Renaissance Entrepreneurship Center is located in San Francisco, CA. The organization was established in 1982. 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, Renaissance Entrepreneurship Center employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Entrepreneurship Center 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, Renaissance Entrepreneurship Center generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 3.2% 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
BRINGING THE POWER OF ENTREPRENEURSHIP TO UNDER-RESOURCED INDIVIDUALS (CONT' SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENAISSANCE PENINSULA, LOCATED IN EAST PALO ALTO, WHERE NEARLY ONE-THIRD OF FAMILIES LIVE BELOW THE POVERTY LEVEL AND ECONOMIC INEQUALITY, ESPECIALLY FOR WOMEN, IS STARK AND GROWING. SILICON VALLEY EXTREME INCOME DISPARITY IS BEING EXACERBATED BY THE PANDEMIC, FURTHER INCREASING THE STRUGGLES OF FAMILIES TO SURVIVE. HAVING LAUNCHED THE FIRST AND ONLY SMALL BUSINESS INCUBATOR IN 2015, WE ADJUSTED TO SUPPORT TENANT BUSINESSES DURING THE PANDEMIC. WE MAINTAINED A 77% TENANCY RATE WITH CLIENTS REPORTING THEY WOULD HAVE HAD TO CLOSE THEIR BUSINESSES PERMANENTLY IF THEY COULD NOT HAVE OPERATED IN OUR FACILITY. TO MEET THE NEEDS OF EMERGING RETAIL BUSINESSES, WE PIVOTED OUR POP-UP ENTREPRENEURS' MARKETPLACE TO VIRTUAL MARKETS - FOOD AND PRODUCT BUSINESSES WERE ABLE TO SELL THEIR WARES, TEST THEIR PRODUCTS, INCREASE THEIR VISIBILITY AND REACH NEW CUSTOMERS.
RENAISSANCE SOMA - SOUTH OF MARKET SAN FRANCISCO: HOME TO RENAISSANCE'S WOMEN'S BUSINESS CENTER A PARTNERSHIP WITH THE U.S. SMALL BUSINESS ADMINISTRATION, AND OUR LARGEST ENTREPRENEURIAL COMMUNITY - 35 SMALL BUSINESSES AND COMMUNITY-SERVING ORGANIZATIONS. IN RESPONSE TO THE SURGE IN DEMAND FOR SMALL BUSINESS SUPPORT DURING THE PANDEMIC, RENAISSANCE SOMA EXPANDED OUR INTERNAL CAPACITY AND SERVED AN INCREASED NUMBER OF WOMEN THROUGH OUR WOMEN'S BUSINESS CENTER. WE HELD ONLINE CLASSES, WORKSHOPS AND EVENTS COVERING A BROAD RANGE OF BUSINESS TOPICS INCLUDING MARKETING, FINANCE AND BOOKKEEPING, ACCESS TO CAPITAL, E-COMMERCE AND DIGITAL TOOLS, LEGAL ISSUES FOR SMALL BUSINESSES, NETWORKING EVENTS AND INDUSTRY-SPECIFIC EVENTS IN THE AREAS OF FOOD AND FASHION.
RENAISSANCE EAST BAY: RENAISSANCE SUPPORTED ENTREPRENEURIAL ENGLISH- AND SPANISH-SPEAKING CLIENTS FROM VULNERABLE POPULATIONS IN CONTRA COSTA COUNTY, FOCUSING ON RICHMOND, ANTIOCH AND PITTSBURG AND IN ALAMEDA, SPECIFICALLY FOCUSING ON THE EAST, WEST AND DOWNTOWN OAKLAND COMMUNITIES. WE EXPANDED OUR PROGRAMS AND SERVICE DELIVERY TO ONLINE AND PHONE, AND INCREASED OUR TECHNOLOGY TRAINING TO ENSURE ALL BUSINESSES WERE ABLE TO OPERATE IN THE DIGITAL ECONOMY (SERVICES INCLUDED WEBSITE DEVELOPMENT, ONLINE SALES AND PAYMENT PROCESSING, SOCIAL MEDIA MARKETING, ETC.) AND EXPANDED OUR FINANCIAL TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL SERVICES.
RENAISSANCE BAYVIEW, SAN FRANCISCO: IN 2021, RENAISSANCE EXPANDED OUR VIRTUAL BUSINESS CONSULTING TO SUPPORT EMERGING AND ESTABLISHED ENTREPRENEURS IN BAYVIEW HUNTERS POINT, ONE OF THE BAY AREA'S MOST UNDER-RESOURCED, LOWEST-INCOME COMMUNITIES SIGNIFICANTLY IMPACTED BY THE PANDEMIC. RENAISSANCE BAYVIEW WORKED INTENSIVELY WITH MINORITY AND WOMEN-OWNED SMALL BUSINESSES IN THE CONSTRUCTION SECTOR, DELIVERING TRAINING AND MENTORING SUPPORT, HELPING SMALL CONTRACTOR BUSINESSES ACCESS CONTRACTS AND CREATE QUALITY JOBS FOR LOCAL COMMUNITY RESIDENTS. WE EXPANDED OUR SMALL BUSINESS EMPOWERMENT AND MENTORSHIP PROGRAM FOR WOMEN RESIDENTS OF PUBLIC HOUSING, CULMINATING IN "RENTANKS" WHERE GRADUATES PITCH THEIR BUSINESSES TO A PANEL OF JUDGES AND RECEIVE CASH AWARDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon Miller CEO | Officer | 35 | $171,539 |
Craig Jacoby Board Chair | OfficerTrustee | 1 | $0 |
Sandor Straus Treasurer | OfficerTrustee | 1 | $0 |
Karly Wang Secretary | OfficerTrustee | 1 | $0 |
Yasmin Eichmann Datta Vice Chair | OfficerTrustee | 1 | $0 |
Meghan Butler Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
City Mechanical Inc Elevator Maintenance & Repai | 12/30/19 | $252,171 |
Fountaine Information Systems It Support | 12/30/19 | $109,208 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $177,121 |
Related organizations | $0 |
Government grants | $2,715,035 |
All other contributions, gifts, grants, and similar amounts not included above | $3,874,995 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,767,151 |
Total Program Service Revenue | $355,906 |
Investment income | $190 |
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 | $7,123,665 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $6,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $183,823 |
Compensation of current officers, directors, key employees. | $12,868 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,019,335 |
Pension plan accruals and contributions | $60,000 |
Other employee benefits | $170,683 |
Payroll taxes | $172,898 |
Fees for services: Management | $0 |
Fees for services: Legal | $511 |
Fees for services: Accounting | $133,276 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $897,261 |
Advertising and promotion | $3,000 |
Office expenses | $12,845 |
Information technology | $156,225 |
Royalties | $0 |
Occupancy | $334,719 |
Travel | $10,278 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $79,137 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $123,937 |
Insurance | $29,979 |
All other expenses | $0 |
Total functional expenses | $5,463,656 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,899,800 |
Savings and temporary cash investments | $64,674 |
Pledges and grants receivable | $2,122,627 |
Accounts receivable, net | $2,239 |
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 | $26,030 |
Net Land, buildings, and equipment | $1,733,513 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $30,240 |
Total assets | $5,879,123 |
Accounts payable and accrued expenses | $502,350 |
Grants payable | $0 |
Deferred revenue | $564,584 |
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 | $1,712,109 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,718 |
Total liabilities | $2,808,761 |
Net assets without donor restrictions | $2,266,062 |
Net assets with donor restrictions | $804,300 |
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 | $5,879,123 |
Over the last fiscal year, we have identified 26 grants that Renaissance Entrepreneurship Center has recieved totaling $1,961,247.
Awarding Organization | Amount |
---|---|
Sobrato Family Foundation Mountain View, CA PURPOSE: TO DELIVER ENGLISH AND SPANISH LANGUAGE ENTREPRENEURSHIP TRAINING, TECHNOLOGY TRAINING AND ACCESS TO TECHNOLOGY, AND CUSTOMIZED CONSULTING SERVICES TO CREATE ECONOMIC OPPORTUNITY FOR LOW-INCOME BIPOC ENGLISH-AND SPANISH-SPEAKING SAN JOSE RESIDENTS THROUGH SMALL BUSINESS OWNERSHIP. | $250,000 |
Sobrato Family Foundation Mountain View, CA PURPOSE: TO DELIVER ENGLISH AND SPANISH LANGUAGE ENTREPRENEURSHIP TRAINING, TECHNOLOGY TRAINING AND ACCESS TO TECHNOLOGY, AND CUSTOMIZED CONSULTING SERVICES TO CREATE ECONOMIC OPPORTUNITY FOR LOW-INCOME BIPOC ENGLISH-AND SPANISH-SPEAKING SAN JOSE RESIDENTS THROUGH SMALL BUSINESS OWNERSHIP. | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $230,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $204,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $100,000 |
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 |