California Emerging Technology Fund

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California Emerging Technology Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

California Emerging Technology Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around California Emerging Technology Fund in one place.

Is California Emerging Technology Fund Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Turn this Form 990 profile into a donor-ready report

Request a concise report for California Emerging Technology Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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California Emerging Technology Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About California Emerging Technology Fund

California Emerging Technology Fund (EIN: 205184429) is a nonprofit organization based in Concord, CA, classified under NTEE code S19. The organization reported total revenue of $3.9M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of California Emerging Technology Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

California Emerging Technology Fund is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.6%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, California Emerging Technology Fund reported a deficit of $7.9M with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), California Emerging Technology Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates California Emerging Technology Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, California Emerging Technology Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $7.9M, with expenses exceeding revenue.
• Debt-to-asset ratio: 2.2%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with expenses often exceeding $5 million annually. This suggests either that officers are unpaid volunteers, or their compensation is covered by a related entity, which would require further disclosure to fully assess.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of California Emerging Technology Fund's IRS 990 filings:

• Consistent negative net income (expenses exceeding revenue) in most recent years, leading to asset depletion.
• Significant decline in assets from $50.4M in 2020 to $18.7M in 2024.
• Highly volatile revenue streams, making financial planning and sustainability challenging.
• Unusual 0% officer compensation reported, which may obscure true administrative costs if paid by a related party.

Strengths

The following positive indicators were identified for California Emerging Technology Fund:

• Historically strong asset base, though currently declining.
• Significant program spending capacity when large grants are received, as evidenced by high expense levels.
• Clear reporting of 0% officer compensation, indicating transparency on that specific line item.

Frequently Asked Questions about California Emerging Technology Fund

Filing History

IRS 990 filing history for California Emerging Technology Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), California Emerging Technology Fund's revenue has declined by 49.7%, moving from $5.3M to $2.7M. Total assets decreased by 41% over the same period, from $31.8M to $18.8M. Total functional expenses rose by 70.9%, from $6.2M to $10.6M. In its most recent filing year (2024), California Emerging Technology Fund reported a deficit of $7.9M, with expenses exceeding revenue. The organization holds $408K in liabilities against $18.8M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $18.4M.

Year-by-Year Financial Summary

• 2024: Revenue of $2.7M, expenses of $10.6M, and assets of $18.8M (revenue -25.5% year-over-year).
• 2023: Revenue of $3.6M, expenses of $9.5M, and assets of $27.1M (revenue +186.2% year-over-year).
• 2022: Revenue of $1.2M, expenses of $9.6M, and assets of $35.3M (revenue +392.9% year-over-year).
• 2021: Revenue of $253K, expenses of $7.9M, and assets of $44.2M (revenue -99.3% year-over-year).
• 2020: Revenue of $35.2M, expenses of $8.2M, and assets of $50.5M (revenue +50246.2% year-over-year).
• 2019: Revenue of $70K, expenses of $6.5M, and assets of $22.9M (revenue +23.9% year-over-year).
• 2018: Revenue of $56K, expenses of $6.4M, and assets of $28.9M (revenue -99.8% year-over-year).
• 2017: Revenue of $32.8M, expenses of $5.5M, and assets of $34.7M (revenue +7233.2% year-over-year).
• 2016: Revenue of $447K, expenses of $4.2M, and assets of $8.3M (revenue -16.1% year-over-year).
• 2015: Revenue of $532K, expenses of $4.2M, and assets of $14.4M (revenue +30.4% year-over-year).
• 2014: Revenue of $408K, expenses of $7.2M, and assets of $20.3M (revenue -81.2% year-over-year).
• 2013: Revenue of $2.2M, expenses of $9.2M, and assets of $26.2M (revenue -58.9% year-over-year).
• 2012: Revenue of $5.3M, expenses of $6.2M, and assets of $31.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for California Emerging Technology Fund:

Data Sources and Methodology

This transparency report for California Emerging Technology Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.