Totals
- Total revenue
- $747,923
- Total expenses
- $679,124
- Contributions and grants received
- $293,592
- Grants paid
- $0
- Program service revenue
- $411,363
- Investment income
- $0
- Other revenue
- $42,968
- Total assets, end of year
- $288,376
- Total liabilities, end of year
- $208,552
- Net assets or fund balances, end of year
- $79,824
- Program services expenses (Part IX)
- $543,300
- Management and general expenses
- $135,824
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $543,300
Program services were 80.0% 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
$293,592
-
1g · Noncash contributions included above
$58,718
-
2a · Program service revenue: SPACE AND SERVICE
total $411,363 · related or exempt $329,091 · unrelated business $82,272
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: EVENT RELATED
total $389 · related or exempt $311 · unrelated business $78
-
11b · Other revenue: INTEREST
total $214 · related or exempt $171 · unrelated business $43
-
11d · All other revenue
total $42,365 · related or exempt $33,892 · unrelated business $8,473
-
11e · Other revenue, total
$42,968
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $129,521 · program services $103,617 · management and general $25,904
-
9 · Other employee benefits
total $5,112 · program services $4,090 · management and general $1,022
-
10 · Payroll taxes
total $10,193 · program services $8,154 · management and general $2,039
-
11b · Fees: legal
total $136,471 · program services $109,177 · management and general $27,294
-
11c · Fees: accounting
total $34,860 · program services $27,888 · management and general $6,972
-
11g · Fees: other
total $12,935 · program services $10,348 · management and general $2,587
-
12 · Advertising and promotion
total $6,722 · program services $5,378 · management and general $1,344
-
13 · Office expenses
total $4,680 · program services $3,744 · management and general $936
-
14 · Information technology
total $2,184 · program services $1,747 · management and general $437
-
16 · Occupancy
total $178,904 · program services $143,123 · management and general $35,781
-
17 · Travel
total $954 · program services $763 · management and general $191
-
20 · Interest
total $631 · program services $505 · management and general $126
-
23 · Insurance
total $4,077 · program services $3,262 · management and general $815
-
24a · Other expenses: CAM
total $25,075 · program services $20,060 · management and general $5,015
-
24b · Other expenses: CONTRACTOR
total $92,723 · program services $74,179 · management and general $18,544
-
24c · Other expenses: DUES AND SUBSCRIPTION
total $11,150 · program services $8,920 · management and general $2,230
-
24d · Other expenses: PURCHASE
total $1,769 · program services $1,415 · management and general $354
-
24e · All other expenses
total $21,163 · program services $16,930 · management and general $4,233
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,439 · end of year $155,325
-
4 · Accounts receivable
beginning of year $101,529 · end of year $126,045
-
15 · Other assets
beginning of year $3,750 · end of year $7,006
-
17 · Accounts payable and accrued expenses
beginning of year $9 · end of year $116
-
18 · Grants payable
beginning of year $37,134 · end of year $76,000
-
24 · Unsecured notes and loans payable
beginning of year $132,550 · end of year $132,436
-
31 · Retained earnings, endowment or other funds
beginning of year $11,025 · end of year $79,824
Mission and programs · 2025
Mission
TO CREATE AN ENTREPRENEURIAL HUB TO FOSTER A CULTURE OF INNOVATION, COLLABORATION, AND ENTREPRENEURSHIP BETWEEN INDIVIDUALS AND TRI-SECTOR STAKEHOLDERS WITH THE INTENT TO DRIVE SUSTAINABLE ECONOMIC DEVELOPMENT AND REVITALIZATION OF DOWNTOWN AND GREATER RICHMOND, CALIFORNIA
-
COBIZ CONTINUED PROVIDING LOW TO NO COST BUSINESS INNOVATION AND INCUBATION SERVICES IN A COLLABORATIVE SHARED WORK-SPACE SETTING, SERVING THE COMMUNITY AND ESSENTIAL PROFESSIONALS THROUGH THE PANDEMIC AND NUMEROUS SHELTER IN PLACE ORDERS.
Expenses $543,300 · Grants $293,512
As filed on the 2025 return.
Listed in Part VII
-
Chris HortonCHRIS HORTON
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael MartinMICHAEL MARTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bret SweetBRET SWEET
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Emmanual HyppoliteEMMANUAL HYPPOLITE
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Myisha RobertsonMYISHA ROBERTSON
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phaethon BrownPHAETHON BROWN
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dianna TremblayDIANNA TREMBLAY
BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
Wesley AlexanderWESLEY ALEXANDER
CEO
- Total calculated
- $0
- Hours/week
- 65
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
- 2025
- Filed
- 18 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611569349300021
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