Nonprofit · EIN 94-2861631
CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION
Tax-exempt · SACRAMENTO, CA 95815
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,350,528 | $3,994,915 | $355,613 | $4,794,069 | $1,697,364 | $3,096,705 |
| June 30, 2024 | 990 | $3,652,060 | $3,894,051 | -$241,991 | $4,252,328 | $1,320,384 | $2,931,944 |
| June 30, 2023 | 990 | $4,136,742 | $3,848,552 | $288,190 | $4,782,406 | $1,483,384 | $3,299,022 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,615,396
- of which government grants
- $2,535,930
- Program service revenue
- $733,014
- Investment income
- $2,118
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $94,276
- Compensation of officers, directors and key employees
- $413,811
- Other salaries and wages
- $2,033,199
- Salaries, compensation and benefits (total)
- $2,855,751
- Professional fundraising fees
- $0
- Legal fees
- $29,834
- Accounting fees
- $30,074
- Occupancy
- $177,364
- Travel
- $49,479
- Depreciation
- $7,197
- Program services (functional)
- $3,295,071
- Management and general (functional)
- $699,844
Balance sheet and other
- Total assets, start of year
- $4,252,328
- Total assets, end of year
- $4,794,069
- Total liabilities, end of year
- $1,697,364
- Net assets, end of year
- $3,096,705
- Land, buildings and equipment
- $15,761
- Net assets without donor restrictions
- $2,446,552
- Net assets with donor restrictions
- $650,153
- Gross receipts
- $4,350,528
- Employees
- 37
- Volunteers
- 46
- Year formed
- 1982
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH MURAMOTO | PRESIDENT/CEO/SECRETARY Trustee or director, Officer | 40 | $211,905 | $0 |
| MAY MASUNAGA | CHIEF FINANCIAL OFFICER Officer | 40 | $133,815 | $68,091 |
| BOB GONZALES | CHIEF CREDIT OFFICER Highest-paid employee | 29 | $129,932 | $30,640 |
| MICHAEL SCHREMMER | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $114,008 | $19,919 |
| SUNITA MAHARAJ | LOAN PORTFOLIO MANAGER Highest-paid employee | 40 | $102,195 | $23,545 |
| SIEW YEE LEE | SBDC PROGRAM DIRECTOR Highest-paid employee | 40 | $100,472 | $22,202 |
| IVOR NEWMAN | APEX PROGRAM DIRECTOR Highest-paid employee | 40 | $104,344 | $5,217 |
| SHELLEY SEALES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DENISE BROWNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRUMAN RISHARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DRUE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL SAVALA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND SEBASTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH MURAMOTO | PRESIDENT/CEO/SECRETARY Trustee or director, Officer | 40 | $211,823 | $10,333 |
| MAY MASUNAGA | CHIEF FINANCIAL OFFICER Officer | 40 | $136,623 | $19,551 |
| MICHAEL SCHREMMER | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $114,683 | $13,010 |
| BOB GONZALES | DIRECTOR OF LENDING Highest-paid employee | 40 | $109,975 | $12,061 |
| IVOR NEWMAN | APEX PROGRAM DIRECTOR Highest-paid employee | 40 | $109,363 | $5,468 |
| SHELLEY SEALES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DENISE BROWNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRUMAN RISHARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DRUE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL SAVALA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND SEBASTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIRGINIA CORONADO | VICE CHAIR (UNTIL OCT 2023) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH MURAMOTO | PRESIDENT/CEO Officer | 40 | $177,692 | $23,145 |
| JUDY FLETCHER | CHIEF LENDING OFFICER Officer | 40 | $155,880 | $8,735 |
| MAY MASUNAGA | CHIEF FINANCIAL OFFICER Officer | 40 | $140,830 | $19,465 |
| MICHAEL SCHREMMER | CHIEF OPERATIONS OFFICER Officer | 40 | $114,116 | $11,792 |
| IVOR NEWMAN | PROGRAM DIRECTOR Highest-paid employee | 40 | $104,362 | $5,218 |
| CLARENCE WILLIAMS | CHAIR (THRU MAY '23) Trustee or director, Officer | 1 | $0 | $0 |
| VIRGINIA CORONADO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRUMAN RISHARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SHELLEY SEALES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DENISE BROWNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DRUE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1792 TRIBUTE RD STE 270, SACRAMENTO, CA 95815-4321
- Principal officer (990 for 2024)
- DEBORAH MURAMOTO, 1792 TRIBUTE ROAD SUITE 270, SACRAMENTO, CA 95815
- Signed the 990
- DEBORAH MURAMOTO, PRESIDENT
- Phone
- (916) 442-1792
- Website
- WWW.CACAPITAL.ORG
- Return prepared by
- RICHARDSON & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2861631 or by the name CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION.
- 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
TO EQUITABLY PROVIDE CAPITAL AND DEVELOPMENT ASSISTANCE TO INCREASE ECONOMIC OPPORTUNITIES BY OFFERING A WIDE RANGE OF FLEXIBLE FINANCIAL PRODUCTS AND TECHNICAL SERVICES THROUGH COLLABORATION.
Program accomplishments
- CAPITAL ACCESS PROGRAM: CALIFORNIA CAPITAL ADMINISTERS VARIOUS LOAN PROGRAMS INCLUDING DIRECT LENDING TO SMALL BUSINESSES THROUGH FEDERAL AND DONOR FUNDED PROGRAMS AND ADMINISTERS LOAN GUARANTEES UNDER THE DIRECTION OF THE STATE OF CALIFORNIA IN WHICH LOANS ARE GUARANTEED FOR SMALL BUSINESSES AS WELL AS TECHNICAL ASSISTANCE FOR LOAN READINESS.Expenses $1,150,448 · revenue $729,766
- PROCUREMENT TECHNICAL ASSISTANCE CENTER AND APEX ACCELERATOR: UNDER COOPERATIVE AGREEMENT WITH THE DEPARTMENT OF DEFENSE, THE APEX ACCELERATOR PROVIDES CAPACITY-BUILDING TRAINING AND DIRECT ASSISTANCE TO SMALL BUSINESSES RELATED TO GOVERNMENT CONTRACTING. WE PROVIDE THIS PROCUREMENT TECHNICAL ASSISTANCE TO SMALL BUSINESSES WHO WISH TO OR CURRENTLY DO BUSINESS WITH FEDERAL, STATE, OR LOCAL GOVERNMENT.Expenses $707,789
- RESEARCH AND BUSINESS DEVELOPMENT: CCFDC HAS DELIVERED IMPACT DRIVEN PROGRAMS WITHIN BUSINESS CORRIDORS AND STRENGTHENED NETWORK CONNECTIONS WITH ECONOMIC DEVELOPMENT AGENCIES IN SACRAMENTO. ONE OF THE PROGRAMS WITHIN THIS PROGRAM SERVICE IS THE SACRAMENTO VALLEY SMALL BUSINESS DEVELOPMENT CENTER FUNDED BY THE SMALL BUSINESS ADMINISTRATION.Expenses $756,727 · grants $43,000
- CALIFORNIA CAPITAL WOMEN'S BUSINESS CENTER: UNDER COOPERATIVE AGREEMENT WITH THE SMALL BUSINESS ADMINISTRATION, CCFDC IS COMMITTED TO BUILDING THE CAPACITY OF SMALL BUSINESSES THROUGH EDUCATIONAL WORKSHOPS, ONE-ON-ONE ASSISTANCE, ONLINE LEARNING, AND CONNECTION WITH LOCAL RESOURCES. WBC SERVICES FOCUS ON ENTREPRENEURSHIP, ACCESS TO CAPITAL, AND SPECIALIZED PROGRAMS FOR INDUSTRY SECTORS INCLUDING CHILDCARE AND B2B SERVICES.Expenses $664,350 · grants $51,276 · revenue $3,248
- ACCESS TO HOUSING AND ECONOMIC DEVELOPMENTExpenses $15,757
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
- 94-2861631
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $4,794,069
- Income (IRS master file)
- $4,350,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,350,528 | $3,994,915 | $4,794,069 | IRS |
| 990 | June 2024 | $3,652,060 | $3,894,051 | $4,252,328 | IRS |
| 990 | June 2023 | $4,136,742 | $3,848,552 | $4,782,406 | XML |
| 990 | June 2022 | $3,624,110 | $3,503,917 | $3,926,926 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 94-2861631).
Questions about CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION
- What is the EIN of CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION is 94-2861631.
- Is CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION 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 CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION 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 CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION 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 CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names DEBORAH MURAMOTO.
- Who are the officers and directors of CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 7 received compensation from the organization, the highest $211,905 (DEBORAH MURAMOTO, PRESIDENT/CEO/SECRETARY).
- How much revenue does CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,350,528, expenses of $3,994,915 and total assets of $4,794,069 at year end.
Other nonprofits in SACRAMENTO
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- CALIFORNIA DENTAL ASSOCIATION EIN 95-2822367 · last filed 990 for 2024
- VALLEY VISION INC EIN 94-3214572 · last filed 990 for 2025
- GREATER SACRAMENTO AREA ECONOMIC COUNCIL EIN 46-5517841 · last filed 990 for 2025
- OPENING DOORS INC EIN 37-1417129 · last filed 990 for 2024
- NONPROFITS UNITED EIN 68-0152946 · last filed 990 for 2025
- CALIFORNIA COMMUNITY CHOICE ASSOCIATION EIN 81-3148617 · last filed 990 for 2025
- PARTNERS FOR PUBLIC GOOD EIN 93-4294056 · last filed 990 for 2025
All nonprofits in SACRAMENTO · California · Community improvement and capacity building