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Nonprofiteer
← RENAISSANCE ENTREPRENEURSHIP CENTER

Form 990 for tax year 2023

Filed by RENAISSANCE ENTREPRENEURSHIP CENTER.

Totals

Total revenue
$7,685,266
Total expenses
$7,998,084
Contributions and grants received
$7,307,403
Grants paid
$6,000
Program service revenue
$368,164
Investment income
$446
Other revenue
$9,253
Total assets, end of year
$4,779,465
Total liabilities, end of year
$2,659,563
Net assets or fund balances, end of year
$2,119,902
Program services expenses (Part IX)
$6,073,637
Management and general expenses
$1,676,313
Fundraising expenses
$248,134
Program service expenses (Part III)
$6,073,637

Program services were 75.9% 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.

  • 1c · Fundraising events

    $314,533

  • 1e · Government grants (contributions)

    $3,958,357

  • 1f · All other contributions, gifts and grants

    $3,034,513

  • 1g · Noncash contributions included above

    $10,307

  • 2a · Program service revenue: Incubator Rent & Fees

    total $349,764 · related or exempt $349,764

  • 2b · Program service revenue: Tuition/Program fees

    total $18,400 · related or exempt $18,400

  • 3 · Investment income

    total $446 · excluded $446

  • 8a · Fundraising events: gross income

    $116,682

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

    $314,533

  • 8b · Fundraising events: direct expenses

    $116,682

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other income

    total $9,253 · excluded $9,253

  • 11e · Other revenue, total

    $9,253

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 5 · Compensation of officers, directors and key employees

    total $202,227 · program services $151,670 · management and general $20,223 · fundraising $30,334

  • 7 · Other salaries and wages

    total $3,143,269 · program services $2,341,700 · management and general $658,386 · fundraising $143,183

  • 8 · Pension plan contributions

    total $57,737 · program services $35,936 · management and general $18,119 · fundraising $3,682

  • 9 · Other employee benefits

    total $391,476 · program services $244,072 · management and general $122,145 · fundraising $25,259

  • 10 · Payroll taxes

    total $259,836 · program services $193,736 · management and general $52,513 · fundraising $13,587

  • 11c · Fees: accounting

    total $131,459 · management and general $131,459

  • 11g · Fees: other

    total $1,364,028 · program services $1,340,638 · management and general $12,740 · fundraising $10,650

  • 12 · Advertising and promotion

    total $17,885 · program services $16,919 · management and general $966

  • 13 · Office expenses

    total $83,950 · program services $24,357 · management and general $59,535 · fundraising $58

  • 14 · Information technology

    total $61,902 · program services $44,741 · management and general $8,541 · fundraising $8,620

  • 16 · Occupancy

    total $296,872 · program services $238,239 · management and general $58,633

  • 17 · Travel

    total $47,565 · program services $24,205 · management and general $22,809 · fundraising $551

  • 20 · Interest

    total $105,538 · program services $52,440 · management and general $53,098

  • 22 · Depreciation, depletion and amortization

    total $122,351 · program services $98,454 · management and general $20,612 · fundraising $3,285

  • 23 · Insurance

    total $52,279 · program services $2,165 · management and general $50,114

  • 24a · Other expenses: Assistance expense

    total $1,029,860 · program services $1,029,860

  • 24b · Other expenses: Equipment maintenance

    total $414,091 · program services $123,764 · management and general $290,202 · fundraising $125

  • 24c · Other expenses: Miscellaneous

    total $115,297 · program services $23,913 · management and general $82,584 · fundraising $8,800

  • 24d · Other expenses: Events

    total $75,415 · program services $72,088 · management and general $3,327

  • 24e · All other expenses

    total $19,047 · program services $8,740 · management and general $10,307

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,797,400 · end of year $601,471

  • 2 · Savings and temporary cash investments

    beginning of year $78,859 · end of year $245,243

  • 3 · Pledges and grants receivable

    beginning of year $1,652,091 · end of year $2,002,433

  • 4 · Accounts receivable

    beginning of year $15,275 · end of year $59,338

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,739 · end of year $53,372

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

    $3,800,929

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

    $2,289,967

  • 10c · Land, buildings and equipment, net

    beginning of year $1,609,026 · end of year $1,510,962

  • 15 · Other assets

    beginning of year $261,449 · end of year $306,646

  • 17 · Accounts payable and accrued expenses

    beginning of year $581,032 · end of year $608,474

  • 19 · Deferred revenue

    beginning of year $584,830 · end of year $68,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,637,589 · end of year $1,681,380

  • 25 · Other liabilities

    beginning of year $201,708 · end of year $301,709

  • 27 · Net assets without donor restrictions

    beginning of year $847,242 · end of year -$733,502

  • 28 · Net assets with donor restrictions

    beginning of year $1,573,438 · end of year $2,853,404

Mission and programs · 2023

Mission

Renaissance's mission is to transform lives and communities through entrepreneurship.

Activities or mission (Part I)

Renaissance Entrepreneurship Center ("Renaissance") means business. (Cont' Schedule O)

  • Renaissance Peninsula: In 2023, Renaissance Peninsula, which covers San Mateo, Santa Clara and Unincorporated Alameda Counties, served 1,380 individuals, 71% of whom were lower-income, 78% were people of color, and 70% were women. Our services had a mixture of online and in-person training. Our online training continues to be highly effective for clients who are skilled in using technology and have appropriate access to technology. We trained in technology basics (how to use Zoom, email, Google Classroom) and provided Chromebooks to individuals who rely solely on their phones for internet access. 759 businesses were served, and businesses received $1,580,635 in business capital.

    Expenses $2,711,078 · Revenue $32,620

  • Renaissance SoMa - South of Market, San Francisco: Home to Renaissance's Women's Business Center, a partnership with the U.S. Small Business Administration, and our largest entrepreneurial community - 20 small businesses and community-serving organizations. In 2023, Renaissance SoMa & WBC continued to expand our resources and outreach to support local entrepreneurs and small businesses. We hosted numerous online classes, workshops, and events focused on various aspects of business development. Our offerings included sessions on business planning, marketing strategies, financial management, bookkeeping best practices, management and operations, accessing capital, leveraging e-commerce and digital tools, as well as many networking opportunities.

    Expenses $1,432,119 · Revenue $297,144

  • Renaissance Bayview: In 2023, Renaissance continued to provide virtual and in-person business support services to aspiring and emerging entrepreneurs in Bayview Hunters Point, one of the most marginalized and under-resourced communities in the San Francisco Bay Area that was significantly impacted by the pandemic. Through our Contractors Initiative, Renaissance Bayview worked intensively with minority and women-owned small construction businesses, delivering training and mentoring support, while helping small business owners secure contracts that created quality jobs for residents in the community. We also provided business support services to brick-and-mortar retail businesses throughout the city with a primary focus on the diverse communities of Fillmore, Visitacion Valley and Bayview Hunters Point.

    Expenses $1,135,837 · Grants $6,000 · Revenue $36,900

  • Renaissance East Bay provided small business training, one-on-one consulting, and access to capital, networks and other resources in English and Spanish to traditionally underserved individuals in Alameda and Contra Costa counties with an emphasis on the cities of Richmond, Antioch, Oakland and Pittsburg. We engaged motivated emerging and established entrepreneurs from communities that lack small business investment, educational resources, and entrepreneurial histories, and face discrimination by race, gender, sexual orientation, economic class, or past incarceration. Our clients are 93% very-low-to-moderate income, 84% people of color, 77% women and 45% immigrants.

    Expenses $794,603 · Revenue $1,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alison Davis

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Craig Jacoby

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Melissa Boyd

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Karly Wang

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Meghan Butler

    Board Member (End 01/23)

    Total calculated
    $0
    Hours/week
    1

  • Gary Cookhorn

    Board Member (Start 07/23)

    Total calculated
    $0
    Hours/week
    1

  • Yasmin Eichmann Datta

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Emily Rose Frederiksen

    Board Member (End 01/23)

    Total calculated
    $0
    Hours/week
    1

  • Munish Ghandi

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heidi Gibson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Neal Gottlieb

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Vishal Karir

    Board Member (End 01/23)

    Total calculated
    $0
    Hours/week
    1

  • Philip Koblis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard McCline

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Goro Mitchell

    Board Member (End 10/23)

    Total calculated
    $0
    Hours/week
    1

  • Duncan Logan

    Board Member (End 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Sandor Straus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sharon Miller

    CEO

    Total calculated
    $202,227
    From this org
    $188,055
    From related orgs
    $0
    Other
    $14,172
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $188,055
    Bonus
    $0
    Other
    $0
    Deferred
    $2,262
    Nontaxable benefits
    $11,910
    Filer's total
    $202,227

  • Lisa Kirvin

    Managing Director

    Total calculated
    $149,843
    From this org
    $134,206
    From related orgs
    $0
    Other
    $15,637
    Hours/week
    35

  • Douglas House

    Finance Director

    Total calculated
    $130,883
    From this org
    $117,432
    From related orgs
    $0
    Other
    $13,451
    Hours/week
    35

  • Tim Russell

    Peninsula Regional Director

    Total calculated
    $135,467
    From this org
    $106,100
    From related orgs
    $0
    Other
    $29,367
    Hours/week
    35

  • Marcus Tartt

    Bayview Center Director

    Total calculated
    $118,424
    From this org
    $116,162
    From related orgs
    $0
    Other
    $2,262
    Hours/week
    35

  • Lucero DeLeon

    SoMa/WBC Director

    Total calculated
    $122,638
    From this org
    $112,909
    From related orgs
    $0
    Other
    $9,729
    Hours/week
    35

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 committee
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202402289349303070

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