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Nonprofiteer
← CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY

Form 990 for tax year 2022

Filed by CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY.

Totals

Total revenue
$3,836,904
Total expenses
$1,735,688
Contributions and grants received
$3,301,710
Grants paid
$205,500
Program service revenue
$534,991
Investment income
$203
Other revenue
$0
Total assets, end of year
$4,592,387
Total liabilities, end of year
$825,879
Net assets or fund balances, end of year
$3,766,508
Program services expenses (Part IX)
$1,148,069
Management and general expenses
$412,548
Fundraising expenses
$175,071
Program service expenses (Part III)
$1,148,069

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.

  • 1e · Government grants (contributions)

    $407,455

  • 1f · All other contributions, gifts and grants

    $2,894,255

  • 2a · Program service revenue: Membership dues

    total $45,850 · related or exempt $45,850

  • 2b · Program service revenue: Program fees

    total $489,141 · related or exempt $489,141

  • 3 · Investment income

    total $203 · excluded $203

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $205,500 · program services $205,500

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $189,415 · program services $142,061 · management and general $24,624 · fundraising $22,730

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $533,184 · program services $364,502 · management and general $90,546 · fundraising $78,136

  • 8 · Pension plan contributions

    total $18,321 · program services $12,454 · management and general $3,154 · fundraising $2,713

  • 9 · Other employee benefits

    total $12,882 · program services $8,644 · management and general $2,285 · fundraising $1,953

  • 10 · Payroll taxes

    total $52,722 · program services $36,906 · management and general $8,435 · fundraising $7,381

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $13,520 · program services $9,464 · management and general $2,163 · fundraising $1,893

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $302,679 · program services $211,875 · management and general $48,429 · fundraising $42,375

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $7,806 · program services $5,592 · management and general $1,278 · fundraising $936

  • 14 · Information technology

    total $72,019 · program services $68,564 · management and general $2,420 · fundraising $1,035

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $49,034 · program services $34,324 · management and general $7,845 · fundraising $6,865

  • 17 · Travel

    total $25,075 · program services $19,579 · management and general $641 · fundraising $4,855

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $9,246 · program services $7,381 · management and general $656 · fundraising $1,209

  • 20 · Interest

    total $10,042 · program services $10,042

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $9,263 · program services $6,484 · management and general $1,482 · fundraising $1,297

  • 24a · Other expenses: Fiscal Sponsorship

    total $216,656 · management and general $216,656

  • 24b · Other expenses: Dues and other charges

    total $8,324 · program services $4,697 · management and general $1,934 · fundraising $1,693

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,651,594 · end of year $2,691,835

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $166,621 · end of year $1,372,311

  • 4 · Accounts receivable

    end of year $57,749

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $462,595 · end of year $444,677

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,612 · end of year $11,665

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

    $9,977

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

    $9,977

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,508 · end of year $14,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,888 · end of year $141,232

  • 18 · Grants payable

    end of year $159,605

  • 19 · Deferred revenue

    beginning of year $7,750 · end of year $13,400

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    end of year $11,642

  • 27 · Net assets without donor restrictions

    beginning of year $1,201,942 · end of year $1,573,512

  • 28 · Net assets with donor restrictions

    beginning of year $463,350 · end of year $2,192,996

Mission and programs · 2022

Mission

To grow a thriving ecosystem of support for underserved entrepreneurs where all entrepreneurs have access to the resources they need to suceed, creating family economic mobility and community prosperity.

  • California Association for Microenterprise Opportunity (CAMEO) is an association of 400 organizations, agencies, and individuals that served almost 200,000 very small businesses during 2022. CAMEO builds the capacity of the industry since 1993 and increases opportunities and resources for member organizations as well as low-income communities through entrepreneurship. CAMEO's capacity building programs continue to be a major driver for growth through the CAMEO Academy and the CDFI Incubator. CAMEO also expands resources, fosters ecosystems and advocates for public policies that support the business sector and builds public awareness of its economic impacts. CAMEO's services increase the ability of its robust member network of nonprofits - providing business advising, training, coaching and micro and small business loans- to advance the creation and growth of thriving small businesses in underserved communities.

    Expenses $1,148,069 · Grants $205,500 · Revenue $534,991

As filed on the 2022 return.

Listed in Part VII

  • Carolina Martinez

    CEO

    Total calculated
    $189,415
    From this org
    $174,533
    From related orgs
    $0
    Other
    $14,882
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $174,533
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,409
    Nontaxable benefits
    $7,473
    Filer's total
    $189,415

  • Heidi Pickman

    VP Programs

    Total calculated
    $143,835
    From this org
    $126,853
    From related orgs
    $0
    Other
    $16,982
    Hours/week
    35

  • Emily Gasner

    VP Strategic Init.

    Total calculated
    $106,834
    From this org
    $105,251
    From related orgs
    $0
    Other
    $1,583
    Hours/week
    30

  • Jesse Torres

    President

    Total calculated
    $0
    Hours/week
    2

  • Yery Olivares

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Mark Herbert

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Horacio Mendez

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Carmen Herrera-Mansir

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Baldev Birk

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Juan Aquino

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Naima McQueen

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Nancy Swift

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Vikita Poindexter

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Randi Zeller

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Joshua Danielson

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Julian Canete

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Kristin Johnson

    At Large

    Total calculated
    $0
    Hours/week
    1

  • Louis Caditz-Peck

    At Large

    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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313059349302851

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