Civic Intelligence

Caloz

990 • Fiscal year 2019 • EIN 83-4511509

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 18, 2020

Organization ProfileWWW.CALOZ.COM
2072 LA Orinda PlaceConcord, CA 94518

(510) 543-1642

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

85th percentile

22%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

$69,634

No earlier filing loaded for comparison.

Net Assets

$69,634

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin85th percentile

Revenue

$315,678

No earlier filing loaded for comparison.

Expenses

$246,044

No earlier filing loaded for comparison.

Net Income

$69,634

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0-$50K-$100KAssets 2019: $69,634Liabilities 2019: $0Net Assets 2019: $69,6342019Assets 2020: $66,823Liabilities 2020: $120,000Net Assets 2020: -$53,1772020Assets 2021: $16,173Net Assets 2021: $16,1732021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$69,634
Liabilities$0
Net Assets$69,634
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2019: $315,678Expenses 2019: $246,044Net Income 2019: $69,6342019Revenue 2020: $166,026Expenses 2020: $288,837Net Income 2020: -$122,8112020Revenue 2021: $125,966Expenses 2021: $56,616Net Income 2021: $69,3502021Expenses 2022: $16,1732022

Highlighted filing

2019

Revenue$315,678
Expenses$246,044
Net Income$69,634
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 18, 2020
Return Version
2019v5.0
Gross Receipts
$315,678
Mission and Program Overview

Mission

Support efforts to promote economic and community development in low-income communities across the state of california through the qualified opportunity zone (qoz) incentive established by the united states congress in the 2017 tax cuts and jobs act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$69,634-
Savings and Temporary Cash Investments-$0-
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$69,634▲ $69,634
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$69,634-
Total Net Assets Fund Balance$0$69,634▲ $69,634
Total Liabilities and Net Assets / Fund Balance$0$69,634▲ $69,634
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Kunal MerchantPresident/Director
Monisha MerchantTreasurer/Director
Dave SmithV.p./sec./Director
Revenue and Support

Revenue Composition

Contributions and Grants
$245,178
Program Service Revenue
$70,500
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$69,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,044
Total Fundraising Expense$6,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$117,000$6,500$6,500$130,000
Fees for Services Lobbying$35,000--$35,000
Travel$15,098$114-$15,212
Fees for Services Legal-$8,849-$8,849
All Other Expenses$3,450$713-$4,163
Information Technology$155$3,381-$3,536
Other Expenses$1,988$4,954-$1,988
Conferences and Meetings$1,011$284-$1,295
Insurance-$688-$688
Fees for Services Accounting-$366-$366
Total Functional Expenses$213,695$25,849$6,500$246,044
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$35,000
Total Nondeductible Lobbying and Political Cost$35,000
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kunal MerchantPresident/dir.Independent ContractorNo$95,000
Dave SmithV.p./sec./dir.Independent ContractorNo$35,000

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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Kunal merchant and monisha merchant are brother and sister and both board members.”

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

“Annual form 990 materials will be discussed and approved by board of directors prior to submittal.”

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

“Each year all board members are rquired to sign a conflict of interest policy.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Caloz
EIN
83-4511509
Phone
5105431642
Address
2072 LA ORINDA PLACE, CONCORD, CA 94518

Signing Officer

Name
Kunal Merchant
Title
President/Director
Signed
2020-08-18
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523
Preparer
Peter Medina
Phone
9259300902
Supplemental Narrative

Additional Explanations

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

“Other program services 4: local capacity buildingcaloz is committed to helping communities build the capacity needed to leverage qoz investment to further their economic and community development goals. Caloz helps caloz members engage local community stakeholders in designing and building steady pipelines of quality and fund-ready opportunity zone investments. On a fee-for-service basis, caloz plans and facilitates workshops with regional leaders to help caloz members educate their communities about qoz basics, identify desired qoz project types and outcomes, and develop implementation plans to support desired qoz projects through the development process. Both caloz members and non-members may attend workshops depending on event goals and capacity. Our organization began conducting this program in july 2019 and anticipates spending approximately 15% of our time and efforts on this initiative.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0CALOZ STATE POLICY WORKING GROUPCALOZ IS FOCUSED ON PROMOTING SOUND OPPORTUNITY ZONE PUBLIC POLICY IN CALIFORNIA. IN DOING SO, WE SUPPORT POLICIES THAT ENCOURAGE QUALITY INVESTMENTS IN OPPORTUNITY ZONES THAT ACHIEVE A "TRIPLE BOTTOM LINE" CRITERIA OF STRONG ECONOMIC, SOCIAL AND ENVIRONMENTAL RETURNS. WE PURSUE THIS WORK VIA AN INVITATION-ONLY POLICY WORKING GROUP COMPRISED OF CALOZ MEMBERS REPRESENTING DIVERSE BUSINESS, GOVERNMENT, PHILANTHROPIC AND COMMUNITY ORGANIZATIONS. SPECIFIC ACTIVITIES OF THE POLICY WORKING GROUP INCLUDE: (A) REGULAR CALLS, EMAILS AND MEETINGS TO EXCHANGE UPDATES AND DISCUSS STRATEGY; (B) CALLS, LETTERS, EMAILS AND MEETINGS WITH ELECTED AND APPOINTED REPRESENTATIVES OF THE STATE OF CALIFORNIA PROVIDING INFORMATION, PERSPECTIVE AND POLICY RECOMMENDATIONS; (C) TESTIMONY AT PUBLIC HEARINGS AND EVENTS; AND (D) PERIODIC INFORMATIONAL BRIEFINGS TO BROADER MEMBERSHIP SEGMENTS AND NON-MEMBER AUDIENCES. CALOZ MAY RAISE FUNDS FROM TIME TO TIME TO RETAIN A PUBLIC AFFAIRS CONSULTANT TO ASSIST WITH THIS PROGRAM. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN APRIL 2019 AND ANTICIPATES SPENDING APPROXIMATELY 25% OF OUR TIME AND EFFORTS ON THIS INITIATIVE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0QOZ EDUCATIONCALOZ PROVIDES MEMBERS WITH A RANGE OF EDUCATIONAL RESOURCES INTENDED TO ENHANCE THEIR QOZ-RELATED ACTIVITIES IN CALIFORNIA. THESE INCLUDE: (I) ACCESS TO A MONTHLY E-NEWSLETTER WITH UPDATES ON CALOZ PROGRAMS AND RECENT QOZ DEVELOPMENTS; (II) FACILITATED INTRODUCTIONS TO OTHER CALOZ MEMBERS WITH POTENTIAL TO OFFER TECHNICAL ASSISTANCE AND STRATEGIC PARTNERSHIP; (III) VISIBILITY AND PROMOTIONAL OPPORTUNITIES VIA CALOZ PLATFORMS (E.G. E-NEWSLETTER, WEBSITE, SOCIAL MEDIA, PRINTED COLLATERAL); AND (IV) ADDITIONAL SUPPORT, EXPERTISE, INFORMATION-SHARING, AND PROBLEM-SOLVING ASSISTANCE FROM CALOZ ON QOZ- RELATED MATTERS. THE SCOPE AND INTENSITY OF EDUCATIONAL RESOURCES PROVIDED VARIES BY MEMBERSHIP CLASS AND CONTRIBUTION LEVEL AS SPECIFICALLY SET FORTH IN LINE 7 BELOW. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN APRIL 2019 AND ANTICIPATES SPENDING APPROXIMATELY 30% OF OUR TIME AND EFFORTS ON THIS INITIATIVE.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DAVE SMITH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT/DIR.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt135000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDEPENDENT CONTRACTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INDEPENDENT CONTRACTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: LOCAL CAPACITY BUILDINGCALOZ IS COMMITTED TO HELPING COMMUNITIES BUILD THE CAPACITY NEEDED TO LEVERAGE QOZ INVESTMENT TO FURTHER THEIR ECONOMIC AND COMMUNITY DEVELOPMENT GOALS. CALOZ HELPS CALOZ MEMBERS ENGAGE LOCAL COMMUNITY STAKEHOLDERS IN DESIGNING AND BUILDING STEADY PIPELINES OF QUALITY AND FUND-READY OPPORTUNITY ZONE INVESTMENTS. ON A FEE-FOR-SERVICE BASIS, CALOZ PLANS AND FACILITATES WORKSHOPS WITH REGIONAL LEADERS TO HELP CALOZ MEMBERS EDUCATE THEIR COMMUNITIES ABOUT QOZ BASICS, IDENTIFY DESIRED QOZ PROJECT TYPES AND OUTCOMES, AND DEVELOP IMPLEMENTATION PLANS TO SUPPORT DESIRED QOZ PROJECTS THROUGH THE DEVELOPMENT PROCESS. BOTH CALOZ MEMBERS AND NON-MEMBERS MAY ATTEND WORKSHOPS DEPENDING ON EVENT GOALS AND CAPACITY. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN JULY 2019 AND ANTICIPATES SPENDING APPROXIMATELY 15% OF OUR TIME AND EFFORTS ON THIS INITIATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KUNAL MERCHANT AND MONISHA MERCHANT ARE BROTHER AND SISTER AND BOTH BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL FORM 990 MATERIALS WILL BE DISCUSSED AND APPROVED BY BOARD OF DIRECTORS PRIOR TO SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR ALL BOARD MEMBERS ARE RQUIRED TO SIGN A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025849
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0213695
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246044
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IRS990/TotalProgramServiceRevenueAmt070500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0315678
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt069634
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IRS990/TravelGrp/TotalAmt015212
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02072 LA ORINDA PLACE
IRS990/USAddress/CityNm0CONCORD
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0945183019
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0WWW.CALOZ.COM
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ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KUNAL MERCHANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIR.
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALOZ
ReturnHeader/Filer/BusinessNameControlTxt0CALO
ReturnHeader/Filer/EIN0834511509
ReturnHeader/Filer/PhoneNum05105431642
ReturnHeader/Filer/USAddress/AddressLine1Txt02072 LA ORINDA PLACE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAZE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03478 BUSKIRK AVE STE 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLEASANT HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094523
ReturnHeader/PreparerPersonGrp/PhoneNum09259300902
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER MEDINA
ReturnHeader/ReturnTs02020-08-18T16:59:55-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,634
Liabilities
$0
Net assets
$69,634
Revenue
$315,678
Expenses
$246,044
Net income
$69,634
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.16$1.26$0.57$0.69
2020Detailed filing. Detailed filing data is available for this year.$0.67$1.20$0.53$1.66$2.89$1.23
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$3.16$2.46$0.70