C100 Association FY2023 filing

Not tax-deductible

San Francisco, CA501(c)(6)Community DevelopmentEIN 27-1599550Revenue $1.6M in FY2023

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.

87¢ of each $1 spent went to programs.
$328K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$328K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$501K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+4% vs prior year
Spent
$1.7M
To programs
87%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +4%
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
$1.7M
FY2023▲ +6%
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
$1.9M
FY2023▼ -1%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.5M Management & general 12% · $209K Fundraising 1% · $20K

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

13 people listed on the 990; $328K paid to officers and key staff.

Part VII, Section A · reportable compensation
$224,748Pt VII · Sec A
Comm. SR. Mgr.
$102,991Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

See C100 Association executive salaries →

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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

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

Provided by the organization

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3 programs · $1.5M · in their own filed words · FY2023
01

Member Program

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

$1.5Mprogram expense
02

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.

Pt IX · col B
03

Marketing and Promotions

C100 produces content, virtual events, and services for our members, fellows, and other stakeholders throughout the year.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$278K
Investment incomeLn 3$16K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$209K
Fundraisingcol D$20K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$501K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$278K
Investment incomeLn 3$16K
Other incomeLn 4–11$5
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$653K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.4M
LiabilitiesLn 26$501K
Net assetsLn 32$1.9M
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 FY23End FY23
Cash and savingsLn 1–2$1.5M$1.4M
InvestmentsLn 11–13$549K$653K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$420K$501K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$225K$189K$29K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$388K$326K$50K$12K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$18K$15K$2K$378
Payroll taxesLn 10$23K$21K$2K$411
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$54K$449$54K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$258K$251K$7K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$11K$9K$2K
Information technologyLn 14$29K$17K$12K
RoyaltiesLn 15$0
OccupancyLn 16$1K$891$121
TravelLn 17$94K$93K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$24$2K
Other expenses (24a–d)Ln 24$589K$554K$36K
All other expensesLn 24e$15K$3K$12K$75
Total functional expensesLn 25$1.7M$1.5M$209K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$2.7M−$1.5M$291K 990 PDF
FY2023 Viewing $1.6M$1.7M−$94K$1.9M 990 PDF
FY2022 $1.6M$1.6M−$61K$1.9M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,615,494 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,413,434$1,321,003
I-9 Program service revenuePrior year $131,810$278,099
I-10 Investment income$16,387
I-11 Other revenuePrior year $10,066$5
I-12 Total revenuePrior year $1,555,310$1,615,494
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $668,958$653,476
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $947,383$1,056,216
I-18 Total expensesPrior year $1,616,341$1,709,692
I-19 Revenue less expensesPrior year −$61,031−$94,198
Part VI · Governance 11 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
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 $1,615,494 across 11 lines filed
VIII-1b Membership dues$256,763
VIII-1f All other contributions, gifts and grants$1,064,240
VIII-1h Total contributions, gifts and grants$1,321,003
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $278,099$278,099
VIII-3 Investment incomeExcluded from tax $16,387$16,387
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5$5
VIII-12 Total revenueRelated to mission $278,104 · Excluded from tax $16,387$1,615,494
Part IX · Statement of functional expenses $1,709,692 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $188,834 · Management $28,930 · Fundraising $6,984$224,748
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $325,765 · Management $49,908 · Fundraising $12,049$387,722
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $15,309 · Management $1,887 · Fundraising $378$17,574
IX-10 Payroll taxesPrograms $20,537 · Management $2,484 · Fundraising $411$23,432
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $449 · Management $53,884$54,333
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $251,477 · Management $6,789$258,266
IX-12 Advertising and promotionPrograms $2,628$2,628
IX-13 Office expensesPrograms $8,912 · Management $2,227$11,139
IX-14 Information technologyPrograms $17,004 · Management $11,694$28,698
IX-15 Royalties$0
IX-16 OccupancyPrograms $891 · Management $121$1,012
IX-17 TravelPrograms $92,511 · Management $1,598$94,109
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $24 · Management $1,658$1,682
IX-24 Other expenses (24a–d)Programs $553,636 · Management $35,620$589,256
IX-24e All other expensesPrograms $2,734 · Management $12,284 · Fundraising $75$15,093
IX-25 Total functional expensesPrograms $1,480,711 · Management $209,084 · Fundraising $19,897$1,709,692
Part X · Balance sheet $2,402,451 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,527,367$1,390,863
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $79,344$226,002
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $191,406$132,944
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $549,416$652,642
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,347,533$2,402,451
X-17 Accounts payable and accrued expensesStart of year $77,743$225,804
X-19 Deferred revenueStart of year $342,337$275,303
X-26 Total liabilitiesStart of year $420,080$501,107
X-27 Net assets without donor restrictionsStart of year $1,927,453$1,901,344
X-32 Total net assets or fund balancesStart of year $1,927,453$1,901,344
X-33 Total liabilities and net assetsStart of year $2,347,533$2,402,451
Part XI · Reconciliation of net assets $1,901,344 net assets at year end
XI-1 Total revenue$1,615,494
XI-2 Total expenses$1,709,692
XI-3 Revenue less expenses−$94,198
XI-4 Net assets at start of year$1,927,453
XI-5 Net unrealized gains (losses) on investments$86,839
XI-9 Other changes in net assets−$18,750
XI-10 Net assets at end of year$1,901,344

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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