Civic Intelligence

Climb Hire Inc

EIN 83-3791155 • 501(c)3 • San Francisco, CA

Profile

Climb Hire's mission is to prepare diverse and determined adults for jobs in technology by teaching them in-demand skills as well as critical soft skills including relationship building and networking.

2261 Market Street 10955San Francisco, CA 94114

https/WWW.CLIMBHIRE.CO

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.07x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

2nd percentile

-175%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-30%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$7,992,694

Down $3,482,321 (-30%) from 2023

Liabilities

Down

$129,198

Down $112,147 (-46%) from 2023

Net Assets

Down

$7,863,496

Down $3,370,174 (-30%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin2nd percentile

Revenue

Down

$1,968,481

Down $7,523,477 (-79%) from 2023

Expenses

Down

$5,417,667

Down $347,144 (-6.0%) from 2023

Net Income

Down

-$3,449,186

Down $7,176,333 (-193%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2020: $1,710,739Liabilities 2020: $157,035Net Assets 2020: $1,553,7042020Assets 2021: $8,148,253Liabilities 2021: $266,056Net Assets 2021: $7,882,1972021Assets 2022: $7,731,932Liabilities 2022: $201,029Net Assets 2022: $7,530,9032022Assets 2023: $11,475,015Liabilities 2023: $241,345Net Assets 2023: $11,233,6702023Assets 2024: $7,992,694Liabilities 2024: $129,198Net Assets 2024: $7,863,4962024

Highlighted filing

2024

Assets$7,992,694
Liabilities$129,198
Net Assets$7,863,496
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2020: $2,020,821Expenses 2020: $467,117Net Income 2020: $1,553,7042020Revenue 2021: $7,989,034Expenses 2021: $2,974,019Net Income 2021: $5,015,0152021Revenue 2022: $3,566,705Expenses 2022: $3,874,555Net Income 2022: -$307,8502022Revenue 2023: $9,491,958Expenses 2023: $5,764,811Net Income 2023: $3,727,1472023Revenue 2024: $1,968,481Expenses 2024: $5,417,667Net Income 2024: -$3,449,1862024

Highlighted filing

2024

Revenue$1,968,481
Expenses$5,417,667
Net Income-$3,449,186
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,992,694
Liabilities
$129,198
Net assets
$7,863,496
Revenue
$1,968,481
Expenses
$5,417,667
Net income
-$3,449,186
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.99$0.13$7.86$1.97$5.42$3.45
2023Detailed filing. Detailed filing data is available for this year.$11.5$0.24$11.2$9.49$5.76$3.73
2022Detailed filing. Detailed filing data is available for this year.$7.73$0.20$7.53$3.57$3.87$0.31
2021Detailed filing. Detailed filing data is available for this year.$8.15$0.27$7.88$7.99$2.97$5.02
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.16$1.55$2.02$0.47$1.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 8, 2025
Return Version
2024v5.2
Gross Receipts
$1,968,481
Mission and Program Overview

Mission

To train diverse and determined talent to break into new careers.

Climb Hire's mission is to prepare diverse and determined adults for jobs in technology by teaching them in-demand skills as well as critical soft skills including relationship building and networking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,898,224$7,623,363▼ $3,274,861
Pledges and Grants Receivable-$159,764-
Prepaid Expenses and Deferred Charges$115,271$119,701▲ $4,430
Savings and Temporary Cash Investments$92,134$0▼ $92,134
Accounts Receivable$335,093$72,000▼ $263,093
Land, Buildings, and Equipment, Net$34,293$17,866▼ $16,427
Other Notes and Loans Receivable, Net-$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-
Total Assets$11,475,015$7,992,694▼ $3,482,321
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$241,345$129,198▼ $112,147
Total Liabilities$241,345$129,198▼ $112,147
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,175,205$7,621,829▼ $2,553,376
Net Assets With Donor Restrictions$1,058,465$241,667▼ $816,798
Total Net Assets Fund Balance$11,233,670$7,863,496▼ $3,370,174
Total Liabilities and Net Assets / Fund Balance$11,475,015$7,992,694▼ $3,482,321

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,866$57,841$75,707
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nitzan Pelman-thru 324CEOFT$282,671$7,713$290,384
Sorbrique Grant-from 324CEOFT$245,027$24,740$269,767
Michelle BornazianVP GrowthFT$141,865$11,934$153,799
Katherine SmalkinSr VP Employer PshFT$132,206$5,313$137,519
Tjwana DixonVP Alumni SuccessFT$115,538$4,296$119,834

Board Members and Trustees

NameTitle
Jonathan GarfinkelChairman
Adam BroitmanDirector
Andrew BuherDirector
Clarence WootenDirector
Ken OliverDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Hunters Gate AdvisorsAccounting & Finance Svcs2895 Normandy Dr NW, Atlanta, GA 30305$142,807
Revenue and Support

Revenue Composition

Contributions and Grants
$1,321,462
Program Service Revenue
$168,069
Investment Income
$415,187
Other Revenue
$63,763
All Other Contributions
$1,321,462
Change in Net Assets
$-3,449,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,968,481
Revenue Not Reported on Form 990
$45,678
Total Revenue per Audited Statements
$2,014,159
Total Revenue per Form 990
$1,968,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,787,234
Salaries, Compensation, and Employee Benefits$2,490,433
Total Fundraising Expense$257,437
Grants and Similar Amounts Paid$140,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,318,930$115,569$128,965$1,563,464
Advertising$830,322--$830,322
Fees for Services Other$615,280$48,418$2,622$666,320
Current Officers, Directors, Trustees, and Key Employees$280,076$192,960$87,115$560,151
Fees for Services Accounting-$263,432-$263,432
Information Technology$186,016$5,881$598$192,495
Payroll Taxes$121,227$23,056$16,402$160,685
Other Employee Benefits$111,909$21,284$15,142$148,335
Grants to Domestic Orgs$140,000--$140,000
Pension Plan Contributions$46,731$4,474$6,593$57,798
Conferences and Meetings$45,086--$45,086
Travel$248$38,004-$38,252
Other Expenses$31,326$16,427-$16,427
Insurance-$16,248-$16,248
Fees for Services Legal-$15,743-$15,743
All Other Expenses$8,967$3,354-$12,321
Total Functional Expenses$4,346,203$814,027$257,437$5,417,667

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,451,000
Expenses per Audited Statements$5,417,667
Total Expenses per Form 990$5,417,667
Expenses Not Reported on Form 990$33,333
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charrette LLCWashington, DC-Strategic Analysis Plan$140,000
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
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
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
No

Governance Explanations

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

“The organization has a CPA prepare the form 990. The Form 990 is then reviewed by the CEO and provided to the Board prior to filing”

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

“Any conflicts or potential conflicts are presented to the ceo and the board of directors.”

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

“All compensation is reviewed annually by the board. The board will review all of the data and market rate information for comparison.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies and financial statements are not publicly available but they are available upon request.”

Filing and Contact Details

Filer

Filer Name
Climb Hire Inc
EIN
83-3791155
Phone
9704064275
Address
2261 Market Street 10955, SAN FRANCISCO, CA 94114

Signing Officer

Name
Sorbrique Grant
Title
CEO
Signed
2025-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sorbrique Grant
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
27
Volunteers
100

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code. For the year ended December 31, 2024, the Organization had no material unrelated business income. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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