LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE (EIN 26-0003950)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-06-29
- IRS object ID
- 202011819349302006
- Schema version
- 2018v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-06-29T14:51:36-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 132781641 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL & TITUS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 PINE STREET 32 FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 260003950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIVING CITIES INC THE NATIONAL COMMUNITY | BusinessNameLine1Txt |
| Business Name Line2 | DEVELOPMENT INITIATIVE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LIVI | BusinessNameControlTxt |
| Phone | 6464422200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1040 AVENUE OF THE AMERICAS NO 17 F | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BEN HECHT | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6464422200 | PhoneNum |
| Signature | 2020-06-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK E DAVIS JR | PreparerPersonNm |
| PTIN | P00446023 | PTIN |
| Phone | 2127094500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 71.105.177.100 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-06-29 | IPDt |
| IP Tm | 14:29:52 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 63F89715E85B555286EE203B233E5D261317E111 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BEN HECHT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1040 AVENUE OF THE AMERICAS NO 17 F | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,349,222 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LIVINGCITIES.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 54 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,809,243 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,337,789 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $548,578 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $897,524 | CYProgramServiceRevenueAmt |
| PY Investment Income | $56,579 | PYInvestmentIncomeAmt |
| CY Investment Income | $81,936 | CYInvestmentIncomeAmt |
| PY Other Revenue | $88,627 | PYOtherRevenueAmt |
| CY Other Revenue | $31,973 | CYOtherRevenueAmt |
| PY Total Revenue | $2,503,027 | PYTotalRevenueAmt |
| CY Total Revenue | $11,349,222 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,225,226 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,126,850 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,759,543 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,272,151 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $379,967 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,373,496 | PYOtherExpensesAmt |
| CY Other Expenses | $6,047,235 | CYOtherExpensesAmt |
| PY Total Expenses | $14,358,265 | PYTotalExpensesAmt |
| CY Total Expenses | $15,446,236 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$11,855,238 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,097,014 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $51,737,225 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,675,708 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $31,448,814 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $30,204,816 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,288,411 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,470,892 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,353,317 | ExpenseAmt |
| Grant | $254,000 | GrantAmt |
| Desc | KNOWLEDGE & INFLUENCE - WORK IN THIS AREA INCLUDES THE ORGANIZATIONAL EVALUATION OF LIVING CITIES AS WELL AS INITIATIVES TO FOSTER THE SPREAD OF EXPERIMENTATION AND ADOPTION OF PROMISING APPROACHES BY ADOPTING AN OPEN SOURCED AND NETWORKED APPROACH TO SHARE KNOWLEDGE. LIVING CITIES WORKS CLOSELY WITH NETWORKS OF PRACTITIONERS TO RAPIDLY PROTOTYPE AND SHARE WHAT IS BEING LEARNED IN REAL-TIME WITH THE BROADER SOCIAL CHANGE FIELD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,994,415 | ExpenseAmt |
| Grant | $485,000 | GrantAmt |
| Desc | CITY ACCELERATOR COHORTS - THE CITY ACCELERATOR, AN INITIATIVE OF THE CITI FOUNDATION AND LIVING CITIES, WORKS WITHIN AND ACROSS CITIES TO ADVANCE AND PROMOTE THE SPREAD OF PROMISING INNOVATIONS THAT WILL HAVE A SIGNIFICANT IMPACT IN THE LIVES OF RESIDENTS. SINCE 2014, THE CITY ACCELERATOR HAS SELECTED 21 U.S. CITIES TO PILOT INNOVATIVE EFFORTS THAT GENERATE ECONOMIC OPPORTUNITIES FOR LOW-INCOME POPULATIONS AND HELP MUNICIPALITIES RUN MORE EFFECTIVELY. PARTICIPATING CITIES ALSO BENEFIT FROM ONGOING INTERACTION WITH LEADING PRACTITIONERS FROM AROUND THE COUNTRY AND SHARE LESSONS LEARNED TO HELP OTHER CITIES ADVANCE SIMILAR WORK. CITY ACCELERATOR IS A $7.395 MILLION (COMBINED SIX YEARS) INITIATIVE LED BY LIVING CITIES AND SUPPORTED BY THE CITI FOUNDATION TO ADVANCE INNOVATION IN LOCAL GOVERNMENT. IN A PERIOD OF POLARIZED NATIONAL POLITICS, CITIZENS ARE LOOKING TO CITY GOVERNMENTS TO SOLVE CHALLENGES. THE CHALLENGES CITIES FACE ARE COMPLEX, SO IT TAKES INPUT FROM DIFFERENT SECTORS, DEPARTMENTS AND COMMUNITIES TO DEVELOP INNOVATIVE SOLUTIONS. CITY ACCELERATOR BROUGHT CITIES TOGETHER TO PILOT NEW IDEAS, DISCARD WHAT FAILS AND SCALE WHAT WORKS. CITIES BROKE DOWN BARRIERS BETWEEN DIFFERENT DEPARTMENTS AND AGENCIES OF GOVERNMENT TO CREATE NEW PARTNERSHIPS THAT SCALED INNOVATION.CITY GOVERNMENTS ENGAGED DIRECTLY WITH LOCAL COMMUNITIES TO UNDERSTAND HOW TO DELIVER SERVICES IN A MORE EFFICIENT AND EFFECTIVE WAY. CITIES CREATED A CULTURE OF INNOVATION BY ENCOURAGING PEOPLE AT ALL LEVELS OF CITY GOVERNMENT TO DEVELOP, CREATE AND IMPLEMENT IDEAS THAT BREAK THE STATUS QUO. CITY ACCELERATOR CAN SERVE AS A MODEL TO SCALE LOCAL GOVERNMENT INNOVATION TO CITIES ACROSS THE U.S. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,914,657 | ExpenseAmt |
| Grant | $50,000 | GrantAmt |
| Desc | PRIVATE SECTOR INNOVATION - BY WORKING WITH PUBLIC SECTOR LEADERS TO FOSTER MORE NIMBLE, COLLABORATIVE, AND DATA-DRIVEN LOCAL GOVERNMENTS, LIVING CITIES SEEKS TO CHANGE THE CONVERSATION ABOUT CITIES BY PROMOTING THE ASSETS AND POTENTIAL OF URBAN NEIGHBORHOODS AND THEIR RESIDENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,028,201 | ExpenseAmt |
| Grant | $2,337,850 | GrantAmt |
| Revenue | $509,131 | RevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $5,028,201 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $2,337,850 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $509,131 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $12,290,590 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 60 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 54 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTHER MENSAH-SULLIVAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6464422222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 M STREET NW SUITE 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BEN HECHT | ||||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $468,694 | $0 | $50,759 | ||
| PATRICK MCCARTHY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW PLEPLER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BRANDEE MCHALE | ||||||||
| BOARD MEMBER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| XAVIER DESOUZA BRIGGS | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JILL NISHI | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BARBARA PICOWER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RIP RAPSON | ||||||||
| BOARD MEMBER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CRAIG HOWARD | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LEE SHEEHY | ||||||||
| BOARD MEMBER SINCE 9/2017 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DENNIS WHITE | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LATA REDDY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD BESSER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RYAN WHALEN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILLIP HENDERSON | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOE SCANTLEBURY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM BAEK | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MIKE RIZER | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOAN TALLY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ELODIE BAQUEROT | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | $253,989 | $0 | $37,481 | Yes (X) | |||
| JULIE BOSLAND | ||||||||
| ASSOC DIR, PUBLIC SECTOR I | 40.00 | $160,988 | $0 | $28,852 | Yes (X) | |||
| DEMETRIC DUCKETT | ||||||||
| ASSOC DIR, CAPITAL INNOVAT | 40.00 | $179,965 | $0 | $22,617 | Yes (X) | |||
| STEVEN BOSACKER | ||||||||
| DIRECTOR, PUBLIC SECTOR IN | 40.00 | $200,907 | $0 | $45,636 | Yes (X) | |||
| JANAY QUEEN NAZAIRE | ||||||||
| DIRECTOR, THE INTEGRATION | 40.00 | $189,163 | $0 | $37,032 | Yes (X) | |||
| MATHEW SMITH | ||||||||
| DIRECTOR, OPERATIONS & FIN | 40.00 | $178,438 | $0 | $19,869 | Yes (X) | |||
| ESTHER MENSAH-SULLIVAN | ||||||||
| CONTROLLER | 40.00 | $129,897 | $0 | $19,003 | Yes (X) | |||
| ELIZABETH REYNOSO | ||||||||
| ASSOC DIR, PUBLIC SECTOR I | 40.00 | $166,073 | $0 | $5,623 | Yes (X) | |||
| ELLEN WARD | ||||||||
| CHIEF OF STAFF | 40.00 | $159,344 | $0 | $30,433 | Yes (X) | |||
| BRINDA GANGULY | ||||||||
| MAN. DIR-CATALYST LOAN FUN | 40.00 | $207,892 | $0 | $30,638 | Yes (X) | |||
| NADIA OWUSU | ||||||||
| ASSOC DIR-FOR LEARNING & E | 40.00 | $172,971 | $0 | $21,724 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,468,321 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $349,667 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SLALOM LLC | |||||
| PO BOX 1017416 | PASADENA | CA | 91189 | CONSULTING SERVICES | $308,339 |
| 1040 AVENUE OF THE AMERICAS LLC | |||||
| PO BOX 765 | SHORT HILLS | NJ | 07078 | RENT | $238,190 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $10,337,789 | AllOtherContributionsAmt |
| Total Contributions | $10,337,789 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN FEES AND INTEREST | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $897,524 | TotalRevenueColumnAmt |
| Exclusion | $897,524 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $897,524 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,936 | TotalRevenueColumnAmt |
| Exclusion | $81,936 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $31,973 | TotalRevenueColumnAmt |
| Exclusion | $31,973 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $31,973 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,349,222 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,011,433 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,738,255 | TotalAmt |
| Program Services | $2,738,255 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,595 | TotalAmt |
| Program Services | $388,595 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,468,321 | TotalAmt |
| Program Services | $1,485,693 | ProgramServicesAmt |
| Management And General | $833,097 | ManagementAndGeneralAmt |
| Fundraising | $149,531 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,626,127 | TotalAmt |
| Program Services | $1,580,677 | ProgramServicesAmt |
| Management And General | $886,359 | ManagementAndGeneralAmt |
| Fundraising | $159,091 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,808 | TotalAmt |
| Program Services | $191,892 | ProgramServicesAmt |
| Management And General | $107,603 | ManagementAndGeneralAmt |
| Fundraising | $19,313 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $549,580 | TotalAmt |
| Program Services | $330,794 | ProgramServicesAmt |
| Management And General | $185,492 | ManagementAndGeneralAmt |
| Fundraising | $33,294 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $309,315 | TotalAmt |
| Program Services | $186,178 | ProgramServicesAmt |
| Management And General | $104,399 | ManagementAndGeneralAmt |
| Fundraising | $18,738 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,349,195 | TotalAmt |
| Program Services | $3,041,330 | ProgramServicesAmt |
| Management And General | $307,865 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,181 | TotalAmt |
| Program Services | $116,107 | ProgramServicesAmt |
| Management And General | $13,074 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,800 | TotalAmt |
| Program Services | $58,860 | ProgramServicesAmt |
| Management And General | $11,940 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,618 | TotalAmt |
| Program Services | $26,286 | ProgramServicesAmt |
| Management And General | $5,332 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,067 | TotalAmt |
| Program Services | $111,458 | ProgramServicesAmt |
| Management And General | $22,609 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,808 | TotalAmt |
| Program Services | $131,195 | ProgramServicesAmt |
| Management And General | $26,613 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,380 | TotalAmt |
| Program Services | $417,658 | ProgramServicesAmt |
| Management And General | $84,722 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,187 | TotalAmt |
| Program Services | $388,047 | ProgramServicesAmt |
| Management And General | $89,140 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,763 | TotalAmt |
| Program Services | $452,558 | ProgramServicesAmt |
| Management And General | $73,205 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $443,288 | TotalAmt |
| Program Services | $443,288 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,840 | TotalAmt |
| Program Services | $64,713 | ProgramServicesAmt |
| Management And General | $13,127 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,804 | TotalAmt |
| Program Services | $25,609 | ProgramServicesAmt |
| Management And General | $5,195 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN LOSS RESERVE EXPEN | $81,911 | $81,911 | |
| OTHER EXPENSE | $35,393 | $29,486 | $5,907 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,446,236 | TotalAmt |
| Program Services | $12,290,590 | ProgramServicesAmt |
| Management And General | $2,775,679 | ManagementAndGeneralAmt |
| Fundraising | $379,967 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,414,410 | BOYAmt |
| EOY | $11,283,165 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,392,465 | BOYAmt |
| EOY | $1,952,868 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,111,695 | BOYAmt |
| EOY | $5,474,902 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,390 | BOYAmt |
| EOY | $57,240 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $900,835 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $670,419 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $297,424 | BOYAmt |
| EOY | $230,416 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,589,212 | BOYAmt |
| EOY | $6,116,009 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,737,925 | BOYAmt |
| EOY | $21,479,641 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,704 | BOYAmt |
| EOY | $81,467 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,737,225 | BOYAmt |
| EOY | $46,675,708 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $573,243 | BOYAmt |
| EOY | $562,708 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $915,178 | BOYAmt |
| EOY | $708,581 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,718,991 | BOYAmt |
| EOY | $28,336,304 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,402 | BOYAmt |
| EOY | $597,223 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,448,814 | BOYAmt |
| EOY | $30,204,816 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,429,353 | BOYAmt |
| EOY | $9,583,867 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,859,058 | BOYAmt |
| EOY | $6,887,025 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,288,411 | BOYAmt |
| EOY | $16,470,892 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,737,225 | BOYAmt |
| EOY | $46,675,708 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$4,097,014 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $279,495 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,611,829 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,118,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,128,179 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,809,243 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,337,789 | CurrentTaxYearAmt |
| Total | $58,005,773 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,611,829 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,118,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,128,179 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,809,243 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,337,789 | CurrentTaxYearAmt |
| Total | $58,005,773 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $37,511,500 | SubstantialContributorsTotAmt |
| Public Support Total170 | $20,494,273 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,751 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,827 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $28,168 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $56,579 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $470,328 | CurrentTaxYearAmt |
| Total | $606,653 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,320 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,367 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $88,627 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,973 | CurrentTaxYearAmt |
| Total | $134,998 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $58,747,424 | TotalSupportAmt |
| Public Support CY170 | 0.34890 | PublicSupportCY170Pct |
| Public Support PY170 | 0.35370 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $249,114 | OtherCostOrOtherBasisAmt |
| Depreciation | $141,470 | DepreciationAmt |
| Book Value | $107,644 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $651,721 | OtherCostOrOtherBasisAmt |
| Depreciation | $528,949 | DepreciationAmt |
| Book Value | $122,772 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $230,416 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NOTES AND LOANS RECEIVABLE | $19,346,503 | F |
| 4.0% SOCIAL FINANCE LLC | $254,500 | C |
| 2.0% IMPACT VENTURES III LP | $590,821 | C |
| 2.5% URBAN INNOVATION FD I LP | $400,000 | C |
| 5.2% MA PATHWAYS TO ECON ADV | $650,000 | C |
| DOMESTIC SMALL CAP PFS FUND I, LP | $237,817 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $21,479,641 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED RENT | $208,628 |
| REFUNDABLE ADVANCE | $388,595 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $597,223 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,628,717 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $279,495 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $279,495 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,349,222 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,349,222 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,446,236 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,446,236 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,446,236 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR FURTHER DISCLOSURE IN THE NOTES TO THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | GRANTMAKING | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $388,595 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $388,595 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $388,595 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | RegionTxt |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrantTxt |
| Cash Grant | $388,595 | CashGrantAmt |
| Manner Of Cash Disbursement | ELECTRONIC | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL ACTIVITIES REPORTED ON SCHEDULE F, PART I & PART II ARE REPORTED USING THE ACRUAL METHOD SCHEDULE F, PART I PROCEDURE FOR MONITORING USE OF FUNDS: PROGRAM MILESTONES, PERIODIC REPORTS AND FINANCIAL REPORTS ARE REQUIRED OF EACH GRANTEE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (30 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| ASSOCIATION OF GREATER BALTIMORE AREA GRANTMAKERS | |||||||
| 2 E READ ST 2ND FLR | BALTIMORE | NY | 21202 | 521326863 | 501(C)(3) | $50,000 | SEE PART IV |
| NEWARK COMMUNITY ECONOMIC DEVELOPMENT CORPORATION | |||||||
| 260829057 | 501(C)(3) | $100,000 | SEE PART IV | ||||
| THE SAN FRANCISCO FOUNDATION | |||||||
| ONE EMBARCADERO CT | SAN FRANCISCO | CA | 94111 | 271067272 | 501(C)(3) | $210,000 | SEE PART IV |
| CITY OF ROCHESTER | |||||||
| CITY OF ROCHESTER | $100,000 | SEE PART IV | |||||
| CITY OF EL PASO | |||||||
| CITY OF EL PASO | $100,000 | SEE PART IV | |||||
| CITY OF LONG BEACH | |||||||
| CITY OF LONG BEACH | $100,000 | SEE PART IV | |||||
| NUSENDA CREDIT UNION FOUNDATION | |||||||
| 471284916 | 501(C)(3) | $210,000 | SEE PART IV | ||||
| CAMPAIGN FOR BLACK MALE ACHIEVEMENT | |||||||
| 570 LEXINGTON AVE 5TH FL | NEW YORK | NY | 10022 | 472532282 | 501(C)(3) | $14,000 | SEE PART IV |
| FEDERAL CITY COUNCIL | |||||||
| 530219643 | $6,000 | SEE PART IV | |||||
| ATLANTA DEVELOPMENT AUTHORITY | |||||||
| 582322663 | $100,000 | SEE PART IV | |||||
| METRO SOURCE LLC | |||||||
| 721432069 | $75,000 | SEE PART IV | |||||
| FRONTLINE ACTIVIST - NATHAN CUMMINGS FDN GRANT RECEIPT | |||||||
| 273450837 | $100,000 | SEE PART IV | |||||
| THE URBAN INSTITUTE | |||||||
| 520880375 | $120,000 | SEE PART IV | |||||
| CENTER FOR ECONOMIC INCLUSION | |||||||
| 1015 4TH AVE N STE 202 | MINNEAPOLIS | MN | 55405 | 823563111 | 501(C)(3) | $160,000 | SEE PART IV |
| NEWARK ALLICANCE | |||||||
| 223664305 | $10,000 | SEE PART IV | |||||
| ALBUQUERQUE COMMUNITY FOUNDATION | |||||||
| 850295444 | 501(C)(3) | $75,000 | SEE PART IV | ||||
| FRONTLINE SOLUTIONS - WK KELLOGG FOUNDATION PASS-THRU | |||||||
| 273450837 | $276,250 | SEE PART IV | |||||
| 42PHI VENTURES | |||||||
| $75,000 | SEE PART IV | ||||||
| KING COUNTY DEPARTMENT OF COMMUNITY & HS | |||||||
| $10,000 | SEE PART IV | ||||||
| NEW ORLEANS BUSINESS ALLIANCE | |||||||
| $60,000 | SEE PART IV | ||||||
| CF-LEADS | |||||||
| 431645180 | $150,000 | SEE PART IV | |||||
| TRANSFORM | |||||||
| $5,000 | SEE PART IV | ||||||
| IMPACT AMERICA | |||||||
| 471675553 | 501(C)(3) | $125,000 | SEE PART IV | ||||
| OPPORTUNITY HUB | |||||||
| $15,000 | SEE PART IV | ||||||
| CAPITAL IMPACT PARTNERS | |||||||
| 521290127 | $25,000 | SEE PART IV | |||||
| INTERNATIONAL CITYCOUNTY MANAGEMENT ASSOCIATION | |||||||
| 362167755 | $50,000 | SEE PART IV | |||||
| BORROWERS | |||||||
| $702,005 | SEE PART IV | ||||||
| CAPITAL IMPACT PARTNERS RETURN OF FUNDS | |||||||
| 521290127 | -$250,000 | SEE PART IV | |||||
| CODE OF AMERICA | |||||||
| -$15,000 | SEE PART IV | ||||||
| SAY YES BUFFALO | |||||||
| -$20,000 | SEE PART IV | ||||||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I DESCRIPTION OF PROCEDURE FOR MONITORING USE OF FUNDS: | FormAndLineReferenceDesc |
| Explanation | PROGRAM MILESTONES, PERIODIC REPORTS AND FINANCIAL REPORTS ARE REQUIRED OF EACH GRANTEE. PART II PURPOSE OF GRANT OR ASSISTANCE: PAGE 1: (1)SUPPORT OF WORK RELATED TO CREATE COHORT TII (2)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (3)SUPPORT OF WORK RELATED TO CREATE COHORT TII (4)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (5)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT (6)SUPPORT WORK RELATED TO CITY ACCELERATOR'S JOB GROWTH COHORT PAGE 2 (7)SUPPORT OF WORK RELATED TO CREATE COHORT TII (8)SPONSORSHIP (9)SUPPORT A TEAM OF STAKEHOLDERS LED BY FEDERAL CITY COUNCIL IN STRUCTURING A FINANCIAL PRODUCT TO PILOT THE DEVELOPMENT OF AFFORDABLE DWELLING UNITS (10)SUPPORT CITY ACCELERATOR COHORT 5 (11)SUPPORT SU3 WORK IN ALBUQUERQUE (12)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS (13)COMPLETE RESEARCH ON RACIAL HOMEOWNERSHIP GAPS (14)SUPPORT OF WORK RELATED TO CREATE COHORT TII (15)SUPPORT OF WORK RELATED TO CREATE COHORT TII PAGE 3: (16)SUPPORT SU3 WORK IN ALBUQUERQUE (17)SUPPORT FISCAL SPONSORSHIP-FRONTLINE SOLUTIONS. (18)SUPPORT SU3 WORK IN SAN FRANCISCO (19)SUPPORT ADVANCING CITIES CHALLENGE (20)SUPPORT OF WORK RELATED TO CREATE COHORT TII (21)GENERAL OPERATING SUPPORT (22)CHAMPION-LEVEL SPONSOR FOR THE TRANSFORM (23)GENERAL OPERATING SUPPORT (24)HBCU @SXSW SUPPORTING PARTNERSHIP PAGE 4: (25)GENERAL OPERATING SUPPORT (26)FOR THE DEVELOPMENT OF A PROTOTYPE TRAINING CURRICULUM (27)INHERENT CONTRIBUTION ON BELOW MARKET RATE LOANS (28)RETURN OF UN-SPENT SUB-AWARD IN SUPPORT OF WCIF (29)SUBAWARD REVERSAL DUE TO UNMET PROJECT DELIVERABLES (30)SUBAWARD EXPENSE CORRECTION | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEN HECHT | ||||||||||||||
| PRESIDENT & CEO | $425,694 | $0 | $43,000 | $0 | $0 | $0 | $49,315 | $0 | $1,444 | $0 | $519,453 | $0 | $0 | $0 |
| ELODIE BAQUEROT | ||||||||||||||
| CHIEF OPERATING OFFICER | $233,989 | $0 | $20,000 | $0 | $0 | $0 | $34,660 | $0 | $2,821 | $0 | $291,470 | $0 | $0 | $0 |
| JULIE BOSLAND | ||||||||||||||
| ASSOC DIR, PUBLIC SECTOR I | $158,988 | $0 | $2,000 | $0 | $0 | $0 | $26,250 | $0 | $2,602 | $0 | $189,840 | $0 | $0 | $0 |
| DEMETRIC DUCKETT | ||||||||||||||
| ASSOC DIR, CAPITAL INNOVAT | $177,965 | $0 | $2,000 | $0 | $0 | $0 | $19,949 | $0 | $2,668 | $0 | $202,582 | $0 | $0 | $0 |
| STEVEN BOSACKER | ||||||||||||||
| DIRECTOR, PUBLIC SECTOR IN | $200,907 | $0 | $0 | $0 | $0 | $0 | $42,965 | $0 | $2,671 | $0 | $246,543 | $0 | $0 | $0 |
| JANAY QUEEN NAZAIRE | ||||||||||||||
| DIRECTOR, THE INTEGRATION | $184,163 | $0 | $5,000 | $0 | $0 | $0 | $34,348 | $0 | $2,684 | $0 | $226,195 | $0 | $0 | $0 |
| MATHEW SMITH | ||||||||||||||
| DIRECTOR, OPERATIONS & FIN | $173,438 | $0 | $5,000 | $0 | $0 | $0 | $17,255 | $0 | $2,614 | $0 | $198,307 | $0 | $0 | $0 |
| ELIZABETH REYNOSO | ||||||||||||||
| ASSOC DIR, PUBLIC SECTOR I | $164,073 | $0 | $2,000 | $0 | $0 | $0 | $3,128 | $0 | $2,495 | $0 | $171,696 | $0 | $0 | $0 |
| ELLEN WARD | ||||||||||||||
| CHIEF OF STAFF | $157,344 | $0 | $2,000 | $0 | $0 | $0 | $27,978 | $0 | $2,455 | $0 | $189,777 | $0 | $0 | $0 |
| BRINDA GANGULY | ||||||||||||||
| MAN. DIR-CATALYST LOAN FUN | $202,892 | $0 | $5,000 | $0 | $0 | $0 | $27,896 | $0 | $2,742 | $0 | $238,530 | $0 | $0 | $0 |
| NADIA OWUSU | ||||||||||||||
| ASSOC DIR-FOR LEARNING & E | $170,971 | $0 | $2,000 | $0 | $0 | $0 | $19,225 | $0 | $2,499 | $0 | $194,695 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | EACH "FUNDING ORGANIZATION" HAS THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, MITCHELL TITUS, LLP, BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S CFO, AND IS REVIEWED BY THE ORGANIZATION'S CEO AND THE CFO AND THE AUDIT COMMITTEE PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EMPLOYEES MUST SIGN A CONFLICT OF INTERST DISCLOSURE STATEMENT WHEN HIRED; THE STATEMENT EXPLICITLY REQUIRES THE EMPLOYEE TO REPORT, TO FILE, AND AMEND STATEMENT WITH THE CEO IF A CONFLICT MAY ARISE DURING THEIR TENURE. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN 2013, THE ORGANIZATION RETAINED A COMPENSATION CONSULTANT TO REVIEW AND CONFIRM THE SALARY RANGES OF ALL POSITIONS IN THE ORGANIZATION. THE RESULTS OF THAT STUDY WERE UPDATED IN 2015, FISCAL YEAR 2016. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| LIVING CITIES CATALYST FUND LLC | ||||||||
| 1040 AVENUE OF THE AMERICAS | NEW YORK | NY | 10018 | 262987680 | PRI LENDER | DE | $25,410,825 | LCI |
| LIVING CITIES BLENDED CATALYST FUND LLC | ||||||||
| 1040 AVENUE OF THE AMERICAS | NEW YORK | NY | 10018 | 300889697 | PRI LENDER | DE | LCI | |