Totals
- Total revenue
- $1,963,691
- Total expenses
- $1,135,313
- Contributions and grants received
- $1,600,786
- Grants paid
- $157,309
- Program service revenue
- $286,681
- Investment income
- $76,224
- Other revenue
- $0
- Total assets, end of year
- $9,355,309
- Total liabilities, end of year
- $1,709,722
- Net assets or fund balances, end of year
- $7,645,587
- Program services expenses (Part IX)
- $943,043
- Management and general expenses
- $192,270
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $943,043
Program services were 83.1% 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)
$1,047,863
-
1f · All other contributions, gifts and grants
$552,923
-
2a · Program service revenue: Contract revenue
total $94,503 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Loan interest
total $167,288 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Portfolio management
total $24,890 · unrelated business $0 · excluded $0
-
3 · Investment income
total $76,224 · unrelated business $0 · excluded $76,224
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $157,309 · program services $157,309
-
5 · Compensation of officers, directors and key employees
total $106,131 · program services $81,468 · management and general $24,663 · fundraising $0
-
7 · Other salaries and wages
total $380,987 · program services $297,064 · management and general $83,923 · fundraising $0
-
9 · Other employee benefits
total $63,115 · program services $49,113 · management and general $14,002 · fundraising $0
-
10 · Payroll taxes
total $39,297 · program services $29,078 · management and general $10,219 · fundraising $0
-
11c · Fees: accounting
total $21,800 · program services $21,159 · management and general $641 · fundraising $0
-
11g · Fees: other
total $155,527 · program services $133,857 · management and general $21,670 · fundraising $0
-
12 · Advertising and promotion
total $15,805 · program services $9,449 · management and general $6,356 · fundraising $0
-
13 · Office expenses
total $16,358 · program services $14,311 · management and general $2,047 · fundraising $0
-
14 · Information technology
total $10,247 · program services $9,739 · management and general $508 · fundraising $0
-
16 · Occupancy
total $26,771 · program services $25,490 · management and general $1,281 · fundraising $0
-
17 · Travel
total $11,626 · program services $9,562 · management and general $2,064 · fundraising $0
-
20 · Interest
total $5,000 · program services $5,000 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $23,565 · program services $0 · management and general $23,565 · fundraising $0
-
23 · Insurance
total $35,544 · program services $34,213 · management and general $1,331 · fundraising $0
-
24a · Other expenses: BAD DEBTS
total $66,231 · program services $66,231 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $452,752 · end of year $2,332,466
-
2 · Savings and temporary cash investments
beginning of year $3,610,431 · end of year $3,299,195
-
4 · Accounts receivable
beginning of year $111,124 · end of year $246,901
-
7 · Other notes and loans receivable
beginning of year $2,803,118 · end of year $2,807,245
-
9 · Prepaid expenses and deferred charges
beginning of year $32,262 · end of year $33,106
-
10a · Land, buildings and equipment: cost or other basis
$745,891
-
10b · Land, buildings and equipment: accumulated depreciation
$109,495
-
10c · Land, buildings and equipment, net
beginning of year $659,961 · end of year $636,396
-
17 · Accounts payable and accrued expenses
beginning of year $20,445 · end of year $31,044
-
18 · Grants payable
beginning of year $43,772 · end of year $43,772
-
19 · Deferred revenue
beginning of year $435,822 · end of year $1,282,506
-
24 · Unsecured notes and loans payable
beginning of year $250,000 · end of year $250,000
-
25 · Other liabilities
beginning of year $102,400 · end of year $102,400
-
27 · Net assets without donor restrictions
beginning of year $4,515,936 · end of year $4,612,396
-
28 · Net assets with donor restrictions
beginning of year $2,301,273 · end of year $3,033,191
Mission and programs · 2023
Mission
Serve as an intermediary for public and private funds that foster a stable and diversified local economy, to improve social, economic and employment conditions and implement sound, long-term strategy to address identified community needs.
Activities or mission (Part I)
Serve as an intermediary for public and private funds that foster a stable and diversified local economy, to improve social, economic and employment conditions and implement sound, long-term strategy.
-
Organization and Nature of Activities 3CORE, Inc. (the Corporation) is a private not-for-profit corporation organized and established in 1985 to serve the rural northern California region of Butte, Glenn, and Tehama and the cities therein. The specific purpose of the Corporation is to be an intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic, and employment conditions through collaborative partnerships and to implement a sound, long-term strategy that can address identified community needs through the private, public, and nonprofit organizations principally located within Butte, Glenn, and Tehama counties. The Corporation is a federally recognized Economic Development District (EDD), a state and federally certified Community Development Financial Institution (CDFI), and a licensed lender regulated by the California Department of Financial Protection and Innovation (DFPI). Services related to economic development are funded, in part, through various federal grants and matching funds provided by local jurisdictions. The Corporations revolving loan fund program provides financing to local businesses. The funds for the program are derived from various Economic Development Administration Grants, various local grant funds, local matching funds, various equity equivalent investment loans, and reinvestment of interest and loan fees. The Corporation also provides contract services, in part to local government units, related to obtaining and administering grant projects. During the current fiscal year, the Corporation administered various grant programs at the direction of local counties and cities to aid small businesses in recovery from the economic effects of the COVID-19 pandemic.
Expenses $943,043 · Grants $157,309 · Revenue $286,681
As filed on the 2023 return.
Listed in Part VII
-
Patty Hess
Executive Director
- Total calculated
- $110,640
- From this org
- $93,634
- From related orgs
- $0
- Other
- $17,006
- Hours/week
- 40
-
Dan Blair
President
- Total calculated
- $0
- Hours/week
- 1
-
John K Viegas
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Starlyn Brown
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Tony Cardenas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Toni Scott
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rick Woody
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
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433319349300813
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