Skip to content
Nonprofiteer
← GRID110 INC

Form 990 for tax year 2024

Filed by GRID110 INC.

Totals

Total revenue
$421,584
Total expenses
$407,859
Contributions and grants received
$421,584
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$451,448
Total liabilities, end of year
$161,075
Net assets or fund balances, end of year
$290,373
Program services expenses (Part IX)
$257,861
Management and general expenses
$116,139
Fundraising expenses
$33,859
Program service expenses (Part III)
$257,861

Program services were 63.2% 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.

  • 1e · Government grants (contributions)

    $368,556

  • 1f · All other contributions, gifts and grants

    $53,028

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $298,609 · program services $179,165 · management and general $89,583 · fundraising $29,861

  • 9 · Other employee benefits

    total $16,789 · program services $10,073 · management and general $5,037 · fundraising $1,679

  • 10 · Payroll taxes

    total $23,188 · program services $13,913 · management and general $6,956 · fundraising $2,319

  • 11b · Fees: legal

    total $3,605 · program services $3,605

  • 11c · Fees: accounting

    total $6,098 · management and general $6,098

  • 11g · Fees: other

    total $7,289 · program services $4,389 · management and general $2,900

  • 13 · Office expenses

    total $400 · management and general $400

  • 16 · Occupancy

    total $973 · program services $973

  • 17 · Travel

    total $640 · program services $640

  • 19 · Conferences, conventions and meetings

    total $3,321 · program services $3,321

  • 23 · Insurance

    total $2,663 · program services $1,205 · management and general $1,458

  • 24a · Other expenses: PROGRAM ACTIVITIES

    total $34,211 · program services $34,211 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,220 · program services $6,220 · management and general $0 · fundraising $0

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $3,077 · program services $0 · management and general $3,077 · fundraising $0

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $525 · program services $0 · management and general $525 · fundraising $0

  • 24e · All other expenses

    total $251 · program services $146 · management and general $105

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,647 · end of year $387,964

  • 3 · Pledges and grants receivable

    end of year $62,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,057 · end of year $7,410

  • 19 · Deferred revenue

    end of year $153,522

  • 25 · Other liabilities

    beginning of year $976 · end of year $143

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $192,614 · end of year $290,373

Mission and programs · 2024

Mission

TO FOSTER THE MOST THRIVING, INVITING & INCLUSIVE COMMUNITY FOR ENTREPRENEURS. WE BELIEVE THAT ANYONE WITH THE GOAL OF BECOMING AN ENTREPRENEUR SHOULD HAVE THE CHANCE TO PURSUE IT AND RECEIVE SUPPORT ALONG THE WAY. OUR WORK IMPACTS INDIVIDUALS WHO ARE OFTEN OVERLOOKED BY TRADITIONAL STARTUP ECOSYSTEMS -- THAT'S WHAT DRIVES US TO MAKE THE ENTREPRENEURIAL PATH MORE EQUITABLE, INCLUSIVE AND ACCESSIBLE.

Activities or mission (Part I)

CREATING CLEARER PATHWAYS TO SUCCESS FOR EARLY STAGE ENTREPRENEURS IN LOS ANGELES.

  • LAUNCHPAD EXTENSION PROGRAM: FACILITATED 1 COHORT OF 12 COMPANIES, WHO WERE READY TO TAKE THEIR IDEA PAST LAUNCH AND RECEIVE MORE FOCUSED SUPPORT INCLUDING ADDITIONAL EDUCATIONAL PROGRAMMING, MENTORSHIP AND CRITICAL RESOURCES. "

    Expenses $116,038

  • IDEA TO LAUNCH BOOTCAMP: FACILIATED 1 COHORT OF 34 IDEA STAGE COMPANIES, PROVIDING THEM WITH ACCESS TO EDUCATIONAL PROGRAMMING, MENTORSHIP AND CRITICAL RESOURCES.

    Expenses $77,358

  • COMMUNITY EXPENSES: SUPPORTED PREVIOUS PROGRAM PARTICIPANTS (ALUMNI) THROUGH CONTINUED EDUCATIONAL WORKSHOPS, NETWORKING EVENTS, AND ADVISING HOURS. WE ALSO SUPPORTED EXTERNAL COMMUNITY THROUGH EVENTS AND WORKSHOPS. "

    Expenses $64,465

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Megan Sette

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Emma Mayerson

    CFO

    Total calculated
    $0
    Hours/week
    3
  • Miki Reynolds

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Jared Goodner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Prashant Samant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jade Turner-Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rohit Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349324238

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.