city3
- Assets
- $24.0k
- Revenue
- $471.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Oakland, CA
- Founding
- Data as of
- 12/2022
- EIN
- 88-1143528
Organization Overview
city3 is located in Oakland, CA. As of 12/2022, city3 employed 3 individuals. city3 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESEARCH NEW TECHNOLOGIES AND INNOVATIVE FINANCIAL MODELS TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED, HIGH-DENSITY AREAS INHABITED MAINLY BY LOW-INCOME MINORITY OR OTHER DISADVANTAGED GROUPS TO PROVIDE MORE JUST OUTCOMES FOR THOSE WHO HAVE BEEN LEFT BEHIND BY THE LEGACY OF FINANCIAL AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BEGAN OUR OUTREACH AND EDUCATION WITH A SMALL SERIES OF OPEN WORKSHOPS FOR OAKLAND RESIDENTS TO ATTEND AND LEARN MORE ABOUT ALTERNATIVE FINANCE, SELF-SOVEREIGNTY, AND MUTUAL AID. CITY3 THEN PARTICIPATED IN AND FACILITATED SEVERAL LARGE-SCALE EVENTS IN 2022 THAT SHARED INFORMATION ABOUT AND EXAMPLES OF ALTERNATIVE ECONOMIC ORGANIZATION AND COMMUNITY COMMERCE REWARDS. CITY3 ESTIMATES THAT IN Q4 2022 ALONE WE REACHED OVER 7,000 OAKLAND RESIDENTS WITH MESSAGING ABOUT MORE REGENERATIVE ECONOMIC MODELS AND THAT OVER 1,000 OF THOSE RESIDENTS TOOK ADDITIONAL STEPS TO LEARN MORE AND PARTICIPATE IN REGENERATIVE COMMERCE EXPERIMENTS. THESE NUMBERS WERE INCREDIBLY GRATIFYING AND DEMONSTRATED THE POPULAR INTEREST IN CITY3'S VISION AND VALUES.
CITY3 LED A PILOT COMMUNITY-DIRECTED QUADRATIC FUNDING MATCHING GRANT PROGRAM, IN PARTNERSHIP WITH THE OAKLAND FUND FOR PUBLIC INNOVATION. THAT GRANT ROUND ENGAGED OVER 240 UNIQUE PARTICIPANTS, PROVIDED FUNDS TO 7 OAKLAND ORGANIZATIONS, AND HELPED THOSE ORGANIZATIONS DEVELOP NEW AUDIENCES OF COMMUNITY SUPPORTERS. THIS WORK ALSO GREW A NETWORK OF 1,500 LOCAL RESIDENTS, WITH 71% BIPOC REPRESENTATION, WHO ARE INTERESTED IN SUPPORTING FUTURE COMMUNITY ACTIVATIONS. THIS PILOT PROGRAM DEVELOPED CITY3'S UNDERSTANDING OF COMMUNITY FUNDING MODELS AND OBSTACLES TO THEIR DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrick Monaghan Chief Operating Officer | Officer | 40 | $81,056 |
Darrell Jones III Chief Executive Officer | OfficerTrustee | 40 | $81,008 |
Jesse Pollak Director | Trustee | 3 | $0 |
Mark Hudnall Director | Trustee | 0.25 | $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 | $471,000 |
| Noncash contributions included in lines 1a–1f | $21,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,000 |
| Total Program Service Revenue | $0 |
| 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 | $471,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,510 |
| 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. | $176,566 |
| Compensation of current officers, directors, key employees. | $35,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,358 |
| Pension plan accruals and contributions | $2,480 |
| Other employee benefits | $4,121 |
| Payroll taxes | $18,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,290 |
| 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 | $98,154 |
| Advertising and promotion | $15,077 |
| Office expenses | $6,819 |
| Information technology | $20,066 |
| Royalties | $0 |
| Occupancy | $9,735 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,168 |
| All other expenses | $0 |
| Total functional expenses | $447,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $7,500 |
| Total assets | $23,964 |
| 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 | $23,964 |
| Net assets with donor restrictions | $0 |
| 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 | $23,964 |