Form 990 for tax year 2022
Filed by CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $4,136,742
- Total expenses
- $3,848,552
- Contributions and grants received
- $3,672,920
- Grants paid
- $0
- Program service revenue
- $463,643
- Investment income
- $179
- Other revenue
- $0
- Total assets, end of year
- $4,782,406
- Total liabilities, end of year
- $1,483,384
- Net assets or fund balances, end of year
- $3,299,022
- Program services expenses (Part IX)
- $3,076,336
- Management and general expenses
- $772,216
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,076,336
Program services were 79.9% 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.
-
1e · Government grants (contributions)
$3,104,970
-
1f · All other contributions, gifts and grants
$567,950
-
2a · Program service revenue: CAPITAL ACCESS PROGRAM
total $463,343 · related or exempt $463,343
-
2b · Program service revenue: WOMENS BUSINESS CENTER
total $300 · related or exempt $300
-
3 · Investment income
total $179 · excluded $179
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $651,655 · program services $518,949 · management and general $132,706
-
7 · Other salaries and wages
total $1,697,171 · program services $1,351,552 · management and general $345,619
-
8 · Pension plan contributions
total $65,003 · program services $28,222 · management and general $36,781
-
9 · Other employee benefits
total $135,504 · program services $109,218 · management and general $26,286
-
10 · Payroll taxes
total $179,529 · program services $144,464 · management and general $35,065
-
11b · Fees: legal
total $7,472 · program services $4,974 · management and general $2,498
-
11c · Fees: accounting
total $21,975 · management and general $21,975
-
11g · Fees: other
total $488,836 · program services $447,525 · management and general $41,311
-
12 · Advertising and promotion
total $13,829 · program services $12,869 · management and general $960
-
13 · Office expenses
total $126,413 · program services $82,536 · management and general $43,877
-
14 · Information technology
total $28,073 · program services $25,707 · management and general $2,366
-
16 · Occupancy
total $172,929 · program services $100,008 · management and general $72,921
-
17 · Travel
total $48,239 · program services $26,537 · management and general $21,702
-
19 · Conferences, conventions and meetings
total $17,844 · program services $10,833 · management and general $7,011
-
22 · Depreciation, depletion and amortization
total $5,588 · management and general $5,588
-
23 · Insurance
total $24,050 · program services $14,741 · management and general $9,309
-
24a · Other expenses: LOAN LOSSES
total $92,983 · program services $92,983
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $49,984 · program services $25,789 · management and general $24,195
-
24c · Other expenses: DUES & FEES
total $21,475 · program services $14,391 · management and general $7,084
-
24d · Other expenses: INDIRECT EXPENSES
total $0 · program services $65,038 · management and general -$65,038
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $734,263 · end of year $13,010
-
3 · Pledges and grants receivable
beginning of year $1,019,033 · end of year $1,824,296
-
7 · Other notes and loans receivable
beginning of year $1,996,420 · end of year $2,117,484
-
9 · Prepaid expenses and deferred charges
beginning of year $30,780 · end of year $37,657
-
10a · Land, buildings and equipment: cost or other basis
$167,913
-
10b · Land, buildings and equipment: accumulated depreciation
$143,424
-
10c · Land, buildings and equipment, net
beginning of year $23,271 · end of year $24,489
-
15 · Other assets
beginning of year $123,159 · end of year $765,470
-
17 · Accounts payable and accrued expenses
beginning of year $176,885 · end of year $386,394
-
19 · Deferred revenue
beginning of year $637,782 · end of year $73,286
-
22 · Loans and payables to officers and key people
end of year $265,000
-
25 · Other liabilities
beginning of year $101,427 · end of year $758,704
-
27 · Net assets without donor restrictions
beginning of year $2,630,901 · end of year $2,408,166
-
28 · Net assets with donor restrictions
beginning of year $379,931 · end of year $890,856
Mission and programs · 2022
Mission
PROVIDE CAPITAL AND DEVELOPMENT ASSISTANCE TO INCREASE ECONOMIC OPPORTUNITIES FOR UNDERSERVED COMMUNITIES AND PERSONS BY OFFERING A WIDE RANGE OF FLEXIBLE FINANCIAL PRODUCTS AND SERVICES THROUGH COLLABORATION.
-
CAPITAL ACCESS PROGRAM: CALIFORNIA CAPITAL ADMINISTERS VARIOUS LOAN PROGRAMS INCLUDING DIRECT LENDING TO SMALL BUSINESSES THROUGH FEDERAL AND DONOR FUNDED PROGRAMS AND ADMINISTERS LOAN GUARANTEES UNDER THE DIRECTION OF THE STATE OF CALIFORNIA IN WHICH LOANS ARE GUARANTEED FOR SMALL BUSINESSES AS WELL AS TECHNICAL ASSISTANCE FOR LOAN READINESS.
Expenses $1,256,443 · Revenue $463,343
-
CALIFORNIA CAPITAL WOMEN'S BUSINESS CENTER: UNDER COOPERATIVE AGREEMENT WITH THE SMALL BUSINESS ADMINISTRATION, IS COMMITTED TO BUILDING THE CAPACITY OF SMALL BUSINESSES THROUGH EDUCATIONAL WORKSHOPS, ONE-ON-ONE ASSISTANCE, ONLINE LEARNING, AND CONNECTION WITH LOCAL RESOURCES. WBC SERVICES FOCUS ON ENTREPRENEURSHIP, ACCESS TO CAPITAL, AND SPECIALIZED PROGRAMS FOR INDUSTRY SECTORS INCLUDING CHILDCARE AND B2B SERVICES.
Expenses $719,102 · Revenue $300
-
SACRAMENTO VALLEY SBDC: CALIFORNIA CAPITAL EXPANDED SERVICES WITH THE ADDITION OF THE SBDC IN 2022. THE SBDC IS A SMALL BUSINESS ADVISORY FUNDED THROUGH THE SBA TO ASSIST SMALL BUSINESSES WITH A BROAD RANGE OF BUSINESS DEVELOPMENT SERVICES.
Expenses $568,071
-
CALIFORNIA CAPITAL APEX ACCELERATOR: UNDER COOPERATIVE AGREEMENT WITH THE DEPARTMENT OF DEFENSE, THE APEX ACCELERATOR PROVIDES CAPACITY-BUILDING TRAINING AND DIRECT ASSISTANCE TO SMALL BUSINESSES RELATED TO GOVERNMENT CONTRACTING. WE PROVIDE THIS PROCUREMENT TECHNICAL ASSISTANCE TO SMALL BUSINESSES WHO WISH TO OR CURRENTLY DO BUSINESS WITH FEDERAL, STATE, OR LOCAL GOVERNMENT.
Expenses $532,720
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Clarence WilliamsCLARENCE WILLIAMS
CHAIR (THRU MAY '23)
- Total calculated
- $0
- Hours/week
- 1
-
Virginia CoronadoVIRGINIA CORONADO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Truman RishardTRUMAN RISHARD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Shelley SealesSHELLEY SEALES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Denise BrowneDENISE BROWNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Drue BrownDRUE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah MuramotoDEBORAH MURAMOTO
PRESIDENT/CEO
- Total calculated
- $200,837
- From this org
- $177,692
- From related orgs
- $0
- Other
- $23,145
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,692
- Bonus
- $0
- Other
- $0
- Deferred
- $8,835
- Nontaxable benefits
- $14,310
- Filer's total
- $200,837
-
May MasunagaMAY MASUNAGA
CHIEF FINANCIAL OFFICER
- Total calculated
- $160,295
- From this org
- $140,830
- From related orgs
- $0
- Other
- $19,465
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,830
- Bonus
- $0
- Other
- $0
- Deferred
- $7,975
- Nontaxable benefits
- $11,490
- Filer's total
- $160,295
-
Michael SchremmerMICHAEL SCHREMMER
CHIEF OPERATIONS OFFICER
- Total calculated
- $125,908
- From this org
- $114,116
- From related orgs
- $0
- Other
- $11,792
- Hours/week
- 40
-
Judy FletcherJUDY FLETCHER
CHIEF LENDING OFFICER
- Total calculated
- $164,615
- From this org
- $155,880
- From related orgs
- $0
- Other
- $8,735
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,880
- Bonus
- $0
- Other
- $0
- Deferred
- $7,825
- Nontaxable benefits
- $910
- Filer's total
- $164,615
-
Ivor NewmanIVOR NEWMAN
PROGRAM DIRECTOR
- Total calculated
- $109,580
- From this org
- $104,362
- From related orgs
- $0
- Other
- $5,218
- 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
None.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349306833
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