C100 Association FY2021 filing

Not tax-deductible

San Francisco, CA501(c)(6)Community DevelopmentEIN 27-1599550Revenue $1.2M in FY2021

On file with the IRSthec100.org2261 Market Street 4181, 94114-1612 · San Francisco, CATax-exempt since Apr 2010

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C100 is a member-driven Association of influential canadians in technology who are committed to supporting, inspiring, and connecting the most promising canadian entrepreneurial leaders. C100's programs support canadian entrepreneurs through mentorship, investment, and partnership.

$235K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $169K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$235K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 21.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$297K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-15% vs prior year
Spent
$896K
To programs
0%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$1.2M
FY2021▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.6M
FY2023$1.6M
FY2024$1.1M
Expenses
$896K
FY2021+0.2%
Tap a bar for its year
Expenses by fiscal year
FY2020$894K
FY2021$896K
FY2022$1.6M
FY2023$1.7M
FY2024$2.7M
Net assets
$2.1M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$1.9M
FY2023$1.9M
FY2024$291K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $235K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$235,000Pt VII · Sec A
Board Member (until November 2022)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Michael Buhr’s $343K as Executive Dir. is at the 90th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Buhr$342,917————
Laura Buhler———$235,000$250,000
Ray Newal—$224,748$226,335——
Megan Bacigalupi————$113,982
Marie Cook—$102,991———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects influential Canadians in tech to mentor, invest in, and partner with promising Canadian entrepreneurs.

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Provided by the organization

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3 programs · $550K · in their own filed words · FY2021
01

Member Program

C100 organizes networking events, dinner series in 4 different cities and charter dinners for our charter members and members.

$280Kprogram expense
02

Marketing and Promotions

C 100 produces content, virtual events, and services for our members, fellows, and other stakeholders throughout the year.

$179Kprogram expense
03

General Programs

C100 encurs operational costs related to accounting, legal and processing fees. Expenses also include computers and software for staff as well as staff DEVELOPMENT/ training. Earned revenues are mainly coming from unrealized gains on an investment account.

$91Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$3K
Other incomeLn 4–11$6
Money outPt IX
$896K
Ln 25
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.4M
LiabilitiesLn 26$297K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$44K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$3K
Other incomeLn 4–11$6
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$640K
Total assetsLn 16$2.4M
LiabilitiesLn 26$297K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$1.6M
InvestmentsLn 11–13$640K
Total assetsLn 16$2.0M$2.4M
LiabilitiesLn 26$246K$297K
Net assetsLn 32$1.7M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$245K
Other salaries and wagesLn 7$261K
Other employee benefitsLn 9$33K
Payroll taxesLn 10$28K
Accounting feesLn 11c$30K
Other fees for servicesLn 11g$125K
Advertising and promotionLn 12$3K
Office expensesLn 13$35K
Information technologyLn 14$41K
OccupancyLn 16$5K
TravelLn 17$13K
Conferences, conventions and meetingsLn 19$721
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$62K
All other expensesLn 24e$13K
Total functional expensesLn 25$896K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$2.7M−$1.5M$291K 990 PDF
FY2023 $1.6M$1.7M−$94K$1.9M 990 PDF
FY2022 $1.6M$1.6M−$61K$1.9M 990 PDF
FY2021 Viewing $1.2M$896K$319K$2.1M 990 PDF
FY2020 $1.4M$894K$527K$1.7M 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
See the full FY2021 990 (6 parts)
Part I · Summary $1,215,137 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,405,408$1,212,408
I-9 Program service revenuePrior year $2,087$0
I-10 Investment incomePrior year $14$2,723
I-11 Other revenuePrior year $13,945$6
I-12 Total revenuePrior year $1,421,454$1,215,137
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $613,029$566,396
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $280,941$329,614
I-18 Total expensesPrior year $893,970$896,010
I-19 Revenue less expensesPrior year $527,484$319,127
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,215,137 across 11 lines filed
Lines not itemized here account for $6 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$227,232
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$44,205
VIII-1f All other contributions, gifts and grants$940,971
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,212,408
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,723$2,723
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $6 · Unrelated business $0 · Excluded from tax $2,723$1,215,137
Part IX · Statement of functional expenses $896,010 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$244,517
IX-7 Other salaries and wages$261,186
IX-9 Other employee benefits$32,609
IX-10 Payroll taxes$28,084
IX-11c Accounting fees$29,608
IX-11g Other fees for services$124,909
IX-12 Advertising and promotion$2,722
IX-13 Office expenses$34,953
IX-14 Information technology$40,919
IX-16 Occupancy$4,521
IX-17 Travel$13,495
IX-19 Conferences, conventions and meetings$721
IX-23 Insurance$2,492
IX-24 Other expenses (24a–d)$62,429
IX-24e All other expenses$12,845
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$896,010
Part X · Balance sheet $2,376,198 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,871,353$1,595,703
X-4 Accounts receivableStart of year $39,713$66,660
X-9 Prepaid expenses and deferred chargesStart of year $4,619$73,835
X-11 Publicly traded securities$640,000
X-16 Total assetsStart of year $1,969,085$2,376,198
X-17 Accounts payable and accrued expensesStart of year $30,649$35,302
X-19 Deferred revenueStart of year $215,778$261,829
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $246,427$297,131
X-27 Net assets without donor restrictionsStart of year $1,722,658$2,079,067
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,722,658$2,079,067
X-33 Total liabilities and net assetsStart of year $1,969,085$2,376,198
Part XI · Reconciliation of net assets $2,079,067 net assets at year end
XI-1 Total revenue$1,215,137
XI-2 Total expenses$896,010
XI-3 Revenue less expenses$319,127
XI-4 Net assets at start of year$1,722,658
XI-5 Net unrealized gains (losses) on investments$37,282
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,079,067

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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