2023-11-15T17:40:00-06:00 2022-12-31 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2022-01-01 474318779 GRID110 INC GRID 4242570289 360 E 2ND STREET 800 LOS ANGELES CA 90012 SHRINA KURANI EXECUTIVE DIRECTOR 4242570289 2023-11-15 1 SHRINA KURANI 999009999 1 LIZBETH G NEVAREZ P01399868 3108731600 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHRINA KURANI 360 E 2ND STREET 800 LOS ANGELES CA 90012 626792 0 X WWW.GRID110.ORG X 2015 CA CREATING CLEARER PATHWAYS TO SUCCESS FOR EARLY STAGE ENTREPRENEURS IN LOS ANGELES. 6 6 6 50 0 0 639161 626792 0 0 0 0 0 0 639161 626792 0 0 0 0 454308 527493 0 0 17017 197785 175716 652093 703209 -12932 -76417 199287 155027 131904 129164 67383 25863 X GRID110 IS AN ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION THAT CONNECTS EARLY-STAGE ENTREPRENEURS TO MENTORING AND CRITICAL RESOURCES THROUGH FREE PROGRAMS. THE FOCUS IS TO ACTIVATE COMMUNITY AND HELP ENTREPRENEURS REALIZE SUSTAINABLE GROWTH PATHS THAT ALLOW THEM TO SCALE THEIR BUSINESSES (AND TEAMS) RIGHT HERE IN LOS ANGELES. OUR MISSION IS TO FOSTER THE MOST THRIVING, INVITING & INCLUSIVE COMMUNITY FOR ENTREPRENEURS IN LOS ANGELES. WE BELIEVE THAT ANYONE WITH THE GOAL OF BECOMING AN ENTREPRENEUR SHOULD HAVE THE CHANCE TO PURSUE IT AND RECEIVE SUPPORT ALONG THE WAY. OUR WORK IMPACTS INDIVIDUALS WHO ARE OFTEN OVERLOOKED BY TRADITIONAL ENTREPRENEURIAL ECOSYSTEMS. THAT'S WHAT DRIVES US TO MAKE THE ENTREPRENEURIAL PATH MORE EQUITABLE, INCLUSIVE AND ACCESSIBLE. 0 0 246873 RESIDENCY PROGRAM: FACILITATED 1 BUSINESS ACCELERATOR COHORT (15 TOTAL COMPANIES), PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL BUSINESS RESOURCES FOR 3 MONTHS. THIS PROGRAM FOCUSED ON HISTORICALLY UNDERREPRESENTED ENTREPRENEURS (BLACK, LATINX, AAPI, WOMEN) ACROSS LOS ANGELES AND INCREASING THEIR BUSINESS ACCUMEN AND ACCESS TO CAPITAL. 164582 PLEDGELA FUND FOR SOUTH LA FOUNDERS PROGRAM: FACILITATED 1 BUSINESS ACCELERATOR COHORT (20 TOTAL COMPANIES), PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL BUSINESS RESOURCES FOR 3 MONTHS. THIS PROGRAM SPECIFICALLY FOCUSED ON SUPPORTING BLACK AND LATINX ENTREPRENEURS IN SOUTH/SOUTH CENTRAL LOS ANGELES AND INCREASING THEIR ACCESS TO CAPITAL. 137152 COMMUNITY PROGRAMS: SUPPORTED OVER 100 PREVIOUS PROGRAM PARTICIPANTS (ALUMNI) THROUGH OFFICE HOURS, EVENTS, WORKSHOPS. ALSO SUPPORTED OVER 1500 ENTREPRENEURS THROUGH EXTERNAL COMMUNITY EVENTS THAT WERE OPEN TO THE PUBLIC. 548607 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 CA X SHRINA KURANI 3109227368 360 E 2ND STREET SUITE 800 LOS ANGELES CA 90012 MEGAN SETTE SECRETARY 3.00 X X 0 0 0 ASHUMI SHIPPEE CFO 1.00 X X 0 0 0 STEPHEN KANE DIRECTOR 1.00 X 0 0 0 JARED GOODNER DIRECTOR 1.00 X 0 0 0 PRASHANT SAMANT DIRECTOR 1.00 X 0 0 0 JADE TURNER-BOND DIRECTOR 1.00 X 0 0 0 MIKI REYNOLDS CEO 40.00 X 114361 0 6478 114361 0 6478 1 0 0 0 0 327993 298799 626792 626792 0 0 0 111870 67122 33561 11187 350512 350512 29617 14636 14981 35494 32174 2490 830 1950 780 1170 10851 8020 2831 26267 16251 10016 40000 40000 238 238 3282 3282 2371 496 1875 2934 2934 1205 1205 PROGRAM ACTIVITIES 48977 48977 MISCELLANEOUS EXPENSES 24986 6357 18629 DUES AND SUBSCRIPTIONS 7655 7655 FUNDRAISING EXPENSE 5000 5000 703209 548607 137585 17017 171678 151622 27609 0 3405 199287 155027 6082 3700 125000 125000 822 464 131904 129164 X 0 0 0 0 67383 25863 67383 25863 199287 155027 -76417 34897 0 X 0 0 0 X 289478 374881 567693 639161 626792 2498005 289478 374881 567693 639161 626792 2498005 272625 2225380 753 753 2498758 0.89060 0.90980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FLEXIBLE SPENDING ACCOUNT 210 403B LIABILITY 254 464 FORM 990, PART VI, SECTION A, LINE 2 JARED GOODNER AND PRASHANT SAMANT (BOTH BOARD DIRECTORS) ARE BUSINESS PARTNERS IN A SEPARATE COMPANY TOGETHER. THIS PRECEEDES THEIR AFFILIATION WITH THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ONCE COMPLETE, A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD FOR REVIEW BY THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE ORGANIZATION THROUGH AN ANNUAL DISCLOSURE FORM THAT IS COMPLETED AND SIGNED BY EACH DIRECTOR. ANY CONFLICTS THAT SHOULD ARISE ARE REVIEWED BY THE REMAINING BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE COMPENSATION OF THE EXECUTIVE DIRECTOR INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. COMPARABLE INFORMATION WAS USED IN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE COMPENSATION WAS ALSO APPROVED BY THE CITY OF LOS ANGELES THORUGH THE GRANT BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, FINANCIAL STATEMENTS AND THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.