2025-01-16T16:58:23-06:00 2024-06-30 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90806 990 2023-07-01 953182187 PACIFIC COAST REGIONAL SMALL BUSINESS DEVELOPMENT CORPORATION PACI 2137392999 3255 WILSHIRE BOULEVARD 1501 LOS ANGELES CA 90010 MARK ROBERTSON SR CEO 2137392999 2025-01-16 1 0 WILLIAM LETSINGER P00478303 5624329482 2023 2024-10-15 13:58:12Z MARK ROBERTSON SR 3255 WILSHIRE BOULEVARD 1501 LOS ANGELES CA 90010 5226434 0 X WWW.PCRCORP.ORG X 1977 CA SEE SCHEDULE O 7 6 46 31 0 0 3448776 2538902 3158586 2620307 7191 67225 0 0 6614553 5226434 0 0 0 0 3495845 3566643 0 0 0 1147940 1552570 4643785 5119213 1970768 107221 23719949 28682622 5604961 10460413 18114988 18222209 X SEE SCHEDULE O 0 0 591947 575698 GO-BIZ TECHNICAL ASSISTANCE EXPANSION PROGRAMTHE ORGANIZATION'S STATUS AS AN SMALL BUSINESS DEVELOPMENT CENTER ENABLED IT TO RECEIVE STATE FUNDING UNDER THE PROGRAM THROUGH GRANT AGREEMENTS FOR REIMBURSEMENT OF CERTAIN COSTS OF PROVIDING SMALL BUSINESS OWNERS WITH DIRECT TECHNICAL ASSISTANCE AND DIRECT TECHNICAL TRAINING THROUGH WORKSHOPS AND CLASSES 1231255 953874 METRO BIFTHE ORGANIZATION IS CONTRACTED TO PROVIDE ADMINISTRATIVE SERVICES ON BEHALF OF THE LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY ("METRO") BUSINESS INTERRUPTION FUND ("BIF"). THE METRO BIF PROGRAM PROVIDES GRANT FUNDS TO OWNERS OF SMALL BUSINESSES THAT ARE DIRECTLY IMPACTED BY METRO CONSTRUCTION ACTIVITIES. AS OF JUNE 30, 2020, THE ORGANIZATION HAD ADMINISTERED THE DISBURSEMENT OF $28,372,051 OF METRO BIF GRANT FUNDS TO QUALIFYING GRANTEES. 945034 381173 SMALL BUSINESS DEVELOPMENT CENTER (SBDC)THE ORGANIZATION HOSTS A SERVICE CENTER WITHIN THE US SMALL BUSINESS ADMINISTRATION'S SMALL BUSINESS DEVELOPMENT CENTER (SBDC) NETWORK. THROUGH THIS PROGRAM, THE ORGANIZATION PROVIDES COUNSELING AND TRAINING SERVICES TO SMALL BUSINESS OWNERS. 1011751 3315689 OTHER PROGRAM SERVICES PRIMARILY CONSIST OF OTHER FINANCIAL (I.E. DIRECT LENDING, LOAN UNDERWRITING, LOAN SERVICING) AND EDUCATIONAL SERVICES TO UNDERSERVED SMALL BUSINESS PERSONS AND COMMUNITIES. 1011751 3315689 3779987 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 83 0 46 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 CA X KENNETH SMITH 2137392999 3255 WILSHIRE BOULEVARD SUITE 1501 LOS ANGELES CA 90010 TENZER CUNNINGHAM BOARD MEMBER 2.00 X 0 0 0 DAVID ROSS CHAIRMAN 2.00 X X 0 0 0 DRUCILLA GARCIA-RICHARDSON VICE CHAIR 2.00 X X 0 0 0 HAROLD HART-NIBBRIG SECRETARY 18.00 X X 70233 0 0 JAMES D HICKEN BOARD MEMBER 2.00 X 0 0 0 KAREN A CLARK TREASURER 2.00 X 0 0 0 MARK ROBERTSON SR PRESIDENT, CEO 40.00 X X 235177 0 0 SERGIO SEPULVEDA BOARD MEMBER 2.00 X 0 0 0 305410 0 0 1 0 1 0 0 1202871 1336031 2538902 DIRECT LENDING 522299 1146577 1146577 METRO BIF ADMIN SERVICES 561000 953874 953874 LOAN ADMIN SERVICES 519856 519856 2620307 67225 67225 5226434 2687532 0 0 374730 271647 103083 2761748 2269345 492403 39812 32714 7098 183481 150768 32713 206872 169988 36884 50750 3500 47250 197555 162332 35223 174296 93295 81001 749 749 83605 74010 9595 23566 11484 12082 172155 143292 28863 52730 43432 9298 PROVISION FOR LOAN LOSS 444616 315333 129283 INTEREST EXPENSE 177937 0 177937 GENERAL & ADMIN 159431 26212 133219 EQUIPMENT LEASE 15180 12635 2545 5119213 3779987 1339226 0 2975929 6972503 3711057 1602418 14628510 17746933 105626 100421 3010206 784237 2234067 2225969 64760 34378 23719949 28682622 371289 306945 5145249 9756540 88423 396928 5604961 10460413 X 11271861 11921734 6843127 6300475 18114988 18222209 23719949 28682622 107221 0 X 0 1 X 1 1 1 X 2053295 4358266 1936118 4470362 2538690 15356731 2053295 4358266 1936118 4470362 2538690 15356731 9002860 6353871 1214 540 631 7191 67225 76801 15433532 17914242 0.41170 0.44200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2236847 130477 2106370 33935 33935 0 739424 619825 119599 2225969 DUE TO LOAN PARTICIPANTS 308890 DEFERRED INCOME 88038 396928 X 5226434 0 5226434 0 5226434 0 0 0 0 0 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM CALIFORNIA INCOME AND FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701(D). 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 HAS 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. X X X X 0 0 0 0 0 0 0 0 0 MARK ROBERTSON SR PRESIDENT, CEO 235177 0 0 0 0 0 0 0 0 0 235177 0 0 0 FORM 990, PART I, LINE 1 THE ORGANIZATION'S PRIMARY MISSION IS THE PROMOTION OF COMMUNITY ECONOMIC DEVELOPMENT, THROUGH THE DELIVERY OF FINANCIAL AND EDUCATIONAL SERVICES TO UNDERSERVED SMALL BUSINESS PERSONS AND COMMUNITIES. FURTHER IT IS THE PURPOSE OF THE ORGANIZATION TO ELIMINATE UNEMPLOYMENT OF THE COMMUNITY DISADVANTAGED AND STIMULATE ECONOMIC GROWTH AMONG MINORITY GROUPS AND DISABLED PERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER AND CEO. THE CEO WILL SIGN THE RETURN ONCE HE IS COMPLETE WITH HIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUIRED TO COMPLETE FORM 700 (STATEMENT OF ECONOMIC INTEREST) ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THESE DOCUMENTS ARE MAINTAINED IN THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST.