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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 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
8 people listed on the 990.
Wesley Alexander’s $120K as CEO is at the 82nd 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.
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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 15aNo
Programs and updates
Fosters innovation and entrepreneurship to drive economic development in Richmond, California.
Questions for Cobiz Richmond INC
Your first name shows with your question. Cobiz Richmond INC answers here, for everyone.
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Cobiz continued providing low to no cost business innovation and incubation services in a collaborative shared work-space setting, serving the community and essential professionals through the pandemic and numerous shelter in place orders.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $75K | $155K |
| Total assetsLn 16 | $181K | $288K |
| LiabilitiesLn 26 | $170K | $209K |
| Net assetsLn 32 | $11K | $80K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $130K | $104K | $26K | |
| Other employee benefitsLn 9 | $5K | $4K | $1K | |
| Payroll taxesLn 10 | $10K | $8K | $2K | |
| Legal feesLn 11b | $136K | $109K | $27K | |
| Accounting feesLn 11c | $35K | $28K | $7K | |
| Other fees for servicesLn 11g | $13K | $10K | $3K | |
| Advertising and promotionLn 12 | $7K | $5K | $1K | |
| Office expensesLn 13 | $5K | $4K | $936 | |
| Information technologyLn 14 | $2K | $2K | $437 | |
| OccupancyLn 16 | $179K | $143K | $36K | |
| TravelLn 17 | $954 | $763 | $191 | |
| InterestLn 20 | $631 | $505 | $126 | |
| InsuranceLn 23 | $4K | $3K | $815 | |
| Other expenses (24a–d)Ln 24 | $131K | $105K | $26K | |
| All other expensesLn 24e | $21K | $17K | $4K | |
| Total functional expensesLn 25 | $679K | $543K | $136K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $748K | $679K | $69K | $80K | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $929K | $891K | $38K | $11K | 990 PDF |
| FY2023Filed with the IRS Aug 7, 2024 | $610K | $622K | −$12K | −$27K | 990 PDF |
| FY2022Filed with the IRS Aug 9, 2023 | $564K | $623K | −$59K | −$15K | 990 PDF |
| FY2021Filed with the IRS Oct 25, 2022 | $788K | $756K | $32K | $298K | 990 PDF |
| FY2020Filed with the IRS Sep 22, 2021 | $697K | $494K | $203K | $266K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $747,923 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $747,923 across 7 lines filed
Part IX · Statement of functional expenses $679,124 across 15 lines filed
Part X · Balance sheet $288,376 assets, 10 lines filed
Part XI · Reconciliation of net assets $79,824 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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