2023-05-15T16:15:44-04:00 2022-12-31 541896113 ROBINSON FARMER COX ASSOCIATES 530 WESTFIELD RD CHARLOTTESVILLE VA 229011726 990 2022-01-01 454105820 COMMUNITY INVESTMENT COLLABORATIVE COMM PO BOX 2976 CHARLOTTESVILLE VA 22902 STEPHEN DAVIS PRESIDENT 4342183481 2023-05-15 true STEPHEN DAVIS XXX-XX-XXXX false JOSHUA A ROLLER P01464398 4349738314 2023-05-15 2022 2023-04-26 12:10:37Z STEPHEN DAVIS 3958 DEEPWOODS ROAD EARLYSVILLE VA 22936 2244096 false X WWW.CICVILLE.ORG X 2012 VA COMMUNITY INVESTMENT COLLABORATIVE'S MISSION IS TO STRENGTHEN OUR COMMUNITY AND CONTRIBUTE TO ECONOMIC DEVELOPMENT BY FUELING THE SUCCESS OF UNDER- RESOURCED ENTREPRENEURS THROUGH EDUCATION, MENTORING, MICRO-LENDING AND NETWORKING. 13 13 14 100 0 2734358 1987242 103900 254535 653 2319 0 2838911 2244096 1218024 680796 0 700597 930630 0 97716 467763 423653 2386384 2035079 452527 209017 2335372 2566394 326506 348511 2008866 2217883 X SEE SCHEDULE O false false 623202 CIC PROVIDES BUSINESS EDUCATION, MENTORING AND NETWORKING OPPORTUNITIES TO UNDER-RESOURCED ENTREPRENEURS. THE SIGNATURE EDUCATION PROGRAM IS A 16 WEE ENTREPRENEUR WORKSHOP THAT COMBINES CASE STUDIES, DISCUSSION AND APPLIED LEARNING. A FINANCIAL MANAGEMENT PROGRAM HELPS ENTREPRENEURS DEVELOP THE BOOKKEEPING, RECORD KEEPING, AND FINANCIAL ANALYSIS SKILLS AND HABITS TO BETTER MANAGE THEIR BUSINESS. ADDITIONAL PROGRAMS INCLUDE MENTORING, BUSINESS OFFICE HOURS, SMALL BUSINESS CIRCLES AND OUR COLLABORATIVE CO-WORKING SPACE. IN 2022, 209 CLIENTS PARTICIPATED IN CIC PROGRAMS. TO DATE: THERE ARE 514 GRADUATES OF OUR 16 WEEK WORKSHOP, 127 MENTOR MATCHES, AND 51 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. TO DATE: THOSE CLIENTS HAVE STARTED 153 NEW BUSINESSES, SUSTAINED 252 EXISTING BUSINESSES AND CREATED 317.5 NEW FULL TIME EQUIVALENT JOBS. 598318 576796 CIC HAS TWO CORE FINANCING PROGRAMS INCLUDING A MICROLOAN PROGRAM THAT PROVIDES LOANS UP TO 50,000, A MICRO GRANTS PROGRAM THAT HELPS UNDER- RESOURCED ENTREPRENEURS TEST THEIR PRODUCT OR SERVICES. IN 2022, 36 BUSINESSES RECEIVED 471,380 IN LOANS AND 21,938 IN MICROGRANTS. CIC'S LIFETIME TOTAL LENDING TO DATE INCLUDES 2,503,492 IN LOANS. ADDITIONALLY, CIC PARTNERS WITH LOCAL GOVERNMENTS AND OTHER ENTITIES TO MANAGE GRANT PROGRAMS THAT PROVIDE ACCESS TO CAPITAL TO BUSINESSES IN THE REGION. IN 2022, WE PARTNERED WITH 2 LOCAL GOVERNMENTS TO PROVIDE CAPITAL FOR BUSINESSES IMPACTED BY THE COVID-19 PANDEMIC. 101 BUSINESSES RECEIVED 450,362 IN GRANTS THROUGH THESE PARTNERSHIPS. CIC ALSO PILOTED A NEW PROGRAM TO PROVIDE LOAN SERVICING TO ANOTHER MISSION DRIVEN LENDER, BRIDGING VIRGINIA BASED OUT OF RICHMOND, VA. CIC LEVERAGES ITS CAPACITY AS LENDER TO SUPPORT BRIDGING VIRGINIA BY MANAGING ITS LOAN PAYMENTS, HELPING BRIDGING VIRGINIA MANAGE ITS FIRST 178,500 IN DIRECT LENDING TO UNDER-RESOURCED ENTREPRENEURS IN THE RICHMOND AREA. 613695 104000 THE CVSBDC IS HOUSED AT CIC WITH SUPPORT FROM THE SMALL BUSINESS ADMINISTRATION, STATE AND LOCAL GOVERNMENTS ALONG WITH PRIVATE SUPPORT. IT PROVIDES FREE ONE ON ONE BUSINESS ADVISING AND TRAINING WORKSHOPS. IN 2022, CVSBDC PROVIDED 571 CLIENTS WITH 5190 HOURS OF BUSINESS ADVISING. ADDITIONALLY, 1036 INDIVIDUALS PARTICIPATED IN 75 TRAINING EVENTS. CVSBDC CLIENTS CREATED 24 NEW BUSINESSES, ACCESSING 17.3 MILLION IN NEW CAPITAL FORMATION AND CREATED 207 NEW JOBS. NETWORKING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, ILAB AT DARDEN, CENTRAL VIRGINIA SMALL BUSINESS DEVELOPMENT CENTER. MENTORING AND COACHING: MENTORS DRAWN FROM LOCAL BUSINESS AND BUSINESS COUNSELING COMMUNITIES MEET REGULARLY WITH CIC ENTREPRENEURS TO PROVIDE ONGOING GUIDANCE AND ADVISORY SUPPORT. THE FINANCIAL MANAGEMENT PROGRAM PROVIDES FINANCIAL COACHING IN BUSINESS BOOKKEEPING AND RECORD KEEPING. TO DATE: 121 MENTOR MATCHES; 30 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. COVID-19 BUSINESS GRANTS: CIC PARTNERED WITH 11 MUNICIPALITIES TO PROVIDE ACCESS TO CAPITAL IN THE FORM OF BUSINESS GRANTS FUNDED BY THE FEDERAL CARES ACT. AS A RESULT, 599 BUSINESSES AND ADDITIONAL 106 NONPROFIT ENTITIES RECEIVED 11,192,341 IN GRANTS TO SUPPORT THEIR OPERATIONS IN A 6 MONTH PERIOD. 1835215 true true false false false false false false false false true false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 124 0 14 true false false false false false false false false X 13 13 false false false false false false false true true false false true true true true false false true true false X STEPHEN DAVIS 4342183481 PO BOX 2976 CHARLOTTESVILLE VA 22903 SARA CLAYBORNE CHAIR 2.00 0.00 X X 0 0 0 ALEX URPI VICE CHAIR 2.00 0.00 X X 0 0 0 DANIELLE HOPKINS DIRECTOR 2.00 0.00 X 0 0 0 LEE ELBERSON DIRECTOR 2.00 0.00 X 0 0 0 NATASHA GRAY DIRECTOR 2.00 0.00 X 0 0 0 SHEA GRAHAM DIRECTOR 2.00 0.00 X 0 0 0 DELORES ROBERTS DIRECTOR 2.00 0.00 X 0 0 0 JUANDIEGO WADE DIRECTOR 2.00 0.00 X 0 0 0 S LISA HERNDON DIRECTOR 2.00 0.00 X 0 0 0 KEVIN SCHUYLER DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH WILLINGHAM DIRECTOR 2.00 0.00 X 0 0 0 JASON BECTON DIRECTOR 2.00 0.00 X 0 0 0 STEPHEN DAVIS PRESIDENT 40.00 0.00 X 125000 0 0 125000 1 false false false 1042364 944878 1987242 LOAN INTEREST AND FEES 227617 227617 TUITION REVENUE 16078 16078 ENTREPRENEUR 10840 10840 254535 2319 2319 2244096 254535 2319 680796 680796 125000 114175 3034 7791 657794 600827 15966 41001 87480 83092 4388 60356 54558 1893 3905 2950 2950 45051 7714 37337 45934 32934 13000 15157 11095 300 3762 42564 30085 9477 3002 35060 32521 2339 200 107420 101246 303 5871 11213 11213 12179 12179 5145 5145 CATERING EVENTS 38598 20280 18318 REPAIRS AND MAINTENANCE 18897 15344 3553 PROFESSIONAL DEVELOPMENT 12574 12366 123 85 SMALL EQUIPMENT 11263 11263 19648 12756 6111 781 2035079 1835215 102148 97716 700437 796139 415613 490529 239906 244822 20520 10260 138078 39312 98995 98766 859901 925878 2335372 2566394 23806 48511 300000 300000 2700 326506 348511 X 772066 871330 1236800 1346553 2008866 2217883 2335372 2566394 209017 X false true X true true true X 691987 644362 13456329 2734358 1987242 19514278 691987 644362 13456329 2734358 1987242 19514278 1649771 17864507 2302 5045 1105 653 2319 11424 19525702 486895 0.91490 0.93120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138078 39312 98766 98766 LOANS OUTSTANDING 923820 SECURITY DEPOSIT 2058 925878 true SEE ATTACHED 576796 SEE ATTACHED 104000 SCHEDULE I, PAGE 1, PART I, LINE 2 CIC PARTNERED WITH 11 MUNICIPALITIES TO PROVIDE ACCESS TO CAPITAL IN THE FORM OF BUSINESS GRANTS FUNDED BY THE FEDERAL CARES ACT AND THE COMMUNITY DEVELOPMENT BLOCK GRANT. AS A RESULT, BUSINESSES AND NONPROFIT ENTITIES RECEIVED 680,796 IN GRANTS TO SUPPORT THEIR OPERATIONS IN A 12 MONTH PERIOD. FORM 990, PAGE 2, PART III, LINE 4A CIC PROVIDES BUSINESS EDUCATION, MENTORING AND NETWORKING OPPORTUNITIES TO UNDER-RESOURCED ENTREPRENEURS. THE SIGNATURE EDUCATION PROGRAM IS A 16 WEE ENTREPRENEUR WORKSHOP THAT COMBINES CASE STUDIES, DISCUSSION AND APPLIED LEARNING. A FINANCIAL MANAGEMENT PROGRAM HELPS ENTREPRENEURS DEVELOP THE BOOKKEEPING, RECORD KEEPING, AND FINANCIAL ANALYSIS SKILLS AND HABITS TO BETTER MANAGE THEIR BUSINESS. ADDITIONAL PROGRAMS INCLUDE MENTORING, BUSINESS OFFICE HOURS, SMALL BUSINESS CIRCLES AND OUR COLLABORATIVE CO-WORKING SPACE. IN 2022, 209 CLIENTS PARTICIPATED IN CIC PROGRAMS. TO DATE: THERE ARE 514 GRADUATES OF OUR 16 WEEK WORKSHOP, 127 MENTOR MATCHES, AND 51 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. TO DATE: THOSE CLIENTS HAVE STARTED 153 NEW BUSINESSES, SUSTAINED 252 EXISTING BUSINESSES AND CREATED 317.5 NEW FULL TIME EQUIVALENT JOBS. FORM 990, PAGE 2, PART III, LINE 4B CIC HAS TWO CORE FINANCING PROGRAMS INCLUDING A MICROLOAN PROGRAM THAT PROVIDES LOANS UP TO 50,000, A MICRO GRANTS PROGRAM THAT HELPS UNDER- RESOURCED ENTREPRENEURS TEST THEIR PRODUCT OR SERVICES. IN 2022, 36 BUSINESSES RECEIVED 471,380 IN LOANS AND 21,938 IN MICROGRANTS. CIC'S LIFETIME TOTAL LENDING TO DATE INCLUDES 2,503,492 IN LOANS. ADDITIONALLY, CIC PARTNERS WITH LOCAL GOVERNMENTS AND OTHER ENTITIES TO MANAGE GRANT PROGRAMS THAT PROVIDE ACCESS TO CAPITAL TO BUSINESSES IN THE REGION. IN 2022, WE PARTNERED WITH 2 LOCAL GOVERNMENTS TO PROVIDE CAPITAL FOR BUSINESSES IMPACTED BY THE COVID-19 PANDEMIC. 101 BUSINESSES RECEIVED 450,362 IN GRANTS THROUGH THESE PARTNERSHIPS. CIC ALSO PILOTED A NEW PROGRAM TO PROVIDE LOAN SERVICING TO ANOTHER MISSION DRIVEN LENDER, BRIDGING VIRGINIA BASED OUT OF RICHMOND, VA. CIC LEVERAGES ITS CAPACITY AS LENDER TO SUPPORT BRIDGING VIRGINIA BY MANAGING ITS LOAN PAYMENTS, HELPING BRIDGING VIRGINIA MANAGE ITS FIRST 178,500 IN DIRECT LENDING TO UNDER-RESOURCED ENTREPRENEURS IN THE RICHMOND AREA. FORM 990, PAGE 2, PART III, LINE 4D NETWORKING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, ILAB AT DARDEN, CENTRAL VIRGINIA SMALL BUSINESS DEVELOPMENT CENTER. MENTORING AND COACHING: MENTORS DRAWN FROM LOCAL BUSINESS AND BUSINESS COUNSELING COMMUNITIES MEET REGULARLY WITH CIC ENTREPRENEURS TO PROVIDE ONGOING GUIDANCE AND ADVISORY SUPPORT. THE FINANCIAL MANAGEMENT PROGRAM PROVIDES FINANCIAL COACHING IN BUSINESS BOOKKEEPING AND RECORD KEEPING. TO DATE: 121 MENTOR MATCHES; 30 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. COVID-19 BUSINESS GRANTS: CIC PARTNERED WITH 11 MUNICIPALITIES TO PROVIDE ACCESS TO CAPITAL IN THE FORM OF BUSINESS GRANTS FUNDED BY THE FEDERAL CARES ACT. AS A RESULT, 599 BUSINESSES AND ADDITIONAL 106 NONPROFIT ENTITIES RECEIVED 11,192,341 IN GRANTS TO SUPPORT THEIR OPERATIONS IN A 6 MONTH PERIOD. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD FINANCE COMMITTEE MEETS TO REVIEW AND APPROVE THE RETURN BEFORE IT IS SUBMITTED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REMINDED ANNUALLY ABOUT THE CONFLICT OF INTEREST POLICY. THE POLICY IS DISCLOSED TO ALL NEW BOARD MEMBERS DURING THEIR ORIENTATION PERIOD. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS AUTHORIZES EXECUTIVE'S PAY AND THE OVERALL WAGES FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS AUTHORIZES EXECUTIVE'S PAY AND THE OVERALL WAGES FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 CIC MAINTAINS A COMPREHENSIVE WEBSITE THAT DESCRIBES THE ORGANIZATION'S MISSION, GOVERNING BODY, STAFF, TEAM SPONSORS, RESOURCES, PROGRAMS, NEWS, CALENDAR OF EVENTS, AND CONTACT INFORMATION. ADDITIONAL INFORMATION IS RELEASED UPON REQUEST.