Civic Intelligence

Grid110 Inc.

990 • Fiscal year 2023 • EIN 47-4318779

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

360 E 2nd Street 800Los Angeles, CA 90012

(424) 257-0289

Siviq Scores

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

Liabilities / Assets

49th percentile

0.02x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.00x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$63,043

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

79th percentile

26%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

18%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$195,647

Up $40,620 (+26%) from 2022

Net Assets

Up

$192,614

Up $166,751 (+645%) from 2022

Liabilities

Down

$3,033

Down $126,131 (-98%) from 2022

Revenue

Up

$736,849

Up $110,057 (+18%) from 2022

Expenses

Down

$570,098

Down $133,111 (-19%) from 2022

Net Income

Up

$166,751

Up $243,168 (+318%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2017: $93,920Liabilities 2017: $93,920Net Assets 2017: $02017Assets 2018: $138,786Liabilities 2018: $138,786Net Assets 2018: $02018Assets 2019: $15,230Liabilities 2019: $36,085Net Assets 2019: -$20,8552019Assets 2020: $83,621Liabilities 2020: $3,306Net Assets 2020: $80,3152020Assets 2021: $199,287Liabilities 2021: $131,904Net Assets 2021: $67,3832021Assets 2022: $155,027Liabilities 2022: $129,164Net Assets 2022: $25,8632022Assets 2023: $195,647Liabilities 2023: $3,033Net Assets 2023: $192,6142023Assets 2024: $451,448Liabilities 2024: $161,075Net Assets 2024: $290,3732024

Highlighted filing

2023

Assets$195,647
Liabilities$3,033
Net Assets$192,614

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $94,005Expenses 2017: $94,005Net Income 2017: $02017Revenue 2018: $289,478Expenses 2018: $289,478Net Income 2018: $02018Revenue 2019: $375,634Expenses 2019: $396,489Net Income 2019: -$20,8552019Revenue 2020: $567,693Expenses 2020: $465,793Net Income 2020: $101,9002020Revenue 2021: $639,161Expenses 2021: $652,093Net Income 2021: -$12,9322021Revenue 2022: $626,792Expenses 2022: $703,209Net Income 2022: -$76,4172022Revenue 2023: $736,849Expenses 2023: $570,098Net Income 2023: $166,7512023Revenue 2024: $421,584Expenses 2024: $407,859Net Income 2024: $13,7252024

Highlighted filing

2023

Revenue$736,849
Expenses$570,098
Net Income$166,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$736,849
Mission and Program Overview

Mission

Grid110 is an economic and community development organization that connects early-stage entrepreneurs to mentoring and critical resources through free programs. The focus is to activate community and help entrepreneurs realize sustainable growth paths that allow them to scale their businesses (and teams) right here in los angeles. Our mission is to foster the most thriving, inviting & inclusive community for entrepreneurs in los angeles. We believe that anyone with the goal of becoming an entrepreneur should have the chance to pursue it and receive support along the way. Our work impacts individuals who are often overlooked by traditional entrepreneurial ecosystems. That's what drives us to make the entrepreneurial path more equitable, inclusive and accessible.

Creating clearer pathways to success for early stage entrepreneurs in los angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$151,622$195,647▲ $44,025
Rtn Earn Endowment Incm Other Fnds$25,863$192,614▲ $166,751
Prepaid Expenses and Deferred Charges$3,405--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$155,027$195,647▲ $40,620
Liabilities
Deferred Revenue$125,000$0▼ $125,000
Accounts Payable and Accrued Expenses$3,700$2,057▼ $1,643
Other Liabilities$464$976▲ $512
Total Liabilities$129,164$3,033▼ $126,131
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,863$192,614▲ $166,751
Total Liabilities and Net Assets / Fund Balance$155,027$195,647▲ $40,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shrina KuraniExecutive DirectorPT$63,043-$63,043
Miki ReynoldsCEO/sec to 6/1/23, Director From 10/1/23PT$50,938$2,668$53,606

Board Members and Trustees

NameTitle
Jade Turner-bondDirector
Jared GoodnerDirector
Prashant SamantDirector
Rohit GuptaDirector From 6/1/23
Stephen KaneDirector Until 10/31/23
Ashumi ShippeeDirector Until 4/18/23
Emma MayersonDirector/CFO From 6/1/23
Megan SetteSecretary/CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$736,849
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$341,913
Change in Net Assets
$166,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$399,113
Other Expenses$170,985
Total Fundraising Expense$39,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,683$69,342$23,114$231,139
Current Officers, Directors, Trustees, and Key Employees$69,989$34,995$11,665$116,649
Fees for Services Other$69,147$3,791-$72,938
Payroll Taxes$16,591$8,295$2,765$27,651
Other Employee Benefits$14,205$7,102$2,367$23,674
Fees for Services Legal$2,015$6,478-$8,493
Fees for Services Accounting-$6,018-$6,018
Travel$5,580--$5,580
Conferences and Meetings$120$3,405-$3,525
Insurance$1,205$1,442-$2,647
Occupancy$2,497--$2,497
All Other Expenses$1,202$359-$1,561
Other Expenses$1,062$0$0$1,062
Office Expenses-$675-$675
Total Functional Expenses$376,445$153,742$39,911$570,098
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Flexible Spending Account$976
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jared goodner and prashant samant (both board directors) are business partners in a separate company together. This preceedes their affiliation with the organization.

Form 990, Part VI, Section A, Line 8B

The organization does not have a committee to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Once complete, a copy of the form 990 will be distributed to the board for review by the next board meeting.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored by the organization through an annual disclosure form that is completed and signed by each director. Any conflicts that should arise are reviewed by the remaining board.

Form 990, Part VI, Section B, Line 15A

The board of directors reviewed and approved the compensation of the executive director independently, without the participation of interested persons. Comparable information was used in determining compensation for the executive director. The compensation was also approved by the city of los angeles thorugh the grant budget process.

Form 990, Part VI, Section C, Line 19

The form 990, financial statements and the governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Grid110 Inc
EIN
47-4318779
Phone
4242570289
Address
360 E 2ND STREET 800, LOS ANGELES, CA 90012

Signing Officer

Name
Shrina Kurani
Title
Executive Director
Phone
4242570289
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shrina Kurani
Formed
2015
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
50

Preparer

Firm
Green Hasson & Janks Llp
Address
700 S FLOWER STREET SUITE 3300, LOS ANGELES, CA 90017
Preparer
Lizbeth G Nevarez
Phone
3108731600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractor fees: program service expenses 69,147. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,147. Payroll service: program service expenses 0. Management and general expenses 3,791. Fundraising expenses 0. Total expenses 3,791.

Raw XML AppendixShowing 400 of 420 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03700
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02057
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREATING CLEARER PATHWAYS TO SUCCESS FOR EARLY STAGE ENTREPRENEURS IN LOS ANGELES.
IRS990/AllOtherContributionsAmt0341913
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0359
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01202
IRS990/AllOtherExpensesGrp/TotalAmt01561
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHRINA KURANI
IRS990/BooksInCareOfDetail/PhoneNum03109227368
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0360 E 2ND STREET SUITE 800
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090012
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0151622
IRS990/CashNonInterestBearingGrp/EOYAmt0195647
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011665
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt034995
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt069989
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0116649
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03405
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0120
IRS990/ConferencesMeetingsGrp/TotalAmt03525
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0736849
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0170985
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0166751
IRS990/CYSalariesCompEmpBnftPaidAmt0399113
IRS990/CYTotalExpensesAmt0570098
IRS990/CYTotalFundraisingExpenseAmt039911
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0736849
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0125000
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0RESIDENCY PROGRAM: FACILITATED 2 COHORTS OF EARLY STAGE ENTREPRENEURS PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL RESOURCES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0169400
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06018
IRS990/FeesForServicesAccountingGrp/TotalAmt06018
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06478
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02015
IRS990/FeesForServicesLegalGrp/TotalAmt08493
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03791
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt069147
IRS990/FeesForServicesOtherGrp/TotalAmt072938
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt920.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt02668
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKI REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm1MEGAN SETTE
IRS990/Form990PartVIISectionAGrp/PersonNm2EMMA MAYERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3JARED GOODNER
IRS990/Form990PartVIISectionAGrp/PersonNm4PRASHANT SAMANT
IRS990/Form990PartVIISectionAGrp/PersonNm5JADE TURNER-BOND
IRS990/Form990PartVIISectionAGrp/PersonNm6ROHIT GUPTA
IRS990/Form990PartVIISectionAGrp/PersonNm7ASHUMI SHIPPEE
IRS990/Form990PartVIISectionAGrp/PersonNm8STEPHEN KANE
IRS990/Form990PartVIISectionAGrp/PersonNm9SHRINA KURANI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt050938
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt963043
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/SEC TO 6/1/23, DIR. FROM 10/1/23
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/CFO FROM 6/1/23
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR FROM 6/1/23
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR UNTIL 4/18/23
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR UNTIL 10/31/23
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0394936
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0736849
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01442
IRS990/InsuranceGrp/ProgramServicesAmt01205
IRS990/InsuranceGrp/TotalAmt02647
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRID110 IS AN ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION THAT CONNECTS EARLY-STAGE ENTREPRENEURS TO MENTORING AND CRITICAL RESOURCES THROUGH FREE PROGRAMS. THE FOCUS IS TO ACTIVATE COMMUNITY AND HELP ENTREPRENEURS REALIZE SUSTAINABLE GROWTH PATHS THAT ALLOW THEM TO SCALE THEIR BUSINESSES (AND TEAMS) RIGHT HERE IN LOS ANGELES. OUR MISSION IS TO FOSTER THE MOST THRIVING, INVITING & INCLUSIVE COMMUNITY FOR ENTREPRENEURS IN LOS ANGELES. WE BELIEVE THAT ANYONE WITH THE GOAL OF BECOMING AN ENTREPRENEUR SHOULD HAVE THE CHANCE TO PURSUE IT AND RECEIVE SUPPORT ALONG THE WAY. OUR WORK IMPACTS INDIVIDUALS WHO ARE OFTEN OVERLOOKED BY TRADITIONAL ENTREPRENEURIAL ECOSYSTEMS. THAT'S WHAT DRIVES US TO MAKE THE ENTREPRENEURIAL PATH MORE EQUITABLE, INCLUSIVE AND ACCESSIBLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt025863
IRS990/NetAssetsOrFundBalancesEOYAmt0192614
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02497
IRS990/OccupancyGrp/TotalAmt02497
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0675
IRS990/OfficeExpensesGrp/TotalAmt0675
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02367
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07102
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014205
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023674
IRS990/OtherExpensesGrp/Desc0PROGRAM ACTIVITIES
IRS990/OtherExpensesGrp/Desc1MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2550
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt045756
IRS990/OtherExpensesGrp/ProgramServicesAmt18393
IRS990/OtherExpensesGrp/ProgramServicesAmt21062
IRS990/OtherExpensesGrp/TotalAmt045756
IRS990/OtherExpensesGrp/TotalAmt111290
IRS990/OtherExpensesGrp/TotalAmt28943
IRS990/OtherExpensesGrp/TotalAmt31062
IRS990/OtherLiabilitiesGrp/BOYAmt0464
IRS990/OtherLiabilitiesGrp/EOYAmt0976
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023114
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069342
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0138683
IRS990/OtherSalariesAndWagesGrp/TotalAmt0231139
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02765
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08295
IRS990/PayrollTaxesGrp/ProgramServicesAmt016591
IRS990/PayrollTaxesGrp/TotalAmt027651
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03405
IRS990/PrincipalOfficerNm0SHRINA KURANI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IDEA TO LAUNCH: FACILIATED 1 COHORT OF BEGINNING STAGE ENTREPRENEURS, PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL RESOURCES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0112934
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY PROGRAMS: SUPPORTED PREVIOUS PROGRAM PARTICIPANTS (ALUMNI) THROUGH OFFICE HOURS, EVENTS, WORKSHOPS. ALSO SUPPORTED EXTERNAL COMMUNITY THROUGH EVENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt094111
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0626792
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0175716
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-76417
IRS990/PYSalariesCompEmpBnftPaidAmt0527493
IRS990/PYTotalExpensesAmt0703209
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0626792
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0166751
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025863
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0192614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0736849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0626792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0639161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0567693
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0374881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02945376
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0753
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0753
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85660
IRS990ScheduleA/PublicSupportPY170Pct00.89060
IRS990ScheduleA/PublicSupportTotal170Amt02523568
IRS990ScheduleA/SubstantialContributorsTotAmt0421808
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0736849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0626792
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0639161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0567693
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0374881
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02945376
IRS990ScheduleA/TotalSupportAmt02946129
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FLEXIBLE SPENDING ACCOUNT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0976
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JARED GOODNER AND PRASHANT SAMANT (BOTH BOARD DIRECTORS) ARE BUSINESS PARTNERS IN A SEPARATE COMPANY TOGETHER. THIS PRECEEDES THEIR AFFILIATION WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONCE COMPLETE, A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD FOR REVIEW BY THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE ORGANIZATION THROUGH AN ANNUAL DISCLOSURE FORM THAT IS COMPLETED AND SIGNED BY EACH DIRECTOR. ANY CONFLICTS THAT SHOULD ARISE ARE REVIEWED BY THE REMAINING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE COMPENSATION OF THE EXECUTIVE DIRECTOR INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. COMPARABLE INFORMATION WAS USED IN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE COMPENSATION WAS ALSO APPROVED BY THE CITY OF LOS ANGELES THORUGH THE GRANT BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990, FINANCIAL STATEMENTS AND THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 69,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,147. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,791. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,791.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0155027
IRS990/TotalAssetsEOYAmt0195647
IRS990/TotalAssetsGrp/BOYAmt0155027
IRS990/TotalAssetsGrp/EOYAmt0195647
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0736849
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039911
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0376445
IRS990/TotalFunctionalExpensesGrp/TotalAmt0570098
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0129164
IRS990/TotalLiabilitiesEOYAmt03033
IRS990/TotalLiabilitiesGrp/BOYAmt0129164
IRS990/TotalLiabilitiesGrp/EOYAmt03033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025863
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0192614
IRS990/TotalOtherCompensationAmt02668
IRS990/TotalProgramServiceExpensesAmt0376445
IRS990/TotalReportableCompFromOrgAmt0113981
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0736849
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0155027
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0195647
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05580
IRS990/TravelGrp/TotalAmt05580
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0360 E 2ND STREET 800
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090012
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GRID110.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHRINA KURANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04242570289
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRID110 INC
ReturnHeader/Filer/BusinessNameControlTxt0GRID
ReturnHeader/Filer/EIN0474318779

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings