TY 2020 Form 990EZ

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? SUPPORT EFFORTS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN LOW-INCOME COMMUNITIES ACROSS THE STATE OF CALIFORNIA THROUGH THE QUALIFIED OPPORTUNITY ZONE (QOZ) INCENTIVE ESTABLISHED BY THE UNITED STATES CONGRESS IN THE 2017 TAX CUTS AND JOBS ACT.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 QOZ EDUCATIONCALOZ PROVIDES MEMBERS WITH A RANGE OF EDUCATIONAL RESOURCES INTENDED TO ENHANCE THEIR QOZ-RELATED ACTIVITIES IN CALIFORNIA. THESE INCLUDE: (I) ACCESS TO A MONTHLY E-NEWSLETTER WITH UPDATES ON CALOZ PROGRAMS AND RECENT QOZ DEVELOPMENTS; (II) FACILITATED INTRODUCTIONS TO OTHER CALOZ MEMBERS WITH POTENTIAL TO OFFER TECHNICAL ASSISTANCE AND STRATEGIC PARTNERSHIP; (III) VISIBILITY AND PROMOTIONAL OPPORTUNITIES VIA CALOZ PLATFORMS (E.G. E-NEWSLETTER, WEBSITE, SOCIAL MEDIA, PRINTED COLLATERAL); AND (IV) ADDITIONAL SUPPORT, EXPERTISE, INFORMATION-SHARING, AND PROBLEM-SOLVING ASSISTANCE FROM CALOZ ON QOZ- RELATED MATTERS. THE SCOPE AND INTENSITY OF EDUCATIONAL RESOURCES PROVIDED VARIES BY MEMBERSHIP CLASS AND CONTRIBUTION LEVEL AS SPECIFICALLY SET FORTH IN LINE 7 BELOW. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN APRIL 2019 AND ANTICIPATES SPENDING APPROXIMATELY 40% OF OUR TIME AND EFFORTS ON THIS INITIATIVE. (Grants $ 103,450) If this amount includes foreign grants, check here ...			28a
29 CALOZ EVENTS AND CONVENINGSCALOZ IS DEDICATED TO BUILDING COMMUNITY AND AWARENESS AMONG THE BROAD RANGE OF STAKEHOLDERS ACTIVE IN CALIFORNIAS QOZ ECOSYSTEM, INCLUDING REPRESENTATIVES FROM QUALIFIED OPPORTUNITY FUNDS (QOFS); QOZ PROJECTS; LOCAL, STATE, AND FEDERAL PUBLIC AND QUASI-PUBLIC AGENCIES; PHILANTHROPIC, NONPROFIT, AND COMMUNITY ORGANIZATIONS; TAX, LEGAL, FINANCIAL SERVICES FIRMS; AND INDIVIDUAL QOZ COMMUNITIES. ACTIVITIES WITHIN THIS INITIATIVE INCLUDE PARTICIPATION IN QOZ-RELATED SPEAKING EVENTS; CALOZ-ORGANIZED "SPEAKER SERIES" EVENTS; INFORMATIONAL WEBCASTS AND CONFERENCE CALLS; AND AN ANNUAL SUMMIT. CALOZ MEMBERS RECEIVE PRIORITY ACCESS TO EVENT SPONSORSHIP OPPORTUNITIES, EVENTS WITH NO ADMISSION FEE, AND DISCOUNTS TO EVENTS WITH ADMISSION FEES. NON-MEMBERS MAY PARTICIPATE DEPENDING ON SPECIFIC EVENT GOALS AND AVAILABLE CAPACITY. CALOZ BEGAN CONDUCTING THIS PROGRAM IN APRIL 2019 AND ANTICIPATES SPENDING APPROXIMATELY 10% OF OUR TIME AND EFFORTS ON THIS INITIATIVE. (Grants $ 25,862) If this amount includes foreign grants, check here ...			29a
30 CALOZ STATE POLICY WORKING GROUPCALOZ IS FOCUSED ON PROMOTING SOUND OPPORTUNITY ZONE PUBLIC POLICY IN CALIFORNIA. IN DOING SO, WE SUPPORT POLICIES THAT ENCOURAGE QUALITY INVESTMENTS IN OPPORTUNITY ZONES THAT ACHIEVE A "TRIPLE BOTTOM LINE" CRITERIA OF STRONG ECONOMIC, SOCIAL AND ENVIRONMENTAL RETURNS. WE PURSUE THIS WORK VIA AN INVITATION-ONLY POLICY WORKING GROUP COMPRISED OF CALOZ MEMBERS REPRESENTING DIVERSE BUSINESS, GOVERNMENT, PHILANTHROPIC AND COMMUNITY ORGANIZATIONS. SPECIFIC ACTIVITIES OF THE POLICY WORKING GROUP INCLUDE: (A) REGULAR CALLS, EMAILS AND MEETINGS TO EXCHANGE UPDATES AND DISCUSS STRATEGY; (B) CALLS, LETTERS, EMAILS AND MEETINGS WITH ELECTED AND APPOINTED REPRESENTATIVES OF THE STATE OF CALIFORNIA PROVIDING INFORMATION, PERSPECTIVE AND POLICY RECOMMENDATIONS; (C) TESTIMONY AT PUBLIC HEARINGS AND EVENTS; AND (D) PERIODIC INFORMATIONAL BRIEFINGS TO BROADER MEMBERSHIP SEGMENTS AND NON-MEMBER AUDIENCES. CALOZ MAY RAISE FUNDS FROM TIME TO TIME TO RETAIN A PUBLIC AFFAIRS CONSULTANT TO ASSIST WITH THIS PROGRAM. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN APRIL 2019 AND ANTICIPATES SPENDING APPROXIMATELY 10% OF OUR TIME AND EFFORTS ON THIS INITIATIVE. (Grants $ 25,862) If this amount includes foreign grants, check here ...			30a
LOCAL CAPACITY BUILDINGCALOZ IS COMMITTED TO HELPING COMMUNITIES BUILD THE CAPACITY NEEDED TO LEVERAGE QOZ INVESTMENT TO FURTHER THEIR ECONOMIC AND COMMUNITY DEVELOPMENT GOALS. CALOZ HELPS CALOZ MEMBERS ENGAGE LOCAL COMMUNITY STAKEHOLDERS IN DESIGNING AND BUILDING STEADY PIPELINES OF QUALITY AND FUND-READY OPPORTUNITY ZONE INVESTMENTS. ON A FEE-FOR-SERVICE BASIS, CALOZ PLANS AND FACILITATES WORKSHOPS WITH REGIONAL LEADERS TO HELP CALOZ MEMBERS EDUCATE THEIR COMMUNITIES ABOUT QOZ BASICS, IDENTIFY DESIRED QOZ PROJECT TYPES AND OUTCOMES, AND DEVELOP IMPLEMENTATION PLANS TO SUPPORT DESIRED QOZ PROJECTS THROUGH THE DEVELOPMENT PROCESS. BOTH CALOZ MEMBERS AND NON-MEMBERS MAY ATTEND WORKSHOPS DEPENDING ON EVENT GOALS AND CAPACITY. OUR ORGANIZATION BEGAN CONDUCTING THIS PROGRAM IN JULY 2019 AND ANTICIPATES SPENDING APPROXIMATELY 40% OF OUR TIME AND EFFORTS ON THIS INITIATIVE. (Grants $ 103,450) If this amount includes foreign grants, check here ...
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	258,624

(a) Name and title

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-)

(d) Health benefits, contributions to employee benefit plans, and
deferred compensation

(e) Estimated amount
of other compensation

KUNAL MERCHANT

PRESIDENT/DIR.

30.00

DAVE SMITH

V.P./SEC./DIR.

20.00

MONISHA MERCHANT

TREASURER/DIR.

0.50

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

1(a) Name of disqualified person

(b) Relationship between disqualified person and organization

(d) Corrected?

Yes

(a) Name of interested person

(b) Relationship with organization

(d) Loan to or from the organization?

(e) Original principal amount

(f) Balance due

(g) In default?

(h) Approved by board or committee?

(i) Written agreement?

From

Yes

Total ............... Small Bullet

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Type of assistance

(e) Purpose of assistance

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Description of transaction

(e) Sharing of organization's revenues?

Yes

(1) KUNAL MERCHANT

PRESIDENT/DIR.

134,500

INDEPENDENT CONTRACTOR

(2) DAVE SMITH

V.P./SEC./DIR.

105,000

INDEPENDENT CONTRACTOR

Return Reference	Explanation
Other Revenue.1	REIMBURSED EXPENSE $576
Other Expenses.1003	Information Technology $1480
Other Expenses.1005	Travel $1073
Other Expenses.1007	Conferences, Conventions, and Meetings $213
Other Expenses.1012	Insurance $281
Other Expenses.1	SUB-CONSULTING SERVICES $38200
Other Expenses.2	FEES AND CHARGES $662
Other Expenses.3	MEALS AND ENTERTAINMENT $55
Other Expenses.4	TAXES AND LICENSES $10
Total Liabilities.1008	Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $120000

Return Reference

Explanation

Other Revenue.1

REIMBURSED EXPENSE $576

Other Expenses.1003

Information Technology $1480

Other Expenses.1005

Travel $1073

Other Expenses.1007

Conferences, Conventions, and Meetings $213

Other Expenses.1012

Insurance $281

Other Expenses.1

SUB-CONSULTING SERVICES $38200

Other Expenses.2

FEES AND CHARGES $662

Other Expenses.3

MEALS AND ENTERTAINMENT $55

Other Expenses.4

TAXES AND LICENSES $10

Total Liabilities.1008

Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $120000

1	Contributions, gifts, grants, and similar amounts received ....................	1	163,000
2	Program service revenue including government fees and contracts ................	2	2,450
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8	576
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	166,026

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	246,853
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	10
16	Other expenses (describe in Schedule O) ...................	16	41,974
17	Total expenses. Add lines 10 through 16 .................	17	288,837

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-122,811
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	69,634
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	-53,177

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	20011551
Software Version:	2020v4.0

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) KUNAL MERCHANT	PRESIDENT/DIR.	134,500	INDEPENDENT CONTRACTOR		No
(2) DAVE SMITH	V.P./SEC./DIR.	105,000	INDEPENDENT CONTRACTOR		No