2020-10-26T17:39:18-05:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 2128686710 2020-10-26 1 GARRETT M HIGGINS P00543209 2122862600 2020-10-26 100.2.127.74 2020-10-26 15:19:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2019 2021-01-29 14:40:06Z ANTONY BUGG-LEVINE 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 22599677 0 X WWW.NONPROFITFINANCEFUND.ORG X 1984 NY SUPPORTS MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. 13 12 100 17 0 0 9460209 9858573 13807587 12614257 13636 26101 2641 22826 23284073 22521757 3779322 981082 0 0 12173200 11729713 0 0 1577232 7193137 11031970 23145659 23742765 138414 -1221008 156563693 192260531 110595656 147647674 45968037 44612857 X NONPROFIT FINANCE FUND (NFF) UNLOCKS THE POTENTIAL OF MISSION DRIVEN ORGANIZATIONS THROUGH TAILORED INVESTMENTS, STRATEGIC ADVICE AND ACCESSIBLE INSIGHTS. WE WORK TOWARD A MORE JUST AND VIBRANT SOCIETY BY HELPING NONPROFITS WITH FINANCING TO INVEST IN DELIVERING ON THEIR MISSIONS; CONSULTING THAT HELPS LEADERS BEST PUT MONEY TO WORK FOR SOCIAL GOOD; AND LEARNING THAT HELPS ILLUMINATE PATHS TO SOLVING COMPLEX SOCIAL ISSUES. 0 0 18725902 981082 12614257 NONPROFIT FINANCE FUND (NFF) UNLOCKS THE POTENTIAL OF MISSION DRIVEN ORGANIZATIONS THROUGH TAILORED INVESTMENTS, STRATEGIC ADVICE AND ACCESSIBLE INSIGHTS. WE WORK TOWARD A MORE JUST AND VIBRANT SOCIETY BY HELPING NONPROFITS WITH FINANCING TO INVEST IN DELIVERING ON THEIR MISSIONS; CONSULTING THAT HELPS LEADERS BEST PUT MONEY TO WORK FOR SOCIAL GOOD; AND LEARNING THAT HELPS ILLUMINATE PATHS TO SOLVING COMPLEX SOCIAL ISSUES. TAILORED INVESTMENTS: AS A NATIONAL COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND LONGTIME IMPACT INVESTOR, NFF PROVIDES FINANCING EXCLUSIVELY TO MISSION-DRIVEN ORGANIZATIONS, INCLUDING NONPROFITS AND SOCIAL ENTERPRISES, WHICH WORK TO IMPROVE LIVES OF LOW-INCOME PEOPLE AND LOW-INCOME COMMUNITIES. WE DO THIS BY AGGREGATING CAPITAL FROM A VARIETY OF SOURCES, INCLUDING BANKS, FOUNDATIONS AND GOVERNMENT, AND USING THAT CAPITAL TO PROVIDE A RANGE OF FINANCIAL PRODUCTS, INCLUDING LOANS, LINES OF CREDIT AND NEW MARKETS TAX CREDITS, AMONG OTHERS. OUR BORROWERS USE OUR FINANCING TO UNDERTAKE FACILITY PROJECTS AND SMOOTH AND MANAGE CASH FLOW, ENABLING THEM TO WORK WITH MORE CLIENTS, EXPAND THE BREADTH OF SERVICES OFFERED, AND DELIVER MORE INTEGRATED SERVICES. IN 2019, NFF CLOSED 29 LOANS TO 25 ORGANIZATIONS TOTALING $66.1 MILLION AND MANAGED A $324.3 MILLION PORTFOLIO OF LOANS TO EDUCATIONAL INSTITUTIONS, HEALTH CENTERS, HUMAN SERVICES PROVIDERS, AND OTHER ORGANIZATIONS PROVIDING VITAL AND/OR ENRICHING SERVICES AND CREATING TRANSFORMATIONAL IMPACT IN LOW-INCOME COMMUNITIES. IN 2019 OUR FINANCING SUPPORTED ORGANIZATIONS IN OVER 23 COMMUNITIES ACROSS THE NATION. WE ALSO FACILITATE THE FLOW OF THIRD-PARTY CAPITAL TO THESE MISSION-DRIVEN ORGANIZATIONS BY WORKING WITH OR PROVIDING GUIDANCE TO OTHERS (E.G., FUNDERS, PHILANTHROPIC INSTITUTIONS, GOVERNMENT AGENCIES, CORPORATIONS) WHO ARE USING PROGRAM RELATED INVESTMENTS, LOANS, GRANTS AND OTHER FINANCING MECHANISMS FOR CHARITABLE PURPOSES AND TO CREATE POSITIVE SOCIAL CHANGE. STRATEGIC ADVICE: WE ARE A NATIONAL LEADER IN PROVIDING STRATEGIC ADVICE AND CUSTOMIZED FINANCIAL TRAINING AND CAPACITY-BUILDING TO HUNDREDS OF NONPROFITS IN ALL SECTORS, THROUGH WEBINARS, WORKSHOPS, AND CUSTOMIZED ENGAGEMENTS. IN 2019, WE CONDUCTED EDUCATIONAL ACTIVITIES AND TRAINING, AND PROVIDED CUSTOMIZED TECHNICAL ASSISTANCE THAT HELPED 190 NONPROFIT ORGANIZATIONS AND FOUNDATIONS APPLY GREATER FINANCIAL KNOW-HOW TO THEIR CRITICAL DECISIONS. OUR 51 WORKSHOPS AND OTHER GROUP FINANCIAL CAPACITY TRAININGS REACHED 2,891 INDIVIDUALS. OUR WORK OVERALL HELPED ORGANIZATIONAL LEADERS OPTIMIZE THEIR RESOURCES, INCORPORATE FINANCIAL DATA AND KNOWLEDGE INTO PLANNING AND DECISION-MAKING, AND STRENGTHEN THEIR ABILITY TO ADAPT TO EVER-CHANGING CONDITIONS AND PROVIDE MUCH-NEEDED SERVICES TO THEIR CLIENTS. WE DID THIS BY HELPING THEM TO IMPROVE THEIR UNDERSTANDING OF THEIR FINANCIAL CONDITION AND BUSINESS MODELS, ANALYZE THEIR STRATEGIC OPTIONS, IDENTIFY AND DETERMINE HOW TO FILL CAPITAL GAPS, AND CONDUCT LONG-TERM PLANNING. WE ALSO PROVIDED STRATEGIC ADVICE TO FOUNDATIONS, RAISING AWARENESS OF THE FINANCIAL ISSUES AFFECTING NONPROFITS THEY SUPPORT. LASTLY, WE ADVISED AND EDUCATED ORGANIZATIONS PROVIDING SERVICES TO LOW-INCOME PEOPLE AND OTHER DISADVANTAGED COMMUNITIES, GOVERNMENTS, AND OTHERS EXPLORING PAY FOR SUCCESS, OUTCOMES-BASED FUNDING, AND OTHER IMPACT INVESTING MODELS TO HELP BETTER FUND THEIR CHARITABLE AND PUBLIC ACTIVITIES, INCLUDING PROVIDING SEMINAL RESEARCH AND PUBLICATIONS TO THE FIELD.ACCESSIBLE INSIGHTS: WE BELIEVE THAT FINANCIAL KNOWLEDGE IS POWER. WE SHARE DATA, INSIGHTS, AND RESOURCES TO IMPROVE UNDERSTANDING OF NONPROFIT FINANCE AND FIND SOLUTIONS TO COMPLEX ISSUES IN SUPPORT OF POSITIVE SOCIAL CHANGE. WE USE OUR WEBSITE, PUBLICATIONS, SOCIAL MEDIA, AND OTHER PLATFORMS TO MAKE CONTENT ABOUT WHAT WE ARE LEARNING WIDELY ACCESSIBLE. IN 2019, NFF HOSTED AN EVENT WITH THE FEDERAL RESERVE BANK OF PHILADELPHIA AS A CONTINUATION OF A NATIONAL DIALOGUE THAT WE STARTED IN 2017 WITH THE FEDERAL RESERVE BANK OF SAN FRANCISCO ABOUT REORIENTING THE SOCIAL SECTOR AROUND OUTCOMES AND OUTCOMES-BASED FUNDING. WE LAUNCHED THE ADVANCING RESILIENCE IN COMMUNITY HEALTH PROJECT TO HELP NETWORKS OF COMMUNITY-BASED ORGANIZATIONS PREPARE FOR PARTNERSHIPS WITH HEALTHCARE SYSTEMS WITH THE GOAL OF BETTER ADDRESSING SOCIAL DETERMINANTS OF HEALTH AND IMPROVING HEALTH OUTCOMES FOR MORE PEOPLE. THE PROJECT WAS DESIGNED TO SHARE REAL-TIME INSIGHTS IN PARTNERSHIP WITH PARTICIPATING NETWORKS THROUGH MULTIMEDIA PUBLICATIONS, INCLUDING BLOGS AND VIDEO INTERVIEWS THAT DIRECTLY CAPTURE THE VOICES AND EXPERIENCES OF NETWORK LEADERS. NFF'S FULL COST FRAMEWORK WAS FOUND TO HAVE SIGNIFICANT BENEFITS TO BOTH NONPROFITS AND FUNDERS ACCORDING TO AN EVALUATION BY RESEARCH FIRM HARDER+COMPANY AND WAS FEATURED BY THE CHRONICLE OF PHILANTHROPY AS ONE OF EIGHT NATIONAL, NONPROFIT INNOVATIONS OF NOTE. WE PREPARED A SET OF FREELY AVAILABLE RESOURCES TO HELP NONPROFIT LEADERS NAVIGATE PRACTICAL IMPLICATIONS FROM THE RECENT FASB ACCOUNTING STANDARDS UPDATE. AND AS PART OF NFF'S COMMITMENT TO ADVANCING RACIAL EQUITY, ANTONY BUGG-LEVINE AUTHORED AN ARTICLE ABOUT WHY "COLOR BLIND" ASSESSMENTS OF GRANT PROPOSALS DON'T WORK; THE ARTICLE WAS ACCOMPANIED BY A CHART WITH EXAMPLES OF FINANCIAL ANALYSIS BLIND SPOTS AND HOW THEY CAN BE ADDRESSED. 18725902 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 31 0 100 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL NJ NY PA MA MI X X X KRISTINA DIXON CFO 2136237001 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 50.00 0.50 X X 374059 0 56788 KRISTIN GIANTRIS MANAGING DIRECTOR 50.00 X 301631 0 42572 NORAH MCVEIGH MANAGING DIRECTOR 50.00 0.60 X 284565 0 55449 CRAIG REIGEL CFO 50.00 0.50 X 274192 0 26898 JENNIFER TALANSKY MANAGING DIRECTOR 50.00 X 231414 0 54308 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 50.00 X 184129 0 40247 ANAND ATTAVANE VP/CONTROLLER 50.00 X 154311 0 55644 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 50.00 X 187393 0 13213 KATHYRN OLSEN VP LENDING - FINANCIAL SERVICES 50.00 X 171558 0 11933 SANDI CLEMENT MCKINLEY VP/ADVISORY SERVICES 50.00 X 154830 0 25700 HENRY RAMOS BOARD CHAIR 2.00 X X 0 0 0 OMMEED SATHE DIRECTOR/BOARD CHAIR THRU 3/14/19 2.00 X X 0 0 0 STEPHEN DEBERRY TREASURER 2.00 0.50 X X 0 0 0 ANDREW B COHN SECRETARY 2.00 X X 0 0 0 BETH BAFFORD DIRECTOR 2.00 X 0 0 0 JAMES BILDNER DIRECTOR THRU 6/4/19 2.00 X 0 0 0 PHILLIP CLAY DIRECTOR 2.00 X 0 0 0 DAVID ERICKSON DIRECTOR 2.00 0.50 X 0 0 0 TESSIE GUILLERMO DIRECTOR 2.00 X 0 0 0 LISA HALL DIRECTOR THRU 6/4/19 2.00 X 0 0 0 CHRIS IGLESIAS DIRECTOR 2.00 0.50 X 0 0 0 NIKE IRVIN DIRECTOR 2.00 0.50 X 0 0 0 KIMBERLY JOHNSON DIRECTOR THRU 6/4/19 2.00 X 0 0 0 JOE MCCANNON DIRECTOR 2.00 X 0 0 0 RUTH SALZMAN DIRECTOR 2.00 0.50 X 0 0 0 SONAL SHAH DIRECTOR THRU 3/14/19 2.00 X 0 0 0 JOHN TAYLOR DIRECTOR 2.00 X 0 0 0 2318082 0 382752 35 0 1 0 0 200000 3823019 5835554 9858573 INTEREST ON LOANS 900099 8832277 8832277 LOAN AND FINAN. FEES 900099 2292409 2292409 PRGM & CONTRACT FEES 900099 1489571 1489571 12614257 19967 19967 2120 0 2120 2120 2120 84054 77920 6134 6134 6134 TAX ABATEMENT 900099 15528 15528 PRINCIPAL REPAYMENTS FROM LOANS 900099 5171 5171 OTHER REVENUE 900099 7 7 20706 22521757 12614257 0 48927 981082 981082 1607837 724902 609909 273026 8008435 5699232 1589451 719752 440645 296177 99705 44763 978771 697272 197976 83523 694025 478403 143318 72304 272284 200359 71925 56626 15456 41170 72200 40071 12274 19855 9250 9250 466481 463630 2851 2751 2631 120 193459 145551 47329 579 222454 136185 41464 44805 1140014 730321 239699 169994 629580 379889 164000 85691 21663 19663 1340 660 3448791 3448791 370994 245512 74926 50556 86032 56933 17375 11724 UNRELATED BUSN INC EXP 17730 17730 PROVISION FOR LOAN LOSS 3798210 3798210 STAFF RECRUITING/TRAINI 117438 69676 47762 MAINTENANCE & REPAIRS 37601 29928 7673 68412 56778 11634 23742765 18725902 3439631 1577232 12644489 17553999 1144306 4218312 3238612 4516903 2790748 4000014 243284 266951 4062540 1870045 2486362 2192495 96542 17945 133829216 150163778 90134 9330134 156563693 192260531 2307760 2592367 1778904 11021315 86242 86242 106422750 133947750 110595656 147647674 X 28028113 25676514 17939924 18936343 45968037 44612857 156563693 192260531 X -1221008 15828 -150000 X X 0 1 X 1 1 1 X 4825418 17080404 5592149 9460209 9858573 46816753 4825418 17080404 5592149 9460209 9858573 46816753 15003622 31813131 7413 4210 5305 13636 22087 52651 8791 1996 3515 2641 20706 37649 46907053 54991551 0.67820 0.62780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 8,791. 2016 AMOUNT: $ 1,250. 2017 AMOUNT: $ 3,515. 2018 AMOUNT: $ 2,641. 2019 AMOUNT: $ 7. REFUND - 2016 AMOUNT: $ 746. TAX ABATEMENT - 2019 AMOUNT: $ 15,528. PRINCIPAL REPAYMENTS FROM LOANS - 2019 AMOUNT: $ 5,171. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 22156283 22165533 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 9250 9250 250000 250000 250000 250000 1000000 1500000 0 1 X 2185283 593022 1592261 1210368 979517 230851 666889 297506 369383 2192495 LOANS RECEIVABLE 150163778 C 150163778 X 19204653 15828 265859 281687 18922966 3598791 3598791 22521757 20559833 265859 265859 20293974 3448791 3448791 23742765 PART IV, LINE 2B: NONPROFIT FINANCE FUND HELD A CUSTODIAL BANK ACCOUNT FOR A NEW MARKET TAX CREDIT OF WHICH NONPROFIT FINANCE FUND IS A MINIMAL PARTNER OF .01% AND THE FUNDS ARE USED AS OBLIGATION PAYMENTS AS AUTHORIZED BY THE PARTNERSHIP. PART X, LINE 2: THE FUND'S ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 3,448,791. ADJUSTMENT ON PRIOR YEAR'S GRANT REVENUE 150,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 3,448,791. 1 ALASKA ASSOCIATION FOR INFANT AND EARLY CHILDHOOD MENTAL HEALTH PO BOX 240331 ANCHORAGE AK 99524 800683225 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT ALLIANCE FOR THE ADVANCEMENT OF INFANT MENTAL HEALTH 13101 ALLEN ROAD SOUTHGATE MI 48195 474240714 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT ASSOCIATION OF INFANT MENTAL HEALTH IN TENNESSEE 446 METROPLEX DRIVE SUITE A-224 NASHVILLE TN 37211 814085326 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT BELMONT ALLIANCE CIVIC ASSOCIATION CDC 871 NORTH HOLLY STREET FLOOR 2 PHILADELPHIA PA 19104 233004021 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. BME NETWORKS 2103 CORAL WAY 2ND FL MIAMI FL 33145 463083316 501 (C)(3) 195000 FELLOWSHIP PROGRAM FUNDING CAPITAL IMPACT PARTNERS 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 521290127 501 (C)(3) 133333 TO SUPPORT INTERNAL TRAINING & PRACTICE ENHANCEMENTS FIRST3YEARS 15851 DALLAS PARKWAY 106 ADDISON TX 75001 752067421 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT IDUHA IPA LLC DBA ENGAGEWELL IPA LLC 307 WEST 38TH STREET 3RD FLOOR NEW YORK NY 10018 320525858 83333 BUILDING CAPACITY, RESILIENCE, & HEALTH PARTNERSHIPS ILLINOIS ASSOCIATION FOR INFANT MENTAL HEALTH 451 N LASALLE CHICAGO IL 60654 363149881 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT INDOCHINESE AMERICAN COUNCIL 4936 OLD YORK ROAD PHILADELPHIA PA 19141 232235948 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. MACC ALLIANCE OF CONNECTED COMMUNITIES 414 8TH STREET SOUTH MINNEAPOLIS MN 55404 411959688 501 (C)(3) 83333 BUILDING CAPACITY, RESILIENCE, & HEALTH PARTNERSHIPS MICHIGAN ASSOCIATION FOR INFANT MENTAL HEALTH 13101 ALLEN ROAD SOUTHGATE MI 48195 382256399 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT MIGHTY WRITERS 1501 CHRISTIAN STREET PHILADELPHIA PA 19146 010920922 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. RHODE ISLAND ASSOCIATION FOR INFANT MENTAL HEALTH 350 POINT STREET PROVIDENCE RI 02903 571170681 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT RUTGERS THE STATE UNIVERSITY OF NJ 33 KNIGHTSBRIDGE ROAD PISCATAWAY NJ 08854 226001086 THE STATE OF NJ 71500 NEWARK RESILIENCE INITIATIVE EXTENSION PROGRAM THOMAS JEFFERSON AREA COALITION FOR THE HOMELESS PO BOX 34 CHARLOTTESVILLE VA 22902 264577927 501 (C)(3) 83333 BUILDING CAPACITY, RESILIENCE, & HEALTH PARTNERSHIPS TREE HOUSE BOOKS 1430 W SUSQUEHANNA AVENUE PHILADELPHIA PA 19121 593802913 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. URBAN AFFAIRS COALITION 1207 CHESTNUT STREET PHILADELPHIA PA 19107 237046393 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. WASHINGTON ASSOCIATION FOR INFANT MENTAL HEALTH 1833 N 105TH STREET 203 SEATTLE WA 98133 464567104 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT WEST PHILADELPHIA ALLIANCE FOR CHILDREN 5070 PARKSIDE AVENUE SUITE 1414 PHILADELPHIA PA 19131 201574860 501 (C)(3) 30000 FINANCIAL LITERACY, FINANCIAL COMMUNICATION, PLANNING AND REPORTING AND FINANCIAL DECISION MAKING. WISCONSIN ALLIANCE FOR INFANT MENTAL HEALTH INC 133 S BUTLER ST SUITE 340 MADISON WI 53703 271258002 501 (C)(3) 10000 PARTICIPATION STIPENDS FOR ORGANIZATIONS IN THE ASSOCIATION FOR INFANT MENTAL HEALTH FINANCIAL TA PROJECT 20 1 PART I, LINE 2: NONPROFIT FINANCE FUND (NFF) MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS PART OF A VARIETY OF INITIATIVES WITH NFF FUNDERS AND IN A MANNER THAT ALIGNS WITH NFF'S MISSION. GRANTS ARE REVIEWED AND APPROVED BASED UPON THE CRITERIA ESTABLISHED BY THE FUNDER AND THE GRANTEES' CAPACITY TO SERVE THEIR COMMUNITIES AND TO FURTHER THEIR CHARITABLE MISSION. GRANTS ARE ONLY DISBURSED AFTER RECEIVING WRITTEN AND SIGNED ACKNOWLEDGEMENT BY THE GRANTEE OF THE RESTRICTIONS ON THE GRANT. AFTER DISBURSEMENT AND DURING TERM OF GRANT, THE GRANTEE IS REQUIRED TO PROVIDE PERIODIC REPORTS RELATED TO GRANT COMPLIANCE. A GRANT MANAGER AT NFF MONITORS THE GRANTEE ORGANIZATION ACCOMPLISHMENTS AND REPORTS BACK TO THE FUNDER ORGANIZATION FUNDING THE INITIATIVE. X X X X 0 0 0 0 0 0 0 1 0 ANTONY BUGG-LEVINE PRESIDENT/CEO 317059 0 57000 0 0 0 21733 0 35055 0 430847 0 0 0 KRISTIN GIANTRIS MANAGING DIRECTOR 251047 0 49000 0 1584 0 18460 0 24112 0 344203 0 0 0 NORAH MCVEIGH MANAGING DIRECTOR 238565 0 46000 0 0 0 17555 0 37894 0 340014 0 0 0 CRAIG REIGEL CFO 239192 0 35000 0 0 0 16378 0 10520 0 301090 0 0 0 JENNIFER TALANSKY MANAGING DIRECTOR 196414 0 35000 0 0 0 14645 0 39663 0 285722 0 0 0 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 172129 0 12000 0 0 0 11193 0 29054 0 224376 0 0 0 ANAND ATTAVANE VP/CONTROLLER 142561 0 11750 0 0 0 9767 0 45877 0 209955 0 0 0 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 173393 0 14000 0 0 0 11330 0 1883 0 200606 0 0 0 KATHYRN OLSEN VP LENDING - FINANCIAL SERVICES 160078 0 11480 0 0 0 10333 0 1600 0 183491 0 0 0 SANDI CLEMENT MCKINLEY VP/ADVISORY SERVICES 139830 0 15000 0 0 0 10065 0 15635 0 180530 0 0 0 PART I, LINE 7 THE BOARD DETERMINED THE CEO'S ANNUAL BONUS BY REVIEWING THE CEO'S PERFORMANCE AGAINST ESTABLISHED GOALS. THE BOARD REVIEWED, APPROVED AND DETERMINED AGGREGATE BONUS FOR THOSE/THE SENIOR STAFF DIRECTLY REPORTING TO THE CEO. FOR OTHER HIGHLY COMPENSATED EMPLOYEES THE INDIVIDUAL BONUSES WERE DETERMINED BY THEIR MANAGERS ACCORDING TO NFF POLICY, AND APPROVED BY THE CEO AND THE CFO. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS PREPARED BY AN EXTERNAL PROFESSIONAL ACCOUNTING FIRM AND IS REVIEWED BY INTERNAL MANAGEMENT/CFO. UPON COMPLETION OF A DRAFT VERSION OF THE FORM 990, THE DRAFT IS SENT VIA ELECTRONIC MAIL TO MEMBERS OF THE AUDIT COMMITTEE OF NONPROFIT FINANCE FUND FOR THEIR PRELIMINARY REVIEW. THESE MATERIALS ARE SENT IN ADVANCE OF THE MEETING. DURING THE MEETING, A REVIEW OF THE FORM IS CONDUCTED AND THE COMMITTEE EITHER APPROVES THE 990 OR RECOMMENDS CHANGES, WHICH ARE SUBSEQUENTLY MADE AND REDISTRIBUTED TO COMMITTEE MEMBERS VIA ELECTRONIC MAIL FOR THEIR APPROVAL. THE MEMBERS MAY ALSO ELECT TO HOLD A SECOND MEETING TO REVIEW ANY CHANGES. ONCE THE DRAFT IS APPROVED, THE 990 IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NONPROFIT FINANCE FUND'S CONFLICT OF INTEREST AND DISCLOSURE POLICY WAS REVISED IN 2014. THE POLICY IS APPLICABLE TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES. AT THE BEGINNING OF EACH YEAR, ALL SUCH PERSONS ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE POLICY REQUIRES THAT ALL POTENTIAL CONFLICTS BE REPORTED TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE TO DETERMINE IF A CONFLICT EXISTS AND IF SO, THAT IT BE ADDRESSED IN AN APPROPRIATE MANNER CONSISTENT WITH THE POLICY. THE POLICIES ALSO PROVIDE THAT INTERESTED PERSONS MAY NOT PARTICIPATE WHEN A POTENTIAL CONFLICT IS DETERMINED NOR BE PRESENT FOR THE APPROVAL OF ANY TRANSACTION OR BUSINESS INVOLVING THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15 NONPROFIT FINANCE FUND'S BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CEO. IN 2012 THE BOARD APPROVED THE COMPENSATION COMMITTEE'S RECOMMENDATION OF BASE SALARY AND TARGET BONUS. THESE RECOMMENDATIONS WERE BASED UPON FACTORS INCLUDING COMPENSATION PAID BY SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. IN 2019, THE BOARD REVIEWED THE CEO'S PERFORMANCE AGAINST ESTABLISHED GOALS, AND THEN ADJUSTED THE CEO'S BASE SALARY FOR 2020 AND ANNUAL BONUS FOR 2019. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE CEO ARE PAID SALARIES DETERMINED BY THE CEO. FOR 2019 THE BOARD REVIEWED AND APPROVED A TOTAL POOL FOR BASE SALARY CHANGES AND BONUSES FOR THIS GROUP. THIS APPROVAL WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE CEO DETERMINED THE AMOUNT OF EACH INDIVIDUAL ADJUSTMENT AND BONUS WITHIN THOSE POOLS BASED UPON ENTERPRISE AND INDIVIDUAL PERFORMANCE AND SCOPE OF RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE. IN ADDITION, FORMS 990 AND 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST DIRECTED TO THE NONPROFIT FINANCE FUND, 5 HANOVER SQUARE, 9TH FLOOR, NEW YORK, NY 10004, OR BY CALLING THE ORGANIZATION AT 212-868-6710. FORM 990, PART XI, LINE 9: ADJUSTMENT ON PRIOR YEAR'S GRANT REVENUE -150,000. FORM 990, PART XII, LINE 2C: NONPROFIT FINANCE FUND HAS AN AUDIT COMMITTEE, COMPOSED OF INDEPENDENT BOARD MEMBERS, THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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