Pacific Community Ventures INC FY2020 filing

Tax-deductible

Oakland, CA501(c)(3)Since 1998Community DevelopmentEIN 77-0485877Revenue $5.1M in FY2020

On file with the IRSpacificcommunityventures.org1714 Franklin St Ste 100 Pmb 147, 94612-3409 · Oakland, CATax-exempt since Oct 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To create jobs and economic opportunity in lower-income communities

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $2.7M a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $6.0M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.5M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
Spent
$3.8M
To programs
85%
Net assets
$6.8M
By yearFY2020–FY2024
Revenue
$5.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$8.5M
FY2022$7.3M
FY2023$7.7M
FY2024$13.0M
Expenses
$3.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$5.2M
FY2022$5.9M
FY2023$6.4M
FY2024$7.0M
Net assets
$6.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$10.1M
FY2022$11.4M
FY2023$12.9M
FY2024$18.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Oct 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $3.2M Management & general 11% · $414K Fundraising 4% · $139K

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

16 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$221,050Pt VII · Sec A
Managing Director, Researc
$220,865Pt VII · Sec A
Managing Director, Ba & Le
$195,813Pt VII · Sec A
Director, Research & Consu
$146,667Pt VII · Sec A
Director, Finance & Operat
$141,911Pt VII · Sec A
Director, Marketing
$127,705Pt VII · Sec A
Director, Business Advising
$108,332Pt VII · Sec A
Director, Lending
$107,004Pt VII · Sec A

Bulbul Gupta’s $399K as President & CEO is at the 68th percentile of top reported officer pay among 572 $10–100M 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

NameFY2024FY2023FY2022FY2021FY2020
Bulbul Gupta$398,712$275,986$329,404$285,821$221,050
Robert Porter$260,607$223,983$228,268$217,709$195,813
Justin Fier———$162,762$220,865
Robyn Miller—$205,262$164,988$154,522$141,911
Thomas Woelfel———$180,842$146,667
Catherine Bell$180,311$165,019———
Ketav Patel—$165,550$31,486——
Robyn Rogin$136,391$155,720$116,672——

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

Creates jobs and economic opportunity in lower-income communities.

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Provided by the organization

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3 programs · $3.2M · in their own filed words · FY2020
01

Provides small, undercapitalized businesses in LOW/MODERATE income communities with key resources and insights. This business advisory service allows these businesses to grow and weather challenges, which contributes to employment in LOW/MODERATE income communities, and greater economic vitality in those communities.

$1.3Mprogram expense
02

Provides structured analysis and evaluation to determine the non-financial impacts of the development of investment capital in LOW/MODERATE income communities. Also provides research to provide investors, policy makers, and entrepreneuers with the information and tools they need to more effectively deploy capital and create economic…

$1.0Mprogram expense
03

Small business advising integrated lending loan fund provides debt capital and resources to high growth california businesses that create jobs and opportunities in lower income communities.

$950Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$3.9M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$117K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.2M
Managementcol C$414K
Fundraisingcol D$139K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$14.3M
LiabilitiesLn 26$7.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$117K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$909K
SavingsLn 2$557K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$4.5M
Land, buildings, equipmentLn 10c$38K
Other assetsLn 15$8.2M
Total assetsLn 16$14.3M
LiabilitiesLn 26$7.5M
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 530
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$903K$1.5M
InvestmentsLn 11–13$4.8M$4.5M
Land, buildings, equipmentLn 10c$47K$38K
Total assetsLn 16$11.8M$14.3M
LiabilitiesLn 26$6.3M$7.5M
Net assetsLn 32$5.5M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$638K$549K$33K$55K
Other salaries and wagesLn 7$1.1M$932K$170K$42K
Other employee benefitsLn 9$599K$405K$182K$12K
Payroll taxesLn 10$139K$127K$4K$8K
Accounting feesLn 11c$38K$34K$551$3K
Investment management feesLn 11f$19K$15K$2K$2K
Other fees for servicesLn 11g$386K$375K$8K$3K
Advertising and promotionLn 12$76K$76K$343$278
Office expensesLn 13$31K$27K$2K$2K
Information technologyLn 14$194K$185K$5K$4K
OccupancyLn 16$191K$185K$3K$3K
TravelLn 17$16K$15K$679$544
Conferences, conventions and meetingsLn 19$5K$5K$150$122
InterestLn 20$107K$107K
InsuranceLn 23$25K$20K$2K$2K
Other expenses (24a–d)Ln 24$184K$183K$476$385
All other expensesLn 24e$8K$8K$87$71
Total functional expensesLn 25$3.8M$3.2M$414K$139K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $13.0M$7.0M$6.0M$18.8M 990 PDF
FY2023 $7.7M$6.4M$1.3M$12.9M 990 PDF
FY2022 $7.3M$5.9M$1.4M$11.4M 990 PDF
FY2021 $8.5M$5.2M$3.3M$10.1M 990 PDF
FY2020 Viewing $5.1M$3.8M$1.3M$6.8M 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 FY2020 990 (6 parts)
Part I · Summary $5,106,512 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,580,753$3,860,973
I-9 Program service revenuePrior year $1,470,208$1,128,441
I-10 Investment incomePrior year $250,980$117,098
I-11 Other revenuePrior year $1,250$0
I-12 Total revenuePrior year $3,303,191$5,106,512
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 $2,037,929$2,520,786
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,361,800$1,280,227
I-18 Total expensesPrior year $3,399,729$3,801,013
I-19 Revenue less expensesPrior year −$96,538$1,305,499
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,106,512 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,860,973
VIII-1h Total contributions, gifts and grants$3,860,973
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,128,441$1,128,441
VIII-3 Investment incomeExcluded from tax $117,098$117,098
VIII-12 Total revenueRelated to mission $1,128,441 · Unrelated business $0 · Excluded from tax $117,098$5,106,512
Part IX · Statement of functional expenses $3,801,013 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $549,308 · Management $33,158 · Fundraising $55,263$637,729
IX-7 Other salaries and wagesPrograms $932,141 · Management $170,006 · Fundraising $42,435$1,144,582
IX-9 Other employee benefitsPrograms $404,967 · Management $181,730 · Fundraising $12,451$599,148
IX-10 Payroll taxesPrograms $126,662 · Management $4,173 · Fundraising $8,492$139,327
IX-11c Accounting feesPrograms $34,072 · Management $551 · Fundraising $3,377$38,000
IX-11f Investment management feesPrograms $15,481 · Management $1,891 · Fundraising $1,534$18,906
IX-11g Other fees for servicesPrograms $375,248 · Management $7,780 · Fundraising $3,385$386,413
IX-12 Advertising and promotionPrograms $75,779 · Management $343 · Fundraising $278$76,400
IX-13 Office expensesPrograms $27,132 · Management $2,031 · Fundraising $1,648$30,811
IX-14 Information technologyPrograms $184,557 · Management $5,184 · Fundraising $4,207$193,948
IX-16 OccupancyPrograms $185,077 · Management $3,378 · Fundraising $2,742$191,197
IX-17 TravelPrograms $14,627 · Management $679 · Fundraising $544$15,850
IX-19 Conferences, conventions and meetingsPrograms $4,641 · Management $150 · Fundraising $122$4,913
IX-20 InterestPrograms $106,555$106,555
IX-23 InsurancePrograms $20,285 · Management $2,454 · Fundraising $1,992$24,731
IX-24 Other expenses (24a–d)Programs $183,299 · Management $476 · Fundraising $385$184,160
IX-24e All other expensesPrograms $8,185 · Management $87 · Fundraising $71$8,343
IX-25 Total functional expensesPrograms $3,248,016 · Management $414,071 · Fundraising $138,926$3,801,013
Part X · Balance sheet $14,304,604 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $302,101$909,023
X-2 Savings and temporary cash investmentsStart of year $600,699$556,903
X-3 Pledges and grants receivableStart of year $1,870$50,120
X-4 Accounts receivableStart of year $270,843$53,130
X-9 Prepaid expenses and deferred chargesStart of year $22,357$19,871
X-10c Land, buildings and equipment, netStart of year $47,181$38,491
X-11 Publicly traded securitiesStart of year $4,557,035$4,277,613
X-12 Other securitiesStart of year $199,628$194,859
X-15 Other assetsStart of year $5,844,692$8,204,594
X-16 Total assetsStart of year $11,846,406$14,304,604
X-17 Accounts payable and accrued expensesStart of year $275,412$530,340
X-19 Deferred revenue$15,000
X-24 Unsecured notes and loans payableStart of year $5,976,978$6,518,673
X-25 Other liabilitiesStart of year $25,194$367,923
X-26 Total liabilitiesStart of year $6,340,087$7,500,222
X-27 Net assets without donor restrictionsStart of year $3,302,535$4,966,939
X-28 Net assets with donor restrictionsStart of year $2,203,784$1,837,443
X-32 Total net assets or fund balancesStart of year $5,506,319$6,804,382
X-33 Total liabilities and net assetsStart of year $11,846,406$14,304,604
Part XI · Reconciliation of net assets $6,804,382 net assets at year end
XI-1 Total revenue$5,106,512
XI-2 Total expenses$3,801,013
XI-3 Revenue less expenses$1,305,499
XI-4 Net assets at start of year$5,506,319
XI-5 Net unrealized gains (losses) on investments−$7,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,804,382

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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