2017-11-13T18:32:12-06:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 2128686710 2017-11-13 1 GARRETT M HIGGINS P00543209 2122862600 2017-11-13 65.51.112.58 2017-11-13 15:39:29 ES P 996E57144C2C780C420ED175BF91B1AE373E2BAB E206ACBE30558CC6801B8975D6F5372E172AFED1 2016 2017-02-10 21:41:12Z ANTONY BUGG-LEVINE 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 25515952 0 X WWW.NONPROFITFINANCEFUND.ORG X 1984 NY SUPPORTS MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. 15 14 99 15 0 0 4825418 17080404 8267486 8429342 7413 4210 8791 1996 13109108 25515952 1650177 3104260 0 0 8767332 9630146 0 0 712992 4704828 5047624 15122337 17782030 -2013229 7733922 79169493 90475765 39703477 43085855 39466016 47389910 X SEE SCHEDULE O 0 0 14842853 3104260 8429342 SEE SCHEDULE O 14842853 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 1 0 0 1 50 0 99 1 0 0 0 0 0 0 0 0 0 0 X 15 14 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 2128686710 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT/CEO 50.00 1.00 X X 342371 0 46265 DAVID VOLLMAYER TREASURER 2.00 X X 0 0 0 ANDREW B COHN SECRETARY 2.00 0.50 X X 0 0 0 MARIA BLAIR BOARD CHAIR THRU 7/15/16 2.00 0.50 X X 0 0 0 OMMEED SATHE DIRECTOR/BOARD CHAIR AS OF 7/16/16 2.00 X 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 RUTH SALZMAN DIRECTOR 2.00 X 0 0 0 JAMES BILDNER DIRECTOR 2.00 X 0 0 0 SONAL SHAH DIRECTOR 2.00 X 0 0 0 STEPHEN DEBERRY DIRECTOR 2.00 X 0 0 0 HENRY RAMOS DIRECTOR 2.00 X 0 0 0 DR PHILLIP CLAY DIRECTOR AS OF 9/1/16 2.00 X 0 0 0 DAVID ERICKSON DIRECTOR 2.00 X 0 0 0 JOHN TAYLOR DIRECTOR 2.00 X 0 0 0 CRAIG REIGEL CFO 50.00 1.00 X 244078 0 32948 NORAH MCVEIGH MANAGING DIR FINANCIAL SRV 50.00 1.50 X 240068 0 51857 KRISTIN GIANTRIS MANAGING DIRECTOR 50.00 X 261402 0 34631 JENNIFER TALANSKY MANAGING DIRECTOR 50.00 X 203055 0 42373 ANAND ATTAVANE CONTROLLER 50.00 X 135697 0 38870 JENNIFER KAWAR VP & CHIEF INVESTMT OFFICER 50.00 X 162320 0 32868 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 50.00 X 155423 0 12731 ANDREA BRISCOE VP HUMAN CAPITAL 50.00 X 126864 0 29242 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 50.00 X 148478 0 46885 2019756 0 368670 27 0 1 0 WB WOOD NY LLC 225 PARK AVENUE SOUTH SUITE 201 NEW YORK NY 10003 FURNISHING & INSTALLATION 240202 EVERYTHING TYPE COMPANY LLC 561 MYRTLE AVENUE 2ND FLOOR BROOKLYN NY 11205 WEBSITE DESIGN 103950 2 686801 4535203 11858400 17080404 INTEREST ON LOANS 900099 4331928 4331928 PRGM & CONTRACT FEES 900099 2091500 2091500 LOAN AND FINAN. FEES 900099 2005914 2005914 8429342 4210 4210 MISCELLANEOUS INCOME 900099 1250 1250 REFUND 900099 746 746 1996 25515952 8429342 0 6206 3104260 3104260 1499048 1140054 270880 88114 6538819 4972890 1181574 384355 331108 252265 60724 18119 701803 536866 124957 39980 559368 441302 91227 26839 163718 150804 10834 2080 64332 59459 4873 49250 39400 9850 766572 704652 61920 1337 1337 237175 184996 37948 14231 168712 131595 26994 10123 1114440 869263 178311 66866 598236 466624 95718 35894 46535 36297 7446 2792 797688 797688 172567 134602 27611 10354 71714 55937 11474 4303 PROVISION FOR LOAN LOSS 646321 646321 STAFF RECRUITING/TRAINI 62336 48622 9974 3740 DUES & MEMBERSHIPS 24199 18875 3872 1452 MAINTENANCE & REPAIRS 22493 17544 3599 1350 39999 31200 6399 2400 17782030 14842853 2226185 712992 3442777 4175930 5754595 3217580 5579042 9320746 4550080 1317121 207771 233478 4490949 1804959 901578 2685990 261357 258062 58247313 69209382 224980 57476 79169493 90475765 1178701 1871145 53568 53568 428847 1891052 92602 94502 37949759 38849759 0 325829 39703477 43085855 X 9601676 11244563 29864340 36145347 39466016 47389910 79169493 90475765 X 7733922 189972 X X 0 1 X 1 1 1 X 26711927 26565452 12771624 4825418 17080404 87954825 26711927 26565452 12771624 4825418 17080404 87954825 34148274 53806551 9584 6166 14444 7413 4210 41817 2196 1477 1245 8791 1996 15705 88012347 41071310 0.61140 0.54650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2012 AMOUNT: $ 2,196. 2013 AMOUNT: $ 1,477. 2014 AMOUNT: $ 1,245. 2015 AMOUNT: $ 8,791. 2016 AMOUNT: $ 1,250. REFUND - 2016 AMOUNT: $ 746. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17069038 17069038 1000000 250000 0 0 1000000 1000000 866384 1000000 3866384 5799576 250000 250000 216596 250000 966596 1449894 0 1 X 2430795 478939 1951856 876277 453333 422944 1183877 872687 311190 2685990 LOANS RECEIVABLE 69209382 C 69209382 DUE TO AFFILIATE 325829 325829 X 24341981 287140 23378 310518 24031463 1484489 1484489 25515952 17371612 287140 786931 1074071 16297541 1484489 1484489 17782030 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 AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE: 247. COLLECTION OF PRIOR YEAR REVENUE 23,131. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 797,688. ELIMINATIONS PER CONSOLIDATED FINANCIAL STATEMENTS: 686,801. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES: 786,931. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED AGAINST INTEREST INCOME: 797,688. ELIMINATIONS PER CONSOLIDATED FINANCIAL STATEMENTS: 686,801. 1 ARS NOVA WORKSHOP 3909 WARREN STREET PHILADELPHIA PA 19104 383714248 501 (C) (3) 208508 ENGAGING NON-FINANCIAL CAPACITY BUILDING ASSISTANCE ASPIRA INC OF NEW JERSEY 390 BROAD STREET 3RD FLOOR NEWARK NJ 07104 221859916 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE BALBOA ART CONSERVATION CENTER PO BOX 3755 SAN DIEGO CA 921633755 952932292 501 (C) (3) 80000 MELLON CONSERVATION BOSTON CHILDREN'S MUSEUM 308 CONGRESS STREET BOSTON MA 02210 042103993 501 (C) (3) 75000 NFF SAFE INITIATIVE BOYS & GIRLS CLUB OF NEWARK ONE AVON AVENUE NEWARK NJ 07108 221515405 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE CHILDREN & FAMILIES COMMISSION OF ORANGE COUNTY 1505 E 17TH STREET SUITE 230 SANTA ANA CA 92705 CITY OF SANTA ANA 50931 CALIFORNIA PAY FOR SUCCESS INITIATIVE CHILDREN MUSEUM OF HOUSTON 1500 BINZ HOUSTON TX 77004 742178563 501 (C) (3) 53600 NFF SAFE INITIATIVE COMMUNITY FOUNDATION OF UTAH 2257 SOUTH 1100 EAST SALT LAKE CITY UT 84111 743211770 501 (C) (3) 80672 SOCIAL INNOVATION FUND PAY FOR SUCCESS CONSERVATION CENTER FOR ART & HISTORIC ARTIFACTS 264 SOUTH 23RD STREET PHILADELPHIA PA 19103 232047295 501 (C) (3) 100000 MELLON CONSERVATION COUNTY OF SANTA CLARA 70 W HEDDING STREET EAST WING 11/FL 11/FL SAN JOSE CA 95110 946000533 CITY OF SANTA CLARA 202257 SOCIAL INNOVATION FUND PAY FOR SUCCESS ENDING COMMUNITY HOMELESSNESS COALITION 100 N IH35 STE1003 AUSTIN TX 78701 274449243 501 (C) (3) 62677 SOCIAL INNOVATION FUND PAY FOR SUCCESS ENTERPRISE COMMUNITY PARTNERS 11000 BROKEN LAND PARKWAY COLUMBIA MD 21044 521231931 501 (C) (3) 183829 SOCIAL INNOVATION FUND PAY FOR SUCCESS GREATER NEWARK ENTERPRISES CORPORATION 211 WARREN STREET SUITE 317 NEWARK NJ 07103 202247312 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE GREENVILLE HEALTH SYSTEM 701 GROVE ROAD GREENVILLE SC 29605 576007863 501 (C) (3) 126048 SOCIAL INNOVATION FUND PAY FOR SUCCESS HILLSIDE CHILDREN'S CENTER PO BOX 10231 ALBANY NY 122015231 160743039 501 (C) (3) 102077 SOCIAL INNOVATION FUND PAY FOR SUCCESS INTERMUSEUM CONSERVATION ASSOCIATION 2915 DETROIT AVENUE CLEVELAND OH 44113 340753538 501 (C) (3) 157000 MELLON CONSERVATION JEWISH VOCATIONAL SERVICE 75 FEDERAL STREET 3RD FLOOR BOSTON MA 02110 042104357 501 (C) (3) 221936 SOCIAL INNOVATION FUND PAY FOR SUCCESS KAUFMAN CENTER 129 WEST 67TH STREET NEW YORK NY 10023 131991118 501 (C) (3) 28600 NFF SAFE INITIATIVE KOHL CHILDREN'S MUSEUM 2100 PATRIOT BLVD GLENVIEW IL 60026 363706878 501 (C) (3) 63048 NFF SAFE INITIATIVE LINCOLN PARK COAST CULTURAL DISTRICT 450 WASHINGTON STREET NEWARK NJ 07102 223729215 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE MACPHAIL CENTER OF MUSIC 501 SOUTH 2ND STREET MINNEAPOLIS MN 55401 411729340 501 (C) (3) 55250 NFF SAFE INITIATIVE MADISON CHILDREN'S MUSEUM 100 N HAMILTON STREET MADISON WI 53703 391383497 501 (C) (3) 26753 NFF SAFE INITIATIVE MEALS ON WHEELS AMERICA 1550 CRYSTAL DRIVE SUITE 1004 ARLINGTON VA 22202 237447812 501 (C) (3) 38469 SOCIAL INNOVATION FUND PAY FOR SUCCESS MERIT SCHOOL OF MUSIC 38 SOUTH PEORIA STREET CHICAGO IL 60607 363028768 501 (C) (3) 36000 NFF SAFE INITIATIVE MUSIC INSTITUTE OF CHICAGO 507 GREEN BAY ROAD WILMETTE IL 60091 362374224 501 (C) (3) 19000 NFF SAFE INITIATIVE NEIGHBORHOOD MUSIC SCHOOL 100 AUDUBON STREET NEW HAVEN CT 06510 060662152 501 (C) (3) 9600 NFF SAFE INITIATIVE NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE INC 60 PARK PLACE SUITE 511 NEWARK NJ 07102 223478143 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE NEWARK ARTS COUNCIL 17 ACADEMY STREET SUITE 1104 NEWARK NJ 07102 222412819 501 (C) (3) 10000 NEWARK RESILIENCE INITIATIVE NURSE-FAMILY PARTNERSHIP 1900 GRANT STREET SUITE 400 DENVER CO 80203 200234163 501 (C) (3) 18876 SOCIAL INNOVATION FUND PAY FOR SUCCESS PROVIDENCE CHILDREN'S MUSEUM 100 SOUTH STREET PROVIDENCE RI 02903 050370944 501 (C) (3) 11050 NFF SAFE INITIATIVE RAINEY 1705 EAST 55TH CLEVELAND OH 44103 346555952 501 (C) (3) 23575 NFF SAFE INITIATIVE SOCIAL FINANCE INC 77 SUMMER STREET 2ND FLOOR BOSTON MA 02110 274620963 501 (C) (3) 38499 CALIFORNIA PAY FOR SUCCESS INITIATIVE TELECARE CORPORATION 1080 MARINA VILLAGE PARKWAY STE 100 100 ALAMEDA CA 94501 941735271 50000 CALIFORNIA PAY FOR SUCCESS INITIATIVE THE CHILDREN'S MUSEUM OF NEW HAMPSHIRE 6 WASHINGTON STREET DOVER NH 03820 020363746 501 (C) (3) 9940 NFF SAFE INITIATIVE THE COMMUNITY FOUNDATION OF UTAH 2257 SOUTH 1100 EAST SALT LAKE CITY UT 84106 743211770 501 (C) (3) 36532 SOCIAL INNOVATION FUND PAY FOR SUCCESS THE MAGIC HOUSE 516 S KIRKWOOD ROAD SAINT LOUIS MO 63122 510138441 501 (C) (3) 32000 NFF SAFE INITIATIVE THIRD SECTOR CAPITAL PARTNERS 200 CLAREDON STREET 29TH FLOOR BOSTON MA 02116 461301032 501 (C) (3) 688075 CALIFORNIA PAY FOR SUCCESS INITIATIVE TUSCALOOSA RESEARCH 3701 LOOP ROAD EAST TUSCALOOSA AL 35404 631078214 501 (C) (3) 109458 SOCIAL INNOVATION FUND PAY FOR SUCCESS VOICES IN CONTEMPORARY ART 70 WASHINGTON SQUARE SOUTH SUITE 8SW NEW YORK NY 10012 371585169 501 (C) (3) 40000 MELLON CONSERVATION 38 1 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 X 0 0 0 0 0 0 0 1 0 ANTONY BUGG-LEVINE PRESIDENT/CEO 302371 0 40000 0 0 0 20788 0 25477 0 388636 0 0 0 CRAIG REIGEL CFO 214078 0 30000 0 0 0 14442 0 18506 0 277026 0 0 0 NORAH MCVEIGH MANAGING DIR FINANCIAL SRV 212568 0 27500 0 0 0 14887 0 36970 0 291925 0 0 0 KRISTIN GIANTRIS MANAGING DIRECTOR 227744 0 30000 0 3658 0 16025 0 18606 0 296033 0 0 0 JENNIFER TALANSKY MANAGING DIRECTOR 180555 0 22500 0 0 0 11851 0 30522 0 245428 0 0 0 ANAND ATTAVANE CONTROLLER 125697 0 10000 0 0 0 8691 0 30179 0 174567 0 0 0 JENNIFER KAWAR VP & CHIEF INVESTMT OFFICER 160320 0 2000 0 0 0 10205 0 22663 0 195188 0 0 0 SHAWN LUTHER VP, CHIEF CREDIT OFFICER 151423 0 4000 0 0 0 9371 0 3360 0 168154 0 0 0 ANDREA BRISCOE VP HUMAN CAPITAL 124164 0 2700 0 0 0 8095 0 21147 0 156106 0 0 0 WILLIAM H PINAKIEWICZ VP BUSINESS DEVELOPMENT 145778 0 2700 0 0 0 9225 0 37660 0 195363 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 BONUSES FOR OTHER SENIOR STAFF BASED ON RECOMMENDATION OF THE CEO. 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 TO CREATE A MORE JUST AND VIBRANT SOCIETY BY HELPING NON-PROFITS OPTIMIZE THEIR RESOURCES, SUPPORTING THEM AS THEY PROVIDE VITAL GOODS AND SERVICES THAT IMPROVE PEOPLES' LIVES. 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 2016, NFF CLOSED 24 NEW LOANS TOTALING $32.5 MILLION AND MANAGED A $240 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 AND OPERATIONAL TRAINING AND CAPACITY-BUILDING TO HUNDREDS OF NONPROFITS IN ALL SECTORS, THROUGH WEBINARS, WORKSHOPS, AND CUSTOMIZED ENGAGEMENTS. IN THE PREVIOUS YEAR, WE CONDUCTED EDUCATIONAL ACTIVITIES, TRAINING AND PROVIDED CUSTOMIZED TECHNICAL ASSISTANCE THAT HELPED 227 NONPROFIT ORGANIZATIONS AND FOUNDATIONS APPLY GREATER FINANCIAL KNOW-HOW TO THEIR CRITICAL DECISIONS. OUR 85 WORKSHOPS AND OTHER GROUP FINANCIAL CAPACITY TRAININGS REACHED 3,695 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 PERFORMED RESEARCH AND PUBLISHED WIDELY WITH THE GOAL OF 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 ALL OF OUR ACCESSIBLE INSIGHTS AVAILABLE TO THE PUBLIC THROUGH OUR WEBSITES, SOCIAL MEDIA, PUBLISHED ARTICLES, AND OTHER PLATFORMS. IN 2016 WE PARTNERED WITH THE FEDERAL RESERVE BANK OF SAN FRANCISCO ON A NATIONAL DIALOGUE AROUND THE SOCIAL SECTOR SHIFT TO OUTCOMES AND OUTCOMES BASED FUNDING. THIS LED TO THE PUBLICATION OF A BOOK OF EXPERT ESSAYS, LAUNCHING THE INVESTINRESULTS.ORG WEBSITE, AND HOLDING KNOWLEDGE SHARING EVENTS ACROSS THE COUNTRY. WE ENHANCED AND RELAUNCHED OUR PAY FOR SUCCESS LEARNING HUB, A FIELD RESOURCE FOR DISCUSSION AND DEVELOPMENTS AROUND THIS OUTCOMES-FOCUSED APPROACH. WE PARTNERED WITH THE NYC HUMAN SERVICES COUNCIL ON A RESEARCH PROJECT TO GATHER NONPROFIT PERSPECTIVES ON PERFORMANCE-BASED CONTRACTING THROUGH SURVEYS AND FOCUS GROUPS. WE ARE SHARING THE DATA TRENDS AND INSIGHTS WITH CITY AGENCIES AND NONPROFIT FUNDERS ACROSS THE COUNTRY IN AN EFFORT TO IMPROVE THE EFFECTIVENESS OF COMMUNICATION AND COLLABORATIONS BETWEEN NONPROFITS AND THEIR CONTRACT PROVIDERS. 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 2016, THE BOARD REVIEWED THE CEO'S PERFORMANCE AGAINST ESTABLISHED GOALS AND ASSESSED MARKET CHANGES, ADJUSTED THE CEO'S BASE SALARY, AND DETERMINED AN ANNUAL BONUS. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE CEO ARE PAID SALARIES DETERMINED BY THE CEO. FOR 2016 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 XI, LINE 9: TRANSFER FROM RELATED PARTY NEW ENGLAND CULTURE FACILITIES FUND 166,841. COLLECTION OF PRIOR YEAR REVENUE 23,131. 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. NEW ENGLAND CULTURAL FACILITIES FUND 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 043278959 PROVIDE TECHNICAL ASSISTANCE & LOANS TO NONPROFIT CULTURAL ORGANIZATIONS MA 501(C)(3) 11(A) NONPROFIT FINANCE FUND 1 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) 11(A) NONPROFIT FINANCE FUND 1 NFF NEW MARKETS FUND III LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 261409447 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 3 0 1 0.00010 NFF NEW MARKETS FUND IV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757583 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 14 0 1 0.00010 NFF NEW MARKETS FUND V LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757655 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED -23 0 1 0.00010 NFF NEW MARKETS FUND VI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757776 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 25 0 1 0.00010 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 54 1372 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 5 1087 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 34 1183 0 1 0.00010 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 12 983 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 46 1549 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 6 826 0 1 0.00010 NFF NEW MARKETS FUND XIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226658 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 5 790 0 1 0.00010 NFF NEW MARKETS FUND XIV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226785 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 1 490 0 1 0.00010 NFF NEW MARKETS FUND XV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227041 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 4 792 0 1 0.00010 NFF NEW MARKETS FUND XVI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227226 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 975 0 1 0.00010 NFF NEW MARKETS FUND XVII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227327 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 41 1077 0 1 0.00010 NFF NEW MARKETS FUND XVIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227397 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 1 394 0 1 0.00010 NFF NEW MARKETS FUND XIX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227511 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 4 883 0 1 0.00010 NFF NEW MARKETS FUND XX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227559 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 1 591 0 1 0.00010 NFF NEW MARKETS FUND 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INVESTMENT FUND LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 274862478 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED -2 548 0 1 0.00010 CHASE NMTC BREXTON INVESTMENT FUND LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 900906987 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED -5 640 0 1 0.00010 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 BUILDING FOR THE FUTURE C 686801 ACTUAL COST NEW ENGLAND CULTURAL FACILITIES FUND S 166841 ACTUAL CASH VALUE