California Finance Consortium
- Assets
- $2.2m
- Revenue
- $608.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chico, CA
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 74-3111258
Organization Overview
California Finance Consortium is located in Chico, CA. The organization was established in 2004. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Finance Consortium 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 06/2022, California Finance Consortium generated $608.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $48.0k during the year ending 06/2022. While expenses have increased by 13.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CALIFORNIA FINANCE CONSORTIUM PROVIDES LOSS PROTECTION AND CAPITAL SUPPORT TO ITS MEMBER LENDERS IN THE FORM OF LOAN GUARANTEES AND LOAN PARTICIPATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA FINANCE CONSORTIUM (CFC) IS MADE UP OF ITS MEMBER LENDERS: 3CORE, ARCATA ECONOMIC DEVELOPMENT CORPORATION, SUPERIOR CALIFORNIA ECONOMIC DEVELOPMENT, AND YUBA-SUTTER ECONOMIC DEVELOPMENT CORPORATION. CONSISTENT WITH THEIR ECONOMIC DEVELOPMENT MISSION, CFC HELPS MEMBER LENDERS DELIVER WELL- STRUCTURED AND REASONABLY PRICED CAPITAL TO HEALTHY, GROWING, SMALL BUSINESSES IN UNDERSERVED AREAS. THIS IS ACCOMPLISHED BY PURCHASING A PARTICIPATION SHARE IN AND ASSUMING EQUAL RISK FOR LOANS UNDERWRITTEN AND APPROVED BY MEMBER LENDERS. THE CFC ALSO OFFERS LOAN GUARANTEES AS AN ADDITIONAL CREDIT ENHANCEMENT FOR MEMBER LENDERS. IN THE CURRENT YEAR, CFC MADE ONE LOAN PARTICIPATION FOR $150,000 AND SEVEN LOAN GUARANTEES TOTALING $404,896.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Nemanic Executive Director | Officer | 20 | $0 |
Brynda Stranix President | Trustee | 1 | $0 |
Ross Welch Vice President | Trustee | 1 | $0 |
Bob Nash Director | Trustee | 1 | $0 |
Patty Hess Secretary/treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,625 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $585,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,777 |
| Total Program Service Revenue | $8,654 |
| Investment income | $2,563 |
| 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 | $607,994 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $35,475 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,789,776 |
| Savings and temporary cash investments | $235,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $145,657 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $2,171,947 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,498,372 |
| Net assets with donor restrictions | $673,575 |
| 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 | $2,171,947 |
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|---|---|---|
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Lake Las Vegas Master Association Henderson, NV | $4,504,755 | $6,722,310 |
Clientearth Usa Inc Calabasas, CA | $7,838,710 | $8,181,021 |
Citizens Climate Education Corp Coronado, CA | $6,007,250 | $6,465,563 |
Strategic Energy Innovations San Rafael, CA | $5,993,384 | $6,356,060 |
California Native Plant Society Sacramento, CA | $13,959,792 | $6,631,755 |
Irvine Ranch Conservancy Irvine, CA | $5,172,136 | $6,197,394 |
Greater Hart-Sheldon Conservation Fund Bend, OR | $86,750 | $130 |
Grand Canyon Trust Inc Flagstaff, AZ | $35,143,090 | $9,915,125 |
The Natomas Basin Conservancy A Ca Non-Profit Public Benefit Corp Sacramento, CA | $115,320,606 | $29,049,059 |