Anewamerica Community Corporation
- Assets
- $527.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Oakland, CA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 94-3342658
Organization Overview
Anewamerica Community Corporation is located in Oakland, CA. The organization was established in 2000. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Anewamerica Community Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anewamerica Community Corporation 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, Anewamerica Community Corporation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $963.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
ANEWAMERICA PROVIDES ECONOMIC EMPOWERMENT TO LOW TO MODERATE INCOME FAMILIES THROUGH ENTREPRENEURIAL TRAINING AND FINANCIAL ASSISTANCE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSETSOVER 600 INDIVIDUALS RECEIVED TRAINING AND COUNSELING SERVICES FROM OUR ORGANIZATION. WE HELPED LAUNCH OVER 50 NEW BUSINESSES FOR ENTREPRENUERS PRIMARILY FROM UNDER-SERVED COMMUNITIES.
BUSINESS INCUBATION IN OUR CORE BUSINESS INCUBATION PROGRAM, THE ORGANIZATION TRAINED OVER 200 NEW NASCENT MICROENTERPRISE ENTREPRENEURS IN BUSINESS PLANNING. THESE ENTREPRENEURS COMPLETED AN EXTENSIVE BUSINESS COURSE CURRICULUM; CULMINATING WITH EACH ENTREPRENEUR EARNING THEIR CERTIFICATE IN BUSINESS PLANNING.
COMMUNITY/SOCIAL RESPONSIBILITYTHE SOCIAL RESPONSIBLY SEGMENT OF ANEWAMERICA CONTINUED TO EXPERIENCE GROWTH AND STABILITY. ENTREPRENEURS RECEIVED GREEN BUSINESS TRAINING AND/OR SUSTAINED THEIR FAMILY ENTREPRENEURIAL BUSINESS OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Dial CEO | Officer | 40 | $113,924 |
Derene Allen Chair | OfficerTrustee | 1 | $0 |
Matthew Sullivan Secretary | OfficerTrustee | 1 | $0 |
Vishu Lalchandani Treasurer | OfficerTrustee | 1 | $0 |
Ana Chretien Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $889,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,732 |
| Total Program Service Revenue | $0 |
| Investment income | $189 |
| 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 | $1,071,260 |
| 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. | $113,924 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,849 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,262 |
| Advertising and promotion | $54,928 |
| Office expenses | $2,432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,314 |
| Travel | $1,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,438 |
| Insurance | $4,896 |
| All other expenses | $5,505 |
| Total functional expenses | $963,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $84,078 |
| 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 | $5,589 |
| Net Land, buildings, and equipment | $387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,594 |
| Total assets | $527,738 |
| Accounts payable and accrued expenses | $19,177 |
| 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 | $7,144 |
| Total liabilities | $26,321 |
| Net assets without donor restrictions | $501,417 |
| Net assets with donor restrictions | $0 |
| 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 | $527,738 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Anewamerica Community Corporation has recieved totaling $20,400.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Association Of Womens Business Centers Washington, DC PURPOSE: GENERAL SUPPORT | $5,400 |
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