Community Ventures FY2021 filing

Fremont, CA · Public charity (501(c)(3)) · Since 2008 · Community Development

✓ Tax-deductible Latest data FY2021
Revenue
$342K
▼ -62% vs prior year
Spent
$632K
To programs
90%
Net assets
$275K
By yearFY2020–FY2025
Revenue
$342K
FY2021▼ -62%
Revenue by fiscal year
FY2020$905K
FY2021$342K
FY2022$126K
FY2023$244K
FY2024$179K
FY2025$267K
Expenses
$632K
FY2021▼ -23%
Expenses by fiscal year
FY2020$818K
FY2021$632K
FY2022$230K
FY2023$49K
FY2024$209K
FY2025$278K
Net assets
$275K
FY2021▼ -51%
Net assets by fiscal year
FY2020$566K
FY2021$275K
FY2022$171K
FY2023$366K
FY2024$336K
FY2025$326K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
5 funders, incl. Fidelity Investments Charitable Gift Fund
$199K in the latest grant year.
Spent on programs?
90% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -62% vs prior year
Legal name (IRS)Hdr · item CCommunity Ventures
EINHdr · item D01-0919727
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2009
Year of formationHdr · item L2008
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFremont, CA
NTEE classificationIRS BMFCommunity Development (S20)
WebsiteHdr · item Jwww.c-ventures.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$567K
Management & general10%$66K
Total functional expensesLn 25$632K

Financial health

Program efficiency
90%
of spending reaches programs
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-85%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.4M
FY2021▼ -16%
Total assets by fiscal year
FY2020$1.7M
FY2021$1.4M
FY2022$1.3M
FY2023$1.3M
FY2024$1.2M
FY2025$925K
Total liabilities
$1.2M
FY2021+0.4%
Total liabilities by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.1M
FY2023$925K
FY2024$875K
FY2025$599K
Revenue less expensesPt I · Ln 19−$290K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$332K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$275K
Months of cash on handcomputed6.3

Statement of Revenue

Part VIII
Contributions & grants$261K · 76%
Investment income$65K · 19%
Program service revenue$17K · 5%
Contributions & grants76%$261K
Investment income19%$65K
Program service revenue5%$17K
— government grantsLn 1e$2K
Total revenueLn 12$342K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $332K · Operating expenses/yr $632K
6.3 months
Where the money goes
Program services
Program services $567K · Total expenses $632K
90%
Management & General
Management & general $66K · Total expenses $632K
10%
Fundraising
Fundraising $0 · Total expenses $632K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $499K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $261K · Total revenue $342K
76%
Government reliance
Government grants $2K · Total revenue $342K
0.6%
Earned-income share
Program service revenue $17K · Total revenue $342K
5%
Investment reliance
Investment income $65K · Total revenue $342K
+19%
Program self-sufficiency
Program service revenue $17K · Total expenses $632K
3%
Growth & trend
Revenue growth (YoY)
This year $342K · Prior year $905K
-62%
Net-asset trend (YoY)
End of year $275K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $342K · Expenses $632K
-85%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $275K · Total assets $1.4M
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Kassan · Reported title President · Highest reported compensation $45K · Total expenses $632K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $45K · Total expenses $632K
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Fundraising cost ratio 0%——
Revenue growth -62%——
Investment management fee ratio 0%——
Legal fee ratio 0.02%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$45,000Pt VII · Sec A
Sec. and Treas.
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Kassan’s $45K as President is at the 24th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Jennifer Kassan$45,000$6,190

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Community Ventures executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports local small businesses to strengthen community economies and keep money circulating locally.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $280K of program spending, described in the organization's own filed words · FY2021.
01

A Better Course

1. Successfully grew the Alemany Market program and transferred the City funding to be institutionalized.2. Outreach on the importance of school meals.3. Support for school districts on research on the impact of school meals during the pandemic.

$135Kprogram expense
02

Force for Good Accelerator

1. Hosted lender/donor updates.

$78Kprogram expense
03

Alameda County Green Business Program

1. Registered 51 businesses to participate in the program.2. Established pilot partnership with the Bay Area Organization of Black-owned businesses to service minority businesses not previously reached by our program.3.

$67Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 9 grants · $550K · 2020–2022
Space for HumanityCO · FY2022$36,200
Unitemized GrantFY2021$32,400
Space for HumanityCO · FY2021$25,000
Institute of HeartmathCA · FY2021$10,000
Jubilee Justice INCLA · FY2020$352,810
Space for HumanityCO · FY2020$25,000
Social Good Fund INCCA · FY2020$15,550

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $267K$278K+49% 990 PDF
FY2024 $179K$209K-27% 990 PDF
FY2023 $244K$49K+94% 990 PDF
FY2022 $126K$230K-63% 990 PDF
FY2021 Viewing $342K$632K-62% 990 PDF
FY2020 $905K$818K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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