CALIFORNIA EMERGING TECHNOLOGY FUND
2151 SALVIO STREET SIUTE 252, CONCORD, CA 94520 www.cetfund.org

Total Revenue
$35,210,093
Total Expenses
$8,233,358
Net Assets
$48,148,777

Organizations Filed Purposes: 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.

CETF ENTERED INTO MEMORANDA OF UNDERSTANDING (MOU) WITH INTERNET SERVICE PROVIDERS (ISPS) FRONTIER COMMUNICATIONS, INC. (2015) AND CHARTER COMMUNICATIONS, INC. (2016) TO IMPLEMENT PUBLIC BENEFITS AS A RESULT OF CORPORATE CONSOLIDATIONS. IN ADDITION TO SUPPORTING AND MONITORING FULFILLMENT OF THE MOU PUBLIC BENEFIT OBLIGATIONS BY THESE ISPS, CETF IS MANAGING $3 MILLION IN CHARITABLE FUNDS FROM FRONTIER TO ACHIEVE NEW BROADBAND ADOPTIONS BY LOW-INCOME HOUSEHOLDS IN THEIR SERVICE AREAS. CETF ALSO IS RECEIVING $32.5 MILLION ($6.5 MILLION PER YEAR) FROM CHARTER THROUGH 2021 TO CONTINUE CORE MISSION ORGANIZATIONAL OPERATIONS AND SUPPORT SCHOOL2HOME AND OTHER DIGITAL INCLUSION PROGRAMS IN THEIR SERVICE AREAS. IN 2019 CETF ENTERED INTO A MOU WITH T-MOBILE IN CONJUNCTION WITH THEIR ACQUISITION OF SPRINT WHICH BECAME EFFECTIVE IN APRIL 2020 WHEN THE TRANSACTION WAS APPROVED BY THE CPUC. CETF IS RECEIVING $35 MILLION FROM T-MOBILE ($7 MILLION PER YEAR) THROUGH 2024 FOR CORE MISSION AND TO IMPLEMENT SCHOOL2HOME AND DIGITAL INCLUSION PROGRAMS IN THEIR STATEWIDE SERVICE AREA. IN ADDITION, IN CETF WAS ENGAGED BY THE CITY OF SAN JOS THROUGH ACTION BY THE CITY COUNCIL IN FEBRUARY 2019 TO MANAGE APPROXIMATELY $24 MILLION OVER 10 YEARS FOR DIGITAL INCLUSION GRANTS TO NON-PROFIT COMMUNITY-BASED ORGANIZATIONS AND PUBLIC AGENCIES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Sunne Wright McpeakPRESIDENT AND CEO40$354,500
Susan WaltersSENIOR VICE PRESIDENT40$214,420
Agustin UrgilesSCHOOL2HOME EXECUTIVE MANAGER40$158,400
Raquel CinatASSOCIATE VICE PRESIDENT40$148,160
Alana O'BrienVICE PRESIDENT OPERATIONS40$134,820
Gladys PalpallatocASSOCIATE VICE PRESIDENT40$125,160
Richard MottaTREASURER4$28,750
Barbara O'ConnorCHAIR3$9,125
Jim KirklandDIRECTOR2$4,500
Carol WhitesideDIRECTOR2$2,875
Renee MartinezDIRECTOR2$2,000
Melinda WhiteDIRECTOR2$0
Dorian TraubeDIRECTOR2$0
Tim MccallionDIRECTOR2$0
Darrel StewartDIRECTOR2$0
Barbara JohnstonDIRECTOR2$0
Martha EscutiaDIRECTOR2$0
Jeff CampbellDIRECTOR2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013189349312171_public.xml