Form 990 for tax year 2023
Filed by CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY.
Totals
- Total revenue
- $2,632,253
- Total expenses
- $2,579,583
- Contributions and grants received
- $2,280,269
- Grants paid
- $653,500
- Program service revenue
- $172,104
- Investment income
- $152,603
- Other revenue
- $27,277
- Total assets, end of year
- $9,106,606
- Total liabilities, end of year
- $5,287,428
- Net assets or fund balances, end of year
- $3,819,178
- Program services expenses (Part IX)
- $2,016,997
- Management and general expenses
- $313,800
- Fundraising expenses
- $248,786
- Program service expenses (Part III)
- $2,016,997
Program services were 78.2% 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.
-
1e · Government grants (contributions)
$848,773
-
1f · All other contributions, gifts and grants
$1,431,496
-
2a · Program service revenue: Membership dues
total $51,300 · related or exempt $51,300
-
2b · Program service revenue: Program fees
total $120,804 · related or exempt $120,804
-
3 · Investment income
total $152,603 · excluded $152,603
-
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
-
11a · Other revenue: Provision for loan loss
total $27,277 · excluded $27,277
-
11e · Other revenue, total
$27,277
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $653,500 · program services $653,500
-
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 $238,579 · program services $164,620 · management and general $40,558 · fundraising $33,401
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $645,985 · program services $445,730 · management and general $109,817 · fundraising $90,438
-
8 · Pension plan contributions
total $21,090 · program services $14,553 · management and general $3,585 · fundraising $2,952
-
9 · Other employee benefits
total $24,623 · program services $16,990 · management and general $4,185 · fundraising $3,448
-
10 · Payroll taxes
total $63,162 · program services $43,581 · management and general $10,738 · fundraising $8,843
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,800 · program services $13,662 · management and general $3,366 · fundraising $2,772
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $595,999 · program services $411,239 · management and general $101,320 · fundraising $83,440
-
12 · Advertising and promotion
total $376 · program services $259 · management and general $64 · fundraising $53
-
13 · Office expenses
total $17,723 · program services $12,229 · management and general $3,013 · fundraising $2,481
-
14 · Information technology
total $19,417 · program services $14,515 · management and general $2,688 · fundraising $2,214
-
15 · Royalties
total $0
-
16 · Occupancy
total $33,765 · program services $23,298 · management and general $5,740 · fundraising $4,727
-
17 · Travel
total $49,339 · program services $23,999 · management and general $19,183 · fundraising $6,157
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $20,578 · program services $14,199 · management and general $3,498 · fundraising $2,881
-
20 · Interest
total $11,406 · program services $7,870 · management and general $1,939 · fundraising $1,597
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $9,198 · program services $6,346 · management and general $1,564 · fundraising $1,288
-
24a · Other expenses: Fiscal Sponsorship
total $139,440 · program services $139,440
-
24b · Other expenses: Staff development
total $9,212 · program services $6,356 · management and general $1,566 · fundraising $1,290
-
24c · Other expenses: Dues and other charges
total $6,391 · program services $4,611 · management and general $976 · fundraising $804
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,691,835 · end of year $262,047
-
2 · Savings and temporary cash investments
end of year $8,096,437
-
3 · Pledges and grants receivable
beginning of year $1,372,311 · end of year $126,779
-
4 · Accounts receivable
beginning of year $57,749 · end of year $7,650
-
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 $444,677 · end of year $588,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,665 · end of year $9,126
-
10a · Land, buildings and equipment: cost or other basis
$4,076
-
10b · Land, buildings and equipment: accumulated depreciation
$4,076
-
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 $14,150 · end of year $16,567
-
17 · Accounts payable and accrued expenses
beginning of year $141,232 · end of year $155,488
-
18 · Grants payable
beginning of year $159,605 · end of year $242,832
-
19 · Deferred revenue
beginning of year $13,400 · end of year $8,150
-
24 · Unsecured notes and loans payable
beginning of year $500,000 · end of year $500,000
-
25 · Other liabilities
beginning of year $11,642 · end of year $4,380,958
-
27 · Net assets without donor restrictions
beginning of year $1,573,512 · end of year $1,635,030
-
28 · Net assets with donor restrictions
beginning of year $2,192,996 · end of year $2,184,148
Mission and programs · 2023
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 a statewide association of organizations, agencies, and individuals dedicated to furthering micro enterprise development in California. CAMEO was formed in California in 1993 as a public benefit corporation. CAMEOs mission is to increase opportunities for low-income people and communities by building capacity for Californias micro enterprise organizations. CAMEO builds capacity of practitioner organizations to better meet customer needs and improve the working environment for micro enterprise by educating the public and advocating on behalf of micro enterprise development.CAMEO expands resources and builds capacity for its member organizations who are providing entrepreneurs with small business training, business financing and technical assistance - coaching, capital assistance and networking. CAMEO advocates for public policies that support the business sector and builds public awareness of its economic impacts through the following program categories: Micro-lending enables members who are providing microloans to various businesses access to CAMEO's underwriting platform. Capacity Building members benefit from CAMEOs trainings in micro-lending, best practices, advocacy and workforce development, which specifically target underserved populations including veterans, immigrants and the long term unemployed. Rural Initiative CAMEO works in rural areas serving members throughout the state to bring resources to underserved regions.
Expenses $2,016,997 · Grants $653,500 · Revenue $172,104
As filed on the 2023 return.
Listed in Part VII
-
Carolina Martinez
CEO
- Total calculated
- $238,579
- From this org
- $220,000
- From related orgs
- $0
- Other
- $18,579
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $220,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,011
- Nontaxable benefits
- $8,568
- Filer's total
- $238,579
-
Heidi Pickman
VP Programs
- Total calculated
- $164,185
- From this org
- $143,850
- From related orgs
- $0
- Other
- $20,335
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $143,850
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,887
- Nontaxable benefits
- $14,448
- Filer's total
- $164,185
-
Emily Gasner
VP Strategic Init.
- Total calculated
- $128,351
- From this org
- $123,300
- From related orgs
- $0
- Other
- $5,051
- Hours/week
- 30
-
Horacio Mendez
President
- Total calculated
- $0
- Hours/week
- 2
-
Jesse Torres
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Mark Herbert
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Randi Zeller
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Carmen Herrera-Mansir
At Large
- Total calculated
- $0
- Hours/week
- 1
-
Kristin Johnson
At Large
- Total calculated
- $0
- Hours/week
- 1
-
Joshua Danielson
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
-
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
-
Vikita Poindexter
At Large
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Swift
At Large
- Total calculated
- $0
- Hours/week
- 1
-
Yery Oliveres
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
-
$550,000
CA MEHKO Project
-
$20,000
Shared Services
-
$20,000
Shared Services
-
$20,000
Shared Services
-
$20,000
Shared Services
-
$20,000
Shared Services
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422839349302022
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