California Emerging Technology Fund

EIN: 205184429 501(c)(3) Community Improvement

Concord, CA

Total Revenue
$2,662,388
Total Expenses
$10,591,270
Total Assets
$18,788,602
Net Assets
$18,380,783
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CA
Principal Officer
Rich Motta
Phone
4157442383
Tax Period
2023-07-01 to 2024-06-30

California Emerging Technology Fund, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $10.6M exceeded revenue, resulting in a 298% operating deficit.

Mission

Provide leadership statewide to minimize the Digital Divide by accelerating the deployment and adoption of broadband and other advanced communication services to unserved and underserved communities.Ensure that California is a global leader in the availability and use of broadband technology.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $797,416
Program Service Revenue $1,365,465
Investment Income $425,084
Other Revenue $74,423
TOTAL REVENUE $2,662,388

Expense Breakdown

Grants Paid $2,379,899
Salaries & Benefits $2,615,753
Fundraising Expenses $0
Program Expenses $9,944,866
Other Expenses $5,595,618
TOTAL EXPENSES $10,591,270

Year-over-Year Comparison

2023 2022 Change
Revenue $2,662,388 $3,574,011 -0.3%
Expenses $10,591,270 $9,491,888 +0.1%
Net Income $-7,928,882 $-5,917,877 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$568,714
Total Directors
13
$81,000
Key Employees
1
$201,560
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Motta Treasurer 6.00
Officer Director
$46,500 $0 $46,500
Carlos Ramos Director 2.00
Director
$7,500 $0 $7,500
Renee Martinez Vice Chair 3.00
Officer Director
$7,250 $0 $7,250
Barbara O'Connor Chair 2.00
Officer Director
$7,000 $0 $7,000
Francis Gipson Director 2.00
Director
$6,750 $0 $6,750
Jim Kirkland Director 2.00
Director
$6,000 $0 $6,000
Darrell Stewart Secretary 2.00
Officer Director
$0 $0 $0
Jeff Campbell Director 2.00
Director
$0 $0 $0
Martha Escutia Director 2.00
Director
$0 $0 $0
Barb Johnston Yellowlees Director 2.00
Director
$0 $0 $0
Tim McCallion Director 2.00
Director
$0 $0 $0
Lenny Mendonca Director 2.00
Director
$0 $0 $0
Shireen Santosham Director 2.00
Director
$0 $0 $0
Sunne Wright McPeak President and CEO 40.00
Officer
$412,800 $95,164 $507,964
Anne O Chief Management Officer 40.00
Key Emp
$166,200 $35,360 $201,560
Agustin Urgiles School2Home Executive Manager 40.00
Highest
$194,600 $38,282 $232,882
Leticia Alejandrez Director of Telehealth and Communications 40.00
Highest
$174,400 $48,720 $223,120
Raquel Cinat School2Home Associate Vice President 40.00
Highest
$178,900 $39,627 $218,527
Charlene Tatis Director of Digital Inclusion 40.00
Highest
$150,300 $44,401 $194,701
Alana O'Brien Vice President Operations 40.00
Highest
$148,750 $44,318 $193,068
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,662,388 $10,591,270 $18,788,602 $-7,928,882
2023 $3,574,011 $9,491,888 $27,147,491 $-5,917,877
2022 $1,248,904 $9,584,902 $35,282,028 $-8,335,998
2022 $1,248,904 $9,584,902 $35,282,028 $-8,335,998
2021 $253,401 $7,893,942 $44,150,511 $-7,640,541
2020 $35,210,093 $8,233,358 $50,477,526 $26,976,735
2019 $69,936 $6,543,479 $22,916,250 $-6,473,543
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