Goleta Entrepreneurial Magnet
- Assets
- $220.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Goleta, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1008477
Organization Overview
Goleta Entrepreneurial Magnet is located in Goleta, CA. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Goleta Entrepreneurial Magnet employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goleta Entrepreneurial Magnet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MONTHLY WORKSHOPS AIMED TOWARDS STARTUPS; SUMMER ACCELERATOR PROGRAM THAT PROVIDES FUNDING AND MENTORSHIP FOR UCSB STARTUPS; AND INCUBATOR PROGRAM TO SUPPORT LOCAL ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vyto Adomaitis Director | 2 | $0 | |
Dave Adornetto Director | 2 | $0 | |
Jaime Valdez Treasurer | 2 | $0 | |
Ryan Kintz Chairman | 2 | $0 | |
Tal Margalith Director | 2 | $0 | |
Kyle Lewis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,317 |
| Total expenses | $32,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $203,620 |
| Other assets | $0 |
| Total assets | $220,029 |
| Total liabilities | $0 |
| Net assets or fund balances | $220,029 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goleta Entrepreneurial Magnet has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |
Phoenix Community Development And Investment Corporation Phoenix, AZ | $40,907,790 | $6,695,939 |