Mission
ICA FUND ACCELERATES GREAT BUSINESSES THROUGH MENTORING AND INVESTMENTS TO CATALYZE VALUE IN LOCAL MARKETS AND CREATE COMMUNITY WEALTH.
Public Charity
ICAFUND
ICAFUND is a nonprofit organization categorized as Public Charity based in OAKLAND, CA. Its most recent IRS filing (2024) reports revenue of $7.7M, expenses of $6.9M, total assets of $23.9M. Imperigo tracks 31 reported grant relationships connected to this organization totaling approximately $7.6M.
EIN: 470898054
OAKLAND, CA
Community & Neighborhood Development
NTEE: S20
Latest filing: 2024
Total Revenue$7.7M
Total Expenses$6.9M
Total Assets$23.9M
Grant Records31
Funding Total$7.6M
Filing Years2019–2024
Where $100 goes at Icafund
How Icafund divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$79
Programs
the work itself
$8
Management
running the organization
$13
Fundraising
raising the next dollar
Inside the $79 for programs
$32
109 entrepreneurs served through education offerings
$24
3 new working capital loans, 1 new convertible note, 2 new equity investments, 3 new safe notes, 7 new impact notes deployed to small businesses
$23
642 hours of advising hours provided to small businesses
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
FORGIVENESS
$800,000
Community Development
$750,000
IN SUPPORT OF EXPANDING THE ICA FUND PORTFOLIO SERVICES UNIT TO PROVIDE CRUCIAL POST-INVESTMENT SUPPORT FOR LOCAL SMALL BUSINESSES AND TO FOSTER JOB CREATION AND RETENTION
$500,000
JOB QUALITY IMPROVEMENT AMONG US SMALL BUSINESSES
$166,394
CHARITABLE DONATION
$30,000
Showing up to 5 of 31 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Al De Almeida
CHIEF EXECUTIVE OFFICER
Allison Kelly
DIRECTOR OF PORTFOLIO SERVICES
Caron Gugssa-Howard
BOARD MEMBER
Clayton Bryan
BOARD MEMBER
Conchita Tucker
DIRECTOR OF DIRECT SERVICES
Cynthia Billops
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $7.7M | $6.9M | $23.9M |
| 2023 | $5.5M | $5.0M | $22.8M |
| 2022 | $6.7M | $4.4M | $19.4M |
| 2020 | $5.7M | $3.1M | $8.6M |
| 2019 | $1.8M | $1.9M | $4.1M |
Between 2019 and 2024, reported annual revenue grew from $1.8M to $7.7M (+338%), with total assets most recently reported at $23.9M.
Interactive year-over-year charts and full filing details available with membership.