2025-06-16T12:54:28-04:00 2024-12-31 541896113 ROBINSON FARMER COX ASSOCIATES 530 WESTFIELD RD CHARLOTTESVILLE VA 229011726 990 2024-01-01 454105820 COMMUNITY INVESTMENT COLLABORATIVE COMM PO BOX 2976 CHARLOTTESVILLE VA 22902 STEPHEN DAVIS PRESIDENT 4342183481 2025-05-30 true true JOSHUA A ROLLER P01464398 4349738314 2025-06-16 2024 2025-03-06 01:10:19Z STEPHEN DAVIS 3958 DEEPWOODS ROAD EARLYSVILLE VA 22936 2414442 false X WWW.CICVILLE.ORG X 2012 VA COMMUNITY INVESTMENT COLLABORATIVE'S MISSION IS TO STRENGTHEN OUR COMMUNITY AND CONTRIBUTE TO ECONOMIC DEVELOPMENT BY FUELING THE SUCCESS OF UNDER- RESOURCED ENTREPRENEURS THROUGH EDUCATION, MENTORING, MICRO-LENDING AND NETWORKING. 10 10 30 75 0 1705589 1850342 324713 543854 24889 20246 0 2055191 2414442 170000 230774 0 1119439 1424810 0 92065 707845 784172 1997284 2439756 57907 -25314 2802558 2805894 526768 555424 2275790 2250470 X SEE SCHEDULE O false false 1307045 76170 CIC PROVIDES BUSINESS EDUCATION, MENTORING AND NETWORKING OPPORTUNITIES TO UNDER-RESOURCED ENTREPRENEURS. THE SIGNATURE EDUCATION PROGRAM IS A 16 WEE ENTREPRENEUR WORKSHOP THAT COMBINES CASE STUDIES, DISCUSSION AND APPLIED LEARNING. A FINANCIAL MANAGEMENT PROGRAM HELPS ENTREPRENEURS DEVELOP THE BOOKKEEPING, RECORD KEEPING, AND FINANCIAL ANALYSIS SKILLS AND HABITS TO BETTER MANAGE THEIR BUSINESS. ADDITIONAL PROGRAMS INCLUDE MENTORING, BUSINESS OFFICE HOURS, SMALL BUSINESS CIRCLES AND OUR COLLABORATIVE CO-WORKING SPACE. IN 2024, 241 CLIENTS PARTICIPATED IN CIC PROGRAMS. TO DATE: THERE ARE 631 GRADUATES OF OUR 16 WEEK WORKSHOP, 156 MENTOR MATCHES, AND 103 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. TO DATE: THOSE CLIENTS HAVE STARTED 185 NEW BUSINESSES, SUSTAINED 315 EXISTING BUSINESSES AND CREATED 416 NEW FULL TIME EQUIVALENT JOBS. 375706 141004 CIC HAS TWO CORE FINANCING PROGRAMS INCLUDING A MICROLOAN PROGRAM THAT PROVIDES LOANS UP TO 50,000, A MICRO GRANTS PROGRAM THAT HELPS UNDER- RESOURCED ENTREPRENEURS TEST THEIR PRODUCT OR SERVICES. IN 2024, 29 BUSINESSES RECEIVED 1,050,855 IN LOANS AND 26 BUSINESSES RECEIVED 35,996 IN MICROGRANTS. CIC'S LIFETIME TOTAL LENDING TO DATE INCLUDES 5.075 MILLION IN LOANS. ADDITIONALLY, CIC PARTNERS WITH LOCAL GOVERNMENTS AND OTHER ENTITIES TO MANAGE GRANT PROGRAMS THAT PROVIDE ACCESS TO CAPITAL TO BUSINESSES IN THE REGION. IN 2024, WE PARTNERED WITH ENTITIES TO PROVIDE CAPITAL TO BUSINESSES THROUGH GRANTS INCLUDING 12 BUSINESSES RECEIVED 179,248 IN GRANTS THROUGH THESE PARTNERSHIPS. CIC PROVIDES LOAN SERVICING TO LOANS NOT ON OUR BALANCE SHEET. AT THE END OF 2024, CIC MANAGED 48 LOANS TOTALLING 1,4052,526 FOR OTHER ORGANIZATIONS. THIS INCLUDES 568,704 IN LOANS FOR PARTNERS WHO PARTICIPATED ON CIC CLIENT LOANS. CIC ALSO PROVIDES LOAN SERVICING TO ANOTHER MISSION DRIVEN LENDER, BRIDGING VIRGINIA BASED OUT OF RICHMOND, VA. CIC LEVERAGES ITS CAPACITY AS LENDER TO SUPPORT BRIDGING VIRGINIA BY MANAGING ITS LOAN PAYMENTS, HELPING BRIDGING VIRGINIA MANAGE 286,413 IN NEW LOANS IN 2024 AND SUPPORTS 483,795 IN OUTSTANDING BALANCES TO TO UNDER-RESOURCED ENTREPRENEURS IN THE RICHMOND AREA. 513180 13600 THE CVSBDC IS HOUSED AT CIC WITH SUPPORT FROM THE SMALL BUSINESS ADMINISTRATION, STATE AND LOCAL GOVERNMENTS ALONG WITH PRIVATE SUPPORT. IT PROVIDES FREE ONE ON ONE BUSINESS ADVISING AND TRAINING WORKSHOPS. IN 2024, CVSBDC PROVIDED 825 CLIENTS WITH 3264 HOURS OF BUSINESS ADVISING. ADDITIONALLY, 490 INDIVIDUALS PARTICIPATED IN 35 TRAINING EVENTS. CVSBDC CLIENTS CREATED 22 NEW BUSINESSES, ACCESSING 21.43 MILLION IN NEW CAPITAL FORMATION AND CREATED 123 NEW JOBS. NETWORKING AND ECOSYSTEM BUILDING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, VENTURE CENTRAL, AND THE FOUNTAIN FUND. CIC SECURED FUNDING IN 2023 TO DEVELOP THE REGIONAL ENTREPRENEURSHIP INVESTMENT STRATEGY AND WILL LEAD THAT WORK WITH A PARTNER ORGANIZATION VENTURE CENTRAL. 2195931 true true false false false false false false false false true false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 56 0 30 true false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true true false X STEPHEN DAVIS 4342183481 PO BOX 2976 CHARLOTTESVILLE VA 22903 DELORES ROBERTS CHAIR 2.00 X X 0 0 0 DANIELLE HOPKINS VICE CHAIR 2.00 X X 0 0 0 SARAD DAVENPORT DIRECTOR 2.00 X 0 0 0 JACOB D'ANIELLO DIRECTOR 2.00 X 0 0 0 VICTORIA MAXEY DIRECTOR 2.00 X 0 0 0 S LISA HERNDON DIRECTOR 2.00 X 0 0 0 MELODY BIANCHETTO DIRECTOR 2.00 X 0 0 0 HOPE LAWRENCE DIRECTOR 2.00 X 0 0 0 ROBERT WOOD DIRECTOR 2.00 X 0 0 0 CKALIB NELSON DIRECTOR 2.00 X 0 0 0 STEPHEN DAVIS PRESIDENT 40.00 X 125000 0 0 125000 1 false false false 360325 1490017 1850342 LOAN INTEREST AND FEES 513919 513919 TUITION REVENUE 24980 24980 ENTREPRENEUR 4955 4955 543854 20246 20246 2414442 543854 20246 230774 230774 125000 112756 5797 6447 1107887 999369 51381 57137 107161 103619 3542 84762 76950 3531 4281 7590 7590 68902 12162 56740 239896 229896 10000 8249 7679 570 62934 46041 9533 7360 48701 43018 5527 156 18680 17653 500 527 62781 61961 820 102781 94588 8193 7680 7351 329 LOAN LOSS PROVISION 79212 79212 CATERING EVENTS 32897 30877 1823 197 REPAIRS AND MAINTENANCE 28388 28127 261 BANK CHARGES 9636 8001 942 693 5845 5658 181 6 2439756 2195931 151760 92065 825367 662371 348200 145380 338138 463707 15804 328990 192190 239587 136800 1051266 1381832 2802558 2805894 76553 102438 300000 396578 150215 56408 526768 555424 X 593941 456976 1681849 1793494 2275790 2250470 2802558 2805894 X -25314 -6 X false true X true true true X 13456329 2734358 1987242 1705589 1850342 21733860 13456329 2734358 1987242 1705589 1850342 21733860 2078313 19655547 1105 653 2319 24889 20246 49212 21783072 1213055 0.90230 0.90150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140332 59663 80669 80669 LOANS OUTSTANDING 1379774 SECURITY DEPOSIT 2058 1381832 LEASE LIABILITIES 56408 56408 true SEE ATTACHED 76170 SEE ATTACHED 141004 SEE ATTACHED 13600 SCHEDULE I, PAGE 1, PART I, LINE 2 IN 2023, 62 BUSINESSES RECEIVED 1.506,223 IN LOANS AND 45,916.24 IN MICROGRANTS. CIC'S LIFETIME TOTAL LENDING TO DATE INCLUDES 4.05 MILLION IN LOANS. ADDITIONALLY, CIC PARTNERS WITH LOCAL GOVERNMENTS AND OTHER ENTITIES TO MANAGE GRANT PROGRAMS THAT PROVIDE ACCESS TO CAPITAL TO BUSINESSES IN THE REGION. IN 2023, WE PARTNERED WITH ENTITIES TO PROVIDE CAPITAL TO BUSINESSES THROUGH GRANTS INCLUDING 14 BUSINESSES RECEIVED 172,135 IN GRANTS THROUGH THESE PARTNERSHIPS. FORM 990, PAGE 2, PART III, LINE 4A CIC PROVIDES BUSINESS EDUCATION, MENTORING AND NETWORKING OPPORTUNITIES TO UNDER-RESOURCED ENTREPRENEURS. THE SIGNATURE EDUCATION PROGRAM IS A 16 WEE ENTREPRENEUR WORKSHOP THAT COMBINES CASE STUDIES, DISCUSSION AND APPLIED LEARNING. A FINANCIAL MANAGEMENT PROGRAM HELPS ENTREPRENEURS DEVELOP THE BOOKKEEPING, RECORD KEEPING, AND FINANCIAL ANALYSIS SKILLS AND HABITS TO BETTER MANAGE THEIR BUSINESS. ADDITIONAL PROGRAMS INCLUDE MENTORING, BUSINESS OFFICE HOURS, SMALL BUSINESS CIRCLES AND OUR COLLABORATIVE CO-WORKING SPACE. IN 2024, 241 CLIENTS PARTICIPATED IN CIC PROGRAMS. TO DATE: THERE ARE 631 GRADUATES OF OUR 16 WEEK WORKSHOP, 156 MENTOR MATCHES, AND 103 FINANCIAL MANAGEMENT PROGRAM PARTICIPANTS. TO DATE: THOSE CLIENTS HAVE STARTED 185 NEW BUSINESSES, SUSTAINED 315 EXISTING BUSINESSES AND CREATED 416 NEW FULL TIME EQUIVALENT JOBS. FORM 990, PAGE 2, PART III, LINE 4B CIC HAS TWO CORE FINANCING PROGRAMS INCLUDING A MICROLOAN PROGRAM THAT PROVIDES LOANS UP TO 50,000, A MICRO GRANTS PROGRAM THAT HELPS UNDER- RESOURCED ENTREPRENEURS TEST THEIR PRODUCT OR SERVICES. IN 2024, 29 BUSINESSES RECEIVED 1,050,855 IN LOANS AND 26 BUSINESSES RECEIVED 35,996 IN MICROGRANTS. CIC'S LIFETIME TOTAL LENDING TO DATE INCLUDES 5.075 MILLION IN LOANS. ADDITIONALLY, CIC PARTNERS WITH LOCAL GOVERNMENTS AND OTHER ENTITIES TO MANAGE GRANT PROGRAMS THAT PROVIDE ACCESS TO CAPITAL TO BUSINESSES IN THE REGION. IN 2024, WE PARTNERED WITH ENTITIES TO PROVIDE CAPITAL TO BUSINESSES THROUGH GRANTS INCLUDING 12 BUSINESSES RECEIVED 179,248 IN GRANTS THROUGH THESE PARTNERSHIPS. CIC PROVIDES LOAN SERVICING TO LOANS NOT ON OUR BALANCE SHEET. AT THE END OF 2024, CIC MANAGED 48 LOANS TOTALLING 1,4052,526 FOR OTHER ORGANIZATIONS. THIS INCLUDES 568,704 IN LOANS FOR PARTNERS WHO PARTICIPATED ON CIC CLIENT LOANS. CIC ALSO PROVIDES LOAN SERVICING TO ANOTHER MISSION DRIVEN LENDER, BRIDGING VIRGINIA BASED OUT OF RICHMOND, VA. CIC LEVERAGES ITS CAPACITY AS LENDER TO SUPPORT BRIDGING VIRGINIA BY MANAGING ITS LOAN PAYMENTS, HELPING BRIDGING VIRGINIA MANAGE 286,413 IN NEW LOANS IN 2024 AND SUPPORTS 483,795 IN OUTSTANDING BALANCES TO TO UNDER-RESOURCED ENTREPRENEURS IN THE RICHMOND AREA. FORM 990, PAGE 2, PART III, LINE 4D NETWORKING AND ECOSYSTEM BUILDING: BUILDING STRONG ENTREPRENEURIAL NETWORKS IS AN UNDERPINNING OF CIC CULTURE. CIC PARTNERS WITH LOCAL ORGANIZATIONS TO OFFERING NETWORKING EVENTS RANGING FROM MARKET ACCESS OPPORTUNITIES AT BLOCK PARTIES AND COMMUNITY FAIRS TO EDUCATION OPPORTUNITIES THROUGH BUSINESS EXPOS AND PITCH NIGHTS. PARTNERING ORGANIZATIONS INCLUDE: TOM TOM FOUNDERS FESTIVAL, WHOLE FOODS MARKET, CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, VENTURE CENTRAL, AND THE FOUNTAIN FUND. CIC SECURED FUNDING IN 2023 TO DEVELOP THE REGIONAL ENTREPRENEURSHIP INVESTMENT STRATEGY AND WILL LEAD THAT WORK WITH A PARTNER ORGANIZATION VENTURE CENTRAL. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD FINANCE COMMITTEE MEETS TO REVIEW AND APPROVE THE RETURN BEFORE IT IS SUBMITTED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REMINDED ANNUALLY ABOUT THE CONFLICT OF INTEREST POLICY. THE POLICY IS DISCLOSED TO ALL NEW BOARD MEMBERS DURING THEIR ORIENTATION PERIOD. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS AUTHORIZES EXECUTIVE'S PAY AND THE OVERALL WAGES FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS AUTHORIZES EXECUTIVE'S PAY AND THE OVERALL WAGES FOR THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 CIC MAINTAINS A COMPREHENSIVE WEBSITE THAT DESCRIBES THE ORGANIZATION'S MISSION, GOVERNING BODY, STAFF, TEAM SPONSORS, RESOURCES, PROGRAMS, NEWS, CALENDAR OF EVENTS, AND CONTACT INFORMATION. ADDITIONAL INFORMATION IS RELEASED UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -6