Upstart Bay Area
- Assets
- $3.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Oakland, CA
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 26-3094076
Organization Overview
Upstart Bay Area is located in Oakland, CA. The organization was established in 2009. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Upstart Bay Area employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upstart Bay Area 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 06/2023, Upstart Bay Area generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 17.6% per year over the past 8 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.
Since 2017, Upstart Bay Area has awarded 178 individual grants totaling $8,790,265. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE GROWTH, NURTURE IDEAS, AND ADVANCE NEW EXPERIENCES FOR THE JEWISH COMMUNITY BY CONNECTING IMPACT-DRIVEN ENTREPRENEURS TO EXPERTISE, COMMUNITY, AND CAPITAL. TOGETHER, WERE CREATING A MORE JUST, VIBRANT, AND INCLUSIVE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL ENTREPRENEURSHIP AND VENTURE NETWORK: UPSTART SUPPORTS A DIVERSE SET OF JEWISH ENTREPRENEURS AT EVERY STAGE OF THEIR VENTURES DEVELOPMENT. AN IDEA STAGE PROGRAM SPECIFICALLY DESIGNED TO SUPPORT UNDERREPRESENTED JEWISH ENTREPRENEURS SEEKING TO LAUNCH VENTURES; AN EARLY STAGE PROGRAM THAT PROVIDES RESOURCES AND TRAINING TO SUPPORT ENTREPRENEURS TO ACHIEVE PRODUCT-MARKET FIT FOR THEIR VENTURE; A GROWTH STAGE COHORT PROGRAM THAT TEACHES ENTREPRENEURS HOW TO RUN EFFECTIVE ORGANIZATIONS, ACQUIRE SUSTAINABLE REVENUE, AND CREATE IMPACT; A SET OF SERVICES TO HELP MEZZANINE STAGE VENTURES FORMALIZE THEIR OPERATIONS. UPSTART PARTICIPANTS AND PROGRAM ALUMNI HAVE ONGOING ACCESS TO A CLEARLY DEFINED NETWORK THAT PROVIDES ROBUST RESOURCES.
FISCAL SPONSORSHIP: UPSTART OFFERS PRE-APPROVED GRANT RELATIONSHIP FISCAL SPONSORSHIP (MODEL C FISCAL SPONSORSHIP) TO MISSION-ALIGNED ORGANIZATIONS AND CHARGES THEM A NOMINAL ADMINISTRATIVE FEE FOR OPERATING THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Katler CEO | Officer | 40 | $284,294 |
Aliza Mazor Chief Fld Bld Off. | 36 | $192,668 | |
Jed Snerson Cfoo | Officer | 40 | $194,060 |
Rebecca Kaduru Chief Strat. Off. | 40 | $190,666 | |
Aleeza Lubin Man. Dir.,prog Ops | 40 | $145,321 | |
Sarah Kornhauser Man. Dir.,soc. Ent | 40 | $142,533 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Socap Holdings Event Sponsorship Partner | 6/29/23 | $125,000 |
Open Tent Llc Restructure Consulting | 6/29/23 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $517,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,901,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,419,421 |
| Total Program Service Revenue | $145,860 |
| Investment income | $67,103 |
| 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 | $4,632,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,647,445 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,818 |
| Compensation of current officers, directors, key employees. | $242,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,889,719 |
| Pension plan accruals and contributions | $87,115 |
| Other employee benefits | $262,202 |
| Payroll taxes | $168,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $101,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540,672 |
| Advertising and promotion | $0 |
| Office expenses | $85,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,676 |
| Travel | $171,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,056 |
| Insurance | $37,334 |
| All other expenses | $233 |
| Total functional expenses | $6,075,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,788 |
| Savings and temporary cash investments | $1,203,044 |
| Pledges and grants receivable | $1,382,736 |
| Accounts receivable, net | $279,288 |
| 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 | $89,794 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,612 |
| Other assets | $0 |
| Total assets | $3,750,262 |
| Accounts payable and accrued expenses | $248,272 |
| 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 | $248,272 |
| Net assets without donor restrictions | $2,116,990 |
| Net assets with donor restrictions | $1,385,000 |
| 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 | $3,750,262 |
Grants Awarded
Over the last fiscal year, Upstart Bay Area has awarded $1,596,945 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BELOVED BUILDERS PURPOSE: NETWORK GRANTS | $22,900 |
ALEPH ALLIANCE FOR JEWISH REN PURPOSE: NETWORK GRANTS | $30,000 |
BLUE DOVE FOUNDATION INC PURPOSE: VENTURE ACCEL. | $90,000 |
3GNY PURPOSE: EARLY STAGE GRANT | $20,500 |
BRUCHIM PURPOSE: NETWORK GRANTS | $20,500 |
CHITRIBE PURPOSE: NETWORK GRANTS | $14,400 |