Nonprofit · EIN 94-2548556
MAIN STREET LAUNCH
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,730,392 | $5,798,080 | $932,312 | $26,128,268 | $14,751,012 | $11,377,256 |
| June 30, 2024 | 990 (amended) | $5,291,164 | $8,388,879 | -$3,097,715 | $24,362,000 | $13,917,056 | $10,444,944 |
| June 30, 2023 | 990 | $7,518,901 | $7,255,615 | $263,286 | $28,397,163 | $14,854,504 | $13,542,659 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,656,429
- of which government grants
- $1,852,589
- Program service revenue
- $1,916,081
- Investment income
- $126,969
- Other revenue
- $30,913
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $276,366
- Other salaries and wages
- $2,494,438
- Salaries, compensation and benefits (total)
- $3,255,033
- Professional fundraising fees
- $0
- Accounting fees
- $119,863
- Occupancy
- $477,896
- Travel
- $10,742
- Program services (functional)
- $4,867,049
- Management and general (functional)
- $931,031
Balance sheet and other
- Total assets, start of year
- $24,362,000
- Total assets, end of year
- $26,128,268
- Total liabilities, end of year
- $14,751,012
- Net assets, end of year
- $11,377,256
- Land, buildings and equipment
- $130,578
- Net assets without donor restrictions
- $2,076,343
- Net assets with donor restrictions
- $9,300,913
- Gross receipts
- $6,730,392
- Employees
- 16
- Year formed
- 1979
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joyce Windross | EVP Operations | 40 | $291,099 | $15,438 |
| Rohan Kalbag | CEO Officer | 40 | $269,538 | $6,564 |
| Jen Verne | CDO | 40 | $256,204 | $15,639 |
| Karla DeLeon | CCO | 40 | $218,526 | $12,253 |
| Darius Mahajer | SVP Marketing Mgr | 40 | $173,270 | $16,032 |
| Arthur Washington | Director Trustee or director | 0.5 | $3,500 | $0 |
| Wendell Jones II | Chairperson Trustee or director | 1.25 | $500 | $0 |
| MARK LINDQUIST | Secretary Trustee or director, Officer | 1.25 | $500 | $0 |
| Stephanie Jones | Treasurer Trustee or director, Officer | 0.5 | $500 | $0 |
| Jim Wong | Director Trustee or director | 0.5 | $500 | $0 |
| Eric Nelson | Director Trustee or director | 0.5 | $500 | $0 |
| Matt Ching | Director Trustee or director | 0.5 | $500 | $0 |
| Elizabeth Fuchs | Director Trustee or director | 0.5 | $328 | $0 |
| Vernon Goins | Director Trustee or director | 0.5 | $0 | $0 |
| Erik Daniels | Director Trustee or director | 0.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gregory Hunter | Director Trustee or director | 0.5 | $0 |
| LaSandra Hunt | Director Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joyce Windross | EVP Operations | 40 | $392,321 | $36,358 |
| Jacob Singer | Pres & CEO | 40 | $386,360 | $36,562 |
| Jen Verne | EVP/ Chief Dev Off | 40 | $333,037 | $32,836 |
| Karla DeLeon | Employee | 40 | $228,014 | $23,138 |
| Darius Mahajer | SVP Marketing Mgr | 40 | $196,474 | $28,889 |
| Matt Ching | Director Trustee or director | 0.5 | $4,842 | $0 |
| Rohan Kalbag | Director Trustee or director | 1.25 | $4,500 | $0 |
| Wendell Jones II | Chairperson Trustee or director | 1.25 | $4,500 | $0 |
| Jim Wong | Director Trustee or director | 0.5 | $4,500 | $0 |
| Arthur Washington | Director Trustee or director | 0.5 | $4,500 | $0 |
| MARK LINDQUIST | Secretary Trustee or director | 1.25 | $4,000 | $0 |
| Eric Nelson | Director Trustee or director | 0.5 | $4,000 | $0 |
| Stephanie Jones | Treasurer Trustee or director | 0.5 | $3,500 | $0 |
| LaSandra Hunt | Director Trustee or director | 0.5 | $3,500 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joyce Windross | EVP Operations | 40 | $405,263 | $59,318 |
| Jacob Singer | President & CEO Officer | 40 | $361,000 | $57,514 |
| Jen Verne | Chief Dev Officer | 40 | $277,436 | $50,739 |
| Karla DeLeon | Credit Officer | 40 | $210,824 | $43,602 |
| Darius Mahajer | SVP Marketing Mgr | 40 | $200,676 | $38,118 |
| Eric Nelson | Director Trustee or director | 0.5 | $5,500 | $0 |
| Jim Wong | Director Trustee or director | 0.5 | $5,500 | $0 |
| Matt Ching | Director Trustee or director | 0.5 | $5,500 | $0 |
| Stephanie L Jones | Treasurer Trustee or director | 0.5 | $5,500 | $0 |
| Wendell Jones | Director Trustee or director | 0.5 | $5,500 | $0 |
| Arthur Washington | Director Trustee or director | 0.5 | $5,000 | $0 |
| Mark Lindquist | Director Trustee or director | 0.5 | $5,000 | $0 |
| Tiffany Short | Director Trustee or director | 0.5 | $2,500 | $0 |
| Gladys Green | Director Trustee or director | 0.5 | $0 | $0 |
| Tiffany Short | Director Trustee or director | 0.5 | $0 | $0 |
| Lasandra Hunt | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 360 22ND ST STE 720, OAKLAND, CA 94612-3026
- Principal officer (990 for 2024)
- Rohan Kalbag, 2101 Webster Street 1200, OAKLAND, CA 94612
- Signed the 990
- Rohan Kalbag, CEO
- Phone
- (510) 763-4297
- Website
- obdc.com
- Return prepared by
- WILLIAMS ADLEY AND CO-CA LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2548556 or by the name MAIN STREET LAUNCH.
- 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
Our mission is to create economic opportunity by empowering entrepreneurs.Through innovative partnerships we provide business owners with capital, education, and relationships that allow them to flourish. Our collaborative approach helps our clients create jobs and stimulates economic development in low-to-moderate income communities.
Program accomplishments
- PROGRAM ACCOMPLISHMENTIn the last 10 years, Main Street Launch has made loans totaling $95 million tomore than 1,200 businesses, creating and sustaining over 5,800 jobs. These loanssupported 47% women-owned businesses, 28% new businesses, 40% businesses in low to moderate income (LMI) areas, and 68% of borrowers were LMI entrepreneurs. Main Street Launch provides lending services across the entire state of California, with a particular focus on Oakland and San Francisco.During FY25, Main Street Launch provided technical assistance to 600 entrepreneursand loaned $9 million to 57 California small businesses, including 18 businessesin San Francisco and 12 in Oakland. These businesses created and sustained over 300jobs. Main Street Launchs technical assistance and lending activity has resulted injob creation and income for residents in LMI communities, increased wealth forunderserved entrepreneurs, and increased economic activity in LMI communities. Thisleads to improved community vitality as a result of decreasing retail leakage,blight, and the number of empty storefronts, increasing tax revenue of city servicesand residents access to goods and services.In 2025 Main Street Launch started a new program in San Francisco to support businesses filling vacant storefronts in Downtown San Francisco. The program is a public-private partnership funded by the City of San Francisco and several private bank and foundation funders. The program provides grant and low cost/flexible debt capital to small businesses filling vacant storefronts.Expenses $4,867,049
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2548556
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $26,128,268
- Income (IRS master file)
- $6,730,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,730,392 | $5,798,080 | $26,128,268 | XML |
| 990 | June 2024 | $5,291,164 | $8,388,879 | $24,362,000 | IRS |
| 990 | June 2023 | $7,518,901 | $7,255,615 | $28,397,163 | XML |
| 990 | June 2022 | $10,030,416 | $10,076,153 | $30,976,803 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 94-2548556).
Questions about MAIN STREET LAUNCH
- What is the EIN of MAIN STREET LAUNCH?
- The employer identification number (EIN) of MAIN STREET LAUNCH is 94-2548556.
- Is MAIN STREET LAUNCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to MAIN STREET LAUNCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAIN STREET LAUNCH 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 MAIN STREET LAUNCH due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAIN STREET LAUNCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAIN STREET LAUNCH?
- The 990 for the year ended June 30, 2025 names Rohan Kalbag.
- Who are the officers and directors of MAIN STREET LAUNCH?
- The 990 for the year ended June 30, 2025 lists 17 people; 13 received compensation from the organization, the highest $291,099 (Joyce Windross, EVP Operations).
- How much revenue does MAIN STREET LAUNCH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,730,392, expenses of $5,798,080 and total assets of $26,128,268 at year end.
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All nonprofits in OAKLAND · California · Community improvement and capacity building