EIN 47-0898054

Icafund

IRS 501(c) type
501(c)(3)
Num. employees
26
Year formed
1996
Most recent tax filings
2022-12-01
Description
Icafund accelerates great businesses through mentorship and investments to close the racial and gender wealth gaps. This corporation provides coaching, connections, and capital to entrepreneurs in the nine-county San Francisco Bay Area, supporting 10 portfolio companies with 9 seed equity investments and 3 new equity investments made. Additionally, Icafund has deployed 6 new rapid response liquidity fund emergency loans to small businesses. Their programs include providing 219.8 hours of advising hours to small businesses. They are located in Oakland, CA.
Also known as...
Inner City Advisors; Ica Fund Good Jobs
Total revenues
$6,663,281
2022
Total expenses
$4,401,992
2022
Total assets
$19,371,300
2022
Num. employees
26
2022

Program areas at Icafund

1 new convertible loan, 4 new working capital loan, 9 new impact notes deployed to small business.
193.3 hours of advising hours provided to small businesses.
75 entrepreneurs served through education offerings.

Who funds Icafund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Community Development$1,500,000
Crankstart FoundationGeneral Support$1,000,000
James Irvine FoundationFor General Operating Support$400,000
...and 13 more grants received

Personnel at Icafund

NameTitleCompensation
Allison KellyChief Executive Officer$268,853
John GoughChief Investment Officer$233,281
Dianna TremblayChief Program Officer$198,050
Daniel LeeVice President of Finance and Oper.$161,472
Dennise EstradaVice President of Finance and Administration$82,403
...and 12 more key personnel

Financials for Icafund

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,386,491
Program services$271,665
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,125
Total revenues$6,663,281

Form 990s for Icafund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-01990View PDF
2021-122022-11-07990View PDF
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122019-12-11990View PDF
...and 8 more Form 990s
Data update history
December 24, 2023
Received grants
Identified 7 new grant, including a grant for $1,500,000 from Silicon Valley Community Foundation (SVCF)
October 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 29, 2023
Updated personnel
Identified 5 new personnel
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCharities
Issues
Business and industry
Characteristics
Tax deductible donations
General information
Address
1714 Franklin St 100-174
Oakland, CA 94612
Metro area
San Francisco-Oakland-Berkeley, CA
Website URL
ica.fund/ 
Phone
(510) 271-0142
IRS details
EIN
47-0898054
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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