Tmc Community Capital
- Assets
- $5.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Oakland, CA
- Founding
- 02/2019
- Data as of
- 09/2023
- 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 09/2023, Tmc Community Capital employed 7 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 09/2023, Tmc Community Capital generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 72.3% each year . All expenses for the organization totaled $1.9m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tmc Community Capital has awarded 84 individual grants totaling $818,014. 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
2023
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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Morrison Director | Trustee | 1 | $0 |
Heather Cameron Director | Trustee | 1 | $0 |
Tamisie Honey Director | Trustee | 1 | $0 |
Joe Skowera Director | Trustee | 1 | $0 |
Scott Rogalski Director | Trustee | 1 | $0 |
Mark Herbert Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $260,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,896,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,156,054 |
| Total Program Service Revenue | $195,771 |
| 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 | $2,351,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,000 |
| 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. | $200,354 |
| Compensation of current officers, directors, key employees. | $28,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,575 |
| Payroll taxes | $64,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,247 |
| Advertising and promotion | $32,547 |
| Office expenses | $18,383 |
| Information technology | $32,028 |
| Royalties | $0 |
| Occupancy | $53,706 |
| Travel | $50,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,474 |
| Insurance | $6,245 |
| All other expenses | $1,938 |
| Total functional expenses | $1,933,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,450,602 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,291 |
| Net Land, buildings, and equipment | $9,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $5,301,238 |
| Accounts payable and accrued expenses | $237,632 |
| Grants payable | $0 |
| Deferred revenue | $140,000 |
| 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 | $1,500,000 |
| Other liabilities | $2,492,000 |
| Total liabilities | $4,369,632 |
| Net assets without donor restrictions | $697,606 |
| Net assets with donor restrictions | $234,000 |
| 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 | $5,301,238 |
Grants Awarded
Over the last fiscal year, Tmc Community Capital has awarded $448,234 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALIKAD CORP PURPOSE: COVID RELIEF | $8,050 |
DIAZ STUDIO OF DANCE INC PURPOSE: COVID RELIEF | $11,379 |
KAMMEL ENTERPRISES INC PURPOSE: COVID RELIEF | $19,291 |
OLVERA CANDLE SHOP PURPOSE: COVID RELIEF | $12,011 |
KAYLEE LITTLE ACADEMY INC PURPOSE: COVID RELIEF | $13,000 |
CHIGNON INC PURPOSE: COVID RELIEF | $7,741 |