Growth Sector Company

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Cajetan Pereira
Co-Director
$250,000
David Gruber
Co-Director
$250,000
Gabriel Hanzel-Sello
Program Manager
$122,333
Michael Bernick
Board Chair
$0
Bruno Peguese
Board Member
$0
Martha Amram
Board Member
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Growth Sector Company has recieved totaling $2,781,834.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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