Totals
- Total revenue
- $6,663,281
- Total expenses
- $4,401,992
- Contributions and grants received
- $6,386,491
- Grants paid
- $0
- Program service revenue
- $271,665
- Investment income
- $0
- Other revenue
- $5,125
- Total assets, end of year
- $19,371,300
- Total liabilities, end of year
- $6,392,811
- Net assets or fund balances, end of year
- $12,978,489
- Program services expenses (Part IX)
- $3,512,278
- Management and general expenses
- $261,457
- Fundraising expenses
- $628,257
- Program service expenses (Part III)
- $3,512,278
Program services were 79.8% 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.
-
1f · All other contributions, gifts and grants
$6,386,491
-
1g · Noncash contributions included above
$1,104
-
2a · Program service revenue: PROGRAM RELATED INVEST
total $271,665 · related or exempt $271,665
-
11a · Other revenue: OTHER INCOME
total $5,125 · related or exempt $5,125
-
11e · Other revenue, total
$5,125
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $844,222 · program services $633,783 · management and general $44,060 · fundraising $166,379
-
7 · Other salaries and wages
total $1,456,428 · program services $1,092,321 · management and general $72,821 · fundraising $291,286
-
8 · Pension plan contributions
total $115,939 · program services $88,114 · management and general $9,275 · fundraising $18,550
-
9 · Other employee benefits
total $235,900 · program services $179,284 · management and general $18,872 · fundraising $37,744
-
10 · Payroll taxes
total $151,608 · program services $115,222 · management and general $12,129 · fundraising $24,257
-
11b · Fees: legal
total $24,313 · program services $21,882 · management and general $2,431
-
11c · Fees: accounting
total $76,435 · program services $7,643 · management and general $61,148 · fundraising $7,644
-
11g · Fees: other
total $182,043 · program services $163,479 · management and general $18,564
-
12 · Advertising and promotion
total $40,484 · program services $28,248 · management and general $181 · fundraising $12,055
-
13 · Office expenses
total $238,869 · program services $221,169 · management and general $8,291 · fundraising $9,409
-
14 · Information technology
total $29,957 · program services $21,933 · management and general $3,407 · fundraising $4,617
-
16 · Occupancy
total $82,621 · program services $62,792 · management and general $6,610 · fundraising $13,219
-
17 · Travel
total $32,141 · program services $22,499 · fundraising $9,642
-
19 · Conferences, conventions and meetings
total $31,073 · program services $21,751 · fundraising $9,322
-
20 · Interest
total $758,120 · program services $758,120
-
23 · Insurance
total $16,494 · program services $12,535 · management and general $1,320 · fundraising $2,639
-
24a · Other expenses: EVENT COSTS
total $55,991 · program services $39,194 · fundraising $16,797
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $29,354 · program services $22,309 · management and general $2,348 · fundraising $4,697
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $187,802 · end of year $3,184,070
-
2 · Savings and temporary cash investments
beginning of year $7,417,033 · end of year $5,115,683
-
3 · Pledges and grants receivable
beginning of year $136,166 · end of year $710,373
-
9 · Prepaid expenses and deferred charges
beginning of year $10,098 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$58,878
-
10b · Land, buildings and equipment: accumulated depreciation
$58,878
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $1,080
-
13 · Investments: program-related
beginning of year $8,273,064 · end of year $10,197,738
-
14 · Intangible assets
beginning of year $0 · end of year $53,835
-
15 · Other assets
beginning of year $114,958 · end of year $108,521
-
17 · Accounts payable and accrued expenses
beginning of year $206,406 · end of year $392,811
-
24 · Unsecured notes and loans payable
beginning of year $5,300,000 · end of year $6,000,000
-
27 · Net assets without donor restrictions
beginning of year $8,757,715 · end of year $10,349,827
-
28 · Net assets with donor restrictions
beginning of year $1,875,000 · end of year $2,628,662
Mission and programs · 2022
Mission
ICA ACCELERATES GREAT BUSINESSES THROUGH MENTORSHIP AND INVESTMENTS TO CLOSE THE RACIAL AND GENDER WEALTH GAPS. THIS CORPORATION PROVIDES COACHING, CONNECTIONS, AND CAPITAL TO THE ENTREPRENEURS IN THE NINE-COUNTY SAN FRANCISCO BAY AREA. THIS CORPORATION WORKS WITH LOW-INCOME ENTREPRENEURS, ENTREPRENEURS OF COLOR, WOMEN ENTREPRENEURS, AND ENTREPRENEURS WHO HAVE BEEN UNABLE TO ACCESS CAPITAL AND BUSINESS SERVICES SO THAT THEY CAN GROW THEIR BUSINESSES, CREATE GOOD JOBS, AND BUILD WEALTH FOR THEMSELVES AND THEIR WORKERS. THIS CORPORATION WILL ALSO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH ITS PURPOSE AS ALLOWED BY LAW.
Activities or mission (Part I)
PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES.
-
1 NEW CONVERTIBLE LOAN, 4 NEW WORKING CAPITAL LOAN, 9 NEW IMPACT NOTES DEPLOYED TO SMALL BUSINESS.
Expenses $1,787,813
-
75 ENTREPRENEURS SERVED THROUGH EDUCATION OFFERINGS.
Expenses $1,724,465
-
193.3 HOURS OF ADVISING HOURS PROVIDED TO SMALL BUSINESSES.
Revenue $276,790
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jack RussiJACK RUSSI
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jim HarrisJIM HARRIS
CO-CHAIR, INVESTMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jim KingJIM KING
DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dennis GreenDENNIS GREEN
AUDIT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Wilbur HobbsWILBUR HOBBS
TREASURER, FINANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Justina LaiJUSTINA LAI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Al De AlmeidaAL DE ALMEIDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sean Daniel MurphySEAN DANIEL MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Don ReinkeDON REINKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mona MasriMONA MASRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sahra HalpernSAHRA HALPERN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Penina GoodmanPENINA GOODMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nicole AuyangNICOLE AUYANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Conchita TuckerCONCHITA TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Allison KellyALLISON KELLY
CHIEF EXECUTIVE OFFICER
- Total calculated
- $275,306
- From this org
- $268,853
- From related orgs
- $0
- Other
- $6,453
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,853
- Bonus
- $40,000
- Other
- $0
- Deferred
- $6,125
- Nontaxable benefits
- $328
- Filer's total
- $275,306
-
John GoughJOHN GOUGH
CHIEF INVESTMENT OFFICER
- Total calculated
- $262,047
- From this org
- $233,281
- From related orgs
- $0
- Other
- $28,766
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,241
- Bonus
- $33,040
- Other
- $0
- Deferred
- $7,007
- Nontaxable benefits
- $21,759
- Filer's total
- $262,047
-
Dianna TremblayDIANNA TREMBLAY
CHIEF PROGRAM OFFICER
- Total calculated
- $216,019
- From this org
- $198,050
- From related orgs
- $0
- Other
- $17,969
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,000
- Bonus
- $28,050
- Other
- $0
- Deferred
- $2,200
- Nontaxable benefits
- $15,769
- Filer's total
- $216,019
-
Dennise EstradaDENNISE ESTRADA
VP OF FIN & ADMIN (STARTING 8/1/22)
- Total calculated
- $90,849
- From this org
- $82,403
- From related orgs
- $0
- Other
- $8,446
- Hours/week
- 40
-
Daniel LeeDANIEL LEE
VP OF FIN. AND OPER. (THRU 9/3/22)
- Total calculated
- $185,767
- From this org
- $161,472
- From related orgs
- $0
- Other
- $24,295
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,472
- Bonus
- $15,000
- Other
- $0
- Deferred
- $7,296
- Nontaxable benefits
- $16,999
- Filer's total
- $185,767
-
Yui UenoYUI UENO
SENIOR DIRECTOR OF INVESTMENT
- Total calculated
- $157,788
- From this org
- $141,388
- From related orgs
- $0
- Other
- $16,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,522
- Bonus
- $13,866
- Other
- $0
- Deferred
- $5,742
- Nontaxable benefits
- $10,658
- Filer's total
- $157,788
-
Caron Gugssa-HowardCARON GUGSSA-HOWARD
DIR OF INVESTMENT & PORTFOLIO MGMT
- Total calculated
- $123,097
- From this org
- $103,792
- From related orgs
- $0
- Other
- $19,305
- Hours/week
- 40
-
Erica DixonERICA DIXON
MARKETING MANAGER
- Total calculated
- $119,508
- From this org
- $107,544
- From related orgs
- $0
- Other
- $11,964
- Hours/week
- 40
-
Lovely AbordoLOVELY ABORDO
FINANCIAL ANALYST
- Total calculated
- $111,292
- From this org
- $100,027
- From related orgs
- $0
- Other
- $11,265
- 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
- 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
- 2022
- Filed
- 31 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322449349300332
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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