2023-11-09T13:18:47-06:00 2022-12-31 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2022-01-01 942793122 Renaissance Entrepreneurship Center RENA 4155418580 275 5th Street 2nd Floor San Francisco CA 94103 Sharon Miller CEO 4155418580 2023-11-09 1 Sharon Miller 999009999 0 Carlos A Davis CPA P02037008 6264036801 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Sharon Miller 275 5th Street 2nd Floor San Francisco CA 94103 5685751 0 X www.rencenter.org X 1985 CA Renaissance Entrepreneurship Center ("Renaissance") means business. (Cont' Schedule O) 15 15 45 100 0 0 6767151 5219290 355906 349938 190 0 418 1432 7123665 5570660 6500 8000 0 0 2606739 3327292 0 0 239239 2850417 3019550 5463656 6354842 1660009 -784182 5879123 5425839 2808761 3005159 3070362 2420680 X Renaissance's mission is to transform lives and communities through entrepreneurship. 0 0 2304094 36655 Renaissance Peninsula: In 2022, Renaissance Peninsula served 513 individuals, 94% of whom were lower-income, 99% were people of color and 90% women. The majority of our services continued to be delivered virtually. We found that online training has been highly effective for clients who are skilled in using technology and have appropriate access to technology. We trained in technology basics (how to use zoom, email, google classroom), and provided Chromebooks to individuals who rely solely on their phones for internet access. We also conducted multiple marketplaces and outdoor selling opportunities for our clients and introduced a hybrid model of in-person and online classes. We continued to expand our services: we launched a new center in South San Francisco serving North San Mateo County; we became the host of the U.S. Small Business Administration Small Business Development Center (SBDC) in San Mateo County; and we opened a satellite office in San Jose, Santa Clara County. 1154848 272502 Renaissance SoMa - South of Market, San Francisco: Home to Renaissance's Women's Business Center, a partnership with the U.S. Small Business Administration, and our largest entrepreneurial community - 25 small businesses and community-serving organizations. In 2022, Renaissance SoMa continued to expand our resources and outreach to support local entrepreneurs and small businesses. We hosted numerous online classes, workshops, and events focused on various aspects of business development. Our offerings included sessions on marketing strategies, financial management, bookkeeping best practices, accessing capital, leveraging e-commerce and digital tools, navigating legal considerations for small businesses, as well as many networking opportunities. 799432 8000 40781 Renaissance Bayview: In 2022, Renaissance continued to provide virtual and in-person business support services to aspiring and emerging entrepreneurs in Bayview Hunters Point, one of the most marginalized and under-resourced communities in the San Francisco Bay Area that was significantly impacted by the pandemic. Through our Contractors Initiative, Renaissance Bayview worked intensively with minority and women-owned small construction businesses, delivering training and mentoring support, while helping small business owners secure contracts that created quality jobs for residents in the community. We also expanded our work to provide services to brick-and-mortar retail businesses throughout the city and to women residents living in public housing, including Potrero Hill. 590494 Renaissance East Bay provided small business training, one-on-one consulting, and access to capital, networks and other resources in English and Spanish to traditionally underserved individuals in Alameda and Contra Costa counties with an emphasis on the cities of Antioch, Oakland, Richmond, San Pablo and Pittsburg. We engaged motivated entrepreneurs from communities that lack small business investment, educational resources, and entrepreneurial histories, and face discrimination by race, gender, sexual orientation, economic class, or past incarceration. Our clients are 93% very-low-to-moderate income, 84% people of color, 77% women and 45% immigrants. 590494 4848868 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 88 0 1 45 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X Sharon Miller 4155418580 275 5th Street 2nd Floor San Francisco CA 94103 Craig Jacoby Board Chair 1.00 X X 0 0 0 Yasmin Eichmann Datta Vice Chair 1.00 X X 0 0 0 Sandor Straus Treasurer 1.00 X X 0 0 0 Karly Wang Secretary 1.00 X X 0 0 0 Meghan Butler Board Member 1.00 X 0 0 0 Alison Davis Board Member 1.00 X 0 0 0 Emily Rose Frederiksen Board Member 1.00 X 0 0 0 Munish Ghandi Board Member 1.00 X 0 0 0 Heidi Gibson Board Member 1.00 X 0 0 0 Neal Gottlieb Board Member 1.00 X 0 0 0 Vishal Karir Board Member 1.00 X 0 0 0 Philip Koblis Board Member 1.00 X 0 0 0 Richard McCline Board Member 1.00 X 0 0 0 Goro Mitchell Board Member (Start 02/22) 1.00 X 0 0 0 Duncan Logan Board Member 1.00 X 0 0 0 Sharon Miller CEO 35.00 X 186127 0 13333 Lisa Kirvin Managing Director 35.00 X 136663 0 15216 Douglas House Finance Director 35.00 X 108932 0 12707 Marcus Tartt Center Director 35.00 X 107289 0 2452 Suzanne Alberga Development Director 35.00 X 102782 0 2261 Tim Russell Program Director 35.00 X 101744 0 29190 743537 0 75159 7 0 1 0 FiS - Fountaine Information Systems 155 Blossom Hill Road San Jose CA 95123 Provide technology & telephony services 117130 1 262993 3600759 1355538 656 5219290 Incubator Rent & Fees 531120 341519 341519 Tuition/Program fees 611600 8419 8419 349938 115091 262993 115091 0 Other income 900099 1432 1432 1432 5570660 349938 0 1432 X 8000 8000 199460 163557 11968 23935 2602306 1973766 480290 148250 42464 27073 13275 2116 263416 168458 81642 13316 219646 167142 39138 13366 97621 97621 1054791 980546 53883 20362 14202 9313 4889 16592 13527 2869 196 81298 15615 57708 7975 484276 308330 175501 445 24515 20114 4122 279 75929 30032 45897 124487 98454 22748 3285 35448 9567 25881 Assistance expense 697089 697089 Equipment maintenance 238942 101566 136876 500 Miscellaneous 42894 25253 12427 5214 Events 31466 31466 6354842 4848868 1266735 239239 1899800 1797400 64674 78859 2122627 1652091 2239 15275 26030 11739 3776642 2167616 1733513 1609026 30240 261449 5879123 5425839 502350 581032 564584 584830 1712109 1637589 29718 201708 2808761 3005159 X 2266062 847242 804300 1573438 3070362 2420680 5879123 5425839 -784182 -774 21000 114274 0 X 0 1 X 1 1 1 X 3068585 3787827 7415678 6767151 5219290 26258531 587063 577993 480673 355906 349938 2351573 3655648 4365820 7896351 7123057 5569228 28610104 0 0 0 28610104 34 65 121 190 410 34 65 121 190 410 11350 3223 469 418 1432 16892 3667032 4369108 7896941 7123665 5570660 28627406 0.99940 0.99900 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 340000 340000 2856928 1616803 1240125 120398 120398 0 459316 430415 28901 1609026 Tenant security deposits 34009 Operating lease liability 167699 201708 X 5770349 -774 200463 199689 5570660 0 5570660 6534305 179463 179463 6354842 0 6354842 Part X, Line 2: Renaissance is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by Renaissance in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Renaissance's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Gala 378084 262993 115091 115091 378084 262993 115091 115091 115091 0 1 RenTank Awards 10 8000 Part I, Line 2: Grants and assistance distribution is based on course completion when applicable. There is also a review and selection process for those awards recipients eligible, based on business growth potential and visibility in the community. X X X X 0 0 0 0 0 0 0 0 0 Sharon Miller CEO 186127 0 0 0 0 0 2260 0 11073 0 199460 0 0 0 Lisa Kirvin Managing Director 136663 0 0 0 0 0 2260 0 12956 0 151879 0 0 0 Form 990, Part I, Line 1, Description of Organization Mission: For more than 35 years, Renaissance has used the power of entrepreneurship to help people facing systemic barriers to economic mobility achieve financial self-sufficiency through entrepreneurship. Renaissance engages motivated entrepreneurs wherever their skills and aspirations meet. Many come from communities that lack small business investment, educational resources, and entrepreneurial histories, and face discrimination by race, gender, sexual orientation, economic class, or past incarceration. Renaissance provides the experienced counsel of small business professionals, with comprehensive services from inception to planning, access to capital and resources, and the ongoing assistance required to start and grow a business. Renaissance is a network that never stops supporting the aspirations of its clients. Locally focused, community-driven, and highly personalized, Renaissance has a long working history in each distinct community it serves, and a compassionate understanding of the needs, skills, challenges, and dreams each individual brings to the table. Renaissance's work changes lives by helping people take ownership of their futures. Renaissance measures success by the hundreds of thriving small businesses throughout the San Francisco Bay Area, empowering a diverse generation of independent entrepreneurs while fueling the economic health of the greater community we share. Programs & Services - Offered in English and Spanish Small Business Intensive Training Classes - practical and applicable introductory and small business planning skills in training classes of 4 - 20 sessions (12 - 50 hours). Customized One-On-One Consulting - customized and individualized support and guidance. Access to Capital - help for entrepreneurs to become better financial managers of their businesses and assistance to secure capital for business launch, sustainability, and growth. Access to Markets - in-person and online marketplaces provide clients with opportunities to practice their pitches, test their product or service/market fit, sell their products or services, and gain invaluable business exposure. Skill Building - specialized workshops let entrepreneurs dive deeper into core subjects including marketing, management, finance, taxes, goal setting, and more. Industry-Specific Workshops - customized support through training, consulting, and mentorship for entrepreneurs in the fashion, construction, childcare, and food sectors. Computer and Digital Marketing Training - teaching clients to enhance online visibility, identify new customers, establish a social media presence, create online storefronts and utilize technology tools and products to optimize business efficiencies. Legal Assistance - legal workshops that address small business topics including contract negotiations, intellectual property, and leasing. Networking - events for entrepreneurs to meet, share experiences, and build support networks. Business Incubation (SOMA, Bayview, East Palo Alto) - a supportive onsite entrepreneurial community for emerging businesses to launch and grow - affordable professional office space, shared conference and meeting rooms, reception and janitorial services, and office equipment. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Finance Director, Managing Director, CEO and Board Treasurer upon completion. It is then presented to the Board of Directors prior to submission. Form 990, Part VI, Section B, line 12c Renaissance's Conflict of Interest policy is provided to the Board of Directors and executive staff on an annual basis. The policy is also included in the employee manual and discussed with staff. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board of Directors reviews the CEO's compensation annually and adjusts for the following fiscal year based on various factors: performance; comparability data for similarly-structured and sized nonprofit organizations and other factors which result from the CEO's organizational leadership and stewardship. Any changes in compensation are approved in advance of implementation by the Executive Committee, a committee composed of individuals who have no conflict of interest with respect to Renaissance or the CEO. Renaissance has developed a salary range schedule to ensure that all staff are paid within appropriate ranges for their skills, expertise and the responsibilities of their position. Renaissance reviews this salary schedule as well as the CEO's compensation against numerous resources including the Fair Pay for Northern California Nonprofit Survey, Glassdoor and Salary.com. Form 990, Part VI, Section C, line 19 The CEO maintains a file which includes all of these documents and policies, which are available upon request. In addition, the annual financial audit and IRS Form 990 are attached to Renaissance's website. Form 990, Part IX, line 11g Professional fees: Program service expenses 39,715. Management and general expenses 49,156. Fundraising expenses 20,287. Total expenses 109,158. Consultants & instructors: Program service expenses 940,831. Management and general expenses 4,727. Fundraising expenses 75. Total expenses 945,633.