Overview
What is California Emerging Technology Fund?
California Emerging Technology Fund (CETF) is a nonprofit organization based in Concord, California, dedicated to minimizing the digital divide by accelerating the deployment and adoption of broadband and advanced communication services in underserved communities. Since its inception, CETF has awarded over $50 million in grants to community organizations and public agencies, supporting initiatives such as establishing the California Telehealth Network and launching School2Home, a program that bridges the digital divide and achievement gap in low-performing middle schools in low-income communities. CETF has also trained nearly a million individuals in digital literacy and assisted approximately 500,000 households in gaining affordable home internet service. Through partnerships with internet service providers like Frontier Communications and Charter Communications, CETF has implemented public benefits and managed charitable funds to boost broadband adoption in low-income households. As of 2019, CETF has entered into an MOU with T-Mobile, receiving funding to continue its core mission and expand digital inclusion programs. With a team of 15 employees, CETF works tirelessly to make California a global leader in broadband technology availability and use.
Official website here: www.cetfund.org
Is California Emerging Technology Fund legitimate?
California Emerging Technology Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Emerging Technology Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,583,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $552,707
For more financial information, click here
Official website here: www.cetfund.org
What is the mission statement of California Emerging Technology Fund?
The California Emerging Technology Fund serves as a leader in minimizing the digital divide by accelerating the deployment and adoption of broadband and advanced communication services in underserved and underprivileged communities. Their primary mission is to ensure that California maintains a global lead in the availability and utilization of broadband technology. Since its inception, the fund has granted over $50 million to community non-profit organizations and public agencies, contributing to initiatives like the California Telehealth Network and School2Home, which aims to close both the digital divide and the achievement gap in low-performance middle schools in low-income communities. Furthermore, they have trained nearly one million individuals in digital literacy and assisted approximately half a million households in accessing affordable home internet service. The fund has also entered into partnerships with internet service providers like Frontier Communications and Charter Communications to implement public benefit obligations, supporting broadband adoption in low-income households.
Official website here: www.cetfund.org
Who is the CEO of California Emerging Technology Fund?
Rich Motta is the Chair of California Emerging Technology Fund. The CEO's salary of California Emerging Technology Fund is $547,400 and their total compensation is $606,764.
Official website here: www.cetfund.org
What is the revenue of California Emerging Technology Fund?
California Emerging Technology Fund's revenue in 2023 was $3,574,011.
Official website here: www.cetfund.org
Who are the executives of California Emerging Technology Fund and what are their salaries?
The average compensation at California Emerging Technology Fund during 2023 was $142,405. There are 15 employees at California Emerging Technology Fund.
Here are 18 key members and their salaries (California Emerging Technology Fund's CEO's salary is $547,400 and their total compensation is $606,764):
- Sunne Wright Mcpeak (President And Ceo)
- Agustin Urgiles (School2Home Executive Mana)
- Raquel Cinat (Associate Vice President)
- Alana O'Brien (Vice President Operations)
- Richard Motta (Treasurer) [Trustee/Director]
- Renee Martinez (Vice Chair) [Trustee/Director]
- Francis Gipson (Director)
- Barbara O'Connor (Chair) [Trustee/Director]
- Jim Kirkland (Director)
- Carlos Ramos (Director)
- Jeff Campbell (Director)
- Martha Escutia (Director)
- Barb Johnston Yellowlees (Director)
- Darrell Stewart (Secretary) [Trustee/Director]
- Tim Mccallion (Director)
- Dorian Traube (Director)
- Shireen Santosham (Director)
- Lenny Mendonca (Director)
Official website here: www.cetfund.org
Where can I find the form 990 for California Emerging Technology Fund?
The California Emerging Technology Fund’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.cetfund.org
Learn more at the official website: www.cetfund.org
Mission Statement of California Emerging Technology Fund
California Emerging Technology Fund (CETF) plays a significant role in minimizing the digital divide across the state. Its mission is to provide leadership nationwide by accelerating the deployment and adoption of broadband and advanced communication services in underserved and unserved communities. By doing so, CETF aims to ensure that California maintains its position as a global leader in the availability and utilization of broadband technology.
CETF has been instrumental in achieving this mission since its inception. It has awarded over $50 million in grants to community non-profit organizations and public agencies, including providing seed capital to establish the California Telehealth Network. Furthermore, CETF developed and leads School2Home, a program that closes both the digital divide and the achievement gap in low-performing middle schools in low-income communities. CETF, in partnership with grantees, has trained nearly one million individuals in digital literacy and assisted approximately half a million households in connecting to affordable home internet service.
CETF has also entered into memorandums of understanding (MOUs) with internet service providers (ISPs) such as Frontier Communications, Inc. and Charter Communications, Inc. These agreements have resulted in the implementation of public benefits as a result of corporate consolidations, with CETF managing charitable funds from Frontier to achieve new broadband adoptions by low-income households in their service areas. In 2019, CETF entered into an MOU with T-Mobile, which became effective in April 2020, receiving $35 million from T-Mobile to continue its core mission and support digital inclusion programs in their statewide service area.
Impact
This information is meant to be a general summary of California Emerging Technology Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
California Emerging Technology Fund has made a significant impact in closing the digital divide by accelerating the deployment and adoption of broadband and other advanced communication services to unserved and underserved communities. Since its inception, CETF has awarded over $50 million in grants to community non-profit organizations and public agencies, including providing seed capital for initiatives such as the California Telehealth Network. Through programs like School2Home, CETF has been instrumental in bridging the digital gap and achievement disparities in low-performing middle schools in low-income areas.
Additionally, CETF has trained nearly 1 million individuals in digital literacy and helped around 500,000 households access affordable home internet services. By entering into memoranda of understanding with major internet service providers like Frontier Communications and Charter Communications, CETF has been able to ensure the fulfillment of public benefit obligations and drive new broadband adoptions by low-income households.
Furthermore, CETF's partnerships with companies like Charter Communications and T-Mobile have provided substantial funding, enabling the organization to continue its mission and support critical programs like School2Home and digital inclusion initiatives. Through these efforts, CETF has played a pivotal role in promoting digital equity and connectivity across California.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC PARTNERSHIP PROGRAM REVENU
Revenue
$1,961,379
Organization Details
Founding Year
2006
Phone
(415) 744-2383
Principal Officer
Rich Motta
Main Address
PO BOX 5897, CONCORD, CA, 94524
Website
www.cetfund.org
NTEE Category
Code: S19 - Community improvement
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