Form 990 for tax year 2023

Totals

Total revenue

$2,662,388

Total expenses

$10,591,270

Contributions and grants received

$797,416

Grants paid

$2,379,899

Program service revenue

$1,365,465

Investment income

$425,084

Other revenue

$74,423

Total assets, end of year

$18,788,602

Total liabilities, end of year

$407,819

Net assets or fund balances, end of year

$18,380,783

Program services expenses (Part IX)

$9,944,866

Management and general expenses

$646,404

Fundraising expenses

$0

Program service expenses (Part III)

$9,944,866

Program services were 93.9% 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.

Mission and programs · 2023

• CETF entered into Memoranda of Understanding (MOU) with Internet Service Providers (ISPs) Frontier Communications, Inc. (2015) and Charter Communications, Inc. (2016) to implement public benefits as a result of corporate consolidations. In addition to supporting and monitoring fulfillment of the MOU public benefit obligations by these ISPs, CETF managed $3 million in charitable funds from Frontier to achieve new broadband adoptions by low-income households in their service areas. CETF also received $32.5million ($6.5 million per year) from Charter through 2021 to continue core mission organizational operations and support School2Home and other digital inclusion programs in their service areas. In 2019, CETF entered into a MOU with T-Mobile in conjunction with their acquisition of Sprint which became effective in April 2020 when the transaction was approved by the CPUC. CETF has received $35 million from T-Mobile ($7 million per year) through 2024 for core mission and to implement School2Home and digital inclusion programs in their statewide service area.

  Expenses $8,642,912 · Grants $2,379,899

• CETF was engaged by the City of San Jose through action by the City Council in February 2019 to manage approximately $24 million over 10 years for digital inclusion grants to non-profit communitybased organizations and public agencies. In February 2022, the City of San Jose revised its projection downward to approximately $8 million in digital inclusion grants. The CETF Board of Directors required a review of the contract with the City of San Jose after three years. The City of San Jose and CETF agreed to transition management of the program back to the city with a conclusion of the contract on September 30, 2023. CETF transferred remaining managed funds to the San Jose Public Library Foundation.

  Expenses $53,141

• The CETF Board of Directors has adopted a 3-Year Strategic Plan for FY22-23 through FY24-25 which emphasizes 3 Overall Goals: Ubiquitous Deployment; Universal Adoption; and Deep Institutionalization. The incorporation of digital inclusion practices into all public agencies and major organizations serving low-income households and other disadvantaged populations is referred to as "Institutionalization" so that Digital Equity is "rooted" into organizational culture. To fulfill this Goal, CETF is pursuing partnerships with Public Agencies as a preferred high-performing vendor.

  Expenses $1,248,813 · Revenue $1,365,465

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

Listed in Part VII

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

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

• AGIF Education Foundation of Santa Maria

  $1,153,170

  To support programs that increase broadband awareness and adoption

• FCC ACP Outreach Grants (multiple CBOs)

  $190,264

  To support programs that increase broadband awareness and adoption

• San Diego Association Of Governments

  $100,000

  To support programs that increase broadband awareness and adoption

• Southern California Association Of Governments

  $100,000

  To support programs that increase broadband awareness and adoption

• California State Association of Counties

  $100,000

  To support programs that increase broadband awareness and adoption

• Monterey Bay Economic Partnership

  $100,000

  To support programs that increase broadband awareness and adoption

• CalPoly Humboldt

  $100,000

  To support programs that increase broadband awareness and adoption

• La Deal

  $100,000

  To support programs that increase broadband awareness and adoption

• CSU Fresno Foundation

  $52,180

  To support programs that increase broadband awareness and adoption

• WiConduit

  $50,000

  To support programs that increase broadband awareness and adoption

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

Provenance

Return type

form_990

Tax year

2023

Filed

22 November 2024

IRS schema version

2023v5.1

Source object

202413379349300541

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.