Growth Sector Company is located in San Francisco, CA. The organization was established in 2008. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Growth Sector Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Sector Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Growth Sector Company generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE REGIONAL AND STATEWIDE WORKFORCE INITIATIVES LEADING DISADVANTAGED YOUTH AND ADULTS TO HIGH WAGE, HIGH GROWTH JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROWTH SECTOR WORKS WITH THIRTY COMMUNITY COLLEGES ACROSS THE COUNTY TO IMPLEMENT THE "STEM CORE" - A BRIDGE PROGRAM TO PREPARE AND SUPPORT REMEDIAL STUDENTS ON A PATHWAY LEADING TO HIGH WAGE, HIGH GROWTH JOBS IN COMPUTER SCIENCE AND ENGINEERING. THE STEM CORE INCLUDES ACCELERATED AND CONTEXTUALIZED MATH, COHORT-BASED LEARNING COMMUNITIES, INTERNSHIPS AND INTENSIVE SOCIAL AND ACADEMIC SUPPORT. GROWTH SECTOR DEVELOPED THE STEM CORE VISION, ENGAGED COLLEGES AND EMPLOYERS INCLUDING MULTIPLE NASA CENTERS AND DEPARTMENT OF ENERGY FEDERAL LABORATORIES, STRUCTURED MODEL INTERNSHIP PROGRAMS AND, WITH SADDLEBACK, DEVELOPED A SUCCESSFUL PROPOSAL FOR FUNDING FROM THE NATIONAL SCIENCE FOUNDATION. FOLLOWING RECEIPT OF NATIONAL SCIENCE FOUNDATION GRANT AWARD, GROWTH SECTOR BEGAN WORKING WITH ADMINISTRATORS AND FACULTY FROM PARTNER COLLEGES TO IMPLEMENT THE PROGRAM EXPECTED TO SERVE OVER 3,000 STUDENTS IN THE NEXT FIVE YEARS. GROWTH SECTOR CONTINUED ITS WORK IN DEVELOPING PATHWAYS TO ENGINEERING AND COMPUTER SCIENCE FOR THE NATION'S REMEDIAL LEVEL COMMUNITY COLLEGE STUDENTS (70%-80% OF THE TOTAL POPULATION). PATHWAYS ARE BUILT ON THE STEM CORE, AN INTENSIVE YEAR LONG PROGRAM INTEGRATING NATIONAL BEST PRACTICES INCLUDING ACCELERATED AND CONTEXTUALIZED MATH, COHORT BASED LEARNING COMMUNITIES, INTRODUCTION TO STEM CAREERS, INTENSIVE STUDENTSUPPORT AND THE OPPORTUNITY FOR PAID INTERNSHIPS. GROWTH SECTOR CONTINUED TO COORDINATE AND OVERSEE INDUSTRY INTERNSHIPS FOR STEM CORE STUDENTS. DURING THE SUMMER OF 2019, OVER 60 STEM CORE STUDENTS WERE PLACED INTO INDUSTRY INTERNSHIPS WITH PARTNER EMPLOYERS INCLUDING LAWRENCE LIVERMORE NATIONAL LAB, SLAC NATIONAL LAB, NASA AMES RESEARCH CENTER, TRC SOLUTIONS AND OTHERS.GROWTH SECTOR ALSO CONTINUED THE BALTIMORE STEM CORE- BRINGING THE TENETS OF THE STEM CORE TO RISING SENIORS AT TWO BALTIMORE CITY HIGH SCHOOLS. PROGRAM PARTICIPANTS COMPLETED MATH COURSES TAUGHT AT THEIR HIGH SCHOOL BY BALTIMORE CITY COMMUNITY COLLEGE FACULTY, COMPLETED INDUSTRY-MENTORED, HANDS-ON ENGINEERING PROJECTS, AND HEARD FROM LOCAL STEM PROFESSIONAL GUEST SPEAKERS. GROWTH SECTOR WORKED WITH FIVE REGIONAL HUBS TO EXPAND THE STEM CORE TO PARTNER COMMUNITY COLLEGES IN CALIFORNIA, NEW MEXICO, COLORADO, MARYLAND, AND WASHINGTON. GROWTH SECTOR ALSO WORKED WITH NUMEROUS NATIONAL ENERGY LABS TO DEVELOP INTERNSHIPS AND JOB PLACEMENTS FOR STEM CORE STUDENTS INCLUDING LAWRENCE LIVERMORE NATIONAL LAB, SLAC NATIONAL LAB, BERKELEY LAB, AND SANDIA NATIONAL LAB.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cajetan Pereira Co-Director | OfficerTrustee | 40 | $250,000 |
David Gruber Co-Director | OfficerTrustee | 40 | $250,000 |
Gabriel Hanzel-Sello Program Manager | 40 | $122,333 | |
Michael Bernick Board Chair | OfficerTrustee | 2 | $0 |
Bruno Peguese Board Member | Trustee | 2 | $0 |
Martha Amram Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $954,866 |
All other contributions, gifts, grants, and similar amounts not included above | $1,267,428 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,222,294 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,222,294 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $586,924 |
Compensation of current officers, directors, key employees. | $117,386 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $260,665 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,937 |
Payroll taxes | $29,978 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $57,895 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $696,443 |
Advertising and promotion | $0 |
Office expenses | $9,019 |
Information technology | $5,399 |
Royalties | $0 |
Occupancy | $9,000 |
Travel | $2,931 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,478 |
Interest | $142 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $9,824 |
All other expenses | $0 |
Total functional expenses | $1,679,893 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $829,005 |
Savings and temporary cash investments | $36 |
Pledges and grants receivable | $253,151 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,082,192 |
Accounts payable and accrued expenses | $348,933 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $348,933 |
Net assets without donor restrictions | $733,259 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,082,192 |
Over the last fiscal year, we have identified 4 grants that Growth Sector Company has recieved totaling $2,781,834.
Awarding Organization | Amount |
---|---|
James Irvine Foundation San Francisco, CA PURPOSE: PATHWAYS TO STEM DEGREES AND CAREERS | $1,333,334 |
James Irvine Foundation San Francisco, CA PURPOSE: PATHWAYS TO STEM DEGREES AND CAREERS | $666,666 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT ENGINEERING APPRENTICESHIPS | $443,334 |
Tipping Point Community San Francisco, CA PURPOSE: EMPLOYMENT ISSUE AREA | $338,500 |
Organization Name | Assets | Revenue |
---|---|---|
Summer Search Oakland, CA | $27,211,830 | $33,940,327 |
Options For All Inc San Diego, CA | $11,651,717 | $19,801,261 |
Central Valley Opportunity Center Winton, CA | $7,895,014 | $14,975,890 |
Urban Corps Of San Diego San Diego, CA | $15,173,777 | $14,300,091 |
Film L A Inc Los Angeles, CA | $20,241,193 | $14,666,382 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Westview Services Inc Anaheim, CA | $43,801,353 | $14,508,917 |
California Indian Manpower Consortium Inc Sacramento, CA | $1,497,620 | $8,173,008 |
Conservation Corps North Bay Inc Novato, CA | $6,777,357 | $8,972,735 |
Solano County Private Industry Council Inc Fairfiled, CA | $1,306,172 | $7,947,127 |