2024-11-15T12:41:55-06:00 2023-12-31 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2023-01-01 474318779 GRID110 INC GRID 4242570289 360 E 2ND STREET 800 LOS ANGELES CA 90012 SHRINA KURANI EXECUTIVE DIRECTOR 4242570289 2024-11-14 1 1 LIZBETH G NEVAREZ P01399868 3108731600 2024-11-01 2023 2024-10-15 13:58:12Z SHRINA KURANI 360 E 2ND STREET 800 LOS ANGELES CA 90012 736849 0 X WWW.GRID110.ORG X 2015 CA CREATING CLEARER PATHWAYS TO SUCCESS FOR EARLY STAGE ENTREPRENEURS IN LOS ANGELES. 7 7 9 50 0 0 626792 736849 0 0 0 0 0 0 626792 736849 0 0 0 0 527493 399113 0 0 39911 175716 170985 703209 570098 -76417 166751 155027 195647 129164 3033 25863 192614 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 169400 0 0 RESIDENCY PROGRAM: FACILITATED 2 COHORTS OF EARLY STAGE ENTREPRENEURS PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL RESOURCES. 112934 0 0 IDEA TO LAUNCH: FACILIATED 1 COHORT OF BEGINNING STAGE ENTREPRENEURS, PROVIDING THEM WITH ACCESS TO FREE MENTORING AND CRITICAL RESOURCES. 94111 0 0 COMMUNITY PROGRAMS: SUPPORTED PREVIOUS PROGRAM PARTICIPANTS (ALUMNI) THROUGH OFFICE HOURS, EVENTS, WORKSHOPS. ALSO SUPPORTED EXTERNAL COMMUNITY THROUGH EVENTS. 376445 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 8 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 MIKI REYNOLDS CEO/SEC TO 6/1/23, DIR. FROM 10/1/23 20.00 X X 50938 0 2668 MEGAN SETTE SECRETARY/CEO 3.00 X X 0 0 0 EMMA MAYERSON DIRECTOR/CFO FROM 6/1/23 3.00 X 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 ROHIT GUPTA DIRECTOR FROM 6/1/23 1.00 X 0 0 0 ASHUMI SHIPPEE DIRECTOR UNTIL 4/18/23 1.00 X 0 0 0 STEPHEN KANE DIRECTOR UNTIL 10/31/23 1.00 X 0 0 0 SHRINA KURANI EXECUTIVE DIRECTOR 20.00 X 63043 0 0 113981 0 2668 0 0 0 0 0 394936 341913 736849 736849 0 0 0 X 116649 69989 34995 11665 231139 138683 69342 23114 23674 14205 7102 2367 27651 16591 8295 2765 8493 2015 6478 6018 6018 72938 69147 3791 675 675 2497 2497 5580 5580 3525 120 3405 2647 1205 1442 PROGRAM ACTIVITIES 45756 45756 0 0 MEALS AND ENTERTAINMENT 11290 11290 0 DUES AND SUBSCRIPTIONS 8943 8393 550 0 PROFESSIONAL DEVELOPMEN 1062 1062 0 0 1561 1202 359 570098 376445 153742 39911 151622 195647 3405 155027 195647 3700 2057 125000 0 464 976 129164 3033 X 0 0 0 0 25863 192614 25863 192614 155027 195647 166751 0 X 0 0 0 X 374881 567693 639161 626792 736849 2945376 374881 567693 639161 626792 736849 2945376 421808 2523568 753 753 2946129 0.85660 0.89060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FLEXIBLE SPENDING ACCOUNT 976 976 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. FORM 990, PART IX, LINE 11G CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 69,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,147. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,791. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,791.