Civic Intelligence

Main Street Launch

990 • Fiscal year 2021 • EIN 94-2548556

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization Profileobdc.com

View Organization Page

2101 Webster Street 1200Oakland, CA 94612

(510) 763-4297

Siviq Scores

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

Liabilities / Assets

80th percentile

0.61x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.59x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$383,555

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

37th percentile

5.7%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

55%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$33,776,792

Up $1,825,701 (+5.7%) from 2020

Net Assets

Up

$13,325,110

Up $4,461,588 (+50%) from 2020

Liabilities

Down

$20,451,682

Down $2,635,887 (-11%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin78th percentile

Revenue

Up

$12,838,427

Up $4,572,096 (+55%) from 2020

Expenses

Up

$8,376,838

Up $936,690 (+13%) from 2020

Net Income

Up

$4,461,589

Up $3,635,406 (+440%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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 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

2021

Assets$33,776,792
Liabilities$20,451,682
Net Assets$13,325,110
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

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 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

2021

Revenue$12,838,427
Expenses$8,376,838
Net Income$4,461,589
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$12,838,427
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$12,778,224$13,881,794▲ $1,103,570
Savings and Temporary Cash Investments$9,946,216$9,302,612▼ $643,604
Cash and Non-Interest-Bearing Accounts$5,845,712$8,742,227▲ $2,896,515
Land, Buildings, and Equipment, Net$765,876$573,232▼ $192,644
Pledges and Grants Receivable$1,130,605$459,743▼ $670,862
Accounts Receivable$608,081$124,994▼ $483,087
Prepaid Expenses and Deferred Charges$52,564$55,644▲ $3,080
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$31,951,090$33,776,792▲ $1,825,702
Other Assets Total$823,812$636,546▼ $187,266
Liabilities
Unsecured Notes Loans Payable$14,241,748$10,541,907▼ $3,699,841
Mortgage Notes Payable Secured by Investment Property$1,680,381$5,961,840▲ $4,281,459
Other Liabilities$6,543,411$3,347,291▼ $3,196,120
Accounts Payable and Accrued Expenses$622,029$600,644▼ $21,385
Total Liabilities$23,087,569$20,451,682▼ $2,635,887
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,039,289$10,691,789▲ $4,652,500
Net Assets Without Donor Restrictions$2,824,232$2,633,321▼ $190,911
Total Net Assets Fund Balance$8,863,521$13,325,110▲ $4,461,589
Total Liabilities and Net Assets / Fund Balance$31,951,090$33,776,792▲ $1,825,702

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$814,706-$814,706
Equipment$293,331-$293,331
Buildings$68,366-$68,366
Leasehold Improvements$-603,171$609,908$6,737
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jacob SingerPresident & CEOFT$260,000$123,555$383,555
Joyce WindrossEVP OperationsFT$166,100$212,009$378,109
Jen LeybovichEVP Strat & DevFT$121,578$213,160$334,738
Karla DeLeonChief Credit OfficFT$168,327$82,187$250,514
Darius MahajerSVP Marketing MgrFT$119,107$123,975$243,082
Robert LattimoreEvpFT$129,365$74,770$204,135
Jim WongDirector-$7,000-$7,000
Stephanie JonesTreasurer-$7,000-$7,000
Mark LindquistSecretary-$5,500-$5,500
Wendell Jones IIChairperson-$5,500-$5,500
Arthur WashingtonDirector-$5,500-$5,500
Gladys GreenViceChairperson-$5,500-$5,500
LaSandra HuntDirector-$5,000-$5,000
Matt ChingDirector-$5,000-$5,000
Tiffany ShortDirector-$5,000-$5,000
Eric NelsonDirector-$4,500-$4,500

Highest Paid Contractors

ContractorServicesLocationCompensation
TechsperienceTechnology766 Walker Avenue, Oakland, CA 94610$118,003
Revenue and Support

Revenue Composition

Contributions and Grants
$9,110,612
Program Service Revenue
$2,719,058
Investment Income
$655,662
Other Revenue
$353,095
Change in Net Assets
$4,461,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,435,126
Salaries, Compensation, and Employee Benefits$3,941,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,934,932$363,920-$2,298,852
Current Officers, Directors, Trustees, and Key Employees$856,782$163,196-$1,019,978
All Other Expenses$705,963$35,208-$741,171
Payroll Taxes$517,150$105,732-$622,882
Interest$460,216--$460,216
Occupancy$331,958$93,170-$425,128
Depreciation Depletion$154,268$38,376-$192,644
Other Expenses$164,219$127,867-$164,219
Insurance$65,715$23,507-$89,222
Fees for Services Other-$87,157-$87,157
Travel$42,001$8,370-$50,371
Advertising$531--$531
Total Functional Expenses$7,330,335$1,046,503$0$8,376,838
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
Unearned Revenue$2,618,002
Accrued Expenses$379,726
Other Liabilities$349,563
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, 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 1200, OAKLAND, CA 94612

Signing Officer

Name
Jacob Singer
Title
President & CEO
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Singer
Formed
1979
Voting Board Members
10
Independent Board Members
10
Employees
20

Preparer

Firm
Williams Adley and Co-ca Llp
Address
7677 Oakport St Suite 1000, OAKLAND, CA 94621
Preparer
Robert H Griffin
Phone
5108938114
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IRS990/Desc0Our collaborative approach helps our clients create jobs and stimulate economic development in low-to-moderate income communities. The organization provided technical assistance to small business owners, originates business loans and grants, and works with local, state, and Federal government agencies to drive economic development results in low to moderate income areas and for low-to-moderate income business owners. Main Street Launch is certified by the United States Treasury Department as a Community Development Financial Institution (CDFI) and has delegated authority from the Small Business Administration as an SBA Community Advantage lender.
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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,776,792
Liabilities
$20,451,682
Net assets
$13,325,110
Revenue
$12,838,427
Expenses
$8,376,838
Net income
$4,461,589
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
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