2023-05-22T13:23:34-05:00 2021-12-31 475525639 TANDEM LLP 446 Old County Road Suite 100-140 Pacifica CA 94044 990 2021-01-01 465306699 INCO Community Inc FKACALSO Community Inc CALS 4155798301 548 Market Street PMB 67678 San Francisco CA 94104 Nicolas Hazard President 4155798301 2023-05-22 1 Nicolas Hazard 999009999 Lynn Henley P00356034 6503509805 2023-05-22 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X Nicolas Hazard 548 Market Street PMB 67678 San Francisco CA 94104 10422816 0 X inco.us.org X 2014 CA To empower each and every individual to reach their potential. 7 7 1 10 0 0 5007351 10420742 0 0 201 2074 0 0 5007552 10422816 3436975 3645397 0 0 92541 107265 0 0 0 536677 554743 4066193 4307405 941359 6115411 3479996 9763771 737505 905869 2742491 8857902 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 1500000 1500000 PROGRAM - Social Tides / Start Social (Tides Foundation)With the help of 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.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 3111 0 PROGRAM - 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 INCO.ORG and Tides Foundation.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. 465000 465000 PROGRAM - AUSTRALIA TECH With support from Tides Foundation, 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. 1699689 1600000 0 PROGRAM VERIZON ACADEMYIn November 2019, INCO launched the INCO Academy across Australia, France, Germany, Ireland and the United Kingdom. What started as a blend of in person training, at-home modules, and in person soft skills workshops, quickly transitioned to completely virtual learning with the emergence of the global pandemic. The goal of INCO Academy, which still operates across all 5 countries and has since expanded into Poland and Luxembourg, is to introduce individuals far from the tech sector to the opportunities and options within IT. 80397 80397 0 PROGRAM POW'HER IN TECH (CHANEL)INCO launched the Pow'Her in Tech in 2019 with the support of the Fondation Chanel. This program aims to promote the inclusion of individuals in the tech sector who identify as women and/or are gender non-conforming.In 2020, the Pow'Her in Tech campaign connected with thousands of women in 6 countries to promote best practices and recommendations on how to overcome gender-bias and discrimination in the tech sector. 5115 0 50000 PROGRAM TARMAC TXIn January 2015, INCO US launched Tarmac TX with support from the 3M Foundation. Tarmac TX is an Austin, Texas based incubation program that offers three- and nine-months tuition free accelerator programs to entrepreneurs who leverage technology to address social and environmental issues. 1785201 1680397 50000 3753312 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 Douglas Jutte thru 26 Oct 2020 Board Member 1.00 X 0 0 0 Colette Auerswald thru 26 Oct 2020 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 X 10420742 10420742 2074 2074 10422816 0 0 2074 X 3645397 3645397 51814 51814 55451 55451 7650 7650 13789 114 13675 1999 1999 521037 521037 2900 2900 816 816 1124 1124 757 757 Travel 2095 2095 Mailing Services 1238 1238 Web Hosting and Website 542 542 Payroll Fees 536 536 260 260 4307405 3753312 554093 0 X 2728424 8315802 745029 695102 500000 250000 759 0 4356 2896 2084 1460 500 0 3200 1407 3479996 9763771 218089 3507 246400 326797 0 273016 575565 737505 905869 X 601196 600696 2141295 8257206 2742491 8857902 3479996 9763771 6115411 0 X X 0 1 X 1 0 X 109900 244912 1083185 4336685 10420742 16195424 109900 244912 1083185 4336685 10420742 16195424 2720913 13474511 236 445 633 201 1392 2907 16198331 347908 0.83180 0.56840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4356 2896 1460 1460 Royalties Payable 575565 575565 X 10422816 0 10422816 0 10422816 4307405 0 4307405 0 4307405 Part X, Line 2: The Organization is a nonprofit corporation that is exempt from the payment of income taxes under Internal Revenue Code Section 50l(c)(3) and the California Revenue and Taxation Code Section 2370l(d). Accordingly, no provision has 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 positions required to be recorded or disclosed for the years ended December 31, 2021 and 2020. By statute, the Organization's federal and state income tax returns generally remain subject to examination by taxing authorities for three and four years, respectively, from the date the return is filed. 1 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 The Organization made grants of $3,180,397 to INCO.ORG. 3180397 East Asia and the Pacific 0 0 The Organization made grants of $465,000 to INCO Australia 465000 0 0 0 0 0 0 3645397 0 3645397 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium To provide general support for the charitable activities of INCO.org 3180397 Wire 0 East Asia and the Pacific To provide general support for the charitable activities of INCO Australia 465000 Wire 0 0 0 0 0 0 0 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 521037 During 2021, INCO Community paid $521,037 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 $521,037 and $273,016 for the years ended December 31, 2021 and 2020, respectively. 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 VIII, Line 1(f) Amended Return - Audit Changes: Foundation Grants Increase - $6,829,334 From 990, Part VIII, Line 1(f) Amended Return - Audit Changes: Non Profit Grants Increase - $1,170,742 Form 990, Part IX, Line 3(B) Amended Return - Audit Changes: Subgranting Increase - $2,045,397 From 990, Part IX, Line 15(C) Amended Return - Audit Changes: Royalties Expense Increase - $400,037 The payment of royalties to a related partty, INCO Holding, is now being reported in the amended return on Schedule L and Schedule R. The amended return now includes the Schedule R that identifies transactions with related parties. The amended return includes information on officer compensation paid by a related organization in Part VII and the officer compensation is now included in the statement of functional expenses. Form 990, Part X, Line 25(B) Amended Return - Audit Changes: Accrued Royalties Increase - $400,037 Form 990, Part X, Line 19(B) Amended Return - Audit Changes: Deferred Revenue Decrease - $8,000,076 Form 990, Part X, Line 25(B) Amended Return - Audit Changes: Loan Payable - INCO Increase - $2,045,397 Part XII, Line 2c, Form 990 Audit Process The audit process has not changed relative to the prior year. INCO Australia LTD 81-83 Campbell Street Surrey Hils AS NSW 2010 Individual Empowerment AS Foreign Equivalent 5 0 INCOorg 3 Boulevard Saint-Martin Paris FR 75003 FR C 0 INCO Holding 3 Boulevard Saint-Martin Paris FR 75003 FR 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 INCOorg B 3180397 Amount paid INCO Australia B 465000 Amount paid to INCO AUS INCOorg C 1170742 Amount paid by INCO.org INCOorg D 250000 Amount-Loan to INCO.org INCO Holding K 521037 Allocated paid to INCO Holding INCO Holding O 51814 Amount paid byINCO Holding