2024-11-07T14:16:26-08:00 2023-12-31 952076568 Leaf & Cole LLP 2810 Camino Del Rio South Suite 200 San Diego CA 92108 990 2023-09-01 743166719 FOUNDERS FIRST COMMUNITY DEVELOPMENT CORPORATION INC FOUN 6198695815 10755 SCRIPPS POWAY PKWY 202 SAN DIEGO CA 92131 SHAYLON SCOTT Executive Dir. 2024-11-07 true true JENNY KIKUNO P01347644 6192947200 2023 2024-10-15 13:58:12Z SHAYLON SCOTT 10755 SCRIPPS POWAY PKWY 202 SAN DIEGO CA 92131 1361350 false X foundersfirstcdc.org X 2005 CA HELP UNDERSERVED, UNDER-REPRESENTED SMALL BUSINESS OWNERS OVERCOME CHALLENGES THEY FACE DUE TO LACK OF ACCESS TO CAPITAL AND TO ASSIST THEM IN INCREASING BUSINESS CAPACITY RESULTING IN HIGHER REVENUE GROWTH AND PROVIDING MORE JOBS. 11 11 4 11 0 4450297 1353008 12881 8336 6 0 4463178 1361350 579252 132301 0 238283 113504 0 5297 4814200 1720491 5631735 1966296 -1168557 -604946 2694259 2510413 3180724 3601824 -486465 -1091411 X HELP UNDERSERVED, UNDER-REPRESENTED SMALL BUSINESS OWNERS OVERCOME CHALLENGES THEY FACE DUE TO LACK OF ACCESS TO CAPITAL AND TO ASSIST THEM IN INCREASING BUSINESS CAPACITY RESULTING IN HIGHER REVENUE GROWTH AND PROVIDING MORE JOBS. false false 745213 600 8186 FastPath:FastPath is designed for companies generating $1 million to $5 million in annual revenues. The program is best suited for successful Founder/CEOs, needing up to $1 million in growth capital as well as professional development, including leadership skills, confidence, and vision to overcome challenges and realize opportunities in accelerating revenue growth. 653529 3700 Challenge:Challenge is for entrepreneurs with established businesses, earning between $50,000 and $250,000 in annual revenue, who want to achieve growth. 60-day Mini-Accelerator Program consists of four (4) workshops where you will learn how to work ON your business, not just IN your business! Program completes with Pitch and Graduation Event, with opportunity to compete for up to $5,000 cash and service prizes. Includes 18 months of post-program support coaching and support. 486500 Passport to Funding A five hour, online, interactive, self-paced certification program designed to educate and guide small business owners through the major hurdles stopping them from obtaining the growth funding they need to fund and grow their business. This program is intended for small and medium businesses generating $50,000 to $10,000,000 in annual revenues. 9277 6251 1894519 true true false false false false false false false false false false false false false true true 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 true false false false true 127 0 false 4 true false false false false false false false 0 false false false false false false false X 11 11 true false false false false false false true false false false true true true true true true true false false CA X KIM FOLSOM 6198695815 10755 SCRIPPS POWAY PKWY STE 202 SAN DIEGO CA 92131 SHAYLON SCOTT Executive Dir. 40.00 0.00 X 106573 0 7218 KIM FOLSOM Chairman 15.00 40.00 X X 0 0 0 SULAIMAN RAHMAN Trustee 1.00 0.00 X 0 0 0 BEVERLY COLE Treasurer 1.00 0.00 X X 0 0 0 ALICIA QUINN Secretary 1.00 0.00 X X 0 0 0 SHARON PAYNE Trustee 1.00 0.00 X 0 0 0 YADIRA ESQUEDA Trustee 1.00 0.00 X 0 0 0 MAURICE WILSON Trustee 1.00 0.00 X 0 0 0 ROHAN KALE Director 1.00 0.00 X 0 0 0 ILA GOMEZ Trustee 1.00 0.00 X 0 0 0 KURTIS TREVAN Trustee 1.00 0.00 X 0 0 0 TONY BIALORUCK Trustee 1.00 0.00 X 0 0 0 106573 7218 1 false false false 0 1353008 1353008 OTHER REVENUE 900099 150 150 PROGRAM PARTICIPANT FEES 611430 8186 8186 8336 6 6 0 0 0 0 0 0 0 0 1361350 8336 6 0 132301 132301 0 0 38527 23116 15411 0 59414 55237 4177 0 8128 5852 2146 130 7435 5948 1487 0 30015 9004 18009 3002 0 0 0 0 0 323 97 194 32 416 125 249 42 0 0 979 294 588 97 9168 9168 0 0 11861 11861 0 0 806 242 484 80 PROGRAM DELIVERY FEES 1647607 1647607 RECRUITING 13500 4050 8100 1350 SOFTWARE EXPENSES 4414 748 3109 557 MEALS 780 156 624 622 574 41 7 1966296 1894519 66480 5297 98151 73076 3268 3274 2429115 2270338 0 0 0 0 0 0 0 163725 163725 0 0 0 0 2694259 2510413 2680724 3101824 500000 500000 3180724 3601824 X -2937985 -3139324 2451520 2047913 -486465 -1091411 2694259 2510413 -604946 X false true X false false X 285750 2167250 3050509 4450297 1353008 11306814 0 0 285750 2167250 3050509 4450297 1353008 11306814 2395535 8911279 5 6 11 0 150 150 11306975 141078 0.78810 0.70510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1361350 1361350 1361350 1966296 1966296 1966296 Part X : FIN48 Footnote The Organization is a public charity, and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it has appropriate support for any tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements. The Organization is not a private foundation.The Organizations Return of Organization Exempt from Income Tax for the years ended December 31, 2023, August 31, 2023, 2022, 2021, and 2020 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three-to-four years after the returns were filed. false 0 0 PITCH DAY AWARDS 12 10551 NATIONAL GRANT PROGRAMS 24 25000 JOB CREATOR GRANT AWARDS 53 96750 FNDRS FIRST CAP PTNRS INC BOD PART OWNER 1203900 PROGRAM DELIVERY FEES false Schedule L, Part V Supplemental Information KIM FOLSOM (BOARD CHAIR) SERVES AS AN OFFICERS OF THE RELATED TAXABLE PARTNERSHIP, FOUNDERS FIRST CAPITAL PARTNERS LLC. A MEMORANDUM OF UNDERSTANDING (MOU) FOR THE TRANSACTIONS BETWEEN THESE ENTITIES WAS EXECUTED IN 2024. THE "INTERESTED" BOARD MEMBERS ABSTAINED FROM CONSIDERATION AND APPROVAL OF THE MOU AND ALL SUBSEQUENT TRANSACTIONS. PER THE MOU, THE TWO ENTITIES COLLABORATE IN THE MARKETING AND OFFERING OF TWO ACCELERATOR PROGRAMS DESIGNED TO PROVIDE BUSINESS OWNERS WITH THE SKILLS, TOOLS AND PERSPECTIVES NEEDED TO ACHIEVE LARGE-SCALE GROWTH IN THEIR BUSINESS. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Clydesdale:Two-month program for 5th grade elementary school students and their families. Students complete language enrichment programs to expose them to concepts/vocabulary about local small business impact in their community, using music. The program is free to participants. Students will participate as youth judges in the regional challenge pitch competition. OTHER PROGRAM SERVICES 5: Passport to Funding A five hour, online, interactive, self-paced certification program designed to educate and guide small business owners through the major hurdles stopping them from obtaining the growth funding they need to fund and grow their business. This program is intended for small and medium businesses generating $50,000 to $10,000,000 in annual revenues. Form 990, Part VI, Section A, Line 2 KIM FOLSOM IS A MEMBER OF THE CORPORATION, FOUNDERS FIRST CAPITAL PARTNERS FUND I INC. Form 990, Part VI, Section B, Line 11b BOARD MEMBERS REVIEW, DISCUSS, AND APPROVE ALL AREAS OF FORM 990 PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT EACH YEAR. Form 990, Part VI, Section B, Line 15a THE BOARD SETS A PERFORMANCE PLAN EACH YEAR FOR THE EXECUTIVE DIRECTOR. IT IS REVIEWED ANNUALLY. THE EXECUTIVE COMMITTEE DETERMINES COMPENSATION AND THEN MAKES A RECOMMENDATION THAT MUST BE APPROVED BY THE FULL BOARD. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FOUNDERS FIRST CAP PTNRS INC 10755 SCRIPPS POWAY PKWY 202 SAN DIEGO CA 92131 810789174 SMALL BUSINESS TRAINING CA N/A C CORP false false false false false false false false false false false false false true false false false false false false FOUNDERS FIRST CAP PTNRS INC m 1203900 COST