NONPROFIT FINANCE FUND: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- NONPROFIT FINANCE FUND (EIN 13-3238657)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-08-15
- IRS object ID
- 201642289349302414
- Schema version
- 2015v2.1
- 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 C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-15T10:07:36-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 665 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133238657 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONPROFIT FINANCE FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NONP | BusinessNameControlTxt |
| Phone | 2128686710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTONY BUGG-LEVINE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 2128686710 | PhoneNum |
| Signature | 2016-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2016-08-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | ANTONY BUGG-LEVINE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,109,108 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NONPROFITFINANCEFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | SUPPORTS MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 91 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,771,624 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,825,418 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,602,942 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,267,486 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,444 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,413 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,245 | PYOtherRevenueAmt |
| CY Other Revenue | $8,791 | CYOtherRevenueAmt |
| PY Total Revenue | $20,390,255 | PYTotalRevenueAmt |
| CY Total Revenue | $13,109,108 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $23,409,983 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,650,177 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,310,028 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,767,332 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $794,663 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,508,058 | PYOtherExpensesAmt |
| CY Other Expenses | $4,704,828 | CYOtherExpensesAmt |
| PY Total Expenses | $35,228,069 | PYTotalExpensesAmt |
| CY Total Expenses | $15,122,337 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$14,837,814 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,013,229 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $74,791,103 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,169,493 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $33,311,858 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,703,477 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $41,479,245 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $39,466,016 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,587,234 | ExpenseAmt |
| Grant | $1,650,177 | GrantAmt |
| Revenue | $8,267,486 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Total Program Service Expenses | $12,587,234 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | 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 | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | 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 | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 91 | 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | 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 | Yes (1) | 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 | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CRAIG REIGEL CFO | PersonNm |
| Phone | 2128686710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 HANOVER SQUARE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ANTONY BUGG-LEVINE | |||||||||
| PRESIDENT/CEO | 50.00 | 1.00 | Yes (X) | Yes (X) | $282,462 | $0 | $39,581 | ||
| DAVID VOLLMAYER | |||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANDREW B COHN | |||||||||
| SECRETARY | 2.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARIA BLAIR | |||||||||
| BOARD CHAIR | 2.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| AUDREY CHOI | |||||||||
| DIRECTOR UNTIL 12/17/15 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| TESSIE GUILLERMO | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LISA HALL | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIMBERLY JOHNSON | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT S ROBBIN ESQ | |||||||||
| DIRECTOR UNTIL 6/16/15 | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RUTH SALZMAN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANET THOMPSON | |||||||||
| DIRECTOR UNTIL 4/1/15 | 2.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES BILDNER | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN DEBERRY | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| HENRY RAMOS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID ERICKSON | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| OMMEED SATHE | |||||||||
| DIRECTOR | 2.00 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JOH TAYLOR | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| CRAIG REIGEL | |||||||||
| CFO | 50.00 | 1.00 | Yes (X) | $208,694 | $0 | $29,856 | |||
| NORAH MCVEIGH | |||||||||
| MANAGING DIR FINANCIAL SRV | 50.00 | 1.50 | $206,066 | $0 | $49,284 | Yes (X) | |||
| KRISTIN GIANTRIS | |||||||||
| MANAGING DIRECTOR | 50.00 | $238,994 | $0 | $28,339 | Yes (X) | ||||
| JENNIFER TALANSKY | |||||||||
| MANAGING DIRECTOR | 50.00 | $165,176 | $0 | $49,955 | Yes (X) | ||||
| ANAND ATTAVANE | |||||||||
| CONTROLLER | 50.00 | 0.50 | $138,338 | $0 | $34,694 | Yes (X) | |||
| JENNIFER KAWAR | |||||||||
| VP & CHIEF INVESTMT OFFICE | 50.00 | $160,638 | $0 | $43,006 | Yes (X) | ||||
| SHAWN LUTHER | |||||||||
| VP, CHIEF CREDIT OFFICER | 50.00 | $153,255 | $0 | $7,166 | Yes (X) | ||||
| ANDREA BRISCOE | |||||||||
| VP HUMAN CAPITAL | 50.00 | $127,460 | $0 | $27,821 | Yes (X) | ||||
| WILLIAM H PINAKIEWICZ | |||||||||
| VP BUSINESS DEVELOPMENT | 50.00 | $144,830 | $0 | $44,928 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,825,913 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $354,630 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 23 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $125,000 | GovernmentGrantsAmt |
| All Other Contributions | $4,700,418 | AllOtherContributionsAmt |
| Total Contributions | $4,825,418 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PRGM & CONTRACT FEES | 900099 | $3,581,572 | $3,581,572 |
| LOAN AND FINAN. FEES | 900099 | $2,897,238 | $2,897,238 |
| INTEREST ON LOANS | 900099 | $1,788,676 | $1,788,676 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,267,486 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,413 | TotalRevenueColumnAmt |
| Exclusion | $7,413 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $8,791 | TotalRevenueColumnAmt |
| Exclusion | $8,791 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,791 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,109,108 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,267,486 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $16,204 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,650,177 | TotalAmt |
| Program Services | $1,650,177 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,298,407 | TotalAmt |
| Program Services | $1,019,282 | ProgramServicesAmt |
| Management And General | $202,699 | ManagementAndGeneralAmt |
| Fundraising | $76,426 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,969,040 | TotalAmt |
| Program Services | $4,685,845 | ProgramServicesAmt |
| Management And General | $931,851 | ManagementAndGeneralAmt |
| Fundraising | $351,344 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,767 | TotalAmt |
| Program Services | $233,754 | ProgramServicesAmt |
| Management And General | $46,486 | ManagementAndGeneralAmt |
| Fundraising | $17,527 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $638,411 | TotalAmt |
| Program Services | $501,168 | ProgramServicesAmt |
| Management And General | $99,665 | ManagementAndGeneralAmt |
| Fundraising | $37,578 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $563,707 | TotalAmt |
| Program Services | $450,156 | ProgramServicesAmt |
| Management And General | $85,553 | ManagementAndGeneralAmt |
| Fundraising | $27,998 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,040 | TotalAmt |
| Program Services | $124,059 | ProgramServicesAmt |
| Management And General | $19,419 | ManagementAndGeneralAmt |
| Fundraising | $67,562 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,716 | TotalAmt |
| Program Services | $10,510 | ProgramServicesAmt |
| Management And General | $6,036 | ManagementAndGeneralAmt |
| Fundraising | $3,170 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,887 | TotalAmt |
| Program Services | $54,917 | ProgramServicesAmt |
| Management And General | $11,464 | ManagementAndGeneralAmt |
| Fundraising | $6,506 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $710,876 | TotalAmt |
| Program Services | $683,370 | ProgramServicesAmt |
| Management And General | $26,131 | ManagementAndGeneralAmt |
| Fundraising | $1,375 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,825 | TotalAmt |
| Program Services | $1,140 | ProgramServicesAmt |
| Management And General | $685 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,462 | TotalAmt |
| Program Services | $217,485 | ProgramServicesAmt |
| Management And General | $37,748 | ManagementAndGeneralAmt |
| Fundraising | $16,229 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,986 | TotalAmt |
| Program Services | $148,204 | ProgramServicesAmt |
| Management And General | $25,723 | ManagementAndGeneralAmt |
| Fundraising | $11,059 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,134,988 | TotalAmt |
| Program Services | $909,308 | ProgramServicesAmt |
| Management And General | $157,825 | ManagementAndGeneralAmt |
| Fundraising | $67,855 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $527,339 | TotalAmt |
| Program Services | $387,759 | ProgramServicesAmt |
| Management And General | $45,783 | ManagementAndGeneralAmt |
| Fundraising | $93,797 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,175 | TotalAmt |
| Program Services | $102,913 | ProgramServicesAmt |
| Fundraising | $262 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $600,008 | TotalAmt |
| Program Services | $600,008 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,068 | TotalAmt |
| Program Services | $22,487 | ProgramServicesAmt |
| Management And General | $3,903 | ManagementAndGeneralAmt |
| Fundraising | $1,678 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,671 | TotalAmt |
| Program Services | $66,233 | ProgramServicesAmt |
| Management And General | $11,496 | ManagementAndGeneralAmt |
| Fundraising | $4,942 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROVISION FOR LOAN LOSS | $594,522 | $594,522 | ||
| STAFF RECRUITING/TRAINI | $68,143 | $46,388 | $17,081 | $4,674 |
| MAINTENANCE & REPAIRS | $30,325 | $24,296 | $4,217 | $1,812 |
| DUES & MEMBERSHIPS | $29,488 | $23,625 | $4,100 | $1,763 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,309 | TotalAmt |
| Program Services | $29,628 | ProgramServicesAmt |
| Management And General | $2,575 | ManagementAndGeneralAmt |
| Fundraising | $1,106 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,122,337 | TotalAmt |
| Program Services | $12,587,234 | ProgramServicesAmt |
| Management And General | $1,740,440 | ManagementAndGeneralAmt |
| Fundraising | $794,663 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,174,585 | BOYAmt |
| EOY | $3,442,777 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,863,954 | BOYAmt |
| EOY | $5,754,595 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,110,658 | BOYAmt |
| EOY | $5,579,042 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,693,140 | BOYAmt |
| EOY | $4,550,080 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,552 | BOYAmt |
| EOY | $207,771 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,533,970 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,632,392 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,640 | BOYAmt |
| EOY | $901,578 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,357 | BOYAmt |
| EOY | $261,357 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,133,388 | BOYAmt |
| EOY | $58,247,313 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,829 | BOYAmt |
| EOY | $224,980 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,791,103 | BOYAmt |
| EOY | $79,169,493 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $814,810 | BOYAmt |
| EOY | $1,178,701 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,568 | BOYAmt |
| EOY | $53,568 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,950 | BOYAmt |
| EOY | $428,847 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,387 | BOYAmt |
| EOY | $92,602 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,307,143 | BOYAmt |
| EOY | $37,949,759 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,311,858 | BOYAmt |
| EOY | $39,703,477 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,103,484 | BOYAmt |
| EOY | $9,601,676 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,375,761 | BOYAmt |
| EOY | $29,864,340 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,479,245 | BOYAmt |
| EOY | $39,466,016 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,791,103 | BOYAmt |
| EOY | $79,169,493 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,013,229 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
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 | $32,207,197 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,711,927 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,565,452 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,771,624 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,825,418 | CurrentTaxYearAmt |
| Total | $103,081,618 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,207,197 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,711,927 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,565,452 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,771,624 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,825,418 | CurrentTaxYearAmt |
| Total | $103,081,618 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $46,703,105 | SubstantialContributorsTotAmt |
| Public Support Total170 | $56,378,513 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,232 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,584 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,166 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,444 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,413 | CurrentTaxYearAmt |
| Total | $51,839 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $13,942 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,196 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,477 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,245 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,791 | CurrentTaxYearAmt |
| Total | $27,651 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $103,161,108 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $40,568,351 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.54650 | PublicSupportCY170Pct |
| Public Support PY170 | 0.53950 | 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 C IRS990ScheduleC
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,327,674 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,327,674 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $866,384 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $216,596 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $866,384 | CurrentYearAmt |
| Total | $3,866,384 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,799,576 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $23,771 | CurrentYearMinus3Amt |
| Total | $23,771 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $216,596 | CurrentYearAmt |
| Total | $966,596 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,449,894 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,236,997 | OtherCostOrOtherBasisAmt |
| Depreciation | $373,234 | DepreciationAmt |
| Book Value | $863,763 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $874,918 | OtherCostOrOtherBasisAmt |
| Depreciation | $837,103 | DepreciationAmt |
| Book Value | $37,815 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $422,055 | OtherCostOrOtherBasisAmt |
| Depreciation | $422,055 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $901,578 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOANS RECEIVABLE | Desc |
| Book Value | $58,247,313 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $58,247,313 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,759,027 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $249,428 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $499 | OtherRevenueAmt |
| Revenue Not Reported | $249,927 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,509,100 | RevenueSubtotalAmt |
| Other Revenues Not Included | $600,008 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $600,008 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $13,109,108 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,895,357 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $249,428 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $123,600 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $373,028 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,522,329 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $600,008 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $600,008 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,122,337 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2012. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RELATED PARTY REVENUE: 499. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE NETTED AGAINST INTEREST INCOME 600,008. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RELATED PARTY EXPENSES: 123,600. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTEREST EXPENSE NETTED AGAINST INTEREST INCOME 600,008. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ABODE SERVICES | ||||||||
| 40849 FREMONT BLVD | FREMONT | CA | 94538 | 943087060 | 501 (C) (3) | $50,000 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| ARS NOVA WORKSHOP | ||||||||
| 3909 WARREN STREET | PHILADELPHIA | PA | 19104 | 383714248 | 501 (C) (3) | $152,167 | ENGAGING NON-FINANCIAL CAPACITY BUILDING ASSISTANCE | |
| BOSTON CHILDREN'S MUSEUM | ||||||||
| 308 CONGRESS STREET | BOSTON | MA | 02210 | 042103993 | 501 (C) (3) | $75,000 | NFF SAFE INITIATIVE | |
| CENTER FOR EMPLOYMENT OPPORTUNITIES | ||||||||
| 50 BROADWAY 18TH FL | NEW YORK | NY | 10004 | 133843322 | 501 (C) (3) | $31,250 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| CHAPIN HALL AT THE UNIVERSITY OF CHICAGO | ||||||||
| 1313 EAST 60TH STREET | CHICAGO | IL | 60637 | 362167012 | 501 (C) (3) | $10,300 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| CHILDREN'S MUSEUM OF HOUSTON | ||||||||
| 1500 BINZ | HOUSTON | TX | 77004 | 742178563 | 501 (C) (3) | $53,600 | NFF SAFE INITIATIVE | |
| CITY AND COUNTY OF SAN FRANCISCO | ||||||||
| ONE DR CALTON B GOODLETT PLACE 288 | SAN FRANCISCO | CA | 94102 | 946000417 | CITY OF SAN FRANCISC | $78,110 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| ENTERPRISE COMMUNITY PARTNERS | ||||||||
| 11000 BROKEN LAND PARKWAY | COLUMBIA | MD | 21044 | 521231931 | 501 (C) (3) | $66,171 | SOCIAL INNOVATION FUND PAY FOR SUCCESS | |
| GLOVER PARK GROUP LLC | ||||||||
| LOCKBOX 9962 PO BOX 8500 | PHILADELPHIA | PA | 191789962 | 453857268 | $10,078 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | ||
| HARDER COMPANY | ||||||||
| 299 KANSAS STREET | SAN FRANCISCO | CA | 94103 | 943042271 | $91,000 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | ||
| KAUFMAN CENTER | ||||||||
| 129 WEST 67TH STREET | NEW YORK | NY | 10023 | 131991118 | 501 (C) (3) | $28,600 | NFF SAFE INITIATIVE | |
| KOHL CHILDREN'S MUSEUM | ||||||||
| 2100 PATRIOT BLVD | GLENVIEW | IL | 60026 | 363706878 | 501 (C) (3) | $63,048 | NFF SAFE INITIATIVE | |
| MACPHAIL CENTER OF MUSIC | ||||||||
| 501 SOUTH 2ND STREET | MINNEAPOLIS | MN | 55401 | 411729340 | 501 (C) (3) | $55,250 | NFF SAFE INITIATIVE | |
| MADISON CHILDREN'S MUSEUM | ||||||||
| 100 N HAMILTON STREET | MADISON | WI | 53703 | 391383497 | 501 (C) (3) | $26,753 | NFF SAFE INITIATIVE | |
| MERIT SCHOOL OF MUSIC | ||||||||
| 38 SOUTH PEORIA STREET | CHICAGO | IL | 60607 | 363028768 | 501 (C) (3) | $36,000 | NFF SAFE INITIATIVE | |
| MUSIC INSTITUTE OF CHICAGO | ||||||||
| 507 GREEN BAY ROAD | WILMETTE | IL | 60091 | 362374224 | 501 (C) (3) | $19,000 | NFF SAFE INITIATIVE | |
| NEIGHBORHOOD MUSIC SCHOOL | ||||||||
| 100 AUDUBON STREET | NEW HAVEN | CT | 06510 | 060662152 | 501 (C) (3) | $19,200 | NFF SAFE INITIATIVE | |
| NURSE-FAMILY PARTNERSHIP | ||||||||
| 1900 GRANT STREET SUITE 400 | DENVER | CO | 80203 | 200234163 | 501 (C) (3) | $68,854 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| PROVIDENCE CHILDREN'S MUSEUM | ||||||||
| 100 SOUTH STREET | PROVIDENCE | RI | 02903 | 050370944 | 501 (C) (3) | $11,050 | NFF SAFE INITIATIVE | |
| RAINEY INSTITUTE | ||||||||
| 1705 EAST 55TH | CLEVELAND | OH | 44103 | 346555952 | 501 (C) (3) | $23,575 | NFF SAFE INITIATIVE | |
| REDF | ||||||||
| 221 MAIN STREET SUITE 1550 | SAN FRANCISCO | CA | 94105 | 542132153 | 501 (C) (3) | $32,000 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| SOCIAL FINANCE INC | ||||||||
| 77 SUMMER STREET 2ND FLOOR | BOSTON | MA | 02110 | 274620963 | 501 (C) (3) | $90,899 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| TELECARE CORPORATION | ||||||||
| 1080 MARINA VILLAGE PARKWAY STE 100 | ALAMEDA | CA | 94501 | 941735271 | $50,000 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | 100 | |
| THE CHILDREN'S MUSEUM OF NEW HAMPSHIRE | ||||||||
| 6 WASHINGTON STREET | DOVER | NH | 03820 | 020363746 | 501 (C) (3) | $9,940 | NFF SAFE INITIATIVE | |
| THE COMMUNITY FOUNDATION OF UTAH | ||||||||
| 2257 SOUTH 1100 EAST | SALT LAKE CITY | UT | 84106 | 743211770 | 501 (C) (3) | $132,797 | SOCIAL INNOVATION FUND PAY FOR SUCCESS | |
| THE MAGIC HOUSE | ||||||||
| 516 S KIRKWOOD ROAD | SAINT LOUIS | MO | 63122 | 510138441 | 501 (C) (3) | $32,000 | NFF SAFE INITIATIVE | |
| THIRD SECTOR CAPITAL PARTNERS | ||||||||
| 200 CLAREDON STREET 29TH FLOOR | BOSTON | MA | 02116 | 461301032 | 501 (C) (3) | $276,000 | CALIFORNIA PAY FOR SUCCESS INITIATIVE | |
| TUSCALOOSA RESEARCH | ||||||||
| 3701 LOOP ROAD EAST | TUSCALOOSA | AL | 35404 | 631078214 | 501 (C) (3) | $18,000 | SOCIAL INNOVATION FUND PAY FOR SUCCESS | |
| CHELSEA COLLABORATIVE | ||||||||
| 318 BROADWAY | CHELSEA | MA | 02150 | 222906521 | 501 (C) (3) | $10,000 | BARR INITIATIVE | |
| JEWISH VOCATIONAL SERVICE | ||||||||
| 75 FEDERAL STREET 3RD FLOOR | BOSTON | MA | 02110 | 042104357 | 501 (C) (3) | $28,064 | SOCIAL INNOVATION FUND PAY FOR SUCCESS | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 27 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANTONY BUGG-LEVINE | ||||||||||||||
| PRESIDENT/CEO | $282,462 | $0 | $0 | $0 | $0 | $0 | $17,400 | $0 | $22,181 | $0 | $322,043 | $0 | $0 | $0 |
| CRAIG REIGEL | ||||||||||||||
| CFO | $208,694 | $0 | $0 | $0 | $0 | $0 | $12,780 | $0 | $17,076 | $0 | $238,550 | $0 | $0 | $0 |
| NORAH MCVEIGH | ||||||||||||||
| MANAGING DIR FINANCIAL SRV | $206,066 | $0 | $0 | $0 | $0 | $0 | $13,200 | $0 | $36,084 | $0 | $255,350 | $0 | $0 | $0 |
| KRISTIN GIANTRIS | ||||||||||||||
| MANAGING DIRECTOR | $226,961 | $0 | $0 | $0 | $12,033 | $0 | $13,730 | $0 | $14,609 | $0 | $267,333 | $0 | $0 | $0 |
| JENNIFER TALANSKY | ||||||||||||||
| MANAGING DIRECTOR | $165,176 | $0 | $0 | $0 | $0 | $0 | $10,183 | $0 | $39,772 | $0 | $215,131 | $0 | $0 | $0 |
| ANAND ATTAVANE | ||||||||||||||
| CONTROLLER | $125,638 | $0 | $12,700 | $0 | $0 | $0 | $7,379 | $0 | $27,315 | $0 | $173,032 | $0 | $0 | $0 |
| JENNIFER KAWAR | ||||||||||||||
| VP & CHIEF INVESTMT OFFICE | $152,938 | $0 | $7,700 | $0 | $0 | $0 | $10,058 | $0 | $32,948 | $0 | $203,644 | $0 | $0 | $0 |
| SHAWN LUTHER | ||||||||||||||
| VP, CHIEF CREDIT OFFICER | $150,055 | $0 | $3,200 | $0 | $0 | $0 | $6,096 | $0 | $1,070 | $0 | $160,421 | $0 | $0 | $0 |
| ANDREA BRISCOE | ||||||||||||||
| VP HUMAN CAPITAL | $124,760 | $0 | $2,700 | $0 | $0 | $0 | $7,878 | $0 | $19,943 | $0 | $155,281 | $0 | $0 | $0 |
| WILLIAM H PINAKIEWICZ | ||||||||||||||
| VP BUSINESS DEVELOPMENT | $142,130 | $0 | $2,700 | $0 | $0 | $0 | $8,992 | $0 | $35,936 | $0 | $189,758 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | FOR THE SENIOR MANAGEMENT TEAM, BONUSES WERE DETERMINED BY THE ASSESSMENT AND RECOMMENDATION OF THE CEO AND APPROVED BY THE BOARD. FOR OTHER STAFF, THE BONUSES WERE DETERMINED BY THEIR SUPERVISORS AND APPROVED BY THE CEO WITHIN THE PARAMETERS OF THE BOARD APPROVED BUDGET. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | THE ORGANIZATION'S MISSION: 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 NONPROFITS OPTIMIZE THEIR RESOURCES, SUPPORTING THEM AS THEY PROVIDE VITAL GOODS AND SERVICES THAT IMPROVE PEOPLES' LIVES. |
| FORM 990, PART III, LINE 4A | NFF'S MISSION STATEMENT REFLECTS OUR THREE LARGEST PROGRAMS: WE UNLOCK THE POTENTIAL OF MISSION-DRIVEN ORGANIZATIONS THROUGH TAILORED INVESTMENTS, STRATEGIC ADVICE, AND ACCESSIBLE INSIGHTS. WE DO THIS WITH THE AIM OF CREATING A MORE JUST AND VIBRANT SOCIETY, WITH EQUITABLE OPPORTUNITIES FOR ALL. 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 2015, NFF CLOSED 20 NEW LOANS TOTALING $27.8 MILLION AND MANAGED A $268 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 2015, 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 WERE ATTENDED BY 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 USE OF 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 WEBSITE, SOCIAL MEDIA, OR OTHER PLATFORMS. IN 2015, WE CONDUCTED A NATIONAL SURVEY OF THE STATE OF THE NONPROFIT SECTOR THAT INCLUDED 5451 TOTAL RESPONDENTS (NFF.ORG/SURVEY). WE PROVIDED PUBLIC EDUCATION AND PUBLISHED REPORTS, ARTICLES, BLOGS, AND OTHER RESOURCES ON THE EVOLVING STATE OF THE NONPROFIT SECTOR AND THE ECONOMIC, FUNDING AND FINANCING FACTORS THAT IMPACT IT. WE ALSO SHARED OUR INSIGHTS ABOUT THESE ISSUES THROUGH DOZENS OF SPEAKING ENGAGEMENTS. WE MAINTAINED A PAY FOR SUCCESS WEBSITE (PAYFORSUCCESS.ORG) TO EDUCATE AND SHARE INFORMATION ABOUT THIS EVOLVING FIELD FOR FINANCING PREVENTATIVE AND EARLY INTERVENTION SERVICES AND ACHIEVING OTHER CHARITABLE OUTCOMES. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS BYLAWS DURING 2015. THE FOLLOWING IS THE SUMMARY OF NFF BYLAWS' 2015 REVISION. -THE PRESIDENT SHALL NOT SERVE AS BOARD CHAIR. -THE BOARD MAY AUTHORIZE A COMMITTEE TO MAKE REAL ESTATE DECISONS (OFFICE LEASES) IN THE ORDINARY COURSE OF BUSINESS. -THE APPOINTMENT OF A VICE CHAIR IS OPTIONAL RATHER THAN REQUIRED. -COMMITTEE MEETING QUORUM WAS LOWERED FROM FOUR TO THREE PERSONS. -THE AUDIT COMMITTEE'S DUTIES AND RESPONSIBILITIES WERE EXPLICITLY DELINEATED. -NEW BYLAWS ARTICLES INCLUDE "OBJECTIVES AND PURPOSES", "DEDICATION OF ASSETS", "CONFLICT OF INTEREST POLICY AND "RELATED PARTY TRANSACTIONS". -DIRECTORS SHALL BE AT LEAST 18 YEARS OF AGE. |
| FORM 990, PART VI, SECTION B, LINE 11 | 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. THE BOARD APPROVED THE RECOMMENDATION BY THE COMPENSATION COMMITTEE FOR THE SALARY AND BONUS STRUCTURE OF THE CEO, BASED UPON A REVIEW OF FACTORS INCLUDING COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, THE AVAILABILITY OF SIMILAR SERVICES IN THE ORGANIZATION'S GEOGRAPHIC AREA, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS. THE BOARD HAS ANNUALLY DETERMINED BONUS AMOUNTS BASED UPON THEIR REVIEW OF THE CEO'S ANNUAL PERFORMANCE AGAINST ESTABLISHED GOALS. IN 2015, THE BOARD AMENDED THE CEO COMPENSATION FIGURES BASED UPON A SUBJECTIVE EVALUATION OF MARKET CHANGES AND THE CEO'S PERFORMANCE. FOR SENIOR STAFF REPORTING DIRECTLY TO THE CEO, THE BOARD APPROVES COMPENSATION RECOMMENDATIONS MADE BY THE CEO BASED UPON PEER COMPENSATION DATA, INDIVIDUAL PERFORMANCE, AND BUDGETARY CONSTRAINTS. FOR ALL OTHER STAFF, THE BOARD APPROVES COMPENSATION POLICIES AND AGGREGATE BUDGET CONSTRAINTS FOR PERSONNEL COSTS. PERIODICALLY NFF OBTAINS SURVEY DATA FROM INDEPENDENT FIRMS TO CALIBRATE COMPENSATION FOR STAFF, WHICH IS PROVIDED TO THE BOARD IN SUPPORT OF POLICY RECOMMENDATIONS. THIS PROCESS WAS LAST CONDUCTED IN 2014. THE REVIEW AND APPROVAL OF COMPENSATION IS RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS, INCLUDING THE TERMS OF THE COMPENSATION AND DATE APPROVED, THE NAMES OF THE MEMBERS PRESENT FOR THE DISCUSSION AND APPROVAL. |
| 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | Yes (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 | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (27 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NFF NEW MARKETS FUND I LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 205899397 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $641 | 0 | Yes (1) | 0.00010 | |
| 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 | $2 | 0 | Yes (1) | 0.00010 | $1,145 |
| 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 | $4 | 0 | Yes (1) | 0.00010 | $742 |
| 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 | $1 | 0 | Yes (1) | 0.00010 | $982 |
| 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 | $1 | 0 | Yes (1) | 0.00010 | $983 |
| 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 | 0 | Yes (1) | 0.00010 | $1,377 |
| 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 | 0 | Yes (1) | 0.00010 | $1,091 |
| 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 | 0 | Yes (1) | 0.00010 | $1,185 |
| 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 | 0 | Yes (1) | 0.00010 | $986 |
| 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 | 0 | Yes (1) | 0.00010 | $1,555 |
| 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 | 0 | Yes (1) | 0.00010 | $828 |
| 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 | 0 | Yes (1) | 0.00010 | $792 |
| 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 | $2 | 0 | Yes (1) | 0.00010 | $493 |
| 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 | 0 | Yes (1) | 0.00010 | $794 |
| 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 | 0 | Yes (1) | 0.00010 | $981 | |
| 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 | 0 | Yes (1) | 0.00010 | $1,084 |
| 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 | 0 | Yes (1) | 0.00010 | $396 |
| 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 | 0 | Yes (1) | 0.00010 | $888 |
| 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 | 0 | Yes (1) | 0.00010 | $594 |
| NFF NEW MARKETS FUND XXI LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 273227607 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $1 | 0 | Yes (1) | 0.00010 | $990 |
| NFF NEW MARKETS FUND XXII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 273227792 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | 0 | Yes (1) | 0.00010 | $792 | |
| NFF NEW MARKETS FUND XXIII LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 273227871 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $3 | 0 | Yes (1) | 0.00010 | $696 |
| NFF NEW MARKETS FUND XXIV LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 273227950 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | -$2 | 0 | Yes (1) | 0.00010 | $495 |
| NFF NEW MARKETS FUND XXV LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 273228011 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | $4 | 0 | Yes (1) | 0.00010 | $990 |
| NFF NEW MARKETS WAREHOUSE LLC | |||||||||||||
| 5 HANOVER SQUARE 9TH FLOOR | NEW YORK | NY | 10004 | 205899492 | FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS | NY | NONPROFIT FINANCE FUND | RELATED | -$162 | 0 | Yes (1) | 0.00010 | |
| CHASE NMTC AMISTAD 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 | -$3 | 0 | Yes (1) | 0.00010 | $600 |
| 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 | 0 | Yes (1) | 0.00010 | $699 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUILDING FOR THE FUTURE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionTypeTxt |
| Involved | $232,167 | InvolvedAmt |
| Method Of Amount Determination | COST | MethodOfAmountDeterminationTxt |