Nonprofit · EIN 47-0898054
ICA FUND
Tax-exempt · OAKLAND, CA 94607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,717,480 | $6,947,208 | $770,272 | $23,929,138 | $12,434,317 | $11,494,821 |
| December 31, 2023 | 990 | $5,480,854 | $4,993,871 | $486,983 | $22,824,034 | $9,245,209 | $13,578,825 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,228,646
- of which government grants
- $197,059
- Program service revenue
- $474,418
- Investment income
- $2
- Net gain from sales of assets
- $2
- Other revenue
- $14,414
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,094,299
- Other salaries and wages
- $1,133,383
- Salaries, compensation and benefits (total)
- $3,903,204
- Professional fundraising fees
- $0
- Legal fees
- $48,838
- Accounting fees
- $72,367
- Occupancy
- $138,481
- Travel
- $62,066
- Depreciation
- $22,135
- Program services (functional)
- $5,717,895
- Management and general (functional)
- $358,856
- Fundraising (functional)
- $870,457
Balance sheet and other
- Total assets, start of year
- $22,824,034
- Total assets, end of year
- $23,929,138
- Total liabilities, end of year
- $12,434,317
- Net assets, end of year
- $11,494,821
- Net assets without donor restrictions
- $9,171,325
- Net assets with donor restrictions
- $2,323,496
- Gross receipts
- $7,717,480
- Employees
- 30
- Volunteers
- 40
- Year formed
- 1996
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLISON KELLY | CHIEF EXECUTIVE OFFICER Officer | 40 | $316,945 | $40,958 |
| JOHN GOUGH | CHIEF INVESTMENT OFFICER Officer | 40 | $230,778 | $39,956 |
| DIANNA TREMBLAY | CHIEF PROGRAM OFFICER Officer | 40 | $229,883 | $25,046 |
| DENNISE ESTRADA | VP OF FINANCE & ADMIN Officer | 40 | $231,000 | $21,566 |
| CARON GUGSSA-HOWARD | DIRECTOR OF PORTFOLIO SERVICES Highest-paid employee | 40 | $144,452 | $20,445 |
| CYNTHIA BILLOPS | DIRECTOR OF DIRECT SERVICES Highest-paid employee | 40 | $136,528 | $19,301 |
| VIOLA MAI | DIR OF DEVELOPMENT AND IMPACT Highest-paid employee | 40 | $138,700 | $12,353 |
| ERICA DIXON | DIR OF MARKETING AND COMMUNICATIONS Highest-paid employee | 40 | $137,713 | $12,930 |
| HECTOR RAMOS | DIRECTOR OF INVESTMENTS Highest-paid employee | 40 | $132,000 | $13,147 |
| JACK RUSSI | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIM HARRIS | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIM KING | DC CHAIR, CORPORATE SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JUSTINA LAI | INVESTMENT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DENNIS GREEN | AUDIT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WILBUR HOBBS | TREASURER, FINANCE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AL DE ALMEIDA | BOARD MEMBER Trustee or director | 2 | $0 |
| DON REINKE | BOARD MEMBER Trustee or director | 2 | $0 |
| NICOLE AUYANG | BOARD MEMBER Trustee or director | 2 | $0 |
| MONA MASRI | BOARD MEMBER Trustee or director | 2 | $0 |
| CONCHITA TUCKER | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMES HEAD | BOARD MEMBER Trustee or director | 2 | $0 |
| CLAYTON BRYAN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLISON KELLY | CHIEF EXECUTIVE OFFICER Officer | 40 | $297,486 | $36,338 |
| JOHN GOUGH | CHIEF INVESTMENT OFFICER Officer | 40 | $226,845 | $37,731 |
| DIANNA TREMBLAY | CHIEF PROGRAM & STR INIT OFFICER Officer | 40 | $218,855 | $23,901 |
| DENNISE ESTRADA | VP OF FIN & ADMIN Officer | 40 | $216,690 | $19,909 |
| YUI UENO | SR. DIRECTOR OF INVESTMENT Key employee | 40 | $156,782 | $15,412 |
| CARON GUGSSA-HOWARD | DIR OF PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $127,199 | $22,610 |
| ERICA DIXON | DIR OF MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $121,250 | $11,618 |
| VIOLA MAI | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $121,350 | $10,971 |
| HECTOR RAMOS | INVESTMENT AND PROGRAM MANAGER Highest-paid employee | 40 | $104,414 | $11,216 |
| SHIBISHA JOHNSON | STRATEGY & INNOVATION CONSULTANT Highest-paid employee | 40 | $111,622 | $0 |
| JACK RUSSI | CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIM HARRIS | CO-CHAIR, INVESTMENT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIM KING | DEVELOPMENT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DENNIS GREEN | AUDIT COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WILBUR HOBBS | TREASURER, FINANCE COMMITTEE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JUSTINA LAI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AL DE ALMEIDA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SEAN DANIEL MURPHY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DON REINKE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MONA MASRI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SAHRA HALPERN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PENINA GOODMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NICOLE AUYANG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CONCHITA TUCKER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 492 9TH ST BSMT, OAKLAND, CA 94607-3865
- In care of
- % BLACK & DEAN LLP
- Principal officer (990 for 2024)
- ALLISON KELLY, 1714 FRANKLIN STREET 100-174, OAKLAND, CA 94612
- Signed the 990
- DENNISE ESTRADA, VP OF FINANCE AND ADMIN
- Phone
- (510) 271-0142
- Website
- WWW.ICA.FUND
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 47-0898054 or by the name ICA FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ICA FUND ACCELERATES GREAT BUSINESSES THROUGH MENTORING AND INVESTMENTS TO CATALYZE VALUE IN LOCAL MARKETS AND CREATE COMMUNITY WEALTH.
Program accomplishments
- 109 ENTREPRENEURS SERVED THROUGH EDUCATION OFFERINGS.Expenses $3,286,429
- 3 NEW WORKING CAPITAL LOANS, 1 NEW CONVERTIBLE NOTE, 2 NEW EQUITY INVESTMENTS, 3 NEW SAFE NOTES, 7 NEW IMPACT NOTES DEPLOYED TO SMALL BUSINESSES.Expenses $2,431,466
- 642 HOURS OF ADVISING HOURS PROVIDED TO SMALL BUSINESSES.revenue $488,832
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0898054
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $23,929,138
- Income (IRS master file)
- $7,717,480
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,717,480 | $6,947,208 | $23,929,138 | IRS |
| 990 | December 2023 | $5,480,854 | $4,993,871 | $22,824,034 | XML |
| 990 | December 2022 | $6,663,281 | $4,401,992 | $19,371,300 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0898054).
Questions about ICA FUND
- What is the EIN of ICA FUND?
- The employer identification number (EIN) of ICA FUND is 47-0898054.
- Is ICA FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ICA FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ICA FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ICA FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ICA FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ICA FUND?
- The 990 for the year ended December 31, 2024 names ALLISON KELLY.
- Who are the officers and directors of ICA FUND?
- The 990 for the year ended December 31, 2024 lists 22 people; 9 received compensation from the organization, the highest $316,945 (ALLISON KELLY, CHIEF EXECUTIVE OFFICER).
- How much revenue does ICA FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,717,480, expenses of $6,947,208 and total assets of $23,929,138 at year end.
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All nonprofits in OAKLAND · California · Community improvement and capacity building