2018-10-30T16:21:14-05:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 2128686710 2018-10-30 1 GARRETT M HIGGINS P00543209 2122862600 2018-10-30 4.15.211.182 2018-10-30 13:18:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2017 2019-02-21 02:37:17Z ANTONY BUGG-LEVINE 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 17450717 0 X WWW.NONPROFITFINANCEFUND.ORG X 1984 NY SUPPORTS MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. 14 13 108 13 0 0 17080404 5592149 8429342 11849748 4210 5305 1996 3515 25515952 17450717 3104260 3833218 0 0 9630146 11666772 0 0 1596633 5047624 7605711 17782030 23105701 7733922 -5654984 90475765 129381838 43085855 87646912 47389910 41734926 X SEE SCHEDULE O 0 0 19256231 3833218 11849748 SEE SCHEDULE O 19256231 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 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 50 0 108 1 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 1 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 362266 0 52072 OMMEED SATHE DIRECTOR/BOARD CHAIR 2.00 2.00 X X 0 0 0 STEPHEN DEBERRY TREASURER AS OF 3/29/17 2.00 2.00 X X 0 0 0 ANDREW B COHN SECRETARY 2.00 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 263256 0 30414 NORAH MCVEIGH MANAGING DIRECTOR 50.00 2.50 X 256278 0 48431 KRISTIN GIANTRIS MANAGING DIRECTOR 50.00 X 279143 0 34328 JENNIFER TALANSKY MANAGING DIRECTOR 50.00 X 212071 0 49618 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 50.00 X 175608 0 31352 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 50.00 X 174382 0 11758 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 50.00 X 160329 0 52110 KATHRYN OLSEN VP UNDERWRITING- FINANCIAL SERVICES 50.00 X 173795 0 21225 BARBARA ROSEN VP/KNOWLEDGE AND COMMUNICATION 50.00 X 145640 0 36270 2202768 0 367578 31 0 1 0 WB WOOD NY LLC 225 PARK AVENUE SOUTH SUITE 201 NEW YORK NY 10003 FURNISHING & INSTALLATION 154278 CLYDE GROUP LLC 2112 8TH STREET NW UNIT 828 WASHINGTON DC 20001 PUBLIC RELATIONS CONSULTANTS 102500 2 144042 5448107 5592149 INTEREST ON LOANS 900099 5291435 5291435 LOAN AND FINAN. FEES 900099 3627904 3627904 PRGM & CONTRACT FEES 900099 2930409 2930409 11849748 5305 5305 OTHER REVENUE 900099 3515 3515 3515 17450717 11849748 0 8820 3833218 3833218 1587877 1161298 249434 177145 8117896 5937041 1275212 905643 409149 299091 64951 45107 866615 633574 134800 98241 685235 522648 100568 62019 135615 134115 1500 25029 15269 9760 70429 56178 10157 4094 1027789 1018707 4147 4935 3082 3082 156746 102488 39957 14301 289587 230730 32626 26231 1096469 807440 160742 128287 727992 597332 59176 71484 97290 95560 1328 402 1212879 1212879 317325 242594 40364 34367 71772 52853 10522 8397 PROVISION FOR LOAN LOSS 2151267 2151267 STAFF RECRUITING/TRAINI 87220 57072 26256 3892 MAINTENANCE & REPAIRS 56359 41503 8262 6594 DUES & MEMBERSHIPS 47394 35696 8638 3060 31467 14596 14437 2434 23105701 19256231 2252837 1596633 4175930 4020929 3217580 5708974 9320746 4496185 1317121 3903617 233478 299796 3997843 1154820 2685990 2843023 258062 258612 69209382 107760567 57476 90135 90475765 129381838 1871145 2052562 53568 53568 1891052 1784684 94502 96402 38849759 83272750 325829 386946 43085855 87646912 X 11244563 11787069 36145347 29947857 47389910 41734926 90475765 129381838 -5654984 0 X X 0 1 X 1 1 1 X 26565452 12771624 4825418 17080404 5592149 66835047 26565452 12771624 4825418 17080404 5592149 66835047 29097490 37737557 6166 14444 7413 4210 5305 37538 1477 1245 8791 1996 3515 17024 66889609 44730400 0.56420 0.61140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2013 AMOUNT: $ 1,477. 2014 AMOUNT: $ 1,245. 2015 AMOUNT: $ 8,791. 2016 AMOUNT: $ 1,250. 2017 AMOUNT: $ 3,515. REFUND - 2016 AMOUNT: $ 746. 21509068 21509068 1000000 250000 0 0 1000000 866384 1000000 1000000 3866384 5799576 250000 216596 250000 250000 966596 1449894 0 1 X 2244084 272314 1971770 1084248 746297 337951 669511 136209 533302 2843023 LOANS RECEIVABLE 107760567 C 107760567 DUE TO AFFILIATE 386946 386946 X 16503336 265394 104 265498 16237838 1212879 1212879 17450717 22281052 265394 122836 388230 21892822 1212879 1212879 23105701 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 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE: 104. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 1,212,879. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES: 122,836. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 1,212,879. 1 ALAMEDA COUNTY HEALTH CARE SERVICES 100 SAN LEANDRO BLVD SAN LEANDRO CA 94577 946000501 COUNTY OF ALAMEDA 127768 CALIFORNIA PAY FOR SUCCESS INITIATIVE ARS NOVA WORKSHOP 3909 WARREN STREET PHILADELPHIA PA 19104 383714248 501 (C) (3) 180429 ENGAGING NON-FINANCIAL CAPACITY BUILDING ASSISTANCE ASPIRA INC OF NEW JERSEY 390 BROAD STREET 3RD FLOOR NEWARK NJ 07104 221859916 501 (C) (3) 75000 NEWARK RESILIENCE INITIATIVE BOYS & GIRLS CLUB OF NEWARK ONE AVON AVENUE NEWARK NJ 07108 221515405 501 (C) (3) 125000 NEWARK RESILIENCE INITIATIVE BUILDING RESPONSIBLE INTELLIGENT CREATIVE KIDS 59 LINCOLN PARK SUITE 50 NEWARK NJ 07102 270820249 501 (C) (3) 85000 NEWARK RESILIENCE INITIATIVE CENTER FOR EMPLOYMENT 50 BROADWAY 18TH FL NEW YORK NY 10004 133843322 501 (C) (3) 216418 SOCIAL INNOVATION FUND PAY FOR SUCCESS COUNTY OF LOS ANGELES 3470 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90010 956000927 COUNTY OF LOS ANGELE 71461 CALIFORNIA PAY FOR SUCCESS INITIATIVE COUNTY OF SANTA CLARA 70 W HEDDING STREET EAST WING 11/FL 11/FL SAN JOSE CA 95110 946000533 COUNTY OF SANTA CLAR 42743 SOCIAL INNOVATION FUND PAY FOR SUCCESS ENDING COMMUNITY HOMELESSNNESS COALITION 100 N IH35 STE1003 AUSTIN TX 78701 274449243 501 (C) (3) 85164 SOCIAL INNOVATION FUND PAY FOR SUCCESS FREE PUBLIC LIBRARY OF THE CITY OF NEWARK 5 WASHINGTON STREET NEWARK NJ 07101 226002144 CITY OF NEWARK 110000 NEWARK RESILIENCE INITIATIVE GREATER NEWARK ENTERPRISES CORPORATION 211 WARREN STREET SUITE 317 NEWARK NJ 07103 202247312 501 (C) (3) 100000 NEWARK RESILIENCE INITIATIVE GREEN AND HEALTHY HOMES INITATIVE 2714 HUDSON STREET BALTIMORE MD 21224 581786577 501 (C) (3) 101757 SOCIAL INNOVATION FUND PAY FOR SUCCESS INSTITUTE FOR CHILD SUCCESS PO BOX 17811 GREENVILLE SC 29606 271904900 501 (C) (3) 55214 SOCIAL INNOVATION FUND PAY FOR SUCCESS INTERFACE CHILDREN AND FAMILY SERVICES 4001 MISSION OAKS BLVD SUITE I CAMARILLO CA 930125121 952944459 501 (C) (3) 84962 CALIFORNIA PAY FOR SUCCESS INITIATIVE LA CASA DE DON PEDRO 75 PARK AVENUE NEWARK NJ 07104 237249368 501 (C) (3) 85000 NEWARK RESILIENCE INITIATIVE LEADERSHIP NEWARK 494 BROAD STREET SUITE LL10 NEWARK NJ 07102 311659369 501 (C) (3) 110000 NEWARK RESILIENCE INITIATIVE LINCOLN PARK COAST CULTURAL DISTRICT 450 WASHINGTON STREET NEWARK NJ 07102 223729215 501 (C) (3) 75000 NEWARK RESILIENCE INITIATIVE MEALS ON WHEELS AMERICA 1550 CRYSTAL DRIVE SUITE 1004 ARLINGTON VA 22202 237447812 501 (C) (3) 227899 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) 125000 NEWARK RESILIENCE INITIATIVE NEWARK ARTS COUNCIL 17 ACADEMY STREET SUITE 1104 NEWARK NJ 07102 222412819 501 (C) (3) 100000 NEWARK RESILIENCE INITIATIVE NEWARK MUSEUM ASSOCIATION 49 WASHINGTON STREET NEWARK NJ 07102 221487275 501 (C) (3) 135000 NEWARK RESILIENCE INITIATIVE NEWARK PERFORMING ARTS CORP 1020 BROAD STREET NEWARK NJ 07102 222804063 501 (C) (3) 110000 NEWARK RESILIENCE INITIATIVE NEWARK PUBLIC RADIO INC 54 PARK PLACE NEWARK NJ 07102 222137728 501 (C) (3) 110000 NEWARK RESILIENCE INITIATIVE NURSE-FAMILY PARTNERSHIP 1900 GRANT STREET SUITE 400 DENVER CO 80203 200234163 501 (C) (3) 12135 SOCIAL INNOVATION FUND PAY FOR SUCCESS PROJECT HOME 1415 FAIRMOUNT AVENUESUITE 241 PHILADELPHIA PA 19130 232555950 501 (C) (3) 27753 SOCIAL INNOVATION FUND PAY FOR SUCCESS RAND CORPORATION PO BOX 2138 SANTA MONICA CA 904072138 951958142 501 (C) (3) 29441 CALIFORNIA PAY FOR SUCCESS INITIATIVE SLCO PFS 1 INC 2257 S1100 E SUITE 205 SALT LAKE CITY UT 84106 473854619 501 (C) (3) 156057 SOCIAL INNOVATION FUND PAY FOR SUCCESS SOCIAL FINANCE INC 77 SUMMER STREET 2ND FLOOR BOSTON MA 02110 274620963 501 (C) (3) 113366 CALIFORNIA PAY FOR SUCCESS INITIATIVE THIRD SECTOR CAPITAL PARTNER 200 CLAREDON STREET 29TH FLOOR BOSTON MA 02116 461301032 501 (C) (3) 353948 CALIFORNIA PAY FOR SUCCESS INITIATIVE THIRD SECTOR CAPITAL PARTNER 200 CLAREDON STREET 29TH FLOOR BOSTON MA 02116 461301032 501 (C) (3) 270431 SOCIAL INNOVATION FUND PAY FOR SUCCESS TUSCALOOSA RESEARCH 3701 LOOP ROAD EAST TUSCALOOSA AL 35404 631078214 501 (C) (3) 24093 SOCIAL INNOVATION FUND PAY FOR SUCCESS UNIFIED VAILSBURG SERVICES ORGANIZATION 42 RICHELIEU TERRACE NEWARK NJ 07106 237304852 501 (C) (3) 135000 NEWARK RESILIENCE INITIATIVE URBAN LEAGUE OF ESSEX COUNTY 508 CENTAL AVENUE NEWARK NJ 07107 221554540 501 (C) (3) 110000 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 FUNDER-SPECIFIC INITIATIVES 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 PROVIDE PERIODIC REPORTS RELATED TO GRANT COMPLIANCE. GRANT MANAGER AT NFF MONITORS THE GRANTEE ORGANIZATION ACCOMPLISHMENTS AND REPORT 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 307266 0 55000 0 0 0 22075 0 29997 0 414338 0 0 0 CRAIG REIGEL CFO 225256 0 38000 0 0 0 15118 0 15296 0 293670 0 0 0 NORAH MCVEIGH MANAGING DIRECTOR 223278 0 33000 0 0 0 15582 0 32849 0 304709 0 0 0 KRISTIN GIANTRIS MANAGING DIRECTOR 238438 0 36000 0 4705 0 16937 0 17391 0 313471 0 0 0 JENNIFER TALANSKY MANAGING DIRECTOR 187071 0 25000 0 0 0 12183 0 37435 0 261689 0 0 0 JENNIFER KAWAR VP & CHIEF INVESTMENT OFFICER 168108 0 7500 0 0 0 10554 0 20798 0 206960 0 0 0 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 159882 0 14500 0 0 0 10385 0 1373 0 186140 0 0 0 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 153079 0 7250 0 0 0 9830 0 42280 0 212439 0 0 0 KATHRYN OLSEN VP UNDERWRITING- FINANCIAL SERVICES 164195 0 9600 0 0 0 10518 0 10707 0 195020 0 0 0 BARBARA ROSEN VP/KNOWLEDGE AND COMMUNICATION 141065 0 4575 0 0 0 9405 0 26865 0 181910 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: 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 IN LOW-INCOME COMMUNITIES. WE DO THIS BY RAISING AND BORROWING CAPITAL FROM A VARIETY OF SOURCES AND USING THAT CAPITAL TO PROVIDE A RANGE OF FINANCIAL PRODUCTS, INCLUDING LOANS, LINES OF CREDIT AND NEW MARKETS TAX CREDITS, AMONG OTHERS. IN 2017, NFF CLOSED 35 NEW LOANS TOTALING $74.6 MILLION AND MANAGED A $286 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. WE ARE INCREASINGLY FACILITATING 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 2017, WE CONDUCTED EDUCATIONAL ACTIVITIES, TRAINING AND PROVIDED CUSTOMIZED TECHNICAL ASSISTANCE THAT HELPED 234 NONPROFIT ORGANIZATIONS AND FOUNDATIONS APPLY GREATER FINANCIAL KNOW-HOW TO THEIR CRITICAL DECISIONS. OUR 114 WORKSHOPS AND OTHER GROUP FINANCIAL CAPACITY TRAININGS REACHED 5,767 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. ACCESSIBLE INSIGHTS: WE PERFORM RESEARCH AND PUBLISH WIDELY WITH THE GOAL OF ILLUMINATING PATHS TO SOLVING COMPLEX ISSUES, IMPROVING KNOWLEDGE ABOUT NONPROFIT FINANCE, AND SHARING EMERGING IDEAS THAT HAVE POTENTIAL TO MAKE POSITIVE CHANGE FOR THE SECTOR AND THE PEOPLE WE ALL SERVE. WE MAKE OUR ACCESSIBLE INSIGHTS AVAILABLE TO THE PUBLIC THROUGH OUR WEBSITES, PUBLICATIONS, SOCIAL MEDIA, AND OTHER PLATFORMS. WE PARTNERED WITH THE FEDERAL RESERVE BANK OF SAN FRANCISCO ON A NATIONAL DIALOGUE ON REORIENTING THE SOCIAL SECTOR AROUND OUTCOMES AND OUTCOMES-BASED FUNDING, LAUNCHED IN 2017 WITH PUBLICATION OF A BOOK FEATURING 55 EXPERT ESSAYS WRITTEN BY 80 KEY INFLUENCERS IN THEIR FIELDS. WE LAUNCHED THE CAMPAIGN WITH EVENTS IN NEW YORK, SAN FRANCISCO, AND WASHINGTON DC, AND ALSO HOSTED A SERIES OF SMALL EVENTS AND WORKSHOPS ACROSS THE COUNTRY TO BUILD MOMENTUM AND CONVERSATION AMONG SECTOR LEADERS. KNOWLEDGE AND CONTENT FROM THE CAMPAIGN IS HOUSED ON A DEDICATED WEBSITE, INVESTINRESULTS.ORG. WE REDESIGNED NFF'S WEBSITE, NFF.ORG, TO BETTER REFLECT OUR WORK IN THE SECTOR AND SHAREABLE KNOWLEDGE, INCLUDING FILTERABLE RESOURCES IN A SECTION DEDICATED TO LEARNING. WE PARTNERED WITH SEVERAL LEADING ORGANIZATIONS AT THE INTERSECTION OF HEALTH AND HUMAN SERVICES TO DISTILL ACTIONABLE ADVICE ABOUT HOW TO ADVANCE BETTER COMMUNITY HEALTH OUTCOMES. FORM 990, PART VI, SECTION A, LINE 4 IN 2017 NFF UPDATED BYLAWS TO MAKE A VARIETY OF CHANGES. THE SIGNIFICANT OBJECTIVES WERE TO REFLECT CHANGES IN NY STATE LAW GOVERNING NONPROFIT ORGANIZATIONS, AND TO RE-ALIGN STANDING BOARD COMMITTEES TO ALIGN WITH OVERSIGHT NEEDS OF THE EVOLVING ENTITY. WHILE MOST GOVERNANCE FUNCTIONS WERE UNCHANGED, THE NEW COMMITTEE STRUCTURE BROADENED OVERSIGHT OVER NON-FINANCIAL PROGRAMMATIC ACTIVITIES, PROVIDED FOR OVERSIGHT OF OPERATIONAL AND HUMAN CAPITAL ISSUES, AND MOVED RESPONSIBILITIES HELD EXCLUSIVELY BY THE BOARD CHAIR TO A GOVERNANCE COMMITTEE. THE NEW BYLAWS AND ASSOCIATED COMMITTEE CHARTERS WERE FORMALLY APPROVED IN DECEMBER 2017. 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 2017, 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 2017 THE BOARD REVIEWED AND APPROVED A TOTAL POOL FOR BASE SALARY CHANGES AND BONUSES FOR THE GROUP. THIS APPROVAL WAS DOCUMENTED IN CONTEMPORANEOUS 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 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 VII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757955 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 55 0 1 0.00010 NFF NEW MARKETS FUND VIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758074 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED -19 0 1 0.00010 NFF NEW MARKETS FUND IX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758286 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 9 0 1 0.00010 NFF NEW MARKETS FUND X LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758444 FINANCE 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