Community Ventures
- Assets
- $1.4m
- Revenue
- $342.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 01-0919727
Organization Overview
Community Ventures is located in Fremont, CA. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Ventures 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, Community Ventures generated $342.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $632.2k during the year ending 12/2021. While expenses have increased by 20.8% 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
THE ORGANIZATION'S MISSION IS TO PROMOTE PRINCIPLES AND POLICIES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE SUPPORT OF LOCALLY OWNED SMALL BUSINESSES THAT ARE ROOTED IN AND DEDICATED TO THE COMMUNITIES WHERE THEY ARE LOCATED AND THAT PREVENT LEAKAGE OF LOCAL DOLLARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A BETTER COURSE:1. SUCCESSFULLY GREW THE ALEMANY MARKET PROGRAM AND TRANSFERRED THE CITY FUNDING TO BE INSTITUTIONALIZED.2. OUTREACH ON THE IMPORTANCE OF SCHOOL MEALS.3. SUPPORT FOR SCHOOL DISTRICTS ON RESEARCH ON THE IMPACT OF SCHOOL MEALS DURING THE PANDEMIC.
FORCE FOR GOOD ACCELERATOR:1. HOSTED LENDER/DONOR UPDATES.
ALAMEDA COUNTY GREEN BUSINESS PROGRAM:1. REGISTERED 51 BUSINESSES TO PARTICIPATE IN THE PROGRAM.2. ESTABLISHED PILOT PARTNERSHIP WITH THE BAY AREA ORGANIZATION OF BLACK-OWNED BUSINESSES TO SERVICE MINORITY BUSINESSES NOT PREVIOUSLY REACHED BY OUR PROGRAM.3. STRENGTHENED THE ADVISORY AND FUNDING PARTNERSHIPS WITH THE GOVERNMENT AGENCIES, UTILITIES, AND OTHER SERVICE PROVIDERS TO BUILD AND EXPAND THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kassan President | OfficerTrustee | 10 | $45,000 |
William Stern Sec. And Treas. | OfficerTrustee | 1 | $0 |
Lisa Hatamoto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,575 |
| Total Program Service Revenue | $16,900 |
| Investment income | $64,545 |
| 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 | $342,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,634 |
| Grants and other assistance to domestic individuals. | $32,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104 |
| Fees for services: Accounting | $17,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,620 |
| Advertising and promotion | $25 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,040 |
| Interest | $77,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,184 |
| Insurance | $1,600 |
| All other expenses | $11,242 |
| Total functional expenses | $632,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $978,717 |
| 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 | $12,126 |
| Other assets | $125,644 |
| Total assets | $1,449,111 |
| Accounts payable and accrued expenses | $33,607 |
| 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 | $1,138,401 |
| Other liabilities | $1,695 |
| Total liabilities | $1,173,703 |
| Net assets without donor restrictions | $158,371 |
| Net assets with donor restrictions | $117,037 |
| 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 | $1,449,111 |
Grants Awarded
Over the last fiscal year, Community Ventures has awarded $71,634 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Cruz, CA PURPOSE: ENVIRONMENTAL EDUCATION | $36,634 |
Denver, CO PURPOSE: COMMUNITY SPACE EDUCATION PROGRAM | $25,000 |
Boulder Creek, CA PURPOSE: TO SUPPORT ANNUAL RETREAT. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Ventures has recieved totaling $54,179.
| Awarding Organization | Amount |
|---|---|
Ecology Center Berkeley, CA PURPOSE: FOOD INSECURITY NUTRITION INCENTIVE (FINI) GRANT PROGRAM | $44,153 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |