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3c Capital Fund INC

Tax-deductible

Bakersfield, CA501(c)(3)Since 2016Community Development EIN 81-3147737Revenue $298K in FY2025Latest return filed May 13, 2026

On file with the IRS3ccf.orgPo Box 71355, 93387-1355 · Bakersfield, CATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The programs mission is to develop, grow and launch new business innovations, technologies and solutions to stimulate economic growth, provide support for low income communities

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $24K a year · 9% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$108K
164% of total assets
Concern: liabilities are 164% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
+15% vs prior year
Spent
$340K
To programs
71%
Net assets
−$42K
By yearFY2021–FY2025
Revenue
$298K
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$161K
FY2022$162K
FY2023$233K
FY2024$260K
FY2025$298K
Expenses
$340K
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$256K
FY2024$268K
FY2025$340K
Net assets
−$42K
FY2025▼ -163%
Tap a bar for its year
Net assets by fiscal year
FY2021$31K
FY2022$38K
FY2023−$11K
FY2024−$16K
FY2025−$42K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2017.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $242K Management & general 26% · $90K Fundraising 3% · $9K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ali Morris
Board Chair President
$0Pt VII · Sec A

Cherie Lawson’s $9K as Project Manager is at the 5th percentile of top reported officer pay among 1709 $100K–1M 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.

See 3c Capital Fund INC 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 15aNo

Programs and updates

Funded underserved businesses and community projects, focusing on technology and science.

Questions for 3c Capital Fund INC

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1 program · $242K · in their own filed words · FY2025
01

During 2025, the organization served a number of participants by providing business assessment and development for startup and initial operating activities for low income to moderate income small business owners. The organization awarded grants in the amount of $2500.

$242Kprogram 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
Kaiser Foundation HospitalsFY2024$24K
Total grants receivedfrom 1 funder$24K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$296K
Fees for servicesLn 2g$2K
Money outPt IX
$340K
Ln 25
Programscol B$242K
Managementcol C$90K
Fundraisingcol D$9K
Owns and owesPt X
−$42K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$108K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Government grantsLn 1e$275K
Fees for servicesLn 2g$2K
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$66K
Cash and savings togetherLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$108K
Net assetsLn 32−$42K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$9K$66K
Total assetsLn 16$9K$66K
LiabilitiesLn 26$25K$108K
Net assetsLn 32−$16K−$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Management feesLn 11a$184K$151K$25K$8K
Accounting feesLn 11c$32K$13K$19K
Advertising and promotionLn 12$5K$3K$2K$640
Office expensesLn 13$1K$845$493
Information technologyLn 14$12K$10K$1K
OccupancyLn 16$39K$39K
TravelLn 17$526$336$190
Conferences, conventions and meetingsLn 19$61K$61K$157
InsuranceLn 23$2K$2K
Total functional expensesLn 25$340K$242K$90K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 13, 2026 $298K$340K−$42K−$42K 990 PDF
FY2024Filed with the IRS Apr 30, 2025 $260K$268K−$8K−$16K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $233K$256K−$23K−$11K 990 PDF
FY2022Filed with the IRS Nov 17, 2023 $162K$38K 990 PDF
FY2021Filed with the IRS Mar 27, 2022 $161K$31K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $298,132 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $259,711$295,965
I-9 Program service revenuePrior year $490$2,167
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $260,201$298,132
I-13 Grants and similar amounts paidPrior year $2,000$2,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $265,788$337,504
I-18 Total expensesPrior year $267,788$340,004
I-19 Revenue less expensesPrior year −$7,587−$41,872
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $298,132 across 6 lines filed
VIII-1e Government grants$275,415
VIII-1f All other contributions, gifts and grants$20,550
VIII-1h Total contributions, gifts and grants$295,965
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,167$2,167
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,167 · Unrelated business $0 · Excluded from tax $0$298,132
Part IX · Statement of functional expenses $340,004 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $2,500$2,500
IX-11a Management feesPrograms $150,988 · Management $24,994 · Fundraising $8,000$183,982
IX-11c Accounting feesPrograms $12,900 · Management $19,350$32,250
IX-12 Advertising and promotionPrograms $2,603 · Management $1,800 · Fundraising $640$5,043
IX-13 Office expensesPrograms $845 · Management $493$1,338
IX-14 Information technologyPrograms $10,357 · Management $1,347$11,704
IX-16 OccupancyManagement $39,177$39,177
IX-17 TravelPrograms $336 · Management $190$526
IX-19 Conferences, conventions and meetingsPrograms $61,009 · Management $157$61,166
IX-23 InsuranceManagement $2,318$2,318
IX-25 Total functional expensesPrograms $241,538 · Management $89,826 · Fundraising $8,640$340,004
Part X · Balance sheet $65,591 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $9,006$65,591
X-16 Total assetsStart of year $9,006$65,591
X-17 Accounts payable and accrued expensesStart of year $7,490$107,543
X-26 Total liabilitiesStart of year $24,938$107,543
X-27 Net assets without donor restrictionsStart of year −$15,932−$41,952
X-32 Total net assets or fund balancesStart of year −$15,932−$41,952
X-33 Total liabilities and net assetsStart of year $9,006$65,591
Part XI · Reconciliation of net assets −$41,952 net assets at year end
XI-1 Total revenue$298,132
XI-2 Total expenses$340,004
XI-3 Revenue less expenses−$41,872
XI-4 Net assets at start of year−$15,932
XI-9 Other changes in net assets$15,852
XI-10 Net assets at end of year−$41,952

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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