Overview
What is Icafund?
Icafund is a nonprofit organization situated in Oakland, California, specifically at 1714 Franklin Street 100-174. Their primary mission is to promote the growth of small businesses in the San Francisco Bay Area by providing coaching, connections, and capital. Icafund aims to bridge the racial and gender wealth gaps by investing in entrepreneurs who often struggle to access capital and business services. They work with low-income entrepreneurs, entrepreneurs of color, women entrepreneurs, and those who have been previously excluded from such resources, helping them develop their businesses, create jobs, and build wealth. In the past year, they have deployed 1 new convertible loan, 4 new working capital loans, and 9 new impact notes to support these businesses.
Official website here: www.ica.fund
Is Icafund legitimate?
Icafund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Icafund 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: $844,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,456,428
For more financial information, click here
Official website here: www.ica.fund
What is the mission statement of Icafund?
Icafund's mission is centered around promoting business growth and addressing wealth disparities. The organization provides coaching, connections, and capital to entrepreneurs in the San Francisco Bay Area, with a focus on low-income individuals, entrepreneurs of color, women entrepreneurs, and those who have struggled to access capital and business services. By supporting these entrepreneurs, Icafund aims to help them grow their businesses, create job opportunities, and build wealth for themselves and their employees. Additionally, the corporation engages in charitable activities aligned with its purpose, as permitted by law.
Official website here: www.ica.fund
Who is the CEO of Icafund?
Allison Kelly is the Chief Executive Officer of Icafund. The CEO's salary of Icafund is $268,853 and their total compensation is $275,306.
Official website here: www.ica.fund
What is the revenue of Icafund?
Who are the executives of Icafund and what are their salaries?
The average compensation at Icafund during 2022 was $88,487. There are 26 employees and 36 volunteers at Icafund.
Here are 23 key members and their salaries (Icafund's CEO's salary is $268,853 and their total compensation is $275,306):
- Allison Kelly (Chief Executive Officer)
- John Gough (Chief Investment Officer)
- Dianna Tremblay (Chief Program Officer)
- Daniel Lee (Vp Of Fin. And Oper. (Thru 9/3/22))
- Yui Ueno (Senior Director Of Investment)
- Caron Gugssa-Howard (Dir Of Investment & Portfolio Mgmt)
- Erica Dixon (Marketing Manager)
- Lovely Abordo (Financial Analyst)
- Dennise Estrada (Vp Of Fin & Admin (Starting 8/1/22))
- Jack Russi (Co-Chair) [Trustee/Director]
- Jim Harris (Co-Chair, Investment Committee Chair) [Trustee/Director]
- Jim King (Development Committee Chair) [Trustee/Director]
- Dennis Green (Audit Committee Chair) [Trustee/Director]
- Wilbur Hobbs (Treasurer, Finance Committee Chair) [Trustee/Director]
- Justina Lai (Board Member) [Trustee/Director]
- Al De Almeida (Board Member) [Trustee/Director]
- Sean Daniel Murphy (Board Member) [Trustee/Director]
- Don Reinke (Board Member) [Trustee/Director]
- Mona Masri (Board Member) [Trustee/Director]
- Sahra Halpern (Board Member) [Trustee/Director]
- Penina Goodman (Board Member) [Trustee/Director]
- Nicole Auyang (Board Member) [Trustee/Director]
- Conchita Tucker (Board Member) [Trustee/Director]
Official website here: www.ica.fund
Where can I find the form 990 for Icafund?
The Icafund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ica.fund
Learn more at the official website: www.ica.fund
Mission Statement of Icafund
Icafund, a corporation based in the San Francisco Bay Area, is committed to accelerating the growth of businesses. They achieve this by providing mentorship and investments to entrepreneurs. The organization's primary mission is to bridge racial and gender wealth gaps. Icafund focuses on supporting low-income entrepreneurs, entrepreneurs of color, women entrepreneurs, and those who have struggled to access capital and business services. By doing so, Icafund empowers these entrepreneurs to grow their businesses, create job opportunities, and build wealth for themselves and their employees. Additionally, Icafund engages in charitable activities that align with its purpose, as permitted by law. This nonprofit corporation is dedicated to making a significant impact in the business community by fostering growth and equality.
Impact
This information is meant to be a general summary of Icafund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Icafund accelerates great businesses through mentorship and investments to close the racial and gender wealth gaps, providing coaching, connections, and capital to entrepreneurs in the nine-county San Francisco Bay Area. By deploying new convertible loans, working capital loans, and impact notes to small businesses, Icafund contributes significantly to fostering economic growth and opportunity in the Oakland, CA community. Through its work with low-income entrepreneurs, entrepreneurs of color, women entrepreneurs, and those who struggle to access traditional avenues of capital and business services, Icafund helps entrepreneurs grow their businesses, create employment opportunities, and build wealth for themselves and their employees. This impactful organization not only supports the growth of local businesses but also plays a key role in community improvement initiatives.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED INVEST
Revenue
$271,665
Organization Details
Founding Year
1996
Phone
(510) 271-0142
Principal Officer
Allison Kelly
Main Address
1714 FRANKLIN STREET 100-174, OAKLAND, CA, 94612
Website
www.ica.fund
NTEE Category
Code: S20 - Community improvement
If you are a representative of Icafund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.