INCO Community Inc FKACALSO Community Inc

EIN: 465306699 501(c)(3) Employment

San Francisco, CA

Total Revenue
$2,324,839
Total Expenses
$10,385,596
Total Assets
$1,192,973
Net Assets
$797,145
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
Nicolas Hazard
Phone
4155798301
Tax Period
2022-01-01 to 2022-12-31

INCO Community Inc FKACALSO Community Inc, founded in 2014, is a community nonprofit in the Employment sector that reported $2.3M in total revenue in fiscal year 2022. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $10.4M exceeded revenue, resulting in a 347% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $8,495,900

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...

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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.

Program 2
Expenses: $545,900

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...

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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.

Program 3
Expenses: $1,010,899

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...

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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.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,324,772
Program Service Revenue $0
Investment Income $67
Other Revenue $0
TOTAL REVENUE $2,324,839

Expense Breakdown

Grants Paid $8,415,000
Salaries & Benefits $127,079
Fundraising Expenses $0
Program Expenses $10,052,699
Other Expenses $1,843,517
TOTAL EXPENSES $10,385,596

Year-over-Year Comparison

2022 2021 Change
Revenue $2,324,839 $10,422,816 -0.8%
Expenses $10,385,596 $4,307,405 +1.4%
Net Income $-8,060,757 $6,115,411 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
N/A

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
4
$51,814
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicolas Hazard President & CEO 3.00
Officer Director
$0 $0 $0
Brian Walsh Chairman of the Board 1.00
Officer Director
$0 $0 $0
Jeremy Wallenberg Board Member 1.00
Director
$0 $0 $0
Mawuena Tendar Board Member/Board Secreta 1.00
Officer Director
$0 $0 $0
Paul Ferrari as of 1 Oct 2020 Board Member 1.00
Director
$0 $0 $0
Megan Kum as of 1 Oct 2020 Board Member 1.00
Director
$0 $0 $0
Natasha Christensen as of 1 Oct 202 Board Member 1.00
Director
$0 $0 $0
Thibault Kheres Chief Financial Officer 1.00
Officer
$0 $0 $51,814
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
2024 No data No data No data No data
2024 No data No data No data No data
2023 No data No data No data No data
2022 $2,324,839 $10,385,596 $1,192,973 $-8,060,757
2022 $2,326,136 $9,546,664 $1,247,593 $-7,220,528
2021 $10,422,816 $4,307,405 $9,763,771 $6,115,411
2021 $1,921,420 $1,835,151 $9,324,271 $86,269
2020 $5,007,552 $4,066,193 $3,479,996 $941,359
2020 $4,336,886 $3,955,265 $3,479,996 $381,621
2019 $1,083,818 $971,075 $2,731,720 $112,743
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