Cobiz Richmond Inc

Organization Overview

Cobiz Richmond Inc is located in Richmond, CA. The organization was established in 2019. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cobiz Richmond Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobiz Richmond Inc 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, Cobiz Richmond Inc generated $787.5k in total revenue. All expenses for the organization totaled $755.5k during the year ending 12/2021.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COBIZ PROVIDES LOW TO NO COST BUSINESS INNOVATION AND INCUBATION SERVICES IN DOWNTOWN RICHMOND IN A COLLABORATIVE SHARED WORKING-SPACE SETTING THAT FOSTERS AN ENTREPRENEURIAL SPIRIT AMONG THE BUSINESS COMMUNITY. COBIZ SPACE AND SERVICES ARE AFFORDABLE TO ENTREPRENEURS THROUGH EFFORTS BY COBIZ TO SOLICIT CORPORATE SPONSORS TO SUBSIDIZE MUCH OF THE COST FOR THE ENTREPRENEURS. COLLECTIVELY, THE COBIZ SPACE FOCUSES ON CREATING AN ECOSYSTEM AND CULTURE OF ENTREPRENEURSHIP, INNOVATION, COLLABORATION, AND COMMUNITY. IN PARTICULAR, COBIZ OFFERS SUBJECT MATTER EXPERTS, BENCHMARK PRACTICES TO DRIVE OPERATIONAL AND FISCAL EFFICIENCY FOR BUSINESSES, NONPROFITS AND COMMUNITY ORGANIZATIONS, EMERGING TECHNOLOGY, WOMENS LEADERSHIP AND DIVERSITY PROGRAMMING, PANEL DISCUSSIONS, PITCH COMPETITIONS, HACK-A-THONS, COMMUNITY EVENTS AND WELLNESS ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COBIZ CONTINUED PROVIDING LOW TO NO COST BUSINESS INNOVATION AND INCUBATION SERVICES IN A COLLABORATIVE SHARED WORK-SPACE SETTING, SERVING THE COMMUNITY AND ESSENTIAL PROFESSIONALS THROUGH THE PANDEMIC AND NUMEROUS SHELTER IN PLACE ORDERS.


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Board, Officers & Key Employees

Name (title)Compensation
Bret Sweet
Vice President
$0
Lily Rahnema
Secretary
$0
Michael Martin
Treasurer
$0
Wesley Alexander
CEO
$0
James Lee
Director
$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$514,578
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$514,578
Total Program Service Revenue$242,923
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 $787,520

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cobiz Richmond Inc has recieved totaling $144,000.

Awarding OrganizationAmount
Richmond Community Foundation

Richmond, CA

PURPOSE: EQUIP RICHMOND

$144,000
View Grant Recipient Profile

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