2024-05-28T11:34:33-05:00 2023-09-30 814234542 BPM LLP 4200 BOHANNON DRIVE SUITE 250 MENLO PARK CA 940251021 990 2022-10-01 825204018 TMC COMMUNITY CAPITAL TMCC 4159898855 1611 TELEGRAPH 504 OAKLAND CA 94612 MICHAEL VANECEK CFO 4159898855 2024-05-23 1 MICHAEL VANECEK 999009999 0 TAMARA L MCINERNEY P00011797 6508556800 2024-05-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL FERNANDEZ 1611 TELEGRAPH 504 OAKLAND CA 94612 2351825 0 X WWW.TMCCOMMUNITYCAPITAL.ORG X 2018 CA TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS. 13 13 7 0 0 0 1118360 2156054 87731 195771 0 0 0 0 1206091 2351825 0 160000 0 0 667444 992191 0 0 0 433975 781726 1101419 1933917 104672 417908 2921286 5301238 2407588 4369632 513698 931606 X TMC COMMUNITY CAPITAL'S PURPOSE IS TO ASSIST UNDERSERVED ENTREPRENEURS IN THE STATE OF CALIFORNIA BY PROVIDING THEM WITH ACCESS TO CAPITAL, TECHNICAL ASSISTANCE AND RESOURCES TO SUCCESSFULLY START AND GROW A BUSINESS. TMC COMMUNITY CAPITAL SUPPORTS MICROENTERPRISE GROWTH AS A STRATEGY TO STRENGTHEN THE LOCAL ECONOMY, CREATE JOBS, AND BUILD STRONG COMMUNITIES. THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES:. MICROLOANS/SMALL BUSINESS LOANS $5,000 TO $50,000 THROUGHOUT THE STATE OF CALIFORNIA. TECHNICAL ASSISTANCE (BUSINESS COACHING, ADVISING, EDUCATION, AND MENTORING). REFERRALS FOR FREE AND LOW-COST BUSINESS RESOURCES. EDUCATIONAL PRESENTATIONS ON ACCESS TO CAPITAL 0 0 1612750 160000 195771 MICROLOAN PROGRAM THIS PROGRAM FOCUSES ON SERVING BUSINESSES THAT ARE TYPICALLY DISENFRANCHISED FROM TRADITIONAL LENDING, SUCH AS WOMEN BUSINESS OWNERS, MINORITY BUSINESS OWNERS, AND BUSINESSES IN LOW-INCOME COMMUNITIES. IT PROVIDES OUTREACH TO CONNECT WITH POTENTIAL BORROWERS AND PROVIDES AN INTAKE ASSESSMENT THAT INCLUDES RESOURCE NAVIGATION AND A REFERRAL TO OTHER ORGANIZATIONS IF ADDITIONAL RESOURCES ARE NECESSARY. 1612750 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 4 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 1 0 CA X MICHAEL VANECEK 4156555413 1611 TELEGRAPH SUITE 504 OAKLAND CA 94612 BARBARA MORRISON DIRECTOR 1.00 X 0 0 0 HEATHER CAMERON DIRECTOR 1.00 X 0 0 0 TAMISIE HONEY DIRECTOR 1.00 X 0 0 0 JOE SKOWERA DIRECTOR 1.00 X 0 0 0 SCOTT ROGALSKI DIRECTOR 1.00 X 0 0 0 MARK HERBERT CHAIR 1.00 X X 0 0 0 KELLY LAROCCA DIRECTOR 1.00 X 0 0 0 MICHELLE SVELTI DIRECTOR 1.00 X 0 0 0 MONA AHMADI DIRECTOR 1.00 X 0 0 0 JOYCE SLOSS DIRECTOR 1.00 X 0 0 0 JING CAO SECRETARY 1.00 X X 0 0 0 DARCY MACKAY DIRECTOR (FROM 7/23) 1.00 X 0 0 0 ARMANDO CARMONA DIRECTOR (FROM 7/23) 1.00 X 0 0 0 MICHAEL VANECEK CFO 1.00 X 0 0 0 DANIEL FERNANDEZ PRESIDENT & CEO 40.00 X 115643 0 5307 HANNA LEEN PROGRAM DIRECTOR 40.00 X 105902 0 5617 MAYRA CONTRERAS LOPEZ DIRECTOR OF PARTNERSHIPS 40.00 X 100725 0 8560 322270 0 19484 3 0 0 0 0 260000 1896054 2156054 LOAN INCOME 900099 195771 195771 195771 2351825 195771 0 0 160000 160000 200354 171470 28884 635851 544184 91667 91575 78373 13202 64411 55125 9286 39224 39224 131247 131247 32547 32547 18383 16421 1962 32028 32028 53706 48335 5371 50747 50747 176400 176400 10474 10474 6245 6245 LOAN LOSS EXPENSE 190048 190048 EVENTS & SPONSORSHIPS 25106 25106 BANK CHARGES & FEES 8409 8409 DUES AND SUBSCRIPTIONS 5224 5224 1938 1614 324 1933917 1612750 321167 0 1275920 1663689 42500 138750 1573548 3450602 14907 37291 31020 21314 14411 9706 0 1200 2921286 5301238 312588 237632 140000 900000 1500000 1195000 2492000 2407588 4369632 X 327198 697606 186500 234000 513698 931606 2921286 5301238 417908 0 X 0 1 X 0 0 X 155000 1050000 1183773 1118360 2156054 5663187 155000 1050000 1183773 1118360 2156054 5663187 3083888 2579299 5663187 511976 0.45550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31020 21314 9706 9706 LINE OF CREDIT 2492000 2492000 X 2004822 19445 19445 1985377 366448 366448 2351825 1586914 19445 19445 1567469 366448 366448 1933917 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701F OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, THE ORGANIZATION HAS PAID NO INCOME TAXES AND THE FINANCIAL STATEMENTS INCLUDE NO PROVISION FOR INCOME TAXES. THE ORGANIZATION FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("ASC 740"). ASC 740 REQUIRES AN ORGANIZATION TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE 190,048. INTEREST EXPENSE 176,400. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE 190,048. INTEREST EXPENSE 176,400. 0 THE KITCHEN TERMINAL INC 2617 MANHATTAN BEACH BLVD REDONDO BEACH CA 90278 463726544 160000 0 GENERAL SUPPORT 0 1 SCHEDULE I, PART I, LINE 2: IN THE WRITTEN GRANT AGREEMENT, THE ORGANIZATION STIPULATED THAT THEY COULD REQUEST A REPORT AT ANY TIME. FORM 990, PART V, LINE 2A: TMCCC EMPLOYEES ARE TECHNICALLY, FOR W3 PURPOSES, TRINET HR EMPLOYEES. TMC FINANCING AND TMC COMMUNITY CAPITAL USE ONE PAYROLL SYSTEM AND TMCCC REIMBURSES TMCF FOR PAYROLL AMOUNTS. FORM 990, PART VI, SECTION A, LINE 3 THERE IS A MASTER SERVICE AGREEMENT (MSA) BETWEEN TMC COMMUNITY CAPITAL AND TMC FINANCING. THE MSA CREATES AN ADMINISTRATIVE COLLABORATION BETWEEN THE PARTIES TO SHARE CERTAIN OVERHEAD COSTS, INCLUDING, BUT NOT LIMITED TO, FINANCE AND ACCOUNTING, HUMAN RESOURCES MANAGEMENT, AND OTHER ADMINISTRATIVE FUNCTIONS. TMC FINANCING STAFF PROVIDING SUPPORT TO TMC COMMUNITY CAPITAL VIA THE MSA AGREEMENT, PROVIDE SERVICES TO TMC COMMUNITY CAPITAL PRO BONO, IN-KIND SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 YEAR END REVIEW PROCESS INCLUDES EVALUATION OF PERFORMANCE AND ANY COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST