Civic Intelligence

Main Street Launch

990 • Fiscal year 2024 • EIN 94-2548556

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

Organization Profilewww.mainstreetlaunch.org

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

0.57x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.63x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$428,679

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$24,362,000

Down $4,035,163 (-14%) from 2023

Net Assets

Down

$10,444,944

Down $3,097,715 (-23%) from 2023

Liabilities

Down

$13,917,056

Down $937,448 (-6.3%) from 2023

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin5th percentile

Revenue

Down

$5,291,164

Down $2,227,737 (-30%) from 2023

Expenses

Up

$8,388,879

Up $1,133,264 (+16%) from 2023

Net Income

Down

-$3,097,715

Down $3,361,001 (-1277%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2024

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

Operations Trend

Revenue Growth9th 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

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 14, 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
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joyce WindrossEVP OperationsFT$224,677$204,002$428,679
Jacob SingerPres & CEOFT$336,360$86,562$422,922
Jen VerneEvp/ CFOFT$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
2025-05-14
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
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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.
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IRS990/Form990PartVIISectionAGrp/PersonNm8Jim Wong
IRS990/Form990PartVIISectionAGrp/PersonNm9Arthur Washington
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK LINDQUIST
IRS990/Form990PartVIISectionAGrp/PersonNm11Eric Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm12Stephanie Jones
IRS990/Form990PartVIISectionAGrp/PersonNm13LaSandra Hunt
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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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.
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IRS990ScheduleA/PublicOrganization170Ind0X

Document Assets

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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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits