Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
13 people listed on the 990; $125K paid to officers and key staff (Part VII, Section A).
Stephen Davis’s $132K as President is at the 37th 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Stephen Davis | $132,500 | $125,000 | $127,300 | $125,000 | $98,000 | $94,500 |
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 Investment Collaborative executive salaries →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
Empowers under-resourced entrepreneurs with education, mentoring, and micro-loans for economic growth.
Questions for Community Investment Collaborative
Your first name shows with your question. Community Investment Collaborative answers here, for everyone.
Cic provides business education, mentoring and networking opportunities to under-resourced entrepreneurs. The signature education program is a 16 wee entrepreneur workshop that combines case studies, discussion and applied learning.
The CVSBDC is housed at cic with support from the small business administration, state and local governments along with private support. It provides free one on one business advising and training workshops. In 2022, CVSBDC provided 571 clients with 5190 hours of business advising.
Cic has two core financing programs including a microloan program that provides loans up to 50,000, a micro grants program that helps under- resourced entrepreneurs test their product or services. In 2022, 36 businesses received 471,380 in loans and 21,938 in microgrants. Cic's lifetime total lending to date includes 2,503,492 in loans.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 1 smaller program.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.3M |
| Land, buildings, equipmentLn 10c | $99K | $99K |
| Total assetsLn 16 | $2.3M | $2.6M |
| LiabilitiesLn 26 | $327K | $349K |
| Net assetsLn 32 | $2.0M | $2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $681K | $681K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $125K | $114K | $3K | $8K |
| Other salaries and wagesLn 7 | $658K | $601K | $16K | $41K |
| Other employee benefitsLn 9 | $87K | $83K | $4K | |
| Payroll taxesLn 10 | $60K | $55K | $2K | $4K |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $45K | $8K | $37K | |
| Other fees for servicesLn 11g | $46K | $33K | $13K | |
| Advertising and promotionLn 12 | $15K | $11K | $300 | $4K |
| Office expensesLn 13 | $43K | $30K | $9K | $3K |
| Information technologyLn 14 | $35K | $33K | $2K | $200 |
| OccupancyLn 16 | $107K | $101K | $303 | $6K |
| Conferences, conventions and meetingsLn 19 | $11K | $11K | ||
| Depreciation, depletion and amortizationLn 22 | $12K | $12K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $81K | $59K | $4K | $18K |
| All other expensesLn 24e | $20K | $13K | $6K | $781 |
| Total functional expensesLn 25 | $2.0M | $1.8M | $102K | $98K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $3.1M | $2.6M | $540K | $2.8M | 990 PDF |
| FY2024Filed with the IRS Jun 16, 2025 | $2.4M | $2.4M | −$25K | $2.3M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $2.1M | $2.0M | $58K | $2.3M | 990 PDF |
| FY2022 ViewingFiled with the IRS May 15, 2023 | $2.2M | $2.0M | $209K | $2.2M | 990 PDF |
| FY2021Filed with the IRS May 25, 2022 | $2.8M | $2.4M | $453K | $2.0M | 990 PDF |
| FY2020Filed with the IRS May 3, 2021 | $13.5M | $12.7M | $754K | $1.6M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $2,244,096 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 2 to look at
Part VIII · Statement of revenue $2,244,096 across 6 lines filed
Part IX · Statement of functional expenses $2,035,079 across 17 lines filed
Part X · Balance sheet $2,566,394 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,217,883 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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