Civic Intelligence

Santa Cruz Community Ventures

990 • Fiscal year 2023 • EIN 77-0247648

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

Organization Profilewww.sccvonline.org

View Organization Page

PO Box 2375Watsonville, CA 95077

(831) 200-1719

Siviq Scores

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

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.04x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$148,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

96th percentile

119%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

87%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$6,030,353

Up $3,282,474 (+119%) from 2022

Net Assets

Up

$5,825,148

Up $3,239,223 (+125%) from 2022

Liabilities

Up

$205,205

Up $43,251 (+27%) from 2022

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin93rd percentile

Revenue

Up

$5,177,388

Up $2,412,103 (+87%) from 2022

Expenses

Up

$2,041,361

Up $239,453 (+13%) from 2022

Net Income

Up

$3,136,027

Up $2,172,650 (+226%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2008: $759,271Liabilities 2008: $102,466Net Assets 2008: $656,8052008Assets 2011: $688,130Liabilities 2011: $102,778Net Assets 2011: $585,3522011Assets 2012: $542,483Liabilities 2012: $128,013Net Assets 2012: $414,4702012Assets 2013: $462,194Liabilities 2013: $139,6362013Assets 2014: $422,994Liabilities 2014: $201,505Net Assets 2014: $221,4892014Assets 2015: $380,203Liabilities 2015: $207,187Net Assets 2015: $173,0162015Assets 2016: $338,555Liabilities 2016: $159,846Net Assets 2016: $178,7092016Assets 2017: $266,459Liabilities 2017: $21,453Net Assets 2017: $245,0062017Assets 2018: $183,210Liabilities 2018: $568Net Assets 2018: $182,6422018Assets 2019: $268,761Liabilities 2019: $164Net Assets 2019: $268,5972019Assets 2020: $1,585,472Liabilities 2020: $99,048Net Assets 2020: $1,486,4242020Assets 2021: $1,781,848Liabilities 2021: $89,060Net Assets 2021: $1,692,7882021Assets 2022: $2,747,879Liabilities 2022: $161,954Net Assets 2022: $2,585,9252022Assets 2023: $6,030,353Liabilities 2023: $205,205Net Assets 2023: $5,825,1482023Assets 2024: $5,932,086Liabilities 2024: $98,580Net Assets 2024: $5,833,5062024

Highlighted filing

2023

Assets$6,030,353
Liabilities$205,205
Net Assets$5,825,148
Open 2023 Filing

Operations Trend

Revenue Growth91st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2008: $278,0482008Expenses 2011: $301,6842011Revenue 2012: $153,461Expenses 2012: $324,343Net Income 2012: -$170,8822012Revenue 2013: $78,580Expenses 2013: $170,492Net Income 2013: -$91,9122013Revenue 2014: $85,260Expenses 2014: $174,893Net Income 2014: -$89,6332014Revenue 2015: $107,739Expenses 2015: $143,943Net Income 2015: -$36,2042015Revenue 2016: $86,544Expenses 2016: $115,059Net Income 2016: -$28,5152016Revenue 2017: $69,859Expenses 2017: $156,480Net Income 2017: -$86,6212017Revenue 2018: $134,972Expenses 2018: $189,021Net Income 2018: -$54,0492018Revenue 2019: $312,593Expenses 2019: $239,269Net Income 2019: $73,3242019Revenue 2020: $5,233,897Expenses 2020: $4,026,324Net Income 2020: $1,207,5732020Revenue 2021: $2,698,128Expenses 2021: $2,514,698Net Income 2021: $183,4302021Revenue 2022: $2,765,285Expenses 2022: $1,801,908Net Income 2022: $963,3772022Revenue 2023: $5,177,388Expenses 2023: $2,041,361Net Income 2023: $3,136,0272023Revenue 2024: $3,468,199Expenses 2024: $3,551,917Net Income 2024: -$83,7182024

Highlighted filing

2023

Revenue$5,177,388
Expenses$2,041,361
Net Income$3,136,027
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$5,177,388
Mission and Program Overview

Mission

Creating compassionate and equitable local economies that contribute to the well being of our communitiesWe are committed to do our work in ways that:Are family centered and culturally appropriate;Remove system level barriers to economic equity;Provide leadership development and financial education, including for children and youth;Develop new financial and asset building vehicles; andLift up and leverage the great work already being done.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,758,975$4,548,379▲ $2,789,404
Accounts Receivable$505,515$455,894▼ $49,621
Land, Buildings, and Equipment, Net$19,070$8,401▼ $10,669
Savings and Temporary Cash Investments-$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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,747,879$6,030,353▲ $3,282,474
Other Assets Total$464,319$1,017,679▲ $553,360
Liabilities
Deferred Revenue$103,500$134,775▲ $31,275
Accounts Payable and Accrued Expenses$58,454$70,430▲ $11,976
Total Liabilities$161,954$205,205▲ $43,251
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,689,903$4,094,425▲ $2,404,522
Net Assets Without Donor Restrictions$896,022$1,730,723▲ $834,701
Total Net Assets Fund Balance$2,585,925$5,825,148▲ $3,239,223
Total Liabilities and Net Assets / Fund Balance$2,747,879$6,030,353▲ $3,282,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,401$26,620$35,021
Other Assets Org$3,057--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maria CadenasExecutive DirectorFT$148,000$148,000

Board Members and Trustees

NameTitle
Darlene TorresChairman
Chris BennerVice Chairman
Caitlin BruneDirector
Elisa OronaDirector
Lorraine YglesiasDirector
Sigolene OrtegaSecretary
Divya SharmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,133,187
Program Service Revenue
$8,988
Investment Income
$35,213
Other Revenue
$0
All Other Contributions
$4,152,589
Change in Net Assets
$3,136,027

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,177,388
Revenue Not Reported on Form 990
$103,196
Total Revenue per Audited Statements
$5,280,584
Total Revenue per Form 990
$5,177,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,293,892
Other Expenses$493,219
Grants and Similar Amounts Paid$254,250
Total Fundraising Expense$40,232
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$811,768$56,140$27,226$895,134
Fees for Services Other$251,408$9,524$5,813$266,745
Grants to Domestic Individuals$254,250--$254,250
Current Officers, Directors, Trustees, and Key Employees$148,000--$148,000
Other Employee Benefits$115,246$17,143$2,450$134,839
Payroll Taxes$73,202$10,888$1,558$85,648
Travel$50,559$24$1,294$51,877
Pension Plan Contributions$25,872$3,848$551$30,271
Occupancy$18,096$1,467$287$19,850
Office Expenses$14,419-$328$14,747
Depreciation Depletion-$10,669-$10,669
Other Expenses$7,503$47$24$7,574
All Other Expenses$4,271$967$228$5,466
Insurance$3,367$23$23$3,413
Advertising$201$2$2$205
Total Functional Expenses$1,889,830$111,299$40,232$2,041,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,041,361
Total Expenses per Audited Statements$2,041,361
Total Expenses per Form 990$2,041,361
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

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
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
No
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 B, Line 11B

“The board treasurer reviews form 990 prior to filing. Subsequently a copy of the form is distributed to the ventures board.”

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

“The board of directors and management review, update, and distribute the conflict of interest policy to all staff/volunteers of the organization. The most recent policy is reviewed with and signed by all staff at least annually.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
Ventures
EIN
77-0247648
Phone
8312001719
Address
PO BOX 2375, Watsonville, CA 95077

Signing Officer

Name
Maria Cadenas
Title
Executive Director
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
27

Preparer

Firm
Hutchinson and Bloodgood LLP
Address
579 Auto Center Drive, Watsonville, CA 95076
Preparer
Kimbra Said CPA
Phone
8317242441
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“OTHER PROGRAM SERVICES 4: Advocacy - efforts focus on addressing financial inequities, including the prevalence of predatory lenders, currently twice the rate in Watsonville than the city of Santa Cruz, as well as engaging with local governments on the value of a representative government and how this can affect economic decisions.”

Financial Statement Notes

Part X : FIN48 Footnote

“Management has evaluated the organizations tax positions and concluded they took no uncertain tax positions requiring an adjustment to the financial statements to comply with the provisions issued by the financial accounting standards board.”

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IRS990/MissionDesc0Creating compassionate and equitable local economies that contribute to the well being of our communitiesWe are committed to do our work in ways that:Are family centered and culturally appropriate;Remove system level barriers to economic equity;Provide leadership development and financial education, including for children and youth;Develop new financial and asset building vehicles; andLift up and leverage the great work already being done.
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IRS990/OtherExpensesGrp/ProgramServicesAmt27526
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IRS990/PayrollTaxesGrp/FundraisingAmt01558
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0551
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IRS990/ProgSrvcAccomActy2Grp/Desc0Financial Capability (Familias con Ms) works on two areas:- Education to build knowledge and skills on fair banking practices, savings, budgeting, credit, debt, overdraft fees, and predatory lenders through workshops, coaching, and community outreach.- Advocacy to address financial inequities, including the prevalence of predatory lenders, currently twice the rate in Watsonville than the city of Santa Cruz.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0664863
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0145100
IRS990/ProgSrvcAccomActy3Grp/Desc0Emergency Relief & Safety Net Services As a trusted intermediary during times of crisis Ventures provide relief to community members in need who are not comfortable working with institutions or who are left out of our safety net. - UndocuFund Monterey Bay provides cash assistance to Monterey Bay area undocumented immigrant workers impacted by emergencies.
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE ORGANIZATIONS TAX POSITIONS AND CONCLUDED THEY TOOK NO UNCERTAIN TAX POSITIONS REQUIRING AN ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,030,353
Liabilities
$205,205
Net assets
$5,825,148
Revenue
$5,177,388
Expenses
$2,041,361
Net income
$3,136,027
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.10$5.83$3.47$3.55$0.08
2023Detailed filing. Detailed filing data is available for this year.$6.03$0.21$5.83$5.18$2.04$3.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.16$2.59$2.77$1.80$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.09$1.69$2.70$2.51$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.10$1.49$5.23$4.03$1.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$0.31$0.24$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.00$0.18$0.13$0.19$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.07$0.16$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.16$0.18$0.09$0.12$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.21$0.17$0.11$0.14$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.20$0.22$0.09$0.17$0.09
2013Summary only. Only limited summary data is available for this year.$0.46$0.14$0.08$0.17$0.09
2012Summary only. Only limited summary data is available for this year.$0.54$0.13$0.41$0.15$0.32$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.10$0.59$0.30
2008XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.10$0.66$0.28