California Association For Microenterprise Opportunity
- Assets
- $9.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- San Francisco, CA
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 94-3246306
Organization Overview
California Association For Microenterprise Opportunity is located in San Francisco, CA. The organization was established in 1996. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, California Association For Microenterprise Opportunity employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Association For Microenterprise Opportunity 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, California Association For Microenterprise Opportunity generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 18.7% 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.
Since 2021, California Association For Microenterprise Opportunity has awarded 40 individual grants totaling $1,617,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW A THRIVING ECOSYSTEM OF SUPPORT FOR UNDERSERVED ENTREPRENEURS WHERE ALL ENTREPRENEURS HAVE ACCESS TO THE RESOURCES THEY NEED TO SUCEED, CREATING FAMILY ECONOMIC MOBILITY AND COMMUNITY PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY (CAMEO) IS A STATEWIDE ASSOCIATION OF ORGANIZATIONS, AGENCIES, AND INDIVIDUALS DEDICATED TO FURTHERING MICRO ENTERPRISE DEVELOPMENT IN CALIFORNIA. CAMEO WAS FORMED IN CALIFORNIA IN 1993 AS A PUBLIC BENEFIT CORPORATION. CAMEOS MISSION IS TO INCREASE OPPORTUNITIES FOR LOW-INCOME PEOPLE AND COMMUNITIES BY BUILDING CAPACITY FOR CALIFORNIAS MICRO ENTERPRISE ORGANIZATIONS. CAMEO BUILDS CAPACITY OF PRACTITIONER ORGANIZATIONS TO BETTER MEET CUSTOMER NEEDS AND IMPROVE THE WORKING ENVIRONMENT FOR MICRO ENTERPRISE BY EDUCATING THE PUBLIC AND ADVOCATING ON BEHALF OF MICRO ENTERPRISE DEVELOPMENT.CAMEO EXPANDS RESOURCES AND BUILDS CAPACITY FOR ITS MEMBER ORGANIZATIONS WHO ARE PROVIDING ENTREPRENEURS WITH SMALL BUSINESS TRAINING, BUSINESS FINANCING AND TECHNICAL ASSISTANCE - COACHING, CAPITAL ASSISTANCE AND NETWORKING. CAMEO ADVOCATES FOR PUBLIC POLICIES THAT SUPPORT THE BUSINESS SECTOR AND BUILDS PUBLIC AWARENESS OF ITS ECONOMIC IMPACTS THROUGH THE FOLLOWING PROGRAM CATEGORIES: MICRO-LENDING ENABLES MEMBERS WHO ARE PROVIDING MICROLOANS TO VARIOUS BUSINESSES ACCESS TO CAMEO'S UNDERWRITING PLATFORM. CAPACITY BUILDING MEMBERS BENEFIT FROM CAMEOS TRAININGS IN MICRO-LENDING, BEST PRACTICES, ADVOCACY AND WORKFORCE DEVELOPMENT, WHICH SPECIFICALLY TARGET UNDERSERVED POPULATIONS INCLUDING VETERANS, IMMIGRANTS AND THE LONG TERM UNEMPLOYED. RURAL INITIATIVE CAMEO WORKS IN RURAL AREAS SERVING MEMBERS THROUGHOUT THE STATE TO BRING RESOURCES TO UNDERSERVED REGIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolina Martinez CEO | OfficerTrustee | 35 | $220,000 |
Heidi Pickman VP Programs | 35 | $143,850 | |
Emily Gasner VP Strategic Init. | 30 | $123,300 | |
Horacio Mendez President | OfficerTrustee | 2 | $0 |
Jesse Torres Vice President | OfficerTrustee | 1 | $0 |
Mark Herbert Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,431,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,280,269 |
| Total Program Service Revenue | $172,104 |
| Investment income | $152,603 |
| 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 | $2,632,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $653,500 |
| 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. | $238,579 |
| Compensation of current officers, directors, key employees. | $40,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $645,985 |
| Pension plan accruals and contributions | $21,090 |
| Other employee benefits | $24,623 |
| Payroll taxes | $63,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,999 |
| Advertising and promotion | $376 |
| Office expenses | $17,723 |
| Information technology | $19,417 |
| Royalties | $0 |
| Occupancy | $33,765 |
| Travel | $49,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,578 |
| Interest | $11,406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,198 |
| All other expenses | $0 |
| Total functional expenses | $2,579,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,047 |
| Savings and temporary cash investments | $8,096,437 |
| Pledges and grants receivable | $126,779 |
| Accounts receivable, net | $7,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $588,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,126 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,567 |
| Total assets | $9,106,606 |
| Accounts payable and accrued expenses | $155,488 |
| Grants payable | $242,832 |
| Deferred revenue | $8,150 |
| 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 | $500,000 |
| Other liabilities | $4,380,958 |
| Total liabilities | $5,287,428 |
| Net assets without donor restrictions | $1,635,030 |
| Net assets with donor restrictions | $2,184,148 |
| 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 | $9,106,606 |
Grants Awarded
Over the last fiscal year, California Association For Microenterprise Opportunity has awarded $650,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS CAPITAL PURPOSE: Shared Services | $20,000 |
ACCESSITY PURPOSE: Shared Services | $20,000 |
COOK ALLIANCE PURPOSE: CA MEHKO Project | $550,000 |
PACIFIC COMMUNITY VENTURES PURPOSE: Shared Services | $20,000 |
PATHWAY CAPITAL FUNDING PURPOSE: Shared Services | $20,000 |
WORKING SOLUTIONS PURPOSE: Shared Services | $20,000 |