Microenterprise Collaborative Of Inland Southern California
- Assets
- $684.0k
- Revenue
- $187.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Fontana, CA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3903493
Organization Overview
Microenterprise Collaborative Of Inland Southern California is located in Fontana, CA. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microenterprise Collaborative Of Inland Southern California 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, Microenterprise Collaborative Of Inland Southern California generated $187.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $293.3k during the year ending 12/2023. 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 CREATE AND SUSTAIN BUSINESSES AND JOBS THROUGH MICRO-BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION, MARKETING, AND OUTREACH TO ENCOURAGE SMALL BUSINESS OWNERS TO ACCESS BUSINESS RESOURCES AND CAPITAL IN ORDER TO GROW THEIR BUSINESSES. AS A RESULT OF OUR PARTNERSHIP WITH SMALL BUSINESS AGENCIES, WE REGRANTED $74,000 TO MICRO DEVELOPMENT AGENCIES THANKS TO THE JAMES IRVINE FOUNDATION. THIS FUNDING ALLOWS MICROENTERPRISE COLLABORATIVE TO SUPPORT OTHER ORGANIZATIONS THAT PROVIDE CRITAL ASSISSTANCE TO SMALL BUSINESSES AND ENTREPRENEURS.
INCREASED ACCESS TO CAPITAL BY HAVING UNIVERSITIES, CITIES AND CHAMBERS HOST OUR SMALL BUSINESS ASSISTANCE WEBTOON ON THEIR WEBSITES AT NO COST. MAKING THESE RESOURCES READILY AVAILABLE REMOVES BARRIERS AND EXPANDS SUPPORT FOR SMALL BUSINESS OWNERS.
DISTRIBUTED OUR SMALL BUSINESS ASSISTANCE WEB-BASED TOOL TO OVER 2,500 ASPIRING ENTREPRENEURS TO HELP THEM IN STARTING THEIR BUSINESS AND BY PROVIDING THIS RESOURCE, WE ARE HELPING MOVE SMALL BUSINESSES LAUNCH WITH PROPER PLANNING AND KNOWLEDGE. IN ADDITION, THIS TOOL HELPS TO GROW THE CAPACITY OF EXISTING SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Skiljan Chair | OfficerTrustee | 1 | $0 |
Brandon Sellers Director | Trustee | 1 | $0 |
Damon Santos Director | Trustee | 1 | $0 |
Lindsay Chung Director | Trustee | 1 | $0 |
Lisa Kiplinger-Kennedy Secretary | OfficerTrustee | 1 | $0 |
Sherry Shimshock Director | Trustee | 1 | $0 |
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 | $182,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,000 |
| Total Program Service Revenue | $0 |
| Investment income | $5,555 |
| 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 | $187,555 |
| 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. | $117,569 |
| Compensation of current officers, directors, key employees. | $17,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $141 |
| Fees for services: Accounting | $8,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,652 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,013 |
| All other expenses | $7,312 |
| Total functional expenses | $293,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,021 |
| Accounts payable and accrued expenses | $11,559 |
| 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 | $11,559 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $672,462 |
| 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 | $684,021 |
Grants Awarded
Over the last fiscal year, Microenterprise Collaborative Of Inland Southern California has awarded $44,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAKING HOPE HAPPEN FOUNDATION PURPOSE: Small Business Development | $25,000 |
UNIVERSITY ENTERPRISE CORP PURPOSE: Small Business Development | $19,600 |