Pacific Community Ventures
- Assets
- $32.0m
- Revenue
- $7.7m
- Investments
- $131.2k
- Employees
- 28
- Location
- Oakland, CA
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 77-0485877
Organization Overview
Pacific Community Ventures is located in Oakland, CA. The organization was established in 1998. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Pacific Community Ventures employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Community Ventures 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 12/2023, Pacific Community Ventures generated $7.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SMALL BUSINESS OWNERS AND THEIR COMMUNITIES IN THE FIGHT FOR ECONOMIC, RACIAL AND GENDER JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION LAB - THIS PROGRAM DESIGNS PRODUCTS, SERVICES, AND COMMUNICATIONS TO HELP OUR SMALL BUSINESS CLIENTS MAXIMIZE THEIR LOCAL ECONOMIC IMPACT THROUGH THE POWER OF PROVIDING GOOD JOBS WITH DIGINITY. THE GOOD JOBS INNOVATION LAB USES BEHAVIORAL ECONOMICS, APPLIED RESEARCH, AND DATA ANALYTICS TO PROMOTE EVIDENCE-BASED, HIGH IMPACT INTERVENTIONS THAT LEAD TO A MORE INCLUSIVEECONOMY.
SMALL BUSINESS ADVISING INTEGRATED LENDING LOAN FUND PROVIDES DEBT CAPITAL AND RESOURCES TO HIGH GROWTH CALIFORNIA BUSINESSES THAT CREATE JOBS AND OPPORTUNITIES IN LOWER INCOME COMMUNITIES.
PROVIDES SMALL, UNDERCAPITALIZED BUSINESSES IN LOW/MODERATE INCOME COMMUNITIES WITH KEY RESOURCES AND INSIGHTS. THIS BUSINESS ADVISORY SERVICE ALLOWS THESE BUSINESSES TO GROW AND WEATHER CHALLENGES, WHICH CONTRIBUTES TO EMPLOYMENT IN LOW/MODERATE INCOME COMMUNITIES, AND GREATER ECONOMIC VITALITY IN THOSE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amir Kirkwood Board Member | Trustee | 1.5 | $0 |
Teresa Pahl Board Member | Trustee | 1.5 | $0 |
Sanjay Datta Board Member | Trustee | 1.5 | $0 |
Jasmine Thomas Board Member | Trustee | 1.5 | $0 |
Cecil Plummer Board Member | Trustee | 1.5 | $0 |
Cindy Kaczmarek Board Chair | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calidris Llc Lab Consulting | 12/30/23 | $179,742 |
Mygroove Design Inc G&a Consulting | 12/30/23 | $121,109 |
Gray Global Advisors Lab Consulting | 12/30/23 | $108,214 |
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 | $6,188,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,188,276 |
| Total Program Service Revenue | $1,346,048 |
| Investment income | $250,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,734,075 |
| 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. | $665,520 |
| Compensation of current officers, directors, key employees. | $206,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,968,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $743,189 |
| Payroll taxes | $205,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,973 |
| Fees for services: Other | $954,029 |
| Advertising and promotion | $30,229 |
| Office expenses | $37,213 |
| Information technology | $268,727 |
| Royalties | $0 |
| Occupancy | $206,132 |
| Travel | $126,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,304 |
| Interest | $358,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,422 |
| Insurance | $45,897 |
| All other expenses | $90,514 |
| Total functional expenses | $6,411,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,632 |
| Savings and temporary cash investments | $8,001,180 |
| Pledges and grants receivable | $1,870 |
| Accounts receivable, net | $1,110,880 |
| 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 | $57,272 |
| Net Land, buildings, and equipment | $17,338 |
| Investments—publicly traded securities | $5,884,093 |
| Investments—other securities | $131,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,517,118 |
| Total assets | $32,014,630 |
| Accounts payable and accrued expenses | $672,693 |
| Grants payable | $0 |
| Deferred revenue | $95,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $66,673 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $18,003,229 |
| Other liabilities | $259,264 |
| Total liabilities | $19,096,859 |
| Net assets without donor restrictions | $10,020,164 |
| Net assets with donor restrictions | $2,897,607 |
| 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 | $32,014,630 |