2020-06-18T09:46:53-07:00 2019-12-31 West Davis & Company LLP 11824 Jollyville Road Suite 100 Austin TX 78759 990 2019-01-01 742712770 LIFTFUND INC LIFT 2102263664 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 JANIE BARRERA PRESIDENT & CEO 2102263664 2020-06-18 true Rob West CPA P00218847 5038286650 74.81.88.82 2020-06-18 09:46:47 PD P 95038A0D546853ECDA547CCFC440023C7E74FF5F 95038A0D546853ECDA547CCFC440023C7E74FF5F 2019 2020-09-23 17:36:50Z JANIE BARRERA 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 21937195 false X WWW.LIFTFUND.COM X 1994 TX LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. 16 16 122 9 0 0 6866526 8651906 10776171 8893643 871368 454021 194963 175737 18709028 18175307 0 0 8556346 8297731 0 1062498 9865465 9432221 18421811 17729952 287217 445355 72128804 70787869 57569321 55992965 14559483 14794904 LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. THROUGH ITS LOANS AND SERVICES, LIFTFUND HELPS MICRO ENTREPRENEURS STRENGTHEN THEIR BUSINESSES, STABILIZE AND INCREASE THEIR INCOMES, CREATE ADDITIONAL EMPLOYMENT AND CONTRIBUTE TO THE ECONOMIC REVITALIZATION OF THEIR COMMUNITIES. false false 15874617 0 8893643 LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. 682 NEW LOANS WERE CLOSED IN THE FISCAL YEAR ENDED 12/31/2019. WITH MORE THAN $40 MILLION IN LOANS OUTSTANDING AS OF DECEMBER 31, 2019, LIFTFUND IS REGARDED AS ONE OF THE LARGEST AND BEST PERFORMING MICROFINANCE INSTITUTION IN THE UNITED STATES. WITH ITS MICROLOAN MANAGEMENT SERVICES, LIFTFUND HELPS OTHER MICRO LENDERS ACROSS THE UNITED STATES ACHIEVE ECONOMICS OF SCALE AND EXPAND THE REACH OF THEIR PROGRAMS. THROUGH ITS LOANS AND SERVICES, LIFTFUND HAS HELPED CREATE OR RETAIN THOUSANDS OF JOBS IN LOW TO MODERATE INCOME AREAS, CONTRIBUTING TO THE ECONOMIC REVITALIZATION OF UNDERSERVED COMMUNITIES. 15874617 true true false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false true false false false true true true true false false true 58 0 true 122 true false false false false false true true false false false false X 16 16 false false false false false false false true false false false true true true true true true true false false X MARK KING 8882152373 2007 WEST MARTIN STREET SAN ANTONIO TX 78207 JANIE BARRERA PRESIDENT & CEO 40.00 X 153686 0 73703 RICHARD RUEBE COO/CFO 40.00 X 104317 0 13293 GEN JIMMIE KEENAN CHAIR 1.00 X 0 0 0 JIM ADAMS DIRECTOR 1.00 X 0 0 0 WILLIAM MOLL DIRECTOR 1.00 X 0 0 0 JAMES DREIBELBIS DIRECTOR 1.00 X 0 0 0 SHANKAR ARORA DIRECTOR 1.00 X 0 0 0 MELINDA GUERRA-REEVES DIRECTOR 1.00 X 0 0 0 REY OCANAS DIRECTOR 1.00 X 0 0 0 DICK SCHLOSBERG DIRECTOR 1.00 X 0 0 0 DR GP SINGH DIRECTOR 1.00 X 0 0 0 MICHELE HOSKINS DIRECTOR 1.00 X 0 0 0 ANA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 KATHRYN SNAPKA DIRECTOR 1.00 X 0 0 0 JOHN CHAMBERLAIN DIRECTOR 1.00 X 0 0 0 WAYNE ALEXANDER DIRECTOR 1.00 X 0 0 0 JEFF BROUILLARD DIRECTOR 1.00 X 0 0 0 MORRIS CAMP DIRECTOR 1.00 X 0 0 0 BOB SCHRAITLE SR VP BUSINESS DEV 40.00 X 119553 0 10201 NELLY ROJAS-MORENO CHIEF CREDIT OFFICER 40.00 X 105085 0 1687 ADRIAN GONZALES VP LARGE LOANS 40.00 X 103405 0 9852 586046 0 108736 5 false true false RING CENTRAL 20 DAVIS DRIVE BELMONT CA 94002 IT PROJECT SUPPORT 109146 HAYDEN CUNNINGHAM 7750 BROADWAY SAN ANTONIO TX 78209 COLLECTION SERVICES 130232 ATT PO BOX 105414 ATLANTA GA 30348 NETWORK SERVICES 238411 PRUDENT LENDERS 50 BEAVER STREET ALBANY NY 12207 PORTFOLIO SERVICING 218318 4 3447469 5204437 1222717 8651906 LOAN INTEREST AND FEES 522291 6633031 0 0 PORTFOLIO MANAGEMENT 522291 317234 0 0 SBA 504 INCOME 522291 1943378 0 0 8893643 39595 0 39595 120751 120751 120751 120751 4176314 3761888 414426 414426 414426 0 0 MISCELLANEOUS 522291 54986 54986 0 0 54986 18175307 9363055 0 160346 694782 503531 20709 170542 6256869 5442676 339832 474361 193853 153607 23267 16979 641318 508174 76972 56172 510909 441840 20308 48761 175053 145006 30047 0 31700 12680 19020 0 877234 666240 74289 136705 179749 169290 1917 8542 330317 305653 14165 10499 533462 516314 8574 8574 538205 518343 9931 9931 160560 138474 22086 0 206263 163705 7536 35022 2725392 2725392 0 0 392000 344882 23559 23559 188578 173190 7694 7694 BAD DEBT EXPENSES 1866909 1866909 0 0 PORTFOLIO EXPENSES 508097 508097 0 0 EQUIPMENT RENTAL & MAIN 198188 182010 8089 8089 DUES & SUBSCRIPTIONS 170633 110862 57427 2344 349881 277742 27415 44724 17729952 15874617 792837 1062498 7943242 4250693 4528677 4704996 4036831 5819280 790557 1361802 50267586 49829534 11000 11000 488135 494160 5938664 3945600 2249759 1993064 845884 732808 0 833333 967133 757199 72128804 70787869 1592363 3417682 1494605 817964 17876135 9603043 23413718 28881776 13192500 13272500 57569321 55992965 X 9205455 10565388 5354028 4229516 14559483 14794904 72128804 70787869 445355 -209934 X false true X true true true X 0 8252780 8671510 6916973 6866526 7429189 38136978 0 0 8252780 8671510 6916973 6866526 7429189 38136978 4573103 33563875 38601 92231 177746 198742 160346 667666 0 0 38804644 0.86490 0.86940 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 413568 413568 2002019 861189 1140830 3523077 3084411 438666 1993064 INVESTMENT IN ACCION MARTIN HOLDINGS, INC. 757381 INVESTMENT IN LIFTFUND FUNDING I, LLC -182 757199 EQUITY EQUIVALENTS 10022500 LIFTFUND FUNDING NOTE PAYABLE 3250000 13272500 X X X false false false false false false false false false JANIE BARRERA 153686 0 0 0 0 0 67415 0 6288 0 227389 0 0 0 X BELOW MARKET LOANS 152 1222717 MARKET RATE 4.75% false false false Pt VI, Line 11b THE FORM 990 IS E-MAILED TO EACH DIRECTOR PRIOR TO Pt VI, Line 11b FILING FOR THEIR REVIEW AND APPROVAL. Pt VI, Line 12c THE MEMBERS OF THE BOARD ANNUALLY SIGN STATEMENTS OF Pt VI, Line 12c NON-CONFLICT OF INTEREST. Pt VI, Line 15a THE BOARD OF DIRECTORS ANNUALLY REVIEW AND APPROVE Pt VI, Line 15a COMPENSATION. Pt VI, Line 19 LIFTFUND MAKES ITS GOVERNING DOCUMENTS AVAILABLE Pt VI, Line 19 BY REQUEST. Pt VI, Line 8b THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON Pt VI, Line 8b BEHALF OF THE GOVERNING BODY. 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