Civic Intelligence

Founders First Community Development Corporation Inc.

990 • Fiscal year 2021 • EIN 74-3166719

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 15, 2022

Organization Profilefoundersfirstcdc.org
10755 Scripps Poway Pkwy 202San Diego, CA 92131

(619) 869-5815

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

40th percentile

$6,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

71st percentile

23%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

381%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$630,877

Up $117,225 (+23%) from 2020

Net Assets

Up

$630,877

Up $117,225 (+23%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin74th percentile

Revenue

Up

$1,524,147

Up $1,207,549 (+381%) from 2020

Expenses

Up

$1,066,878

Up $743,528 (+230%) from 2020

Net Income

Up

$457,269

Up $464,021 (+6872%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$5.0M$0-$5.0MAssets 2017: $68,437Net Assets 2017: $68,4372017Assets 2018: $16,305Net Assets 2018: $16,3052018Assets 2019: $522,326Liabilities 2019: $1,922Net Assets 2019: $520,4042019Assets 2020: $513,652Liabilities 2020: $0Net Assets 2020: $513,6522020Assets 2021: $630,877Liabilities 2021: $0Net Assets 2021: $630,8772021Assets 2022: $1,528,919Liabilities 2022: $846,827Net Assets 2022: $682,0922022Assets 2023: $2,694,259Liabilities 2023: $3,180,724Net Assets 2023: -$486,4652023Assets 2024: $662,029Liabilities 2024: $4,736,796Net Assets 2024: -$4,074,7672024

Highlighted filing

2021

Assets$630,877
Liabilities$0
Net Assets$630,877
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$10M$5.0M$0-$5.0MRevenue 2017: $124,866Expenses 2017: $58,185Net Income 2017: $66,6812017Revenue 2018: $154,215Expenses 2018: $206,347Net Income 2018: -$52,1322018Revenue 2019: $643,806Expenses 2019: $139,707Net Income 2019: $504,0992019Revenue 2020: $316,598Expenses 2020: $323,350Net Income 2020: -$6,7522020Revenue 2021: $1,524,147Expenses 2021: $1,066,878Net Income 2021: $457,2692021Revenue 2022: $3,075,120Expenses 2022: $2,809,172Net Income 2022: $265,9482022Revenue 2023: $4,463,178Expenses 2023: $5,631,735Net Income 2023: -$1,168,5572023Revenue 2024: $2,343,535Expenses 2024: $5,301,361Net Income 2024: -$2,957,8262024

Highlighted filing

2021

Revenue$1,524,147
Expenses$1,066,878
Net Income$457,269
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 15, 2022
Return Version
2020v4.0
Gross Receipts
$1,524,147
Mission and Program Overview

Mission

Help underserved, under-represented small business owners overcome challenges they face due to lack of access to capital and to assist them in increasing business capacity resulting in higher revenue growth and providing more jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,601$463,876▲ $457,275
Investments in Publicly Traded Securities$507,051$163,725▼ $343,326
Savings and Temporary Cash Investments-$3,276-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$513,652$630,877▲ $117,225
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$513,652$405,877▼ $107,775
Net Assets With Donor Restrictions-$225,000-
Total Net Assets Fund Balance$513,652$630,877▲ $117,225
Total Liabilities and Net Assets / Fund Balance$513,652$630,877▲ $117,225
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shauna BreedenControllerPT$6,000-$6,000
Kim FolsomChairmanPT-$4,500$4,500

Board Members and Trustees

NameTitle
Shaylon ScottExecutive Director
Maurice WilsonTrustee
Oralia Alvarez - ResignedTrustee
Sarah Spicci - ResignedTrustee
Sharon PayneTrustee
Yadira EsquedaTrustee
Alicia QuinnSecretary
Beverly ColeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,459,590
Program Service Revenue
$64,557
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,444,590
Change in Net Assets
$457,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,524,147
Revenue Not Reported on Form 990
$367,616
Total Revenue per Audited Statements
$1,891,763
Total Revenue per Form 990
$1,524,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$916,499
Salaries, Compensation, and Employee Benefits$91,178
Grants and Similar Amounts Paid$59,201
Total Fundraising Expense$11,139
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,046$17,386$4,875$79,307
Grants to Domestic Individuals$59,201--$59,201
Fees for Services Other$7,362$29,746-$37,108
Payroll Taxes$4,782$1,365$291$6,438
Other Employee Benefits$4,023$1,087$323$5,433
Occupancy$1,235$2,469$412$4,116
All Other Expenses$1,069$2,411$358$3,838
Other Expenses$1,782$471$102$2,355
Advertising$550$1,100$183$1,833
Insurance$150$300$50$500
Total Functional Expenses$989,233$66,506$11,139$1,066,878

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,506,039
Expenses per Audited Statements$1,066,878
Total Expenses per Form 990$1,066,878
Expenses Not Reported on Form 990$439,161
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by BodProgram Delivery FeesNo$807,769

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Kim folsom, beverly cole, and sharon payne are all members of the partnership, founders first capital partners fund i llc.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board members review, discuss, and approve all areas of form 990 prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each board member signs a conflict of interest statement each year.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board sets a performance plan each year for the executive director. It is reviewed annually. The executive committee determines compensation and then makes a recommendation that must be approved by the full board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The governing docs, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Founders First Community Development
EIN
74-3166719
Phone
6198695815
Address
10755 SCRIPPS POWAY PKWY 202, SAN DIEGO, CA 92131

Signing Officer

Name
Shaylon Scott
Title
Executive Director
Signed
2022-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaylon Scott
Formed
2005
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
1

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108
Preparer
Jenny Kikuno
Phone
6192947200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: Clydesdale:Two-month program for 5th grade elementary school students and their families. Students complete language enrichment programs to expose them to concepts/vocabulary about local small business impact in their community, using music. The program is free to participants. Students will participate as youth judges in the regional challenge pitch competition.”

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Accrual to cash adj from afs $707660”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Accrual to cash adj from afs $439161”

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IRS990/OccupancyGrp/ProgramServicesAmt01235
IRS990/OccupancyGrp/TotalAmt04116
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0323
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01087
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04023
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05433
IRS990/OtherExpensesGrp/Desc0PROGRAM DELIVERY FEES
IRS990/OtherExpensesGrp/Desc1GRANT WRITING SUPPORT
IRS990/OtherExpensesGrp/Desc2SOFTWARE EXPENSES
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/FundraisingAmt03420
IRS990/OtherExpensesGrp/FundraisingAmt11125
IRS990/OtherExpensesGrp/FundraisingAmt2102
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16751
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2471
IRS990/OtherExpensesGrp/ProgramServicesAmt0821300
IRS990/OtherExpensesGrp/ProgramServicesAmt127357
IRS990/OtherExpensesGrp/ProgramServicesAmt23376
IRS990/OtherExpensesGrp/ProgramServicesAmt31782
IRS990/OtherExpensesGrp/TotalAmt0821300
IRS990/OtherExpensesGrp/TotalAmt134197
IRS990/OtherExpensesGrp/TotalAmt211252
IRS990/OtherExpensesGrp/TotalAmt32355
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04875
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017386
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057046
IRS990/OtherSalariesAndWagesGrp/TotalAmt079307
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0291
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01365
IRS990/PayrollTaxesGrp/ProgramServicesAmt04782
IRS990/PayrollTaxesGrp/TotalAmt06438
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHAYLON SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM PARTICIPANT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064557
IRS990/ProgSrvcAccomActy2Grp/Desc0Bootcamp:Bootcamp is for entrepreneurs with established businesses, earning a minimum of $250K in annual revenue, who want to achieve rapid growth. 90-day, weekly online 12 group sessions. Onsite Pitch and Graduation Event in La Jolla, CA, with opportunity to compete for up to $7,500 cash and service prizes. Learn what it takes to develop an effective growth and funding plan that gets funders to say yes to your request to fund your business growth. Includes 9-months of post-program support coaching and support.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0348400
IRS990/ProgSrvcAccomActy3Grp/Desc0FastPath:FastPath is designed for companies generating $1 million to $5 million in annual revenues. The program is best suited for successful Founder/CEOs, needing up to $1 million in growth capital as well as professional development, including leadership skills, confidence, and vision to overcome challenges and realize opportunities in accelerating revenue growth.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0289447
IRS990/ProgSrvcAccomActy3Grp/GrantAmt059201
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt064557
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0285750
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0317741
IRS990/PYProgramServiceRevenueAmt030843
IRS990/PYRevenuesLessExpensesAmt0-6752
IRS990/PYSalariesCompEmpBnftPaidAmt05609
IRS990/PYTotalExpensesAmt0323350
IRS990/PYTotalRevenueAmt0316598
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0457269
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03276
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02167250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0285750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0643800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0152150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0125164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03374114
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt032
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt097450
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52150
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01759690
IRS990ScheduleA/SubstantialContributorsTotAmt01614424
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02167250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0285750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0643800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0152150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0125164
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03374114
IRS990ScheduleA/TotalSupportAmt03374146
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ExpensesNotReportedAmt0439161
IRS990ScheduleD/ExpensesSubtotalAmt01066878
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-340044
IRS990ScheduleD/OtherExpensesIncludedAmt0439161
IRS990ScheduleD/OtherRevenueAmt0707660
IRS990ScheduleD/RevenueNotReportedAmt0367616
IRS990ScheduleD/RevenueSubtotalAmt01524147
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCRUAL TO CASH ADJ FROM AFS $707660
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH ADJ FROM AFS $439161
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt01066878
IRS990ScheduleD/TotalRevenuePerForm990Amt01524147
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01891763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01506039
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt022888
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt124000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt212313
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PITCH DAY AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1NATIONAL GRANT PROGRAMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2JOB GREATOR GRANT AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt148
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt27
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FNDRS FIRST CAP PTNRS LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY BOD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0807769
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROGRAM DELIVERY FEES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THREE BOARD MEMBERS FOR THE ORGANIZATION ALSO SERVE AS EMPLOYEES/OFFICERS OF THE RELATED TAXABLE PARTNERSHIP, FOUNDERS FIRST CAPITAL PARTNERS LLC. A MEMORANDUM OF UNDERSTANDING (MOU) FOR THE TRANSACTIONS BETWEEN THESE ENTITIES WAS EXECUTED IN 2019. THE "INTERESTED" BOARD MEMBERS ABSTAINED FROM CONSIDERATION AND APPROVAL OF THE MOU AND ALL SUBSEQUENT TRANSACTIONS. PER THE MOU, THE TWO ENTITIES COLLABORATE IN THE MARKETING AND OFFERING OF TWO ACCELERATOR PROGRAMS DESIGNED TO PROVIDE BUSINESS OWNERS WITH THE SKILLS, TOOLS AND PERSPECTIVES NEEDED TO ACHIEVE LARGE-SCALE GROWTH IN THEIR BUSINESS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$630,877
Liabilities
$0
Net assets
$630,877
Revenue
$1,524,147
Expenses
$1,066,878
Net income
$457,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$4.74$4.07$2.34$5.30$2.96
2023Detailed filing. Detailed filing data is available for this year.$2.69$3.18$0.49$4.46$5.63$1.17
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.85$0.68$3.08$2.81$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$1.52$1.07$0.46
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.32$0.32$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.64$0.14$0.50
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.15$0.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.12$0.06$0.07