Community Improvement, Capacity Building

PACIFIC COMMUNITY VENTURES

Investing in small business and big ideas

aka PCV

Oakland, CA

Mission

Pacific Community Ventures envisions a world of thriving communities where everyone has a fair shake. Our mission is to invest in small businesses, create good jobs for working people, and make markets work for social good. We achieve our mission through a combination of fair lending, free mentorship, skilled volunteerism, impact investing consulting services, and field-building research.

Ruling Year

1998

President & CEO

Ms. Mary Jo Cook

Main Address

1700 Broadway, Suite #300

Oakland, CA 94612 USA

Keywords

community development, business service, business coaching, business advice, IDA, workforce support, venture capital, small business, economic development, entrepreneur, investment, impact investing

EIN

77-0485877

 Number

5826514515

Cause Area (NTEE Code)

Management Services for Small Business/Entrepreneurs (S43)

Economic Development (S30)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2016, 2015 and 2014.
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Social Media

Blog

Programs + Results

What we aim to solve New!

Imagine what life is like when you don't know where your next paycheck is coming from, or knowing that your current paycheck doesn't pay the bills for yourself or your family. On paper the U.S. unemployment rate is at a 17-year low, yet 20% of workers are earning poverty-level wages, and for the first time, Americans don't believe life will be better for the next generation. Pacific Community Ventures envisions a world of thriving communities where everyone has a fair shake. Our mission is to invest in small businesses, create good jobs for working people, and make markets work for social good.

Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

Small Business Lending

Small Business Advising

Social Impact Policy

Impact Investing Evaluation

Where we workNew!

Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

Imagine what life is like when you don't know where your next paycheck is coming from — or if your current paycheck doesn't pay the bills. With the widest income gap since the '20s, and increasingly limited economic mobility, the U.S. urgently needs new businesses that offer quality jobs and investments that support underserved communities.

Pacific Community Ventures is a 501(c)(3) nonprofit and community development financial institution (CDFI) that believes small businesses in local communities should have easier access to the high-caliber advice and capital that revolutionized the high-tech industry. “Mom and pop" businesses and entrepreneurial ventures bring stability and renewed energy to deteriorating neighborhoods, and help revitalize poor inner city, suburban and rural areas.

Our services include advice and capital to help small businesses succeed, plus impact evaluation, research, and policy services to propel the impact economy forward. Our unique ecosystem of programs work together to catalyze the creation of community wealth and to drive lasting, positive economic change.

PCV addresses the challenges of sustainable small business growth and quality job creation through its Business Advising program. In 2013 the online platform BusinessAdvising.org was launched. BusinessAdvising.org provides free high-quality assistance to entrepreneurs regardless of business challenge or location.

A fresh take on corporate social responsibility, BusinessAdvising.org recruits the nation's brightest business minds to volunteer their expertise as business advisors. Business advisors volunteer at least 5 hours per month through phone, Skype, or email and provide advising in areas that are crucial to small business success such as finance, marketing, sales, operations, human resources, and leadership. As the program continues to scale, entrepreneur enrollment has increased by over 300% since last year, with sign-ups from over 40 states

Pacific Community Ventures (PCV) was founded by two Silicon Valley executives who believed that small businesses in underserved communities should have access to the same high-caliber advice and capital that revolutionized the tech industry.

Over the past 17 years, PCV has provided entrepreneurs—either located in and/or hiring from lower-income communities—with access to the tools of venture capital. Providing access to capital, expertise, markets, and networks, PCV helps small business growth develop into quality job creation.
Outside of PCV, there are few outlets for entrepreneurs to access individual, in-depth support. While development organizations attempt to provide support services, many have a small staff that can only help address general challenges. When specialized support is needed, some organizations' only option is to hire paid consultants, a model that is not financially sustainable or scalable for nonprofits. BusinessAdvising.org allows PCV to reach entrepreneurs nationally by matching them for free with volunteer business professionals that can provide the in-depth insight and game-changing advice they need to grow their business.

The Business Advising program's key impact indicators are: the number of businesses impacted with average revenue growth, jobs created and/or maintained, and wages paid to residents of lower-income communities. Through the work of PCV's in-house impact evaluation team, PCV can track and measure overall program impact. PCV collects key impact data at several points. Baseline company data—number of employees, revenues, wages, industry, etc. is collected when an entrepreneur first signs up for BusinessAdvising.org. Then annually, at year-end, PCV surveys all of its advised companies. Data collected includes company revenues, number of employees, employee residential zip code and wage, racial and gender make up, full/part-time status, and benefits. Using proprietary analytics, PCV combines employees' residential zip codes and wages to calculate the number of jobs created and maintained in lower-income communities as well as to approximate wages paid to residents of lower-income communities. By comparing company baseline data with year-end data, PCV calculates impact data such as job and revenue growth.

Since 1998, PCV has provided game-changing support to more than 3,600 entrepreneurs, creating and maintaining more than 34,000 jobs. In total, PCV-supported companies have paid over $280M in wages to workers living in lower-income communities. PCV-supported companies have shown job growth rates at ten times the national average. Fifty percent of PCV-supported companies are female-owned, and 56% are minority-owned. PCV became a certified small business lender in 2013. Since then, PCV has deployed more than $1.6M in capital to small businesses. In recognition of the organization's impact, the Association for Corporate Growth named PCV the 2011 Bay Area Nonprofit of the Year, and PCV won the San Francisco Chamber of Commerce's 2014 Economic Development Ebbies Award.

BusinessAdvising.org is on track to advise 350 small businesses nationwide by yearend 2015, helping to retain more than 3,000 jobs and create more than 430 new jobs. With plans for scale and growth, BusinessAdvising.org aims to advise 440 businesses nationwide by yearend 2016, helping to retain more than 3,800 jobs and create 550 new jobs. By yearend 2017, BusinessAdvising.org aims to advise 550 businesses nationwide, helping to retain more than 4,800 jobs and create more than 680 new jobs.

External Reviews

Affiliations & Memberships

Opportunity Finance Network

Opportunity Finance Network

Financials

PACIFIC COMMUNITY VENTURES

Fiscal year: Jan 01 - Dec 31

Need more info on this nonprofit?

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FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
A Pro report is also available for this organization for $125.
Click here to view a Sample Report.

Operations

The people, governance practices, and partners that make the organization tick.

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

No

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

No

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

No

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

No

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

No

Organizational Demographics

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

SOURCE: Self-reported by organization

Gender

Race & Ethnicity

Sexual Orientation

This organization reports that it does not collect this information for Board Members, Senior Staff, Full-Time Staff and Part-Time Staff.

Diversity Strategies

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We track retention of staff, board, and volunteers across demographic categories
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We track income levels of staff, senior staff, and board across demographic categories
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We track the age of staff, senior staff, and board
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We track the diversity of vendors (e.g., consultants, professional service firms)
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We have a diversity committee in place
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We have a diversity manager in place
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We have a diversity plan
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We use other methods to support diversity
Diversity notes from the nonprofit
We aim to be a diverse and inclusive place to work. We value new perspectives, original ideas and different ways of working. We believe that diverse views and experiences improve the way we do our work. PCV is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.