Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $1.5M paid to officers and key staff.
Sunne Wright McPeak’s $427K as President and CEO is at the 94th percentile of top reported officer pay among 2832 $1–10M 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Sunne Wright McPeak | $426,800 | $412,800 | $547,400 | $375,500 | $359,000 |
| Susan Walters | — | — | — | $226,440 | $219,180 |
| Agustin Urgiles | $203,000 | $194,600 | $190,360 | $183,760 | $169,450 |
| Raquel Cinat | $181,380 | $178,900 | $174,960 | $169,100 | $155,290 |
| Anne O | $180,380 | $166,200 | — | — | — |
| Leticia Alejandrez | — | $174,400 | — | — | — |
| Alana O'Brien | $152,900 | $148,750 | $150,500 | $141,280 | $137,610 |
| Charlene Tatis | $151,700 | $150,300 | — | $141,100 | $136,200 |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Closes the digital divide across California by leading statewide initiatives and collaborating with partners to expand high-speed internet access and digital literacy.
Questions for California Emerging Technology Fund
Your first name shows with your question. California Emerging Technology Fund answers here, for everyone.
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CETF completed the development of the CETF Digital Equity Ecosystem as a major asset: integrated to optimize impact of each component, driven by Direct Notification; achieved the most cost-effective system of services operating at scale statewide; and recognized by partners as a valuable asset with increasing references in partner…
On December 31, 2024 CETF and >51 Partners were awarded a Competitive Grant ($12M total with $1M net to CETF) by the U.S. Department of Commerce National Telecommunications and Information Administration (NTIA).
CETF completed and met all CETF T-Mobile MOU performance obligations. CETF awarded 35 Local Government Best Practices Check List Grants. The Jurisdiction project engaged and facilitated interdisciplinary collaboration in 3 required Learning Communities, and CETF also conducted 2 optional webinars to encourage and support Jurisdictions to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.2M | $10.5M |
| Land, buildings, equipmentLn 10c | $7K | $6K |
| Total assetsLn 16 | $18.8M | $12.1M |
| LiabilitiesLn 26 | $408K | $241K |
| Net assetsLn 32 | $18.4M | $11.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4.1M | $4.1M | ||
| Pay of current officers, directors and key staffLn 5 | $892K | $759K | $134K | |
| Other salaries and wagesLn 7 | $1.2M | $1.0M | $184K | |
| Pension plan contributionsLn 8 | $189K | $161K | $28K | |
| Other employee benefitsLn 9 | $166K | $141K | $25K | |
| Payroll taxesLn 10 | $131K | $112K | $20K | |
| Legal feesLn 11b | $20K | $19K | $820 | |
| Accounting feesLn 11c | $18K | $17K | $718 | |
| Investment management feesLn 11f | $10K | $10K | ||
| Other fees for servicesLn 11g | $2.5M | $2.4M | $78K | |
| Office expensesLn 13 | $41K | $35K | $6K | |
| Information technologyLn 14 | $58K | $50K | $9K | |
| OccupancyLn 16 | $60K | $51K | $9K | |
| TravelLn 17 | $47K | $47K | ||
| Conferences, conventions and meetingsLn 19 | $118K | $100K | $18K | |
| Depreciation, depletion and amortizationLn 22 | $7K | $6K | $1K | |
| InsuranceLn 23 | $58K | $50K | $9K | |
| Other expenses (24a–d)Ln 24 | $742K | $742K | ||
| All other expensesLn 24e | $90K | $90K | ||
| Total functional expensesLn 25 | $10.4M | $9.9M | $532K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $3.9M | $10.4M | −$6.5M | $11.9M | 990 PDF |
| FY2024 | $2.7M | $10.6M | −$7.9M | $18.4M | 990 PDF |
| FY2023 | $3.6M | $9.5M | −$5.9M | $26.3M | 990 PDF |
| FY2022 | $1.2M | $9.6M | −$8.3M | $32.2M | 990 PDF |
| FY2021 | $253K | $7.9M | −$7.6M | $40.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $3,938,233 revenue, 12 lines filed
Part VI · Governance 10 of 12 board members independent, no flags
Part VIII · Statement of revenue $3,938,233 across 7 lines filed
Part IX · Statement of functional expenses $10,441,474 across 19 lines filed
Part X · Balance sheet $12,139,308 assets, 16 lines filed
Part XI · Reconciliation of net assets $11,897,947 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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