California Emerging Technology Fund
California Emerging Technology Fund
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About this organization
Mission
The mission of the California Emerging Technology Fund (CETF) is to close the Digital Divide in California by accelerating the deployment and adoption of broadband and other advanced communications services to unserved and underserved communities. CETF uses “broadband” as a generic term for high-speed Internet infrastructure, including both wireline and wireless networks and advanced communications such as 5G.
About
CETF was established and funded through the SBC/ATT and Verizon/MCI merger agreements approved by the California Public Utilities Commission in November 2005 during the fiscal year ended June 30, 2008. The organization hired staff and consultants, procured resources and infrastructure necessary to carry out its mission of 'achieving ubiquitous access to broadband and advanced services in California, particularly in underserved communities through the use of existing and emerging technologies'.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “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.”.
When referring to its actions, they were described as: “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.”.
- According to the law, the state of operation reported by the non-profit is CA.
- As per the filing, the address of the non-profit for 2020 is 414 13TH STREET NO 200B, OAKLAND, CA, 94612.
- According to their form, the non-profit as of 2020 has a total of 7 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$6,473,543.
- The organization has 11 independent voting members.
- The organization was formed in 2006.
- The organization pays $1,596,420 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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