Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| Total | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support Add lines 7 through 10. | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 2,222,961 | 2,507,545 | 3,134,558 | 2,895,627 | 3,857,585 | 14,618,276 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | 473,646 | 377,084 | 362,986 | 469,478 | 530,611 | 2,213,805 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513.. | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | 2,696,607 | 2,884,629 | 3,497,544 | 3,365,105 | 4,388,196 | 16,832,081 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | 0 | |||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 0 | |||||
| 8 | Public support (Subtract line 7c from line 6.) | 16,832,081 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2010 | (b) 2011 | (c) 2012 | (d) 2013 | (e) 2014 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 2,696,607 | 2,884,629 | 3,497,544 | 3,365,105 | 4,388,196 | 16,832,081 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 683 | 2,471 | 350 | 1,159 | 1,470 | 6,133 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 683 | 2,471 | 350 | 1,159 | 1,470 | 6,133 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 5,023 | 1,462 | 8,272 | 449 | 15,206 | |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 2,702,313 | 2,888,562 | 3,506,166 | 3,366,713 | 4,389,666 | 16,853,420 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e | Discount claimed for blockage or other factors (explain in detail in Part VI): | |||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| 7 | Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions) | |||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2014 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2014 |
(iii) Distributable Amount for 2014 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2014 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions) |
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| 3 Excess distributions carryover, if any, to 2014: | ||||
| a From 2009.......X | ||||
| b From 2010.......X | ||||
| c From 2011.......X | ||||
| d From 2012.......X | ||||
| e From 2013....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2014 distributable amount | ||||
|
i
Carryover from 2009 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2014 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2014 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
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|
6
Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
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|
7 Excess distributions carryover to 2015. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a From 2010.......X | ||||
| b From 2011.......X | ||||
| c From 2012.......X | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part I, Line 1 - Continuation Organization's Mission | to under-resourced communities in the San Francisco Bay Area. Renaissance's comprehensive programs and services respond to the multiple needs of diverse small business owners at every stage of business development, from idea feasibility to launch, sustainability and growth, while also directly addressing the societal, economic and personal challenges under-resourced individuals face as they strive to achieve economic independence. Our clients reflect the diversity of the Bay Area: 88% are very low- to moderate-income; 68% are women; 62% are people of color. In 2014, through our Centers in South of Market and Bayview Hunters Point in San Francisco, San Mateo County, and Marin County, Renaissance served 2,121 women and men who started and grew 658 businesses. We also added a fifth center in Richmond in Contra Costa County and built a business incubator in East Palo Alto. In 2014 Renaissance assumed the programs and services of Women's Initiative upon their closure, to ensure support for low-income, high potential Bay Area entrepreneurial women. Renaissance owns and/or manages over 47,000 square feet of commercial real estate that houses thriving small businesses, as well as the training classrooms and offices where our programs are conducted. We host over 70 small businesses and non-profit organizations around the Bay Area. The building we own in San Francisco's South of Market district is valued on the financial statements at $1.17M, however, it was appraised in 2012 at $5.8M. Primary Services: Renaissance provides services in English and Spanish for clients at all stages of business launch and development. Services include: Training Classes: At the heart of Renaissance's program is our award-winning curriculum taught by Renaissance-trained small business owners and staff. Curriculum is offered as 3-28 session (9-84 hour) practical, intensive, hands-on courses including Start Smart, Business Prep, Urban FIRE, Simple Steps (formerly provided by Women's Initiative), and Business Planning, often referred to as the mini-MBA due to the intensity of the curriculum as well as the business networks clients create. Workshops: Standalone, one- to three-part skill-building topical training workshops offer opportunities to increase specific business knowledge, network, and receive inspiration and guidance from successful entrepreneurs, including Renaissance graduate and peer businesses. Varied topics include Social Media, Accounting and Bookkeeping, Human Resources, Branding, etc. Individual Consulting: Delivered at Renaissance and onsite at clients' businesses by small business and industry experts, these customized sessions address topics such as sales, merchandising, marketing, management, finance, operations, strategic growth, etc. Access to Capital: Individual support to help clients become better financial managers of their businesses and to understand their growth options, as well as loan packaging to help clients secure capital for business launch and growth from banks, nonprofit loan funds, private sources, and crowdfunding. Business Incubation: onsite entrepreneurial communities at our SOMA, Bayview, Marin and East Palo Alto centers provide customized business development services, low-cost office space, consulting services, shared meeting rooms, office reception, utilities and other supports. Renaissance Marin features a commercial kitchen business incubator program. Women's Business Center (WBC): Renaissance is the U.S. Small Business Administration's San Francisco Women's Business Center, offering customized training for women entrepreneurs, industry-specific workshops, round tables, consultations, and our Successful Women in Business Speaker Series; Small Business Development Center (SBDC): Renaissance is the U.S. Small Business Administration's SBDC in Marin County, offering business training classes and workshops, and in-depth, counseling for existing businesses and start-ups with potential for above average job creation, revenue and profit growth, towards stimulating economic development in Marin County and beyond. Industry Specific Training: Customized training for entrepreneurs in the Construction, Food and Fashion sectors. Secure Futures/Futuros Seguros: A financial education and savings program providing training classes and individual coaching to help clients learn financial skills and develop new behaviors to better manage their personal and household finances, participate in the banking system, build and repair credit, and establish assets. Graduate Services: Advanced training and mentorship and networking to connect clients from all years of graduation and across all program locations. Renaissance's Impact: Renaissance received the 2014 Influential Organization Award from the San Francisco Small Business Network. Renaissance's impact is demonstrated by the success of our clients. Renaissance graduates are successfully establishing new businesses, creating employment for themselves and other residents, establishing economic self-sufficiency, developing communities and growing the Bay Area economy. A 2014 microTracker survey, conducted by the Aspen Institute's Fund for Innovation, Education, Learning and Dissemination (FIELD) program, noted the following for clients one year after receiving services: 52% who came to Renaissance in the pre-launch stage launched their businesses; 97% of clients who came to Renaissance in business, stayed in business; 40% of businesses employ two or more individuals; 98% highly valued our services; and 94% stated: "It would not have been possible to start or sustain a business without participating in Renaissance's programs." |
| Form 990, Part VI, Section B, line 11 | The 990 is reviewed by the Finance Manager, Managing Director and CEO on completion. It is then presented to the relevant Board committee prior to submission. |
| Form 990, Part VI, Section B, line 12c | A copy of the Conflict of Interest policy is provided to the Board of Directors and executive staff on an annual basis. The policy is also included in the employee manual and discussed with staff annually. |
| Form 990, Part VI, Section B, line 15 | The Executive Committee of the Board of Directors reviews the CEO's compensation annually and makes adjustments for the following fiscal year based on various factors: performance; comparability data visavis a similarly structured and sized nonprofit organization and other factors which result from the CEO's organizational leadership and stewardship. Any changes in compensation are approved in advance of implementation by the Executive Committee, a committee composed of individuals who have no conflict of interest with respect to Renaissance Entrepreneurship Center or the CEO. Renaissance has developed a salary range schedule to ensure that all staff are paid within appropriate ranges for their skills, expertise and the responsibilities of their positions. Each year, Renaissance cross-checks this salary range schedule as well as the CEO's compensation with numerous resources including the Compensation and Benefits Survey, the Center for Nonprofit Management's annual survey of local salary and benefits for nonprofit employers located in both Northern and Southern California. |
| Form 990, Part VI, Section C, line 19 | The CEO maintains a file which includes all of these documents and policies, which are available upon request. In addition, the annual financial audit and IRS Form 990 are attached to Renaissance's website. Two "sunshine" board meetings are held annually, at which the current financial statements are available to the public. |
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