2024-03-18T12:13:51-05:00 2023-06-30 943108253 NOVOGRADAC & COMPANY LLP 2033 N MAIN STREET SUITE 400 WALNUT CREEK CA 94596 990 2022-07-01 542103707 OAKLAND PROMISE OAKL 5108586054 484 9TH STREET OAKLAND CA 94607 SANDRA ERNST CHIEF EXECUTIVE OFFICER 5109039862 2024-03-18 1 SANDRA ERNST 999009999 1 X KEVIN T WILSON P01313212 9259494300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SANDRA ERNST 484 9TH STREET OAKLAND CA 94607 13606910 0 X WWW.OAKLANDPROMISE.ORG X 2002 CA EDUCATIONAL FINANCIAL ASSISTANCE 15 15 47 10 0 0 16917757 13455185 0 0 351064 13916 -184608 0 17084213 13469101 2038713 2137383 0 0 4717886 4890353 0 0 158235 3262443 9347012 10019042 16374748 7065171 -2905647 69217814 74037520 1805550 6568901 67412264 67468619 X OUR VISION: A THRIVING OAKLAND COMMUNITY WITHOUT BARRIERS TO EDUCATIONAL OPPORTUNITY.OUR MISSION: ENGAGING THE OAKLAND COMMUNITY TO ADVANCE EQUITY AND ECONOMIC MOBILITY THROUGH CRADLE TO COLLEGE AND CAREER ACHIEVEMENT. 0 0 13860984 2137383 OAKLAND PROMISE ("OP") IS AVAILABLE TO YOUNG LEARNERS (FROM NEWBORNS TO COLLEGE STUDENTS) AND THEIR FAMILIES WHO RESIDE IN OAKLAND. OP OFFERS EVERY CHILD THE FINANCIAL RESOURCES, SUPPORT, MENTORSHIP AND INCENTIVES THEY NEED FROM BIRTH AND THROUGHOUT THEIR SCHOOL YEARS TO EMPOWER THEM TO SEEK OUT AND THRIVE IN THE HIGHER EDUCATION AND CAREER OF THEIR CHOOSING. OP PROVIDES SERVICES THROUGH FOUR CORE CRADLE-TO-COLLEGE AND CAREER PROGRAMS AT EACH STAGE OF A YOUNG PERSON'S DEVELOPMENT FROM AGES 0 TO 25: BRILLIANT BABY, KINDERGARTEN TO COLLEGE, COLLEGE ACCESS AND COLLEGE COMPLETION. THROUGH THESE PROGRAMS, OP OFFERS COLLEGE SAVINGS ACCOUNTS (529S), COLLEGE SCHOLARSHIP FUNDING IN ELEMENTARY SCHOOL YEARS, 2-4 YEAR COLLEGE/CTE SCHOLARSHIPS, FINANCIAL GUIDANCE FOR PARENTS AND STUDENTS, COLLEGE BUILDING CULTURE PROGRAMS AND CRITICAL RESOURCES TO EMPOWER STUDENTS TO DEVELOP THEIR COLLEGE AND VOCATIONAL BOUND IDENTITY AND PERSISTENCE. 13860984 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 65 0 47 0 0 0 0 0 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 0 0 CA X X THE ORGANIZATION 5108586054 484 9TH STREET OAKLAND CA 94607 MICHAEL MCAFEE BOARD PRESIDENT 5.00 X X 0 0 0 SUSAN STUTZMAN BOARD VICE PRESIDENT 5.00 X X 0 0 0 JAMES HARRISON SECRETARY 5.00 X X 0 0 0 SETH HAMALIAN TREASURER 5.00 X X 0 0 0 ROBERT STARK DIRECTOR 5.00 X X 0 0 0 KIM THOMPSON DIRECTOR 1.00 X 0 0 0 ROSAURA M ALTAMIRANO DIRECTOR 1.00 X 0 0 0 BARBARA FREMDER DIRECTOR 1.00 X 0 0 0 COLIN LACON DIRECTOR 1.00 X 0 0 0 TOMIQUIA MOSS DIRECTOR 1.00 X 0 0 0 MARIA PIRNER DIRECTOR 1.00 X 0 0 0 SUSIE PONCELET DIRECTOR 1.00 X 0 0 0 RIAZ TAPLIN DIRECTOR 1.00 X 0 0 0 JOEL MACKEY DIRECTOR 1.00 X 0 0 0 KYLA JOHNSON-TRAMMELL DIRECTOR 1.00 X 0 0 0 SANDRA ERNST CEO 40.00 X 233744 0 0 VEENA PATHIPARAMPIL PAWLOSKI CHIEF PROGRAM OFFICER 40.00 X 121082 0 0 MARCELO DURAN DIRECTOR, COLLEGE COMPLETION 40.00 X 113237 0 0 WALLACE LOUIE FORMER DIRECTOR OF COMMUNICATIONS 40.00 X 133259 0 0 CHRISTINE HWANG FORMER DATA PROGRAM LEAD 40.00 X 131800 0 0 733122 0 0 5 1 1 0 R WEST CAPITAL LLC 207 LYNDHURST PLACE SAN RAMON CA 94583 CONSULTING 100475 1 7695164 5760021 5000 13455185 151725 151725 137809 -137809 -137809 -137809 13469101 0 0 13916 2137383 2137383 733122 670377 62745 3174075 2902419 271656 602272 556417 45855 380884 351885 28999 164517 116128 48389 241124 192899 48225 325653 231214 94439 37061 29648 7413 LIFE SKILL TRAINING AND 4543542 4390307 153235 OTHER PERSONNEL EXPENSE 2917031 2059058 857973 BAD DEBT EXPENSE 822500 822500 OTHER 290584 223249 67335 5000 5000 16374748 13860984 2355529 158235 15342707 12316286 532862 538642 3267287 9545485 94382 139259 59062 37858 27552 21204 49707238 51476644 245786 0 69217814 74037520 516158 2156444 1289392 4412457 1805550 6568901 X 50805984 50843536 16606280 16625083 67412264 67468619 69217814 74037520 -2905647 3303863 -341861 0 X X 0 1 X 1 0 X 3630625 7091976 4250086 7654117 6501593 29128397 3630625 7091976 4250086 7654117 6501593 29128397 4805654 24322743 122784 351630 92748 98376 151725 817263 29945660 0.81220 0.76990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59062 37858 21204 21204 529 INVESTMENTS 4201171 F INTEREST IN NET ASSETS OF SAN FRANCISCO FOUNDATION 43619726 F INTEREST IN NET ASSETS OF EAST BAY COMMUNITY FOUNDATION 3655747 F 51476644 FUNDS HELD IN TRUST - 529 ACCOUNTS 4201171 ACCRUED VACATION LIABILITY 211286 4412457 X 16431103 3303863 3303863 13127240 341861 341861 13469101 16374748 0 16374748 0 16374748 PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 SCHOLARSHIPS FOR STUDENTS 2853 2137383 CASH 0 0 0 0 0 0 0 0 0 SANDRA ERNST CEO 233744 0 0 0 0 0 0 0 0 0 233744 0 0 0 WALLACE LOUIE FORMER DIRECTOR OF COMMUNICATIONS 133259 0 0 0 0 0 0 0 0 0 133259 0 0 0 CHRISTINE HWANG FORMER DATA PROGRAM LEAD 131800 0 0 0 0 0 0 0 0 0 131800 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTOR'S ACTIVITIES ARE REVIEWED ON AN ANNUAL BASIS AS TO THEIR ADHERENCE TO THE CORPORATE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW AND APPROVE EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C PROCESS IS UNCHANGED FROM PRIOR YEAR.