Some persistence, a new array, and a newly defined variable made it come together. The data for color name and color hexcode was found in a JSON file though corpora, listing out all Crayola crayon colors and their hexcode values.
I extracted the data from the JSON file (color name and hexcode) and listed out the names below the sketch and changed the text color to the associated hex value. In addition to the listed text, my goal was to also use the data in a different way. In the example in the code, the draw loop is placing different ellipses in the mouseX/mouseY location at a random chosen color from the array.
Very happy with the outcome, and may use this for part of my PCOMP final. More to come..