GROWTH FACTORY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GROWTH FACTORY (EIN 61-1999178)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-10
- IRS object ID
- 202442549349300149
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-10T14:33:11-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 821221665 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COOK CPA GROUP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3400 DOUGLAS BLVD STE 210 | AddressLine1Txt |
| City | ROSEVILLE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95661 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611999178 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GROWTH FACTORY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GROW | BusinessNameControlTxt |
| Phone | 9253239351 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4465 GRANITE DRIVE SUITE 700 | AddressLine1Txt |
| City | ROCKLIN | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95677 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK HANEY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9253239351 | PhoneNum |
| Signature | 2024-08-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EVELYN R COOK | PreparerPersonNm |
| PTIN | P00621827 | PTIN |
| Phone | 9167241665 | PhoneNum |
| Preparation | 2024-08-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MONIQUE BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4465 GRANITE DRIVE SUITE 700 | AddressLine1Txt |
| City | ROCKLIN | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95677 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $855,922 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | GROWTHFACTORY.US | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE EARLY STAGE ENTREPRENURS FROM NOTHERN CALIFORNIA WITH ACCESS TO CAPITAL, CAPACITY BUILDING PROGRAMS, AND A COMMUNITY OF EXPERT RESOURCES TO SUPPORT THE GROWTH AND SUCCESS OF THEIR COMPANIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $321,863 | PYContributionsGrantsAmt |
| CY Contributions Grants | $700,779 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $109,410 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $155,143 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $431,273 | PYTotalRevenueAmt |
| CY Total Revenue | $855,922 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $51,051 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $165,051 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $243,243 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $204,570 | PYOtherExpensesAmt |
| CY Other Expenses | $426,273 | CYOtherExpensesAmt |
| PY Total Expenses | $369,621 | PYTotalExpensesAmt |
| CY Total Expenses | $720,567 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $61,652 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $135,355 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $86,921 | TotalAssetsBOYAmt |
| Total Assets EOY | $218,378 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,269 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,371 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $67,652 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $203,007 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PROVIDE EARLY STAGE ENTREPRENURS FROM NOTHERN CALIFORNIA WITH ACCESS TO CAPITAL, CAPACITY BUILDING PROGRAMS, AND A COMMUNITY OF EXPERT RESOURCES TO SUPPORT THE GROWTH AND SUCCESS OF THEIR COMPANIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $718,766 | ExpenseAmt |
| Grant | $51,051 | GrantAmt |
| Desc | IN 2023, THE GROWTH FACTORY CONTINUED TO OFFER PROGRAMMING FOCUSED ON SUPPORTING HIGH GROWTH VENTURE BACKABLE STARTUPS ENGAGING AND SUPPORTING 100+ COMPANIES. WE HOSTED 22 ACCELERATOR EVENTS & PROGRAM SESSIONS INCLUDING: INVESTMENT READINESS SERIES, FOUNDER FORUMS, NETWORKING HAPPY HOURS, AND A BACKYARD BASH TO CELEBRATE THE GROWING ECOSYSTEM. THE GROWTH FACTORY ALSO HOSTED OUR 2ND ANNUAL VENTURE CONFERENCE AND STARTUP SHOWCASE THAT ATTRACTED 1000 ATTENDEES AND INCLUDED 60 TRADESHOW PARTICIPANTS, 64 SPEAKERS WHO SHARED THEIR KNOWLEDGE AND INSIGHTS WITH OUR COMMUNITY, AND 40 STARTUP PRESENTERS WHO HAD THE OPPORTUNITY TO SHOWCASE THEIR COMPANIES AND CONNECT WITH INVESTORS AND CUSTOMERS. THE GROWTH FACTORY CONTINUED ITS PARTNERSHIP WITH THE CITY OF ROSEVILLE OPERATING THE ROSEVILLE VENTURE LAB, AN EVENT AND DROP-IN COWORKING SPACE, HOSTING APPROXIMATELY 120 MEETINGS AND EVENTS AND ATTRACTED 3800 VISITS FOR THE YEAR. ALONG WITH THE SPACE, WE ALSO CONTINUED TO RUN ROSEVILLE RISING INNOVATION PROGRAM WITH THIS YEARS COHORTS FOCUSED ON HIGH SCHOOL STUDENTS AND SOCIAL IMPACT ENTREPRENEURS. THE GROWTH FACTORY ALSO DESIGNED AND EXECUTED A YEAR-LONG PROGRAM TO SUPPORT SMALL BUSINESSES FORM THE CITY OF ROCKLIN IN A PROGRAM CALLED BUILD UP ROCKLIN. THIS INCLUDED MANAGING THE DISTRIBUTION OF GRANTS TO THE SMALL BUSINESS PARTICIPANTS. FINALLY, THE GROWTH FACTORY ALSO SERVED AS ENTREPRENEUR IN RESIDENCE AT SIERRA COLLEGE AND WORKED WITH THE FACULTY TO SUPPORT THE DEVELOPMENT OF THE ENTREPRENEURIAL MINDSET, SKILLSET, AND TOOLSET ACROSS CAMPUS. | Desc |
| Total Program Service Expenses | $718,766 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TAMI STEINKAMP | PersonNm |
| Phone | 9165431311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4465 GRANITE DRIVE | AddressLine1Txt |
| Address Line2 | SUITE 700 | AddressLine2Txt |
| City | ROCKLIN | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95677 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| MONIQUE BROWN | |||||
| SECRETARY | 40.00 | Yes (X) | $150,000 | $0 | $0 |
| MARK HANEY | |||||
| PRESIDENT | 5.00 | Yes (X) | $0 | $0 | $0 |
| RICK SPENCER | |||||
| TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $150,000 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $382,990 | GovernmentGrantsAmt |
| All Other Contributions | $317,789 | AllOtherContributionsAmt |
| Total Contributions | $700,779 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GFX CONFERENCE | Desc |
| Business | 611430 | BusinessCd |
| Total Revenue Column | $155,143 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $155,143 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $155,143 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $855,922 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $155,143 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,051 | TotalAmt |
| Program Services | $51,051 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
| Program Services | $150,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,010 | TotalAmt |
| Program Services | $71,010 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,246 | TotalAmt |
| Program Services | $4,246 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,987 | TotalAmt |
| Program Services | $17,987 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,363 | TotalAmt |
| Program Services | $34,363 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800 | TotalAmt |
| Program Services | $800 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,488 | TotalAmt |
| Program Services | $6,488 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,433 | TotalAmt |
| Program Services | $98,433 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,172 | TotalAmt |
| Program Services | $23,172 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,292 | TotalAmt |
| Program Services | $6,491 | ProgramServicesAmt |
| Management And General | $1,801 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,733 | TotalAmt |
| Program Services | $5,733 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,416 | TotalAmt |
| Program Services | $36,416 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,190 | TotalAmt |
| Program Services | $6,190 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,722 | TotalAmt |
| Program Services | $174,722 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,925 | TotalAmt |
| Program Services | $8,925 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| OTHER EXPENSES | $5,725 | $5,725 |
| BAD DEBT | $5,500 | $5,500 |
| PERSONNEL TRAINING EXPENS | $5,000 | $5,000 |
| QUICKBOOKS PAYMENTS FEES | $3,300 | $3,300 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,214 | TotalAmt |
| Program Services | $3,214 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,567 | TotalAmt |
| Program Services | $718,766 | ProgramServicesAmt |
| Management And General | $1,801 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,826 | BOYAmt |
| EOY | $195,120 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,263 | BOYAmt |
| EOY | $7,416 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,832 | BOYAmt |
| EOY | $15,842 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,921 | BOYAmt |
| EOY | $218,378 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,912 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,357 | BOYAmt |
| EOY | $15,371 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,269 | BOYAmt |
| EOY | $15,371 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,652 | BOYAmt |
| EOY | $203,007 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,652 | BOYAmt |
| EOY | $203,007 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,921 | BOYAmt |
| EOY | $218,378 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $135,355 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $6,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $321,863 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $700,779 | CurrentTaxYearAmt |
| Total | $1,028,642 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $109,410 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $155,143 | CurrentTaxYearAmt |
| Total | $264,553 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $6,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $431,273 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $855,922 | CurrentTaxYearAmt |
| Total | $1,293,195 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $1,293,195 | PublicSupportTotal509Amt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $6,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $431,273 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $855,922 | CurrentTaxYearAmt |
| Total | $1,293,195 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 1.00000 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OTHER RECEIVABLE | $8,796 |
| SECURITY DEPOSITS | $7,046 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $15,842 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| PAYROLL LIABILITIES | $11,963 |
| CREDIT CARDS | $3,242 |
| FEDERAL UNEMPLOYMENT (940) | $166 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,371 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|---|
| RELENTLESS MEDIA AGENCY | ||||||
| FBO WEST COAST FUSION ELITE | 2221 W PECOS RD STE 2 | CHANDLER | AZ | 85224 | 882099539 | $9,000 |
| LEE & KATHY'S KITCHEN | ||||||
| 6562 POWDER RIDGE DRIVE | ROCKLIN | CA | 95765 | 472843917 | $5,322 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE GROWTH FACTORY USES A ONE-YEAR COHORT BASED PROGRAM AND 1:1 COACHING THAT SUPPORTS FOUNDERS IN IDENTIFYING KEY GOALS AND THEN ALIGNING USE OF FUNDS TO THEIR BUSINESS GROWTH OBJECTIVE. THE GROWTH FACTORY CONDUCTS ONGOING CHECK-INS (2-3 TIMES PER YEAR) WITH ANNUAL REPORTING REQUESTS ON PERFORMANCE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4A | IN 2023, THE GROWTH FACTORY CONTINUED TO OFFER PROGRAMMING FOCUSED ON SUPPORTING HIGH GROWTH VENTURE BACKABLE STARTUPS ENGAGING AND SUPPORTING 100+ COMPANIES. WE HOSTED 22 ACCELERATOR EVENTS & PROGRAM SESSIONS INCLUDING: INVESTMENT READINESS SERIES, FOUNDER FORUMS, NETWORKING HAPPY HOURS, AND A BACKYARD BASH TO CELEBRATE THE GROWING ECOSYSTEM. THE GROWTH FACTORY ALSO HOSTED OUR 2ND ANNUAL VENTURE CONFERENCE AND STARTUP SHOWCASE THAT ATTRACTED 1000 ATTENDEES AND INCLUDED 60 TRADESHOW PARTICIPANTS, 64 SPEAKERS WHO SHARED THEIR KNOWLEDGE AND INSIGHTS WITH OUR COMMUNITY, AND 40 STARTUP PRESENTERS WHO HAD THE OPPORTUNITY TO SHOWCASE THEIR COMPANIES AND CONNECT WITH INVESTORS AND CUSTOMERS. THE GROWTH FACTORY CONTINUED ITS PARTNERSHIP WITH THE CITY OF ROSEVILLE OPERATING THE ROSEVILLE VENTURE LAB, AN EVENT AND DROP-IN COWORKING SPACE, HOSTING APPROXIMATELY 120 MEETINGS AND EVENTS AND ATTRACTED 3800 VISITS FOR THE YEAR. ALONG WITH THE SPACE, WE ALSO CONTINUED TO RUN ROSEVILLE RISING INNOVATION PROGRAM WITH THIS YEARS COHORTS FOCUSED ON HIGH SCHOOL STUDENTS AND SOCIAL IMPACT ENTREPRENEURS. THE GROWTH FACTORY ALSO DESIGNED AND EXECUTED A YEAR-LONG PROGRAM TO SUPPORT SMALL BUSINESSES FORM THE CITY OF ROCKLIN IN A PROGRAM CALLED BUILD UP ROCKLIN. THIS INCLUDED MANAGING THE DISTRIBUTION OF GRANTS TO THE SMALL BUSINESS PARTICIPANTS. FINALLY, THE GROWTH FACTORY ALSO SERVED AS ENTREPRENEUR IN RESIDENCE AT SIERRA COLLEGE AND WORKED WITH THE FACULTY TO SUPPORT THE DEVELOPMENT OF THE ENTREPRENEURIAL MINDSET, SKILLSET, AND TOOLSET ACROSS CAMPUS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A FINAL PREPARED FORM 990 IS DISTRIBUTED TO ALL DIRECTORS PRIOR TO FILING WITH THE IRS. THE BOARD REVIEWS THE FORM 990 PRIOR TO ITS BEING FILED. |
| FORM 990, PAGE 6, PART VI, LINE 19 | REQUEST TO REVIEW DOCUMENTS CAN BE MADE EITHER BY PHONE CALL OR EMAIL. |
| FORM 990, PART IX, LINE 11G | CONTRACT & PROFESSIONAL FEES 98,433 0 0 |
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