Civic Intelligence

California Emerging Technology Fund

990 • Fiscal year 2013 • EIN 20-5184429

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 17, 2013

5 Third Street No 32094103-3206
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.16x

Higher debt load relative to assets than 37% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

3rd percentile

-18%

Faster asset growth than 3% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$26,160,556

Down $5,674,522 (-18%) from 2012

Net Assets

Down

$21,997,873

Down $7,464,942 (-25%) from 2012

Liabilities

Up

$4,162,683

Up $1,790,420 (+75%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$9,157,656

Up $2,961,730 (+48%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $35,138,431Liabilities 2011: $4,739,444Net Assets 2011: $30,398,9872011Assets 2012: $31,835,078Liabilities 2012: $2,372,263Net Assets 2012: $29,462,8152012Assets 2013: $26,160,556Liabilities 2013: $4,162,683Net Assets 2013: $21,997,8732013Assets 2014: $20,320,024Liabilities 2014: $5,425,453Net Assets 2014: $14,894,5712014Assets 2015: $14,352,548Liabilities 2015: $3,563,603Net Assets 2015: $10,788,9452015Assets 2016: $8,277,671Liabilities 2016: $1,501,066Net Assets 2016: $6,776,6052016Assets 2017: $34,747,833Liabilities 2017: $758,879Net Assets 2017: $33,988,9542017Assets 2018: $28,885,258Liabilities 2018: $1,239,673Net Assets 2018: $27,645,5852018Assets 2019: $22,916,250Liabilities 2019: $1,744,208Net Assets 2019: $21,172,0422019Assets 2020: $50,477,526Liabilities 2020: $2,328,749Net Assets 2020: $48,148,7772020Assets 2021: $44,150,511Liabilities 2021: $3,642,275Net Assets 2021: $40,508,2362021Assets 2022: $35,282,028Liabilities 2022: $3,109,790Net Assets 2022: $32,172,2382022Assets 2023: $27,147,491Liabilities 2023: $893,130Net Assets 2023: $26,254,3612023Assets 2024: $18,788,602Liabilities 2024: $407,819Net Assets 2024: $18,380,7832024Assets 2025: $12,139,308Liabilities 2025: $241,361Net Assets 2025: $11,897,9472025

Highlighted filing

2013

Assets$26,160,556
Liabilities$4,162,683
Net Assets$21,997,873

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2011: $12,830,8732011Expenses 2012: $6,195,9262012Expenses 2013: $9,157,6562013Revenue 2014: $408,305Expenses 2014: $7,225,815Net Income 2014: -$6,817,5102014Revenue 2015: $532,483Expenses 2015: $4,201,373Net Income 2015: -$3,668,8902015Revenue 2016: $446,847Expenses 2016: $4,167,849Net Income 2016: -$3,721,0022016Revenue 2017: $32,768,095Expenses 2017: $5,479,552Net Income 2017: $27,288,5432017Revenue 2018: $56,425Expenses 2018: $6,399,794Net Income 2018: -$6,343,3692018Revenue 2019: $69,936Expenses 2019: $6,543,479Net Income 2019: -$6,473,5432019Revenue 2020: $35,210,093Expenses 2020: $8,233,358Net Income 2020: $26,976,7352020Revenue 2021: $253,401Expenses 2021: $7,893,942Net Income 2021: -$7,640,5412021Revenue 2022: $1,248,904Expenses 2022: $9,584,902Net Income 2022: -$8,335,9982022Revenue 2023: $3,574,011Expenses 2023: $9,491,888Net Income 2023: -$5,917,8772023Revenue 2024: $2,662,388Expenses 2024: $10,591,270Net Income 2024: -$7,928,8822024Revenue 2025: $3,938,233Expenses 2025: $10,441,474Net Income 2025: -$6,503,2412025

Highlighted filing

2013

Revenue-
Expenses$9,157,656
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 17, 2013
Return Version
2012v2.1
Gross Receipts
$6,529,409
Mission and Program Overview

Mission

Provide leadership statewide to minimize the digital divide by accelerating the deployment and adoption of broadband and other advanced communication services to unserved and underserved communities.

Filing and Contact Details

Filer

EIN
20-5184429
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IRS990ScheduleC/DirectContactLegislators01
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IRS990ScheduleC/Form990ScheduleCPartIV/Explanation0PROVIDED RESEARCH AND INFORMATION TO VARIOUS ELECTED OFFICIALS IN THE SUPPORT ON LEGISLATIVE ISSUES SURROUNDING BROADBAND ADOPTION. INCLUDING: EXTENSION AND EXPANSION OF CALIFORNIA ADVANCED SERVICES FUND: PROVIDE INFORMATION, PROMOTE AND SUPPORT FOR SB 740 AND AB129, BUDGET CONTROL LANGUAGE ON CPUC RELATIONSHIP TO NON-PROFIT ORGANIZATIONS ESTABLISHED BY CPUC, FCC NATIONAL BROADBAND PLAN, USF, AND SMART HOUSING POLICY, ENCOURAGING FEDERAL ADMINISTRATION POLICY AND ADDITIONAL STATE AND FEDERAL LEGISLATION. TOTAL EXPENDITURES WERE 1.4% OF THE ORGANIZATION'S EXPENDITURES FOR THE FISCAL YEAR.
IRS990ScheduleC/Form990ScheduleCPartIV/Identifier0EXPLANATION OF LOBBYING ACTIVITIES:
IRS990ScheduleC/Form990ScheduleCPartIV/ReturnReference0PART II-B, LINE 1:
IRS990ScheduleC/GrantsOtherOrganizations00
IRS990ScheduleC/MailingsMembers00
IRS990ScheduleC/MediaAdvertisements00
IRS990ScheduleC/NotDescribedIn501c300
IRS990ScheduleC/OtherActivities00
IRS990ScheduleC/PaidStaffOrManagement01
IRS990ScheduleC/PublicationsOrBroadcast00
IRS990ScheduleC/RalliesDemonstrations00
IRS990ScheduleC/TotalLobbyingExpendituresIIB026812
IRS990ScheduleC/Volunteers00
IRS990ScheduleD/Equipment/BookValue01145
IRS990ScheduleD/Equipment/Depreciation090667
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis091812
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt065616
IRS990ScheduleD/ExpensesSubtotal09092040
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0CETF IS A NOT-FOR-PROFIT ORGANIZATION, EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) AND THE APPLICABLE CODE SECTION OF THE STATE OF CALIFORNIA REVENUE AND TAXATION CODE. IN ADDITION, CETF QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE U.S. INTERNAL REVENUE CODE. CETF RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF AN UNCERTAIN TAX POSITION AFTER CONSIDERING THE PROBABILITY THAT A TAX AUTHORITY WOULD SUSTAIN THE POSITION IN AN EXAMINATION. FOR TAX POSITIONS MEETING A "MORE-LIKELY-THAN-NOT" THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE BENEFIT EXPECTED TO BE REALIZED UPON SETTLEMENT WITH THE TAX AUTHORITY. FOR TAX POSITIONS NOT MEETING THE THRESHOLD, NO FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. CETF RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS AS INCOME TAX EXPENSE. INCOME TAX RETURNS FOR THE YEARS PRIOR TO 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES. CETF IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/InvestmentExpensesNotIncluded065616
IRS990ScheduleD/InvestmentExpensesNotIncluded2065616
IRS990ScheduleD/NetUnrealizedGainsInvestments0-480326
IRS990ScheduleD/OtherLiabilities/Amount04058450
IRS990ScheduleD/OtherLiabilities/Description0GRANT COMMITMENTS
IRS990ScheduleD/RevenueNotRptdF9900-480326
IRS990ScheduleD/RevenueNotRptdOnFinStmt065616
IRS990ScheduleD/RevenueSubtotal02107423
IRS990ScheduleD/TotalExpensesPerForm99009157656
IRS990ScheduleD/TotalOfAmounts04058450
IRS990ScheduleD/TotalOfBookValueLandBuildings01145
IRS990ScheduleD/TotalRevenuePerForm99002173039
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt09092040
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01627097
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO SUBMIT PERIODIC REPORTS OF PROGRESS IN ACHIEVING THE GOALS OF THE GRANT. THESE REPORTS ARE REVIEWED AND EVALUATED AGAINST STATED PROJECT MILESTONES.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10221 MAIN STREET 300
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11857 BROADWAY FLOOR 3
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine123075 ADELINE SUITE 220
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine131419 BURLINGAME AVE SUITE W2
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine14300 MONTGOMERY STREET SUITE 638
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine15225 BUSH STREET SUITE 500

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.24$11.9$3.94$10.4$6.50
2024Detailed filing. Detailed filing data is available for this year.$18.8$0.41$18.4$2.66$10.6$7.93
2023Detailed filing. Detailed filing data is available for this year.$27.1$0.89$26.3$3.57$9.49$5.92
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$3.11$32.2$1.25$9.58$8.34
2021Detailed filing. Detailed filing data is available for this year.$44.2$3.64$40.5$0.25$7.89$7.64
2020Detailed filing. Detailed filing data is available for this year.$50.5$2.33$48.1$35.2$8.23$27.0
2019Detailed filing. Detailed filing data is available for this year.$22.9$1.74$21.2$0.07$6.54$6.47
2018Detailed filing. Detailed filing data is available for this year.$28.9$1.24$27.6$0.06$6.40$6.34
2017Detailed filing. Detailed filing data is available for this year.$34.7$0.76$34.0$32.8$5.48$27.3
2016Detailed filing. Detailed filing data is available for this year.$8.28$1.50$6.78$0.45$4.17$3.72
2015Detailed filing. Detailed filing data is available for this year.$14.4$3.56$10.8$0.53$4.20$3.67
2014Detailed filing. Detailed filing data is available for this year.$20.3$5.43$14.9$0.41$7.23$6.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$4.16$22.0$9.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$2.37$29.5$6.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$4.74$30.4$12.8