Mission
Public Bank East Bay aims to build the first public bank in California, allowing local governments to divest from Wall Street and reinvest in the community. It plans to provide financing for affordable housing, support marginalized entrepreneurs, and fund green energy initiatives to combat climate change.
Basic Information
Founded in
2020
EIN
84-4537320
Total Assets
$672.3 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Support Affordable Housing
Addressing the East Bay's housing crisis by financing affordable housing projects.
Create Equity & Economic Justice
Prioritizing lending to marginalized communities to combat historical inequities.
Address Climate Change
Financing green energy initiatives to help mitigate greenhouse gas emissions.
Impact Stats
Council Approval
Ceremonial Recognition by Oakland City Council
Public Bank East Bay was recognized for its accomplishments by the Oakland City Council.
Significance of Milestone
Hired First CEO
Scott Waite was appointed as the first CEO of a public banking effort in California.
Upcoming Events
Organizing Meeting
Every Wednesday
Join our weekly organizing meetings to learn how you can help with the formation of Public Bank East Bay.
Learn MoreVolunteer Opportunities
Volunteer Organizer
Help build community support for the public bank by joining various organizing teams.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
48
42
/100
Program Expense Ratio
98.03%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0
2
/20
Working Capital Ratio
2.488
16
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2023
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 505.1K | 99.02% |
| Program Services | 0 | 0.00% |
| Investment Income | 5.011K | 0.98% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 510.1K | 100.00% |
Related Nonprofits
Texas Guaranteed Student Loan Corporation
Societal Benefit
Alternative BankingBrazos Student Finance Corporation
Societal Benefit
Alternative BankingConnecticut Student Loan Foundtion
Societal Benefit
Alternative BankingBrooklyn Alliance Capital Inc.
Societal Benefit
Alternative Banking
Oba Education Foundation
Societal Benefit
Alternative Banking