Civic Intelligence

Main Street Launch

990 • Fiscal year 2024 • EIN 94-2548556

Jul 01, 2023 to Jun 30, 2024 • Filed on May 19, 2025

Organization Profilewww.mainstreetlaunch.org

View Organization Page

2101 Webster Street 1200Oakland, CA 94612

(510) 763-4297

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$24,362,000

Flat from 2024

Net Assets

Flat

$10,444,944

Flat from 2024

Liabilities

Flat

$13,917,056

Flat from 2024

Revenue And Expenses

Revenue

Flat

$5,291,164

Flat from 2024

Expenses

Flat

$8,388,879

Flat from 2024

Net Income

Flat

-$3,097,715

Flat from 2024

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 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 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

2024

Assets$24,362,000
Liabilities$13,917,056
Net Assets$10,444,944
Open 2024 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 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 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

2024

Revenue$5,291,164
Expenses$8,388,879
Net Income-$3,097,715
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 19, 2025
Return Version
2023v6.0
Gross Receipts
$5,291,164
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,885,888$11,630,551▲ $744,663
Savings and Temporary Cash Investments$8,977,605$8,013,247▼ $964,358
Cash and Non-Interest-Bearing Accounts$4,237,869$3,363,743▼ $874,126
Land, Buildings, and Equipment, Net$291,388$830,767▲ $539,379
Pledges and Grants Receivable$2,271,267$275,284▼ $1,995,983
Prepaid Expenses and Deferred Charges$90,859$112,010▲ $21,151
Accounts Receivable$549,460$86,494▼ $462,966
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$28,397,163$24,362,000▼ $4,035,163
Other Assets Total$1,092,827$49,904▼ $1,042,923
Liabilities
Unsecured Notes Loans Payable$12,418,524$8,907,997▼ $3,510,527
Other Liabilities$2,045,077$4,010,368▲ $1,965,291
Accounts Payable and Accrued Expenses$390,903$998,691▲ $607,788
Total Liabilities$14,854,504$13,917,056▼ $937,448
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,051,986$9,011,224▼ $40,762
Net Assets Without Donor Restrictions$4,490,673$1,433,720▼ $3,056,953
Total Net Assets Fund Balance$13,542,659$10,444,944▼ $3,097,715
Total Liabilities and Net Assets / Fund Balance$28,397,163$24,362,000▼ $4,035,163

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,498,711-$1,498,711
Equipment$293,331-$293,331
Buildings$68,366-$68,366
Leasehold Improvements$-1,029,641$1,036,378$6,737
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joyce WindrossEVP OperationsFT$224,677$204,002$428,679
Jacob SingerPres & CEOFT$336,360$86,562$422,922
Jen VerneEVP/ Chief Dev OffFT$148,775$217,098$365,873
Karla DeLeonEmployeeFT$198,366$52,786$251,152
Darius MahajerSVP Marketing MgrFT$140,362$85,001$225,363
Matt ChingDirector-$4,842-$4,842
Rohan KalbagDirector-$4,500-$4,500
Wendell Jones IIChairperson-$4,500-$4,500
Arthur WashingtonDirector-$4,500-$4,500
Jim WongDirector-$4,500-$4,500
Mark LindquistSecretary-$4,000-$4,000
Eric NelsonDirector-$4,000-$4,000
LaSandra HuntDirector-$3,500-$3,500
Stephanie JonesTreasurer-$3,500-$3,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Amtrino TechnologiesTechnology2603 Camino Ramon Suite 200, San Ramon, CA 94583$213,840
Net At Work IncTechnology575 8th Ave 9th floor, New York, NY 10018$144,722
Techsperiencetechnology766 Walker Avenue, Oakland, CA 94610$101,311
Revenue and Support

Revenue Composition

Contributions and Grants
$3,394,683
Program Service Revenue
$1,342,292
Investment Income
$553,916
Other Revenue
$273
All Other Contributions
$371,597
Change in Net Assets
$-3,097,715

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,291,164
Total Revenue per Audited Statements
$5,291,164
Total Revenue per Form 990
$5,291,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,277,954
Salaries, Compensation, and Employee Benefits$4,110,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,241,878$724,466-$2,966,344
Information Technology$601,733$195,205-$796,938
Payroll Taxes$547,324$177,555-$724,879
All Other Expenses$510,948$91,171-$602,119
Occupancy$346,204$112,311-$458,515
Current Officers, Directors, Trustees, and Key Employees$314,777$104,925-$419,702
Interest$314,435--$314,435
Fees for Services Accounting$161,349$52,342-$213,691
Other Expenses$124,736$40,465-$165,201
Conferences and Meetings$108,052$35,052-$143,104
Insurance$74,796$24,264-$99,060
Travel$29,041$9,421-$38,462
Advertising$4,999$1,622-$6,621
Total Functional Expenses$6,774,912$1,613,967$0$8,388,879

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,388,879
Total Expenses per Audited Statements$8,388,879
Total Expenses per Form 990$8,388,879
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
Current Portion of LT Debt$3,473,050
Unearned Revenue$320,778
other liabilities$216,540
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
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, Section B, Line 11B

“Form 990 Reviewed by Governing Body”

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

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

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

“Approved by the Board”

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

“Approved by the Board”

Form 990, Part VI, Section C, Line 19

“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
Rohan Kalbag
Title
CEO
Signed
2025-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rohan Kalbag
Formed
1979
Voting Board Members
9
Independent Board Members
9
Employees
17

Preparer

Firm
Williams Adley and Co-ca Llp
Address
7677 Oakport St Suite 1000, OAKLAND, CA 94621
Preparer
Robert H Griffin
Phone
5108938114
Raw XML AppendixShowing 400 of 582 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0390903
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0998691
IRS990/AccountsReceivableGrp/BOYAmt0549460
IRS990/AccountsReceivableGrp/EOYAmt086494
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Our 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01622
IRS990/AdvertisingGrp/ProgramServicesAmt04999
IRS990/AdvertisingGrp/TotalAmt06621
IRS990/AllOtherContributionsAmt0371597
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt091171
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0510948
IRS990/AllOtherExpensesGrp/TotalAmt0602119
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Rohan Kalbag
IRS990/BooksInCareOfDetail/PhoneNum05107634297
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02101 Webster St Suite 1200
IRS990/BooksInCareOfDetail/USAddress/CityNm0Oakland
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094612
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04237869
IRS990/CashNonInterestBearingGrp/EOYAmt03363743
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0104925
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0314777
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0419702
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt035052
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0108052
IRS990/ConferencesMeetingsGrp/TotalAmt0143104
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0101311
IRS990/ContractorCompensationGrp/CompensationAmt1144722
IRS990/ContractorCompensationGrp/CompensationAmt2213840
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0766 Walker Avenue
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1575 8th Ave 9th floor
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt22603 Camino Ramon Suite 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Oakland
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2San Ramon
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd094610
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd110018
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd294583
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Techsperience
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Net At Work Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Amtrino Technologies
IRS990/ContractorCompensationGrp/ServicesDesc0technology
IRS990/ContractorCompensationGrp/ServicesDesc1Technology
IRS990/ContractorCompensationGrp/ServicesDesc2Technology
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03394683
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0553916
IRS990/CYOtherExpensesAmt04277954
IRS990/CYOtherRevenueAmt0273
IRS990/CYProgramServiceRevenueAmt01342292
IRS990/CYRevenuesLessExpensesAmt0-3097715
IRS990/CYSalariesCompEmpBnftPaidAmt04110925
IRS990/CYTotalExpensesAmt08388879
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05291164
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PROGRAM ACCOMPLISHMENTIn the last 10 years, Main Street Launch has made loans totaling $94.1 million to more than 1,100 businesses, creating and sustaining over 6,100 jobs. These loans supported 47% women-owned businesses, 59% minority-owned businesses, 29% new businesses, 42% businesses in low to moderate income (LMI) areas, and 68% of borrowers were LMI entrepreneurs. Main Street Launch provides lending services across the entire state of California, with a particular focus on Oakland and San Francisco. During FY24, Main Street Launch provided technical assistance to 700 entrepreneurs and loaned $10.4 million to 96 California small businesses, including 29 businesses in San Francisco and 20 in Oakland. These businesses created and sustained over 300 jobs. Main Street Launchs technical assistance and lending activity has resulted in job creation and income for residents in LMI communities, increased wealth for underserved 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, increasing tax revenue of city services and residents access to goods and services.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt09051986
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt09011224
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt06774912
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt052342
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0161349
IRS990/FeesForServicesAccountingGrp/TotalAmt0213691
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt036358
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt136562
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt232836
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt323138
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt428889
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Joyce Windross
IRS990/Form990PartVIISectionAGrp/PersonNm1Jacob Singer
IRS990/Form990PartVIISectionAGrp/PersonNm2Jen Verne
IRS990/Form990PartVIISectionAGrp/PersonNm3Karla DeLeon
IRS990/Form990PartVIISectionAGrp/PersonNm4Darius Mahajer
IRS990/Form990PartVIISectionAGrp/PersonNm5Matt Ching
IRS990/Form990PartVIISectionAGrp/PersonNm6Rohan Kalbag
IRS990/Form990PartVIISectionAGrp/PersonNm7Wendell Jones II
IRS990/Form990PartVIISectionAGrp/PersonNm8Jim Wong
IRS990/Form990PartVIISectionAGrp/PersonNm9Arthur Washington
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK LINDQUIST
IRS990/Form990PartVIISectionAGrp/PersonNm11Eric Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm12Stephanie Jones
IRS990/Form990PartVIISectionAGrp/PersonNm13LaSandra Hunt
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0392321
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1386360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2333037
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3228014
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4196474
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt54842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt64500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt74500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt84500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt94500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt104000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt114000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt123500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt133500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0EVP Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt1Pres & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EVP/ Chief Dev Off
IRS990/Form990PartVIISectionAGrp/TitleTxt3Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt4SVP Marketing Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt03023086
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05291164
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0195205
IRS990/InformationTechnologyGrp/ProgramServicesAmt0601733
IRS990/InformationTechnologyGrp/TotalAmt0796938
IRS990/InsuranceGrp/ManagementAndGeneralAmt024264
IRS990/InsuranceGrp/ProgramServicesAmt074796
IRS990/InsuranceGrp/TotalAmt099060
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0314435
IRS990/InterestGrp/TotalAmt0314435
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0553916
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0553916
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01036378
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0291388
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0830767
IRS990/LandBldgEquipCostOrOtherBssAmt01867145
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Our 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt013542659
IRS990/NetAssetsOrFundBalancesEOYAmt010444944
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04490673
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01433720
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0112311
IRS990/OccupancyGrp/ProgramServicesAmt0346204
IRS990/OccupancyGrp/TotalAmt0458515
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01092827
IRS990/OtherAssetsTotalGrp/EOYAmt049904
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Provision Loan Loss
IRS990/OtherExpensesGrp/Desc1Secondary Market Exp
IRS990/OtherExpensesGrp/Desc2Bank charges
IRS990/OtherExpensesGrp/Desc3Misc Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045168
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140465
IRS990/OtherExpensesGrp/ProgramServicesAmt0816804
IRS990/OtherExpensesGrp/ProgramServicesAmt1438602
IRS990/OtherExpensesGrp/ProgramServicesAmt2139234
IRS990/OtherExpensesGrp/ProgramServicesAmt3124736
IRS990/OtherExpensesGrp/TotalAmt0816804
IRS990/OtherExpensesGrp/TotalAmt1438602
IRS990/OtherExpensesGrp/TotalAmt2184402
IRS990/OtherExpensesGrp/TotalAmt3165201
IRS990/OtherLiabilitiesGrp/BOYAmt02045077
IRS990/OtherLiabilitiesGrp/EOYAmt04010368
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0273
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0273
IRS990/OtherRevenueTotalAmt0273
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0724466
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02241878
IRS990/OtherSalariesAndWagesGrp/TotalAmt02966344
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt010885888
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt011630551
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0177555
IRS990/PayrollTaxesGrp/ProgramServicesAmt0547324
IRS990/PayrollTaxesGrp/TotalAmt0724879
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02271267
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0275284
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt090859
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0112010
IRS990/PrincipalOfficerNm0Rohan Kalbag
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for services
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc2Loan sale income
IRS990/ProgramServiceRevenueGrp/Desc3Loan Servicing Fees
IRS990/ProgramServiceRevenueGrp/Desc4Return on investment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0304344
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1187572
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2490505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3155918
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4203953
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0304344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1187572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2490505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3155918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4203953
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05467072
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0546916
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03042152
IRS990/PYOtherRevenueAmt0328682
IRS990/PYProgramServiceRevenueAmt01176231
IRS990/PYRevenuesLessExpensesAmt0263286
IRS990/PYSalariesCompEmpBnftPaidAmt04213463
IRS990/PYTotalExpensesAmt07255615
IRS990/PYTotalRevenueAmt07518901
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3097715
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08977605
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08013247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03394683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05467072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07644356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09110612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06074518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt031691241
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0553916
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0546916
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0613992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0959158
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02673982
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt077526
IRS990ScheduleA/OtherIncome170Grp/TotalAmt077526

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$24,362,000
Liabilities
$13,917,056
Net assets
$10,444,944
Revenue
$5,291,164
Expenses
$8,388,879
Net income
-$3,097,715
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
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