2024-03-30T13:23:04-05:00 2022-12-31 475525639 TANDEM LLP 446 Old County Road Suite 100-140 Pacifica CA 94044 990 2022-01-01 465306699 INCO Community Inc FKACALSO Community Inc CALS 4155798301 548 Market Street PMB 67678 San Francisco CA 94104 Nicolas Hazard President 4155798301 2024-03-29 1 Nicolas Hazard 999009999 0 Lynn Henley P00356034 6503509805 2024-03-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Nicolas Hazard 548 Market Street PMB 67678 San Francisco CA 94104 2326136 0 X inco.us.org X 2014 CA To empower each and every individual to reach their potential. 8 8 3 10 0 0 10420742 2324772 0 0 2074 1364 0 0 10422816 2326136 3645397 8574425 0 0 107265 223255 0 0 0 554743 748984 4307405 9546664 6115411 -7220528 9763771 1247593 1796376 500726 7967395 746867 X INCO Community, Inc. (formerly Calso Community, Inc.) or "INCO US" is a 501(c)(3) nonprofit organization whose mission is to break the greatest barriers disadvantaged and marginalized populations face on their journey to success. Whether these challenges are linked to access to quality education, livable jobs, primary healthcare or affordable housing, INCO US aspires to empower each and every individual to reach their full potential so they can thrive. Our double-bottom-line approach is based on innovative, sustainable business models to address today's greatest social and environmental issues.Since its creation, INCO US has been working on two main verticals:- Workforce development programs to address the unemployment issue in the Bay Area by reducing the skills gaps with programs that provide educational and employment services to those in need. - Support social entrepreneurs and nonprofit organizations through accelerators. 0 0 7910515 8109425 Social Tides (Google)With the help of the Google.org Fund and Social Tides Foundation, Inco was able to establish a Solutions Fund programme destined to further Europe's social Economy.The fund developed two tracks for aspiring social entrepreneurs, the Aspire Track and the Grow Track.Whereas the Aspire Track is a short term involvement with potential entrepreneurs, the Grow Track accompanies them longer, more intensively.Based on the current success an additional two countries are about to start their own local programs.Due to the nature of each program, the Aspire Track provides a two month involvement with the entrepreneurs in their respective countries assisting with business knowledge and shaping their business idea or product.The Gow Track however provides an eight month paneuropean program that involves the candidates in creating active steps to furthering their business and provides them with an even more nurturing environment. Each participant gains among other things viable business experience and networking opportunities by collaborating with their cohort.Both programs also provide financial aid to graduates after completion to ensure the best potential outcome for the entrepreneurs . So far the financial impact amounts to 209 000. On average each participant received 5 650 per so far.The Grow Program counts 33 participants from 12 countries who are currently still enrolled until March 2023.As for the Aspire Program, 37 graduated with 57% being female entrepreneurs. 508286 Work in Tech IndonesiaInco's Work in Tech Indonesia program was launched in partnership with Plan International's local group in December 2021 for a duration of 16 months with funds provided by the Google.org Fund.Its focus is to provide people with knowledge in the IT field to help them secure an advantage on the job market. The students, who are represented by a large majority of vocational students from rural areas with a low income potential, therefore gain vital information in a field that will take a gradually larger part for every type of job in the future. In Addition the program provides them with the choice of specialization in a soaring IT field (digital marketing, data or web development) as well as soft skills training. After the end of their study Working in Tech offers a work placement scheme which accompanies the students individually during their placements in a partner company. Work in Tech but also its main partner, the Google Fund, organize job events to match interested companies with their alumni. So far the program is ahead of schedule with already having achieved 75% of its target training 10.000 students.Many of them, 42% to be exact, have already graduated and a third of graduates were able to find a work placement or further study. 941246 465000 Australia TechIn November 2019, INCO launched INCO Academy across Australia, France, Germany, Ireland and the United Kingdom which has seen such success that it is currently expanding to Poland and Luxemburg.Today multiple benefactors such as the Google.org Fund, Atlassian and Accenture participate in funding tech schemes in Australia.The program's goal is to democratize tech skills and thus level the global playing field. In Australia this path started with a module called GetintoTech which is a 4-week bootcamp that helps participants to discover the sector and its opportunities. Further modules such as InCode, InMarketing or in UX Design provide applied learning courses to students. In addition students also receive courses furthering their soft skills and cultural knowledge to better adapt to their working environment. Today IT skills become increasingly important however green digital skills are very high in demand as well. Inco Academy therefore partnered with giants Microsoft, Linkedin and Credit Suisse to equip learners with a Green Digital Skills Certification to further their careers.Inco Academy in Australia is proud to help a 60% female student population which are mainly refugees, first generation or First Nation students and to provide a placement scheme for students who completed their course. So far 301 students graduated from a course offered by Inco Academy Australia and 80 graduates (26%), were being matched with Startup companies. 9360047 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 4 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X Thibault Kheres 3185736252 3 boulevard Saint-Martin Paris FR 75003 Nicolas Hazard President & CEO 3.00 X X 0 0 0 Brian Walsh Chairman of the Board 1.00 X X 0 0 0 Jeremy Wallenberg Board Member 1.00 X 0 0 0 Mawuena Tendar Board Member/Board Secreta 1.00 X X 0 0 0 Paul Ferrari as of 1 Oct 2020 Board Member 1.00 X 0 0 0 Megan Kum as of 1 Oct 2020 Board Member 1.00 X 0 0 0 Natasha Christensen as of 1 Oct 202 Board Member 1.00 X 0 0 0 Thibault Kheres Chief Financial Officer 1.00 X 0 51814 0 0 51814 0 0 0 0 0 0 2324772 2324772 1364 1364 2326136 0 0 1364 8574425 8574425 51814 51814 171441 171441 33288 33288 7525 7525 7400 7400 207 207 1176 19 1157 116242 116242 696 696 1481 1481 Program Contracts 561504 561504 Travel 9091 9091 Web Hosting and Website 5123 5123 Mailing Services 2156 2156 3095 844 2251 9546664 9360047 186617 0 8315802 1060836 695102 95169 500000 250000 5216 3592 1460 1624 1407 89964 9763771 1247593 3507 14504 326797 486222 1466072 0 1796376 500726 X 600696 -78283 7366699 825150 7967395 746867 9763771 1247593 -7220528 0 X X 0 1 X 1 0 X 244912 1083185 4336685 10420742 2324772 18410296 244912 1083185 4336685 10420742 2324772 18410296 2588031 15822265 445 633 201 1392 67 2738 18413034 149663 0.85930 0.83180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5216 3592 1624 1624 Other Assets 54620 Interest Receivable 1319 Prepayments 34025 89964 X 2326136 0 2326136 0 2326136 9546664 0 9546664 0 9546664 Part X, Line 2: The Organization is a nonprofit corporation that is exempt from the payment of income taxes under Internal Revenue Code Section 501(c)(3) and the California Revenue and Tax Code Section 23701(d). Accordingly, no provision fhas been made for income taxes. The Organization evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if tax positions were more likely than not to be sustained upon examination. Management has evaluated the Organization's tax positions and believes there are no uncertain tax positions required to be recorded or disclosed for the year-end. 1 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 The Organization made grants of $8,109,425 to INCO.ORG. 8109425 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 The Organization made grants of $465,000 to INCO Australia 465000 East Asia and the Pacific 0 0 The Organization spent $545,900 on charitable activities during 2022. 545900 0 0 0 0 0 0 9120325 0 9120325 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium To provide general support for the charitable activities of INCO.org 8109425 Wire 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, To provide general support for the charitable activities of INCO Australia 465000 Wire 0 2 2 0 0 0 0 0 0 Part I, Line 2: The Organization and the grantess are part of a group of Organizations created for the same purpose. There is complete transparency and shared management so that the use of all funds from or to the related organizations is known to all parties. Part I, line 3: The Organization and the grantess are part of a group of Organizations created for the same purpose. There is complete transparency and shared management so that the use of all funds from or to the related organizations is known to all parties. Part III Accounting Method: Nicolas Hazard Founder 169564 During 2022, INCO Community paid $169,564 and in royalities to INCO.org. In 2020, the Organization entered into a 2-year Trademark License Agreement with INCO Holding, which is the holding company for the INCO Group. The sole shareholder of INCO Holding is the Organization's President. The agreement allows the Organization to operate under the INCO brand for a 2-year period, after which it automatically renews for additional 2-year periods, at most, 4 consecutive times, unless either party terminates the agreement at least 3 months prior to the end of one of the 2-year periods.Under the terms of the agreement, the Organization must pay a royalty of 5% of gross revenues or a minimum of $20,000. Royalty expense totaled $116,242, $521,037 and $273,016 for the years ended December 31, 2022, 2021 and 2020, respectively. Prepaid royalties in 2022 were $53,322. INCO Holding is owned by Nicolas Hazard. 1 Form 990, Part VI, Section B, line 11b The Form 990 was prepared by an independent CPA. The completed Form 990 was sent to the Board Secretary/Chief Operating Officer for review. The reviewed Form 990 was provided to the entire Board prior to filing. Form 990, Part VI, Section C, line 19 The Organization's Form 990 is available upon request. The Organization's policies with regard to the disclosure of its governing documents and other filings is in complete compliance with federal and California law. Form 990, Part XII, Line 2 The audit committee's process has not changed since the prior year. Page 1, Item B Amended Return The return is being amended to reflect to amounts reported in the Organization's audited financial statements. The originally filed return was prepared and filed prior to the completion of the financial statement audit. As a result of the audit, there were two main changes: the grants expense amount was increased from $8,415,000 to $8,574,425 and the program contracts expense amount was reduced from $1,452,010 to $562,504. There were also a few small changes to other accruals. INCO Australia LTD 81-83 Campbell Street surrey hills AS Individual Empowerment AS Foreign Equivalent 0 INCOorg 3 Boulevard Saint-Martin Paris FR 75003 Individual Empowerment FR C 0 INCO Holding 3 Boulevard Saint-Martin Paris FR 75003 Individual Empowerment FR C 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 INCOorg B 8109425 Amount paid INCO Australia B 465000 Amount paid INCO Holding K 224092 Allocated based on time INCOorg O 51814 Allocated based on time