Civic Intelligence

Main Street Launch

990 • Fiscal year 2018 • EIN 94-2548556

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 15, 2019

Organization Profileobdc.com

View Organization Page

2101 Webster StreetOakland, CA 94612

(510) 763-4297

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$20,063,149

Flat from 2018

Net Assets

Flat

$7,264,709

Flat from 2018

Liabilities

Flat

$12,798,440

Flat from 2018

Revenue And Expenses

Revenue

Flat

$6,842,784

Flat from 2018

Expenses

Flat

$5,580,553

Flat from 2018

Net Income

Flat

$1,262,231

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $7,020,947Liabilities 2011: $4,377,472Net Assets 2011: $2,643,4752011Assets 2012: $9,258,038Liabilities 2012: $5,639,637Net Assets 2012: $3,618,4012012Assets 2013: $9,933,967Liabilities 2013: $6,051,877Net Assets 2013: $3,882,0902013Assets 2014: $11,453,853Liabilities 2014: $6,817,804Net Assets 2014: $4,636,0492014Assets 2015: $11,429,747Liabilities 2015: $6,718,758Net Assets 2015: $4,710,9892015Assets 2016: $14,054,666Liabilities 2016: $8,855,192Net Assets 2016: $5,199,4742016Assets 2017: $15,666,510Liabilities 2017: $9,664,032Net Assets 2017: $6,002,4782017Assets 2018: $20,063,149Liabilities 2018: $12,798,440Net Assets 2018: $7,264,7092018Assets 2018: $20,063,149Liabilities 2018: $12,798,440Net Assets 2018: $7,264,7092018Assets 2019: $23,893,477Liabilities 2019: $15,856,137Net Assets 2019: $8,037,3402019Assets 2020: $31,951,091Liabilities 2020: $23,087,569Net Assets 2020: $8,863,5222020Assets 2021: $33,776,792Liabilities 2021: $20,451,682Net Assets 2021: $13,325,1102021Assets 2022: $30,976,803Liabilities 2022: $17,697,430Net Assets 2022: $13,279,3732022Assets 2023: $28,397,163Liabilities 2023: $14,854,504Net Assets 2023: $13,542,6592023Assets 2024: $24,362,000Liabilities 2024: $13,917,056Net Assets 2024: $10,444,9442024Assets 2025: $26,128,268Liabilities 2025: $14,751,012Net Assets 2025: $11,377,2562025

Highlighted filing

2018

Assets$20,063,149
Liabilities$12,798,440
Net Assets$7,264,709
Open 2018 Filing

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,941,894Expenses 2011: $1,920,439Net Income 2011: $21,4552011Expenses 2012: $1,937,9072012Expenses 2013: $2,163,9202013Revenue 2014: $3,788,617Expenses 2014: $3,034,658Net Income 2014: $753,9592014Revenue 2015: $3,251,645Expenses 2015: $3,176,705Net Income 2015: $74,9402015Revenue 2016: $5,255,488Expenses 2016: $4,767,003Net Income 2016: $488,4852016Revenue 2017: $5,760,288Expenses 2017: $4,957,284Net Income 2017: $803,0042017Revenue 2018: $6,842,784Expenses 2018: $5,580,553Net Income 2018: $1,262,2312018Revenue 2018: $6,842,784Expenses 2018: $5,580,553Net Income 2018: $1,262,2312018Revenue 2019: $7,447,994Expenses 2019: $6,675,363Net Income 2019: $772,6312019Revenue 2020: $8,266,331Expenses 2020: $7,440,148Net Income 2020: $826,1832020Revenue 2021: $12,838,427Expenses 2021: $8,376,838Net Income 2021: $4,461,5892021Revenue 2022: $10,030,416Expenses 2022: $10,076,153Net Income 2022: -$45,7372022Revenue 2023: $7,518,901Expenses 2023: $7,255,615Net Income 2023: $263,2862023Revenue 2024: $5,291,164Expenses 2024: $8,388,879Net Income 2024: -$3,097,7152024Revenue 2025: $6,730,392Expenses 2025: $5,798,080Net Income 2025: $932,3122025

Highlighted filing

2018

Revenue$6,842,784
Expenses$5,580,553
Net Income$1,262,231
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 15, 2019
Return Version
2017v2.2
Gross Receipts
$6,842,784
Mission and Program Overview

Mission

Our mission is to create economic opportunity by empowering entrepreneurs.Through innovative partnerships we provide business owners with capital, education, and relationships that allow them to flourish. Our collaborative approach helps our clients create jobs and stimulates economic development in low-to-moderate income communities.

To grow strong communities by providing financing and technical assistance to small businesses that provide employment service and community benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,321,842$9,973,191▲ $2,651,349
Savings and Temporary Cash Investments$2,273,386$4,681,942▲ $2,408,556
Cash and Non-Interest-Bearing Accounts$3,899,395$3,148,224▼ $751,171
Pledges and Grants Receivable$434,331$481,793▲ $47,462
Land, Buildings, and Equipment, Net$261,897$200,493▼ $61,404
Accounts Receivable$30,235$145,755▲ $115,520
Prepaid Expenses and Deferred Charges$59,478$44,968▼ $14,510
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$15,666,510$20,063,149▲ $4,396,639
Other Assets Total$1,385,946$1,386,783▲ $837
Liabilities
Unsecured Notes Loans Payable$6,279,705$9,847,504▲ $3,567,799
Mortgage Notes Payable Secured by Investment Property$1,493,599$1,411,055▼ $82,544
Accounts Payable and Accrued Expenses$599,618$987,895▲ $388,277
Other Liabilities$1,291,110$551,986▼ $739,124
Total Liabilities$9,664,032$12,798,440▲ $3,134,408
Net Assets / Fund Balance
Unrestricted Net Assets$2,370,704$3,513,739▲ $1,143,035
Permanently Rstr Net Assets$2,963,156$3,513,156▲ $550,000
Temporarily Rstr Net Assets$668,618$237,814▼ $430,804
Total Net Assets Fund Balance$6,002,478$7,264,709▲ $1,262,231
Total Liabilities and Net Assets / Fund Balance$15,666,510$20,063,149▲ $4,396,639

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$293,331-$293,331
Other Land Buildings$123,624-$123,624
Buildings$68,366-$68,366
Leasehold Improvements$-284,828$291,565$6,737
Other Assets Org$1,353,988--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jacob SingerPresident & CEOFT$252,800$35,004$287,804
Jen LeybovichEVP Strat & DevFT$155,546$27,482$183,028
Scott LewisEvp/ CFOFT$144,723$19,076$163,799
Robert LattimoreSVP Special ProjecFT$124,930$18,193$143,123
Darius MahajerSVP Market ManagerFT$123,936$14,846$138,782
Wendell Jones IIChairperson-$2,700-$2,700
Gladys GreenViceChairperson-$2,500-$2,500
Mark LindquistSecretary-$2,200-$2,200
LaSandra HuntDirector-$2,200-$2,200
Eric NelsonDirector-$2,100-$2,100
Arthur WashingtonDirector-$2,000-$2,000

Board Members and Trustees

NameTitle
Jim WongDirector
Matt ChingDirector
Tiffany ShortDirector
Stephanie JonesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Techsperiencetechnology766 Walker Avenue, Oakland, CA 94610$102,294
Revenue and Support

Revenue Composition

Contributions and Grants
$4,599,745
Program Service Revenue
$1,383,262
Investment Income
$817,150
Other Revenue
$42,627
All Other Contributions
$32,318
Change in Net Assets
$1,262,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,191,296
Other Expenses$2,389,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,521,740$298,291-$1,820,031
Current Officers, Directors, Trustees, and Key Employees$801,935--$801,935
All Other Expenses$582,771$31,461-$614,232
Other Employee Benefits$280,578$38,247-$318,825
Interest$274,428--$274,428
Payroll Taxes$220,454$30,051-$250,505
Other Expenses$167,090$21,394-$188,484
Depreciation Depletion$85,550$10,648-$96,198
Fees for Services Accounting$65,157$5,077-$70,234
Insurance$62,523$7,162-$69,685
Travel$57,694$1,943-$59,637
Advertising$50,194$1,832-$52,026
Fees for Services Legal$13,345$1,040-$14,385
Total Functional Expenses$5,102,873$477,680$0$5,580,553
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$522,885
Unearned Revenue$29,100
Rounding$1
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 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, Line 11B: Form 990 Review Process

“Form 990 Reviewed by Governing Body”

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

“The conflict of interest policy is regularly and consistently monitored and enforced.”

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

“Approved by the Board”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Approved by the Board”

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

“Audit report made available to Dun & Bradstreet”

Filing and Contact Details

Filer

Filer Name
Main Street Launch
EIN
94-2548556
Phone
5107634297
Address
2101 Webster Street, OAKLAND, CA 94612

Signing Officer

Name
Jacob Singer
Title
President & CEO
Signed
2019-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Singer
Formed
1979
Voting Board Members
10
Independent Board Members
10
Employees
27

Preparer

Firm
Williams Adley and Co-ca Llp
Address
7677 Oakport St Suite 1000, OAKLAND, CA 94621
Preparer
Robert H Griffin
Phone
5108938114
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“Allowance for Bad loans: Column (A) - Total = $95652; Column (B) - Program Services = $95652; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Bank Charges: Column (A) - Total = $35690; Column (B) - Program Services = $35690; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Board Meeting: Column (A) - Total = $21676; Column (B) - Program Services = $9686; Column (C) - Management & General = $11990; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Capital Match Access: Column (A) - Total = $26968; Column (B) - Program Services = $26968; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Community Outreach: Column (A) - Total = $250; Column (B) - Program Services = $250; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Conference and Training: Column (A) - Total = $77336; Column (B) - Program Services = $77336; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Due & Publication: Column (A) - Total = $7468; Column (B) - Program Services = $7259; Column (C) - Management & General = $209; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Equipment expense: Column (A) - Total = $52022; Column (B) - Program Services = $47256; Column (C) - Management & General = $4766; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Event Training Catering: Column (A) - Total = $3887; Column (B) - Program Services = $3887; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Internship Program: Column (A) - Total = $70885; Column (B) - Program Services = $70885; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Miscellaneous: Column (A) - Total = $70358; Column (B) - Program Services = $67045; Column (C) - Management & General = $3313; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Postage and Shipping: Column (A) - Total = $40898; Column (B) - Program Services = $36607; Column (C) - Management & General = $4291; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Relocation Expense: Column (A) - Total = $4817; Column (B) - Program Services = $4817; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Repair and Maintenance: Column (A) - Total = $2307; Column (B) - Program Services = $2307; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Sale of Loan Expense: Column (A) - Total = $22507; Column (B) - Program Services = $22507; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Technology Equipment: Column (A) - Total = $16808; Column (B) - Program Services = $14791; Column (C) - Management & General = $2017; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Telephone: Column (A) - Total = $38888; Column (B) - Program Services = $35576; Column (C) - Management & General = $3312; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Training Event Rental Expense: Column (A) - Total = $4690; Column (B) - Program Services = $4690; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Utilities: Column (A) - Total = $21125; Column (B) - Program Services = $19562; Column (C) - Management & General = $1563; Column (D) - Fundraising = $0”

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IRS990/Desc0PROGRAM ACCOMPLISHMENTIn the last ten years, Main Street Launch has made loans totaling $63.6 million to 742 businesses, creating and sustaining over 5,400 jobs. These loans supported 52% women-owned businesses, 72% businesses owned by low-to moderate income (LMI entrepreneurs, 56% minority-owned businesses, 56% businesses in LMI neighborhoods, and 50% new businesses. Main Street Launch focuses its services in three program areas: Oakland businesses, San Francisco businesses, and veteran-owned businesses throughout California. During FY18, Main Street Launch provided technical assistance to 1,532 entrepreneurs and loaned $10.7 million to 76 Oakland businesses, 45 San Francisco businesses, and 23 veteran-owned businesses, creating and sustaining 622 jobs. Main Street Launch's technical assistance and lending activity has resulted in job creation and income for residents in LMI communities, increasedwealth for under-served entrepreneurs, and increased economic activity in LMI communities. This leads to improved community vitality as a result of decreasing retail leakage, blight, and the number of empty storefronts, and increasing tax revenue for city services and residents access to goods and services.
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IRS990/Form990PartVIISectionAGrp/PersonNm6Eric Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm7Arthur Washington
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IRS990/Form990PartVIISectionAGrp/PersonNm11Jen Leybovich
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IRS990/OtherExpensesGrp/ProgramServicesAmt1304635
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IRS990/OtherExpensesGrp/TotalAmt1304635
IRS990/OtherExpensesGrp/TotalAmt2272194
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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,063,149
Liabilities
$12,798,440
Net assets
$7,264,709
Revenue
$6,842,784
Expenses
$5,580,553
Net income
$1,262,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.1$14.8$11.4$6.73$5.80$0.93
2024Detailed filing. Detailed filing data is available for this year.$24.4$13.9$10.4$5.29$8.39$3.10
2023Detailed filing. Detailed filing data is available for this year.$28.4$14.9$13.5$7.52$7.26$0.26
2022Detailed filing. Detailed filing data is available for this year.$31.0$17.7$13.3$10.0$10.1$0.05
2021Detailed filing. Detailed filing data is available for this year.$33.8$20.5$13.3$12.8$8.38$4.46
2020Detailed filing. Detailed filing data is available for this year.$32.0$23.1$8.86$8.27$7.44$0.83
2019Detailed filing. Detailed filing data is available for this year.$23.9$15.9$8.04$7.45$6.68$0.77
2018Detailed filing. Detailed filing data is available for this year.$20.1$12.8$7.26$6.84$5.58$1.26
2018Detailed filing. Detailed filing data is available for this year.$20.1$12.8$7.26$6.84$5.58$1.26
2017Detailed filing. Detailed filing data is available for this year.$15.7$9.66$6.00$5.76$4.96$0.80
2016Summary only. Only limited summary data is available for this year.$14.1$8.86$5.20$5.26$4.77$0.49
2015Detailed filing. Detailed filing data is available for this year.$11.4$6.72$4.71$3.25$3.18$0.07
2014Detailed filing. Detailed filing data is available for this year.$11.5$6.82$4.64$3.79$3.03$0.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.93$6.05$3.88$2.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.26$5.64$3.62$1.94
2011Summary only. Only limited summary data is available for this year.$7.02$4.38$2.64$1.94$1.92$0.02