Tmc Community Capital
- Assets
- $1.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Oakland, CA
- Founding
- 02/2019
- Data as of
- 09/2021
- EIN
- 82-5204018
Organization Overview
Tmc Community Capital is located in Oakland, CA. The organization was established in 2019. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Tmc Community Capital employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tmc Community Capital 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 09/2021, Tmc Community Capital generated $1.4m in total revenue. All expenses for the organization totaled $1.1m during the year ending 09/2021.
Since 2020, Tmc Community Capital has awarded 125 individual grants totaling $1,187,794. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUND/ LA GRANT PROGRAM WAS CREATED IN RESPONSE TO THE ECONOMIC CRISIS FROM COVID-19. WITH DONATIONS FROM FOUND/LA, THE ORGANIZATION AWARDED $428,000 TO 65 BUSINESS OWNERS DURING THE YEAR ENDED SEPTEMBER 30, 2021. THIS PROGRAM INCLUDED A ROBUST OUTREACH EFFORT. THE PROGRAM WAS PROMOTED VIA SOCIAL MEDIA AND THROUGH THE COMMUNITY PARTNERS. THE GRANT RECIPIENTS ARE SELECTED BY A LOTTERY SYSTEM.
MICROLOAN PROGRAM THIS PROGRAM FOCUSES ON SERVING BUSINESSES THAT ARE TYPICALLY DISENFRANCHISED FROM TRADITIONAL LENDING, SUCH AS WOMEN BUSINESS OWNERS, MINORITY BUSINESS OWNERS, AND BUSINESSES IN LOW-INCOME COMMUNITIES. IT PROVIDES OUTREACH TO CONNECT WITH POTENTIAL BORROWERS AND PROVIDES AN INTAKE ASSESSMENT THAT INCLUDES RESOURCE NAVIGATION AND A REFERRAL TO OTHER ORGANIZATIONS IF ADDITIONAL RESOURCES ARE NECESSARY.
BLOOM GRANT PROGRAM WAS CREATED IN RESPONSE TO THE ECONOMIC CRISIS FROM COVID-19. WITH DONATIONS FROM A PRIVATE COUPLE, THE ORGANIZATION AWARDED $100,000 TO 20 BUSINESS OWNERS DURING THE YEAR ENDED SEPTEMBER 30, 2021. THIS PROGRAM INCLUDED A ROBUST OUTREACH EFFORT. THE PROGRAM WAS PROMOTED VIA SOCIAL MEDIA AND THROUGH THE COMMUNITY PARTNERS. THE GRANT RECIPIENTS ARE SELECTED BY A LOTTERY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsy Carpenter Secretary | OfficerTrustee | 1 | $0 |
Heather Cameron Board Chair | OfficerTrustee | 1 | $0 |
Joe Skowera Treasurer | OfficerTrustee | 1 | $0 |
Barbara Morrison President & CEO | OfficerTrustee | 1 | $0 |
Michael Vanecek CFO | Officer | 1 | $0 |
Kelly Larocca Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,058,773 |
| Noncash contributions included in lines 1a–1f | $110,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,183,773 |
| Total Program Service Revenue | $166,213 |
| Investment income | $0 |
| 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 | $1,405,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $631,592 |
| 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 | $277,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,612 |
| Payroll taxes | $23,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,725 |
| Advertising and promotion | $4,066 |
| Office expenses | $11,096 |
| Information technology | $29,427 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,820 |
| Insurance | $3,038 |
| All other expenses | $4,472 |
| Total functional expenses | $1,129,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $606,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,527 |
| Net Land, buildings, and equipment | $14,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,020,853 |
| Accounts payable and accrued expenses | $72,995 |
| 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 | $200,000 |
| Other liabilities | $338,832 |
| Total liabilities | $611,827 |
| Net assets without donor restrictions | $275,026 |
| Net assets with donor restrictions | $134,000 |
| 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 | $1,020,853 |
Grants Awarded
Over the last fiscal year, Tmc Community Capital has awarded $448,234 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
KAMMEL ENTERPRISES INC PURPOSE: COVID RELIEF | $19,291 |
NATIVE AMERICAN WORLD INC PURPOSE: COVID RELIEF | $16,793 |
SOCAL KBOX LLC PURPOSE: COVID RELIEF | $16,250 |
MY FISH STOP LLC PURPOSE: COVID RELIEF | $15,750 |
MONTANA PRESCHOOL SANTA MONICA PURPOSE: COVID RELIEF | $14,600 |
TIMELESS PINTS BREWING COMPANY INC PURPOSE: COVID RELIEF | $13,928 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tmc Community Capital has recieved totaling $34,000.
| Awarding Organization | Amount |
|---|---|
California Association For Microenterprise Opportunity San Francisco, CA PURPOSE: CA SBA Grant | $34,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |