Ica Fund

Organization Overview

Ica Fund is located in Oakland, CA. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ica Fund employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ica Fund 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 12/2022, Ica Fund generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 13.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

1 NEW CONVERTIBLE LOAN, 4 NEW WORKING CAPITAL LOAN, 9 NEW IMPACT NOTES DEPLOYED TO SMALL BUSINESS.


75 ENTREPRENEURS SERVED THROUGH EDUCATION OFFERINGS.


193.3 HOURS OF ADVISING HOURS PROVIDED TO SMALL BUSINESSES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,386,491
Noncash contributions included in lines 1a–1f $1,104
Total Revenue from Contributions, Gifts, Grants & Similar$6,386,491
Total Program Service Revenue$271,665
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 $6,663,281

Grants Awarded

Over the last fiscal year, Ica Fund has awarded $126,843 in support to 2 organizations.

Grant RecipientAmount

WORKING SOLUTIONS CDFI

PURPOSE: GENERAL SUPPORT

$75,000

MILLS COLLEGE

PURPOSE: GENERAL SUPPORT

$51,843
View Grant Profile

Peer Organizations

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Klamath-Lake Community Action Services
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Powerswitch Action
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Antelope Valley Partners For Health
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Opening Doors Inc
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East Los Angeles Community Union
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$11,227,883
Las Sendas Community Association
Scottsdale, AZ
$6,808,593
Downtown Santa Monica Inc
Santa Monica, CA
$9,672,351
Union Square Business Improvement District
San Francisco, CA
$8,566,874
The Contingent
Portland, OR
$7,241,233
Downtown Center Business Improvement District Inc
Los Angeles, CA
$8,043,986
Templo Calvario Community Development Corporation
Santa Ana, CA
$7,483,529
Summerlin West Community Association
Las Vegas, NV
$8,422,328
Washington County Visitors Association
Beaverton, OR
$5,054,191
Fruitvale Development Corporation Inc
Oakland, CA
$5,898,964

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