2019-08-15T13:29:27-05:00 2018-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 2128686710 2019-08-15 1 GARRETT M HIGGINS P00543209 2122862600 2019-08-14 4.15.211.182 2019-08-15 08:57:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2018 2019-02-21 02:37:17Z ANTONY BUGG-LEVINE 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 23284073 0 X WWW.NONPROFITFINANCEFUND.ORG X 1984 NY SUPPORTS MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. 14 13 103 13 0 81453 5592149 9460209 11849748 13807587 5305 13636 3515 2641 17450717 23284073 3833218 3779322 0 0 11666772 12173200 0 0 1416013 7605711 7193137 23105701 23145659 -5654984 138414 129381838 156563693 87646912 110595656 41734926 45968037 X SEE SCHEDULE O 0 0 18133434 3779322 13807587 SEE SCHEDULE O 18133434 1 1 0 1 0 0 0 0 1 0 1 0 1 0 0 1 0 1 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 40 0 103 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 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 CRAIG REIGEL CFO 4152554849 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 50.00 2.00 X X 371000 0 57873 OMMEED SATHE DIRECTOR/BOARD CHAIR THRU 03/14/19 2.00 X X 0 0 0 STEPHEN DEBERRY TREASURER 2.00 2.00 X X 0 0 0 ANDREW B COHN SECRETARY 2.00 X X 0 0 0 JAMES BILDNER DIRECTOR 2.00 X 0 0 0 PHILLIP CLAY DIRECTOR 2.00 X 0 0 0 DAVID ERICKSON DIRECTOR 2.00 2.00 X 0 0 0 TESSIE GUILLERMO DIRECTOR 2.00 X 0 0 0 LISA HALL DIRECTOR 2.00 X 0 0 0 KIMBERLY JOHNSON DIRECTOR 2.00 X 0 0 0 HENRY RAMOS DIRECTOR 2.00 X 0 0 0 RUTH SALZMAN DIRECTOR 2.00 2.00 X 0 0 0 SONAL SHAH DIRECTOR 2.00 2.00 X 0 0 0 JOHN TAYLOR DIRECTOR 2.00 X 0 0 0 CRAIG REIGEL CFO 50.00 2.00 X 270724 0 27159 NORAH MCVEIGH MANAGING DIRECTOR 50.00 2.10 X 266066 0 51848 KRISTIN GIANTRIS MANAGING DIRECTOR 50.00 X 282223 0 38515 JENNIFER TALANSKY MANAGING DIRECTOR 50.00 X 220313 0 55264 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 50.00 X 173336 0 34023 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 50.00 X 174582 0 12152 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 50.00 X 162117 0 35899 BARBARA ROSEN VP/KNOWLEDGE AND COMMUNICATION 50.00 X 154914 0 52972 SANDI CLEMENT MCKINLEY VP/ADVISORY SERVICES 50.00 X 152351 0 12781 2227626 0 378486 38 0 1 0 0 181250 1120038 8158921 9460209 INTEREST ON LOANS 900099 6878918 6878918 LOAN AND FINAN. FEES 900099 4453322 4453322 PRGM & CONTRACT FEES 900099 2475347 2475347 13807587 13636 13636 OTHER REVENUE 900099 2641 2641 2641 23284073 13807587 0 16277 3779322 3779322 1640985 663818 736823 240344 8448830 6046002 1695152 707676 473496 340125 93975 39396 872623 613506 184716 74401 737266 494057 174755 68454 369080 301861 67219 62309 51354 10955 74004 45882 2220 25902 422695 310629 112066 2436 2436 163260 102122 51791 9347 301256 243363 30880 27013 1142863 769043 267965 105855 629842 510157 46135 73550 11355 11355 2492539 2492539 344230 244250 66653 33327 81509 57836 15782 7891 PROVISION FOR LOAN LOSS 933576 933576 STAFF RECRUITING/TRAINI 61853 51205 10648 DUES & MEMBERSHIPS 49143 44014 5129 MAINTENANCE & REPAIRS 29513 20941 5715 2857 21674 4041 17633 23145659 18133434 3596212 1416013 4020929 12644489 5708974 1144306 4496185 3238612 3903617 2790748 299796 243284 3985412 1499050 2843023 2486362 258612 96542 107760567 133829216 90135 90134 129381838 156563693 2052562 2307760 53568 0 1784684 1778904 96402 86242 83272750 106422750 386946 0 87646912 110595656 X 22686422 28028113 19048504 17939924 41734926 45968037 129381838 156563693 X 138414 -162080 4256777 X X 0 1 X 1 1 1 X 12771624 4825418 17080404 5592149 9460209 49729804 12771624 4825418 17080404 5592149 9460209 49729804 18472030 31257774 14444 7413 4210 5305 13636 45008 1245 8791 1996 3515 2641 18188 49793000 49980236 0.62780 0.56420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 1,245. 2015 AMOUNT: $ 8,791. 2016 AMOUNT: $ 1,250. 2017 AMOUNT: $ 3,515. 2018 AMOUNT: $ 2,641. REFUND - 2016 AMOUNT: $ 746. 21729646 21729646 1000000 250000 0 0 866384 1000000 1000000 1000000 3866384 5799576 216596 250000 250000 250000 966596 1449894 0 1 X 2185283 427349 1757934 1133240 854953 278287 666889 216748 450141 2486362 LOANS RECEIVABLE 133829216 C 133829216 X 20758361 -162080 144036 -15129 -33173 20791534 2492539 2492539 23284073 25140645 144036 4343489 4487525 20653120 2492539 2492539 23145659 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 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE -15,129. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 2,492,539. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES: 472,964. ADJUSTMENT IN ALLOWANCE FOR LOAN LOSSES 3,870,525. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 2,492,539. 1 ABODE SERVICES 40849 FREMONT BLVD FREMONT CA 94538 943087060 501 (C) (3) 235000 CALIFORNIA PAY FOR SUCCESS INITIATIVE ADVOCATES FOR CHILDREN OF NEW JERSEY 35 HALSEY STREET NEWARK NJ 07102 221695034 501 (C) (3) 105000 NEWARK RESILIENCE INITIATIVE ALAMEDA COUNTY HEALTH CARE SERVICES 1000 SAN LEANDRO BLVD SAN LEANDRO CA 94577 946000501 COUNTY OF ALAMEDA 92799 CALIFORNIA PAY FOR SUCCESS INITIATIVE BALBOA ART CONSERVATION CENTER PO BOX 3755 SAN DIEGO CA 921633755 952932292 501 (C) (3) 23000 COMPREHENSIVE FINANCIAL HEALTH BOYS & GIRLS CLUB OF NEWARK ONE AVON AVENUE NEWARK NJ 07108 221515405 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS 59 LINCOLN PARK SUITE 50 NEWARK NJ 07102 270820249 501 (C) (3) 35000 NEWARK RESILIENCE INITIATIVE CENTER FOR EMPLOYMENT 50 BROADWAY 18TH FL NEW YORK NY 10004 133843322 501 (C) (3) 13582 SOCIAL INNOVATION FUND PAY FOR SUCCESS COMMUNITY FOOD BANK OF NEW JERSEY 31 EVANS TERMINAL HILLSIDE NY 07205 222423882 501 (C) (3) 105000 NEWARK RESILIENCE INITIATIVE COUNTY OF VENTURA COUNTY GOVERNMENT CENTER L3200 800 S VICTORIA AVENUE VENTURA CA 93009 956000944 COUNTY OF VENTURA 170504 CALIFORNIA PAY FOR SUCCESS INITIATIVE ENDING COMMUNITY HOMELESSNNESS COALITION 1000 N IH35 STE1003 AUSTIN TX 78701 274449243 501 (C) (3) 235198 SOCIAL INNOVATION FUND PAY FOR SUCCESS EPIDAURUS DBA AMITY 721 NORTH 4TH AVENUE TUCSON AZ 85705 770418201 501 (C) (3) 13333 CALIFORNIA PAY FOR SUCCESS INITIATIVE GREATER NEWARK ENTERPRISES CORPORATION 211 WARREN STREET SUITE 317 NEWARK NJ 07103 202247312 501 (C) (3) 105000 NEWARK RESILIENCE INITIATIVE GREEN AND HEALTHY HOMES INITATIVE 2714 HUDSON STREET BALTIMORE MD 21224 581786577 501 (C) (3) 79341 SOCIAL INNOVATION FUND PAY FOR SUCCESS INSTITUTE FOR CHILD SUCCESS PO BOX 17811 GREENVILLE SC 29606 271904900 501 (C) (3) 183588 SOCIAL INNOVATION FUND PAY FOR SUCCESS INTERFACE CHILDREN AND FAMILY SERVICES 4001 MISSION OAKS BLVD SUITE I CAMARILLO CA 930125121 952944459 501 (C) (3) 105445 CALIFORNIA PAY FOR SUCCESS INITIATIVE LA CASA DE DON PEDRO 75 PARK AVENUE NEWARK NJ 07104 237249368 501 (C) (3) 105000 NEWARK RESILIENCE INITIATIVE LEADERSHIP NEWARK 494 BROAD STREET SUITE LL10 NEWARK NJ 07102 311659369 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE LINCOLN PARK COAST CULTURAL DISTRICT 450 WASHINGTON STREET NEWARK NJ 07102 223729215 501 (C) (3) 35000 NEWARK RESILIENCE INITIATIVE LOUISVILLE METRO GOVERNMENT 611 WEST JEFFERSON STREET LOUISVILLE KY 40202 320049006 CITY OF LOUISVILLE 7085 SOCIAL INNOVATION FUND PAY FOR SUCCESS MEALS ON WHEELS AMERICA 1550 CRYSTAL DRIVE SUITE 1004 ARLINGTON VA 22202 237447812 501 (C) (3) 264705 SOCIAL INNOVATION FUND PAY FOR SUCCESS NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC 60 PARK PLACE SUITE 511 NEWARK NJ 07102 223478143 501 (C) (3) 35000 NEWARK RESILIENCE INITIATIVE NEWARK ARTS COUNCIL 17 ACADEMY STREET SUITE 1104 NEWARK NJ 07102 222412819 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE NEWARK PERFORMING ARTS CORP 1020 BROAD STREET NEWARK NJ 07102 222804063 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE NEWARK PUBLIC RADIO INC 54 PARK PLACE NEWARK NJ 07102 222137728 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE NEWARK TRUST FOR EDUCATION 494 BROAD STREET SUITE LL30 NEWARK NJ 07102 383663314 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE OCEAN PARK COMMUNITY CENTER DBA THE PEOPLE CONCERN 2116 ARLINGTON AVENUE 100 LOS ANGELES CA 90018 956143865 501 (C) (3) 13333 CALIFORNIA PAY FOR SUCCESS INITIATIVE OKLAHOMA DEPARTMENT OF MENTAL HEALTH & SUBSTANCE ABUSE SER 2000 N CLASSEN SUITE E700 OKLAHOMA OK 73106 736017987 CITY OF OKLAHOMA 100382 SOCIAL INNOVATION FUND PAY FOR SUCCESS PROJECT HOME 1415 FAIRMOUNT AVENUESUITE 241 PHILADELPHIA PA 19130 232555950 501 (C) (3) 197247 SOCIAL INNOVATION FUND PAY FOR SUCCESS SLCO PFS 1 INC 2257 S1100 E SUITE 205 SALT LAKE CITY UT 84106 473854619 501 (C) (3) 93943 SOCIAL INNOVATION FUND PAY FOR SUCCESS SOCIAL FINANCE INC 77 SUMMER STREET 2ND FLOOR BOSTON MA 02110 274620963 501 (C) (3) 100000 CALIFORNIA PAY FOR SUCCESS INITIATIVE SPECIAL SERVICE FOR GROUPS INC (SSG) 905 EAST 8TH STREET LOS ANGELES CA 90021 951716914 501 (C) (3) 13333 CALIFORNIA PAY FOR SUCCESS INITIATIVE THIRD SECTOR CAPITAL PARTNER 200 CLAREDON STREET 29TH FLOOR BOSTON MA 02116 461301032 501 (C) (3) 734004 SOCIAL INNOVATION FUND PAY FOR SUCCESS/ CALIFORNIA PAY FOR SUCCESS INITIATIVE UNIFIED VAILSBURG SERVICES ORGANIZATION 42 RICHELIEU TERRACE NEWARK NJ 07106 237304852 501 (C) (3) 76500 NEWARK RESILIENCE INITIATIVE 33 0 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 306000 0 65000 0 0 0 21488 0 36385 0 428873 0 0 0 CRAIG REIGEL CFO 228724 0 42000 0 0 0 16455 0 10704 0 297883 0 0 0 NORAH MCVEIGH MANAGING DIRECTOR 226066 0 40000 0 0 0 16363 0 35485 0 317914 0 0 0 KRISTIN GIANTRIS MANAGING DIRECTOR 240501 0 38000 0 3722 0 17283 0 21232 0 320738 0 0 0 JENNIFER TALANSKY MANAGING DIRECTOR 190313 0 30000 0 0 0 12707 0 42557 0 275577 0 0 0 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 168836 0 4500 0 0 0 10642 0 23381 0 207359 0 0 0 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 163582 0 11000 0 0 0 10411 0 1741 0 186734 0 0 0 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 155192 0 6925 0 0 0 9936 0 25963 0 198016 0 0 0 BARBARA ROSEN VP/KNOWLEDGE AND COMMUNICATION 145914 0 9000 0 0 0 9829 0 43143 0 207886 0 0 0 SANDI CLEMENT MCKINLEY VP/ADVISORY SERVICES 144201 0 8150 0 0 0 9330 0 3451 0 165132 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 III, LINE 1: 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 THAT INVESTS IN MISSIONS; CONSULTING THAT EMPOWERS LEADERS; AND LEARNING THAT HELPS ILLUMINATE PATHS TO SOLVING COMPLEX SOCIAL ISSUES. FORM 990, PART III, LINE 4A: 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 2018, NFF CLOSED 33 LOANS TO 28 ORGANIZATIONS TOTALING $68.6 MILLION AND MANAGED A $310.9 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 2018 OUR FINANCING SUPPORTED ORGANIZATIONS IN OVER 25 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 2018, WE CONDUCTED EDUCATIONAL ACTIVITIES AND TRAINING, AND PROVIDED CUSTOMIZED TECHNICAL ASSISTANCE THAT HELPED 238 NONPROFIT ORGANIZATIONS AND FOUNDATIONS APPLY GREATER FINANCIAL KNOW-HOW TO THEIR CRITICAL DECISIONS. OUR 67 WORKSHOPS AND OTHER GROUP FINANCIAL CAPACITY TRAININGS REACHED 5,112 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 2017, NFF AND THE FEDERAL RESERVE BANK OF SAN FRANCISCO LAUNCHED A NATIONAL DIALOGUE ABOUT REORIENTING THE SOCIAL SECTOR AROUND OUTCOMES AND OUTCOMES-BASED FUNDING WITH THE PUBLICATION OF A BOOK, WHAT MATTERS: INVESTING IN RESULTS FOR STRONG, VIBRANT COMMUNITIES, AND A SERIES OF RELATED EVENTS ACROSS THE NATION. WE CONTINUED TO BUILD MOMENTUM IN 2018 WITH EVENTS IN DALLAS, LOS ANGELES, AND BOSTON, WHERE PEOPLE COULD LEARN ABOUT OUTCOMES-BASED PROJECTS IN REAL TIME, GROW THEIR NETWORKS, AND BUILD PARTNERSHIPS. NFF LAUNCHED THE 2018 STATE OF THE NONPROFIT SECTOR SURVEY IN JANUARY, WHICH RAISED THE VOICES OF NEARLY 3,400 NONPROFIT LEADERS ACROSS ALL 50 STATES AND A WIDE RANGE OF SIZES, MISSIONS, AND WORK AREAS. THE SURVEY IS A WIDELY CITED BAROMETER OF US NONPROFITS' PROGRAMMATIC, OPERATIONAL, AND FINANCIAL HEALTH. RESULTS ABOUT HOW LEADERS ARE RESPONDING TO CHRONIC CHALLENGES ARE FEATURED IN A REPORT AND ONLINE SURVEY ANALYZER, AND WERE USED IN TESTIMONY TO HELP ADVOCATE FOR BETTER CONTRACTS WITH CITY AGENCIES IN NEW YORK CITY. WE ARE CONTINUING TO WORK WITH LEADING ORGANIZATIONS AT THE INTERSECTION OF HEALTH AND HUMAN SERVICES TO EXPLORE COLLABORATIONS BETWEEN COMMUNITY-BASED ORGANIZATIONS AND LARGE HEALTHCARE SYSTEMS WITH THE GOAL OF BETTER ADDRESSING SOCIAL DETERMINANTS OF HEALTH AND CREATING BETTER HEALTH OUTCOMES FOR MORE PEOPLE. 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 EACH SUBSEQUENT YEAR, INCLUDING 2018, THE BOARD REVIEWED THE CEO'S PERFORMANCE AGAINST ESTABLISHED GOALS AND ASSESSED MARKET CHANGES, AND THEN ADJUSTED THE CEO'S BASE SALARY, ANNUAL BONUS, OR BOTH. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE CEO ARE PAID SALARIES DETERMINED BY THE CEO. FOR 2018 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 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 IN ALLOWANCE FOR LOAN LOSSES 3,870,525. ADJUSTMENT TO INTERCOMPANY PAYABLE 386,252. 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. BUILDING FOR THE FUTURE INC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 134078657 ASSIST OTHER NONPROFITS MANAGE LONG TERM ASSETS DE 501(C)(3) 12(A) NONPROFIT FINANCE FUND 1 NEW ENGLAND CULTURAL FACILITIES FUND 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 043278959 INACTIVE MA 501(C)(3) 12(A) NONPROFIT FINANCE FUND 1 NFF NEW MARKETS FUND X LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758444 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 25 0 1 0.00010 NFF NEW MARKETS FUND XI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758447 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 1579 0 1 0.00010 NFF NEW MARKETS FUND XII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226575 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 12 0 1 0.00010 NFF NEW MARKETS FUND XIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226658 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