Civic Intelligence

Tmc Community Capital

990 • Fiscal year 2023 • EIN 82-5204018

Oct 01, 2022 to Sep 30, 2023 • Filed on May 23, 2024

Organization ProfileWWW.TMCCOMMUNITYCAPITAL.ORG

View Organization Page

1611 Telegraph 504Oakland, CA 94612

(415) 989-8855

Siviq Scores

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

Liabilities / Assets

90th percentile

0.82x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.86x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

73rd percentile

18%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

48th percentile

$120,950

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

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

Asset Growth

94th percentile

81%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

92nd percentile

95%

Faster revenue growth than 92% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$5,301,238

Up $2,379,952 (+81%) from 2022

Net Assets

Up

$931,606

Up $417,908 (+81%) from 2022

Liabilities

Up

$4,369,632

Up $1,962,044 (+81%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin73rd percentile

Revenue

Up

$2,351,825

Up $1,145,734 (+95%) from 2022

Expenses

Up

$1,933,917

Up $832,498 (+76%) from 2022

Net Income

Up

$417,908

Up $313,236 (+299%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$6.0M$4.0M$2.0M$0Assets 2018: $1Liabilities 2018: $6,3602018Assets 2019: $104,554Liabilities 2019: $625Net Assets 2019: $103,9292019Assets 2020: $417,546Liabilities 2020: $284,411Net Assets 2020: $133,1352020Assets 2021: $1,020,853Liabilities 2021: $611,827Net Assets 2021: $409,0262021Assets 2022: $2,921,286Liabilities 2022: $2,407,588Net Assets 2022: $513,6982022Assets 2023: $5,301,238Liabilities 2023: $4,369,632Net Assets 2023: $931,6062023Assets 2024: $5,947,225Liabilities 2024: $4,711,609Net Assets 2024: $1,235,6162024

Highlighted filing

2023

Assets$5,301,238
Liabilities$4,369,632
Net Assets$931,606
Open 2023 Filing

Operations Trend

Revenue Growth92nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $0Expenses 2018: $6,360Net Income 2018: -$6,3602018Revenue 2019: $155,000Expenses 2019: $44,711Net Income 2019: $110,2892019Revenue 2020: $1,057,232Expenses 2020: $1,028,026Net Income 2020: $29,2062020Revenue 2021: $1,405,015Expenses 2021: $1,129,124Net Income 2021: $275,8912021Revenue 2022: $1,206,091Expenses 2022: $1,101,419Net Income 2022: $104,6722022Revenue 2023: $2,351,825Expenses 2023: $1,933,917Net Income 2023: $417,9082023Revenue 2024: $2,855,414Expenses 2024: $2,551,404Net Income 2024: $304,0102024

Highlighted filing

2023

Revenue$2,351,825
Expenses$1,933,917
Net Income$417,908
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
May 23, 2024
Return Version
2022v5.0
Gross Receipts
$2,351,825
Mission and Program Overview

Mission

TMC Community Capitals purpose is to assist underserved entrepreneurs in the state of California by providing them with access to capital, technical assistance and resources to successfully start and grow a business. TMC Community Capital supports microenterprise growth as a strategy to strengthen the local economy, create jobs, and build strong communities. The Organization provides the following services: Microloans/Small Business Loans $5,000 to $50,000 throughout the state of California Technical Assistance (Business coaching, advising, education, and mentoring) Referrals for Free and Low-Cost Business Resources Educational Presentations on Access to Capital

Tmc community capital's purpose is to assist underserved entrepreneurs in the state of california by providing them with access to capital, technical assistance and resources to successfully start and grow a business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,573,548$3,450,602▲ $1,877,054
Cash and Non-Interest-Bearing Accounts$1,275,920$1,663,689▲ $387,769
Accounts Receivable$42,500$138,750▲ $96,250
Prepaid Expenses and Deferred Charges$14,907$37,291▲ $22,384
Land, Buildings, and Equipment, Net$14,411$9,706▼ $4,705
Total Assets$2,921,286$5,301,238▲ $2,379,952
Other Assets Total$0$1,200▲ $1,200
Liabilities
Other Liabilities$1,195,000$2,492,000▲ $1,297,000
Unsecured Notes Loans Payable$900,000$1,500,000▲ $600,000
Accounts Payable and Accrued Expenses$312,588$237,632▼ $74,956
Deferred Revenue-$140,000-
Total Liabilities$2,407,588$4,369,632▲ $1,962,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$327,198$697,606▲ $370,408
Net Assets With Donor Restrictions$186,500$234,000▲ $47,500
Total Net Assets Fund Balance$513,698$931,606▲ $417,908
Total Liabilities and Net Assets / Fund Balance$2,921,286$5,301,238▲ $2,379,952

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,706$21,314$31,020
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel FernandezPresident & CEOFT$115,643$5,307$120,950
Hanna LeenProgram DirectorFT$105,902$5,617$111,519
Mayra Contreras LopezDirector of PartnershipsFT$100,725$8,560$109,285

Board Members and Trustees

NameTitle
Mark HerbertChair
Barbara MorrisonDirector
Heather CameronDirector
Joe SkoweraDirector
Joyce SlossDirector
Kelly LaroccaDirector
Michelle SveltiDirector
Mona AhmadiDirector
Scott RogalskiDirector
Tamisie HoneyDirector
Armando CarmonaDirector (from 7/23)
Darcy MackayDirector (from 7/23)
Michael VanecekCFO
Jing CaoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,156,054
Program Service Revenue
$195,771
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,896,054
Change in Net Assets
$417,908

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,985,377
Revenue Not Reported on Financial Statements
$366,448
Revenue Not Reported on Form 990
$19,445
Other Revenue Adjustments
$366,448
Total Revenue per Audited Statements
$2,004,822
Total Revenue per Form 990
$2,351,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$992,191
Other Expenses$781,726
Grants and Similar Amounts Paid$160,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$544,184$91,667-$635,851
Current Officers, Directors, Trustees, and Key Employees$171,470$28,884-$200,354
Interest$176,400--$176,400
Grants to Domestic Orgs$160,000--$160,000
Fees for Services Other-$131,247-$131,247
Other Employee Benefits$78,373$13,202-$91,575
Payroll Taxes$55,125$9,286-$64,411
Occupancy$48,335$5,371-$53,706
Travel$50,747--$50,747
Fees for Services Accounting-$39,224-$39,224
Advertising$32,547--$32,547
Information Technology$32,028--$32,028
Office Expenses$16,421$1,962-$18,383
Depreciation Depletion$10,474--$10,474
Insurance$6,245--$6,245
Other Expenses$5,224--$5,224
All Other Expenses$1,614$324-$1,938
Total Functional Expenses$1,612,750$321,167$0$1,933,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,933,917
Total Expenses per Audited Statements$1,586,914
Expenses per Audited Statements$1,567,469
Expenses Not Reported on Financial Statements$366,448
Other Expense Adjustments$366,448
Expenses Not Reported on Form 990$19,445
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Kitchen Terminal IncRedondo Beach, CA-General Support$160,000
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
Line of Credit$2,492,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“There is a master service agreement (msa) between tmc community capital and tmc financing. The msa creates an administrative collaboration between the parties to share certain overhead costs, including, but not limited to, finance and accounting, human resources management, and other administrative functions. Tmc financing staff providing support to tmc community capital via the msa agreement, provide services to tmc community capital pro bono, in-kind services.”

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

“The cfo reviews the 990 before it is filed with the irs.”

Form 990, Part VI, Section B, Line 15

“Year end review process includes evaluation of performance and any compensation changes.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Tmc Community Capital
EIN
82-5204018
Phone
4159898855
Address
1611 TELEGRAPH 504, OAKLAND, CA 94612

Signing Officer

Name
Michael Vanecek
Title
CFO
Phone
4159898855
Signed
2024-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Fernandez
Formed
2018
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
0

Preparer

Firm
Bpm Llp
Address
4200 BOHANNON DRIVE SUITE 250, MENLO PARK, CA 94025-1021
Preparer
Tamara L Mcinerney
Phone
6508556800
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“Tmccc employees are technically, for w3 purposes, trinet hr employees. Tmc financing and tmc community capital use one payroll system and tmccc reimburses tmcf for payroll amounts.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal and california income tax under section 501(c)(3) of the internal revenue code and section 23701f of the california revenue and taxation code. Accordingly, the organization has paid no income taxes and the financial statements include no provision for income taxes. The organization follows financial accounting standards board ("fasb") asc 740-10, accounting for uncertainty in income taxes ("asc 740"). Asc 740 requires an organization to determine whether it is more likely than not that a tax position will be sustained upon examination on the technical merits of the position, assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The organization has no assets or liabilities related to uncertain tax positions. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loan loss expense 190,048. Interest expense 176,400.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Loan loss expense 190,048. Interest expense 176,400.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (FROM 7/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR (FROM 7/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF PARTNERSHIPS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0260000
IRS990/GrantAmt0160000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0160000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0160000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02351825
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt032028
IRS990/InformationTechnologyGrp/TotalAmt032028
IRS990/InsuranceGrp/ProgramServicesAmt06245
IRS990/InsuranceGrp/TotalAmt06245
IRS990/InterestGrp/ProgramServicesAmt0176400
IRS990/InterestGrp/TotalAmt0176400
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021314
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014411
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09706
IRS990/LandBldgEquipCostOrOtherBssAmt031020
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS. TMC COMMUNITY CAPITAL SUPPORTS MICROENTERPRISE GROWTH AS A STRATEGY TO STRENGTHEN THE LOCAL ECONOMY, CREATE JOBS, AND BUILD STRONG COMMUNITIES. THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES:. MICROLOANS/SMALL BUSINESS LOANS $5,000 TO $50,000 THROUGHOUT THE STATE OF CALIFORNIA. TECHNICAL ASSISTANCE (BUSINESS COACHING, ADVISING, EDUCATION, AND MENTORING). REFERRALS FOR FREE AND LOW-COST BUSINESS RESOURCES. EDUCATIONAL PRESENTATIONS ON ACCESS TO CAPITAL
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0513698
IRS990/NetAssetsOrFundBalancesEOYAmt0931606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0327198
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0697606
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05371
IRS990/OccupancyGrp/ProgramServicesAmt048335
IRS990/OccupancyGrp/TotalAmt053706
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01962
IRS990/OfficeExpensesGrp/ProgramServicesAmt016421
IRS990/OfficeExpensesGrp/TotalAmt018383
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01200
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013202
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078373
IRS990/OtherEmployeeBenefitsGrp/TotalAmt091575
IRS990/OtherExpensesGrp/Desc0LOAN LOSS EXPENSE
IRS990/OtherExpensesGrp/Desc1EVENTS & SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc2BANK CHARGES & FEES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0190048
IRS990/OtherExpensesGrp/ProgramServicesAmt125106
IRS990/OtherExpensesGrp/ProgramServicesAmt28409
IRS990/OtherExpensesGrp/ProgramServicesAmt35224
IRS990/OtherExpensesGrp/TotalAmt0190048
IRS990/OtherExpensesGrp/TotalAmt125106
IRS990/OtherExpensesGrp/TotalAmt28409
IRS990/OtherExpensesGrp/TotalAmt35224
IRS990/OtherLiabilitiesGrp/BOYAmt01195000
IRS990/OtherLiabilitiesGrp/EOYAmt02492000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091667
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0544184
IRS990/OtherSalariesAndWagesGrp/TotalAmt0635851
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01573548
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03450602
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09286
IRS990/PayrollTaxesGrp/ProgramServicesAmt055125
IRS990/PayrollTaxesGrp/TotalAmt064411
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014907
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037291
IRS990/PrincipalOfficerNm0DANIEL FERNANDEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0195771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195771
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01118360
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0433975
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt087731
IRS990/PYRevenuesLessExpensesAmt0104672
IRS990/PYSalariesCompEmpBnftPaidAmt0667444
IRS990/PYTotalExpensesAmt01101419
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01206091
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0417908
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0195771
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02156054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01118360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01183773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0155000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05663187
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0511976
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45550
IRS990ScheduleA/PublicSupportTotal170Amt02579299
IRS990ScheduleA/SubstantialContributorsTotAmt03083888
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02156054
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01118360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01183773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01050000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0155000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05663187
IRS990ScheduleA/TotalSupportAmt05663187
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/DonatedServicesAndUseFcltsAmt019445
IRS990ScheduleD/DonatedServicesUseFcltsAmt019445
IRS990ScheduleD/EquipmentGrp/BookValueAmt09706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021314
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031020
IRS990ScheduleD/ExpensesNotReportedAmt019445
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0366448
IRS990ScheduleD/ExpensesSubtotalAmt01567469
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0366448
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02492000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0366448
IRS990ScheduleD/RevenueNotReportedAmt019445
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0366448
IRS990ScheduleD/RevenueSubtotalAmt01985377
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701F OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, THE ORGANIZATION HAS PAID NO INCOME TAXES AND THE FINANCIAL STATEMENTS INCLUDE NO PROVISION FOR INCOME TAXES. THE ORGANIZATION FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("ASC 740"). ASC 740 REQUIRES AN ORGANIZATION TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOAN LOSS EXPENSE 190,048. INTEREST EXPENSE 176,400.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOAN LOSS EXPENSE 190,048. INTEREST EXPENSE 176,400.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09706
IRS990ScheduleD/TotalExpensesPerForm990Amt01933917
IRS990ScheduleD/TotalLiabilityAmt02492000
IRS990ScheduleD/TotalRevenuePerForm990Amt02351825
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02004822
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01586914
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0160000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE KITCHEN TERMINAL INC
IRS990ScheduleI/RecipientTable/RecipientEIN0463726544
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02617 MANHATTAN BEACH BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0REDONDO BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,301,238
Liabilities
$4,369,632
Net assets
$931,606
Revenue
$2,351,825
Expenses
$1,933,917
Net income
$417,908
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.95$4.71$1.24$2.86$2.55$0.30
2023Detailed filing. Detailed filing data is available for this year.$5.30$4.37$0.93$2.35$1.93$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$2.41$0.51$1.21$1.10$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.61$0.41$1.41$1.13$0.28
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.28$0.13$1.06$1.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.16$0.04$0.11
2018Summary only. Only limited summary data is available for this year.$0.00$0.01$0.00$0.01$0.01