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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6M
Total Contributions
$4.3M
Total Expenses
▼$7M
Total Assets
$28.2M
Total Liabilities
▼$16.6M
Net Assets
$11.6M
Officer Compensation
→N/A
Other Salaries
$1.3M
Investment Income
$55.6K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.3M
Awards Found
11
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.7M | FY2021 | Jun 2021 – Sep 2023 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $400K | FY2020 | Sep 2020 – Sep 2023 |
| Department of the Treasury | PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE. | $383.2K | FY2024 | Apr 2024 – Sep 2027 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $300K | — | — – — |
| Small Business Administration | IRC CENTER FOR ECON OPPORTUNITY - CA | $107.9K | FY2023 | Jul 2023 – Jun 2024 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $100K | — | — – — |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $95K | — | — – — |
| Small Business Administration | IRC CENTER FOR ECON OPPORTUNITY - CA | $53.7K | FY2024 | Jul 2024 – Jun 2025 |
| Small Business Administration | TRAINING AND TECHNICAL ASSISTANCE TO SBA MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS | $50K | FY2022 | Jul 2022 – Jun 2023 |
| Small Business Administration | IRC'S CENTER FOR ECON OPPORTUNITY, NY THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS. | $39.4K | FY2021 | Jul 2021 – Jun 2022 |
| Small Business Administration | IRC CENTER FOR ECONOMIC OPPORTUNITY - CA TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR INTERMEDIARY LE | $31.9K | FY2025 | Jul 2025 – Jun 2026 |
Department of the Treasury
$1.7M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$400K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$383.2K
PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$300K
FINANCIAL ASSISTANCE AWARD
Small Business Administration
$107.9K
IRC CENTER FOR ECON OPPORTUNITY - CA
Department of the Treasury
$100K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$95K
TECHNICAL ASSISTANCE AWARD
Small Business Administration
$53.7K
IRC CENTER FOR ECON OPPORTUNITY - CA
Small Business Administration
$50K
TRAINING AND TECHNICAL ASSISTANCE TO SBA MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS
Small Business Administration
$39.4K
IRC'S CENTER FOR ECON OPPORTUNITY, NY THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$31.9K
IRC CENTER FOR ECONOMIC OPPORTUNITY - CA TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR INTERMEDIARY LE
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $972.5K | No | 2024-05-28 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$972.5K
Tax Year 2024 · Source: IRS e-Filed Form 990
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Johannes Van De Weerd | Board President | 37.5 | $340.5K | $0 | $0 | $340.5K |
| Ellen Beattie | Board Tresurer | 37.5 | $247K | $0 | $0 | $247K |
| Ariana Miller | Executive Director | 37.5 | $0 | $0 | $0 | $0 |
Johannes Van De Weerd
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $6M | $4.3M | $7M | $28.2M | $11.6M |
| 2022 | $5.7M | $5.2M | $2.6M | $12.1M | $7.9M |
| 2021 | $2.8M | $2.4M | $1.2M | $7.1M | $4.8M |
| 2020 | $2.1M | $1.7M | $1.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
Board President
$340.5K
Hrs/Wk
37.5
Compensation
$340.5K
Related Orgs
$0
Other
$0
Ellen Beattie
Board Tresurer
$247K
Hrs/Wk
37.5
Compensation
$247K
Related Orgs
$0
Other
$0
Ariana Miller
Executive Director
$0
Hrs/Wk
37.5
Compensation
$0
Related Orgs
$0
Other
$0
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Megan Hershiser | Assoc Dir Corporate Partne | 37.5 | $115K | $0 | $0 | $115K |
| Gokcen Topbas | Director Credit Strategy | 37.5 | $107.2K | $0 | $0 | $107.2K |
| Senad Voloder | Dep Dir Origination & Serv | 37.5 | $100.2K | $0 | $0 | $100.2K |
| Mary Grace Ner | Dep Dir Finance & Administ | 37.5 | $95.6K | $0 | $0 | $95.6K |
| Zachary Bezold | Dep Dir Learning & Innovat | 37.5 | $92.4K | $0 | $0 | $92.4K |
Megan Hershiser
Assoc Dir Corporate Partne
$115K
Hrs/Wk
37.5
Compensation
$115K
Related Orgs
$0
Other
$0
Gokcen Topbas
Director Credit Strategy
$107.2K
Hrs/Wk
37.5
Compensation
$107.2K
Related Orgs
$0
Other
$0
Senad Voloder
Dep Dir Origination & Serv
$100.2K
Hrs/Wk
37.5
Compensation
$100.2K
Related Orgs
$0
Other
$0
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kasra Movahedi | Executive Director | 37.5 | $149.6K | $0 | $0 | $149.6K |
Kasra Movahedi
Executive Director
$149.6K
Hrs/Wk
37.5
Compensation
$149.6K
Related Orgs
$0
Other
$0
| $4.1M |
| $3.3M |
| 2019 | $1.7M | $1.5M | $484.9K | $3M | $2.7M |
| 2018 | $627.4K | $440.2K | $310.5K | $1.7M | $1.5M |
| 2017 | $720.2K | $680.5K | $194K | $1.2M | $1.2M |
| 2016 | $449.9K | $445.2K | $114.8K | $646.9K | $630.4K |
| 2015 | $332.4K | $275K | $85.5K | $306.8K | $301.8K |
| 2014 | $0 | — | $39.7K | $54.9K | — |
| 2013 | $95K | — | $801 | $94.6K | — |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990-EZ | Data |
| 2013 | 990-EZ | Data |
Mary Grace Ner
Dep Dir Finance & Administ
$95.6K
Hrs/Wk
37.5
Compensation
$95.6K
Related Orgs
$0
Other
$0
Zachary Bezold
Dep Dir Learning & Innovat
$92.4K
Hrs/Wk
37.5
Compensation
$92.4K
Related Orgs
$0
Other
$0