Totals
- Total revenue
- $7,307,523
- Total expenses
- $5,883,938
- Contributions and grants received
- $6,010,152
- Grants paid
- $0
- Program service revenue
- $1,216,223
- Investment income
- $81,148
- Other revenue
- $0
- Total assets, end of year
- $27,379,971
- Total liabilities, end of year
- $15,939,379
- Net assets or fund balances, end of year
- $11,440,592
- Program services expenses (Part IX)
- $4,996,667
- Management and general expenses
- $682,743
- Fundraising expenses
- $204,528
- Program service expenses (Part III)
- $4,996,667
Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$6,010,152
-
2a · Program service revenue: LENDING
total $851,465 · related or exempt $851,465
-
2b · Program service revenue: INNOVATION LAB
total $183,558 · related or exempt $183,558
-
2c · Program service revenue: BUSINESS ADVISING
total $181,200 · related or exempt $181,200
-
3 · Investment income
total $92,862 · excluded $92,862
-
7a · Gross sales of assets other than inventory
securities $2,143,923
-
7b · Less cost or other basis and sales expenses
securities $2,155,637
-
7c · Gain or loss
securities -$11,714
-
7d · Net gain or loss
total -$11,714 · excluded -$11,714
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $589,158 · program services $425,910 · management and general $80,897 · fundraising $82,351
-
7 · Other salaries and wages
total $1,577,516 · program services $1,200,317 · management and general $302,585 · fundraising $74,614
-
9 · Other employee benefits
total $590,512 · program services $371,626 · management and general $211,793 · fundraising $7,093
-
10 · Payroll taxes
total $175,888 · program services $132,388 · management and general $30,845 · fundraising $12,655
-
11f · Fees: investment management
total $22,649 · program services $18,596 · management and general $2,718 · fundraising $1,335
-
11g · Fees: other
total $1,133,812 · program services $1,111,406 · management and general $15,025 · fundraising $7,381
-
12 · Advertising and promotion
total $64,279 · program services $64,173 · management and general $71 · fundraising $35
-
13 · Office expenses
total $37,078 · program services $30,755 · management and general $4,240 · fundraising $2,083
-
14 · Information technology
total $352,192 · program services $338,668 · management and general $9,069 · fundraising $4,455
-
16 · Occupancy
total $191,309 · program services $179,326 · management and general $8,036 · fundraising $3,947
-
17 · Travel
total $119,345 · program services $107,421 · management and general $7,996 · fundraising $3,928
-
19 · Conferences, conventions and meetings
total $11,860 · program services $9,799 · management and general $1,382 · fundraising $679
-
20 · Interest
total $231,167 · program services $231,167
-
22 · Depreciation, depletion and amortization
total $11,661 · program services $9,575 · management and general $1,399 · fundraising $687
-
23 · Insurance
total $43,558 · program services $35,797 · management and general $5,204 · fundraising $2,557
-
24a · Other expenses: GJGB INCENTIVIES
total $256,843 · program services $256,843
-
24b · Other expenses: LOAN LOSS EXPENSE
total $236,997 · program services $236,997
-
24c · Other expenses: PROJECT EXPENSE
total $180,000 · program services $180,000
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $27,552 · program services $27,308 · management and general $164 · fundraising $80
-
24e · All other expenses
total $30,562 · program services $28,595 · management and general $1,319 · fundraising $648
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,379,294 · end of year $6,092,442
-
2 · Savings and temporary cash investments
beginning of year $616,038 · end of year $2,675,345
-
3 · Pledges and grants receivable
beginning of year $41,870 · end of year $36,870
-
4 · Accounts receivable
beginning of year $107,766 · end of year $88,230
-
9 · Prepaid expenses and deferred charges
beginning of year $25,915 · end of year $36,087
-
10a · Land, buildings and equipment: cost or other basis
$90,157
-
10b · Land, buildings and equipment: accumulated depreciation
$59,397
-
10c · Land, buildings and equipment, net
beginning of year $42,422 · end of year $30,760
-
11 · Investments: publicly traded securities
beginning of year $6,166,314 · end of year $3,936,198
-
12 · Investments: other securities
beginning of year $205,401 · end of year $205,401
-
15 · Other assets
beginning of year $10,444,805 · end of year $14,278,638
-
17 · Accounts payable and accrued expenses
beginning of year $730,496 · end of year $631,126
-
19 · Deferred revenue
end of year $175,000
-
21 · Escrow or custodial account liability
beginning of year $66,673 · end of year $66,673
-
24 · Unsecured notes and loans payable
beginning of year $9,135,698 · end of year $14,627,161
-
25 · Other liabilities
beginning of year $8,947 · end of year $439,419
-
27 · Net assets without donor restrictions
beginning of year $8,688,014 · end of year $9,113,969
-
28 · Net assets with donor restrictions
beginning of year $1,399,997 · end of year $2,326,623
Mission and programs · 2022
Mission
PACIFIC COMMUNITY VENTURES SUPPORTS SMALL BUSINESS OWNERS AND THEIR COMMUNITIES IN THE FIGHT FOR ECONOMIC, RACIAL, AND GENDER JUSTICE. WE WORK SIDE-BY-SIDE WITH GROWING SMALL BUSINESS LEADERS AND SOLOPRENEUERS THROUGH OUR INTEGRATED MODEL: COMBINING IMPACT-FIRST RESTORATIVE CAPITAL AND PRO BONO BUSINESS ADVISING WITH OUR GOOD JOBS INNOVATION LAB THAT PROPELS THRIVING COMMUNITIES WITH EQUITABLE JOBS. PACIFIC COMMUNITY VENTURES IS A 501C3 NONPROFIT IMPACT INVESTOR AND COMMUNITY DEVELOPMENT FINANCIAL INSTITITUION (CDFI).
Activities or mission (Part I)
TO SUPPORT SMALL BUSINESS OWNERS AND THEIR COMMUNITIES IN THE FIGHT FOR ECONOMIC, RACIAL AND GENDER JUSTICE.
-
INNOVATION LAB - THIS PROGRAM DESIGNS PRODUCTS, SERVICES, AND COMMUNICATIONS TO HELP OUR SMALL BUSINESS CLIENTS MAXIMIZE THEIR LOCAL ECONOMIC IMPACT THROUGH THE POWER OF PROVIDING GOOD JOBS WITH DIGINITY. THE GOOD JOBS INNOVATION LAB USES BEHAVIORAL ECONOMICS, APPLIED RESEARCH, AND DATA ANALYTICS TO PROMOTE EVIDENCE-BASED, HIGH IMPACT INTERVENTIONS THAT LEAD TO A MORE INCLUSIVEECONOMY.
Expenses $947,794 · Revenue $183,558
-
SMALL BUSINESS ADVISING INTEGRATED LENDING LOAN FUND PROVIDES DEBT CAPITAL AND RESOURCES TO HIGH GROWTH CALIFORNIA BUSINESSES THAT CREATE JOBS AND OPPORTUNITIES IN LOWER INCOME COMMUNITIES.
Expenses $2,045,262 · Revenue $851,465
-
PROVIDES SMALL, UNDERCAPITALIZED BUSINESSES IN LOW/MODERATE INCOME COMMUNITIES WITH KEY RESOURCES AND INSIGHTS. THIS BUSINESS ADVISORY SERVICE ALLOWS THESE BUSINESSES TO GROW AND WEATHER CHALLENGES, WHICH CONTRIBUTES TO EMPLOYMENT IN LOW/MODERATE INCOME COMMUNITIES, AND GREATER ECONOMIC VITALITY IN THOSE COMMUNITIES.
Expenses $2,003,611 · Revenue $181,200
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amir KirkwoodAMIR KIRKWOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Teresa PahlTERESA PAHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Sanjay DattaSANJAY DATTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jasmine ThomasJASMINE THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Cecil PlummerCECIL PLUMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Cindy KaczmarekCINDY KACZMAREK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Katie KalvodaKATIE KALVODA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Carolina MartinezCAROLINA MARTINEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Lili GangasLILI GANGAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Olivia RebanalOLIVIA REBANAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Bulbul GuptaBULBUL GUPTA
PRESIDENT & CEO
- Total calculated
- $353,492
- From this org
- $329,404
- From related orgs
- $0
- Other
- $24,088
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,904
- Bonus
- $65,500
- Other
- $0
- Deferred
- $2,000
- Nontaxable benefits
- $22,088
- Filer's total
- $353,492
-
Ketav PatelKETAV PATEL
CFO
- Total calculated
- $33,694
- From this org
- $31,486
- From related orgs
- $0
- Other
- $2,208
- Hours/week
- 40
-
Robert PorterROBERT PORTER
MANAGING DIRECTOR, BA & LE
- Total calculated
- $259,034
- From this org
- $228,268
- From related orgs
- $0
- Other
- $30,766
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,336
- Bonus
- $35,932
- Other
- $0
- Deferred
- $2,000
- Nontaxable benefits
- $28,766
- Filer's total
- $259,034
-
Robyn MillerROBYN MILLER
DIRECTOR, FINANCE & OPERAT
- Total calculated
- $188,681
- From this org
- $164,988
- From related orgs
- $0
- Other
- $23,693
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,925
- Bonus
- $28,063
- Other
- $0
- Deferred
- $2,000
- Nontaxable benefits
- $21,693
- Filer's total
- $188,681
-
Kenneth KitahataKENNETH KITAHATA
MANAGER, DATA ANALYTICS
- Total calculated
- $112,982
- From this org
- $104,000
- From related orgs
- $0
- Other
- $8,982
- Hours/week
- 40
-
Robyn RoginROBYN ROGIN
DIRECTOR, LENDING
- Total calculated
- $141,211
- From this org
- $116,672
- From related orgs
- $0
- Other
- $24,539
- Hours/week
- 40
-
Deedre' ScottDEEDRE' SCOTT
DIRECTOR, HUMAN RESOURCES
- Total calculated
- $129,940
- From this org
- $113,983
- From related orgs
- $0
- Other
- $15,957
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PACIFIC COMMUNITY VENTURES INVESTMENT PARTNERSHIP III LLC
INVESTMENT · INVESTMENTS · CA · 1.76% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349307345
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.