Anewamerica Community Corporation
- Assets
- $362.3k
- Revenue
- $404.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Oakland, CA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 94-3342658
Organization Overview
Anewamerica Community Corporation is located in Oakland, CA. The organization was established in 2000. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Anewamerica Community Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anewamerica Community Corporation 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 12/2022, Anewamerica Community Corporation generated $404.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $626.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 8 years. 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
ANEWAMERICA PROVIDES ECONOMIC EMPOWERMENT TO LOW TO MODERATE INCOME HOUSEHOLDS AND UNDERSERVED COMMUNITIES THROUGH ENTREPRENEURIAL TRAINING AND COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND COUNSELING. OVER 700 INDIVIDUALS RECEIVED TRAINING AND COUNSELING SERVICES FROM OUR ORGANIZATION. WE HELPED LAUNCH 50 NEW BUSINESSES FOR ENTREPRENEURS PRIMARILY FROM UNDERSERVED COMMUNITIES.
BUSINESS INCUBATION - IN OUR BUSINESS INCUBATION PROGRAM. THE ORGANIZATION TRAINED OVER 200 NEW NASCENT ENTREPRENEURS IN BUSINESS FOUNDATION TRAINING. THESE INDIVIDUALS COMPLETED AN EXTENSIVE BUSINESS COURSE CURRICULUM CULMINATING IN DEVELOPING BUSINESS PLANS AND EARNING COMPLETION CERTIFICATES.
TECHNICAL ASSISTANCE CLIENTS REPRESENTING SMALL BUSINESS OWNERS AND ENTREPRENEURS PRIMARILY FROM LOW TO MODERATE HOUSEHOLDS AND UNDERSERVED COMMUNITIES RECEIVED TECHNICAL ASSISTANCE RAINING FROM CONNECTION TO ACCESS TO CAPITAL, BUSINESS OPERATIONS AND BUSINESS GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Dial CEO | Officer | 40 | $100,024 |
Derene Allen Chair | Trustee | 1 | $0 |
Ana Chretien Director | Trustee | 1 | $0 |
Matthew Sullivan Secretary | Trustee | 1 | $0 |
Vishu Lalchandani Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,224 |
| Total Program Service Revenue | $5,047 |
| Investment income | $283 |
| 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 | $404,944 |
| 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. | $117,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,022 |
| Payroll taxes | $28,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,029 |
| Advertising and promotion | $523 |
| Office expenses | $25,561 |
| Information technology | $2,453 |
| Royalties | $0 |
| Occupancy | $90,622 |
| Travel | $4,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,562 |
| All other expenses | $3,218 |
| Total functional expenses | $626,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,527 |
| 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 | $4,557 |
| Net Land, buildings, and equipment | $97 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,314 |
| Accounts payable and accrued expenses | $13,625 |
| 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 | $444 |
| Total liabilities | $14,069 |
| Net assets without donor restrictions | $348,245 |
| 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 | $362,314 |