Overview
What is Pacific Community Ventures Inc?
Pacific Community Ventures Inc, a 501C3 nonprofit based in Oakland, California, is dedicated to supporting small business owners and their communities in their pursuit of economic, racial, and gender justice. Through a unique integrated model, they combine impact-first restorative capital and pro bono business advising with their Good Jobs Innovation Lab. This lab employs behavioral economics, applied research, and data analytics to promote evidence-based interventions, ultimately leading to a more inclusive economy. By fostering good jobs with dignity, Pacific Community Ventures strives to propel thriving communities and empower small businesses, acting as a 501C3 nonprofit impact investor and Community Development Financial Institution (CDFI).
Official website here: www.pacificcommunityventures.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: 90% (Four-Star out of Four Star Rating)**
Pacific Community Ventures Inc has earned a strong Four-Star rating on Charity Navigator, reflecting its robust accountability and financial practices. The organization excels particularly in financial management, with a program expense ratio of 85.36% and an impressive score of 100% for constituent feedback practices. Such ratings indicate that the organization efficiently utilizes funds raised to support its mission, showcasing responsible stewardship of resources.
The nonprofit demonstrates a committed approach to governance, with a fully independent board and comprehensive policies in place regarding conflict of interest and whistleblowing. Despite the overall strong performance, the organization faces challenges in collecting feedback from constituents, which may limit its ability to gather diverse perspectives effectively. However, its high scores in accountability and community engagement are major strengths that validate its impact.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Pacific Community Ventures Inc legitimate?
Pacific Community Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Community Ventures Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $665,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,968,122
For more financial information, click here
Official website here: www.pacificcommunityventures.org
What is the mission statement of Pacific Community Ventures Inc?
Pacific Community Ventures Inc's mission is centered around supporting small business owners and their communities in their pursuit of economic, racial, and gender justice. The organization operates as a 501C3 nonprofit impact investor and CDFI, providing restorative capital and pro bono business advising to growing small business leaders and solopreneurs. Additionally, their Good Jobs Innovation Lab works towards fostering thriving communities with equitable job opportunities. The aim is to empower these businesses and communities, promoting a more just and inclusive economic landscape.
Official website here: www.pacificcommunityventures.org
Who is the CEO of Pacific Community Ventures Inc?
Bulbul Gupta is the CEO of Pacific Community Ventures Inc The CEO's salary of Pacific Community Ventures Inc is $275,986 and their total compensation is $302,241.
Official website here: www.pacificcommunityventures.org
What is the revenue of Pacific Community Ventures Inc?
Pacific Community Ventures Inc's revenue in 2023 was $7,734,075.
Official website here: www.pacificcommunityventures.org
Who are the executives of Pacific Community Ventures Inc and what are their salaries?
The average compensation at Pacific Community Ventures Inc during 2023 was $94,059. There are 28 employees at Pacific Community Ventures Inc.
Here are 18 key members and their salaries (Pacific Community Ventures Inc's CEO's salary is $275,986 and their total compensation is $302,241):
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- Compensation: $275,986
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- Other: $26,255
- Compensation: $165,550
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- Other: $14,680
- Compensation: $223,983
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- Other: $30,849
- Compensation: $205,262
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- Other: $25,329
- Compensation: $155,720
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- Other: $25,035
- Compensation: $127,412
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- Other: $17,134
- Compensation: $165,019
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- Other: $20,383
- Compensation: $105,669
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- Other: $10,438
Official website here: www.pacificcommunityventures.org
Where can I find the form 990 for Pacific Community Ventures Inc?
Pacific Community Ventures Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pacificcommunityventures.org
Learn more at the official website: www.pacificcommunityventures.org
Mission Statement of Pacific Community Ventures Inc
Pacific Community Ventures Inc is dedicated to supporting small business owners and their communities in their pursuit of economic, racial, and gender justice. This nonprofit organization operates as an impact investor and a Community Development Financial Institution (CDFI), working closely with emerging business leaders and solopreneurs. Pacific Community Ventures employs a comprehensive approach, combining restorative impact-first capital with pro bono business advisory services. Their Good Jobs Innovation Lab further propels thriving communities by fostering the creation of equitable job opportunities. By collaborating with these small business leaders, Pacific Community Ventures aims to drive positive change and foster more just and inclusive communities.
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Impact
July, 2024
Pacific Community Ventures Inc's impact is centered around supporting small business owners and their communities in the fight for economic, racial, and gender justice. Through their innovation lab, they design products, services, and communications to help small business clients maximize their local economic impact by providing good jobs with dignity. Using behavioral economics, applied research, and data analytics, Pacific Community Ventures promotes evidence-based, high-impact interventions that contribute to a more inclusive economy. Located in Oakland, CA, their mission is to work alongside growing small business leaders and solopreneurs through an integrated model that combines impact-first restorative capital and pro bono business advising with the Good Jobs Innovation Lab. As an impact investor and community development financial institution (CDFI), Pacific Community Ventures is dedicated to propelling thriving communities with equitable jobs, ultimately contributing to community improvement.
This information is meant to be a general summary of Pacific Community Ventures Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $250,256
- Program Service Revenue: $1,346,048
- Gross Receipts: $12,143,666
Assets and Liabilities:
- Total Assets: $27,379,971
- Total Liabilities: $15,939,379
- Net Assets: $11,440,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING
Revenue
$1,211,048
BUSINESS ADVISING
Revenue
$135,000
Organization Details
Founding Year
1998
Principal Officer
Bulbul Gupta
NTEE Category
Code: S43 - Community improvement
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