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← RENAISSANCE ENTREPRENEURSHIP CENTER

Form 990 for tax year 2024

Filed by RENAISSANCE ENTREPRENEURSHIP CENTER.

Totals

Total revenue
$6,890,612
Total expenses
$7,821,400
Contributions and grants received
$6,461,548
Grants paid
$12,000
Program service revenue
$351,705
Investment income
$5,837
Other revenue
$71,522
Total assets, end of year
$4,487,674
Total liabilities, end of year
$3,298,560
Net assets or fund balances, end of year
$1,189,114
Program services expenses (Part IX)
$5,807,179
Management and general expenses
$1,642,766
Fundraising expenses
$371,455
Program service expenses (Part III)
$5,807,179

Program services were 74.2% 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

    $311,229

  • 1e · Government grants (contributions)

    $3,988,374

  • 1f · All other contributions, gifts and grants

    $2,161,945

  • 1g · Noncash contributions included above

    $7,487

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

    total $334,083 · related or exempt $334,083

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

    total $17,622 · related or exempt $17,622

  • 3 · Investment income

    total $5,837 · excluded $5,837

  • 8a · Fundraising events: gross income

    $136,885

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

    $311,229

  • 8b · Fundraising events: direct expenses

    $136,885

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other income

    total $71,522 · excluded $71,522

  • 11e · Other revenue, total

    $71,522

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $233,686 · program services $81,790 · management and general $58,422 · fundraising $93,474

  • 7 · Other salaries and wages

    total $3,818,560 · program services $2,881,864 · management and general $749,229 · fundraising $187,467

  • 9 · Other employee benefits

    total $486,187 · program services $369,845 · management and general $94,831 · fundraising $21,511

  • 10 · Payroll taxes

    total $308,512 · program services $233,911 · management and general $53,137 · fundraising $21,464

  • 11c · Fees: accounting

    total $60,834 · management and general $60,834

  • 11g · Fees: other

    total $1,185,914 · program services $1,162,025 · management and general $7,944 · fundraising $15,945

  • 12 · Advertising and promotion

    total $8,724 · program services $8,575 · management and general $149

  • 13 · Office expenses

    total $49,830 · program services $48,467 · management and general $1,363

  • 14 · Information technology

    total $124,013 · program services $69,161 · management and general $46,332 · fundraising $8,520

  • 16 · Occupancy

    total $510,062 · program services $234,046 · management and general $276,016

  • 17 · Travel

    total $36,850 · program services $31,650 · management and general $4,794 · fundraising $406

  • 20 · Interest

    total $105,073 · program services $1,145 · management and general $103,928

  • 22 · Depreciation, depletion and amortization

    total $129,772 · program services $98,300 · management and general $28,223 · fundraising $3,249

  • 23 · Insurance

    total $39,304 · management and general $39,304

  • 24a · Other expenses: Assistance expense

    total $289,515 · program services $280,759 · management and general $354 · fundraising $8,402

  • 24b · Other expenses: Equipment maintenance

    total $257,700 · program services $141,766 · management and general $115,434 · fundraising $500

  • 24c · Other expenses: Events

    total $115,959 · program services $113,210 · management and general $2,472 · fundraising $277

  • 24d · Other expenses: Miscellaneous

    total $41,418 · program services $34,025 · fundraising $7,393

  • 24e · All other expenses

    total $7,487 · program services $4,640 · fundraising $2,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $601,471 · end of year $191,074

  • 2 · Savings and temporary cash investments

    beginning of year $245,243 · end of year $226,283

  • 3 · Pledges and grants receivable

    beginning of year $2,002,433 · end of year $1,917,513

  • 4 · Accounts receivable

    beginning of year $59,338 · end of year $369,616

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,372 · end of year $66,907

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

    $3,897,462

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

    $2,419,739

  • 10c · Land, buildings and equipment, net

    beginning of year $1,510,962 · end of year $1,477,723

  • 15 · Other assets

    beginning of year $306,646 · end of year $238,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $608,474 · end of year $552,421

  • 19 · Deferred revenue

    beginning of year $68,000 · end of year $448,144

  • 23 · Secured mortgages and notes payable

    beginning of year $1,681,380 · end of year $2,077,816

  • 25 · Other liabilities

    beginning of year $301,709 · end of year $220,179

  • 27 · Net assets without donor restrictions

    beginning of year $947,403 · end of year $983,914

  • 28 · Net assets with donor restrictions

    beginning of year $1,172,499 · end of year $205,200

Mission and programs · 2024

Mission

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

Activities or mission (Part I)

Renaissance Entrepreneurship Center ("Renaissance") means business. For 40 years, Renaissance has used the power of entrepreneurship to help people facing systemic barriers to economic mobility achieve financial self-sufficiency through entrepreneurship. Renaissance's work changes lives by helping people take ownership of their futures. Locally focused, community-driven, and highly personalized, Renaissance has a long working history in each distinct community it serves, and a compassionate understanding of the needs, skills, challenges, and dreams each individual brings to the table. Renaissance engages motivated entrepreneurs wherever their skills and aspirations meet. Many come from communities that lack small business investment, educational resources, and entrepreneurial histories.

  • Renaissance Peninsula: In 2024, Renaissance Peninsula, which includes San Mateo, Santa Clara, and Unincorporated Alameda Counties, served 898 individuals, 73% of whom were lower-income. Our services included 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. 323 businesses were served, and businesses received $403K in business capital.

    Expenses $3,068,944 · Revenue $37,020

  • Renaissance SoMa (South of Market San Francisco) was our largest San Francisco hub for entrepreneurs and is home to the Women's Business Center (WBC) in partnership with the USSBA. In 2024, SoMa and the WBC served 442 small businesses. Services included 1,239 hours of one-on-one advising, 172 workshops and courses on business planning, financial management, bookkeeping, operations, and management, with specialized trainings for starting a food business, launching a childcare business, and navigating contracting and procurement. We also offered sessions in digital marketing, e-commerce, AI, technology integration, and access to capital. Our low-to-no-cost programming, along with events such as Women Mean Business, Coffee and Community, and marketplaces, connected business owners with new customers and collaborators.

    Expenses $1,291,403 · Revenue $267,091

  • Renaissance East Bay provided small business training, one-on-one consulting, and access to capital, networks and other resources 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.

    Expenses $805,785 · Revenue $1,000

  • Renaissance Bayview: In 2024, 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. Through our Contractors Initiative, Renaissance Bayview worked intensively with 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 communities of Fillmore, Visitacion Valley and Bayview Hunters Point.

    Expenses $641,047 · Grants $12,000 · Revenue $46,594

As filed on the 2024 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 (end 01/24)

    Total calculated
    $0
    Hours/week
    1

  • Melissa Boyd

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Philip Koblis

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Gary Cookhorn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Yasmin Eichmann Datta

    Board Member

    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

  • Richard McCline

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Theresa Noriega-Lum

    Board Member (start 06/24)

    Total calculated
    $0
    Hours/week
    1

  • Craig Robinson

    Board Member (start 06/24)

    Total calculated
    $0
    Hours/week
    1

  • Sandor Straus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marcos Vicente

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sharon Miller

    CEO

    Total calculated
    $224,074
    From this org
    $209,388
    From related orgs
    $0
    Other
    $14,686
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $209,388
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,686
    Filer's total
    $224,074

  • Lisa Kirvin

    Managing Director

    Total calculated
    $166,930
    From this org
    $149,726
    From related orgs
    $0
    Other
    $17,204
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $149,726
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,204
    Filer's total
    $166,930

  • Douglas House

    Finance Director

    Total calculated
    $141,448
    From this org
    $127,011
    From related orgs
    $0
    Other
    $14,437
    Hours/week
    35

  • Tim Russell

    Peninsula Regional Director

    Total calculated
    $148,860
    From this org
    $119,452
    From related orgs
    $0
    Other
    $29,408
    Hours/week
    35

  • Marcus Tartt

    Bayview Center Director

    Total calculated
    $123,405
    From this org
    $121,217
    From related orgs
    $0
    Other
    $2,188
    Hours/week
    35

  • Lucero DeLeon

    SoMa/WBC Director

    Total calculated
    $133,539
    From this org
    $123,953
    From related orgs
    $0
    Other
    $9,586
    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
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523119349303287

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