NonprofitsCalifornia Capital Financial Development Corporation

Community Improvement

California Capital Financial Development Corporation

SACRAMENTO, CA

Total revenue

$3.7M

Total expenses

$3.9M

Net assets

$2.9M

Grants received

$220K

6 grants

EIN

942861631

Tax year

2023

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.

Programs

3 programs

California capital women's business center: under cooperative agreement with the small business administration, 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: $632K

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: $688K

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: $669K

Financials

FY 2023

Revenue

Contributions & grants$3.1M
Program service revenue$535K
Investment income$3K
Other revenue
Total revenue$3.7M

Expenses

Grants paid
Salaries & benefits$2.9M
Fundraising
Other expenses$973K
Total expenses$3.9M
Total assets$4.3M
Net assets$2.9M

People

12 listed

NameRoleCompensation

DEBORAH MURAMOTO

PRESIDENT/CEO/SECRETARY

Board

$212K

40 hrs/wk

MAY MASUNAGA

CHIEF FINANCIAL OFFICER

Board

$137K

40 hrs/wk

SHELLEY SEALES

CHAIR

Board

1 hrs/wk

VIRGINIA CORONADO

VICE CHAIR (UNTIL OCT 2023)

Board

1 hrs/wk

RAYMOND SEBASTIAN

DIRECTOR

Board

1 hrs/wk

DENISE BROWNE

VICE CHAIR

Board

1 hrs/wk

TRUMAN RISHARD

TREASURER

Board

1 hrs/wk

DRUE BROWN

DIRECTOR

Board

1 hrs/wk

DANIEL SAVALA

DIRECTOR

Board

1 hrs/wk

MICHAEL SCHREMMER

CHIEF OPERATIONS OFFICER

Staff

$115K

40 hrs/wk

BOB GONZALES

DIRECTOR OF LENDING

Staff

$110K

40 hrs/wk

IVOR NEWMAN

APEX PROGRAM DIRECTOR

Staff

$109K

40 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$33K
SKILL FORWARD AND VSBDR
2024
$30K
SMALL BUSINESS COALITION FOR RACIAL JUSTICE
2024
$10K
EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT
2023
$10K
ROUND 1 AND 2 TO SUPPORT CENSUS 2020 OUTREACH ACTIVITIES AND PROMOTE AWARENESS OF THE CENSUS IN HARD-TO-COUNT COMMUNITIES IN SACRAMENTO COUNTY
2020

Funded by

$220K from 4 funders · 6 grants · 2020–2024

National Community Reinvestment

$125K · 1 grant · 2024

Association Of Women's Business Centers

$55K · 3 grants · 2022–2024

Details

EIN942861631
NTEE codeS430
Subsection03
Ruling date1983-01
Formed1982
Employees35
Volunteers8
CALIFORNIA CAPITAL FINANCIAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo