Pacific Community Ventures
- Assets
- $20.0m
- Revenue
- $8.5m
- Investments
- $205.4k
- Employees
- 30
- Location
- Oakland, CA
- Founding
- 10/1998
- Data as of
- 12/2021
- 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 12/2021, Pacific Community Ventures employed 30 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 12/2021, Pacific Community Ventures generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 9.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE JOBS AND ECONOMIC OPPORTUNITY IN LOWER-INCOME COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES STRUCTURED ANALYSIS AND EVALUATION TO DETERMINE THE NON-FINANCIAL IMPACTS OF THE DEVELOPMENT OF INVESTMENT CAPITAL IN LOW/MODERATE INCOME COMMUNITIES. ALSO PROVIDES RESEARCH TO PROVIDE INVESTORS, POLICY MAKERS, AND ENTREPRENEUERS WITH THE INFORMATION AND TOOLS THEY NEED TO MORE EFFECTIVELY DEPLOY CAPITAL AND CREATE ECONOMIC OPPORTUNITIES IN UNDERSERVED COMMUNITIES
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 |
|---|---|---|---|
Bulbul Gupta President & CEO | Officer | 40 | $285,821 |
Robert Porter Managing Director, Ba & Le | Officer | 40 | $217,709 |
Thomas Woelfel Director, Research & Consu | 40 | $180,842 | |
Justin Fier Managing Director, Researc | Officer | 40 | $162,762 |
Robyn Miller Director, Finance & Operat | 40 | $154,522 | |
Patrick Duggan Director, Marketing | 40 | $143,539 |
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 | $6,376,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,376,342 |
| Total Program Service Revenue | $2,108,474 |
| Investment income | $31,760 |
| 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 | $8,516,576 |
| 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. | $666,292 |
| Compensation of current officers, directors, key employees. | $42,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,471,512 |
| Pension plan accruals and contributions | $39,809 |
| Other employee benefits | $499,988 |
| Payroll taxes | $176,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,874 |
| Fees for services: Accounting | $39,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,185 |
| Fees for services: Other | $830,722 |
| Advertising and promotion | $117,134 |
| Office expenses | $36,055 |
| Information technology | $178,440 |
| Royalties | $0 |
| Occupancy | $180,503 |
| Travel | $18,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,027 |
| Interest | $142,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,465 |
| All other expenses | $40,374 |
| Total functional expenses | $5,236,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,379,294 |
| Savings and temporary cash investments | $616,038 |
| Pledges and grants receivable | $41,870 |
| Accounts receivable, net | $107,766 |
| 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 | $25,915 |
| Net Land, buildings, and equipment | $42,422 |
| Investments—publicly traded securities | $6,166,314 |
| Investments—other securities | $205,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,444,805 |
| Total assets | $20,029,825 |
| Accounts payable and accrued expenses | $730,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,135,698 |
| Other liabilities | $8,947 |
| Total liabilities | $9,941,814 |
| Net assets without donor restrictions | $8,688,014 |
| Net assets with donor restrictions | $1,399,997 |
| 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 | $20,029,825 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Pacific Community Ventures has recieved totaling $1,249,059.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Battery Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT OF PCV'S MISSION TO INVEST IN SMALL BUSINESSES AND MAKE MARKETS WORK FOR SOCIAL GOOD | $234,045 |
New Venture Fund Washington, DC PURPOSE: CAPACITY BUILDING | $200,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $175,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |