Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 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
7 people listed on the 990.
Shrina Kurani’s $63K as Executive Director is at the 60th percentile of top reported officer pay among 1217 $100K–1M employment 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 · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Miki Reynolds | $50,938 | $114,361 | $107,459 | $114,361 |
| Shrina Kurani | $63,043 | — | — | — |
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
Helps new entrepreneurs in Los Angeles find their way to success.
Questions for Grid110 INC
Your first name shows with your question. Grid110 INC answers here, for everyone.
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Launchpad Extension Program
Facilitated 1 cohort of 12 companies, who were ready to take their idea past launch and receive more focused support including additional educational programming, mentorship and critical resources. "
Idea to Launch Bootcamp
Faciliated 1 cohort of 34 idea stage companies, providing them with access to educational programming, mentorship and critical resources.
Community Expenses
Supported previous program participants (alumni) through continued educational workshops, networking events, and advising hours. We also supported external community through events and workshops. "
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $196K | $388K |
| Total assetsLn 16 | $196K | $451K |
| LiabilitiesLn 26 | $3K | $161K |
| Net assetsLn 32 | $193K | $290K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $299K | $179K | $90K | $30K |
| Other employee benefitsLn 9 | $17K | $10K | $5K | $2K |
| Payroll taxesLn 10 | $23K | $14K | $7K | $2K |
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Other fees for servicesLn 11g | $7K | $4K | $3K | |
| Office expensesLn 13 | $400 | $400 | ||
| OccupancyLn 16 | $973 | $973 | ||
| TravelLn 17 | $640 | $640 | ||
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InsuranceLn 23 | $3K | $1K | $1K | |
| Other expenses (24a–d)Ln 24 | $44K | $40K | $4K | $0 |
| All other expensesLn 24e | $251 | $146 | $105 | |
| Total functional expensesLn 25 | $408K | $258K | $116K | $34K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $422K | $408K | $14K | $290K | 990 PDF |
| FY2023 | $737K | $570K | $167K | $193K | 990 PDF |
| FY2022 | $627K | $703K | −$76K | $26K | 990 PDF |
| FY2021 | $639K | $652K | −$13K | $67K | 990 PDF |
| FY2020 | $568K | $466K | $102K | $80K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $421,584 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $421,584 across 4 lines filed
Part IX · Statement of functional expenses $407,859 across 13 lines filed
Part X · Balance sheet $451,448 assets, 10 lines filed
Part XI · Reconciliation of net assets $290,373 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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