Totals
- Total revenue
- $3,152,963
- Total expenses
- $2,755,548
- Contributions and grants received
- $3,110,597
- Grants paid
- $199,753
- Program service revenue
- $0
- Investment income
- $42,322
- Other revenue
- $44
- Total assets, end of year
- $3,265,806
- Total liabilities, end of year
- $56,546
- Net assets or fund balances, end of year
- $3,209,260
- Program services expenses (Part IX)
- $1,939,758
- Management and general expenses
- $561,264
- Fundraising expenses
- $254,526
- Program service expenses (Part III)
- $1,939,758
Program services were 70.4% 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)
$147,320
-
1f · All other contributions, gifts and grants
$2,963,277
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $59,092 · related or exempt $0 · unrelated business $0 · excluded $59,092
-
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 $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $16,770
-
7c · Gain or loss
securities $0 · other assets -$16,770
-
7d · Net gain or loss
total -$16,770 · related or exempt -$16,770 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $44 · related or exempt $44 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$44
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $150,566 · program services $150,566
-
3 · Grants to foreign organizations and individuals
total $49,187 · program services $49,187
-
5 · Compensation of officers, directors and key employees
total $228,602 · program services $105,158 · management and general $77,724 · fundraising $45,720
-
7 · Other salaries and wages
total $540,594 · program services $248,673 · management and general $183,802 · fundraising $108,119
-
9 · Other employee benefits
total $21,485 · program services $9,845 · management and general $7,865 · fundraising $3,775
-
10 · Payroll taxes
total $62,018 · program services $28,529 · management and general $21,086 · fundraising $12,403
-
11b · Fees: legal
total $38,112 · program services $15,196 · management and general $22,916
-
11c · Fees: accounting
total $58,340 · program services $6,438 · management and general $51,902
-
11e · Fees: professional fundraising services
total $24,000 · fundraising $24,000
-
11g · Fees: other
total $1,317,053 · program services $1,187,218 · management and general $120,824 · fundraising $9,011
-
12 · Advertising and promotion
total $67,380 · program services $47,172 · management and general $20 · fundraising $20,188
-
13 · Office expenses
total $12,424 · program services $7,973 · management and general $701 · fundraising $3,750
-
14 · Information technology
total $84,801 · program services $52,013 · management and general $32,584 · fundraising $204
-
17 · Travel
total $32,836 · program services $17,728 · management and general $759 · fundraising $14,349
-
19 · Conferences, conventions and meetings
total $5,378 · program services $1,069 · management and general $2,009 · fundraising $2,300
-
23 · Insurance
total $21,237 · management and general $21,237
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $34,730 · program services $12,963 · management and general $11,159 · fundraising $10,608
-
24b · Other expenses: OTHER RELATED EXPENSES
total $6,805 · program services $30 · management and general $6,676 · fundraising $99
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,333,655 · end of year $835,438
-
2 · Savings and temporary cash investments
end of year $65,941
-
4 · Accounts receivable
beginning of year $100,000 · end of year $100,000
-
11 · Investments: publicly traded securities
beginning of year $81,530 · end of year $2,258,722
-
12 · Investments: other securities
beginning of year $4,940 · end of year $5,705
-
17 · Accounts payable and accrued expenses
beginning of year $105,172 · end of year $56,546
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,414,953 · end of year $2,646,760
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $562,500
Mission and programs · 2023
Mission
TO CONNECT UNDERREPRESENTED YOUNG ADULT ENTREPRENEURS WITH ONE-ON-ONE SUPPORT, INCLUDING FROM VOLUNTEER BUSINESS MENTORS, AS WELL AS PROVIDE TAILORED ENTREPRENEURSHIP TRAINING AND BUSINESS FUNDING OPPORTUNITIES.
Activities or mission (Part I)
TO HELP UNDERREPRESENTED ENTREPRENEURS PLAN, LAUNCH AND GROW BUSINESSES THROUGH ONE-ON-ONE MENTORING, TRAINING, AND ACCESS TO CAPITAL.
-
OUR INTEGRATED CORE PROGRAM CONNECTS UNDERREPRESENTED YOUNG ENTREPRENEURS WITH TRAINING, FUNDING, AND A COMMUNITY OF THEIR PEERS & VOLUNTEER PROFESSIONALS ON OUR SKYSTHELIMIT.ORG DIGITAL PLATFORM. OUR ENTREPRENEURS ARE BETWEEN THE AGES OF 18 AND 29 AND ARE MEMBERS OF UNDERREPRESENTED GROUPS, PRIMARILY LOW-INCOME, PEOPLE OF COLOR, AND/OR WOMEN. OUR VOLUNTEER MENTORS ARE PROFESSIONALS FROM LEADING CORPORATIONS AS WELL AS OWNERS AND OPERATORS FROM THE SMALL BUSINESS COMMUNITY. OUR TEAM LEVERAGES OUR PLATFORM TO RECRUIT, SCREEN, TRAIN, MATCH, EVALUATE, AND SUPPORT YOUNG ENTREPRENEURS AND VOLUNTEER BUSINESS ADVISORS & MENTORS AT SCALE. OUR INNOVATIVE STARTUP GRANT PROGRAM AWARDS SMALL GRANTS TO YOUNG ENTREPRENEURS FOR THEIR BUSINESS LAUNCH EXPENSES.
Expenses $1,939,758 · Grants $199,753
As filed on the 2023 return.
Listed in Part VII
-
William Bo GhirardelliWILLIAM BO GHIRARDELLI
CEO, PRESIDENT
- Total calculated
- $180,421
- From this org
- $180,421
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,421
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $180,421
-
Laura PlatoLAURA PLATO
HIGHEST COMPENSATED EMPLOYEE
- Total calculated
- $173,076
- From this org
- $173,076
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Erin HalleyERIN HALLEY
HIGHEST COMPENSATED EMPLOYEE
- Total calculated
- $128,795
- From this org
- $128,795
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Lauren ChinLAUREN CHIN
HIGHEST COMPENSATED EMPLOYEE
- Total calculated
- $101,350
- From this org
- $101,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Joel HigaJOEL HIGA
SECRETARY
- Total calculated
- $48,180
- From this org
- $48,180
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nicolas CaryNICOLAS CARY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Bradford SmithBRADFORD SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John DownieJOHN DOWNIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aubrey FlynnAUBREY FLYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Omar HajjiOMAR HAJJI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fabio RosatiFABIO ROSATI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brianna WilliamsBRIANNA WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick WadeRICK WADE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clif MarriottCLIF MARRIOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle ParsonsMICHELLE PARSONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George MestreGEORGE MESTRE
BOARD MEMBER
- 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. 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
- 3 · Compensation survey or study
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
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423189349301417
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.