IRCS CENTER FOR ECONOMIC OPPORTUNITY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
IRCS CENTER FOR ECONOMIC OPPORTUNITY INC (EIN 45-3686069)
Tax period
2024-10-01 to 2025-09-30
Filed
2026-08-17
IRS object ID
202602299349300840
Schema version
2024v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-08-17T11:57:52-04:00ReturnTs
Tax Period End2025-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113287732PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Padilla and Company LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1175-61 Hillside Avenue Ste 200AddressLine1Txt
CityJamaicaCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11432ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453686069EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IRCS CENTER FOR ECONOMIC OPPORTUNITY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Ellen BeattieInCareOfNm
Business Name ControlIRCSBusinessNameControlTxt
Phone8886121002PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 152188AddressLine1Txt
CitySan DiegoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92195ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELLEN BEATTIEPersonNm
Person TitleBoard President Interim EDPersonTitleTxt
Phone8886121002PhoneNum
Signature2026-08-10SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSE PAOLO ESPIRITUPreparerPersonNm
PTINP01304010PTIN
Phone7185585858PhoneNum
Preparation2026-08-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$6,801,266GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.IRC-CEO.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO HELP CREATE A MORE FAIR FINANCIAL SYSTEM THROUGH WHICH PEOPLE REALIZE THEIR POTENTIAL AND COMMUNITIES PROSPER.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee15TotalEmployeeCnt
Total Volunteers23TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,256,729PYContributionsGrantsAmt
CY Contributions Grants$4,619,536CYContributionsGrantsAmt
PY Program Service Revenue$1,726,248PYProgramServiceRevenueAmt
CY Program Service Revenue$1,849,428CYProgramServiceRevenueAmt
PY Investment Income$55,560PYInvestmentIncomeAmt
CY Investment Income$332,137CYInvestmentIncomeAmt
CY Other Revenue$165CYOtherRevenueAmt
PY Total Revenue$6,038,537PYTotalRevenueAmt
CY Total Revenue$6,801,266CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,660,025PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,149,349CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$419,994CYTotalFundraisingExpenseAmt
PY Other Expenses$5,335,708PYOtherExpensesAmt
CY Other Expenses$4,482,730CYOtherExpensesAmt
PY Total Expenses$6,995,733PYTotalExpensesAmt
CY Total Expenses$6,632,079CYTotalExpensesAmt
PY Revenues Less Expenses-$957,196PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$169,187CYRevenuesLessExpensesAmt
Total Assets BOY$28,193,836TotalAssetsBOYAmt
Total Assets EOY$27,853,053TotalAssetsEOYAmt
Total Liabilities BOY$16,572,331TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,062,361TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,621,505NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,790,692NetAssetsOrFundBalancesEOYAmt
MissionTO HELP CREATE A MORE FAIR FINANCIAL SYSTEM THROUGH WHICH PEOPLE REALIZE THEIR POTENTIAL AND COMMUNITIES PROSPER.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,767,003ExpenseAmt
Grant$1,450,000GrantAmt
Revenue$1,353,424RevenueAmt
DescIRCs Center for Economic Opportunity (IRC-CEO) advances its exempt purpose by expanding responsible access to credit for low- and very-low-income refugees, immigrants, and other individuals and households with limited access to conventional financing. During the fiscal year ended September 30, 2025, IRC-CEO provided responsible consumer and small business loans in collaboration with community-based partners that also offered credit education, technical assistance, and related financial capability and asset-building support. During FY2025, IRC-CEO deployed approximately $7.7 million in lending capital and maintained 3,681 outstanding loans as of September 30, 2025. IRC-CEOs integrated lending and education model helped borrowers establish or improve credit, address essential household and business needs, and pursue longer-term financial stability. (continuation in Schedule O, General Explanation)Desc
Total Program Service Expenses$5,767,003TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee15EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonELLEN BEATTIEPersonNm
Phone2125513000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1122 EAST 42ND STREET 14TH FLAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101681289ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndKey EmployeeKeyEmployeeInd
Johannes Van de Weerd
Board President37.500.00Yes (X)$0$375,887$0
Ellen Beattie
Board President Interim ED37.500.00Yes (X)$0$285,203$0
Kasra Movahedi
Executive Director37.500.00$172,122$0$0Yes (X)
Megan Hershiser
Assoc Dir Corporate Partnerships37.500.00$159,474$0$0Yes (X)
Gokcen Topbas
Director Credit Strategy37.500.00$138,289$0$0Yes (X)
Senad Voloder
Dep Dir Origination & Servicing37.500.00$133,792$0$0Yes (X)
Mary Grace Ner
Dep Dir Finance & Administration37.500.00$121,210$0$0Yes (X)
Zachary Bezold
Dep Dir Learning & Innovation37.500.00$111,762$0$0Yes (X)
Ariana Miller
Executive Director37.500.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$836,649TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$661,090TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Vermeer Consulting Group LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
ServicesFinancial servicesServicesDesc
Compensation$120,922CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$800,348GovernmentGrantsAmt
All Other Contributions$3,819,188AllOtherContributionsAmt
Total Contributions$4,619,536TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Loan interest and fee i900099$1,354,984$1,354,984
Portfolio management se900099$342,500$342,500
Loan adminstration fee900099$151,944$151,944
FieldValueIRS element (for citing)
Total Program Service Revenue$1,849,428TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$332,137TotalRevenueColumnAmt
Related Or Exempt Func Income$332,137RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther incomeDesc
Business900099BusinessCd
Total Revenue Column$165TotalRevenueColumnAmt
Related Or Exempt Func Income$165RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$165OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,801,266TotalRevenueColumnAmt
Related Or Exempt Func Income$2,181,730RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$764,813TotalAmt
Program Services$496,027ProgramServicesAmt
Management And General$75,758ManagementAndGeneralAmt
Fundraising$193,028FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$897,355TotalAmt
Program Services$828,062ProgramServicesAmt
Management And General$37,363ManagementAndGeneralAmt
Fundraising$31,930FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$487,181TotalAmt
Program Services$388,091ProgramServicesAmt
Management And General$33,155ManagementAndGeneralAmt
Fundraising$65,935FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,344TotalAmt
Program Services$10,586ProgramServicesAmt
Management And General$18,114ManagementAndGeneralAmt
Fundraising$9,644FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$298,795TotalAmt
Program Services$82,487ProgramServicesAmt
Management And General$141,152ManagementAndGeneralAmt
Fundraising$75,156FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$115,241TotalAmt
Management And General$115,241ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$256,998TotalAmt
Program Services$251,237ProgramServicesAmt
Management And General$4,026ManagementAndGeneralAmt
Fundraising$1,735FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,296TotalAmt
Management And General$2,296ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$67,350TotalAmt
Program Services$24,284ProgramServicesAmt
Management And General$500ManagementAndGeneralAmt
Fundraising$42,566FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$345,052TotalAmt
Program Services$345,052ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,477TotalAmt
Management And General$17,477ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Provision for credit losses$1,873,310$1,873,310
Subrecipient grants$1,450,000$1,450,000
Loan forgiven$15,409$15,409
Loan fees$1,500$1,500

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$958TotalAmt
Program Services$958ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,632,079TotalAmt
Program Services$5,767,003ProgramServicesAmt
Management And General$445,082ManagementAndGeneralAmt
Fundraising$419,994FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,391,634BOYAmt
EOY$9,830,444EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$939,595BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,267,570BOYAmt
EOY$457,915EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$73,666BOYAmt
EOY$70,805EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$18,491,371BOYAmt
EOY$17,402,708EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt
EOY$91,181EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,193,836BOYAmt
EOY$27,853,053EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$123,609BOYAmt
EOY$176,541EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$16,448,722BOYAmt
EOY$15,885,820EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,572,331BOYAmt
EOY$16,062,361EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,221,676BOYAmt
EOY$2,007,763EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,399,829BOYAmt
EOY$9,782,929EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,621,505BOYAmt
EOY$11,790,692EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,193,836BOYAmt
EOY$27,853,053EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$169,187ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,432,655CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,228,956CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,973,077CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,256,729CurrentTaxYearMinus1YearAmt
Current Tax Year$4,619,536CurrentTaxYearAmt
Total$21,510,953TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,432,655CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,228,956CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,973,077CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,256,729CurrentTaxYearMinus1YearAmt
Current Tax Year$4,619,536CurrentTaxYearAmt
Total$21,510,953TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,839,375SubstantialContributorsTotAmt
Public Support Total170$17,671,578PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$169CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,170CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$36,978CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$55,560CurrentTaxYearMinus1YearAmt
Current Tax Year$332,302CurrentTaxYearAmt
Total$428,179TotalAmt
FieldValueIRS element (for citing)
Total Support$21,939,132TotalSupportAmt
Public Support CY1700.80550PublicSupportCY170Pct
Public Support PY1700.93030PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescInvestments - program relatedDesc
Book Value$17,402,708BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Program Rltd$17,402,708TotalBookValueProgramRltdAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,801,266TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$6,801,266RevenueSubtotalAmt
Total Revenue Per Form990$6,801,266TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,632,079TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$6,632,079ExpensesSubtotalAmt
Total Expenses Per Form990$6,632,079TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2-Text in footnote regarding FIN 48 (ASC 740)FormAndLineReferenceDesc
ExplanationThe Organization does not believe its financial statements include any material uncertain tax positions that require adjustment to the financial statements to comply with the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Accounting for Uncertainty in Income Taxes. Tax filings for periods ending September 30, 2022 and later are subject to examination by applicable taxing authorities.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtBase Compensation Filing OrgBaseCompensationFilingOrgAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
Ellen Beattie
Board President Interim ED$249,676$35,527$285,203
Johannes Van de Weerd
Board President$332,265$43,622$375,887
Kasra Movahedi
Executive Director$145,985$26,137$172,122
Megan Hershiser
Assoc Dir Corporate Partnerships$107,330$52,144$159,474

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Members or stockholder classes and rights Part VI line 6IRCS CENTER FOR ECONOMIC OPPORTUNITY, INC. HAS THREE MEMBERS.
Member election for additional members Part VI line 7aTHE MEMBERS HAVE FULL VOTING RIGHTS AND SUCH OTHER RIGHTS AS ARE GRANTED TO MEMBERS UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW.
Governing body decisions Part VI line 7bTHE MEMBERS MAY RECEIVE REPORTS ON THE ACTIVITIES OF THE CORPORATION, INCLUDING THE ANNUAL FINANCIAL REPORT PREPARED AND PRESENTED IN ACCORDANCE WITH SECTION 13 OF ARTICLE II, AND DETERMINE THE DIRECTION OF THE CORPORATION FOR THE COMING YEAR AT ITS ANNUAL MEETING. SPECIAL MEETINGS OF THE MEMBERS, FOR ANY PURPOSE OR PURPOSES, MAY BE CALLED AT ANY TIME BY THE CHAIRMAN OF THE BOARD OF DIRECTORS OR THE MEMBERS. CURRENTLY-SEATED MEMBERS OF THE CORPORATION MAY ADD OR REMOVE MEMBERS OF THE CORPORATION VIA UNANIMOUS VOTE.
Committee meeting documentation Part VI line 8bTHE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
Form 990 governing body review Part VI line 11IRCS CENTER FOR ECONOMIC OPPORTUNITY, INC. (IRCS CEO) HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE EXECUTIVE DIRECTOR AND DEPUTY DIRECTOR, FINANCE & ADMINISTRATION OF IRCS CEO, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR REVIEW AND APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
Conflict of interest policy compliance Part VI line 12cTHE CONFLICT OF INTEREST POLICY APPLIES TO IRCS CEO BOARD MEMBERS AND IRC STAFF PERFORMING DUTIES FOR IRCS CEO. THE POLICY ASKS FOR ANNUAL DISCLOSURES FROM ALL BOARD MEMBERS AND INVOLVED IRC STAFF. THESE DISCLOSURES ARE REVIEWED BY THE BOARD (OR ASSIGNED SUBCOMMITTEE) ANNUALLY AND PERIODICALLY. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER... (continuation in Schedule O, General Explanation)
CEO executive director top management comp Part VI line 15aTWO OF THE FIVE IRC CEOS BOARD MEMBERS ARE THE IRCS LEADERSHIP STAFF AND ARE COMPENSATED BY THE IRC (CEOS PARENT COMPANY). THEIR COMPENSATION FOLLOW THE IRCS COMPENSATION POLICIES. IRCS CEO AS A NON-CONSOLIDATED SUBSIDIARY OF THE INTERNATIONAL RESCUE COMMITTEE HAS ADOPTED THE PARENT COMPANY COMPENSATION PROGRAM AND SALARY BAND STRUCTURE. THE TOP OFFICIAL IS THE EXECUTIVE DIRECTOR, AND THAT POSITION IS THE ONE REVIEWED BY THE BOARD WITH BENCHMARKS MADE AGAINST OTHER POSITIONS AT THE PARENT ORGANIZATION, THE INTERNATIONAL RESCUE COMMITTEE, AND OTHERS WITH SIMILAR TITLE AND RESPONSIBILITIES WITHIN THE COMMUNITY DEVELOPMENT FINANCE INDUSTRY. THE TRADE ASSOCIATION FOR CDFIS PUBLISHES A SALARY SURVEY ON A REGULAR BASIS; CEO HAS SUBSCRIBED... (continuation in Schedule O, General Explanation)
Other officer or key employee compensation Part VI line 15bTWO OF THE FIVE IRC CEOS BOARD MEMBERS ARE THE IRCS LEADERSHIP STAFF AND ARE COMPENSATED BY THE IRC (CEOS PARENT COMPANY). THEIR COMPENSATION FOLLOW THE IRCS COMPENSATION POLICIES. IRCS CEO AS A NON-CONSOLIDATED SUBSIDIARY OF THE INTERNATIONAL RESCUE COMMITTEE HAS ADOPTED THE PARENT COMPANY COMPENSATION PROGRAM AND SALARY BAND STRUCTURE. THE TOP OFFICIAL IS THE EXECUTIVE DIRECTOR, AND THAT POSITION IS THE ONE REVIEWED BY THE BOARD WITH BENCHMARKS MADE AGAINST OTHER POSITIONS AT THE PARENT ORGANIZATION, THE INTERNATIONAL RESCUE COMMITTEE, AND OTHERS WITH SIMILAR TITLE AND RESPONSIBILITIES WITHIN THE COMMUNITY DEVELOPMENT FINANCE INDUSTRY. THE TRADE ASSOCIATION FOR CDFIS PUBLISHES A SALARY SURVEY ON A REGULAR BASIS; CEO HAS SUBSCRIBED... (continuation in Schedule O, General Explanation)
Form 990 availability to public Part VI line 18THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST.
Governing documents etc available to public Part VI line 19THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST.
General explanation attachment(continuation of Part III, 4a)IRC-CEO continued to prioritize individuals and families with no credit history, limited credit histories, or subprime credit who otherwise faced barriers to obtaining affordable conventional financing.Through these activities, IRC-CEO furthered its mission of expanding access to responsible credit and creating pathways to financial stability and wealth-building opportunities in underserved communities. .(continuation of Schedule O, Part VI, Line 12c)...HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. A BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM THE MEETING DISCUSSION AND REFRAIN FROM VOTING ON THE MATTER. .(continuation of Schedule O, Part VI, Lines 15a and 15b)...TO THAT SALARY SURVEY AND HAS BEEN ABLE TO USE IT TO ALIGN ITS COMPENSATION STRUCTURE WITH THAT OF OTHER SIMILAR-SIZED ORGANIZATIONS WITH A NATIONAL FOOTPRINT. THE CEO BOARD OF DIRECTORS REVIEWS THIS DATA, AND IN CONSULTATION WITH THE HR TEAM AT THE PARENT ORGANIZATION, DETERMINES AND THEN APPROVES AN APPROPRIATE COMPENSATION STRUCTURE FOR THE EXECUTIVE DIRECTOR. THIS WAS LAST UNDERTAKEN IN DECEMBER 2023. THE BOARD REVIEWED AND APPROVED THE BUDGET PROPOSAL FOR THE CURRENT FISCAL YEAR WHICH INCLUDED AN INCREASE TO SALARIES FOR CEO STAFF INCLUDING ITS EXECUTIVE DIRECTOR. .Schedule R, Part V, Line 1p Transactions with Related Organization - IRCs Center for Economic Opportunity, Inc. (IRC-CEO) is a non-consolidated affiliate of International Rescue Committee (IRC). IRC provides certain operational and administrative support to IRC-CEO, including payroll processing services and access to group employee benefits. During the fiscal year ended September 30, 2025, personnel services totaling $2,149,349 were processed through IRC and reimbursed by IRC-CEO. Transactions with IRC are recorded at cost and are not intended to approximate market rates. As of September 30, 2025, IRC-CEO had an outstanding payable to IRC of $157,029, which was unsecured, non-interest bearing, and due on demand.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
INTERNATIONAL RESCUE COMMITTEE
122 EAST 42ND STREET 14TH FLNew YorkNY10168135660870HUMANITARIAN AIDNY501C37N/Afalse
IRC HELLAS
HUMANITARIAN AID501C3falseAPOLLON TOWER LOUIZIS RIANKOUR 64ATHENSATHENSGR11523GRINTERNATIONAL RESCUE COMMITTEE
IRC DEUTSCHLAND GGMBH
HUMANITARIAN AID501C3falseWALLSTRASSE 15ABERLINBERLINGM10179GMINTERNATIONAL RESCUE COMMITTEE
IRC SVERIGE INSAMLINGSSTIFTELSE
HUMANITARIAN AID501C3falseTHE PARK MAGNUS LADULASGATAN 3STOCKHOLMSTOCKHOLMSW118 65SWINTERNATIONAL RESCUE COMMITTEE
IRC KOREA FOUNDATION
HUMANITARIAN AID501C3false432 EONJU-RO GANGNAM-GUSEOULSEOULKSKSINTERNATIONAL RESCUE COMMITTEE
IRC UK
HUMANITARIAN AID501C3false100 WOOD STREETLONDONLONDONUKEC2V7ANUKINTERNATIONAL RESCUE COMMITTEE
IRC POLSKA
HUMANITARIAN AID501C3falsePRZYOKOPOWA 31 3RD FLOORWARSAWWARSAWPL01-208PLINTERNATIONAL RESCUE COMMITTEE
IRC GUATAMALA
HUMANITARIAN AID501C3falseHFVJGF2GUATAMALA CITYGUATAMALA CITYGTGTINTERNATIONAL RESCUE COMMITTEE
FieldValueIRS element (for citing)
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1International Rescue CommitteeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypepTransactionTypeTxt
Involved$2,149,349InvolvedAmt
Method Of Amount DeterminationCost or Actual Personnel Cost ReimbursedMethodOfAmountDeterminationTxt

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