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← ALLIANCE FOR COMMUNITY DEVELOPMENT OF THE SAN FRANCISCO BAY AREA

Form 990 for tax year 2022

Filed by ALLIANCE FOR COMMUNITY DEVELOPMENT OF THE SAN FRANCISCO BAY AREA.

Totals

Total revenue
$679,586
Total expenses
$792,349
Contributions and grants received
$258,942
Grants paid
$85,690
Program service revenue
$21,450
Investment income
$375,180
Other revenue
$24,014
Total assets, end of year
$5,538,516
Total liabilities, end of year
$2,820
Net assets or fund balances, end of year
$5,535,696
Program services expenses (Part IX)
$523,681
Management and general expenses
$162,113
Fundraising expenses
$106,555
Program service expenses (Part III)
$523,681

Program services were 66.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $258,942

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: TECHNICAL ASSISTANCE

    total $21,000 · related or exempt $21,000 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: ANNUAL CONFERENCE

    total $450 · related or exempt $450 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $115,650 · related or exempt $0 · unrelated business $0 · excluded $115,650

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,284,640 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $1,025,110 · other assets $0

  • 7c · Gain or loss

    securities $259,530 · other assets $0

  • 7d · Net gain or loss

    total $259,530 · related or exempt $259,530 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: FISCAL SPONSORSHIP SERVICES

    total $19,314 · related or exempt $19,314 · unrelated business $0 · excluded $0

  • 11b · Other revenue: OFFICE RENTAL INCOME

    total $4,700 · related or exempt $4,700 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $24,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,652 · program services $63,652

  • 2 · Grants to domestic individuals

    total $22,038 · program services $22,038

  • 5 · Compensation of officers, directors and key employees

    total $114,167 · program services $62,792 · management and general $26,258 · fundraising $25,117

  • 7 · Other salaries and wages

    total $285,356 · program services $156,946 · management and general $65,632 · fundraising $62,778

  • 8 · Pension plan contributions

    total $14,545 · program services $8,000 · management and general $3,345 · fundraising $3,200

  • 9 · Other employee benefits

    total $38,392 · program services $21,116 · management and general $8,830 · fundraising $8,446

  • 10 · Payroll taxes

    total $30,764 · program services $16,920 · management and general $7,076 · fundraising $6,768

  • 11c · Fees: accounting

    total $7,740 · management and general $7,740

  • 11g · Fees: other

    total $163,279 · program services $140,320 · management and general $22,821 · fundraising $138

  • 12 · Advertising and promotion

    total $833 · management and general $833

  • 13 · Office expenses

    total $10,074 · program services $3,917 · management and general $6,049 · fundraising $108

  • 14 · Information technology

    total $21,509 · program services $14,253 · management and general $7,256

  • 16 · Occupancy

    total $2,666 · program services $318 · management and general $2,348

  • 17 · Travel

    total $8,935 · program services $7,504 · management and general $1,431

  • 19 · Conferences, conventions and meetings

    total $192 · program services $174 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $2,183 · management and general $2,183

  • 23 · Insurance

    total $293 · management and general $293

  • 24a · Other expenses: ANNUAL CONFERENCE

    total $5,731 · program services $5,731 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,851 · end of year $41,860

  • 2 · Savings and temporary cash investments

    beginning of year $6,995 · end of year $6,996

  • 4 · Accounts receivable

    end of year $37,800

  • 9 · Prepaid expenses and deferred charges

    end of year $1,500

  • 10a · Land, buildings and equipment: cost or other basis

    $8,579

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,896

  • 10c · Land, buildings and equipment, net

    beginning of year $1,366 · end of year $683

  • 11 · Investments: publicly traded securities

    beginning of year $6,663,977 · end of year $4,627,432

  • 12 · Investments: other securities

    beginning of year $755,847 · end of year $822,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,006 · end of year $2,820

  • 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 $7,495,030 · end of year $5,535,696

Mission and programs · 2022

Mission

THE ALLIANCE FOR COMMUNITY DEVELOPMENT IS DEDICATED TO INCREASING ACCESS TO CAPITAL FOR UNDERREPRESENTED ENTREPRENEURS INCLUDING BUT NOT LIMITED TO WOMEN, PEOPLE OF COLOR, AND VETERANS.

Activities or mission (Part I)

DEDICATED TO INCREASING ACCESS TO CAPITAL FOR UNDERREPRESENTED ENTREPRENEURS INCLUDING BUT NOT LIMITED TO WOMEN, PEOPLE OF COLOR, AND VETERANS.

  • GENERAL PROGRAM - THE ALLIANCE INCREASES ACCESS TO CAPITAL FOR DIVERSE BAY AREA ENTREPRENEURS IN TWO WAYS. (1) THE BAY AREA CAPITAL CONNECTIONS (BACC) CONFERENCE - AT EACH BAY AREA CAPITAL CONNECTIONS CONFERENCE (BACC), WE CONNECT KEY STAKEHOLDERS IN OUR ENTREPRENEURSHIP ECOSYSTEM (INVESTORS, TRAINERS, MENTORS, AND DECISION-MAKERS), DIVERSE ENTREPRENEURS, AND COMMUNITY LEADERS FROM ALL OVER THE BAY AREA. WITH APPROXIMATELY 200 ATTENDEES, POWERFUL FEATURED ENTREPRENEUR SPEAKERS, INFLUENTIAL KEYNOTE SPEAKERS, AND INTERACTIVE BREAKOUT SESSIONS, WE CONVENE THE BAY AREA ENTREPRENEURSHIP ECOSYSTEM AND INCREASE ACCESS TO ALL SOURCES OF CAPITAL (FINANCIAL, SOCIAL, HUMAN, INTELLECTUAL AND CULTURAL) FOR ALL BAY AREA ENTREPRENEURS. EACH YEAR, WE ARE FOCUSED ON GENERATING VALUES-ALIGNED BUSINESS OPPORTUNITIES FOR ALL. (2) BAY AREA ENTREPRENEURIAL ECOSYSTEM RESOURCE NAVIGATION - NAVIGATION WAS CREATED TO PROVIDE ENTREPRENEURS WITH INDIVIDUALIZED, ONE-ON-ONE SUPPORT TO HELP THEM CLARIFY THEIR GOALS, THEIR CHALLENGES, AND THEIR NEXT STEPS. EACH ENTREPRENEUR RECEIVES AN INDIVIDUAL SESSION, A 'RESOURCE ROADMAP' OF ECOSYSTEM PARTNERS AND PROGRAMS BEST FIT FOR THEIR JOURNEY BASED ON THEIR GOALS, AND A SET OF WARM INTRODUCTIONS TO OTHER ORGANIZATIONS, INDIVIDUALS, OR FUNDERS. ALLIANCE ALSO FOLLOWS UP WITH EACH ENTREPRENEUR TO TRACK THEIR PROGRESS AND PROVIDE CONTINUOUS SUPPORT. WE HAVE OPERATED AS A CONCIERGE SERVICE CONNECTING ENTREPRENEURS TO THE PEOPLE, ORGANIZATIONS, AND INFORMATION THAT THEY NEED; AND INCREASINGLY WE ARE PROVIDING HANDS-ON TECHNICAL ASSISTANCE TO SUPPORT ENTREPRENEURS THROUGH LENGTHY APPLICATION PROCESSES.

    Expenses $523,681 · Grants $85,690 · Revenue $21,450

As filed on the 2022 return.

Listed in Part VII

  • Naima McQueen

    EXECUTIVE DIRECTOR

    Total calculated
    $114,167
    From this org
    $114,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael A Gunning

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • James Hurd Nixon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dennis Wong Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Y A Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410469349300031

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