Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (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 |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (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) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 3,857,585 | 2,798,662 | 2,868,743 | 2,281,102 | 3,068,585 | 14,874,677 |
| 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 | 530,611 | 523,636 | 568,025 | 572,381 | 587,063 | 2,781,716 |
| 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 | 4,388,196 | 3,322,298 | 3,436,768 | 2,853,483 | 3,655,648 | 17,656,393 |
| 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.) | 17,656,393 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 4,388,196 | 3,322,298 | 3,436,768 | 2,853,483 | 3,655,648 | 17,656,393 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 1,470 | 277 | 80 | 34 | 1,861 | |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 1,470 | 277 | 80 | 34 | 1,861 | |
| 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.) .. | 9,124 | 3,396 | 10,097 | 11,350 | 33,967 | |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 4,389,666 | 3,331,699 | 3,440,164 | 2,863,660 | 3,667,032 | 17,692,221 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 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) |
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| 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): |
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| 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 | ||||
| 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 |
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| 9 Distributable amount for 2018 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-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| 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.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 1 | Bringing the Power of Entrepreneurship to Disadvantaged Individuals and Communities: Renaissance Entrepreneurship Center (Renaissance, www.rencenter.org) is a not-for-profit social impact organization working at the intersection of social, racial and economic justice. Our work demonstrates that through small business ownership, individuals who face systemic barriers to economic opportunity due to gender, sexual orientation, race, income level, immigration status, or former incarceration can achieve economic mobility, create better futures for themselves and their families, and play pivotal roles in building local economic prosperity. Renaissance delivers comprehensive English and Spanish-language entrepreneurship training, access to capital, special programs for women, and ongoing support that directly addresses the challenges disadvantaged communities face as they strive to achieve economic mobility. Renaissance clients graduate with the technical and soft business skills, business acumen, and supportive networks that all entrepreneurs need - and deserve - to build assets and create better futures for themselves, their families and communities. Annually, Renaissance delivers small business training and support services to more than 1,500 lower-income Bay Area individuals who, in turn, launch and grow more than 500 businesses, access over $1 million in capital, and create employment for as many as 750 local residents. Our clients are: 89% low- to moderate-income; 75% women; 76% people of color; 32% immigrants, 12% LGBTQ and 9% people with disabilities. Renaissance reaches deeply into some of the Bay Area's most under-resourced communities, delivering services through our four Centers: South of Market and Bayview Hunters Point in San Francisco, Richmond in Contra Costa County, and East Palo Alto in San Mateo County, as well as off-site services in Oakland, San Jose and East Contra Costa County. Our Centers not only remove geographic barriers to participation, they also build community and foster collaboration among business owners. Each center is designed to be responsive to community needs, offering accessible and affordable skills training, resources, and networks that help residents launch and grow sustainable businesses. Our impact: Renaissance's work demonstrates that through customized small business training and support, individuals who face systemic barriers to economic opportunity can change the trajectory of lives, achieve economic mobility, and play pivotal roles in building local economy prosperity. Our impact is demonstrated by our clients' success. According to our 2018 Entrepreneur Tracker evaluation, an independent survey conducted by the Aspen Institute: 68% of pre-business clients launched successfully in just one year 94% who came to Renaissance in business, stayed in business 68% of owners met their income goals and household incomes increased by 28% 45% of businesses employed others; on average each business supports three jobs with an average employee hourly wage of $25.5/hour. 94% of clients said Renaissance services completely or mostly met their expectations. The Bay Area reflects among the most extreme disparities of wealth in the country, and the risk of falling through the cracks is worsening by the day for people of color, women, individuals with lower-income, immigrants and the formerly incarcerated. Through small business ownership, our clients are breaking that cycle by building better futures for themselves, their families and communities. Since our launch in 1985, Renaissance has served over 29,000 individuals who have started and grown over 12,500 businesses, created more than 18,750 jobs, built financials assets, and contributed to local economic vitality. Renaissance owns and/or manages over 47,000 square feet of commercial real estate that hosts over 70 thriving small businesses and community-serving organizations. The building Renaissance owns in South of Market San Francisco was appraised in 2012 at $5.8 million. |
| Form 990, Part VI, Section B, line 11b | The 990 is reviewed by the Finance Director, 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 for similarly-structured and sized nonprofit organizations 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 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 position. Renaissance reviews this salary schedules as well as the CEO's compensation against numerous resources including the Fair Pay for Northern California Nonprofit Survey, Glassdoor and Salary.com. |
| 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. |
| Form 990, Part IX, line 11g | Professional fees: Program service expenses 12,164. Management and general expenses 8,608. Fundraising expenses 625. Total expenses 21,397. Consultants & Instructors: Program service expenses 687,963. Management and general expenses 190. Fundraising expenses 0. Total expenses 688,153. |
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