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Main Street Launch

Main Street Launch

Oakland, CA 94612
Tax ID94-2548556

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About this organization

Revenue

$7,447,994

Expenses

$6,675,363

Website

mainstreetlaunch.org

Mission

Our mission is to create economic opportunity by empowering entrepreneurs. Through innovative partnerships we provide business owners with capital, education, and relationships that allow them to flourish. Our collaborative approach helps our borrowers create jobs and stimulates economic development in low-to-moderate income communities.

About

PROGRAM ACCOMPLISHMENTIn the last ten years, Main Street Launch has made loans totaling $72.6 million to 884 businesses, creating and sustaining over 5,900 jobs. These loans supported 48% women-owned businesses, 66% businesses owned by low-to moderate income (LMI entrepreneurs, 48% minority-owned businesses, 54% businesses in LMI neighborhoods, and 46% new businesses. Main Street Launch focuses its services in three program areas: Oakland businesses, San Francisco businesses, and veteran-owned businesses throughout California. During FY19, Main Street Launch provided technical assistance to 1,337 entrepreneurs and loaned $11.3 million to 44 Oakland businesses, 43 San Francisco businesses, and 24 veteran-owned businesses, creating and sustaining 624 jobs. Main Street Launch's technical assistance and lending activity has resulted in job creation and income for residents in LMI communities, increasedwealth for under-served entrepreneurs, and increased economic activity in LMI communities. This leads to improved community vitality as a result of decreasing retail leakage, blight, and the number of empty storefronts, and increasing tax revenue for city services and residents access to goods and services.

Interesting data from their 2020 990 filing

From their filing, the objective of the non-profit is stated as “To grow strong communities by providing financing and technical assistance to small businesses that provide employment service and community benefits”.

When talking about its functions, they were outlined as: “To grow strong communities by providing financing and technical assistance to small businesses that provide employment service and community benefits”.

  • According to the filing, the non-profit's address in 2020 is 2101 Webster Street 1200, OAKLAND, CA, 94612.
  • The non-profit organization as of 2020 has a total of 20 employees reported on their form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $772,631.
  • The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 10 independent voting members.
  • The organization was formed in 1979.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $3,213,341 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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