Alliance For Community Development Of The San Francisco Bay Area
- Assets
- $5.5m
- Revenue
- $679.6k
- Investments
- $822.2k
- Employees
- 4
- Location
- Oakland, CA
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 94-3347820
Organization Overview
Alliance For Community Development Of The San Francisco Bay Area is located in Oakland, CA. The organization was established in 2001. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Alliance For Community Development Of The San Francisco Bay Area employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Community Development Of The San Francisco Bay Area 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 12/2022, Alliance For Community Development Of The San Francisco Bay Area generated $679.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $792.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO INCREASING ACCESS TO CAPITAL FOR UNDERREPRESENTED ENTREPRENEURS INCLUDING BUT NOT LIMITED TO WOMEN, PEOPLE OF COLOR, AND VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM - THE ALLIANCE INCREASES ACCESS TO CAPITAL FOR DIVERSE BAY AREA ENTREPRENEURS IN TWO WAYS. (1) THE BAY AREA CAPITAL CONNECTIONS (BACC) CONFERENCE - AT EACH BAY AREA CAPITAL CONNECTIONS CONFERENCE (BACC), WE CONNECT KEY STAKEHOLDERS IN OUR ENTREPRENEURSHIP ECOSYSTEM (INVESTORS, TRAINERS, MENTORS, AND DECISION-MAKERS), DIVERSE ENTREPRENEURS, AND COMMUNITY LEADERS FROM ALL OVER THE BAY AREA. WITH APPROXIMATELY 200 ATTENDEES, POWERFUL FEATURED ENTREPRENEUR SPEAKERS, INFLUENTIAL KEYNOTE SPEAKERS, AND INTERACTIVE BREAKOUT SESSIONS, WE CONVENE THE BAY AREA ENTREPRENEURSHIP ECOSYSTEM AND INCREASE ACCESS TO ALL SOURCES OF CAPITAL (FINANCIAL, SOCIAL, HUMAN, INTELLECTUAL AND CULTURAL) FOR ALL BAY AREA ENTREPRENEURS. EACH YEAR, WE ARE FOCUSED ON GENERATING VALUES-ALIGNED BUSINESS OPPORTUNITIES FOR ALL. (2) BAY AREA ENTREPRENEURIAL ECOSYSTEM RESOURCE NAVIGATION - NAVIGATION WAS CREATED TO PROVIDE ENTREPRENEURS WITH INDIVIDUALIZED, ONE-ON-ONE SUPPORT TO HELP THEM CLARIFY THEIR GOALS, THEIR CHALLENGES, AND THEIR NEXT STEPS. EACH ENTREPRENEUR RECEIVES AN INDIVIDUAL SESSION, A 'RESOURCE ROADMAP' OF ECOSYSTEM PARTNERS AND PROGRAMS BEST FIT FOR THEIR JOURNEY BASED ON THEIR GOALS, AND A SET OF WARM INTRODUCTIONS TO OTHER ORGANIZATIONS, INDIVIDUALS, OR FUNDERS. ALLIANCE ALSO FOLLOWS UP WITH EACH ENTREPRENEUR TO TRACK THEIR PROGRESS AND PROVIDE CONTINUOUS SUPPORT. WE HAVE OPERATED AS A CONCIERGE SERVICE CONNECTING ENTREPRENEURS TO THE PEOPLE, ORGANIZATIONS, AND INFORMATION THAT THEY NEED; AND INCREASINGLY WE ARE PROVIDING HANDS-ON TECHNICAL ASSISTANCE TO SUPPORT ENTREPRENEURS THROUGH LENGTHY APPLICATION PROCESSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naima Mcqueen Executive Director | Officer | 40 | $114,167 |
Michael A Gunning Chairman | OfficerTrustee | 2 | $0 |
James Hurd Nixon Treasurer | OfficerTrustee | 2 | $0 |
Dennis Wong ESQ Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Y A Ferguson Board Member | Officer | 2 | $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 | $258,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,942 |
| Total Program Service Revenue | $21,450 |
| Investment income | $115,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $259,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,652 |
| Grants and other assistance to domestic individuals. | $22,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,167 |
| Compensation of current officers, directors, key employees. | $26,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,356 |
| Pension plan accruals and contributions | $14,545 |
| Other employee benefits | $38,392 |
| Payroll taxes | $30,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,279 |
| Advertising and promotion | $833 |
| Office expenses | $10,074 |
| Information technology | $21,509 |
| Royalties | $0 |
| Occupancy | $2,666 |
| Travel | $8,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,183 |
| Insurance | $293 |
| All other expenses | $5,731 |
| Total functional expenses | $792,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,860 |
| Savings and temporary cash investments | $6,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,800 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $683 |
| Investments—publicly traded securities | $4,627,432 |
| Investments—other securities | $822,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,538,516 |
| Accounts payable and accrued expenses | $2,820 |
| 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 | $2,820 |
| Net assets without donor restrictions | $0 |
| 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 | $5,535,696 |
| Total liabilities and net assets/fund balances | $5,538,516 |
Grants Awarded
Over the last fiscal year, Alliance For Community Development Of The San Francisco Bay Area has awarded $113,949 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE RED DOOR GROUP PURPOSE: RENT RELIEF | $20,000 |
OAKSTOP ALLIANCE PURPOSE: GENERAL SUPPORT | $93,949 |