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
94 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
18 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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Since inception, cetf has awarded more than $49m in grants to community non-profit organizations and public agencies, including providing the seed capital to establish the california telehealth network.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.9M | $23.0M |
| Land, buildings, equipmentLn 10c | $7K | $3K |
| Total assetsLn 16 | $50.5M | $44.2M |
| LiabilitiesLn 26 | $2.3M | $3.6M |
| Net assetsLn 32 | $48.1M | $40.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $889K | $889K | ||
| Pay of current officers, directors and key staffLn 5 | $1.2M | $945K | $295K | |
| Other salaries and wagesLn 7 | $559K | $521K | $38K | |
| Pension plan contributionsLn 8 | $63K | $60K | $3K | |
| Other employee benefitsLn 9 | $35K | $37K | −$2K | |
| Payroll taxesLn 10 | $93K | $79K | $14K | |
| Legal feesLn 11b | $20K | $20K | ||
| Accounting feesLn 11c | $68K | $68K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $7K | $7K | ||
| Office expensesLn 13 | $22K | $22K | ||
| Information technologyLn 14 | $45K | $45K | ||
| OccupancyLn 16 | $71K | $61K | $11K | |
| TravelLn 17 | $1K | $1K | $199 | |
| Conferences, conventions and meetingsLn 19 | $476 | $476 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $3K | $571 | |
| InsuranceLn 23 | $42K | $36K | $6K | |
| Other expenses (24a–d)Ln 24 | $4.1M | $4.1M | ||
| All other expensesLn 24e | $649K | $643K | $7K | |
| Total functional expensesLn 25 | $7.9M | $7.4M | $470K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $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 Viewing | $253K | $7.9M | −$7.6M | $40.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $253,401 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $253,401 across 4 lines filed
Part IX · Statement of functional expenses $7,893,942 across 19 lines filed
Part X · Balance sheet $44,150,511 assets, 14 lines filed
Part XI · Reconciliation of net assets $40,508,236 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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