and professional growth for diverse leaders.
Leadership Soirée
Annual fundraising gala honoring trailblazing leaders and showcasing CUP's impact in advancing diverse business and civic leadership.
MV Summit & Beach Party
Annual gathering on Martha’s Vineyard for senior and mid-level leaders focused on networking, learning, and connection, culminating in a VIP beach reception.
Pipeline To Power Summit
Annual summit convening professionals across finance, legal, AI, and career development for keynote sessions, networking, and programming; hosted by Citi in New York.
activities · 3 groups
What they do
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Professional Conference & Symposium Organization 1 activity
- Industry forums and summits for professional engagementHosts annual forums and industry summits that convene professionals across business, technology, media, entertainment, and civic leadership sectors. Events include the Pipeline to Power Summit, held annually since at least 2021 with attendance ranging from 360 to over 500 participants, and the Wall Street Partners Power Forum, which drew over 2,000 attendees in 2020.
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Leadership Development Programs 1 activity
- Leadership and fellowship development programsOffers signature leadership and fellowship programs designed to build executive presence, leadership skills, and peer networks among emerging business and civic leaders. The organization has engaged 318 Catalyst alumni and 552 Fellows alumni to date.
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Uncategorized 1 activity
- Special event programming on diversity and inclusion themesProduces virtual and in-person events centered on identity, equity, and representation, including a Black History Month celebration co-hosted with the NBA Foundation in 2024 (50+ registrants), a "Cup Conversations" program on LGBTQIA+ creatives in 2023 (50+ registrants), and a NASDAQ opening bell ceremony in 2022 celebrating the organization’s 15th anniversary (66 attendees).
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financials · form 990 · fy2024
revenue
Total revenue$1.53M
Contributions & grants$1.63M106%
Program service revenue$00%
Investment income$2240%
Other revenue$-99K
expenses
Total expenses$1.35M
Program expenses85%
Admin / overhead6%
Fundraising9%
Salaries & benefits$591K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$603K
Cash$533K
Investments$0
Liabilities$225K
Net assets$378K
Liquid reserves4.7 mo
5 years on record · 2020–2024 · YoY revenue +9.6%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MELISSA FENTON | EXECUTIVE DI | 75 | $238K |
board members · 22
- BARRY G SIMMONS — BOARD MEMBER
- CHRISTOPHER AGUWA — TREASURER
- DEBRA LANGFORD — BOARD MEMBER
- FERNANDO A BOHORQUEZ JR — BOARD MEMBER
- FERNANDO RIVERA — BOARD MEMBER
- FRANK DIX — BOARD MEMBER
- HARRY VALETK — SECRETARY
- IKENNA EMEHELU — BOARD MEMBER
- INDHIRA ARRINGTON — VICE CHAIRMA
- JOSHUA HILL — BOARD MEMBER
- KAREN TOLIVER — BOARD MEMBER
- KENNY TERRERO — BOARD MEMBER
- KWAD ACHEAMPONG — BOARD MEMBER
- MICHAEL A PERSAUD — CHAIRMAN
- NADJA WEBB — BOARD MEMBER
- RASHAAN REID — BOARD MEMBER
- ROSSIE TURMAN III — BOARD MEMBER
- SANDRA HURSE — BOARD MEMBER
- STEVEN WOLFE PEREIRA — BOARD MEMBER
- TARRUS RICHARDSON — BOARD MEMBER
- TEJASH PATEL — TREASURER
- TIMICKA C ANDERSON — BOARD MEMBER
relationships · 20
Who they work with
- Akin Gump Strauss & Feld LLP Partner — Represented through board member Ikenna Emehelu, Partner.
- Alpha & Company Partner — Represented through board member Steven Wolfe Pereira, Founder & CEO.
- BET Networks Partner — Represented through board member Nadja Webb, Executive Vice President, Programming Business Operations.
- Bank of America Partner — Hosted multiple CUP Connections virtual programs in 2023 and 2024.
- Bank of America Securities Partner — Represented through board member Rashaan Reid, Managing Director, Head of Global Senior Relationships Management.
- Chasing Miles Productions Partner — Represented through board member Karen Toliver, Producer.
- Citi Partner — Hosted the 5th Annual Pipeline to Power Summit in 2023 and the 13th Annual Wall Street Partners Power Forum in 2020.
- Citi Partner — Presenting sponsor of the 8th Annual Pipeline To Power and Partner Summit.
- Goldman Sachs Partner — Hosted the 4th and 3rd Annual Pipeline to Power Summits in 2022 and 2021.
- Grayscale Investments Partner — Represented through board member Kenny Terrero, Secretary.
- HarbourView Equity Partners Partner — Represented through board member Shana C. Hall, Deputy Chief Compliance Officer.
- JP Morgan Chase & Co. Partner — Represented through board member Debra Langford, Managing Director & Head of Black Wealth Initiatives.
- Lane Health Partner — Represented through board member Christopher Aguwa, Chief Commercial Officer.
- Morgan Stanley Partner — Represented through board member Doug Melville, Associate Director / Portfolio Manager.
- NASDAQ Partner — Hosted CUP for the opening bell ringing on December 16, 2022.
- NBA Foundation Partner — Co-hosted a Black History Month celebration in 2024.
- PIMCO Partner — Represented through board member Kwad Acheampong, Senior Vice President, Capital Formation and Client Solutions.
- Paul Weiss Rifkind Wharton & Garrison LLP Partner — Represented through board member Josh Hill, Partner.
- Wells Fargo Advisors Partner — Represented through board member Barry Simmons, Divisional President.
- White & Case Partner — Hosted the 6th Annual Pipeline to Power Summit in 2024.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Curated Community Engagement for Professional Growthmethodology: curated community engagementBy creating structured, inclusive spaces for dialogue and connection, we foster professional advancement among underrepresented leaders because trusted networks amplify opportunity and reduce systemic isolation.
- Recognition-Driven Leadership Developmentmethodology: recognition-driven leadership developmentBy providing visibility and recognition to underrepresented leaders through curated platforms and corporate partnerships, we increase their influence and impact, because public validation strengthens leadership efficacy and opens pathways to systemic change.