Totals
- Total revenue
- $2,855,414
- Total expenses
- $2,551,404
- Contributions and grants received
- $2,357,499
- Grants paid
- $0
- Program service revenue
- $497,915
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $5,947,225
- Total liabilities, end of year
- $4,711,609
- Net assets or fund balances, end of year
- $1,235,616
- Program services expenses (Part IX)
- $2,111,683
- Management and general expenses
- $439,721
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,111,683
Program services were 82.8% 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.
-
1e · Government grants (contributions)
$650,000
-
1f · All other contributions, gifts and grants
$1,707,499
-
2a · Program service revenue: LOAN INCOME
total $497,915 · related or exempt $497,915
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $440,115 · program services $320,864 · management and general $119,251
-
7 · Other salaries and wages
total $823,142 · program services $738,294 · management and general $84,848
-
9 · Other employee benefits
total $137,617 · program services $115,501 · management and general $22,116
-
10 · Payroll taxes
total $101,484 · program services $85,145 · management and general $16,339
-
11c · Fees: accounting
total $30,898 · management and general $30,898
-
11g · Fees: other
total $139,103 · management and general $139,103
-
12 · Advertising and promotion
total $29,078 · program services $29,078
-
13 · Office expenses
total $80,368 · program services $73,942 · management and general $6,426
-
14 · Information technology
total $40,712 · program services $40,712
-
16 · Occupancy
total $53,453 · program services $47,574 · management and general $5,879
-
17 · Travel
total $62,827 · program services $62,827
-
20 · Interest
total $177,253 · program services $177,253
-
23 · Insurance
total $7,668 · program services $7,668
-
24a · Other expenses: LOAN LOSS EXPENSE
total $180,872 · program services $180,872
-
24b · Other expenses: EVENTS AND SPONSORSHIPS
total $176,567 · program services $176,567
-
24c · Other expenses: ALL OTHER EXPENSE
total $44,678 · program services $29,817 · management and general $14,861
-
24d · Other expenses: DEPRECIATION
total $10,879 · program services $10,879
-
24e · All other expenses
total $14,690 · program services $14,690
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,663,689 · end of year $1,815,541
-
4 · Accounts receivable
beginning of year $138,750 · end of year $570,537
-
7 · Other notes and loans receivable
beginning of year $3,450,602 · end of year $3,409,522
-
9 · Prepaid expenses and deferred charges
beginning of year $37,291 · end of year $40,280
-
10a · Land, buildings and equipment: cost or other basis
$70,135
-
10b · Land, buildings and equipment: accumulated depreciation
$32,193
-
10c · Land, buildings and equipment, net
beginning of year $9,706 · end of year $37,942
-
15 · Other assets
beginning of year $1,200 · end of year $73,403
-
17 · Accounts payable and accrued expenses
beginning of year $237,632 · end of year $366,069
-
19 · Deferred revenue
beginning of year $140,000 · end of year $101,935
-
24 · Unsecured notes and loans payable
beginning of year $1,500,000 · end of year $2,500,000
-
25 · Other liabilities
beginning of year $2,492,000 · end of year $1,743,605
-
27 · Net assets without donor restrictions
beginning of year $697,606 · end of year $675,616
-
28 · Net assets with donor restrictions
beginning of year $234,000 · end of year $560,000
Mission and programs · 2023
Mission
TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS. TMC COMMUNITY CAPITAL SUPPORTS MICROENTERPRISE GROWTH AS A STRATEGY TO STRENGTHEN THE LOCAL ECONOMY, CREATE JOBS, AND BUILD STRONG COMMUNITIES. THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES: MICROLOANS/SMALL BUSINESS LOANS OF $5,000 TO $50,000 THROUGHOUT THE STATE OF CALIFORNIA. TECHNICAL ASSISTANCE (BUSINESS COACHING, ADVISING, EDUCATION AND MENTORING). REFERRALS FOR FREE AND LOW-COST BUSINESS RESOURCES. EDUCATIONAL PRESENTATIONS ON ACCESS TO CAPITAL.
Activities or mission (Part I)
TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS.
-
MICROLOAN PROGRAM FOCUSES ON SERVING BUSINESSES THAT ARE TYPICALLY DISENFRANCHISED FROM TRADITIONAL LENDING, SUCH AS WOMEN BUSINESS OWNERS, MINORITY BUSINESS OWNERS AND BUSINESSES IN LOW-INCOME COMMUNITIES. THE ORGANIZATION PROVIDES OUTREACH TO CONNECT WITH POTENTIAL BORROWERS AND PROVIDES AN INTAKE ASSESSMENT THAT INCLUDES RESOURCE NAVIGATION AND A REFERRAL TO OTHER ORGANIZATIONS IF ADDITIONAL RESOURCES ARE NECESSARY.
Expenses $2,111,683 · Revenue $497,915
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Barabara MorrisonBARABARA MORRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LaroccaKELLY LAROCCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jing CaoJING CAO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mark HerbertMARK HERBERT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joyce SlossJOYCE SLOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darcy MacKayDARCY MACKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula BahamonPAULA BAHAMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mona AhmadiMONA AHMADI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Norma DunnNORMA DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jermaine McMihelkJERMAINE MCMIHELK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael VanecekMICHAEL VANECEK
CFO
- Total calculated
- $0
- Hours/week
- 1
-
Daniel FernandezDANIEL FERNANDEZ
PRESIDENT & CEO
- Total calculated
- $214,065
- From this org
- $182,083
- From related orgs
- $0
- Other
- $31,982
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,083
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,982
- Filer's total
- $214,065
-
Mayra Contreras LopezMAYRA CONTRERAS LOPEZ
DIRECTOR OF PARTNERSHIPS
- Total calculated
- $122,434
- From this org
- $113,403
- From related orgs
- $0
- Other
- $9,031
- Hours/week
- 40
-
Vasana LyVASANA LY
PROGRAM DIRECTOR
- Total calculated
- $200,275
- From this org
- $170,656
- From related orgs
- $0
- Other
- $29,619
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,656
- Bonus
- $0
- Other
- $0
- Deferred
- $22,080
- Nontaxable benefits
- $7,539
- Filer's total
- $200,275
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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349305051
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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