2024-11-13T13:38:38-06:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 470898054 ICAFUND ICAF 5102710142 1714 FRANKLIN STREET 100-174 OAKLAND CA 94612 DENNISE ESTRADA VP OF FINANCE AND ADMIN 5102710142 2024-11-01 1 0 JACOB YAU P01560332 4089988400 2023 2024-10-15 13:58:12Z ALLISON KELLY 1714 FRANKLIN STREET 100-174 OAKLAND CA 94612 5481934 0 X WWW.ICA.FUND X 1996 CA PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES. 14 14 26 23 0 0 6386491 5222984 271665 231794 0 316 5125 25760 6663281 5480854 0 0 0 0 2804097 3253655 0 0 734142 1597895 1740216 4401992 4993871 2261289 486983 19371300 22824034 6392811 9245209 12978489 13578825 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 2047378 0 0 5 NEW WORKING CAPITAL LOANS, 3 NEW EQUITY INVESTMENTS, 3 NEW SAFE NOTES, 25 NEW IMPACT NOTES DEPLOYED TO SMALL BUSINESSES. 1908978 0 0 69 ENTREPRENEURS SERVED THROUGH EDUCATION OFFERINGS. 0 0 257554 155 HOURS OF ADVISING HOURS PROVIDED TO SMALL BUSINESSES. 3956356 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 35 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 297486 0 36338 DIANNA TREMBLAY CHIEF PROGRAM & STR INIT OFFICER 40.00 X 218855 0 23901 JOHN GOUGH CHIEF INVESTMENT OFFICER 40.00 X 226845 0 37731 DENNISE ESTRADA VP OF FIN & ADMIN 40.00 X 216690 0 19909 YUI UENO SR. DIRECTOR OF INVESTMENT 40.00 X 156782 0 15412 ERICA DIXON DIR OF MARKETING & COMMUNICATIONS 40.00 X 121250 0 11618 CARON GUGSSA-HOWARD DIR OF PORTFOLIO MANAGEMENT 40.00 X 127199 0 22610 SHIBISHA JOHNSON STRATEGY & INNOVATION CONSULTANT 40.00 X 111622 0 0 VIOLA MAI DIRECTOR OF DEVELOPMENT 40.00 X 121350 0 10971 HECTOR RAMOS INVESTMENT AND PROGRAM MANAGER 40.00 X 104414 0 11216 1702493 0 189706 12 0 1 0 0 5222984 1035 5222984 PROGRAM RELATED INVEST 525990 231794 231794 231794 1396 1080 316 316 316 OTHER INCOME 541900 25760 25760 25760 5480854 257554 0 316 1249949 941048 67623 241278 1552892 1176918 89893 286081 117933 88290 6777 22866 233569 175803 17831 39935 99312 75477 7945 15890 52521 47269 5252 76292 7629 61034 7629 157781 142003 15778 164321 114640 769 48912 153618 146688 2896 4034 77707 58230 7218 12259 156283 118775 12503 25005 39669 27768 11901 27651 19356 8295 745996 745996 5514 5514 19695 14968 1576 3151 LOAN LOSS RESERVE 35694 35694 EVENT COSTS 17930 12551 5379 DUES AND SUBSCRIPTIONS 9544 7253 764 1527 4993871 3956356 303373 734142 3184070 3021593 5115683 6143911 710373 775533 58878 58878 0 0 1080 0 10197738 12608972 53835 110676 108521 163349 19371300 22824034 392811 379209 0 1066000 6000000 7800000 6392811 9245209 X 10349827 11066178 2628662 2512647 12978489 13578825 19371300 22824034 486983 -339030 452383 0 X 0 1 X 1 0 X 1723584 5611446 6327186 6386491 5222984 25271691 37599 128005 191596 276790 257554 891544 1761183 5739451 6518782 6663281 5480538 26163235 20000 29767 45940 37682 39095 172484 0 20000 29767 45940 37682 39095 172484 25990751 1761183 5739451 6518782 6663281 5480538 26163235 0.99340 0.99400 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17025 17025 0 41853 41853 0 0 INVESTMENTS IN QUALIFIED BUSINESSES 12608972 F 12608972 X 5220324 -339030 78500 -260530 5480854 0 5480854 5072371 78500 78500 4993871 0 4993871 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, 2023, THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY OR DISCLOSURE. X 0 0 0 0 0 0 0 0 0 ALLISON KELLY CHIEF EXECUTIVE OFFICER 247486 0 50000 0 0 0 7888 0 28450 0 333824 0 0 0 JOHN GOUGH CHIEF INVESTMENT OFFICER 193415 0 33430 0 0 0 6102 0 31629 0 264576 0 0 0 DIANNA TREMBLAY CHIEF PROGRAM & STR INIT OFFICER 187355 0 31500 0 0 0 6945 0 16956 0 242756 0 0 0 DENNISE ESTRADA VP OF FIN & ADMIN 196100 0 20590 0 0 0 6501 0 13408 0 236599 0 0 0 YUI UENO SR. DIRECTOR OF INVESTMENT 141767 0 15015 0 0 0 4740 0 10672 0 172194 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).