2023-09-01T15:51:17-05:00 2022-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-01-01 470898054 ICAFUND ICAF 5102710142 1714 FRANKLIN STREET 100-174 OAKLAND CA 94612 DENNISE ESTRADA VP OF FINANCE AND ADMIN 5102710142 2023-08-31 1 DENNISE ESTRADA 999009999 0 JACOB YAU P01560332 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ALLISON KELLY 1714 FRANKLIN STREET 100-174 OAKLAND CA 94612 6663281 0 X WWW.ICA.FUND X 1996 CA PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES. 14 14 26 36 0 0 6327186 6386491 188596 271665 0 0 3000 5125 6518782 6663281 0 0 0 0 1860711 2804097 0 0 628257 1174207 1597895 3034918 4401992 3483864 2261289 16139121 19371300 5506406 6392811 10632715 12978489 X ICA ACCELERATES GREAT BUSINESSES THROUGH MENTORSHIP AND INVESTMENTS TO CLOSE THE RACIAL AND GENDER WEALTH GAPS. THIS CORPORATION PROVIDES COACHING, CONNECTIONS, AND CAPITAL TO THE ENTREPRENEURS IN THE NINE-COUNTY SAN FRANCISCO BAY AREA. THIS CORPORATION WORKS WITH LOW-INCOME ENTREPRENEURS, ENTREPRENEURS OF COLOR, WOMEN ENTREPRENEURS, AND ENTREPRENEURS WHO HAVE BEEN UNABLE TO ACCESS CAPITAL AND BUSINESS SERVICES SO THAT THEY CAN GROW THEIR BUSINESSES, CREATE GOOD JOBS, AND BUILD WEALTH FOR THEMSELVES AND THEIR WORKERS. THIS CORPORATION WILL ALSO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH ITS PURPOSE AS ALLOWED BY LAW. 0 0 1787813 0 0 1 NEW CONVERTIBLE LOAN, 4 NEW WORKING CAPITAL LOAN, 9 NEW IMPACT NOTES DEPLOYED TO SMALL BUSINESS. 1724465 0 0 75 ENTREPRENEURS SERVED THROUGH EDUCATION OFFERINGS. 0 0 276790 193.3 HOURS OF ADVISING HOURS PROVIDED TO SMALL BUSINESSES. 3512278 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X DENNISE ESTRADA 5102710142 1714 FRANKLIN STREET 100-174 OAKLAND CA 94612 JACK RUSSI CO-CHAIR 2.00 X X 0 0 0 JIM HARRIS CO-CHAIR, INVESTMENT COMMITTEE CHAIR 2.00 X X 0 0 0 JIM KING DEVELOPMENT COMMITTEE CHAIR 2.00 X X 0 0 0 DENNIS GREEN AUDIT COMMITTEE CHAIR 2.00 X X 0 0 0 WILBUR HOBBS TREASURER, FINANCE COMMITTEE CHAIR 2.00 X X 0 0 0 JUSTINA LAI BOARD MEMBER 2.00 X 0 0 0 AL DE ALMEIDA BOARD MEMBER 2.00 X 0 0 0 SEAN DANIEL MURPHY BOARD MEMBER 2.00 X 0 0 0 DON REINKE BOARD MEMBER 2.00 X 0 0 0 MONA MASRI BOARD MEMBER 2.00 X 0 0 0 SAHRA HALPERN BOARD MEMBER 2.00 X 0 0 0 PENINA GOODMAN BOARD MEMBER 2.00 X 0 0 0 NICOLE AUYANG BOARD MEMBER 2.00 X 0 0 0 CONCHITA TUCKER BOARD MEMBER 2.00 X 0 0 0 ALLISON KELLY CHIEF EXECUTIVE OFFICER 40.00 X 268853 0 6453 JOHN GOUGH CHIEF INVESTMENT OFFICER 40.00 X 233281 0 28766 DIANNA TREMBLAY CHIEF PROGRAM OFFICER 40.00 X 198050 0 17969 DENNISE ESTRADA VP OF FIN & ADMIN (STARTING 8/1/22) 40.00 X 82403 0 8446 DANIEL LEE VP OF FIN. AND OPER. (THRU 9/3/22) 40.00 X 161472 0 24295 YUI UENO SENIOR DIRECTOR OF INVESTMENT 40.00 X 141388 0 16400 CARON GUGSSA-HOWARD DIR OF INVESTMENT & PORTFOLIO MGMT 40.00 X 103792 0 19305 ERICA DIXON MARKETING MANAGER 40.00 X 107544 0 11964 LOVELY ABORDO FINANCIAL ANALYST 40.00 X 100027 0 11265 1396810 0 144863 8 0 1 0 GWYNETH GALBRAITH 535 ARLINGTON AVE BERKELEY CA 94707 DEVELOPMENT CONSULTING 149007 1 6386491 1104 6386491 PROGRAM RELATED INVEST 525990 271665 271665 271665 OTHER INCOME 541900 5125 5125 5125 6663281 276790 0 0 844222 633783 44060 166379 1456428 1092321 72821 291286 115939 88114 9275 18550 235900 179284 18872 37744 151608 115222 12129 24257 24313 21882 2431 76435 7643 61148 7644 182043 163479 18564 40484 28248 181 12055 238869 221169 8291 9409 29957 21933 3407 4617 82621 62792 6610 13219 32141 22499 9642 31073 21751 9322 758120 758120 16494 12535 1320 2639 EVENT COSTS 55991 39194 16797 DUES AND SUBSCRIPTIONS 29354 22309 2348 4697 4401992 3512278 261457 628257 187802 3184070 7417033 5115683 136166 710373 10098 0 58878 58878 0 0 0 1080 8273064 10197738 0 53835 114958 108521 16139121 19371300 206406 392811 5300000 6000000 5506406 6392811 X 8757715 10349827 1875000 2628662 10632715 12978489 16139121 19371300 X 2261289 42091 42394 X 0 1 X 1 0 X 2871155 1723584 5611446 6327186 6386491 22919862 59818 37599 128005 191596 276790 693808 2930973 1761183 5739451 6518782 6663281 23613670 8500 20000 29767 45940 37682 141889 0 8500 20000 29767 45940 37682 141889 23471781 2930973 1761183 5739451 6518782 6663281 23613670 0.99400 0.99430 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17025 17025 0 41853 41853 0 0 INVESTMENTS IN QUALIFIED BUSINESSES 10197738 F 10197738 X 6802022 42091 96650 138741 6663281 0 6663281 4456248 96650 -42394 54256 4401992 0 4401992 PART X, LINE 2: ICA.FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. ADDITIONALLY, ICA.FUND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES ALL SIGNIFICANT TAX POSITIONS. AS OF DECEMBER 31, 2022, THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY OR DISCLOSURE. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS RESERVE -42,394. X 0 0 0 0 0 0 0 0 0 ALLISON KELLY CHIEF EXECUTIVE OFFICER 228853 0 40000 0 0 0 6125 0 328 0 275306 0 0 0 JOHN GOUGH CHIEF INVESTMENT OFFICER 200241 0 33040 0 0 0 7007 0 21759 0 262047 0 0 0 DIANNA TREMBLAY CHIEF PROGRAM OFFICER 170000 0 28050 0 0 0 2200 0 15769 0 216019 0 0 0 DANIEL LEE VP OF FIN. AND OPER. (THRU 9/3/22) 146472 0 15000 0 0 0 7296 0 16999 0 185767 0 0 0 YUI UENO SENIOR DIRECTOR OF INVESTMENT 127522 0 13866 0 0 0 5742 0 10658 0 157788 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE TEAM & INVESTMENT MANAGER REVIEWED THE RETURNS AND THEN FORWARDED TO THE BOARD. THE FULL BOARD RECEIVED A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE COVERED UNDER THE POLICY. AN INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE, UPON WHICH THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING BOARD OR EXECUTIVE COMMITTEE MEMBERS. IF THE BOARD OR EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE (EC) OF THE BOARD ANNUALLY REVIEWS THE SALARIES OF THE CEO AND BENCHMARKS AGAINST LIKE POSITIONS. THE EC DOCUMENTS THIS REVIEW THROUGH A MEMO PROVIDED TO MANAGEMENT INDICATING THE CEO'S NEW SALARY. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ICA.FUND WEBSITE, ALONG WITH ANNUAL FORM 990. ADDITIONALLY, ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART XI, LINE 9: LOAN LOSS RESERVE 42,394.