Civic Intelligence

Growth Factory

990 • Fiscal year 2023 • EIN 61-1999178

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 30, 2024

4465 Granite Drive Suite 700Rocklin, CA 95677

(925) 323-9351

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

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

Liabilities / Revenue

49th percentile

0.02x

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

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

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

94th percentile

$150,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

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

Asset Growth

96th percentile

151%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

90th percentile

98%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$218,378

Up $131,457 (+151%) from 2022

Net Assets

Up

$203,007

Up $135,355 (+200%) from 2022

Liabilities

Down

$15,371

Down $3,898 (-20%) from 2022

Revenue

Up

$855,922

Up $424,649 (+98%) from 2022

Expenses

Up

$720,567

Up $350,946 (+95%) from 2022

Net Income

Up

$135,355

Up $73,703 (+120%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $6,000Liabilities 2021: $0Net Assets 2021: $6,0002021Assets 2022: $86,921Liabilities 2022: $19,269Net Assets 2022: $67,6522022Assets 2023: $218,378Liabilities 2023: $15,371Net Assets 2023: $203,0072023Assets 2024: $145,730Liabilities 2024: $12,189Net Assets 2024: $133,5412024

Highlighted filing

2023

Assets$218,378
Liabilities$15,371
Net Assets$203,007

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $6,000Expenses 2021: $0Net Income 2021: $6,0002021Revenue 2022: $431,273Expenses 2022: $369,621Net Income 2022: $61,6522022Revenue 2023: $855,922Expenses 2023: $720,567Net Income 2023: $135,3552023Revenue 2024: $957,609Expenses 2024: $1,027,075Net Income 2024: -$69,4662024

Highlighted filing

2023

Revenue$855,922
Expenses$720,567
Net Income$135,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 30, 2024
Return Version
2023v5.0
Gross Receipts
$855,922
Mission and Program Overview

Mission

Provide early stage entrepreneurs from northern ca with access to capital, capacity building programs and a community of expert resources to support the growth and success of their companies.

Provide early stage entreprenurs from nothern california with access to capital, capacity building programs, and a community of expert resources to support the growth and success of their companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$67,652$203,007▲ $135,355
Cash and Non-Interest-Bearing Accounts$41,826$195,120▲ $153,294
Accounts Receivable$40,263$7,416▼ $32,847
Total Assets$86,921$218,378▲ $131,457
Other Assets Total$4,832$15,842▲ $11,010
Liabilities
Other Liabilities$9,357$15,371▲ $6,014
Accounts Payable and Accrued Expenses$9,912--
Total Liabilities$19,269$15,371▼ $3,898
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,652$203,007▲ $135,355
Total Liabilities and Net Assets / Fund Balance$86,921$218,378▲ $131,457

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,046--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monique BrownSecretaryFT$150,000$150,000

Board Members and Trustees

NameTitle
Mark HaneyPresident
Rick SpencerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$700,779
Program Service Revenue
$155,143
Investment Income
$0
Other Revenue
$0
All Other Contributions
$317,789
Change in Net Assets
$135,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,273
Salaries, Compensation, and Employee Benefits$243,243
Grants and Similar Amounts Paid$51,051
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$174,722--$174,722
Current Officers, Directors, Trustees, and Key Employees$150,000--$150,000
Fees for Services Other$98,433--$98,433
Other Salaries and Wages$71,010--$71,010
Grants to Domestic Orgs$51,051--$51,051
Occupancy$36,416--$36,416
Fees for Services Management$34,363--$34,363
Advertising$23,172--$23,172
Payroll Taxes$17,987--$17,987
Insurance$8,925--$8,925
Office Expenses$6,491$1,801-$8,292
Fees for Services Accounting$6,488--$6,488
Travel$6,190--$6,190
Information Technology$5,733--$5,733
Other Employee Benefits$4,246--$4,246
Other Expenses$3,300--$3,300
All Other Expenses$3,214--$3,214
Fees for Services Legal$800--$800
Total Functional Expenses$718,766$1,801$0$720,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Relentless Media AgencyChandler, AZ--$9,000
LEE & KATHY'S KITCHENRocklin, CA--$5,322
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
Payroll Liabilities$11,963
Credit Cards$3,242
Federal Unemployment (940)$166
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A final prepared form 990 is distributed to all directors prior to filing with the irs. The board reviews the form 990 prior to its being filed.

Form 990, Page 6, Part VI, Line 19

Request to review documents can be made either by phone call or email.

Filing and Contact Details

Filer

Filer Name
Growth Factory Inc
EIN
61-1999178
Phone
9253239351
Address
4465 GRANITE DRIVE SUITE 700, ROCKLIN, CA 95677

Signing Officer

Name
Mark Haney
Title
President
Phone
9253239351
Signed
2024-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monique Brown
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
10

Preparer

Firm
Cook CPA Group
Address
3400 DOUGLAS BLVD STE 210, ROSEVILLE, CA 95661
Preparer
Evelyn R Cook
Phone
9167241665
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

In 2023, the growth factory continued to offer programming focused on supporting high growth venture backable startups engaging and supporting 100+ companies. We hosted 22 accelerator events & program sessions including: investment readiness series, founder forums, networking happy hours, and a backyard bash to celebrate the growing ecosystem. The growth factory also hosted our 2nd annual venture conference and startup showcase that attracted 1000 attendees and included 60 tradeshow participants, 64 speakers who shared their knowledge and insights with our community, and 40 startup presenters who had the opportunity to showcase their companies and connect with investors and customers. The growth factory continued its partnership with the city of roseville operating the roseville venture lab, an event and drop-in coworking space, hosting approximately 120 meetings and events and attracted 3800 visits for the year. Along with the space, we also continued to run roseville rising innovation program with this years cohorts focused on high school students and social impact entrepreneurs. The growth factory also designed and executed a year-long program to support small businesses form the city of rocklin in a program called build up rocklin. This included managing the distribution of grants to the small business participants. Finally, the growth factory also served as entrepreneur in residence at sierra college and worked with the faculty to support the development of the entrepreneurial mindset, skillset, and toolset across campus.

Form 990, Part IX, Line 11G

Contract & professional fees 98,433 0 0

Raw XML Appendix350 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09912
IRS990/AccountsReceivableGrp/BOYAmt040263
IRS990/AccountsReceivableGrp/EOYAmt07416
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE EARLY STAGE ENTREPRENURS FROM NOTHERN CALIFORNIA WITH ACCESS TO CAPITAL, CAPACITY BUILDING PROGRAMS, AND A COMMUNITY OF EXPERT RESOURCES TO SUPPORT THE GROWTH AND SUCCESS OF THEIR COMPANIES.
IRS990/AdvertisingGrp/ProgramServicesAmt023172
IRS990/AdvertisingGrp/TotalAmt023172
IRS990/AllOtherContributionsAmt0317789
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03214
IRS990/AllOtherExpensesGrp/TotalAmt03214
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0TAMI STEINKAMP
IRS990/BooksInCareOfDetail/PhoneNum09165431311
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04465 GRANITE DRIVE
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE 700
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCKLIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095677
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt041826
IRS990/CashNonInterestBearingGrp/EOYAmt0195120
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0150000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0150000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0174722
IRS990/ConferencesMeetingsGrp/TotalAmt0174722
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0700779
IRS990/CYGrantsAndSimilarPaidAmt051051
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0426273
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0155143
IRS990/CYRevenuesLessExpensesAmt0135355
IRS990/CYSalariesCompEmpBnftPaidAmt0243243
IRS990/CYTotalExpensesAmt0720567
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0855922
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0IN 2023, THE GROWTH FACTORY CONTINUED TO OFFER PROGRAMMING FOCUSED ON SUPPORTING HIGH GROWTH VENTURE BACKABLE STARTUPS ENGAGING AND SUPPORTING 100+ COMPANIES. WE HOSTED 22 ACCELERATOR EVENTS & PROGRAM SESSIONS INCLUDING: INVESTMENT READINESS SERIES, FOUNDER FORUMS, NETWORKING HAPPY HOURS, AND A BACKYARD BASH TO CELEBRATE THE GROWING ECOSYSTEM. THE GROWTH FACTORY ALSO HOSTED OUR 2ND ANNUAL VENTURE CONFERENCE AND STARTUP SHOWCASE THAT ATTRACTED 1000 ATTENDEES AND INCLUDED 60 TRADESHOW PARTICIPANTS, 64 SPEAKERS WHO SHARED THEIR KNOWLEDGE AND INSIGHTS WITH OUR COMMUNITY, AND 40 STARTUP PRESENTERS WHO HAD THE OPPORTUNITY TO SHOWCASE THEIR COMPANIES AND CONNECT WITH INVESTORS AND CUSTOMERS. THE GROWTH FACTORY CONTINUED ITS PARTNERSHIP WITH THE CITY OF ROSEVILLE OPERATING THE ROSEVILLE VENTURE LAB, AN EVENT AND DROP-IN COWORKING SPACE, HOSTING APPROXIMATELY 120 MEETINGS AND EVENTS AND ATTRACTED 3800 VISITS FOR THE YEAR. ALONG WITH THE SPACE, WE ALSO CONTINUED TO RUN ROSEVILLE RISING INNOVATION PROGRAM WITH THIS YEARS COHORTS FOCUSED ON HIGH SCHOOL STUDENTS AND SOCIAL IMPACT ENTREPRENEURS. THE GROWTH FACTORY ALSO DESIGNED AND EXECUTED A YEAR-LONG PROGRAM TO SUPPORT SMALL BUSINESSES FORM THE CITY OF ROCKLIN IN A PROGRAM CALLED BUILD UP ROCKLIN. THIS INCLUDED MANAGING THE DISTRIBUTION OF GRANTS TO THE SMALL BUSINESS PARTICIPANTS. FINALLY, THE GROWTH FACTORY ALSO SERVED AS ENTREPRENEUR IN RESIDENCE AT SIERRA COLLEGE AND WORKED WITH THE FACULTY TO SUPPORT THE DEVELOPMENT OF THE ENTREPRENEURIAL MINDSET, SKILLSET, AND TOOLSET ACROSS CAMPUS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0718766
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06488
IRS990/FeesForServicesAccountingGrp/TotalAmt06488
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0800
IRS990/FeesForServicesLegalGrp/TotalAmt0800
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt034363
IRS990/FeesForServicesManagementGrp/TotalAmt034363
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt098433
IRS990/FeesForServicesOtherGrp/TotalAmt098433
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MONIQUE BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK HANEY
IRS990/Form990PartVIISectionAGrp/PersonNm2RICK SPENCER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0150000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0382990
IRS990/GrantAmt051051
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt051051
IRS990/GrantsToDomesticOrgsGrp/TotalAmt051051
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0855922
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt05733
IRS990/InformationTechnologyGrp/TotalAmt05733
IRS990/InsuranceGrp/ProgramServicesAmt08925
IRS990/InsuranceGrp/TotalAmt08925
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE EARLY STAGE ENTREPRENURS FROM NOTHERN CALIFORNIA WITH ACCESS TO CAPITAL, CAPACITY BUILDING PROGRAMS, AND A COMMUNITY OF EXPERT RESOURCES TO SUPPORT THE GROWTH AND SUCCESS OF THEIR COMPANIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt067652
IRS990/NetAssetsOrFundBalancesEOYAmt0203007
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt036416
IRS990/OccupancyGrp/TotalAmt036416
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01801
IRS990/OfficeExpensesGrp/ProgramServicesAmt06491
IRS990/OfficeExpensesGrp/TotalAmt08292
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04832
IRS990/OtherAssetsTotalGrp/EOYAmt015842
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04246
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04246
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2PERSONNEL TRAINING EXPENS
IRS990/OtherExpensesGrp/Desc3QUICKBOOKS PAYMENTS FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt05725
IRS990/OtherExpensesGrp/ProgramServicesAmt15500
IRS990/OtherExpensesGrp/ProgramServicesAmt25000
IRS990/OtherExpensesGrp/ProgramServicesAmt33300
IRS990/OtherExpensesGrp/TotalAmt05725
IRS990/OtherExpensesGrp/TotalAmt15500
IRS990/OtherExpensesGrp/TotalAmt25000
IRS990/OtherExpensesGrp/TotalAmt33300
IRS990/OtherLiabilitiesGrp/BOYAmt09357
IRS990/OtherLiabilitiesGrp/EOYAmt015371
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071010
IRS990/OtherSalariesAndWagesGrp/TotalAmt071010
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt017987
IRS990/PayrollTaxesGrp/TotalAmt017987
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MONIQUE BROWN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0GFX CONFERENCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0155143
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0155143
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0321863
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0204570
IRS990/PYProgramServiceRevenueAmt0109410
IRS990/PYRevenuesLessExpensesAmt061652
IRS990/PYSalariesCompEmpBnftPaidAmt0165051
IRS990/PYTotalExpensesAmt0369621
IRS990/PYTotalRevenueAmt0431273
IRS990/ReconcilationRevenueExpnssAmt0135355
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt067652
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0203007
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0700779
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0321863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01028642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0155143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0109410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0264553
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01293195
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0855922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0431273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/Total509Grp/TotalAmt01293195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0855922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0431273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01293195
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/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08796
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17046
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FEDERAL UNEMPLOYMENT (940)
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015842
IRS990ScheduleD/TotalLiabilityAmt015371
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt09000
IRS990ScheduleI/RecipientTable/CashGrantAmt15322
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RELENTLESS MEDIA AGENCY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LEE & KATHY'S KITCHEN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0FBO WEST COAST FUSION ELITE
IRS990ScheduleI/RecipientTable/RecipientEIN0882099539
IRS990ScheduleI/RecipientTable/RecipientEIN1472843917
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02221 W PECOS RD STE 2
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16562 POWDER RIDGE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHANDLER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ROCKLIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd085224
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd195765
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GROWTH FACTORY USES A ONE-YEAR COHORT BASED PROGRAM AND 1:1 COACHING THAT SUPPORTS FOUNDERS IN IDENTIFYING KEY GOALS AND THEN ALIGNING USE OF FUNDS TO THEIR BUSINESS GROWTH OBJECTIVE. THE GROWTH FACTORY CONDUCTS ONGOING CHECK-INS (2-3 TIMES PER YEAR) WITH ANNUAL REPORTING REQUESTS ON PERFORMANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2023, THE GROWTH FACTORY CONTINUED TO OFFER PROGRAMMING FOCUSED ON SUPPORTING HIGH GROWTH VENTURE BACKABLE STARTUPS ENGAGING AND SUPPORTING 100+ COMPANIES. WE HOSTED 22 ACCELERATOR EVENTS & PROGRAM SESSIONS INCLUDING: INVESTMENT READINESS SERIES, FOUNDER FORUMS, NETWORKING HAPPY HOURS, AND A BACKYARD BASH TO CELEBRATE THE GROWING ECOSYSTEM. THE GROWTH FACTORY ALSO HOSTED OUR 2ND ANNUAL VENTURE CONFERENCE AND STARTUP SHOWCASE THAT ATTRACTED 1000 ATTENDEES AND INCLUDED 60 TRADESHOW PARTICIPANTS, 64 SPEAKERS WHO SHARED THEIR KNOWLEDGE AND INSIGHTS WITH OUR COMMUNITY, AND 40 STARTUP PRESENTERS WHO HAD THE OPPORTUNITY TO SHOWCASE THEIR COMPANIES AND CONNECT WITH INVESTORS AND CUSTOMERS. THE GROWTH FACTORY CONTINUED ITS PARTNERSHIP WITH THE CITY OF ROSEVILLE OPERATING THE ROSEVILLE VENTURE LAB, AN EVENT AND DROP-IN COWORKING SPACE, HOSTING APPROXIMATELY 120 MEETINGS AND EVENTS AND ATTRACTED 3800 VISITS FOR THE YEAR. ALONG WITH THE SPACE, WE ALSO CONTINUED TO RUN ROSEVILLE RISING INNOVATION PROGRAM WITH THIS YEARS COHORTS FOCUSED ON HIGH SCHOOL STUDENTS AND SOCIAL IMPACT ENTREPRENEURS. THE GROWTH FACTORY ALSO DESIGNED AND EXECUTED A YEAR-LONG PROGRAM TO SUPPORT SMALL BUSINESSES FORM THE CITY OF ROCKLIN IN A PROGRAM CALLED BUILD UP ROCKLIN. THIS INCLUDED MANAGING THE DISTRIBUTION OF GRANTS TO THE SMALL BUSINESS PARTICIPANTS. FINALLY, THE GROWTH FACTORY ALSO SERVED AS ENTREPRENEUR IN RESIDENCE AT SIERRA COLLEGE AND WORKED WITH THE FACULTY TO SUPPORT THE DEVELOPMENT OF THE ENTREPRENEURIAL MINDSET, SKILLSET, AND TOOLSET ACROSS CAMPUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A FINAL PREPARED FORM 990 IS DISTRIBUTED TO ALL DIRECTORS PRIOR TO FILING WITH THE IRS. THE BOARD REVIEWS THE FORM 990 PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REQUEST TO REVIEW DOCUMENTS CAN BE MADE EITHER BY PHONE CALL OR EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT & PROFESSIONAL FEES 98,433 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086921
IRS990/TotalAssetsEOYAmt0218378
IRS990/TotalAssetsGrp/BOYAmt086921
IRS990/TotalAssetsGrp/EOYAmt0218378
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0700779
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0718766
IRS990/TotalFunctionalExpensesGrp/TotalAmt0720567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019269
IRS990/TotalLiabilitiesEOYAmt015371
IRS990/TotalLiabilitiesGrp/BOYAmt019269
IRS990/TotalLiabilitiesGrp/EOYAmt015371
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt067652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0203007
IRS990/TotalProgramServiceExpensesAmt0718766
IRS990/TotalProgramServiceRevenueAmt0155143
IRS990/TotalReportableCompFromOrgAmt0150000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0155143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0855922
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086921
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218378
IRS990/TravelGrp/ProgramServicesAmt06190
IRS990/TravelGrp/TotalAmt06190
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04465 GRANITE DRIVE SUITE 700
IRS990/USAddress/CityNm0ROCKLIN
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095677
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0GROWTHFACTORY.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK HANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09253239351
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GROWTH FACTORY INC
ReturnHeader/Filer/BusinessNameControlTxt0GROW
ReturnHeader/Filer/EIN0611999178
ReturnHeader/Filer/PhoneNum09253239351
ReturnHeader/Filer/USAddress/AddressLine1Txt04465 GRANITE DRIVE SUITE 700
ReturnHeader/Filer/USAddress/CityNm0ROCKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095677
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821221665
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOK CPA GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03400 DOUGLAS BLVD STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095661
ReturnHeader/PreparerPersonGrp/PhoneNum09167241665
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVELYN R COOK
ReturnHeader/ReturnTs02024-09-10T14:33:11-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings